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Locate Technologies Limited ( (NZ:LOC) ) just unveiled an update.
Locate Technologies reported its first quarter of positive group EBITDA in Q3 FY26, with reported EBITDA of NZ$167,000 on revenue of NZ$1.80 million, up 15% year-on-year, and normalised EBITDA of NZ$275,000 as revenue growth landed against a largely flat cost base. The shift reflects strong momentum at Locate2u, where revenue jumped 42% to NZ$1.08 million and now represents 60% of group revenue, while Zoom2u revenue declined 11% but remained profitable and cash generative at the segment level.
Management highlighted a structural change in operations as AI was embedded across engineering, sales and product, enabling a move from weekly to daily software releases and faster delivery of new features such as an advanced routing engine, address-cleaning service and warehouse tools. After the quarter, the board authorised an on-market share buyback of up to NZ$500,000, signalling confidence that the market undervalues the business, while cash stood at NZ$1.1 million and Bitcoin holdings were maintained at 12.3 BTC with no new purchases or use of the existing equity facility.
More about Locate Technologies Limited
Locate Technologies Limited is an AI-powered delivery and logistics technology company operating two complementary platforms: Locate2u, a route optimisation and delivery management system used by fleet operators, retailers and logistics providers internationally, and Zoom2u, an on-demand courier and delivery marketplace in Australia that uses AI to manage dispatch and logistics. The group’s software provides route planning, delivery management and real-time visibility for businesses of all sizes, and it is also New Zealand’s first listed Bitcoin treasury company, holding Bitcoin as a reserve asset alongside its operating businesses.
Average Trading Volume: 13,126
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$15.36M
Learn more about LOC stock on TipRanks’ Stock Analysis page.