Gratifii Ltd (GTI) AI Stock Analysis

• Market Cap: AU$39.11M
• Dividend Yield: N/A
• Average Volume (3M): 73.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: 82.46%
• EPS Growth: 58.45%
• Country: AU
• Employees: 52
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.02
• Shares Outstanding: 434,506,620
• 10 Day Avg. Volume: 23,311
• 30 Day Avg. Volume: 73,021
• PEG Ratio: >-0.01
• Price to Book (P/B): 3.41
• Price to Sales (P/S): 0.44
• P/FCF Ratio: -4.87
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: AU$0.09 ▲(43.33% Upside)

The score is held down primarily by weak financial performance (ongoing losses, negative ROE, and negative operating/free cash flow) despite revenue growth. Technicals show mixed signals—short-term strength but a broader downtrend and elevated RSI—while valuation is constrained by a negative P/E and no dividend support.

Positive Factors

Revenue Growth

An 82% revenue increase demonstrates strong customer adoption and platform traction. Sustained top-line growth supports scale economics and data network effects, enabling incremental upsell and expansion into new customers and verticals that can drive durable revenue growth over months.

Leverage Improvement

Improving debt-to-equity indicates better leverage management and reduced solvency pressure. A healthier capital structure increases financial flexibility to fund product development, partnerships and customer acquisition without immediate reliance on dilutive equity or emergency financing.

Diversified Recurring Revenue

Multiple revenue streams—subscriptions, transaction fees, partnerships and analytics—create recurring and diversified income. This enhances revenue predictability, reduces single-customer concentration and supports cross-sell and margin improvement as product adoption deepens.

Negative Factors

Negative Cash Flow

Persistent negative operating and free cash flows erode runway and necessitate ongoing external funding or cost reductions. Chronic cash burn constrains investment in sales, R&D and scaling, raising dilution and refinancing risk and limiting the company’s ability to execute long-term plans.

Profitability & Margin Pressure

Negative net profit and EBIT margins, plus a declining gross margin, point to structural unit-economics problems. If cost of sales or pricing pressures persist, the business will struggle to convert revenue growth into sustainable profits and internally fund future growth initiatives.

Weak Return on Equity and Low Equity Base

Negative ROE combined with a low equity ratio signals poor shareholder value generation and higher reliance on debt. This amplifies financial vulnerability, limits strategic optionality in downturns and increases the likelihood of future capital raises that could dilute existing holders.

Gratifii Ltd Business Overview & Revenue Model

Company Description

Gratifii Ltd (GTI) is a technology-driven company specializing in customer engagement and loyalty solutions. Operating primarily within the digital rewards and loyalty sectors, GTI provides a platform that enables businesses to create and manage customized loyalty programs, enhancing customer retention and satisfaction. Their core products include a digital rewards platform, customer insights analytics, and integration capabilities with various point-of-sale systems, allowing for seamless customer interactions across different channels.

How the Company Makes Money

Gratifii Ltd generates revenue through multiple streams, primarily by charging businesses for access to its loyalty and rewards platform. This includes subscription fees for using the software, transaction fees for redeeming rewards, and tiered pricing models based on the scale of the loyalty program. Additionally, GTI may earn revenue through partnerships with retailers and brands that use its platform to distribute rewards, which can involve revenue-sharing agreements. The company also benefits from providing analytics services, offering insights to clients on customer behavior and program effectiveness, thereby enhancing the value of its offerings and contributing to its overall earnings.

Gratifii Ltd Financial Statement Overview

Summary

Despite strong revenue growth, profitability and cash generation are weak: negative net profit/EBIT margins, declining gross margin, negative ROE, and negative operating/free cash flows. Balance sheet leverage has improved, but overall financial health remains pressured.

Income Statement

Gratifii Ltd has shown significant revenue growth over the years, with a notable increase in the most recent period. However, the company struggles with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin has been declining, indicating potential cost management issues. Overall, while revenue growth is a positive sign, the lack of profitability is a concern.

Balance Sheet

The company's debt-to-equity ratio has improved over time, suggesting better leverage management. However, the return on equity remains negative, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is relatively low, pointing to a higher reliance on debt financing. While there are improvements in leverage, profitability and equity utilization remain weak.

Cash Flow

Gratifii Ltd's cash flow situation is challenging, with negative operating and free cash flows. The free cash flow to net income ratio is positive, suggesting some efficiency in converting earnings to cash, but the overall cash flow growth is negative. The company needs to improve its cash generation capabilities to support its operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	54.45M	54.45M	29.84M	29.93M	11.17M	3.08M
Gross Profit	6.69M	6.69M	4.47M	5.05M	2.63M	2.06M
EBITDA	-4.57M	-4.57M	-7.68M	-2.00M	-1.01M	783.48K
Net Income	-10.95M	-10.95M	-10.52M	-3.81M	-2.43M	59.28K
Balance Sheet
Total Assets	20.90M	20.90M	13.73M	19.26M	13.58M	9.42M
Cash, Cash Equivalents and Short-Term Investments	2.83M	2.83M	324.11K	1.69M	2.07M	2.33M
Total Debt	910.52K	910.52K	2.75M	1.83M	3.41M	4.59M
Total Liabilities	13.91M	13.91M	12.27M	11.15M	8.08M	8.10M
Stockholders Equity	6.99M	6.99M	1.46M	8.11M	5.50M	1.31M
Cash Flow
Free Cash Flow	-4.88M	-4.88M	-3.53M	-2.58M	176.14K	-2.88M
Operating Cash Flow	-4.85M	-4.85M	-653.47K	450.77K	176.14K	-537.16K
Investing Cash Flow	-3.11M	-3.11M	-2.88M	-4.89M	-4.83M	-3.58M
Financing Cash Flow	10.47M	10.47M	2.13M	4.06M	4.50M	6.18M

Gratifii Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GTI, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.07, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.16 is Neutral, neither overbought nor oversold. The STOCH value of 108.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GTI.

Gratifii Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AMX	48 Neutral	AU$26.12M	-3.97	-31.01%	―	-3.43%	-40.65%
XF1	43 Neutral	AU$29.71M	-13.50	―	―	7.32%	67.11%
GTI	42 Neutral	AU$39.11M	-2.10	-259.27%	―	82.46%	58.45%
PRO	41 Neutral	AU$8.48M	-1.31	-133.07%	―	-4.90%	-52.78%
FLX	41 Neutral	AU$40.30M	-5.82	―	―	21.82%	6.83%

Gratifii Ltd Corporate Events

Gratifii Calls Online Extraordinary General Meeting for February 2026

Gratifii Limited has called an extraordinary general meeting of shareholders to be held online on 27 February 2026, using the investor.automic.com.au platform. The notice advises shareholders to review the meeting materials in full, seek professional advice if uncertain about how to vote on the proposed resolutions, and contact the company secretary with any questions, underscoring the company’s focus on formal governance processes and shareholder engagement ahead of key decisions.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Posts Record Cash Receipts as It Advances Mosh and FuturePass Deals

Gratifii reported record second-quarter FY26 cash receipts of $19.8 million, up 13.5% year-on-year, delivering an operating cash surplus of $1.8 million and ending the period with $6.07 million in cash following a $2.3 million capital raising. Operationally, the company advanced its major client platform migration, brought five new clients live, and continued due diligence on the acquisitions of Auckland-based digital agency Mosh Digital and the FuturePass digital wallet platform, which are expected to enhance its end-to-end loyalty and engagement capabilities, open new revenue streams and position Gratifii as a consolidator in a rapidly consolidating ANZ loyalty market.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Issues 3 Million Unquoted Options Under Existing Transaction

Gratifii Ltd has notified the market of the issue of 3 million new unquoted options, exercisable at $0.17 and expiring on 1 June 2028, under its ASX code GTI. The options, which are part of a previously announced transaction and are not intended to be quoted on the ASX, reflect ongoing use of equity-based instruments in the company’s capital management and incentive structures, with potential future dilution for existing shareholders if they are exercised.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Issues 50 Million New Shares, Confirms Regulatory Compliance

Gratifii Limited has issued 50 million fully paid ordinary shares, as detailed in a contemporaneous filing with the ASX, and has notified the market that the issue was conducted without a prospectus under the relevant provisions of the Corporations Act. The company affirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information that would be material to investors, signalling compliance and transparency around the capital issuance for existing and prospective shareholders.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Seeks ASX Quotation for 50 Million New Shares

Gratifii Ltd has applied to the ASX for quotation of 50 million new fully paid ordinary shares under the code GTI, with an issue date of 31 December 2025. The move expands the company’s quoted share capital, signalling a material equity issuance that may affect existing shareholders through dilution while potentially strengthening the balance sheet and supporting future corporate or operational initiatives once the use of proceeds is clarified to the market.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Director Michael Hill Increases Indirect Shareholding via Share-Based Fee Payment

Gratifii Limited has disclosed a change in director Michael Hill’s interests in the company’s securities, following the issue of new fully paid ordinary shares. Hill, through his indirect holding vehicle Malolo Holdings Pty Ltd as trustee for the Malolo Holdings Trust, received 666,666 fully paid ordinary shares at $0.09 per share, issued in lieu of director fees as a share-based payment, increasing Malolo’s holding to 2,566,665 shares while his direct and other indirect holdings remain unchanged. The transaction underscores the company’s use of equity-based remuneration to compensate directors, marginally increasing Hill’s overall stake and further aligning his financial interests with those of other shareholders.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Director Increases Equity Stake Through Share-Based Fee Arrangement

Gratifii Limited has disclosed a change in director Patrina Kerr’s holdings, with her interests comprising both direct and indirect stakes in the company’s fully paid ordinary shares and various equity-based instruments. Kerr received 666,666 new fully paid ordinary shares at $0.09 per share, issued as a share-based payment in lieu of director fees following prior shareholder approval, increasing her direct shareholding and further aligning her remuneration with shareholder interests. This equity issuance reflects the company’s continued use of share-based compensation for directors, which may help conserve cash while more closely linking board remuneration to the company’s market performance.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Director Increases Equity Stake Through Share-Based Fee Payment

Gratifii Limited has disclosed a change in the interests of director Bryan Zekulich, covering both his direct and indirect holdings via several associated entities and family trusts. On 18 December 2025, Zekulich was issued 666,666 fully paid ordinary shares at $0.09 per share in lieu of director fees, increasing his equity-based remuneration and further aligning his interests with those of shareholders, while no securities were disposed of in the transaction.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Confirms Compliance as 2 Million New Shares Come Onto Market

Gratifii Limited has notified the market of the conversion of 1,999,998 fully paid ordinary shares, issued without a prospectus under the Corporations Act’s disclosure exemptions. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information, signalling a routine capital management step with no undisclosed issues flagged for existing or potential investors.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Plans Placement of Up to 4.17 Million New Shares

Gratifii Ltd, listed on the ASX under ticker GTI, has announced a proposed placement of up to 4,174,000 new fully paid ordinary shares. The securities are scheduled to be issued on 27 February 2026, signalling a move to raise additional equity capital, which may support the company’s funding needs and could result in dilution for existing shareholders depending on final pricing and allocation.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Plans Placement of Up to 12 Million New Shares

Gratifii Limited, listed on the ASX under the code GTI, has lodged a notice of a proposed issue of ordinary fully paid shares. The filing relates to a placement or other type of equity issue to be conducted on the Australian Securities Exchange.

The company plans to issue up to 12 million new ordinary fully paid shares, with a proposed issue date of 27 February 2026. This capital raising, once completed and quoted, will expand Gratifii’s share base and could provide additional funding flexibility for its operations and strategic initiatives, while modestly diluting existing shareholders’ holdings.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Plans Issue of 8.7 Million Options in New ASX Filing

Gratifii Ltd has lodged an Appendix 3B with the ASX outlining a proposed issue of new securities. The filing indicates the company plans to issue up to 8.7 million new three‑year options with a strike price of A$0.10 per option via a placement or other form of issue, with a proposed issue date of 27 February 2026. The move signals a potential capital-raising or incentive initiative that could, if exercised, increase the company’s equity base and dilute existing shareholders, while providing additional funding flexibility for future operational or strategic needs.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Plans Placement of Up to 50 Million New Shares

Gratifii Ltd, listed on the ASX under the code GTI, has announced a proposed placement of up to 50 million new ordinary fully paid shares. The securities are expected to be issued on 29 December 2025, expanding the company’s share base and providing additional capital, with the move formalised through an Appendix 3B filing to the exchange.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii to Acquire Mosh Digital and Future Pass Wallet in Push to Scale Loyalty Tech

Gratifii Limited is significantly expanding its digital capabilities through the planned acquisition of New Zealand digital agency Mosh Social Media Limited and a perpetual worldwide licence to the Future Pass digital wallet platform, alongside a successful $2.5 million capital raising. The Mosh deal, which includes cash, scrip and an earn-out, will add a creative-led Auckland-based agency with around NZ$2.8 million in FY25 revenue, proprietary social analytics tools and a blue-chip client roster, strengthening Gratifii’s digital marketing offering, recurring revenues and New Zealand presence. The Future Pass transaction, to be paid in Gratifii shares with additional deferred consideration linked to future fees, will bolster the company’s digital infrastructure stack with passwordless authentication, unified digital identity and smart wallet functionality, and brings contracts with major global clients FC Barcelona and Rakuten, positioning the combined group to serve more than 90 enterprise customers with more secure, scalable and integrated loyalty and engagement solutions.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Limited Initiates Trading Halt Ahead of Capital Raise Announcement

Gratifii Limited has requested a trading halt on its securities pending an important announcement regarding a material capital raise. The trading halt is expected to remain in place until December 22, 2025, or the release of the announcement, which may have implications for the company’s financial position and stakeholder value.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Ltd Announces Quotation of New Securities on ASX

Gratifii Ltd has announced the quotation of 1,999,998 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code GTI, effective December 17, 2025. This move is part of previously announced transactions and could potentially enhance the company’s liquidity and market presence, offering stakeholders an opportunity for increased investment and engagement.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Limited Announces Proposed Issue of Securities

Gratifii Limited has announced a proposed issue of 3,000,000 options with an exercise price of $0.17, maturing on June 1, 2028. This move is part of a placement or other type of issue, with the proposed issue date set for December 18, 2025. The announcement signifies Gratifii’s strategic financial maneuver to potentially raise capital, which could impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Ltd Announces Proposed Issue of Securities

Gratifii Ltd has announced a proposed issue of 1,999,998 fully paid ordinary securities, with the issue date set for December 16, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s financial structure and market positioning by increasing its capital base.

The most recent analyst rating on (AU:GTI) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Limited to Release Shares from Voluntary Escrow

Gratifii Limited announced the release of 1,559,759 ordinary shares from voluntary escrow, effective on 12 December 2025. This release, related to the acquisition of Rapport Group Limited, does not alter the company’s issued share capital, indicating a strategic move to enhance liquidity without affecting ownership structure.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Limited to Release Shares from Voluntary Escrow

Gratifii Limited announced the release of 1,559,759 ordinary shares from voluntary escrow, effective December 8, 2025. This release follows the acquisition of Rapport Group Limited and does not alter the company’s issued share capital, reflecting a strategic move to enhance liquidity without impacting shareholder value.

The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.

Gratifii Limited Secures Strong Shareholder Support at AGM

Gratifii Limited announced that all resolutions were passed at its Annual General Meeting, held on November 21, 2025. The resolutions included the adoption of the remuneration report, re-election of directors, and approval of share issuances, all of which were carried by a significant majority. This outcome reflects strong shareholder support and positions the company for continued growth and strategic alignment.

Gratifii Limited Reports Strategic Growth and Market Expansion at 2025 AGM

Gratifii Limited announced significant growth and strategic developments at its 2025 Annual General Meeting, highlighting its recent inclusion in the AFR Fast 100 list as a testament to its momentum. The company raised $15.3 million to support acquisitions and operational improvements, including the integration of Club Connect and Rapport NZ, which have expanded its market presence and capabilities. The loyalty and rewards market in Australia and New Zealand is projected to grow significantly, and Gratifii is poised to lead with its innovative solutions and strong executive team. The company also emphasized its commitment to data protection and maintaining high standards of information security.