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Gratifii Ltd
(Sydney:GTI)
Gratifii Ltd (GTI) vs. iShares MSCI Australia ETF (EWA)
Gratifii Ltd Business Overview & Revenue Model
Gratifii Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.73M | 54.45M | 29.84M | 29.93M | 11.17M | 3.08M |
| Gross Profit | 3.28M | 6.69M | 4.47M | 5.05M | 2.63M | 2.06M |
| EBITDA | -3.99M | -4.57M | -7.68M | -2.00M | -1.01M | 783.48K |
| Net Income | -9.13M | -10.95M | -10.52M | -3.81M | -2.43M | 59.28K |
Balance Sheet | ||||||
| Total Assets | 24.25M | 20.90M | 13.73M | 19.26M | 13.58M | 9.42M |
| Cash, Cash Equivalents and Short-Term Investments | 6.07M | 2.83M | 324.11K | 1.69M | 2.07M | 2.33M |
| Total Debt | 1.85M | 910.52K | 2.75M | 1.83M | 3.41M | 4.59M |
| Total Liabilities | 16.47M | 13.91M | 12.27M | 11.15M | 8.08M | 8.10M |
| Stockholders Equity | 7.78M | 6.99M | 1.46M | 8.11M | 5.50M | 1.31M |
Cash Flow | ||||||
| Free Cash Flow | -2.21M | -4.88M | -3.53M | -2.58M | 176.14K | -2.88M |
| Operating Cash Flow | -2.19M | -4.85M | -653.47K | 450.77K | 176.14K | -537.16K |
| Investing Cash Flow | -826.29K | -3.11M | -2.88M | -4.89M | -4.83M | -3.58M |
| Financing Cash Flow | -2.07M | 10.47M | 2.13M | 4.06M | 4.50M | 6.18M |
Gratifii Ltd Technical Analysis
Gratifii Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | AU$21.37M | -3.90 | -27.05% | ― | -3.43% | -40.65% | |
43 Neutral | AU$19.81M | -13.76 | 46.05% | ― | 7.32% | 67.11% | |
42 Neutral | AU$26.07M | -3.44 | -123.67% | ― | 82.46% | 58.45% | |
41 Neutral | AU$35.82M | -3.17 | -151.85% | ― | 21.82% | 6.83% | |
39 Underperform | AU$7.46M | -0.46 | 783.67% | ― | -4.90% | -52.78% |
Gratifii Ltd Corporate Events
Gratifii Ltd has notified the market of a change to its issued capital, following the expiry of a tranche of options listed under the ASX code GTIAH. These options, exercisable at $0.30 and expiring on 11 March 2026, lapsed without being exercised, resulting in the cessation of 385,170 securities.
The cessation of these options slightly reduces Gratifii’s pool of potential dilutive securities on issue, simplifying its capital structure for existing shareholders. While the event is largely administrative, it may marginally affect future dilution scenarios and signals that holders chose not to convert at the specified exercise price.
The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.
Gratifii reported a 22% rise in first-half FY26 revenue to $29.35 million, driven mainly by a full-period contribution from its Club Connect and Rapport acquisitions and stronger rewards activity. Total Transaction Value jumped 45% to $35 million, while gross profit was flat at $3.29 million and underlying EBITDA loss widened slightly to $1.26 million due to higher-than-expected integration costs, though statutory EBITDA improved and the period loss narrowed.
Operationally, the company has completed the integration of Club Connect and Rapport, migrated all auto clubs and other clients onto its Gratifii Connect platform, and renewed several key loyalty contracts, including Mitsubishi Hong Kong, BNZ Rewards, and long-standing Australian clients. Management says these moves, alongside cost rationalisation and productivity gains, have strengthened its position in the loyalty and rewards market and are intended to accelerate progress toward sustainable profitability, supported by a stronger pipeline and growing share of wallet from existing customers.
The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.
Gratifii reported a 22% rise in revenue to $29.3 million for the half-year to 31 December 2025, driven by the full-period contribution from Club Connect and Rapport despite weaker Loyalty Services from macroeconomic pressures and program closures. Total transaction value climbed 45% to $35 million, while the net loss before tax narrowed to $2.1 million and EBITDA losses improved, though underlying EBITDA loss widened slightly due to higher technology and people costs linked to integration and platform migration, including shifting rewards customers onto the Club Connect platform.
The company booked no new transaction costs in the period after incurring $276,000 in acquisition-related expenses in the prior year, and share-based payment expenses fell sharply compared with the previous half. Net tangible assets per security remained negative at $-0.017, no dividends were declared, and Gratifii neither gained nor lost control of entities, underscoring an ongoing focus on integrating acquisitions and improving operating performance rather than capital returns.
The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.
Gratifii Limited has reported strong early progress in its strategic partnership with online marketplace platform Marketplacer, with key clients and member organisations expressing enthusiasm for enhanced loyalty and rewards capabilities. The alliance is expected to broaden Gratifii’s digital engagement offering, deepen strategic alignment in the loyalty sector, and create new cross-selling and partnership opportunities.
The company is also advancing the acquisitions of Mosh Social Media and FuturePass, both profitable, high-margin businesses that have received shareholder approval and are now subject only to final agreements. Management expects these deals to accelerate its technology roadmap, extend its geographic reach, support industry consolidation and, together with the Marketplacer partnership, underpin a shift into new loyalty verticals with improved revenue quality and margins.
To capture anticipated synergies, Gratifii will undertake an operational restructure, establishing a dedicated project management office to oversee integration, streamline overheads and reduce technology fragmentation. Although RACV has given notice to terminate its member benefits contract, which contributed $8.2 million of low-margin revenue in 1H FY26, the company expects to offset the impact through cost savings and growth from the new strategic initiatives, supporting sustainable long-term growth.
The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.
Gratifii Limited has secured strong shareholder backing at its Extraordinary General Meeting, with all resolutions passed by poll. The support underscores investor confidence in the company’s capital management and growth initiatives in the rewards and incentives technology sector.
Shareholders ratified a prior capital raise and approved the proposed issue of Mosh Shares, Future Pass Shares and Lead Manager Options, each carried with overwhelming majorities. The outcomes clear the way for Gratifii to proceed with its planned equity issuances and associated transactions, potentially strengthening its balance sheet and funding capacity for future expansion.
The most recent analyst rating on (AU:GTI) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Gratifii Ltd stock, see the AU:GTI Stock Forecast page.
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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.