Tracx Logis (TRCX) investor relations material

Company overview and business model

• Technology-enabled, asset-light cross-border logistics operator with e-Commerce Logistics and Enterprise Logistics businesses; partner network and open APIs support expansion with limited capital investment.

• TLPS integrates shipping, fulfillment, warehouse, inventory and delivery management; Smart Cargo serves freight forwarding, with AI tools including Smart AI Studio and tFit for online sellers.

• Network at June 30, 2026: 4 fulfillment centers, 6 delivery processing centers, 36 key cross-border routes and ~68,977 sq. m. of storage capacity across 5 Asian countries and regions.

• Enterprise Logistics serves manufacturers and large shippers, including Samsung, LG and Coway; Tmarkets Enabler relaunched in early 2026, while inventory product sales are being wound down.

Financial performance and metrics

• FY2025 revenue S$167.1m vs S$294.1m in FY2024; net loss S$1.7m vs S$52.3m, with restructuring reducing selling and administrative expenses 59.6% YoY.

• H1 2026 revenue S$85.5m vs S$82.8m H1 2025; net loss widened to S$47.3m from S$19.2m, while Adjusted EBITDA loss narrowed to S$1.5m from S$3.8m.

• H1 2026 service revenue: e-Commerce Logistics S$21.5m vs S$20.1m; Enterprise Logistics S$63.4m vs S$60.9m. Parcels shipped 6.5m vs 6.3m.

• Cash and cash equivalents S$5.7m at June 30, 2026 vs S$12.3m at Dec. 31, 2025; operating cash use was S$6.4m in H1 2026 and S$20.7m in FY2025.

• All outstanding convertible notes and accrued interest converted into 11,819,032 ordinary shares on Sept. 4, 2026 at $15 per share; H1 2026 reported net loss remained S$47.3m.

Use of proceeds and capital allocation

• Estimated net proceeds of $16.4m at an assumed $20 IPO price; ~$19.1m if the 150,000-share over-allotment option is fully exercised.

• Allocate ~10% to platform expansion and technology, ~10% to routine fulfillment-center maintenance capex, and ~40% to working capital, including ~25% of that allocation for trade payables.

• Remaining proceeds for general corporate purposes, potentially strategic investments or acquisitions; no specific opportunities identified. Management retains discretion to change allocations if conditions change.

• Trade-payables allocation will not cover all June 30, 2026 current liabilities; remaining balances are expected to be met with operating cash, collections, future credit facilities or negotiated payment terms.