Auction Technology Group (ATG) Trading Update summary

Strategic and operational highlights

• Progress made on strategic initiatives, including increased adoption of value-added services and rollout of the atgXL cross-listing product.

• GMV showed improved momentum in H2 FY24, though remains slightly negative year-over-year due to ongoing market headwinds.

Financial performance

• Full year revenue expected at $174m, up 5% (2% organic growth); marketplace revenue up 7% (3% organic).

• Adjusted EBITDA margin anticipated between 45% and 46% for the full year, reflecting improved cost performance.

• Adjusted net debt to adjusted EBITDA ratio expected at 1.5x at year end, supported by strong cash generation.

Outlook and upcoming events

• Full year results scheduled for release on 27 November 2024.

• Forward-looking statements caution that actual results may differ due to risks and uncertainties.