Datalex (DLE) Trading Update summary

Trading performance and financial highlights

• Gross profit surged 68% year-on-year to $6.4 million, with gross margin improving to 44% from 29% due to higher SaaS-based platform revenue and cost control.

• Revenue rose 9% to $14.5 million, driven by a 33% increase in platform revenue and expanding Stellex platform adoption.

• Adjusted EBITDA loss narrowed by 68% to $0.6 million, and FX adjusted EBITDA returned to positive territory at $0.1 million.

• Loss after tax improved 61% to $2.3 million, reflecting better operational performance and lower finance costs.

• Cash at 30 June 2025 was $3.4 million, with a €6 million debt facility process underway to support growth and working capital.

Strategic initiatives and product development

• Launched DLX Pay, a modular payments solution, with Air Transat as the first customer and go-live planned for later in 2025.

• Continued investment in AI-driven pricing capabilities, with enhancements planned for late 2025.

• Multiple customer go-lives and implementations for Stellex capabilities, including EasyJet, Aer Lingus, Edelweiss, Air China, and Air Macau.

• Focused on three strategic pillars: scaling operations, enhancing the Stellex platform, and expanding the Stellex+ modular suite.

Capital raise and funding

• Initiated process to secure a €6 million debt facility to accelerate investment in the core platform and product roadmap.

• Capital raise expected to close in August 2025, with strong ongoing support from major shareholders.

• Funds will be used for platform modernization, new product development, and strengthening working capital.