Highlights

  • Gratifii signed a binding three-year agreement with Qantas, its first ASX 100 client, and went live in October.
  • Customer receipts eased 16.5% to A$11.6 million in the Sep-2026 quarter after a major programme ended in May.
  • Net operating cash outflow improved 59% to A$0.9 million, while product and operating costs fell 29%.
  • The company completed the Mosh Acquisition and a A$5 million Marketplacer convertible note Investment in July 2026.

Gratifii (ASX:GTI) has moved its Connect+ Marketplace into the enterprise tier, signing a binding three-year agreement with Qantas and going live with Qantas Frequent Flyer members in October 2026. The deal, announced on 20 October, is the rewards technology company's first contract with an ASX 100 client and its first major client outside the automotive groups.

The Qantas launch arrived alongside a September quarter in which the company reduced its cash burn but also recorded lower customer receipts, a combination management linked to a seasonally quiet period and the end of a large programme.

Qantas Launch Leads a Run of New Partners

Movies and experiences are now available to Qantas Frequent Flyer members through a single connection, with members able to earn or use Qantas Points, and early sales have been recorded. The integration moved from signing to launch in about eight weeks, with Qantas planning a Christmas campaign to its members from mid-November.

Other agreements followed. Blackhawk Network gained direct API access to Gratifii's cinema ticketing network of 199 locations across 18 chains in September. After the quarter, the company began a six-month proof of concept with Woolworths MarketPlus, extended its EML Payments contract to add more than 80 retail gift cards and signed Seniors Victoria. RAC WA has signed a non-binding term sheet to move onto Connect+ Marketplace.

Receipts Dip as Cost Control Tightens

Customer receipts for the Sep-2026 quarter were A$11.6 million, down 16.5% on the June quarter, after a major programme ceased at the end of May 2026. Product and operating costs fell 29% to A$9.7 million, and the net operating cash outflow narrowed to A$0.9 million from A$2.2 million.

Staff costs rose to A$1.6 million, reflecting the consolidation of Mosh, a larger commercial team and one-off integration consulting. Cash stood at A$2.3 million at 30 September 2026, net of a A$0.6 million drawn bank overdraft, compared with A$3.3 million at 30 June. Tranche 2 Placement proceeds of A$5.8 million funded the A$5 million Marketplacer convertible note and the Mosh consideration.

December Quarter Seen as Seasonal Peak

Gratifii has not issued formal financial guidance and noted that the financial impact of the Qantas, Woolworths and Seniors Victoria arrangements cannot yet be reliably quantified because Revenue depends on transaction volumes. Management expects the December quarter, supported by Black Friday and Christmas gifting, to be its strongest.

Stated milestones include the Woolworths MarketPlus launch targeted for mid-November, an RAC WA go-live targeted before the end of calendar 2026, and five further enterprise opportunities in the pipeline, two of which are expected to close in November. Completion of the planned Simplicity acquisition is targeted for the March 2027 quarter.

Rod Walker joined the board as an independent non-executive director on 1 October 2026, when Patrina Kerr retired. Shares were priced at A$0.022 on 2 November 2026, down 8.33% on the day, giving a Market Capitalisation of A$15.18 million.