Highlights

  • Yojee signs 17 MOSAIC customer agreements, including its first two in New Zealand.
  • Live customer numbers rise from two to five during the September quarter.
  • The company raises approximately AUD 10.5mn before costs.
  • Yojee targets initial MOSAIC billing in the December quarter.

Yojee (ASX:YOJ), a logistics software developer serving freight forwarders and transport providers, is moving MOSAIC from launch into daily freight operations. Its September 2026 update records a larger customer base, more live users and fresh funding, with the next commercial step focused on converting platform activity into billable jobs as implementation work and initial free periods conclude.

Customer Agreements Extend Beyond Australia

MOSAIC had 17 signed agreements at the report date, comprising 13 Ignition customers and four Everest Founding Partners. The customer base includes the first two New Zealand users, both joining on Ignition terms.

The four-customer founding cohort was completed in August. The Ignition program targets small and medium-sized freight forwarders and has capacity for up to 25 participants. Three Standard customers and two early adopters previously reported in August have migrated to Ignition contracts, rather than representing additional customers outside the stated total.

Live Freight Builds Towards Revenue

Following MOSAIC's commercial launch on 8 July 2026, customers processing live jobs increased from two in the June quarter to five in the September quarter. Adjusted job volumes rose 532% QoQ, although volumes remain modest as users ramp up.

The adjustment replaces one customer's unusually high weekly activity with its average for the rest of the quarter; the unadjusted increase was 894%. Internal testing is excluded. Initial billing is targeted for the December quarter as implementations finish and accounting integration is completed. The per-job model links revenue to billable freight activity.

TCMS Supplies Most Customer Receipts

Customer cash receipts rose 88% QoQ to AUD 0.160mn from AUD 0.085mn. The established transport carrier management system, TCMS, contributed the majority, while existing enterprise rollouts continued across more regions and sites.

Yojee appointed a senior international logistics sales executive to target small and medium-sized forwarders for MOSAIC and pursue TCMS opportunities. The role focuses on building a qualified pipeline and converting prospects. Customer feedback from early implementations is also informing product improvements and efforts to simplify onboarding.

Funding Supports the Commercial Rollout

Yojee raised approximately AUD 10.5mn before costs through a placement and share purchase plan, both priced at AUD 0.23 per share. Cash reached AUD 11.191mn at 30 September 2026, compared with AUD 3.440mn at June-end, with no debt.

Net operating cash outflow was AUD 0.784mn, including government grants and tax incentives received. Investing outflow was AUD 1.237mn, largely capitalised MOSAIC development, bringing combined operating and investing outflows to AUD 2.021mn. December-quarter priorities include sales, increased customer usage and billing. Implementation scheduling will account for peak Christmas freight activity and January leave, with pipeline preparation supporting new-year onboarding.

Proceeds support development of both products, customer onboarding and support, business development and working capital. Net financing inflows were AUD 9.756mn after the raising and associated costs, accounting for the increase in cash alongside operating and investing expenditure.