Highlights

  • Yojee lifted signed MOSAIC agreements to 17, comprising 13 Ignition customers and four Everest Founding Partners.
  • Customer receipts rose 88% to A$160,000 in the September 2026 quarter, with the TCMS platform contributing most.
  • Cash reached A$11.19 million at 30 September 2026 after Placement and share purchase plan proceeds of A$10.45 million.
  • Management targets initial MOSAIC billing in the December quarter once implementations and accounting integration are complete.

Yojee Limited (ASX:YOJ) is edging its MOSAIC freight forwarding platform towards first billing, reporting 17 signed customer agreements and five customers processing jobs in its September 2026 quarter update. The logistics software company enters the December quarter with A$11.19 million in cash and no debt, following an oversubscribed Capital raising and a loss-making FY26.

MOSAIC Customer Base Expands Beyond Launch Partners

MOSAIC, commercially launched on 8 July 2026, is Yojee's workflow-first freight forwarding platform and sits alongside TCMS, its established system for managing contracted land transport networks. Signed MOSAIC agreements rose to 17 from 12 in August, and the earlier Standard and early-adopter customers have migrated to Ignition contracts. The first two New Zealand customers have also signed on Ignition terms.

Five customers processed jobs during the September quarter, up from two in the June quarter, and adjusted Job Volume rose 532%. The adjusted figure excludes one customer's unusually high volume in early September. No MOSAIC Revenue has yet been recognised.

Quarterly Cash Flow Follows a Loss-Making FY26

Customer receipts rose 88% to A$160,000 in the quarter, with TCMS contributing most of the total. Net operating cash outflow was A$784,000, which included a A$216,000 R&D tax incentive refund, while A$1.22 million was spent on capitalised MOSAIC development. Cash at 30 September 2026 stood at A$11.19 million. The company estimated it had about 14 quarters of funding available at the quarter's operating cash outflow rate.

The quarter followed FY26, the year to 30 June 2026, in which revenue from contracts with customers fell 8.6% to A$527,525 and the net loss after tax widened 37% to A$8.22 million. The company attributed the larger loss mainly to share-based payments and one-off costs tied to Smart Yojee, a joint venture that licenses customs technology to MOSAIC, both largely non-cash.

Raising Completed and AGM Resolutions Carried

Yojee raised A$7.0 million through an oversubscribed placement and about A$3.45 million through a share purchase plan, both at A$0.23 per share, exceeding the original target of up to A$9 million. Funds are earmarked for MOSAIC development and rollout, onboarding capacity, TCMS Business development and working capital.

All six resolutions, including the remuneration report and the election of director Frank Guerra, were carried at the Annual General Meeting on 27 October 2026. The company has also appointed a senior international logistics sales executive to target small-to-medium freight forwarders and TCMS opportunities.

December Quarter Focus Turns to Billing

Initial MOSAIC billing is targeted for the December quarter, once implementations are complete and accounting integration is finalised, with usage charged per job from each customer's agreed billing date. Management's stated priorities are building the sales pipeline, bringing more customers onto MOSAIC, expanding use within existing customers and starting commercial billing. Yojee has not issued numerical guidance.

The company has cautioned that implementations are likely to slow in December and January as forwarders handle peak volumes, and it plans to prepare onboarding for the new year. Shares were priced at A$0.195 on 2 November 2026, down 2.5% on the day, with a Market Capitalisation of A$82.96 million.