Highlights

  • Yojee (ASX:YOJ) commercially launched its Mosaic freight-forwarding and customs platform in July 2026.
  • The company has secured early Mosaic customers alongside a TCMS contract with HAVI Freight Management.
  • Fresh Capital is being directed toward product development, commercialisation and Business development.
  • Customer growth, Revenue conversion and cash burn remain the main areas to monitor through FY27.

Yojee (ASX:YOJ) has spent 2026 trying to prove that its pivot into freight-forwarding and transport-management software has real commercial potential. After launching its new Mosaic platform commercially in July, signing its first paying customers, and following up with an oversubscribed capital raise in August, the logistics-technology company is entering a fresh phase of commercial execution.

The question now is whether Mosaic and its companion transport management system, TCMS, can generate enough customer momentum to justify the additional capital deployed to fund the next stage of growth.

What Has Happened?

Yojee's commercial calendar accelerated through the first half of 2026.

The company signed a TCMS contract with HAVI Freight Management in February, completed a Beta program for its Mosaic freight-forwarding and customs platform later that month, announced its first commercial Mosaic customer in April, and confirmed a second Mosaic customer ahead of full commercial release in June.

Mosaic then launched commercially on 8 July 2026.

On 30 July 2026, Yojee requested a Trading halt ahead of a capital-raising announcement. On 3 August 2026, the company confirmed an oversubscribed institutional Placement raising $7 million, alongside a share purchase plan targeting up to a further $2 million from eligible shareholders.

Placement shares were issued on 11 August 2026, the SPP closed on 20 August 2026, and SPP shares were issued on 26 August 2026.

The company also provided a Mosaic sales update on 20 August 2026, keeping attention on how quickly the platform can move from launch into a repeatable commercial sales cycle.

Understanding the Business

Yojee (ASX:YOJ) provides software for the logistics and freight industry, historically focused on transport management and driver and fleet coordination.

Its newer Mosaic platform targets freight forwarders and customs brokers, digitising the paperwork-heavy and often manual processes involved in international freight forwarding and customs clearance.

TCMS addresses transport management more broadly for logistics operators.

The strategic logic is that freight forwarding and customs remain relatively under-digitised compared with other parts of the logistics chain, creating an opening for specialist software platforms to replace spreadsheets, email-driven workflows and legacy systems.

Yojee's opportunity therefore depends not only on product capability, but also on convincing logistics operators that migrating to a modern platform can improve efficiency, visibility and Customer Service without introducing excessive implementation complexity.

Financial and Operational Picture

For FY2025, the year ended 30 June 2025, Yojee reported revenue of approximately $0.58 million against a net loss of around $6.0 million, with cash and short-term investments of about $3.68 million at that balance date.

Those figures reflect a company still in an early and loss-making stage of commercialising new products rather than one with an established revenue base.

The August 2026 capital raise was explicitly earmarked for development, commercialisation, business development, team expansion and general Working Capital to support the Mosaic and TCMS rollouts.

That funding gives Yojee additional resources to pursue customer growth, but it also increases the importance of demonstrating measurable commercial progress.

The next stage of the story therefore rests on how efficiently capital can be converted into customer wins, Recurring Revenue and a more sustainable operating model.

Why This Matters

The sequence of customer signings through the first half of 2026 — the HAVI Freight Management TCMS deal, the successful Mosaic beta program and the first two commercial Mosaic customers — suggests Yojee has found at least some early product-market fit for its newer platforms after a period of limited commercial traction.

The oversubscribed capital raise also indicates there was investor willingness to fund the next stage of the strategy.

At the same time, the scale of fresh funding relative to Yojee's existing revenue base means shareholders are still being asked to back a commercial ramp that remains largely unproven.

The more important question is therefore not whether Mosaic can win individual customers, but whether Yojee can develop a repeatable sales process that produces enough recurring revenue to support its cost base.

Industry Opportunity

Global freight forwarding and customs brokerage remains a large and fragmented industry where many operators still depend on manual, paper-based and email-driven processes to manage shipments and regulatory documentation.

Digitisation pressure is increasing as customers Demand better shipment visibility, faster communication and more efficient documentation, while regulators continue to move toward standardised electronic processes.

That creates an opportunity for platforms capable of simplifying complex freight workflows.

Mosaic is designed to address this gap by giving freight forwarders and customs Brokers a more integrated operating platform.

However, Yojee competes against larger logistics-software incumbents and well-funded international freight-tech businesses, meaning commercial differentiation will depend on product quality, implementation speed and customer retention rather than market growth alone.

Potential Catalysts

Additional Mosaic and TCMS customer signings beyond the initial cohort would be the clearest evidence that the commercial launch is developing into a repeatable sales model.

Expansion of the HAVI Freight Management relationship, or contracts with similarly scaled logistics operators, would provide further validation.

Future quarterly updates on customer numbers, recurring revenue and implementation progress will also be important.

Evidence that newly raised capital is supporting commercial growth without a disproportionate increase in operating costs would strengthen the financial case for the strategy.

Broader adoption of Mosaic across freight forwarders and customs brokers would also help demonstrate that the platform can scale beyond its early customers.

Risks Investors Should Consider

Yojee remains a small, loss-making company with a limited revenue base relative to its cost structure.

The recent capital raise provides additional funding but also creates dilution for existing shareholders.

Execution risk remains significant because early customer wins do not guarantee broader adoption or a self-sustaining revenue base.

The logistics-software market is competitive, and larger vendors may have deeper product suites, established customer relationships and greater sales resources.

Further capital could also be required if commercial traction develops more slowly than expected or if customer onboarding takes longer and costs more than planned.

What to Watch Next

Future quarterly cash-flow reports will be important for assessing post-raise cash burn and whether commercialisation spending is translating into additional customer wins.

Investors should also monitor updates on Mosaic and TCMS sales, customer retention and revenue contribution from recently signed accounts.

Any expansion of the HAVI relationship or further wins with freight-forwarding and logistics customers would provide useful evidence that Yojee's commercial model can scale.

Ultimately, sustained customer growth and a clearer pathway from product adoption to recurring revenue will determine whether Mosaic can become the foundation of a larger logistics-software business.