JAYRIDE GROUP LIMITED — Interim / Quarterly Report 2026

Apr 30, 2026

JAYRIDE

ASX ANNOUNCEMENT

JAYRIDE Group Limited (ASX: JAY)
30 April 2026

Quarterly Commentary – March 2026 (Q3 FY25–26)

JAYRIDE Group Limited (“JAYRIDE”, ASX: JAY) (Jayride or the Company) during the quarter ended 31 March 2026 has continued to execute on its transformation from an airport-transfer aggregator into a scalable Mobility-as-a-Service (MaaS) and SaaS mobility platform. The Company made meaningful progress across capital management, technology delivery, and regional partnerships during the quarter.

OPERATIONAL AND STRATEGIC PROGRESS

Jayride advanced the rollout of its SaaS mobility platform across Australia, New Zealand, the Pacific, and Southeast Asia, enabling transport operators and enterprise clients to deploy white-label booking, payments, and fleet-management modules.

At the same time, the Company continues to operate its aggregator marketplace within refined, high-margin corridors, focusing on profitable segments and maintaining strict credit and partner-exposure controls to ensure the aggregator model remains complementary to the expanding SaaS licensing business. The Company will conduct its next round of fundraising to continue its platform development and improvements while sustaining operations.

Strategic Alliance with Xoomplay

During the Quarter, the Company announced they did not progress further to a final, binding commercial arrangement and resulted in no monetisation with the parties ceasing further discussions.

FINANCIAL PERFORMANCE

Operating cash outflows were limited to $322,000 for the quarter showing the continued efforts of the Company to reduce its operating expenditure. Jayride closed the period with $15,000 in cash at bank.

In accordance with Listing Rule 4.7C, there were no payments made to related parties and their associated during the quarter – this is contained in items 6.1 of the Appendix 4C, which include payments for remuneration of executive directors and non-executive director fees in the normal course of business at commercial rates, excluding reimbursements of out-of-pocket expenses. The Board continues to focus on prudent management of available capital, which has resulted in a material reduction in cash expenditure, with further cost-optimisation strategies expected to be implemented over future periods.

Q4 FY25-27 OUTLOOK

JAYRIDE enters the next calendar quarter with a new and improved SaaS platform, streamlined cost base, and expanding commercial pipeline. The Board remains confident that the Company’s hybrid model combining recurring-revenue SaaS contracts with a disciplined aggregator footprint positions Jayride to deliver scalable growth, improved margins, and sustainable long-term shareholder value. The company will implement a stable creditor repayment plan to address the outstanding transportation partner obligations.

The recapitalisation of the Company forms a central component of Jayride’s reinstatement to quotation process, allowing for a significantly strengthened balance sheet, providing growth capital for platform development, creditor management, and market expansion. The Company continues to work closely with its auditor, RSM, and the ASX to progress the steps required for re-quotation to trading.

JAYRIDE Group Limited (ASX: JAY)
ACN: 155 285 528
JAYRIDE.com

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JAYRIDE

Authorised for release by the Board of Directors

JAYRIDE Group Limited

For more information, please contact:

Investor Relations: investor@JAYRIDE.com

Media: media@JAYRIDE.com

Website: www.JAYRIDE.com

2

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Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity
Jayride Group Limited

ABN	Quarter ended (“current quarter”)
49 155 285 528	31 March 2026
Consolidated statement of cash flows
---	---
1.	Cash flows from operating activities
1.1	Receipts from customers
1.2	Payments for
	(a) research and development
	(b) product manufacturing and operating costs
	(c) advertising and marketing
	(d) leased assets
	(e) staff costs
	(f) administration and corporate costs
1.3	Dividends received (see note 3)
1.4	Interest received
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7	Government grants and tax incentives
1.8	Other
1.9	Net cash from / (used in) operating activities

ASX Listing Rules Appendix 4C (17/07/20)

• See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows		Current quarter $A'000	Year to date (9 months) $A'000
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a) entities	-	-
	(b) businesses	-	-
	(c) property, plant and equipment	-	(1)
	(d) investments	-	-
	(e) intellectual property	-	-
	(f) other non-current assets	-	-
2.2	Proceeds from disposal of:
	(a) entities	-	-
	(b) businesses	-	-
	(c) property, plant and equipment	-	-
	(d) investments	-	-
	(e) intellectual property	-	-
	(f) other non-current assets	-	-
2.3	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investing activities	-	(1)
3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities (excluding convertible debt securities)	-	935
3.2	Proceeds from issue of convertible debt securities	-	-
3.3	Proceeds from exercise of options	-	-
3.4	Transaction costs related to issues of equity securities or convertible debt securities	-	(44)
3.5	Proceeds from borrowings	-	50
3.6	Repayment of borrowings	-	-
3.7	Transaction costs related to loans and borrowings	-	-
3.8	Dividends paid	-	-
3.9	Other – (provide details if material)	-	-
3.10	Net cash from / (used in) financing activities	-	941

ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows		Current quarter $A'000	Year to date (9 months) $A'000
4.	Net increase / (decrease) in cash and cash equivalents for the period
4.1	Cash and cash equivalents at beginning of period	330	565
4.2	Net cash from / (used in) operating activities (item 1.9 above)	(322)	(1,618)
4.3	Net cash from / (used in) investing activities (item 2.6 above)	-	(1)
4.4	Net cash from / (used in) financing activities (item 3.10 above)	-	941
4.5	Effect of movement in exchange rates on cash held	7	128
4.6	Cash and cash equivalents at end of period	15	15
5.	Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A'000	Previous quarter $A'000
---	---	---	---
5.1	Bank balances	15	330
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of quarter (should equal item 4.6 above)	15	330
6.	Payments to related parties of the entity and their associates	Current quarter $A'000
---	---	---
6.1	Aggregate amount of payments to related parties and their associates included in item 1	-
6.2	Aggregate amount of payments to related parties and their associates included in item 2
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

In accordance with Listing Rule 4.7C, payments made to related parties and their associates included in items 6.1 of the Appendix 4C includes compensation and director fee related payments in the normal course of business at commercial rates, excluding reimbursements of out-of-pocket expenses.

ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B

| 7. | Financing facilities
Note: the term “facility” includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity. | Total facility amount at quarter end $A'000 | Amount drawn at quarter end $A'000 |
| --- | --- | --- | --- |
| 7.1 | Loan facilities | - | - |
| 7.2 | Credit standby arrangements | - | - |
| 7.3 | Other (please specify) | - | - |
| 7.4 | Total financing facilities | - | - |
| 7.5 | Unused financing facilities available at quarter end | | - |
| 7.6 | Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. | | |
| | N/A | | |
| 8. | Estimated cash available for future operating activities | $A'000 |
| --- | --- | --- |
| 8.1 | Net cash from / (used in) operating activities (item 1.9) | (322) |
| 8.2 | Cash and cash equivalents at quarter end (item 4.6) | 15 |
| 8.3 | Unused finance facilities available at quarter end (item 7.5) | - |
| 8.4 | Total available funding (item 8.2 + item 8.3) | 15 |
| 8.5 | Estimated quarters of funding available (item 8.4 divided by item 8.1) | 0.05 |
| | Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5. | |
| 8.6 | If item 8.5 is less than 2 quarters, please provide answers to the following questions:
8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? | |
| | Answer:
Jayride does not expect to have the same level of net operating cash flows in the near future. The Company notes that :
a) Jayride is launching a new SaaS based platform that will create entirely new revenue streams for the Company beyond its legacy aggregator model;
b) Management expects that as the SaaS platform rolls out and payments to transport provider creditors return closer to an ordinary basis, suppliers will increase the use of the platform (legacy and SaaS) which will restore the booking volumes and thus cash receipts;
c) The Company is continuing to reduce operating costs wherever possible. | |

ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B

8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer:
The Company is taking steps towards raising further cash to fund its operations. Potential structures being considered include non-dilutive or limited dilution options such as debt and convertible notes, as well as equity capital raisings. The Company considers that raising capital will be successful having regard to the Company's prior success in raising capital when required to fund its business operations.

8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer:
The Company does expect to be able to continue its operations and to meet its business objectives and refers to its responses above in this regard.

Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

Compliance statement

1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2. This statement gives a true and fair view of the matters disclosed.

Date: 30 April 2026

Authorised by: The Board
(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board". If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [name of board committee – eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles

ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C
Quarterly cash flow report for entities subject to Listing Rule 4.7B

and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 4C (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.