JCURVE SOLUTIONS LTD — Interim / Quarterly Report 2022

Feb 22, 2022

ABN 63 088 257 729

9 Help St, Chatswood NSW 2067, Level 8, Australia https://www.jcurvesolutions.com/

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23 February 2022

Half Year Results 31 December 2021

Summary

• ü $6.7m of revenue for 1HY2022, a 37% increase on 1HY2021

• ü $1.0m of EBITDA for 1HY2022 a 186% increase on 1HY2021

• ü $0.4m net profit before tax and $0.1m net profit after tax for 1HY2022

• ü Strong cash balance of $4.5m at 31 December 2021

JCURVE SOLUTIONS LIMITED (ASX: JCS) (Jcurve), the business transformation technology company, is pleased to provide an update to the previously reported unaudited preliminary results for the Half Year ended 31 December 2021 which reflect the strong business performance of the Company over the reporting period.

The results for the half year to 31 December 2021 are shown below with comparisons to the previous corresponding period, being the half year ended 31 December 2020.

Results for announcement to the market	Half Year ended 31 December 2021 ($)	Half Year ended 31 December 2020 ($)	Percentage increase / decrease over previous corresponding period
Revenue	6,716,005	4,896,065	37% increase (*)
Profit/(Loss) before interest, taxation, depreciation and amortisation (EBITDA)	1,013,444	354,929	186% increase (*)
Net profit/(loss) before tax	416,547	(88,638)	(*) Increased from a loss
Net profit/(loss) after tax	118,500	(129,310)	(*) Increased from a loss
Profit/(Loss) from ordinary activities after tax attributable to members	118,500	(129,310)	(*) Increased from a loss
Net Profit/(loss) for the period attributable to members	118,500	(129,310)	(*) Increased from a loss

• improvement on comparative period

The results presented above are the audited financial results for the half year to 31 December 2021. They compare favourably to the unaudited preliminary results released on the 31 January 2022.

ABN 63 088 257 729 9 Help St, Chatswood NSW 2067, Level 8, Australia https://www.jcurvesolutions.com/

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Dividends

No dividends were paid during the half year period ended 31 December 2021 and the Board advises that at this stage while it continues investigating expansion opportunities it does not intend to declare a final dividend. The Board will consider reinstating the dividend policy in the future.

Net Tangible Assets / Earnings Per Share

	31 December 2021	31 December 2020
Net tangible assets per ordinary share for continuing operations	0.55 cents	0.55 cents
Basic earnings/(loss) per ordinary share for continuing operations	0.04 cents	(0.04 cents)

Entities over which control has been gained

On 9 July 2021, JCurve Solutions Asia Pte Ltd, a 100% owned subsidiary of Jcurve, purchased all of the business and assets of Rapid E-Suite Pte Ltd’s Thailand operations. Please refer to note 20 of the 31 December 2021 Half Year Report for further details on the contribution of the acquisition to the Half Year result.

Independent Auditor’s Review Report

The information outlined above is presented in accordance with ASX Listing Rule 4.2A and the Corporations Act 2001 ( Corporations Act ). The Appendix 4D is based on the reviewed Half Year Financial Report for the period ended 31 December 2021. The Independent Review Report is included in the Half Year Report.

Accounting Policies, Estimation Methods and Measurements

Estimation methods and measurement bases used in the Appendix 4D are the same as those used in the previous annual report and half-year report.

ABN 63 088 257 729

9 Help St, Chatswood NSW 2067, Level 8, Australia https://www.jcurvesolutions.com/

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Explanation of Result

Please refer to the Directors’ Report - Review of Operations included in the Half Year Report, for the explanation of the result for the half year period ended 31 December 2021.

Yours faithfully

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Mark Jobling Chairman

About Jcurve

Jcurve works collaboratively with ambitious organisations to drive growth through the effective use of technology. Serving as a trusted guide in an on-demand world, Jcurve helps build growing and resilient organisations to withstand market disruption.

From business management solutions and consulting services to field service management and digital marketing services – Jcurve is uniquely positioned to help organisations on their business transformation journey.

For more information, please visit www.jcurvesolutions.com.