EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF
PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSS FOR THE
SIX MONTHS ENDED DECEMBER 31, 2024 AND NINE MONTHS ENDED MARCH 31, 2025

 

   Six months
ended
   Nine months
ended

 

December 31,
2024

(AUD $)

  

March 31,
2025

(AUD $)

 
Revenue         
Revenue from Program Fees   502,779    1,288,802 
Less: Contractual payments to gyms   (279,426)   (754,000)
Net Revenue from Program Fees   223,353    534,802 
           
Subscription Revenue   21,602    44,528 
Transaction Revenue   39,094    52,283 
Other Income   17,035    280,349 
Total Revenue   301,084    911,962 
           
Expenses          
           
Program Expenses   77,780    78,431 
Employee salaries and benefits   3,088,033    4,524,432 
Share Based Payments   1,407,942    2,113,151 
Advertising fees   145,768    321,260 
Professional fees   1,332,416    2,500,507 
Rent   7,925    8,335 
IT costs   185,982    281,010 
Depreciation and amortization   252,909    395,076 
Net foreign exchange gain   (122,250)   (137,507)
Finance costs   46,215    194,326 
Other expenses   1,735,458    2,056,071 
 Fair Value movement in derivative liability   -    - 
Total Expenses   8,158,177    12,335,092 
           
Loss before income tax expense   (7,857,094)   (11,423,130)
Income tax expense   -    - 
           
Loss after income tax expense for the period   (7,857,094)   (11,423,130)
           
Other comprehensive loss, net of tax   (79,593)   (104,475)
           
Total comprehensive loss for the period   (7,936,687)   (11,527,605)

 

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UNAUDITED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2024 AND MARCH 31, 2025

 

  

December 31,
2024

(AUD $)

  

March 31,
2025

(AUD $)

 
Current Assets          
Cash and cash equivalents   1,097,758    73,192 
Trade and other receivables   26,301    666,998 
Other assets   9,298    - 
Total current assets   1,133,357    740,190 

Non-current assets

          
Property, Plant and Equipment   68,443    63,211 
Right-of-use asset   150,777    124,169 
Intangible assets and goodwill   4,923,690    4,813,415 
Other Assets   65,109    65,109 
Total non-current assets   5,208,019    5,065,904 
Total assets   6,341,376    5,806,094 

Current liabilities

          
Trade and other payables   1,965,764    3,653,341 
Current Deferred Consideration   1,318,590    1,382,336 
Unearned revenue   2,702    43,750 
Current Employee Entitlements   525,060    459,675 
Current Lease Liability   135,649    110,109 
Total current liabilities   3,947,765    5,649,211 

Non-current liabilities

          
Non-current Deferred Consideration   1,545,901    1,618,050 
Non-current Employee Entitlements   66,523    68,999 
Non-current Lease Liability   19,167    19,167 
Total non-current liabilities   1,631,591    1,706,216 
Total liabilities   5,579,356    7,355,427 
Net assets/(liabilities)   762,020    (1,549,333)

Equity

          
Issued Capital   51,547,746    52,155,342 
Share-based payment reserve   7,106,721    7,778,690 
Unlisted options reserve   2,741,457    2,741,457 
Foreign currency translation reserve   (166,136)   (191,017)
Accumulated losses   (60,467,768)   (64,033,805)
Total equity/(deficit)   762,020    (1,549,333)

 

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