TradeWindow completes $1 million placement

MARKET RELEASE
24 September 2025

TradeWindow completes $1 million placement
TradeWindow (NZX: TWL), a global trade software company, today announces it has raised $1.03
million in new equity via a placement to strengthen the company’s balance sheet.
The company is to issue 5,438,196 new ordinary shares to existing and new wholesale investors on 24
September 2025 at $0.19 per share, a 9% discount to the volume weighted average price of the shares
traded on the NZX over the past 90 days.
As announced on 15 September 2025, TradeWindow is pursuing a foreign exempt listing on the ASX
to increase its profile in a larger and more liquid capital market across the Tasman.
TradeWindow CEO AJ Smith said: “We are delighted with the support we have received from existing
investors and the new investors we have welcomed to the share register. The new capital supports
our dual listing; a move we expect to open the door to a broader pool of institutional and retail
investors familiar with our technology and the international opportunities we enjoy.
“Our confidence in our future is strong. Since we began commercialising our products in 2020, we
have grown revenue by a compound annual rate of 118%
1
. We remain confident of maintaining that
strong record of growth, with revenue for the year to 31 March 2026 (FY 26) expected to range
between $10 million and $11 million, representing growth of 25% to 37.5% on FY 25.”
Mr Smith reiterated guidance given at the company’s Annual Shareholders’ Meeting on 22 August
2025, that TradeWindow expects to achieve EBITDA breakeven for FY 26
2
. TradeWindow will provide
an update to trading for the three months and half year to the end of September 2025 (Q2 26 and 1H
26) in October.
Released for and on behalf of TradeWindow by CEO AJ Smith
For further information:
Investors Media
Andrew Balgarnie Richard Inder
TradeWindow The Project
+64 27 559 4133 +64 21 645 643


About TradeWindow:
Founded in December 2018, TradeWindow is an NZX-listed software company that provides digital solutions for exporters, importers, freight
forwarders, and customs brokers to drive productivity, increase connectivity, and enhance visibility. TradeWindow’s software solutions
integrate to form a cohesive digital trade platform that enables customers to more efficiently run their back-end operations, share
information and securely collaborate with a global supply chain made up of customers, ports, terminals, shipping lines, banks, insurance
companies, and government authorities. www.tradewindow.io

1
CAGR period FY20 - F Y2 5
2
Th is forwa rd-lo o kin g s tatement s hould be read in conjunction with the ass umptions detailed in TradeWindow’s
pres entation to its Annual Shareholders ’ Meeting released to the NZX on 22 Au g ust 2025.

---

Notice Pursuant to Clause 20(1)(a) of Schedule 8 to the
Financial Markets Conduct Regulations 2014
Auckland, NZ – 24 September 2025
Trade Window Holdings Ltd (NZX: TWL) ("TradeWindow") today announces that it has
raised $1.03 million in new equity via a private placement to existing and new
wholesale investors ("Placement").
TradeWindow has agreed to issue 5,438,196 new ordinary shares at a price of $0.19
per share under the Placement.
The Placement is made in reliance upon the exclusion in clause 19 of schedule 1 to
the Financial Markets Conduct Act 2013 ("Act").
This notice is provided under subclause 20(1)(a) of schedule 8 to the Financial
Markets Conduct Regulations 2014 ("Regulations").
As at the date of this notice:
• TradeWindow is in compliance with the continuous disclosure obligations that
apply to it in relation to ordinary shares in TradeWindow;
• TradeWindow is in compliance with its financial reporting obligations (as
defined in subclause 20(5) of schedule 8 to the Regulations);
• there is no information that is "excluded information" (as defined in subclause
20(5) of schedule 8 to the Regulations) in respect of TradeWindow.
The Placement is not expected to have any material effect or consequence on the
control of TradeWindow within the meaning set out in clause 48 of Schedule 1 of the
Act.
ENDS