Ann: HY22 Results Update, page-81

Bnpls now tailoring reports and adjusting their focus to lowering opex and the magic “path to profitability”

Z1P HY22
"Zip is undertaking a series of cost saving initiatives with continued focus on drivingsustainable growth and increased profitability in core markets, whilst adjusting capitalallocation to markets where Zip believes there is a near term pathway to profitability"

ZBT (to delist April)
"For 4Q21, Zebit is focused on generating stronger operating metrics and guiding the business prudently towardfuture profitability"

PYR Nov21 presentation:
"Further optimising funding costs and economies of scale, with a clear path to profitability.

SPT Q4:
"Unique IP, global scalability, and white label opportunities provides a differentiated business model, leading to operating leverageat scale and a pathway to sustainable and profitable growth at superior margins."

OPY Q2 FY22
"In ANZ, we delivered record operating performance as we manage thebusiness to profitability, and in the US, Opy now has all the building blocks in place to monetise this significantopportunity"