BUB bubs australia limited

Ann: Quarterly Activity Report and Appendix 4C, page-5

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    FINANCIAL HIGHLIGHTS

    Strong revenue growth driven by infant formula sales to China and domestic Daigou Channel:

    • Q3 gross revenue $11.83M, up 103% prior comparable period (pcp).

    • March FY19 gross revenue $6.91M - the highest of any month on record for the Company.

    • Year-to-date gross revenue $32.87M.

    • Bubs® goat milk infant formula gross sales up 302% pcp, representing 41% of Q3 revenue.

    • Bubs Organic® baby food gross sales up 22% pcp, representing 6% of Q3 revenue.

    • CapriLac® goat milk powder gross sales up 119% pcp, representing 40% of Q3 revenue.

    • Domestic sales up 71% pcp, representing 79% of Q3 revenue.

    • China sales up 884% pcp, representing 20% of Q3 revenue.

    • Emerging export markets up 26% pcp, representing 1% of Q3 revenue.

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