Ann: Upgrade to FY25 guidance and May trading update, page-4

Upgrade to FY25 guidance and May trading update

Zip Co Limited (ASX: ZIP) (“Zip”, or the “Company”) has provided an update on trading performance
for the month ended 31 May 2025 and an update to FY25 guidance.
Following continued strong performance, particularly in the US business, Zip has upgraded its
guidance for FY25 and now expects to deliver cash EBTDA of at least $160m (compared to prior
guidance of at least $153m). Zip is also on track for its FY25 results to be within its two-year target
ranges as previously announced to the market on 25 February 2025.

Key highlights for May 2025 trading:
● Momentum in TTV growth has continued across both markets
● US year on year TTV growth was above 40% (in USD)
● No material changes to credit loss performance since 3Q25 across both markets

Consistent with its capital management framework, Zip has purchased 12.3m shares for total
consideration of $22.6m to date as part of its on-market share buy-back program of up to $50m of
ordinary shares1.


Zip Group CEO and Managing Director, Cynthia Scott said:
“Zip’s momentum has continued throughout May, particularly in the US where TTV has
continued to grow above 40% year on year, reflecting the resilience of our business model
and disciplined execution of our strategy. Following our continued strong performance, we
have upgraded our FY25 guidance to deliver cash EBTDA of at least $160m.”
This announcement was authorised for release by the Group CEO and Managing Director, on
behalf of the Board.