My Foodie Box : Appendix 4D & Half-Year Financial Statements

For personal use only

Appendix 4D

Half year report

Period ending 31 December 2021

ASX Appendix 4D

Financial Statements for the half-year ended 31 December 2021

1. Details of reporting period

The directors of My Foodie Box Limited (the Company) hereby present the Company's first Appendix 4D and Half Year report following the listing of the Company on the Australian Securities Exchange (ASX).

Name of Entity	My Foodie Box Limited
ABN	62 622 021 265
Reporting Period	31 December 2021
Previous Corresponding Period	31 December 2020

2. Results for announcement to the market

	31 December	31	Increase/	Amount
Key information	2021	December	(decrease)	change $
		2020
Revenue from ordinary activities	2,482,421	1,589,973	56%	892,447
Net loss for the half-year	(1,023,196)1	(95,301)	(970%)	(927,895)
Total comprehensive loss for the half-	(1,023,196)1	(95,301)	(970%)	(927,895)
year attributable to members
1Commentary on Results:

The half year loss for the period ended 31 Decemeber 2021 is inclusive of non-cash expenses related to Share Based Payment expenses and one off cash expenes associated with the listing of My Foodie Box on the ASX.

3. Net tangible asset backing

	31 December 2021	31 December 2020
Net tangible backing per ordinary security	6 cents	(3) cents

4. Details of entities over which control has been gained or lost during the period

N/A

5. Details of Dividends

No dividend has been paid or recommended to be paid for the half-year ended 31 December 2021.

6. Details of dividend reinvestment plans

N/A

Appendix 4D Page 2

For personal use only

Appendix 4D

Half year report

Period ending 31 December 2021

7 Details of associate and joint venture entities

N/A

8. Foreign entities

N/A

9. Audit

This report is based on the financial statements for the half-year ended 31 December 2021 which have been reviewed by RSM Australia Partners. The review report is attached as part of the Interim Report.

This information should be read in conjunction with the 2021 Annual Report.

Additional information supporting the Appendix 4D disclosure requirements can be found in Director's Report and the financial statements for the half-year ended 31 December 2021.

Mai Hughes

Chief Executive Officer and Director

28 February 2022

Appendix 4D Page 2

For personal use only

MY FOODIE BOX LIMITED

ABN 62 622 021 265

INTERIM FINANCIAL REPORT

for the half-year ended 31 December 2021

For personal use only

INTERIM FINANCIAL REPORT

FOR THE HALF YEAR ENDED 31 DECEMBER 2021

CONTENTS
Corporate directory			1
Directors' report			2
Auditor's independence declaration		4
Statement of profit or loss and other comprehensive income	5
Statement of financial position		6
Statement of changes in equity		7
Statement of cash flows			8
Notes to the interim financial statements		9
Directors' declaration			20
Independent auditor's review report to the members of My Foodie Box Limited	21
CORPORATE DIRECTORY
Directors
Bryan Hughes	Executive Chairman
Mai (Parisrat) Hughes	Executive Director and CEO
Guy Perkins	Non-Executive Director
Shane Wee	Non-Executive Director
Company Secretary
Kyla Garic
Registered Office		Principal Place of Business
Level 11, 12-14 The Esplanade,		9 Foundry Street
Perth WA 6000		Maylands WA 6051
Ph: [phone]		Ph: [phone]

Auditor

RSM Australia Partners

Level 32, Exchange Tower

2 The Esplanade

Perth WA 6000

Share Registry

Automic Registry Services

Level 5, 191 St Georges Terrace

Perth WA 6000

Securities Exchange Listing

ASX Limited

Level 40, Central Park 152-158 St Georges Terrace

Perth WA 6000

ASX Code - MBX

1I My Foodie Box Limited ABN 62 622 021 265 - Interim Financial Report 31 December 2021

For personal use only

DIRECTORS' REPORT

FOR THE HALF YEAR ENDED 31 DECEMBER 2021

The Directors of My Foodie Box Limited (Company) present their report, together with the financial statements for the half-year ended 31 December 2021.

Directors

The names of the Directors in office at any time during the half year and to the date of this report are:

Name	Position	Appointed
Bryan Hughes	Executive Chairman	2 October 2017
Mai (Parisrat) Hughes	Executive Director and CEO	2 October 2017
Guy Perkins	Non-Executive Director	8 September 2021
Shane Wee	Non-Executive Director	10 November 2021

Company Secretary

The following person held the position of Company Secretary during and to the date of this report:

Name	Position	Appointed
Kyla Garic	Company Secretary	8 September 2021

Principal Activity

The Company's principal activity of the company during the year was the development, preparation and delivery of meal kits to WA households, specialising in locally sourced, pre-portioned ingredients.

REVIEW OF OPERATIONS

The company continued to engage in its principal activity, the results of which are disclosed in the attached financial statements.

Initial Public Offering (IPO)

Preparations for an Initial Public Offering (IPO) on the Australian Securities Exchange (ASX) continued during the half year, culminating in the filing of a final approved Replacement Prospectus (Prospectus) with ASIC on 30 November 2021. During the offer period the Company received an investment from Magnet Investments Pty Ltd (Magnet) of $2 million. The strategic cornerstone investment from Magnet resulted in a holding of 14.92%. The Company lodged a supplementary prospectus on 16 December 2021 with ASIC.

The Prospectus offered 30 million shares at $0.20 per share, for a maximum raising of $6 million. Under the prospectus, a number of secondary offers were also offered. They were as follows:

• the offer of 6,999,990 Shares and 13,999,980 Convertible Loan Options to be issued on conversion of convertible loans (Convertible Loan Offer);
• the offer of 11,600,000 Options to be issued to Directors (Director Options) or their respective nominees;
• the offer of a total of 4,500,000 Options (Performance Management Options) to be issued to certain senior members of staff (Senior Staff) (or their respective nominees); and
• the offer of a total of 4,000,000 Lead Manager Options (Lead Manager Options) to be issued to the joint lead managers.

Operational Matters

At 31 December 2021, My Foodie Box held A$32,000 in cash reserves as the $6m proceeds from the oversubscribed capital raising were held in the Company's share registry trust account and transferred into the Company's bank account subsequent to the 31st of December. As detailed in the quarterly cash flow the Company's unaudited receipts from Customers for the 6 months ending 31 December 2021 was $2,570,000 (increase of 57% year on year). MBX used the December quarter to ensure the Company's operational (including customer service), marketing, administration and finance capabilities are prepared for the expected growth this quarter. Company growth and performance can be tracked through revenue and the number of Active Subscribers. Active Subscribers are directly related to, and drive, revenue. Active

2I My Foodie Box Limited ABN 62 622 021 265 - Interim Financial Report 31

December 2021