1st : Appendix 4D - Half Year Report

ASX / Media Release 28 February 2022

onlyHalf Year Update

For the Half Year to 31 December 2021

Half Year revenue of $2.4million; Acquisition of Visionflex

useHighlights:

• 1H FY21 revenue $2.4m, down 6% vs pcp reflecting slow pickup in activity coming out of the period impacted by Covid. However, recurring revenue (around 90% of group revenues) remains stable

• Loss before tax increased by $104k to $1.9m

• Visionflex acquisition announced - Complementary products and services, proposed placement $2.5m

personal• Right issue completed - Successful $0.5m rights issue closed in February

1ST Group Limited (ASX: 1ST), the Australian digital health group, today announced its 1H FY22 results.

Klaus Bartosch, Managing Director and Co-Founder commented, "The first half of FY22 saw the loss of a c uple of larger customers in Q1, followed by recovery of those lost revenues in Q2. These results were achieved despite Covid impacts which limited our sales to new customers who had less ability to take on new initiatives and slowed the progress on ongoing project work with our larger corporate customers.

We are excited about the Visionflex acquisition, with each business complementing the other and providing k y market opportunities with growth opportunities in each other's customer base."

For

Copyright 2022 1st Group Ltd ACN 138 897 533	1
Level 3, 1-9 Buckingham Street, Surry Hills NSW

ASX / Media Release • 28 February 2022

Results Summary

only	1H FY21	1H FY20	Change
$	$	$	%
2,445,559	2,599,479	-153,920	-6%
Revenue
Expenses
Advertising and marketing expense	-53,818	-335,569	281,751	-84%
Professional and consulting fees	-310,118	-311,059	941	0%
Operations and administration expenses	-1,772,232	-1,522,537	-249,695	16%
Employee benefits	-2,045,439	-2,080,697	35,258	-2%
D preciation and amortisation expenses	-11,334	-89,359	78,025	-87%
use	-169,755	-72,939	-96,816	133%
Finance costs
Total costs	-4,362,696	-4,412,160	49,464	-1%
Loss before income tax benefit	-1,917,137	-1,812,681	-104,456	6%
Income tax benefit	-23,670	18,252	-41,922	-230%
Loss after income tax benefit	-1,940,807	-1,794,429	-146,378	8%
personal

1H revenue decreased $154k, or 6% over the pcp. Pleasingly, recurring revenues of $2.2m were in line with

pcp and represent 90% of group total revenue. Subscription revenue of $1,983k reduced by 2% over the pcp reflecting cancellations from a couple of larger customers in Q1 FY22. Growth in core subscriptions meant those losses were recaptured in Q2 FY22.

Usage revenue decreased from $141k in pcp to $133k in the period. Advertising revenues increased from $60k in pcp to $93k in the period. Total one-off fees were $237k for the period, 36% lower than pcp.

Operating loss before tax increased by $104k, or 6% versus pcp. Costs of $4,363k were $49k lower than pcp.

On 25 January 2022, 1st Group announced an agreement to acquire Visionflex Pty Ltd (subject to shareholder approval), an Australian leading telehealth solutions company with a growing international distribution network. The Company also announced a $2.5m placement to be completed at the time of the

Foracquisition, and a $0.5m Rights Issue which was successfully completed in February. This announcement has been approved for release by the Board of Directors.

Copyright 2022 1st Group Ltd ACN 138 897 533	2
Level 3, 1-9 Buckingham Street, Surry Hills NSW

			ASX / Media Release • 28 February 2022
	Further information
	Klaus Bartosch	Richard Rogers	Hugh Richards
	Managing Director	Chief Financial Officer	Latimer Partners
only	[phone]	[phone]
[phone]

About 1st Group Limited

1st Group is an ASX listed digital health group building Australia's leading health services marketplace, useMyHealth1st.com.au, Australia's online pet service marketplace PetYeti.com.au and corporate and

government solutions platform GoBookings.com. These integrated platforms provide an easy to use online earch and appointment booking service and offer a range of value-added apps and services that facilitate digital patient and customer engagement. We improve lives by connecting consumers to a variety of healthcare services and information anytime, anywhere, so they can get well sooner and stay well longer.

To find out more visit 1stGrp.com, MyHealth1st.com.au, PetYeti.com.au and GoBookings.com. personalFor

Copyright 2022 1st Group Ltd ACN 138 897 533	3
Level 3, 1-9 Buckingham Street, Surry Hills NSW

1st Group Limited Appendix 4D Half-year report

1. Company details

	Name of entity:	1st Group Limited
	ABN:	25 138 897 533
	Reporting period:	For the half-year ended 31 December 2021
	Previous period:	For the half-year ended 31 December 2020
2. Results for announcement to the market
only					$
	down	5.9%	to	2,445,560
	Revenues from ordinary activities
	Loss from ordinary activities after tax attributable to the owners of 1st
	Group Limited		up	8.2%	to	(1,940,806)
	Lo for the half-year attributable to the owners of 1st Group Limited	up	8.2%	to	(1,940,806)
Dividends
There were no dividends paid, recommended or declared during the current financial period.
use

Comments

The oss for the consolidated entity after providing for income tax amounted to $1,940,806 (31 December 2020: $1,794,429).

	3. Net tangible assets
		Reporting		Previous
		period		period
		Cents		Cents
	Net tangible assets per ordinary security	(0.94)	(0.61)
	4. Dividends
	Current period
	Th re were no dividends paid, recommended or declared during the current financial period.
	Previous period
personal
	There were no dividends paid, recommended or declared during the previous financial period.
	5. Audit qualification or review
For

Details of audit/review dispute or qualification (if any):

The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.

6. Attachments

Details of attachments (if any):

The Interim Report of 1st Group Limited for the half-year ended 31 December 2021 is attached.

1st Group Limited Appendix 4D Half-year report

7. Signed

personalForuse only	Date: 28 February 2022
Signed ___________________________
Stephe Wilks
Chair
Sydney