Ticketplus Reports Results for the Six Months Ended June 30, 2026

Key Terms

ebitda financial

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

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gmv financial

Gross merchandise value (GMV) is the total dollar value of all goods and services sold through a platform or marketplace over a given period, measured before deducting fees, returns, or discounts. Investors watch GMV to gauge the raw size and growth of customer activity—like counting every ticket sold at a concert before subtracting organizer costs—while remembering it is not the same as revenue or profit.

ifrs financial

International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.

saas model technical

SaaS model is a way a company delivers software over the internet on a subscription basis instead of selling a one-time product, like renting a streaming service rather than buying a DVD. It matters to investors because it typically creates steady, recurring revenue and clearer growth visibility, while key risks include customer churn and the cost of acquiring subscribers — factors that drive valuation, cash flow predictability, and long-term profitability.

over-allotment option financial

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

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• Revenue increased 68% year-over-year to $22.8 million, with revenue growth accelerating to 81% year-over-year in the second quarter
• Net profit increased 151% year-over-year to $4.1 million
• EBITDA increased approximately 109% year-over-year to $9.6 million, with an EBITDA margin of 42.1%
• Cash flow from operations increased 30% year-over-year to $8.2 million
• Total platform sales increased approximately 124% year-over-year to approximately $280.3 million

SANTIAGO, Chile & NEW YORK--(BUSINESS WIRE)-- Ticketplus Ltd. (“Ticketplus” or the “Company”) (NYSE American: TP), a technology company that operates a proprietary, full-stack technology platform powering live entertainment across Latin America, today announced its financial results for the six months ended June 30, 2026.

“Following our initial public offering in August, we believe we are entering an exciting new chapter for Ticketplus, with the capital and resources to accelerate our growth strategy and capitalize on the significant opportunities ahead,” said Chien-Fu Chen, CEO of Ticketplus. “In the first six months of 2026, we sold more through our platform than in all of 2025, grew net profit 151% compared with the first six months of 2025 and generated $8.2 million in cash flow from operations. We believe this combination of rapid growth, expanding margins and operating cash generation demonstrates the scalability of our technology platform and the strength of our business model. Looking ahead, we anticipate significant opportunities to: expand our revenue funnel by entering new geographies and reaching new customers through our white-label ticketing solution; increase revenue and margin per customer across our existing customer base by adding capabilities that enhance their event management operations; and innovate to strengthen our technology and service leadership across Latin America and beyond.”

Financial Highlights for the First Half of 2026 and Subsequent Events

• Revenue grew 68% year-over-year to $22.8 million for the six months ended June 30, 2026
• Revenue growth accelerated during the period to 81% year-over-year in the three months ended June 30, 2026, reflecting continued growth in ticketing and platform transaction volumes across the Company’s 11-country footprint
• Gross profit margin expanded 1,030 basis points year-over-year to 49.0% for the six months ended June 30, 2026, from 38.7% for the six months ended June 30, 2025
• Net profit grew 151% year-over-year to $4.1 million, with net profit margin expanding to 18.0%, from 12.0% in the prior-year period
• EBITDA grew approximately 109% year-over-year to $9.6 million, with an EBITDA margin expanding to 42.1%, from 33.9% in the prior-year period
• Cash flow from operations increased 30% year-over-year to $8.2 million
• Cash and cash equivalents of $3.8 million as of June 30, 2026, not including the initial public offering net proceeds received in August 2026
• Total platform sales grew approximately 124% year-over-year to approximately $280.3 million, exceeding total platform sales of $268.9 million for the full year 2025
• Ticketplus completed its initial public offering on the NYSE American exchange, which closed on August 10, 2026; the offering, together with the partial exercise of the underwriters’ over-allotment option, generated aggregate net proceeds of approximately $15.5 million, after deducting underwriting discounts and commissions, and non-accountable expense allowance, before other offering expenses payable by the Company

The Company’s unaudited interim consolidated financial statements for the six months ended June 30, 2026, prepared in accordance with IFRS as issued by the International Accounting Standards Board, together with management’s discussion of financial results, are being furnished to the U.S. Securities and Exchange Commission on a Form 6-K, available at www.sec.gov.

About Ticketplus

Ticketplus is a technology company founded in 2014 with operating headquarters in Santiago, Chile. The Company operates a proprietary, full-stack technology platform powering live entertainment across Latin America, with a footprint in eleven countries: Argentina, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Paraguay, Peru, the United States, and Uruguay. Ticketplus operates under a dual business model: direct operations in Chile, its home market, and a SaaS model in the remaining countries of the region, where its platform is licensed to local ticketing companies, venues, and promoters that operate under their own brands. For more information, please visit the Ticketplus investor relations website at https://investors.ticketplus.com/.

Forward-Looking Statements

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of U.S. federal securities laws. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical facts and by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made in the risk factors section of the Company’s reports and other documents that we file with the SEC. The Company does not undertake any duty to update any forward-looking statements except as may be required by law.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Use of Non-IFRS Financial Information

In addition to disclosing financial results calculated in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, this press release contains non-IFRS financial measures, which Ticketplus believes provide useful supplemental information regarding the operating and financial performance of its business. This press release includes EBITDA and EBITDA margin. The Company defines EBITDA as earnings before financial costs (net of financial income), income tax expense and depreciation and amortization, and EBITDA margin as EBITDA as a percentage of revenue from ordinary activities.

Management believes the non-IFRS financial measures provided assist investors in understanding and assessing Ticketplus’s operating performance by providing additional information regarding the Company’s results from period to period. These non-IFRS financial measures are not required by, or presented in accordance with, IFRS, should not be considered an alternative to results from continuing operations or any other performance measure derived in accordance with IFRS, or as an alternative to cash flows from operating activities or a measure of the Company’s liquidity or profitability, and may not be comparable to similarly titled measures used by other companies. Furthermore, these non-IFRS financial measures have certain limitations in that they do not include the impact of certain expenses that are reflected in the Company’s consolidated financial statements that are necessary to run its business. Ticketplus compensates for these limitations by providing a reconciliation of these non-IFRS financial measures to the related IFRS financial measures, as shown in the tables below.

Total Platform Sales and Other Operating Metrics

Total Platform Sales (GMV) for the six months ended June 30, 2026 was approximately $280.3 million, compared to approximately $125.3 million for the six months ended June 30, 2025, an increase of approximately 124%. GMV is derived directly from the transactional system of the Company’s technology platform. Total Platform Sales for the first half of 2026 exceeded Total Platform Sales for the full year 2025 of approximately $268.9 million. GMV grew faster than revenue, reflecting the higher mix of software-based deployments, which contributed to the increase in gross profit margin from 38.7% to 49.0%.

TICKETPLUS LTD. Consolidated Statements of Financial Position
		As of June 30, 2026 (unaudited)				As of December 31, 2025 (audited)
		$				$
ASSETS
Current assets
Cash and cash equivalents			3,847,174				3,980,838
Trade and other receivables			9,382,389				9,220,336
Inventory			59,324				60,310
Current tax assets			349,234				550,256
Total current assets			13,638,121				13,811,740
Non-current assets
Intangible assets other than goodwill			22,699,474				15,925,873
Property, plant, and equipment			247,538				191,405
Deferred tax assets			649,852				704,895
Total non-current assets			23,596,864				16,822,173
Total assets			37,234,985				30,633,913
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Other current financing liabilities			1,758,809				2,743,145
Trade and other payables - third parties			5,591,540				5,097,824
Trade and other payables - related parties			2,954,490				3,203,029
Current payables to related parties			202,169				—
Current provision for employee benefits			127,673				197,366
Provision for income taxes			1,749,121				737,096
Current income tax payable			—				19,045
Total current liabilities			12,383,802				11,997,505
Non-current liabilities
Other non-current financing liabilities			12,955,800				10,437,280
Non-current payables to related parties			2,510,696				2,552,433
Total non-current liabilities			15,466,496				12,989,713
Total liabilities			27,850,298				24,987,218
Shareholders’ equity
Ordinary shares of par value of $0.0001 each; 300,000,000 shares authorized, 10,189,525 shares issued and outstanding as of June 30, 2026			35,000				—
Class A ordinary shares of par value of $0.0001 each; 250,000,000 shares authorized, 189,525 shares issued and outstanding as of December 31, 2025			—				5,000
Class B ordinary shares of par value of $0.0001 each; 50,000,000 shares authorized, 10,000,000 shares issued and outstanding as of December 31, 2025			—				30,000
Other reserves			3,258,649				3,258,649
Accumulated other comprehensive income (loss)			(112,901	)			109,137
Accumulated earnings			6,203,939				2,243,909
Total shareholders’ equity			9,384,687				5,646,695
Total liabilities and shareholders’ equity			37,234,985				30,633,913

TICKETPLUS LTD. Unaudited Consolidated Statements of Profit or Loss
		Three months ended June 30, 2026				Three months ended June 30, 2025				Six months ended June 30, 2026				Six months ended June 30, 2025
		$				$				$				$
Revenue from ordinary activities			12,610,867				6,975,493				22,817,405				13,579,219
Cost of revenue			(6,771,647	)			(4,280,248	)			(11,629,502	)			(8,325,592	)
Gross profit			5,839,220				2,695,245				11,187,903				5,253,627
Administrative expenses			(2,434,480	)			(1,427,746	)			(4,569,434	)			(2,734,458	)
Financial income			70,309				8,329				70,874				8,258
Financial costs			(538,837	)			(117,819	)			(1,075,167	)			(601,342	)
Exchange difference, net			(16,118	)			(4,982	)			(18,540	)			(4,529	)
Income before tax			2,920,094				1,153,027				5,595,636				1,921,556
Income tax expense			(794,407	)			(171,402	)			(1,497,065	)			(285,647	)
Results from continuing operations			2,125,687				981,625				4,098,571				1,635,909
Comprehensive income:
Results from continuing operations			2,125,687				981,625				4,098,571				1,635,909
Other comprehensive income (loss)			21,548				(46,914	)			(222,038	)			272,006
Total comprehensive income			2,147,235				934,711				3,876,533				1,907,915
Basic and diluted weighted average ordinary shares outstanding			10,189,525				10,189,525				10,189,525				10,189,525
Basic and diluted earnings per ordinary share			0.21				0.10				0.40				0.16

TICKETPLUS LTD. Unaudited Consolidated Statements of Cash Flows
		Six months ended June 30, 2026				Six months ended June 30, 2025
		$				$
Cash flows from operating activities
Income for the period			4,098,571				1,635,909
Charges (credits) to profit or loss that do not involve cash flow:
Depreciation and amortization expenses			2,999,942				2,088,404
Income tax expenses			1,497,065				285,647
Provisions for benefits to employees			(69,692	)			6,395
Other			(160,579	)			272,006
Increase (decrease) in assets affecting cash flow:
Increase (decrease) in assets			(162,053	)			(7,312,054	)
Inventory			986				(2,298	)
Current tax assets			201,022				202,540
Current non-financial assets			55,043				(17,495	)
Increase (decrease) in liabilities affecting cash flow:
Trade and other current payables			245,177				9,432,704
Provision for income taxes			(485,040	)			(285,647	)
Liabilities by current taxes			(19,045	)			3,342
Net cash provided by (used in) operating activities			8,201,397				6,309,453
Cash flows from investing activities:
Purchase of intangibles			(9,748,787	)			(5,305,127	)
Purchase of property, plant and equipment			(80,889	)			(44,051	)
Net cash provided by (used in) investing activities			(9,829,676	)			(5,349,178	)
Cash flows from financing activities:
Proceeds from (repayments of) related party loans, net			(39,569	)			(1,952,951	)
Proceeds from financial institutions			1,534,184				6,772,781
Net cash provided by (used in) financing activities			1,494,615				4,819,830
Net increase (decrease) in cash			(133,664	)			5,780,105
Cash and cash equivalents, beginning of period			3,980,838				2,000,866
Cash and cash equivalents, end of period			3,847,174				7,780,971

TICKETPLUS LTD. Summary of Results (unaudited)
		Six Months Ended June 30, 2026				Six Months Ended June 30, 2025
		$				$
Total Platform Sales (GMV)(1)			280,310,723				125,267,352
Revenue from ordinary activities			22,817,405				13,579,219
Cost of revenue			(11,629,502	)			(8,325,592	)
Gross profit			11,187,903				5,253,627
Gross profit margin(2)			49.0	%			38.7	%
Administrative expenses			(4,569,434	)			(2,734,458	)
Results from continuing operations			4,098,571				1,635,909
Results from continuing operations margin(3)			18.0	%			12.0	%
EBITDA(4)			9,599,871				4,603,044
EBITDA margin(4)			42.1	%			33.9	%
(1) Our key business metric is Total Platform Sales (GMV), which is an operating metric that represents the total face value of all tickets sold through the Company’s platform, before any deductions for fees, refunds, or commissions, and regardless of revenue recognition treatment.
(2) Gross profit as a percentage of revenue from ordinary activities.
(3) Results from continuing operations as a percentage of revenue from ordinary activities.
(4) EBITDA and EBITDA margin are non-IFRS financial measures. See the reconciliation to results from continuing operations below.

TICKETPLUS LTD. Reconciliation of Results from Continuing Operations to EBITDA (unaudited)
		Six Months Ended June 30, 2026				Six Months Ended June 30, 2025
		$				$
Results from continuing operations			4,098,571				1,635,909
(+) Income tax expense			1,497,065				285,647
(+) Financial costs, net of financial income			1,004,293				593,084
(+) Depreciation and amortization			2,999,942				2,088,404
(=) EBITDA			9,599,871				4,603,044
EBITDA margin			42.1	%			33.9	%

 

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Investor Contact

Jack Perkins
KCSA Strategic Communications
Ticketplus@kcsa.com

Source: Ticketplus Ltd.