KUALA LUMPUR, MALAYSIA�-�Media OutReach�-�25 August 2021 -�

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HIGHLIGHTS:

• Strong revenue growth in the half year ("H1") ended 30 June 2021, with revenue +60% year-on-year (YoY) to S$5.23 million (A$5.16 million), driven by growth across the Group's business units
• H1 FY2021 EBITDA more than doubled YoY to S$0.19 million (A$0.19 million), excluding extraordinary expenses relating to the issue of options, M&A activities and forex movements
• Netccentric's 100% owned subsidiary, Nuffnang Malaysia, delivered a strong contribution to the H1 FY2021 results of S$2.51 million (A$2.48 million) with Q2 FY2021 revenue of S$1.34 million (A$1.32 million), representing YoY growth of 65% and quarter-on-quarter growth of 14%
• Nuffnang Malaysia pipeline continues to grow, with orders in H1 FY2021 up 88% to S$3.00 million (A$2.96 million) compared to H1 FY2020. This complements and empowers the Group's expansion into social commerce
• Netccentric retains a strong position to drive continued growth both organically and via M&A with a healthy debt-free balance sheet, S$5.43 million (A$5.36 million) in cash and a proven strategy to deliver end-to-end growth solutions

Social commerce platform provider Netccentric Ltd (ASX: NCL, "Netccentric" or "the Group") is pleased to provide the Group's financial results and update for the half-year ended 30 June 2021 (H1 FY2021).

Financial Highlights

Netccentric achieved revenue of S$5.23 million in H1 FY2021, up 60% compared to H1 FY2020 and driven by strong growth across the Group's business units which built momentum into Q2 FY2021. H1 FY2021 revenue for Influencer Platform (Nuffnang) climbed 49% YoY to S$2.96 million, Social Media Agency (Sashimi) jumped 52% YoY to S$1.21 million and Performance Marketing Agency (Plata & Punta) leapt 126% YoY to S$0.86 million.

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Gross profit rose 34% YoY to S$2.23 million. The Group delivered H1 FY2021 EBITDA of S$0.19 million (H1 FY2020: S$0.09 million), soaring 108% YoY, excluding impact of extraordinary expenses relating to the issue of options, M&A activities and forex movements.

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Netccentric entered H2 FY2021 with S$5.43 million in cash and no debt, providing strength and flexibility to fund the Group's growth objectives.

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The Group's financial results reflect continuous financial strengthening as the business gains scale and management executes Netccentric's growth strategy.

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For the detailed announcement, including 'Strategic and Operations Highlights', visit https://www2.asx.com.au/markets/company/ncl .

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Netccentric closed trade at A$0.15 yesterday (24 August).