Jayride Group Ltd Secures First SaaS Client

On August 18, 2025, Jayride Group Ltd (ASX: JAY), a company specializing in transfer comparison platforms, announced a significant milestone in its business evolution. The company has secured its first Software-as-a-Service (SaaS) client, GB Limousine Co., Ltd., a leading executive and event transport provider based in Thailand. This development marks Jayride’s transition from a global transfer marketplace aggregator to an enterprise-grade transport software provider.

Agreement Overview

Under the agreement, GB Limousine will implement Jayride’s proprietary mobility SaaS platform as its core operations system. The platform will encompass several critical functions, including fleet management and dispatch operations, passenger booking and customer interface, real-time trip tracking and analytics, and revenue and cost control functions. The SaaS platform is set to launch in Thailand in August 2025, serving as the central transport coordination platform for GB Limousine’s nationwide operations.

The agreement was executed by Jayride CEO Randy Prado and GB Limousine CEO Ms. Nudhlamonn Atapumsuwan (Debby). This partnership is a strategic milestone for Jayride, highlighting its capability to provide comprehensive transport solutions beyond its traditional marketplace services.

Financial Context

Jayride Group Ltd operates in the Industrials sector, specifically within the Internet & Catalog Retail industry. As of August 18, 2025, the company’s close price was 0.007 AUD, with a market capitalization of 4,280,000 AUD. The company’s 52-week high was 0.011 AUD on October 2, 2024, and its 52-week low was 0.001 AUD on June 26, 2025. The price-to-earnings ratio stands at -0.458, reflecting the company’s current financial performance.

Cessation of Securities

In a separate announcement on August 19, 2025, Jayride Group Ltd notified the cessation of several securities. The securities that ceased include:

  • JAYAJ OPTION EXPIRING 30-JUN-2025 EX $0.30, with 2,144,345 securities ceasing due to expiry without exercise or conversion.
  • JAYAK OPTION EXPIRING 30-JUN-2025 EX $0.30, CLASS D, with 1,484,690 securities ceasing for the same reason.
  • JAYAU PERFORMANCE OPTION EXPIRING 30-JUN-2025 EX $0.242, with 250,000 securities ceasing due to expiry without exercise or conversion.

These cessations are part of the company’s ongoing financial management and restructuring efforts.

Jayride Group Ltd’s recent developments, including the SaaS client acquisition and the cessation of securities, indicate a strategic shift towards expanding its enterprise software offerings while managing its financial instruments effectively.