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