Thrive Tribe Technologies receives R&D tax refund for FY24

Thrive Tribe Technologies Limited (ASX:1TT) has announced the receipt of a research and development (R&D) tax refund of A$1,508,698 (including interest) for the 2024 financial year, under the Australian Government's R&D Tax incentive program.

Executive Commentary on R&D tax refund

We are pleased to have received the R&D tax refund for the 2024 financial year. This refund will further support our commitment to creating a connected world of thriving humans, inspired by impact-driven business. It will enable us to continue our efforts in inspiring healthy and happy individuals and communities everywhere. We are grateful for the support provided by the Australian Government's R&D Tax incentive program, which aligns with our vision of building a better future through innovation and social impact.

Summary of R&D tax refund announcement

Thrive Tribe Technologies Limited (ASX:1TT) has received a research and development (R&D) tax refund of A$1,508,698 for the 2024 financial year. This refund, inclusive of interest, demonstrates the company's commitment to innovation and social impact. The receipt of the refund will further support Thrive Tribe's mission of creating a connected world of thriving humans, inspired by impact-driven business. The company's health and wellness app, Sixty, will continue to play a pivotal role in achieving these goals. Thrive Tribe remains dedicated to partnering with change-makers and disruptive brands to build a better future, and the R&D tax refund will contribute to the realization of this vision.