Company: OWLS
Filing Date: 2025-08-01
Form Type: DRS/A
Source: 0000950123-25-006894
Chunk: 130

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-08-01
Form: DRS/A
Chunk 130
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. For the year ended December 31, 2024, the GPV grew by 162.5% compared to the GPV of the same period in 2023, which only included the eight-month period after our acquisition of PayNow in May 2023. If comparing across only the eight months ended December 31, the GPV of such eight-month period in 2024 was US$148.6 million, representing a 10.5% increase over the same period in 2023. This growth was driven by our ability to leverage our e-commerce customer base and onboard new customers, supported by API enhancements that streamlined the customer integration process. Substantially all of the GPV in 2023 and 2024 came from our payment gateway services enabled by our acquisition of PayNow in May 2023.

|                      |     | For the year ended December 31, 
 2023(1)                         |       |     | 2024            |       |     | YoY    
 Growth |       |   |
|:---------------------|:----|:--------------------------------|------:|:----|:----------------|------:|:----|:-------|------:|:--|
|                      |     | US$ in millions                 |       |     | US$ in millions |       |     |        |       |   |
| Gross Payment Volume |     |                                 | 134.5 |     |                 | 218.6 |     |        | 162.5 | % |

Notes:

| (1) | The payment services were launched in 2023 with the acquisition of PayNow in May 2023. |

Active Accounts An Active Account is defined as an account registered on our payment platforms that has completed at least one transaction on our payment platforms within the past 12 months. A unique individual or business user may register on our platforms to access different services and may register more than one account to access a service. Accordingly, a single unique user may have more than one Active Account. However, as we have multiple products under OwlPay, a unique user that has registered on both OwlPay Wallet Proand OwlPay Paymentis counted only once for the purpose of determining Active Accounts, in order tomaintain consistency in this metric after the integration completes. The number of Active Accounts provides management with additional perspective on the overall scale of users using our payment products and services. As of December 31, 2024, the number of Active Accounts grew by 9.