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8Common Ltd (ASX:8CO)

ALERT: Price-sensitive ASX Announcement for 8CO
Current share price for 8CO : $0.040 0.01 (33.33%)+
Announcement
Release
2 Sep 2025 2:30PM
Price at Release
$0.030
Full Release
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Summary
8Common Ltd, through its subsidiary Expense8, has renewed its contract with the NSW Department of Education for a two-year fixed term with options for two one-year extensions. This contract is valued at approximately $1.56 million for the fixed term and potentially $3.54 million including extensions. This marks the second renewal since the initial implementation in June 2015, with the total contract value reaching over $8.27 million. Expense8 facilitates over a million transactions annually for 36,000 staff and 20,000 corporate cards, further solidifying its critical role in the department’s financial operations. The renewal highlights Expense8’s continued efficiency and reliability in managing travel and expense systems for large Australian governmental entities.
Key Points
  • NSW Department of Education renews contract with Expense8 for a 2-year fixed term.
  • Estimated contract value of $1.56 million with potential total value of $3.54 million including extensions.
  • Second renewal of contract since June 2015, with total value reaching $8.27 million.
  • Expense8 processes over a million transactions annually for NSW Department of Education.
  • 8Common Ltd continues to be a trusted provider of travel expense management solutions for government entities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.