A2Z's Smart Carts Drive Q4 Revenue Surge, Signaling Major Growth

By Charles Rivera

TORONTO, ON – February 23, 2026 – A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) today signaled a significant commercial breakthrough, announcing preliminary unaudited revenues that suggest its long-term investment in AI-powered shopping cart technology is beginning to yield substantial financial returns. The company reported expected revenues between $4.6 million and $5.2 million for the fourth quarter of 2025, a dramatic increase driven by the scaled delivery of its flagship Cust2Mate smart carts.

These strong fourth-quarter results are projected to bring full-year 2025 revenues to a range of $8.9 million to $9.5 million. The announcement marks a potential inflection point for the retail technology firm, which has been investing heavily in production and R&D while navigating the path to widespread market adoption. According to the company, it started recognizing meaningful revenues from smart cart deliveries in the final quarter of 2025, having delivered over 2,000 units by the year's end.

"Q4 2025 marked a pivotal quarter for the Company as we delivered our new generation smart carts at scale, translating directly into meaningful revenues," said Gadi Graus, CEO of A2Z. "We remain committed to continuing to expand our footprint and accelerating delivery of our smart carts globally."

While the figures are preliminary and subject to a full audit expected in late March 2026, they represent a stark contrast to the company's recent financial history. A2Z reported an operating loss of $4.1 million in the third quarter of 2025, wider than the previous year, as it ramped up production. However, with a robust cash and cash equivalents position of approximately $68.5 million as of December 31, 2025, the company appears well-capitalized to fund its aggressive expansion strategy.

The Technology Transforming the Shopping Aisle

A2Z's Cust2Mate cart is more than just a vessel for groceries; it's a sophisticated retail platform on wheels. The technology aims to merge the convenience of online shopping with the tangible experience of brick-and-mortar stores. Shoppers use an interactive touchscreen to scan items as they are placed in the cart, maintaining a running total and enabling them to pay directly on the device, thus bypassing traditional checkout lines entirely.

Beyond simple scan-and-go functionality, the carts are equipped with AI, security scales, and RFID technology to ensure transaction accuracy and mitigate theft—a critical concern for retailers. The system's AI can detect abnormal behavior, such as placing an unscanned item in the cart, triggering alerts for both the shopper and store staff.

The platform also serves as a powerful tool for shopper engagement. It can guide customers through the store, provide personalized promotions in real-time based on shopping history and items in the cart, and suggest complementary products. This level of personalization has been shown to increase average basket size by as much as 30-50% in some deployments, according to company data.

In 2024, the Cust2Mate system won the award for best smart cart at the RetailTech Breakthrough Awards, a nod to its innovative design. The latest Cust2Mate 3.0 model features a modular, detachable panel that can be retrofitted onto a retailer's existing cart fleet, lowering the barrier to entry and speeding up deployment.

From Pilot Programs to Global Deployments

The strong Q4 revenue figures are a direct result of A2Z successfully converting pilot programs into large-scale commercial agreements. The company has secured a string of high-value contracts with major retailers across the globe.

In Israel, A2Z signed a landmark $55 million purchase order with supermarket chain Yochananof for 5,000 smart carts, with deployment commencing in late 2025. The deal notably includes a data and retail media component, allowing A2Z to monetize the platform through targeted advertising. Other significant Israeli deals include a $30 million contract with Super Sapir and a $15 million agreement to enter the toy sector with Toys "R" Us Israel and The Red Pirate.

In Europe, the company is making inroads in France and Turkey. Its carts are being deployed in Paris-based Franprix grocery stores as part of a larger framework agreement to roll out 30,000 carts across French retail chains. A2Z is also expanding its partnership with Migros Ticaret A.Ş., Turkey’s largest supermarket chain.

Further afield, A2Z has secured an initial order for 3,000 carts valued at over $25 million for a major international retail chain in Latin America, with deployment scheduled for early 2026. These global deals are structured primarily under a recurring revenue or "Cart-as-a-Service" model, where retailers pay a monthly fee per cart, providing A2Z with a predictable, long-term income stream.

Navigating a Competitive, High-Growth Market

A2Z is carving out its niche in a rapidly growing and competitive market. The global smart shopping cart industry is projected to expand significantly, with some estimates forecasting a market size of over $9 billion by 2032. This growth is fueled by retailers' urgent need to automate operations, enhance customer experiences, and compete with e-commerce giants.

The field includes formidable players. Amazon has its own Dash Cart, while Instacart's Caper Cart is deployed in major chains like Kroger and Sobeys. Other innovators like Shopic and Tracxpoint offer their own unique solutions, from clip-on devices to advanced computer vision systems.

A2Z's strategy for differentiation lies in its hybrid technological approach, combining multiple security layers for accuracy, and its flexible business model. By offering both outright purchase and subscription options, and by providing a modular panel that can upgrade existing hardware, the company aims to make its advanced technology accessible to a wider range of retailers.

With its recent financial performance indicating that its technology is gaining significant commercial traction, A2Z is positioning itself not just as a hardware provider, but as a digital infrastructure company for physical retail. The firm's ability to continue scaling deployments and successfully monetize its burgeoning retail media network will be critical as it competes for a larger share of the future of in-store shopping.