• Achieved maiden positive operating cashflow for two consecutive quarters
• Signed 9 new leading Contractor customers, including 4 in mining & resources
• Delivered 22% growth in Contractor ARR to $6.4m

Felix Group Holdings Ltd reported strong operational and financial performance in H1 FY25, achieving several key milestones. The company delivered maiden positive operating cashflow for two consecutive quarters, a result of careful cost management and strong Contractor ARR growth through new customer acquisition and expansion deals. Felix signed 9 new leading Contractor customers in H1 FY25, including 4 customers in the mining & resources sector, bringing the total number of Contractor customers to 72, a 33% increase on the prior corresponding period. The company also signed 9 expansion deals with tier 1 Contractor customers, demonstrating broadening adoption within existing customers. As a result, total Group ARR reached $8.3m in H1 FY25, a 22% increase on the prior corresponding period, with Contractor ARR reaching $6.4m, a 29% increase. Felix continued to progress several platform development initiatives, including the release of multilingual capability for the vendor portal and the launch of new functionality to streamline the approval process and enable comprehensive pricing comparisons. The Vendor Marketplace also continued to scale, with 115,266 vendors on the platform at the end of H1 FY25, a 27% increase on the prior corresponding period.

Felix has achieved maiden positive operating cashflows for two consecutive quarters in H1 FY25, in line with previous guidance provided by the Company.