• Revenue up 71% to $3.6 million
• Loss from continuing operations up 33% to $4.2 million
• Net tangible assets per share decreased to (1.25) cents

Carly Holdings Limited (the Company) reported its financial results for the year ended 30 June 2024. The Group's revenue from continuing operations increased by 71% to $3,600,138, while gross profit increased by 40%. However, the Group incurred a loss of $4,177,330 for the year, up 33% from the previous year. The reduction in the Net Tangible Asset per Share result in 2024 reflects the 2024 capital raise and increase in debt to fund the acquisition of new vehicles. The Company continued to deliver strong revenue growth in FY24 supported by a significant increase in fleet size and a balanced move into electric vehicles, supported by the launch of EV Trial. Fleet growth was achieved by additions of asset heavy vehicles supported by access to asset finance facilities and growth in the asset light fleet as automotive manufacturers and dealers seek alternative revenue streams for vehicles. Carly's proprietary online customer verification platform, PeerPass, and telematics systems continued to de-risk the operation of the fleet and contributed to the receipt of a rebate for achieving low claims loss ratio targets for the motor fleet insurance policy as well as a reduction in per vehicle insurance premium.