Appendix 4D and Half Year Report
| Stock | Carly Holdings Ltd (CL8.ASX) |
|---|---|
| Release Time | 10 Mar 2025, 1:52 p.m. |
| Price Sensitive | Yes |
Carly Holdings Reports H1 FY25 Results
- Revenue up 34.3% to $2.18m
- Loss from continuing operations up 9.3% to $2.34m
- Net liabilities increased 69.8% to $5.66m
- Auditor's review report contains emphasis of matter on going concern
Carly Holdings Limited recorded operating revenue of $2,179,772 for the half year ended 31 December 2024, an increase of 34.3% compared to the prior year period. The loss from continuing operations for the half year was $2,339,510, up 9.3% from $2,141,366 in the prior year period. The net loss for the period attributable to members was also $2,339,510, up 9.3%. Net liabilities increased by 69.8% to $5,661,142 as at 31 December 2024 compared to June 2024. The growth in Carly's owned fleet of vehicles has had a direct impact on the H1 FY25 gross profit through higher vehicle depreciation and general vehicle costs. The independent auditor's review report contains an emphasis of matter in relation to going concern, drawing attention to Note 1(b) of the interim financial report which states that the factors described indicate the existence of a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern. However, the Directors confirm their belief that the Group will be able to pay its debts as and when they become due and payable and continue as a going concern.