• Revenue growth from Connexion subscriptions
• Revenue growth from income linked to vehicle inventories
• Revenue contraction from feature-enhancement delivery
• Decreased Growth Spend across R&D and Sales & Marketing

Connexion Mobility Ltd ('Connexion' or the 'Company') provided an update on its activities for the quarter ended 31 March 2025 ('Q3 FY25'). Connexion continued to supply its mobility SaaS platforms, OnTRAC and Connexion, to US Automotive OEMs and franchised dealers, to manage their courtesy transportation activity. Financially, Connexion's performance in Q3 FY25 consisted of revenue growth from Connexion subscriptions, revenue growth from income linked to vehicle inventories, revenue contraction from feature-enhancement delivery, and decreased Growth Spend across R&D and Sales & Marketing. Gross Profit decreased 1% quarter-on-quarter ('Q-o-Q'), to $1.9m. Net Profit Before Tax ('NPBT') decreased 13% Q-o-Q, to $0.83m. Connexion's top priority is growing long-term Shareholder value, being a function of the size, sustainability, and diversification of diluted earnings per share. The company continued to focus on improving revenue diversification, deepening commercial relationships with existing OEM and dealership customers, and initiating new relationships. Connexion's financial position remained sound, with steady growth in subscriptions and a slight decrease in service revenue. The company recognized total revenue during the Quarter of $2.83m, a 1% increase over the prior quarter, and a record tenth consecutive quarter of increased revenue. Subscription Revenue increased by 3% over the prior quarter, while Fixed-dollar SaaS Revenue remained steady and Service Revenue decreased by 9%. Diluted EPS for the quarter was 0.068 US cents, down 12% when compared to Q2 FY25. Connexion's Growth Spend reflects its investment into product-based growth initiatives, with R&D expenditure decreasing by 12% and Sales & Marketing expenditure increasing by 11.7% over the prior quarter. Net Cash and Investments (NCI) increased by $0.61m, bringing total NCI to $5.1m at the end of the Quarter.

Connexion reported Q3 FY25 revenue of $2.8m (+1% over prior quarter), gross profit of $1.9m (-1% over prior quarter), and net profit before tax of $0.83m (-13% over prior quarter).

Connexion's mission is to be the 'Connexion' between Fleet Owners and the Future of Mobility, starting within the niche of Courtesy Transportation for Automotive Retail. The company sees OEMs and Dealer Groups increasingly adopting software to improve customer experience, drive operational efficiency, and reduce risk, and Connexion's software delivers on each of these. Connexion intends to continue growing its SaaS revenue streams via proprietary features, commercial partnerships, and expansion of its user base to new OEMs and franchised Dealer Groups.