• Disposed of Carly Car Subscription business to Carbar Holdings
• Reduced overheads to align with market capitalization
• Intends to hold Carbar shares and seek new growth opportunities

Carly Holdings Ltd (ASX:CL8) has released its quarterly cash flow report and business update for the quarter ended 30 June 2025. The company has disposed of its operating entities of the Carly Car Subscription business to Carbar Holdings Pty Ltd, which occurred on 1 May 2025. The cashflow report represents the operations of the Carly Car Subscription business for the period until the disposal, as well as corporate costs for the full quarter. The reduction in all cashflow items compared to the previous quarter were reflective of the single month of core operations. CL8 intends to continue to hold the shares in Carbar to gain future appreciation of value and intends to continue as an ASX listed company and seek other opportunities to deliver growth to shareholders. The company has reduced its overheads to a level consistent with its market capitalization and operations whilst it seeks other opportunities. At the end of the June 2025 Quarter, the company maintained a cash balance of $19,000 and is expecting to receive the final cash proceeds relating to the disposal of its main operating entities, which will be sufficient to fund the company whilst it considers additional opportunities.

The company intends to continue to hold the shares in Carbar to gain future appreciation of value and intends to continue as an ASX listed company and seek other opportunities to deliver growth to shareholders.