• Revenue growth from Connexion subscriptions
• Acquired a substantial minority ownership of Covertrue Group
• Continued focus on growing long-term shareholder value

Connexion Mobility Ltd ('Connexion') provided an update on its activities for the quarter ended 30 September 2025 ('Q1 FY26'). The company 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 Q1 FY26 consisted of revenue growth from Connexion subscriptions, revenue growth from income linked to vehicle inventories, and steady revenue from feature-enhancement delivery. Gross Profit increased marginally quarter-on-quarter ('Q-o-Q'), to $1.9m. Net Profit Before Tax ('NPBT') decreased 19% Q-o-Q, to $0.7m, mainly due to $0.2m in government incentives received in Q4 FY25 that were not repeated in Q1 FY26. Connexion's top priority is growing long-term Shareholder value, being a function of the size, sustainability, and diversification of its earnings per share. The company continued to focus on product enhancements, sales, and commercial partnerships, including the acquisition of a substantial minority ownership of Covertrue Group Pty Ltd. Connexion's financial position remained positive, with a significant increase in service revenue and a record twelfth consecutive quarter of increased revenue. The company's Net Cash & Investments portfolio has steadily grown its earnings, providing a meaningful, diversified, sustainable, and growing source of earnings.

Connexion reported Q1 FY26 revenue of $2.9m (+1% over prior quarter), Q1 gross profit of $1.9m (+1% over prior quarter), and Q1 net profit before tax of $0.7m (-19% 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 intends to continue growing its SaaS revenue streams through proprietary features, commercial partnerships, and expansion of its user base to new OEMs and franchised dealer groups. With internal reinvestment fully-funded, Connexion is also actively sourcing and assessing alternative, profitable uses for its capital, including potential M&A.