Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Carly Holdings Ltd (CL8.ASX) |
|---|---|
| Release Time | 31 Oct 2025, 2:17 p.m. |
| Price Sensitive | Yes |
CL8 Provides Quarterly Update, Focuses on New Opportunities
- Finalised disposal of Carly Car Subscription business
- Received shares and partial cash proceeds from Carbar Holdings
- Significantly reduced expenses, with only residual corporate costs remaining
- Actively seeking new opportunities to deliver value to shareholders
CL8 Holdings Limited (CL8 or the Company) has released its consolidated cash flow report and activities update for the quarter ended 30 September 2025. During the quarter, the Company finalised the completion adjustments associated with the disposal of its Carly Car Subscription business. It received shares in Carbar Holdings Pty Ltd valued at $353,000 and partial cash proceeds of $63,000. Further cash proceeds of $57,000 have been received after the end of the quarter, with additional funds expected in the December quarter. CL8 intends to continue holding the Carbar shares to gain future appreciation of value. Following the quarter end, Carbar announced the acquisition of the HelloCars Subscription business, continuing its strategy to strengthen the scale and brand coverage of the group. Expenses have been significantly reduced, with only residual corporate costs remaining after the termination of the office lease at the end of October. The term deposit that secured the office will be returned in the December quarter. The Company is actively seeking other opportunities to deliver value to shareholders, with a number of options explored during the quarter. It has reduced its overheads to a level consistent with its market capitalisation and operations while it seeks new opportunities.
The Company is actively seeking other opportunities to deliver value to shareholders. A number of opportunities were explored during the quarter and this remains ongoing. The Company has reduced its overheads to a level consistent with its market capitalisation and operations whilst it seeks other opportunities.