• Steady revenue from Connexion subscriptions
• Revenue decline from income linked to vehicle inventories
• Steady revenue from feature-enhancement delivery

Connexion Mobility Ltd ('Connexion' or the 'Company') provided an update on its activities for the quarter ended 31 December 2025 ('Q2 FY26' or 'the Quarter'). 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 Q2 FY26 consisted of steady revenue from Connexion subscriptions, revenue decline from income linked to vehicle inventories, and steady revenue from feature-enhancement delivery. Gross Profit ('GP') declined 12% quarter-on-quarter ('Q-o-Q'), to $1.7m, due to an internal shift in labour allocation from new to existing features. Net Profit Before Tax ('NPBT') increased 18% Q-o-Q, to $0.8m, mainly due to a decline in expenses. Connexion recorded total revenue during the Quarter of $2.9m, down 1% vs Q1 FY26, ending the streak of twelve consecutive quarters of increased revenue. Subscription Revenue and Fixed-Dollar SaaS revenue decreased by 1% vs the previous quarter, while Service Revenue decreased over the prior quarter by 3%. Connexion's financial position remained positive during the Quarter, with Net Cash & Investments increasing by $0.3m to $6.7m at the end of the Quarter.

Connexion intends to continue growing its SaaS revenue streams via proprietary features valued by its existing Userbase of franchised dealerships, Commercial Partnerships bringing complementary functionality to this existing Userbase, and expansion of the Userbase itself to new OEMs and franchised Dealer Groups. With internal reinvestment fully-funded, Connexion is actively sourcing and assessing alternative, profitable uses for its capital, which includes potential M&A.