• Positive net operating cash flow from robust trade receivables collection
• No capital expenditures during the quarter
• Healthy cash flow position expected to continue in Q1 2026

Victor Group Holdings (ASX: VIG) released its cash flow report for the December 2025 quarter (Appendix 4C) and provided an update on key areas of activity. The company and its subsidiaries provide IaaS, SaaS & PaaS services as well as e-learning and cloud education platforms. During the quarter, the IaaS, SaaS & PaaS segment collected around $4.22 million in trade receivables, contributing to a positive operating cash flow. The company delivered software including data management and operating system solutions for various clients. Cash and cash equivalents for the consolidated entities totaled $591K at the end of the quarter, and the company has no external debt obligations. The e-learning and cloud education segment did not record any trade receivables or sales contracts during the quarter, but the company has established partnerships with e-learning providers to support its market positioning. Management anticipates growth in this segment driven by increasing demand for IT and AI-related vocational training courses. The positive net operating cash flow was primarily attributable to the robust collection of outstanding trade receivables, and the company did not incur any capital expenditures during the period. Management expects the Group to maintain a healthy cash flow position in the subsequent quarter.

Management anticipates that the Group will maintain a healthy cash flow position in the subsequent quarter.