Half Yearly Report and Accounts
| Stock | Connexion Mobility Ltd (CXZ.ASX) |
|---|---|
| Release Time | 11 Feb 2026, 10:08 a.m. |
| Price Sensitive | Yes |
Connexion Mobility Reports 7% Revenue Growth and 5% Profit Increase
- Revenues from ordinary activities up 7% to US$5,834,334
- Profit from ordinary activities after tax up 5% to US$1,143,877
- Working capital position improved to a surplus of US$2,006,533
Connexion Mobility Ltd reported a solid financial performance for the half-year ended 31 December 2025. Total revenues from ordinary activities for the consolidated entity were US$5,834,334, up 7% from the previous corresponding period. Profit after providing for income tax expense amounted to US$1,143,877, an increase of 5% compared to the prior year. The company's net assets also grew, reaching US$8,494,610 as at 31 December 2025, up from US$7,467,842 as at 30 June 2025. Connexion continued to expand the delivery of its automotive fleet & rental management Software as a Service (SaaS) solution to automotive manufacturers and franchised dealerships in the United States, while also investing in future growth. The company focused on keeping its mobile and desktop platforms at the forefront of fleet, rental, and mobility management capabilities, with development effort spread across various projects. Connexion also made progress in diversifying its revenue streams, including deepening commercial relationships with existing OEM customers, initiating relationships with new OEMs, and growing its Marketplace subscriptions.
Connexion intends to continue growing its SaaS revenue streams through proprietary features valued by its existing user base of franchised dealerships, commercial partnerships bringing complementary functionality, and expansion of the user base to new OEMs and franchised dealerships. The company's progress remains consistent with the plan presented at the most recent AGM.