• Acquisition of 100% of Hallam Road Automotive for approximately A$5.0m
• Expected to be immediately accretive to Connexion's earnings per share by 25-35%
• Transaction to significantly reduce Connexion's operational FX risk exposure

Connexion Mobility Ltd has entered into a definitive agreement to acquire 100% of Hallam Road Automotive (HRA), a premier automotive service & repair centre located in Melbourne's South-East, for a total potential consideration of approximately A$5.0m. The acquisition is expected to be immediately accretive to Connexion's earnings per share (EPS) in the order of approximately 25-35%. The acquisition is expected to significantly improve the sustainability and diversification of Connexion's EPS. Additionally, the transaction is expected to significantly reduce Connexion's operational foreign exchange risk exposure. The transaction will be funded from Connexion's existing financial resources and a new A$2.5m amortising debt facility with National Australia Bank.

Acquisition expected to increase earnings per share by 25-35% (FY2026)

Connexion expects the acquisition to significantly improve the size, sustainability, and diversification of its earnings per share. The company also sees potential for further growth through bolt-on acquisitions and strategic partnerships.