Quarterly Activities/Appendix 4C Cash Flow Report

• Net cash inflows from operating activities of $148,000, first quarterly cash profit
• Receipts from customers up 43% QoQ and 33% on PCP to $536,000
• Operating costs down 42% QoQ and 35% on PCP to $388,000

Propell Holdings Limited (ASX:PHL) has provided a summary of its activities and cashflows for the quarter ended 30 September 2024. Key highlights include: Financial - Net cash inflows from operating activities of $148,000, representing the first quarterly cash profit since the company was listed in April 2021. Receipts from customers were up 43% QoQ and 33% on PCP to $536,000, due to significant loan book growth during the previous quarter. Operating costs were down 42% QoQ and 35% on PCP to $388,000. Lending - Loan book remained relatively flat during the quarter. Average loan size on originations was up 3% QoQ and 3.8x on PCP to $92,000. Weighted average interest rate on originations was steady at 2.55% per month. Operations - Developed an automated online credit assessment tool for brokers that significantly reduces the time to obtain a conditional credit decision, which is expected to lead to an increase in deal flow. Pricing structure review to improve the company's working capital cycle. Propell's credit assessment capability has adapted to continue to maintain arrears below industry benchmarks.

The company expects to achieve sustained profitability as its loan book continues to grow with strong lending margins, supported by obtaining a new and increased wholesale funding facility, boosting lending growth through its broker referral network, and maintaining its current cost base while scaling the business and customer base.

Propell is focused on becoming the go-to finance solution for small businesses, providing a single place where businesses can manage their entire financial life in a simple, convenient and digital way. The company continues to pursue organic and acquisition opportunities to add to its product offering.