• Revenue growth from Connexion subscriptions, vehicle inventories, and feature-enhancement delivery
• Decreased Growth Spend across R&D and Sales & Marketing
• Increased Gross Profit and Net Profit Before Tax

Connexion Mobility Ltd ('Connexion' or the 'Company') is pleased to provide an update on its activities for the quarter ended 31 December 2024 ('Q2 FY25' 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 FY25 consisted of revenue growth from Connexion subscriptions, revenue growth from income linked to vehicle inventories, revenue growth from feature-enhancement delivery, and decreased Growth Spend across R&D and Sales & Marketing. Gross Profit increased 3% quarter-on-quarter ('Q-o-Q'), to $1.93m. Net Profit Before Tax ('NPBT') increased 68% Q-o-Q, to $0.96m. Connexion's top priority is growing long-term Shareholder value, being a function of the size, sustainability, and diversification of diluted earnings per share. The Company's strategic and financial objectives are fully funded, and while Growth Spend has decreased in the past two quarters, it is expected to resume an upward trend as Connexion pursues the growth opportunity before it.

Q2 FY25 revenue of $2.8m (+6% over prior quarter), Gross Profit of $1.93m (+3% over prior quarter), Diluted Earnings Per Share of 0.077 US cents (+71% over prior quarter), and Net Profit Before Tax of $0.96m (+68% over prior 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, and expansion of the Userbase itself to new OEMs and franchised dealerships.