• Receipts from customers up 16.6% to $15.8m
• Operating cash flows rose 308% to $1.6m
• Cash balance reached a new record of $19.9m with no debt

EZZ Life Science Holdings Limited (ASX: EZZ) presented its quarterly activity report and Appendix 4C cash flow statement for the quarter ended 31 December 2024 (Q2 FY25). The company achieved strong operational performance, with receipts from customers totalling $15.8m, up 16.6% on the previous corresponding period (PCP). The company also reported a $2.2m increase in customer receipts during the quarter despite a 3.9% reduction in advertising expenses compared to PCP. Operating cash flows rose to $1.6m, marking a 308% increase on PCP. EZZ's cash position remained robust, reaching a new record balance of $19.9m at 31 December 2024, with the company maintaining a debt-free position. During the quarter, EZZ leveraged consumer insights to successfully launch four innovative products, expanded its retail presence by securing listings in 14 new independent pharmacies, and advanced its plans for entering the US market. The company also strengthened its brand visibility through a strategic partnership with the Australian Open, including a launch event in mainland China and a pre-event content session in Melbourne. EZZ delivered exceptional results during the 2025 11.11 Global Shopping Festival, achieving an 84% year-on-year revenue increase across major marketplaces, totalling $5.9 million. The company also drove substantial sales growth in China through key opinion leaders (KOLs) and livestream marketing initiatives, and engaged the local Australian audience through a targeted influencer campaign.

EZZ expects to continue its strong operational performance, with a focus on advancing its US market entry plans and exploring potential product portfolio expansion into adjacent categories. The company remains well-positioned to pursue strategic acquisitions and capitalize on opportunities such as the Australian Open to enhance brand awareness across key international markets.

Looking ahead, EZZ remains focused on its strategic priorities, including replicating the successful digital and influencer marketing strategies in the US market, leveraging the Australian Open partnership to drive consumer engagement and brand awareness, and evaluating acquisition opportunities that align with its long-term goals.