• Second consecutive quarter of positive operating cash flows
• Seven new customers signed, including three from mining & resources sector
• $487k in new Contractor ARR, bringing total to $6.4m (29% increase YoY)

Felix Group Holdings Ltd (ASX:FLX) reported a second consecutive quarter of positive operating cash flows in Q2 FY25, with a $148k inflow recorded during the quarter. This represents a significant improvement of $833k year-over-year, transitioning from a $675k outflow in Q2 FY24 to a $148k inflow in Q2 FY25. In H1 FY25, operating cash flows were $493k, relative to $(1,250)k in H1 FY24 (139% improvement YoY). The company signed seven new customers and five expansion deals in Q2 FY25, which has delivered $487k in new Contractor ARR. Key contract wins included Karara Mining, a prominent mining company, and a 3-year expansion deal with GPT Group, one of Australia's largest diversified property groups. The company has continued to experience accelerating traction within the mining & resources sector, which has now become Felix's second-largest customer sector. Contractor MRR for the closing month of Q2 FY25 reached $521k, a 22% increase on pcp. The Vendor Marketplace has also continued to scale, reaching 115,266 vendors in Q2 FY25, a 27% increase from 90,522 in Q2 FY24.

Contractor ARR reached $6.4m in Q2 FY25, a 29% increase on pcp. Total Group ARR reached $8.3m in Q2 FY25, reflecting a 22% increase from $6.8m in Q2 FY24.