Quarterly Activities/Appendix 4C Cash Flow Report

• First half-year cash profit since listing in 2021
• New trade receivables loan facility product launched
• Automated online credit assessment tool for brokers introduced

Propell Holdings Limited (ASX:PHL) has provided a summary of its activities and cashflows (Appendix 4C) for the quarter ended 31 December 2024. Key highlights include: Financial - Year-to-date net cash inflows from operating activities of $105,000, representing the first half-year cash profit since the Company was listed in April 2021. Net cash flows from operating activities in Q2 FY25 was an outflow of $43,000. Receipts from customers were in line with the previous quarter and up 111% on PCP to $535,000, due to significant loan book growth during 2024. Operating costs up 49% QoQ and down 11% on PCP to $578,000. Lending - Loan book remained relatively flat during the quarter. Average loan size on originations steady QoQ and up 152% on PCP to $92,000. Weighted average interest rate on originations steady at 2.61% per month. Operations - Launched a new Trade receivables loan facility product whereby customers provide trade receivables as security for a loan facility with Propell, which is expected to result in an increase in Propell's loan approval rate and loan book growth. Introduced an automated online credit assessment tool for brokers that significantly reduces the time to obtain a conditional credit decision, which has resulted in an improved loan approval rate. The Company's recent revenue growth and substantial operating cost reductions reflect Propell's ability to grow without adding additional resources or compromising client experience. The focus areas for the coming quarters include obtaining a new and increased wholesale funding facility, boosting lending growth through the Company's established broker referral network, and maintaining the current cost base while scaling the business and customer base.

Based on Propell's near-term objective of sustained profitability, the Board expects that the operating cash results, headroom in the Company's debt facility, and the available cash at the end of the quarter will enable the Company to continue to meet its business objectives.

The Company continues to expand its growing broker referral network to facilitate loan book growth and pursue additional wholesale funds to continue to meet the anticipated demand going forward. Achievement of the Company's focus areas, in combination with Propell's improved operating metrics, is expected to achieve sustained profitability as the Company's loan book continues to grow with strong lending margins.