• Marketplace subscription growth emerging
• OnDemand product progressed from pilot to general launch
• Increasing focus on user engagement & insights to drive dealership sales

Connexion Mobility Ltd ('Connexion' or the 'Company') reported strong operational performance in the half-year ended 31 December 2024, underpinned by continuous product upgrades, steady team expansion, the general launch of the OnDemand product, onboarding of INEOS dealership customers, collaboration with Isuzu Finance of America, and testing of new integrations. The Company achieved a Net Profit Before Tax of $1.53m and Operating Cashflow of $0.58m. Subscription gross margin remained sound, driven by proprietary feature delivery, commercial partnership revenue growth, and userbase expansion. Connexion added 60 unique product sales during the period and is focused on improving customer concentration through deepening relationships with existing OEM counterparts, initiating relationships with other OEM departments and franchised dealerships, and onboarding new OEMs and commercial partners. The Company's cash management strategy delivered an annualized net return of 7.90% on liquid investments of approximately $4.5m, and the Company repurchased ~56m shares. Connexion is positioned for growth, with a strong balance sheet, no debt, and a focus on proprietary features, commercial partnerships, and userbase expansion.

The Company reported revenue of $5.45m, gross profit of $3.81m, and net profit after tax of $1.09m for the half-year ended 31 December 2024.

Connexion's mission is to be the 'Connexion' between Fleet Owners and the Future of Mobility, starting within the niche of Courtesy Transportation for Automotive Retail. The Company intends to continue growing its SaaS revenue streams through proprietary features, commercial partnerships, and userbase expansion.