• 41% increase in Customer Receipts vs December 2023 Quarter
• 9% increase in Subscription Revenue to record highest revenue
• 30% decrease in Net Cash Used in Operating Activities vs December 2023 Quarter

Carly Holdings Limited (ASX:CL8) has presented its consolidated cash flow report and business update for the quarter ended 31 December 2024. The company has continued to deliver on its business objectives and achieved growth in active subscribers. Key highlights include a 41% increase in Customer Receipts vs December 2023 Quarter and 5% increase vs September 2024 Quarter, exceeding $1.7 million for the first time. Subscription Revenue increased by 9% vs September Quarter 2024, recording the highest revenue result ever achieved since launch. Staff Costs decreased by 11% vs December 2023 Quarter, including redundancy costs following headcount reduction, and Advertising and Marketing costs decreased by 18% vs December 2023 Quarter and 13% vs September 2024 Quarter, despite the increase in consumer and corporate subscribers. Net Cash Used in Operating Activities decreased by 30% vs December 2023 Quarter. The asset light fleet represented 34% of total fleet size, up from 32% at the end of the September 2024 Quarter, as more automotive dealers and manufacturers seek subscription monetization for their vehicles via Carly. During the quarter, Carly reviewed its fleet of owned vehicles and disposed of $556,000 worth of vehicles.

The company is currently assessing a range of options in relation to the funding and financing arrangements of the business and the Directors continue to closely monitor cash flows.