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Connexion Mobility Ltd (ASX:CXZ)

ALERT: Price-sensitive ASX Announcement for CXZ
Current share price for CXZ : $0.023 0.002 (9.52%)+
Announcement
Release
23 Jul 2026 9:44AM
Price at Release
$0.021
Full Release
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Summary
The quarterly report for Connexion Mobility Ltd, for the period ending 30 June 2026, highlights substantial financial improvements and strategic developments. The company achieved a record high revenue of $3.4 million, marking a 12% increase quarter-on-quarter. The net profit before tax rose by 83% to $1.1 million, supported by a full quarter of earnings from GM Canada’s Enhanced Exposure Program and a recent acquisition of Hallam Road Automotive. Investment earnings also showed a significant increase. The company's strategy focuses on long-term shareholder value through diversification and reinvestment in core businesses. Their software platforms, OnTRAC and Connexion, continue to support North American OEMs, while the acquisition of Hallam Road Automotive enhances their service capabilities. Connexion remains committed to expanding its software and automotive services, aiming to be the 'Connexion' between fleet owners and the future of mobility.
Key Points
  • Record high revenue of $3.4 million, up 12% quarter-on-quarter.
  • Net profit before tax increased by 83% to $1.1 million.
  • Full quarter earnings contribution from GM Canada’s Enhanced Exposure Program.
  • Acquisition of Hallam Road Automotive enhances service capabilities.
  • Investment earnings grew by 64% quarter-on-quarter.
  • Focus on long-term shareholder value through diversification.
  • OnTRAC and Connexion platforms continue to support North American OEMs.
  • Commitment to expanding software and automotive services.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.