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Connexion Mobility Ltd (ASX:CXZ)

ALERT: Price-sensitive ASX Announcement for CXZ
Current share price for CXZ : $0.022 0 (0%)+
Announcement
Release
20 Aug 2026 11:19AM
Price at Release
$0.022
Full Release
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Summary
Connexion Mobility Ltd's Appendix 4E and Annual Report for the year ended 30 June 2026 provides a comprehensive overview of its financial performance and strategic activities. The company reported a revenue increase to US$12.3 million and a slight decrease in profit after tax to US$2.45 million. Connexion Mobility Ltd expanded its operations into Canada and acquired Hallam Road Automotive to diversify earnings and enhance shareholder value. The company operates through its Connexion Software and newly acquired Connexion Automotive divisions. No dividends were declared for the year, and the company's shares are traded on the Australian Securities Exchange under the code CXZ.
Key Points
  • Revenue for FY26 was US$12.3 million, an increase of 10% from the previous year.
  • Profit after tax for FY26 was US$2.45 million, a slight decrease from the prior year.
  • Connexion Mobility Ltd acquired 100% of Hallam Road Automotive on 22 May 2026.
  • The company operates two main divisions: Connexion Software and Connexion Automotive.
  • Major revenue contributions came from SaaS platforms and automotive service expansions.
  • The acquisition of Hallam Road Automotive aimed to enhance shareholder value and diversify earnings.
  • The company's shares are listed on the Australian Securities Exchange under the code CXZ.
  • Connexion Mobility Ltd successfully expanded its operations into Canada during FY26.
  • The company managed a significant minority stake in Covertrue Group, acquired in September 2025.
  • There were no dividends declared for the current or previous financial year.
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.