Connexion Mobility Ltd (CXZ), a mobility software company servicing the global automotive retail industry, has released its quarterly update for the period ended 31 December 2025. The company’s mission is to be the ‘Connexion’ between fleet owners and the future of mobility, starting with courtesy transportation. Connexion continued to supply its mobility SaaS platforms, OnTRAC and Connexion, to US automotive OEMs and franchised dealers for managing courtesy transportation activities.
Financially, the company reported steady revenue from Connexion subscriptions and feature enhancement delivery, alongside a decline in revenue linked to vehicle inventories. Q2 revenue reached $2.9 million, a 1% decrease compared to the prior quarter. Gross profit declined 12% quarter-on-quarter to $1.7 million, attributed to an internal shift in labour allocation. However, net profit before tax (NPBT) increased by 18% quarter-on-quarter to $0.8 million, primarily due to a decrease in expenses. Diluted earnings per share (EPS) saw a 19% increase to 0.073 US cents, and operating cash flow grew by 24% to $0.5 million.
Connexion’s strategic focus remains on deepening customer relationships and investing in research and development. The company is actively exploring non-courtesy fleet management use-cases to broaden its revenue streams. Marketplace subscription growth is ongoing, though expected to flatten in the near-term due to adjustments in dealership sales personnel. Commercial partnerships with Tollaid and OnDemand continue to expand, with integrations underway with UVeye, Stripe, and Modives.
The company’s financial position remains strong, with net cash and investments of $6.7 million and no debt. Investment earnings totaled $0.1 million, accounting for 16% of group NPBT. Connexion repurchased 13.2 million shares during the quarter and continues to seek potential M&A opportunities, with a long-term objective to improve the size, sustainability and diversification of its earnings per share.
