Connexion Mobility (ASX: CXZ), a diversified automotive software and services company that provides software platforms like OnTRAC for courtesy transportation to OEMs and thousands of dealerships across North America, alongside automotive service and repair operations in Melbourne, has reported a robust performance for the first quarter of financial year 2027, ending 30 September 2026. The company announced record revenue, marking its inaugural full quarter operating with its diversified automotive software and services model.
For the quarter, Connexion Mobility posted preliminary and unaudited operating revenue of US$3.8 million, representing a 14% increase quarter-on-quarter and a 33% rise year-on-year. Including investment income, total revenue reached US$4.05 million. Gross profit for the period stood at US$2.3 million, up 12% from the prior quarter and 19% year-on-year. Net Profit Before Tax saw a significant uplift of 63% year-on-year, reaching US$1.2 million, an increase of 9% quarter-on-quarter. The company also reported a healthy Net Cash & Investments balance of US$4.0 million as of 30 September, up from US$3.8 million at 30 June.
The Connexion Automotive segment, in its first full quarter, contributed US$0.75 million in revenue and US$0.25 million in Net Profit Before Tax, representing 19% of Group revenue. While late-quarter trading saw some seasonal easing in workshop volumes, margins remained consistent. Within Connexion Software, marketplace subscriptions grew by 27 to reach 297. Post-quarter, Connexion Mobility announced that Hyundai Motor America had appointed it as the exclusive supplier for Dealer Lot Management, with development already underway. The company is also actively pursuing the renewal of its General Motors US agreement and exploring new OEM partnerships, while focusing on enhancing proprietary software features and operational quality in its automotive services.
