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Felix Group Holdings Ltd. ( (AU:FLX) ) just unveiled an announcement.
Felix Group Holdings Ltd has reported its second consecutive quarter of positive operating cash flows in Q2 FY25, with a significant year-over-year improvement driven by effective cost management and a focus on sustainable growth. The company secured seven new customers and five contract expansions during the quarter, notably with Karara Mining and GPT Group, indicating strong traction in the mining and resources sectors. This expansion is supported by an increased demand for enhanced ESG reporting and supply chain compliance. Felix’s Contractor ARR grew by 29% year-over-year, reaching $6.4 million, contributing to a total Group ARR of $8.3 million, a 22% increase. The Vendor Marketplace also expanded by 27%, underscoring the company’s ongoing growth and market penetration.
More about Felix Group Holdings Ltd.
Felix Group Holdings Ltd is a company operating in the digital solutions industry, focusing on providing innovative procurement and vendor management platforms. The company primarily serves sectors such as mining, resources, construction, and property management, aiming to enhance supply chain compliance and ESG reporting through digital transformation.
YTD Price Performance: -13.04%
Average Trading Volume: 78,516
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$40.9M
For a thorough assessment of FLX stock, go to TipRanks’ Stock Analysis page.
