Candy Club (CLB) Q2 2025 TU earnings summary

Executive summary

• Shareholder approval obtained for acquisition of Scalare Partners Pty Ltd, including share consolidation and capital raising initiatives.

• Public Share Offer is open and scheduled to close on 25 October 2024, with ongoing efforts for ASX re-compliance.

Financial highlights

• Net cash used in operating activities was $(64,000) for the quarter ended 30 September 2024.

• No receipts from customers or other material cash inflows during the quarter.

• Net cash from financing activities was $63,000, including $210,000 in borrowings and $(147,000) in transaction costs.

• Cash and cash equivalents at quarter end totaled $1,000.

Outlook and guidance

• Company expects successful requotation and recapitalisation to provide suitable finance for ongoing activities.

• Existing shareholders are expected to provide funds as required to support continued operations.