Latest Cl8 Holdings (Asx:Cl8) News

CL8 Holdings has finalized proceeds from its Carly Car Subscription sale, slashed expenses, and is actively pursuing new business opportunities despite a lean cash position.

CL8 Holdings has completed the sale of its Carly Car Subscription business to Carbar Holdings, retaining a stake in the merged entity and signaling a strategic pivot towards new growth opportunities.

CL8 Holdings has completed a strategic merger of its Carly car subscription business with Carbar Holdings, combining two of Australia’s leading platforms. The company retains a stake in the merged entity and plans to pursue fresh growth opportunities while streamlining operations.

CL8 Holdings Limited reported strong subscriber growth and revenue gains in the March 2025 quarter, while preparing to sell its operating entities to streamline costs and improve cash flow.

Carly Holdings Limited has agreed to merge its car subscription operations with Carbar Holdings in a $3.8 million deal, aiming to create a larger, more competitive player in Australia’s growing car subscription sector.

Carly Holdings Limited has reported a 41% jump in customer receipts and its highest-ever subscription revenue in the December 2024 quarter, alongside significant cost reductions and strategic fleet adjustments.