CARMA LIMITED — Capital/Financing Update 2026

Apr 6, 2026

Carma Limited (ASX: CMA) ABN 20 648 091 418

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ASX Announcement 7 April 2026

Retail Deliveries Update

In March 2026 Carma delivered 255 Retail Units, with a total of 774 delivered in the three months to 31 March 2026. This is a 73% increase compared with the 448 Retail Units delivered in the three months to 31 March 2025.

The number of Retail Units delivered from month to month can vary based on period specific factors including the number of operating and delivery days in the relevant month, public and school holidays and other seasonal factors.

Period	Retail Units delivered	Retail Revenue1	Reconditioning Daysinperiod2
July2025	166	$5.3m	23
August 2025	232	$7.2m	21
September 2025	235	$7.1m	22
Q1 FY 2026	633	$19.6m	66
October 2025	249	$7.5m	22
November 2025	253	$7.5m	20
December 2025	244	$7.0m	18
Q2 FY 2026	746	**$22.0m **	60
January2026	249	$7.1m	19
February2026	270	$8.1m	20
March 2026	255	$7.5m	22
Q3 FY 2026	774	$22.7m	61

Note:

[1] Retail Revenue is the revenue generated from the sale of used vehicles to retail customers online made through Carma’s website. Carma also earns revenue from the sale of used vehicles to wholesale customers, and other revenue including origination of customer loans, extended coverage and the referral of insurance products. The figures in the table are unaudited.

2 Reconditioning Days is the number of days reconditioning operations were active.

Background

Carma’s IPO Prospectus dated 16 October 2025 included a table (Figure 41, page 69 – included below) which showed the quarterly retail inventory units delivered for the period Q1 FY 2023 to Q1 FY 2026.

In order to assist investors in understanding the key drivers, monthly variability and seasonality of revenue in its early stage as a listed company, Carma has decided that for a minimum of the

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prospectus forecast period to June 2026, it will release to the ASX its monthly Retail Units delivered and Retail Revenue .

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This announcement has been authorised by the CEO

For all investor enquires: Lachlan MacGregor, CEO (02) 8319 3210 ir@carma.com.au

For all media enquires: Sling & Stone (02) 8073 5390 carma@slingstone.com

About Carma Limited

Carma is transforming the way Australians buy and sell pre-owned cars. Headquartered in Sydney, Australia, Carma is a fully digital platform that delivers a simpler, smarter and more transparent experience. With an extensive range of quality vehicles, every car is rigorously inspected and reconditioned through a process that's verified by the NRMA, who have named Carma their Preferred Used Car Dealership.

Customers can buy online and checkout in under 10 minutes with fixed pricing, integrated finance, extended coverage, and a 7-day return policy. Selling is just as seamless: customers receive a fast, data-driven offer and instant payment. It’s a safer, smarter alternative to private sales, without the hassle or risk. Visit carma.com.au to learn more.

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