Slide 1: Q3 2025 Investor Update
Q3 2025 INVESTOR UPDATE Sir Peter Beck, CEO Adam Spice, CFO November 10, 2025 —R ROCKETLAB
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Forward Looking Statements This presentation may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act o
Slide 3: Overview Highlights
OVERVIEW HIGHLIGHTS FINANCIAL RECO SPACE SYSTEMS REVENU $155m revenue in Q3 2025. Up 48% YoY vs Q3 2024. HIGHEST GROSS MARGINS Y BACKLOG EVER 49 launches on contract, with 17 of those signed in Q3 2025. 16x 100% MISSION COMPLEX 3 OPENED Our two Rocket Lab-built SUCCESS IN 2025 spacecraft for NASA ar
Slide 4: Consistent Execution: Overview
B OVERVIEW CONSISTENT EXECUTION RELIABLE DELIVERY & STRONG GROWTH, YEAR AFTER YEAR. REVENUE GROWTH GROSS MARGIN GROWTH $600M $592.1-$602.1* — 40% LAUNCH ($M) (o- case com [S}- space systems ($M) i Non-GAAP GM P $500M a0 266% 20% $400M a $300M 10% $200M 0% $100M -20% $OM -40% ~34%, 2020 2021 2022 202
Slide 5: Electron
SECTION OC) 1 ELECTRON
Slide 6: Electron Launch Backlog Value
ELECTRON UNCH BACKLOG VALUE YEAR-TO-DATE $509.7m. Year Over Year Growth $422.2m $386/3m. $409.6m 17x dedicated Electron Competition to place launches signed in Q3, 2025 constellations on orbit this decade with domestic & international and limited international sovereign constellation operators. laun
Slide 7: HASTE
®@ HASTE IN 8 DAYS LAUNCH COMPLEX 2, VIRGINIA, US Back-to-back launches Majority of HASTE launches with 100% mission success have flown within days of - advancing national each other — highlighting interests in hypersonic HASTE as the commercial technology development leader in regular and reliable
Slide 8: Electron On Track For New Annual Launch Record
® ELECTRON ON TRACK FOR NEW ANNUAL LAUNCH RECORD Four launches completed in Q3 On target for 20+ launches 2025 with 100% mission success. by the end of the year. 8 Rocket Lab | Q3 2025
Slide 9: Space Systems
SECTION SPACE SYSTEMS
Slide 10: Space Systems Acquisition Updates
® SPACE SYSTEMS ACQUISITION UPDATES PAYLOADS (GEOST, UNITED STATES) Closed Geost acquisition in August, expanding our end-to-end capabilities with launch, spacecraft, and now payloads for US. national security. Next up: scaling electro-optical and infrared sensor manufacturing for missile warning, t
Slide 11: Mars Ready: Spacecraft to Launch Within Days
SPACE SYSTEMS MARS READY: SPACECRAFT TO LAUNCH WITHIN DAYS Our two spacecraft for Mars missions are often NASA ESCAPADE mission to measured in decades and Mersiare ready tor launch billions of dollars. Our rom Cape Canaveral. spacecraft were designed, ESCAPADE demonstrates our built, integrated, and
Slide 12: SDA Tranche-2 Constellation Moves Into Production
®@ SPACE SYSTEMS SDA TRANCHE-2 CONSTELLATION MOVES INTO PRODUCTION The Space Development Agency has declared our components, systems, and Awards for ~54 spacecraft software for 18x T2TL for the SDA’s Tranche 3 spacecraft mission-ready, Tracking Layer have been advancing Rocket Lab to delayed by the
Slide 13: Neutron
ee toy, RAN SECTION NEUTRON
Slide 14: Neutron Path to First Launch
NEUTRON PATH T0 FIRST LAUNCH PROGRESS Neutron is moving closer to first launch, with significant progress made under an intensive qualification campaign across all systems. READINESS Prioritizing integrity and performance has been the cornerstone of our success with Electron. We're applying the same
Slide 15: Neutron Major Pieces Coming Together
& NEUTRON MAJOR PIECES COMING TOGETHER EXTENSIVE TESTING UNDERWAY ACROSS THE ENTIRE LAUNCH VEHICLE ———— . FR oy Wee’ iS PROPULSION THRUST STRUCTURE STAGE 1 TANK STAGE 2 STAGE 1UPPER HUNGRY HIPPO 15 Rocket Lab | 93 202:
Slide 16: Extensive Testing
EXTENSIVE eis paaeminiee _ ga &
Slide 17: Testing Structures
TESTING STRUCTURES
Slide 18: Neutron Testing Hungry Hippo
& NEUTRON TESTING HUNGRY HIPPO ITI Ae SZ <A eS — mA. 48 Rocket Lab | Q3 2025 Financ!
Slide 19: Neutron Testing Avionics, GNC, and Mission Operations
B® NEUTRON TESTING AVIONICS, GNC, AND MISSION OPERATIONS
Slide 20: Testing Archimedes Engine
TESTING ARCHIMEDES ENGINE
Slide 21: Neutron Development Return on Investment
NEUTRON DEVELOPMENT RETURN ON INVESTMENT THE MBB d TT
Slide 22: Neutron Launch Complex Ready for Lift-Off
B NEUTRON LAUNCH COMPLEX 3 READY FOR LIFT-OF Officially opened Neutron’s Launch Complex 3 now test and launch site in Q3, undergoing final 2025 on Wallops Island, VA — commissioning activities providing launch site before receiving and testing diversity and assured access Neutron flight hardware on
Slide 23: Financial Highlights and Outlook
SECTION FINANCIAL HIGHLIGHTS AND OUTLOOK
Slide 24: Financial Highlights: Revenue and Gross Margins
®@ FINANCIAL HIGHLIGHTS REVI EW OF REVEN UE AN D 6 ROSS MARG | NS Revenue increased 48% or $50.3M year-on-year, driven by an increase in launches from 3 to 4 as well as growth in both our satellite manufacturing and satellite component businesses. S155M 48% Sequential revenue increase of 7.3% quarte
Slide 25: Financial Highlights: Review of Backlog
B® FINANCIAL HIGHLIGHTS REVIEW OF BACKLOG $1.1 BILLION Q2'25 ENDING BACKLOG: $1.0B BACKLOG BY SEGMENT wSpace Systems mLaunch BACKLOG BY CUSTOMER Commercial m Government Q3'25 ENDING BACKLOG: $1.1B BACKLOG BY SEGMENT mSpace Systems mLaunch BACKLOG BY CUSTOMER = Commercial Sequential rebalancing in ba
Slide 26: Financial Highlights: Review of Operating Expenses
®@ FINANCIAL HIGHLIGHTS REVIEW OF OPERATING EXPENSES QUARTER-ON-QUARTER GAAP & NON-GAAP OPERATING EXPENSES $140 5 $116.3 $120 $106.0 « $98.1 $100 $456 $86.9 #80 $39.9 $26.6 $60 $40 $66.1 $70.7 con $20 $0 Q2 2025 Q3 2025 Q2.2025 Q3 2025 GAAP OPEX Non-GAAP OPEX R&D ($M) Mm SG&A ($M) GAAP and Non-GAAP
Slide 27: EPS, Non-GAAP Free Cash Flow, and Adj EBITDA
®@ FINANCIAL HIGHLIGHTS EPS, NON-GAAP FREE CASH FLOW, AND AD) EBITDA QUARTER-ON-QUARTER More than $1B in cash and cash equivalents, marketable securities and restricted cash, enables continued investment in strategic growth opportunities. GAAP EPS NON-GAAP FREE CASH FLOW ‘ADJ EBITDA Q22025 = Q3. 202
Slide 28: Q4 2025 Outlook
FINANCIAL HIGHLIGHTS 4 2025 OUTLOOK 4 2025 REVENUE OUTLOOK Expect revenue to range between $170 million to $180 million. Expect year-on-year increases in both Space Systems and Launch revenue. 4 2025 GAAP AND NON-GAAP GROSS MARGINS Expect GAAP gross margin to range between 37 - 39%, driven by operat
Slide 29: Q&A
QSA
Slide 30: Board of Directors
BOARD OF DIRECTORS ROCKET LAB BOARD MEMBER Matt Ocko is retiring from Thank you to Matt for his Rocket Lab’s Board of leadership, guidance, and Directors on November 30'* support throughout Rocket after 8+ years serving the Lab's evolution as a leading company. end-to-end space company. pany. Y.
Slide 31: Upcoming Investor Events
@ GENERAL UPCOMING INVESTOR EVENTS Deutsche Global Space Summit Nov. 16, 2025 Stephen Ananias, VP - Finance 31 Rocket Lab | Q3 2025 Fins <A BM edham oldman achs BANK OF AMERICA Needham Goldman Sachs Bank Of America Virtual Industrial And Defense & Conference Materials Aerospace Conference Forum Nov.
Slide 32: Thank You
THANK YOU rocketlabcorp.com ROCKETLAB