Slide 1: Adcore's Q2 2026 Earnings Call
T S X : A D CO | OTCQX : A D CO F Adcore's Q2 2026 Earnings Call August, 2026
Slide 2: Hosts
Adcore's Q2 2026 Earnings Call | August 2026 Hosts Martijn van den Bemd Omri Brill Amit Konforty CPO & Investor Relations CEO CFO 2
Slide 3: Agenda
Adcore's Q2 2026 Earnings Call | August 2026 Agenda • Forward Looking Statements • CEO Opening Remarks • AI Studio latest Innovation • CFO Financial Highlights • Q&A 3
Slide 4: Forward Looking Statements
Adcore's Q2 2026 Earnings Call | August 2026 This conference call contains certain forward-looking information and forward-looking statements (collectively “forward-looking information”), including statements about the Company. Forward-looking information may relate to Forward the Company’s financia
Slide 5: CEO Opening Remarks
Adcore's Q2 2026 Earnings Call | August 2026 CEO Opening Remarks 5
Slide 6: Q2 2026 Report Highlights
Adcore's Q2 2026 Earnings Call | August 2026 Q2 2026 Report Highlights • Revenue Up 10% as North America Grows 27% • Adcore delivered a strong Q2 2026 with higher gross profit, improved margins, positive Adjusted EBITDA 6
Slide 7: Quarterly Revenue
Adcore's Q2 2026 Earnings Call | August 2026 12.1 Quarterly 7.6 8.5 Revenue 6.5 7.2 CAD in million 3.8 Quarterly Revenue (↑10% YoY) 3.1 3.1 3.1 3.7 Gross Profit (↑19% YoY) Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 7
Slide 8: Quality Growth KPIs
Adcore's Q2 2026 Earnings Call | August 2026 3.9M 3.8M 3.7M 3.7M 3.7M 3.1M 3.1M 3.1M 3.1M 3.1M 2.9M Quality Growth KPIs Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 10.8M 10.6M CAD in millions 10.3M 9M 8.1 M 8M 7.3M 7.3M 6.7M 5.1M Gross profit 4M Cash and c
Slide 9: Second Quarter 2026 Detailed Highlights
Adcore's Q2 2026 Earnings Call | August 2026 • Revenue was CAD $7.2 million in Q2 2026 versus CAD $6.5 million in Q2 2025 an increase of 10%. Second • Gross profit was CAD $3.7 million in Q2 2026, versus CAD $3.1 Quarter million in Q2 2025, an increase of 19%. • EMEA Q2 revenue was CAD $2.0 million
Slide 10: First Half 2026 Detailed Highlights
Adcore's Q2 2026 Earnings Call | August 2026 • Revenue was CAD $15.7 million in H1 2026 versus CAD $13.5 million in H1 2025 an increase of 16%. First Half • Gross profit was CAD $6.8 million in H1 2026, versus CAD $6.2 2026 million in H1 2025, an increase of 10%. • APAC H1 revenue was CAD $9.2 milli
Slide 11: 4 Agents funnels that run themselves.
Adcore's Q2 2026 Earnings Call | August 2026 4 Agents End-to-end sales funnel coverage From first touch to retained customer Imagine sales funnels that run themselves. 01 Inbound Agent SHIPPED IN Q1 02 Outreach Agent SHIPPED IN Q2 IN THE WORKS AI agents closing every deal, from lead to revenue. Stop
Slide 12: Design like a pro, without being one.
Adcore's Q2 2026 Earnings Call | August 2026 NOW OUT OF BETA Design like a pro, without being one. Branded ad creative, generated in seconds. Banners, videos, social - ready for every channel. 12 12
Slide 13: Comparable Companies
T S X : A D CO | O TCQX : A D CO F Adcore's Q2 2026 Earnings Call | August 2026 EV / ENTERPRISE GROSS Comparable COMPANY NAME TICKER MARK CAP VALUE (EV) PROFIT Inuvo Inc INUV US Equity 23.7 21.2 0.3 Companies Illumin Holdings Inc ILLM TO Equity 41.5 8.5 0.1 Fluent Inc FLNT US Equity 167.9 196.7 2.
Slide 14: AI Studio latest Innovation
Adcore's Q2 2026 Earnings Call | August 2026 AI Studio latest Innovation 14
Slide 15: CFO Financial Highlights
Adcore's Q2 2026 Earnings Call | August 2026 CFO Financial Highlights
Slide 16: Comprehensive Income
Adcore's Q2 2026 Earnings Call | August 2026 Comprehensive Income Three months ended Three months ended CAD in million June 30, 2026 June 30, 2025 Revenues 7.2 6.5 Cost of revenues 3.5 3.4 Gross profit 3.7 3.1 RnD 0.6 0.5 SG&A 3.7 3.1 Operating profit (loss) (0.6) (0.5) Finance expenses 0.3 0.1 Fina
Slide 17: Revenues and Gross Profit
Adcore's Q2 2026 Earnings Call | August 2026 Revenues and Gross Profit Quarterly First Half Yearly CAD in +16% 15.7 32.5 33.3 millions 13.6 31.2 +10% 7.2 20.3 8.9 18.9 6.5 7.4 18.5 3.5 3.4 3.7 3.1 6.8 13.6 13 6.2 12.7 COR Gross profit Q2 2025 Q2 2026 H1 2025 H1 2026 2023 2024 2025 17
Slide 18: Q2 2026 Revenue Breakdown
Adcore's Q2 2026 Earnings Call | August 2026 Q2 2026 Revenue Breakdown North America +27% YoY 20% of total APAC +4% YoY EMEA +12% YoY 52% of total 28% of total 18
Slide 19: Financial Position - Assets
Adcore's Q2 2026 Earnings Call | August 2026 Financial Position - Assets CAD in million 30.06.26 31.12.25 CURRENT ASSETS Cash and cash equivalents 4.0 10.3 Trade accounts receivable, net 5.4 5.2 Other accounts receivable 0.5 0.4 Total current assets 9.9 15.9 NON-CURRENT ASSETS Property, plant and eq
Slide 20: Financial Position - Liabilities
Adcore's Q2 2026 Earnings Call | August 2026 Financial Position - Liabilities CAD in million 30.06.26 31.12.25 Debt free CURRENT LIABILITIES Trade accounts payable 4.1 8.4 Other accounts payable 2.5 2.2 Lease liability 0.2 0.2 Total current liabilities 6.8 10.8 NON-CURRENT LIABILITIES Lease liabilit
Slide 21: Adjusted EBITDA
Adcore's Q2 2026 Earnings Call | August 2026 Adjusted EBITDA Three months ended Three months ended CAD in thousands June 30, 2026 June 30, 2025 Operating profit (loss) (570) (466) Depreciation and amortization 417 354 Share-based payments 6 65 Other unusual and non-recurring items 189 203 Total Adju
Slide 22: Q&A
Adcore's Q2 2026 Earnings Call | August 2026 Q&A
Slide 23: Thank You.
Adcore's Q2 2026 Earnings Call | August 2026 T S X : A D CO | OTCQX : A D CO F Thank You. For more information visit adcore.com/investors