Ntg Clarity Networks Inc. · TSXV:NCI
Ntg Clarity Networks — Q1 2026 Earnings Presentation
13 slides from Ntg Clarity Networks's earnings presentation, May 28, 2026
Slide 1: Q1 2026 Presentation
Q1 2026 Presentation TSX-V: NCI May 28, 2026 OTC: NYWKF 1
Slide 2: Disclaimer
Disclaimer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: The information contained in this presentation has been prepared by NTG Clarity Networks (“NTG Clarity” or the “Company”). This presentation includes information, statements, beliefs and opinions which are forward-looking, and which r
Slide 3: Delivering A Consistent Track Record Of Growth
Delivering A Consistent Track Record Of Growth 20 $90,000,000 $85 $83 Rolling LTM1 Revenue $80,000,000 $77 (C$ millions) $70,000,000 $70 Consecutive quarters of LTM revenue growth $64 $56 $60,000,000 $47 ~60% $50,000,000 $39 $40,000,000 $33 $30,000,000 $22 $25 $28 5-Year Revenue CAGR (2023–2025) $19
Slide 4: Q1 2026: Revenue $21.3M
Q1 2026: Revenue Quarterly Performance 30,000,000 $21.3M (C$ millions) 25,000,000 $23.9 $19.7 $20.9 $21.3 Q1 2026 Revenue 20,000,000 $18.9 $17.2 +8.1% 15,000,000 $14.7 $12.5 $11.8 10,000,000 $8.2 Year-over-Year Growth $7.0 $6.1 $6.4 5,000,000 Q1 impacted by Ramadan and - Q1-23 Q2-23 Q3-23 Q4-23 Q1-2
Slide 5: Impact of Ramadan on Cost Structure
Impact of Ramadan on Cost Structure NORMAL QUARTER (Q4 2025) RAMADAN QUARTER (Q1 2026) Staff at client sites Same staff, holiday bench time Billable hours → COGS Hours not fully billable → G&A COGS → COGS Q4 run rate: $15.1M Down by $0.8M as some hours shifted to G&A Gross margin Gross margin ~36% C
Slide 6: Q1 2026: Profitability
Q1 2026: Profitability Q4 2025 Q1 2026 Q2 2026 (Illustrative) Revenue Revenue Revenue $23.9M $21.3M Ramadan over ↑ Adj. EBITDA $3.8M | 15.8% Adj. EBITDA recovers Adj. EBITDA $0.8M | 3.6% materially Cost base ≈ flat Total Cost Base Total Cost Base Same Cost Base ~$20.1M ~$20.6M No new costs COGS + G&
Slide 7: Tax Structure: Fixed
Tax Structure: Fixed FY2025 Going Forward ~20% What changed 37% KSA branch converted to LLC in November 2025. Saudi revenue — ~95% of total — is now taxed once, in the Kingdom, at 20%. The Canadian tax layer is effectively eliminated. effective tax rate ↓ What the old rate cost In FY2025, the 17-poi
Slide 8: Collections & Cash Flow
Collections & Cash Flow 99.2% of Q4 trade receivables collected in Q1 $43K Q1 2026 Operating Cash Flow AR AGING — MARCH 31, 2026 ($29.4M total) Back-to-back positive OCF quarters Contract assets (unbilled) $14.6M 49.8% Invoices early April/May Positive in both Q4 2025 ($2.8M) and Q1 2026 ($43K) — in
Slide 9: Geopolitical Context
Geopolitical Context HOW THE SITUATION HAS EVOLVED PROLONGED CAUTION FAVOURS OUR MODEL Feb 2026 Conflict begins — initial shock Market feared direct operational disruption to Saudi-based operations. Cost efficiency is the mandate Saudi Arabia's 2026 budget prioritises spending NTG: No operational di
Slide 10: 2026 Outlook
2026 Outlook WHY Q1 WAS THE TROUGH THE PATH TO GUIDANCE GUIDANCE — UNCHANGED $90M+ Q1 2026 (13 weeks) Q1 actual $21.3M ✓ Ramadan (5 wks) FY2026 Revenue Q2-Q4 avg $22.9M 13–16% 7.5% above Q1, no Ramadan Q2 2026 (13 weeks) Adj. EBITDA Margin Full utilisation — no Ramadan Guidance set April 28 with kno
Slide 11: Transforming opportunity into value
TRANSFORMING TSX-V: NCI opportunity into value INVESTOR RELATIONS CONTACT: Adam Zaghloul – Vice President, Strategy & Planning adam@ntgclarity.com 905-305-1325 www.ntgclarity.com 11
Slide 12: Non-IFRS (Non-GAAP) Financial Measures
Non-IFRS (Non-GAAP) Financial Measures As mentioned previously in this MD&A, NTG references Adjusted EBITDA, which is a non-IFRS (non-GAAP) measure and Adjusted EBITDA margin, which is a non-GAAP ratio. Adjusted EBITDA means adjusted earnings before interest, taxes, depreciation and amortization. EB
Slide 13: Non-IFRS (Non-GAAP) Financial Measures
Non-IFRS (Non-GAAP) Financial Measures