Etherstack Plc · ASX:ESK
Etherstack — FY2025 Earnings Presentation
14 slides from Etherstack's earnings presentation, Feb 24, 2026
Slide 1: FY2025 Full year results Investor presentation
For personal use only FY2025 (31 Dec) Full year results Investor presentation Etherstack plc (ASX:ESK) 24 February 2026 Authorised for release by David Deacon, CEO and Adam Hoey, CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Etherstack plc (ARBN 156 640 532) (“Etherstack” or “the Company”). The information in this presentation is for information purposes only and is not investment, financial product, legal or tax advice. For personal use only This presentation contains s
Slide 3: Our Three Core Markets
Our Three Core Markets Mission Critical Communications For personal use only Technology and Solutions Emerging: Mission Critical Push to Traditional: Digital Land Mobile Defence Tactical: Satellite Push to Talk Talk (MCPTX) over cellular Radio (LMR) networks (PTT) and Defence Systems networks (4G &
Slide 4: Etherstack
Etherstack Etherstack is a wireless technology provider that supplies our own mission critical wireless networks ans solutions to the public safety, utilities and resource sector globally. The company also licenses key technology to over 20 other wireless equipment manufacturers globally For persona
Slide 5: Financial & Business highlights 2025
For personal use only Financial & Business highlights 2025
Slide 6: Financial Highlights 2025 (USD$)
Financial Highlights 2025 (USD$) Total Revenue Record year For personal use only EBITDA 70% Record full year revenue in 2025. Exceeds USD $10m 20% Full year Revenue up 70% on pcp for the first time. EBITDA USD $2.02m a USD$3.2m to USD $10.1m turnaround on pcp ARR Revenues (KPI) Record US Deal Recurr
Slide 7: Business Highlights 2025 – transformational year
Business Highlights 2025 – transformational year Strategic Wins UK Home Office and AT&T FirstNet - #1 and #2 deals of type in world For personal use only ▪ 11 Aug 2025, US$20m+ AT&T Services Inc. with initial term of 7 years ▪ 17 Oct 2025, GBP£ 14.2m+ UK Home Office with initial term of 5 years Stra
Slide 8: Recurring revenues (KPI) sustained upward trend
Recurring revenues (KPI) sustained upward trend Key forecast assumptions/comments • The AT&T Master Service Agreement and UK Home Office contract signings support the recurring revenue growth. • Recurring revenue comprising Support revenues For personal use only derived from supporting the networks
Slide 9: FY2025 Actual & FY2026 Revenue Guidance
FY2025 Actual & FY2026 Revenue Guidance Combined Revenues • As announced 11 Nov 2025 • Other non-recurring revenue includes project FY Revenues - All Types (USD '000) revenues that are typically made up of new system For personal use only 20,000 sales for LMR (very high margin equipment sales), prof
Slide 10: Largest Sources of Revenues (past years)
Largest Sources of Revenues (past 3 years) By Clients & Category For personal use only 1. AT&T One of the world’s largest telcos. project and new CaaS revenues 2. Samsung World’s largest electronics companies, technology licensing and support revenues 3. Electric Utilities Australian, Canadian & US
Slide 11: Income Statement
Income Statement Key changes US$'000 2025 2024 Revenue from Contract with Customers 10,091 5,932 • Project revenue up sharply on pcp underpinned by For personal use only AT&T contract and commencement of UK Home Recurring support and Royalty revenue 3,862 2,345 Office and Australian Department of De
Slide 12: Balance Sheet & Cash Flow Statement
Balance Sheet & Cash Flow Statement Balance Sheet Cash Flow Statement US$’000 31-Dec-25 31-Dec-24 US$’000 2025 2024 For personal use only Cash and cash equivalents 2,259 136 Net cash generated / (used in) operating 3,202 994 activities Trade and other receivables 2,471 3,325 Net cash flow (used in)
Slide 13: Questions
For personal use only Questions
Slide 14: Contact details
London New York 64 Rose Street, +44 207 734 0200 +1 917 661 4110 Chippendale NSW 2008 Info_eu@etherstack.com Info_na@etherstack.com Phone +61 2 8399 7500 For personal use only Sydney Yokohama David Deacon, CEO +61 2 8399 7500 +81 45 342 9050 david.deacon@etherstack.com Info_au@etherstack.com Info_jp