Slide 1: FY25 Results Overview
For personal use only SOCO CORPORATION LTD (ASX:SOC) FY25 RESULTS OVERVIEW 29 AUGUST 2025 ® 1
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER This presentation (Presentation) and has been prepared by SOCO any estimated earning or other performance measures, are, or Corporation Ltd ACN 660 362 201 (Company). Shares in the may be, forward-looking statements. Such statements involve Company are listed on ASX (ASX code: SOC)
Slide 3: Agenda
For personal use only 1 Results overview 2 Financial performance 3 Business overview 4 Strategy & outlook 5 Questions 3 Sydney, Australia
Slide 4: Results overview
For personal use only 4 Brisbane, Australia
Slide 5: Results Overview
RESULTS OVERVIEW For personal use only • Revenue $21.3m (+3.6% vs FY24) • Underlying EBITDA $0.21m (up $0.24m vs pcp) • NPATA $0.55m (vs NPATA loss $0.15m pcp) • Gross margin 24.2% (up ~70 bps vs pcp 23.5%) • Positive cash conversion; Net cash $1.1m; Undrawn debt facility Sebastian Rizzo, CEO of $1.
Slide 6: Results Overview: Return to Profitability
RESULTS OVERVIEW SOCO returned to profitability despite weaker than expected H2. For personal use only Revenue NPATA $21.3m $545k FY24 $20.6m FY24 ($154k) Underlying EBITDA Final Dividend $209k 0.0 cps FY24 ($33k) FY24 0.0 cps 6
Slide 7: Results Overview: Weaker H2 Seasonality
RESULTS OVERVIEW Traditionally H2 is seasonally stronger but fell below target with delayed For personal use only government spending and macro uncertainty, lowering demand. • H2 impacted by procurement Average H2 - 55% Total Revenue delays and pre-election caution in Federal 25 54% 58% 57% 53% 54%
Slide 8: Financial performance
For personal use only 8 Melbourne, Australia
Slide 9: Financial Performance: Financial Summary
FINANCIAL PERFORMANCE FY25 saw a modest but meaningful uplift in SOCO’s financial For personal use only performance Financial Summary ($000's) FY25 FY24 Change Increased revenue to $21.3M 1 representing a 3.6% change PCP despite difficult H2 Revenue 21,289 20,560 4% Balanced cost with only a 3% grow
Slide 10: Financial Performance: NPATA Reconciliation
FINANCIAL PERFORMANCE SOCO uses NPATA as it removes the distortion caused by acquisition-related amortisation For personal use only 1,500 $636k related to $798k fair value gain $237k income tax acquired intangibles on contingent benefit reflects the from AxSym consideration from fair value adjustmen
Slide 11: Enhanced resilience through lower liabilities
FINANCIAL PERFORMANCE Enhanced resilience through lower liabilities For personal use only Balance Sheet $000s FY25 FY24 Cash and cash equivalent 1,513 2,310 Contingent Consideration taken to Trade and other receivables 2,595 2,984 1 nil as Axsym earnout not likely to be Other assets 385 226 realised
Slide 12: Strong debtor profile offset weaker H2 trading conditions
FINANCIAL PERFORMANCE Strong debtor profile offset weaker H2 trading conditions For personal use only Cash Flow $000's FY25 FY24 Receipts from customers 23,765 22,588 Net cash of $1.1m and no dividend 1 Payments to suppliers/employees (23,668) (21,825) paid to retain operational flexibility Acquisit
Slide 13: Business overview
For personal use only 13 Sydney, Australia
Slide 14: Business Overview: Stronger Position at End of FY25
BUSINESS OVERVIEW For personal use only SOCO finished FY25 in a stronger position than it ended FY24, with initiative progress yielding improvements for the business. Client Invested in Establishing Enhanced Made key portfolio emerging strategic operational strategic rebalancing technology alliances
Slide 15: Client Portfolio Rebalancing
BUSINESS OVERVIEW For personal use only Execution of our client portfolio rebalancing, together with renewing client appetite are some major successes for the year. Non-Fed Gov # Clients Spending Active Client Client Revenue Over $1m Base 64.4% 66.6% 131 FY24 – 58.6% on FY24 FY24 – 121 Federal Gover
Slide 16: Broadened Service Offerings and Emerging Technology Demand
BUSINESS OVERVIEW For personal use only SOCO has broadened our service offerings, which has seen emerging technology demand growth across new clients. • Digital transformation / workplace modernisation continues to be a core service area for the business • While a small percentage of current Cloud &
Slide 17: Improved Chargeability and Strategic Hires
BUSINESS OVERVIEW For personal use only Improved chargeability is driving revenue uplifts while strategic hires will focus on enhancing our sales discipline, focus and pipeline. Avg. Revenue per Head of Growth Employee Ben Ffrench • 20+ yrs leading high performing Employee numbers are averaged over
Slide 18: Delivery Control, Security Posture and Sales Discipline
BUSINESS OVERVIEW For personal use only Delivery control, security posture and sales discipline being embedded across the business Delivery control Security posture Sales Discipline • Systems uplift: • Cyber/ISO investments • Leadership additions, project/time-billing aligned to defence & including
Slide 19: Strategic Alignment with Microsoft
BUSINESS OVERVIEW For personal use only SOCO remains strategically aligned with Microsoft, and continues to pursue upstream and downstream channel partnerships and industry platform specialisations. 19
Slide 20: Strategy & outlook
For personal use only 20 Canberra, Australia
Slide 21: Strategy and Outlook
STRATEGY AND OUTLOOK For personal use only SOCO enters FY26 with a stronger foundation and a clear focus. While market conditions remain mixed, these priorities position us for sustainable growth. Market & Clients Execution & Delivery Growth Enablers • Continue to build • Finalise company-wide • Inv
Slide 22: This is us. Questions & Answers
This is us. a a 4 LA Our hiission Our mission is to elevate our clients, teammates and partners to become the hero of their story, standing shoulder to shoulder to help make their big ideas real. Questions & _ Answers
Slide 23: Appendix: Non-IFRS Definitions
APPENDIX For personal use only • Underlying EBIT is a non-IFRS metric and is calculated as net loss before interest, fair value of contingent consideration, acquisition costs, share- based remuneration, and taxes. These measures, which are unaudited, are important to management as an additional way
Slide 24: Contact and Office Locations
Brisbane – Head Office Level 4, 120 Edward Street Brisbane QLD 4000 For personal use only Sydney Sebastian Rizzo Chief Executive Officer Suite 221, 111 Harrington Street, The Rocks, Sydney NSW 2000 SOCO Corporation Ltd Email: sebastian.rizzo@soco.com.au Level 49, 8 Parramatta Square Parramatta NSW 2
Slide 25: For personal use only
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