Ikegps Group Ltd · NZX:IKE
Ikegps — Q4 FY2026 Earnings Presentation
41 slides from Ikegps's earnings presentation, April 2026
Slide 1: IKE 4Q and FY26 Performance Update
April 2026 IKE 4Q and FY26 Performance Update Glenn Milnes, CEO & MD & Paul Cardosi, CFO glenn.milnes@ikegps.com & paul.cardosi@ikegps.com www.ikegps.com
Slide 2: Important Notice
Important Notice Information in this presentation: • Is for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in ikeGPS Group Limited (IKE); • Should be read in conjunction with, and is subject to, IKE’s FY26 performance
Slide 3: Agenda
Agenda 4Q and FY26 performance headlines Outlook Addressable Market IKE’s Value proposition Q&A ikeGPS 3
Slide 4: FY26: Guidance delivered. Both lines.
FY26: Guidance delivered. Both lines. IKE’s AI-first model connects revenue growth to operating leverage — revenue up, opex scaling more slowly as AI adoption & implementation proliferates • FY’2026 Platform Subscription revenue ~$19.2m; (+33% growth vs pcp and 99% of target) • Achieved positive und
Slide 5: Other highlights
Other highlights. • 463 subscription customers in trailing 12 months at 31 March 2026; 83 new subscription customers added in FY’2026. • Customer retention ~97% — IKE retains virtually all subscription customers year over year • IKE PoleForeman annualised recurring revenue (ARR) has now grown to ~NZ
Slide 6: FY'2026 Platform Subscription Revenue
FY’2026 Platform Subscription Revenue Annual Platform Subscription Revenue Growth +33%; Materially at Guidance Takeaways ➢ +33% YoY growth, 99% of revenue goal ➢ The addition of new customers, continued strong upsells to existing customers, ikeGPS and low revenue churn driving Subscription growth in
Slide 7: Annualized Exit Run Rate of Platform Subscription Revenue of +18%
Annualized Exit Run Rate of Platform Subscription Revenue of +18% Growth in Constant Currency +21% Takeaways ➢ Constant currency growth +21% ➢ One large customer had an IKE assisted project complete with an impact to growth - 9%. Not a lost customer. Growth without this ikeGPS timing+30% (in constan
Slide 8: Total Platform Subscription Seats Growth of +15% vs. pcp
Total Platform Subscription Seats Growth of +15% vs. pcp From cross-sells and upsells Takeaways ➢ Seat count growth has continued at a fast pace due to customer additions, cross- ikeGPS sells, upsells and strong net retention 8 pcp – prior calendar period
Slide 9: FY'26 Platform Transaction Revenue of ~NZ$5.0m
FY’26 Platform Transaction Revenue of ~NZ$5.0m Transaction Revenue -35% vs. pcp Takeaways ➢ 4Q Gross Margins improved to 49%, shifted work offshore the work + higher margin projects ➢ Some headwinds related to new US administration policy on rural fiber funding – ikeGPS volatility expected to remain
Slide 10: ~91% YTD Revenue from Recurring and Re-Occurring Sources
~91% YTD Revenue from Recurring and Re-Occurring Sources FY’26 Total Revenue by Segment vs pcp Takeaways ➢ Platform Subscription Mix; 72% of IKE total Revenue, up from 57% in FY’25 ➢ Continuing to convert hardware customers to Device-as-Service ➢ Training revenue (subset of ikeGPS Hardware & Other)
Slide 11: FY'2026 Key Metrics
FY’ 2026 Key Metrics Takeaways ➢ 83 new subscription ikeGPS customers were added in Note 1: Subscription customer counts based on trailing 12 months subscription revenues. FY'2025 restated using this methodology. FY'2026, 1.6 per week 11
Slide 12: AI as IKE's accelerant – not its disruptor
AI as IKE’s accelerant – not its disruptor AI widens IKE's moat — every new AI feature increases switching cost and pricing power IKE is deep in a utility vertical AI-powered capability inside of IKE has proprietary industry data, workflow and is embedded in IKE's products has generated including ow
Slide 13: 90-95% of IKE's market is still untapped
90-95% of IKE’s market is still untapped The investment scale IKE’s position in it • US utility capex 2025–2030: $1.1T–$1.4T • US Serviceable Obtainable Market: Estimated at • 2025 capex alone: ~$194B | 5-year CAGR: 8.5% US$431M across current product suite • Morningstar DBRS: utility investment "su
Slide 14: IKE is not adjacent to the grid investment cycle. It is inside workflows.
IKE is not adjacent to the grid investment cycle. It is inside workflows. Joint use Every 5G & fiber attachment requires a structural load assessment. IKE runs those assessments. Grid Hardening Wildfire, storm, and flood response requires proactive pole condition assessment at scale. IKE's AI layer
Slide 15: The largest revenue opportunity in IKE's history is still ahead
The largest revenue opportunity in IKE’s history is still ahead. Market validation & trust Two new products in development Markets not yet addressed ikeGPS Purpose-build products demanded by our loyal Underground distribution market, Canada, customers through customer-council fiber/broadband/telecom
Slide 16: In the right market at the right time
In the right market at the right time Addressable market update for North America ikeGPS 16
Slide 17: $2T grid modernization in the North American market demands digital grid intelligence
$2T grid modernization in the North American market demands digital grid intelligence ~25-35M wood poles The aging infrastructure crisis hits its inflection will require replacement or point now reinforcement by 2035 • 130 million wooden poles are approaching the 45-50 year failure threshold - ~25–3
Slide 18: 40% of U.S. federal grants for grid resilience target distribution network capacity & hardening
40% of U.S. federal grants for grid resilience target distribution network capacity & hardening Department of Energy | July 2024 • DOE Grid Deployment Office (formed 2022) leads nationwide investment in distribution Percent of Award Recipients resilience. 0% 10% 20% 30% 40% 50% 60% • Section 40101(c
Slide 19: $43B in broadband funding demands distribution network data intelligence
$43B in broadband funding demands distribution network data intelligence • $43B in BEAD funding drives unprecedented 2032 fiber attachment volume on utility poles. $74.6B • FCC defines “large attachment requests” as 3,000+ poles per project1, mass digitization 2026 is required for survey and make-re
Slide 20: IKE has built capabilities to solve some of these infrastructure challenges
IKE has built capabilities to solve some of these infrastructure challenges Creating sustainable competitive advantage To see what matters To know what's at risk To act & engineer with confidence Safe and accurate grid Identify network vulnerabilities, Centralized digital records of your grid data c
Slide 21: Multiple factors are driving infrastructure investments, and the need for technology, in North America
Multiple factors are driving infrastructure investments, and the need for technology, in North America AI has unleashed a wave of data centre construction. In 2023, AI data centres consumed about 4.4% of U.S. electricity, and that share could triple by 2028. Microsoft and Google estimate that the U.
Slide 22: The size of the North American market opportunity, in Australian context
The size of the North American market opportunity, in Australian context IKE’s Top 8 Customers Total Australian Market: ~11m homes & businesses U.S. Infrastructure Total Spend Projections of LLMA Energy The Top 8 IKE Customers: >$400bn over the next 5 years Duke Energy ~43M homes & businesses, >4x t
Slide 23: A huge expansion opportunity at investor-owned utilities
A huge expansion opportunity at investor-owned utilities U.S. Market-Map of Investor-Owned Utilities (multi-$B companies) ikeGPS 23
Slide 24: Sales opportunities for IKE products at over 2,800 Municipalities and Co-Operatives
Sales opportunities for IKE products at over 2,800 Municipalities and Co-Operatives $10.0 Million or Less $10.1 to $20.0 Million $20.1 to $40.0 Million $40.1 to $80.0 Million $80.1 Million or More No Reported Data Rural Electric Cooperative* ikeGPS *13 out of 924 co-ops did not report revenue and ar
Slide 25: IKE's Expanding Value Proposition
IKE’s Expanding Value Proposition ikeGPS 25
Slide 26: The grid faces unprecedented challenges.
The grid faces unprecedented challenges. Complete field-to-finish solutions from IKE to engineer a network through its lifecycle. Field Data Collection platform Accurate, reliable, and Solution for gaining actionable Back-end analysis for acquired with back-office tools defendable pole load analysis
Slide 27: IKE's purpose is Manaakitanga.
IKE’s purpose is Manaakitanga. We rise by lifting others. A Clear 10-year Mission guiding our journey Manaakitanga Mission (by mid-2034) "We rise by lifting others." This means To be the most trusted and admired lifting our customers, each other, our company delivering software solutions communities
Slide 28: Delivering the best CX in our industry as a Strategic Pillar
Delivering the best CX in our industry as a Strategic Pillar Customers overwhelmingly recommend IKE, with an independently assessed NPS of 91%. This score is driven by: • IKE’s focus on both product capability, industry-specific outcomes, and customer experience. • Purpose-built solutions for utilit
Slide 29: IKE is trusted by 8 of the 10 largest investor-owned utilities in North America
IKE is trusted by 8 of the 10 largest investor-owned utilities in North America ikeGPS 29
Slide 30: IKE is trusted by 5 of the 10 largest communications companies in the U.S.
IKE is trusted by 5 of the 10 largest communications companies in the U.S. ikeGPS 30
Slide 31: Right market, at the right time
Right market, at the right time Expert team, best-in-class technology, and execution capability Addressable Customers Takeaways 20% ➢ Today, IKE has a presence in Customer Penetration approximately 6% of addressable customers in the U.S. but is estimated to be only 20% penetrated. There is >90% an o
Slide 32: IKE's software is now used in all States
IKE’s software is now used in all 50 States
Slide 33: 20 Million Overhead Utility Data Collection
Overhead Utility Data Collection IKE technology has helped companies engineer Takeaways 20 Million ➢ The same electric utility asset is digitally processed many times throughout its lifecycle - for make-ready engineering, fiber OVERHEAD ASSETS, joint-use, clearance validation, or routine inspection.
Slide 34: Getting-to-Market: Educating the North American Industry
Getting-to-Market: Educating the North American Industry Example of IKE's National Electric Safety Code Webinar Series 3,000+ Attendees 800+ Organizations Trained
Slide 35: Getting-to-Market: Educating the North American Industry
Getting-to-Market: Educating the North American Industry Example of IKE's In-Person NESC & OSHA Training OVER ROUGHLY 1,700 Attendees 'IKE Certified' 500 Organizations Trained
Slide 36: New Products & Technologies
New Products & Technologies ikeGPS 36
Slide 37: Meet PolePilot, an AI subscription module
Meet PolePilot , an AI subscription module released in 3Q to increase productivity and efficiencies for IKE Office Pro engineers PolePilot was very easy to use and was effective in many different pole and environmental scenarios. The automated markers helped identify wires and equipment that were di
Slide 38: Meet PolePilot, an AI subscription module
Meet PolePilot , an AI subscription module released in 3Q to increase productivity and efficiencies for IKE Office Pro engineers PolePilot was very easy to use and was effective in many different pole and environmental scenarios. The automated markers helped identify wires and equipment that were di
Slide 39: Meet PolePilot, an AI subscription module
Meet PolePilot , an AI subscription module released in 3Q to increase productivity and efficiencies for IKE Office Pro engineers Takeaways ➢ AI-powered assistant to increase productivity for analyzing pole data ➢ SaaS tool to support all the digital needs for grid modernization efforts ikeGPS ➢ Expa
Slide 40: The standard for distribution network design in the U.S.
The standard for distribution network design in the U.S. Takeaways ➢ The new IKE PoleForeman product has been in the market for ~22 months ➢ In total, ~200 customers have subscribed to this new platform, far exceeding our adoption rate expectations. ➢ We expect further major customers to close in FY
Slide 41: Thank You
Thank You Glenn Milnes, CEO and Paul Cardosi, CFO glenn.milnes@ikegps.com & paul.cardosi@ikegps.com www.ikegps.com