Slide 1: Powering Predictive Operations
Powering Predictive Operations FY26 INTERIM RESULTS August 2025 POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 2: Disclaimer
Disclaimer • This presentation has been prepared only for the shareholders of Checkit plc as a whole and its sole purpose and use is to assist shareholders to exercise their governance rights. • Checkit and its Directors and employees are not responsible for any other purpose or use or to any other
Slide 3: Presentation team
Presentation team Kit Kyte Kris Shaw CEO CFO POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 4: Agenda
Agenda 01 H1 FY26 highlights 04 FY26 Outlook 02 Strategy update 05 Questions 03 Financials 06 POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 5: H1 FY26 Highlights
H1 FY26 Highlights Progress on objectives • Adjusted LBITDA improvement of 65% to £0.5m (H1 FY25: £1.4m) • Annualised cost savings of £3m implemented in H1 • ARR growth of 3%* YoY to £14.0m (H1 FY25: £13.6m) • Recurring revenue up YoY 6% to £6.6m (H1 FY25: £6.3m) • Net cash at 31 July 2025 of £2.7m
Slide 6: Strategy
Strategy POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 7: Who we are
Who we are Checkit optimises the performance of people, processes and physical assets with its intelligent operations software Optimising management Using sensors and integrations to create an extended nervous Analysing, visualizing and adapting system operations Warning of issues and prompting acti
Slide 8: Checkit: Why invest?
Checkit: Why invest? Focused on achieving profitability and growing market share Growth markets Innovation in product portfolio Capitalising on the focus of improving Launch of Asset Intelligence module exploiting operational efficiency through digitalization ML and AI Land and expand strategy Subsc
Slide 9: Our market opportunity
Our market opportunity Innovate and expand Healthcare Retail Hospitality Food Manufacturing Biotech • Growing addressable market: • Global Workforce Management market valued at $11 billion and forecast to grow at a CAGR of 12% • Global Smart Sensor market valued at $65 billion and forecast to grow a
Slide 10: Growth strategy
Growth strategy Acceleration of US Expanding existing Scaling into new market growth customers through verticals and high upsell and cross-sell potential markets such as food manufacturing and biotech Focusing on recurring Driving operating Investing in R&D to subscription revenues efficiency to del
Slide 11: Focus on subscription revenues
Focus on subscription revenues £m H1 FY26 H1 FY25 % change ARR 14.0 13.6* +3%* Revenue Recurring revenue 6.6 6.3 +6% Non-recurring revenue 0.3 0.4 -39% Total revenue 6.9 6.7 +3% % Recurring 96% 94% * At constant currency **Revenue retention: Gross = 93%, Net = 104% ** Excluding impact of US customer
Slide 12: Dishoom
Dishoom - Supporting growth, efficiency and excellence Dishoom is a UK-based restaurant group inspired by the old Irani cafés of Bombay Checkit has grown alongside Dishoom, from 5 to 13 locations today CHECKIT SOLUTION Comprehensive use of Checkit products for workflow management, temperature monito
Slide 13: Royal Devon University Healthcare NHS Foundation Trust
Royal Devon University Healthcare NHS Foundation Trust Enhancing compliance and efficiency through digital innovation The trust serves +615,000 people running two UKAS accredited labs delivering high-volume testing The partnership with Checkit commenced in 2020 to improve compliance and monitoring o
Slide 14: Financials
Financials POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 15: Financial highlights | H1 FY26
Financial highlights | H1 FY26 £6.6m 71% £(0.5)m £2.7m RECURRING GROSS MARGIN ADJ LBITDA* CASH REVENUE +3ppt vs H1 FY25 65% improvement +6% YoY POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 16: Scaling with Cost Control
Scaling with Cost Control £m H1 FY26 H1 FY25 % change ARR* 14.0 13.6* +3%* Recurring revenue 6.6 6.3 +6% Non-recurring revenue 0.3 0.4 -39% Total revenue 6.9 6.7 +3% Cost of sales (2.0) (2.2) (7%) Gross profit 4.9 4.5 +8% Operating costs (5.4) (5.9) (9%) Adjusted LBITDA (0.5) (1.4) (65%) 96% 3 year
Slide 17: Profitability within reach
Profitability within reach £0m H2 FY24 H1 FY25 H2 FY25 H1 FY26 • Annualised £3m savings (£0.2m) implemented in H1 FY26 (£0.4m) Adjusted LBITDA • Tight control of margin, with (£0.5m) further improvements seen in (£0.6m) Adjusted LBITDA FY26 (£0.9m) (£0.8m) • On track to achieve breakeven Adjusted LB
Slide 18: Cashflow
Cash consumption excluding £m working capital and exceptional costs Cashflow H1 FY24 (2.7) £6m Tax credit receipt £0.6m H1 FY25 (3.2) 1-Feb-2025 £5m £5.1m Working capital H1 FY26 (1.0) (£0.6m) Operating activities (£0.4m) £4m Capex (£1.0m) Leases (£0.2m) £3m 31-Jul-2025 £2.7m Exceptional (£0.8m) £2m
Slide 19: FY26 outlook
FY26 outlook POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 20: FY26 outlook
FY26 outlook Further progress planned: • Executing a proven “land and expand” model to deepen penetration within existing accounts and drive scalable, recurring revenue growth • Targeted UK and US go-to-market campaigns aimed at winning new enterprise logos with validated, high-impact use cases • Di
Slide 21: Questions?
Questions? POWERING PREDICTIVE OPERATIONS WWW.CHECKIT.NET
Slide 22: © checkit
© checkit
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