Energy One Limited · ASX:EOL
Energy One — FY2026 Earnings Presentation
45 slides from Energy One's earnings presentation, Aug 19, 2026
Slide 1: Financial Results
ENERGY ONE Ben Tranier (CEO) Jason Mabee (CFO) LIMITED (ASX:EOL) Financial Results For the period ended 30 June 2026
Slide 2: Important Information
IMPORTANT INFORMATION This document has been prepared by Energy One Limited (EOL) and comprises written materials and slides for a presentation concerning EOL. This presentation is for information purposes only and does not constitute or form part of any offer or invitation to acquire, sell or other
Slide 3: Today's Agenda
TODAY’S AGENDA 01 A Recap On The EOL Opportunity 02 FY26 Results Overview 03 Business Update 04 Looking Ahead ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26 3
Slide 4: Our Vision
OUR VISION TO BE THE WORLD’S LEADING PROVIDER OF WHOLESALE ENERGY TRADING SOFTWARE AND SERVICES ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26 4
Slide 5: Services + Software = Solutions
STATE-OF-THE-ART SOFTWARE SOLUTIONS AND SPECIALISED SERVICES Energy One Unique Value Energy One Services Proposition Software Market Operations Simple Market Data Nominations & Scheduling Strong outcome Trading Systems Settlements & Compliance Scalable Workflow Automation Advisory Support Reporting
Slide 6: Energy One Stop Shop
ENERGY ONE STOP SHOP Energy One is an industry leader Scheduling & in four core areas Market Access across the energy EnergyOffer egssPort Gas eZ-Ops trading lifecycle: NemSight EnVoy Asset Energy Trading Optimisation & Risk Management pypIT EnFlow EnFuse enTrader EOT SimEnergy BESS Virtual Tolling
Slide 7: FY26: Another Year of Strong Growth Delivered
FY26: ANOTHER YEAR OF STRONG GROWTH DELIVERED CAGR 23% CAGR 19% CAGR 24% 63.5 12.5 14.9 54.1 46.5 8.3 10.5 39.2 22.8 29.5 5.2 5.4 5.4 6.5 6.7 4.2 5.0 4.9 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 RECURRING REVENUE UN
Slide 8: Proof the Strategy Is Working
PROOF THE STRATEGY IS WORKING A strong year defined by a smooth leadership transition and reorganisation, solid foundations and positive tailwinds. ONE PLATFORM GLOBAL LEVERAGE PRODUCTIVITY INORGANIC GROWTH Integrated customer Scale across home Operating leverage Disciplined expansion solutions mark
Slide 9: FY26 Results Overview
FY26 RESULTS OVERVIEW ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26
Slide 10: FY26 Scorecard on Key Metrics
FY26 SCORECARD ON KEY METRICS Profitable recurring growth, with continued investment and improving operating leverage. $69.9M $64.6M $63.5M 106% REVENUE ARR RECURRING REVENUE NET REVENUE RETENTION +14% vs FY25 +13% vs FY251 +17% vs FY25 vs 108% in FY25 Strong growth delivered across the ARR continue
Slide 11: FY26 Result Summary
FY26 RESULT SUMMARY FY26 delivered higher-quality recurring revenue, margin expansion, stronger underlying earnings and a materially stronger balance sheet. METRIC FY26 FY25 $ / PPT CHG. % CHG. MOVEMENT COMMENTARY Revenue $69.9m $61.4m +$8.5m +14% Strong revenue growth delivered across the Group des
Slide 12: FY27 ARR Growth Underpinned by Contracted ARR Not Yet Billed
IMPORTANTLY FY27 ARR GROWTH IS UNDERPINNED BY CONTRACTED ARR NOT YET BILLED $5.1m of signed or contract-prepared ARR at 30 June 2026 provides a strong foundation for EOL to deliver at least 15% recurring revenue growth in FY27. $5.1M TOTAL SIGNED/ CONTRACT-PREPARED ARR Up from $4.0m at 30 June 2025
Slide 13: Attrition Elevated, Action Underway
ATTRITION ELEVATED, ACTION UNDERWAY FY26 attrition was concentrated in a small number of customer-specific events. While some churn was outside EOL's control, we see clear opportunities to improve retention. Attrition Trend FY26 Attrition Drivers FY27 Areas of Focus 5.2% TARGET Customer 1 (Europe) –
Slide 14: Cash Cost Discipline Supported Margin Expansion
CASH COST DISCIPLINE SUPPORTED MARGIN EXPANSION FY25 to FY26 underlying cash expenditure bridge $56.1M FY26 UNDERLYING CASH EXPENDITURE +7% vs FY25 +$0.3m $56.1m +$0.7m +$1.2m +$3.7M INCREASE VS FY25 $52.4m to $56.1m +$1.5m $52.4m $6.7M SOFTWARE CAPITALISED +20% vs FY25, FY25 underlying cash expendi
Slide 15: Demonstrating Strong Operating Leverage
DEMONSTRATING STRONG OPERATING LEVERAGE Revenue is scaling faster than Underlying Cash expenditure, expanding Cash EBITDA margins and increasing free cash flow (15% FCF margin in FY26). 21% FY26 CASH EBITDA MARGIN Cash expenditure as % of revenue Cash EBITDA as % of revenue Up from 17% in FY25 Lower
Slide 16: Operating Leverage Provides Momentum into FY27
OPERATING LEVERAGE PROVIDES MOMENTUM INTO FY27 The FY26 result provides evidence of a very scalable Revenue scale Productivity Cash generation model: recurring revenue • Recurring revenue • Revenue per FTE rising and • Exit margin run rate of 23% growth, productivity gains continues to grow strongly
Slide 17: Business Update
BUSINESS UPDATE ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26 17
Slide 18: Energy One Stop Shop Strategy Is Successful
ENERGY ONE STOP SHOP STRATEGY IS SUCCESSFUL AU Expanded from a single-product relationship to a broader software and services partnership EU Supporting one of Europe’s largest industrial energy transformation programmes New Upsell New Customer EnFlow GMDR Customer Portal EOT EnFuse EnTrader eZ-Ops E
Slide 19: A Strengthened Leadership Structure to Power Our Next Phase
A STRENGTHENED LEADERSHIP STRUCTURE TO POWER OUR NEXT PHASE Ben Tranier Jason Mabee Vasco Sousa Rob Meyers Ryan Tutt Chief Executive Officer Chief Financial Officer Chief Operating Officer General Manager, Australia Chief Revenue Officer, Europe 20 years in global 25+ years in finance and energy 20
Slide 20: Australia Keeps Delivering Strong Enterprise Wins, Upsells and BESS Momentum
AUSTRALIA KEEPS DELIVERING STRONG ENTERPRISE WINS, UPSELLS AND BESS MOMENTUM Australia - Key Growth Drivers • BESS proposition is differentiated: battery-agnostic optimiser, strong benchmarking and ability to combine software with trading $30.1M REVENUE +15% services • Strong production-based optimi
Slide 21: Europe Finished FY26 with Revenue Timing Delays, Stronger Enterprise Demand
EUROPE FINISHED FY26 WITH REVENUE TIMING DELAYS, BUT STRONGER ENTERPRISE DEMAND, LARGER MULTI-PRODUCT WINS AND BETTER FY27 VISIBILITY Europe - Key Growth Drivers • Europe is demonstrating scalability, with revenue up strongly, increasing market size $39.5M REVENUE +13% • Multiple Tier-1 customer win
Slide 22: Looking Ahead
LOOKING AHEAD ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26 22
Slide 23: Structural Market Growth Drives TAM Expansion
STRUCTURAL MARKET GROWTH DRIVES TAM EXPANSION Our core market continues to grow, and new adjacent markets are emerging. Energy One is positioned Industrial energy management across both. Battery optimisation By 2030... Carbon Capture & Storage (CCS) DERs and flexibility +80% New energy vectors Large
Slide 24: Positioned to Benefit from Market Expansion
POSITIONED TO BENEFIT FROM MARKET EXPANSION Assets Optimisation Energy Trading Suite New Molecules Industrial & Generation and Energy Storage One platform, integrated Expanding into new Integrated Solutions Assets, optimising complex toolset, supporting new adjacent energy markets, End to end tradin
Slide 25: Commercial Engine Is Becoming More Scalable and Higher Quality
COMMERCIAL ENGINE IS BECOMING MORE SCALABLE AND HIGHER QUALITY FY26 investment into customer excellence and sales capability is leading to a higher-quality pipeline, faster conversion and larger opportunities. BRAND AWARENESS LEAD GENERATION SALES EFFECTIVENESS CUSTOMER EXPANSION More reach and more
Slide 26: AI Transformation – Faster to Market
AI TRANSFORMATION – FASTER TO MARKET 3.6m 4 4x lines of QA Code pilots code coverage Targeted Scale with AI Discovery Code Assistant 10% Programs AI Guardrails 90% staff in Industrial Pilots cyber Human Collaboration Industrialisation AI adoption discover security Agentic Training Risk Mitigation Ag
Slide 27: Summary
SUMMARY ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26 27
Slide 28: A Stronger Platform for the Next Phase of Growth
A STRONGER PLATFORM FOR THE NEXT PHASE OF GROWTH. FY26 delivered Our one-stop-shop Market complexity is Energy One is strong results strategy is proven. increasing demand. positioned to scale. FY27 targets ~30% ≥15% CASH EBITDA RUN-RATE RECURRING REVENUE GROWTH ENERGY ONE LIMITED (ASX:EOL) : FULL YE
Slide 29: Appendix 1: FY26 Financial Analysis
APPENDIX 1: FY26 FINANCIAL ANALYSIS ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26 29
Slide 30: Profit & Loss Statement
PROFIT & LOSS STATEMENT FY26 delivered strong revenue growth, margin expansion and materially higher underlying earnings. Key Takeaways $m unless noted FY26 FY25 CHG. % CHG. • Revenue increased 14%, with Operating and other revenue $69.9m $61.4m +$8.5m +14% recurring revenue quality a key driver of
Slide 31: Non-Recurring Items
NON-RECURRING ITEMS FY26 one-off costs totalled $1.5m, primarily relating to the CEO transition and associated leadership changes. AUD $m FY26 FY25 Change Commentary CEO recruitment 0.2 0.0 (0.2) One-time recruitment cost associated with the CEO transition. CEO share rights 0.8 0.0 (0.8) Share right
Slide 32: Balance Sheet
BALANCE SHEET Balance sheet strength improved materially during FY26, with net cash, zero leverage and increased funding capacity. $m FY26 FY25 VAR % BASE FX Assets $(0.7)M Cash and cash equivalents 3.0 4.0 (1.0) (25%) (0.7) (0.3) NET CASH Trade and other receivables 10.2 11.2 (0.9) (8%) (0.3) (0.6)
Slide 33: Cashflow
CASHFLOW Operating cash flow increased strongly, funding continued product investment, dividends and deleveraging. $m FY26 FY25 VAR % Free cash flow bridge Cash flow from operations $18.4M OPERATING CASH FLOW Receipts from customers 76.4 63.1 13.3 21% $18.4m (0.8) (6.7) Payments to suppliers & emplo
Slide 34: Cash EBITDA & Expenses Reconciliation
CASH EBITDA & EXPENSES RECONCILIATION Underlying cash EBITDA increased 42% to $14.9m, with margin expansion and ongoing operating leverage. $14.9M UNDERLYING CASH EBITDA METRIC FY26 FY25 VARIANCE % / PPT +42% vs FY25 Underlying EBITDA $20.7m $16.2m $4.5m +28% Share Based Payments $2.5m $1.4m $1.1m +
Slide 35: SaaS Metrics Positioned to Improve in FY27
SAAS METRICS POSITIONED TO IMPROVE IN FY27 FY26 impacted by FX translation, customer market exits and conversion timing, but recurring revenue quality, SaaS NRR, contracted ARR and pipeline growth support improvement next year. METRIC FY24 FY25 FY26 Commentary and FY27 narrative ARR ($m) 49.6 60.4 6
Slide 36: Customer Cohort Analysis
CUSTOMER COHORT ANALYSIS ARR is distributed across customer size bands and market participation types, Key Takeaways supporting a diversified recurring revenue base. ARR by customer size ARR by market participation type • Customer ARR is anchored by larger customers, with large and enterprise cohort
Slide 37: Glossary of Non-IFRS Terms and Metrics
GLOSSARY OF NON-IFRS TERMS AND METRICS ARR Recurring revenue recognised FCF Free cash flow, representing operating in a month, multiplied by 12 cash less capital expenditure Attrition ARR lost in the twelve-month GRR ARR prior period less down-sell period over ARR prior period and attrition over ARR
Slide 38: Appendix 2: Strategy & Market Update
APPENDIX 2: STRATEGY & MARKET UPDATE ENERGY ONE LIMITED (ASX:EOL) : FULL YEAR RESULTS FY26 38
Slide 39: The Energy One Journey
THE ENERGY ONE JOURNEY ESTABLISHMENT & GROWTH GEOGRAPHIC EXPANSION FOLLOW THE SUN MARKET COVERAGE IN AUSTRALIA INTO EUROPE ESTABLISHED INCREASES 2003 2007 2009 2018 2020 2021 2022 2023 2024 2027+ ENERGY LISTED FIRST ACQUISITION ACQUISITION ACQUISITION ACQUISITION GLOBAL 24/7 ONE STOP FULL MARKET RET
Slide 40: Two Regional Businesses, Shared Global Strength
TWO REGIONAL BUSINESSES, SHARED GLOBAL STRENGTH SUPPORTED BY SHARED AUSTRALIA GLOBAL FUNCTIONS EUROPE Fully integrated regional business Led by COO, CCO & CRO, Europe CORPORATE SERVICES Customer Engagement Customer Engagement Sales & Marketing FINANCE Sales & Marketing Technology Technology Products
Slide 41: Market Evolution
MARKET EVOLUTION 2026 - 2030 2020 - 2026 2000 – early 2020s Distributed, asset-rich portfolios Electrification & (DER, storage, flexible loads), Renewables scale-up electrification and asset aggregations Centralised generation, Commercial models evolve: DSOs procure flexibility; supplier-centric mar
Slide 42: Strong Functional Integrated Ecosystem
STRONG FUNCTIONAL INTEGRATED ECOSYSTEM Asset / Trading Strategy SimEnergy EnTrader EOT EnPrice NemSight ETRM EMEA & ANZ DATA & ANALYTICS Front Office Portfolio TRADE TO CASH Management / Short Term Trading Back Office EnergyOffer pypIT eZ-Ops EnVoy eZ-Ops EnFlow 24/7 OPT Market Access / BIDDING / SC
Slide 43: Strategic Pillars to Support Energy One Evolution
4 STRATEGIC PILLARS TO SUPPORT ENERGY ONE EVOLUTION EO ONE PLATFORM Approach Tier-1 with a fully integrated solution one User Experience / Customer journey GLOBAL LEVERAGE Expand to new markets Global Go-to-Market capabilities PRODUCTIVITY Centres of Excellence AI Adoption with Human-In-The-Loop INO
Slide 44: Metrics That Matter
METRICS THAT MATTER +17% 91% Strong recurring revenue Recurring revenue as % growth in both Europe and Australia of total revenue a new high 106% Large Deals NRR across Australia Multi-product wins and Europe remains solid validating one-stop-shop +42% ~30% Cash EBITDA growth highlights Still on tra
Slide 45: Investor Relations/Enquiries
INVESTOR RELATIONS/ENQUIRIES Andreas Lundberg, Fortitude IR andreas.lundberg@fortitudeir.com.au +61 457 650 482