Aspermont Limited · ASX:ASP
Aspermont — Q4 FY26 Earnings Presentation
25 slides from Aspermont's earnings presentation, Oct 30, 2026
Slide 1: Q4 FY26 Investor Update
ASPERMONT ASPERMONT rsonal use only Q4 FY26 Investor Update — 30 October 2026 Transforming 190 years of resource-sector authority into a subscription-first data & intelligence platform Proven subscriptions engine | AI-enabled | Self-funded ASX:ASP | FRA:00W
Slide 2: The Market Leader in B2B Intelligence for the Global Resource Sectors
WHO WE ARE The Market Leader in B2B Intelligence for the Global Resource Sectors The Market Leader in B2B Intelligence for the Global Resource Sectors rsonal use only For 190 years Aspermont has been the trusted source of news, research and intelligence for the people who build, finance and supply t
Slide 3: A House of Trusted Resource-Sector Brands
HOUSE OF BRANDS A House of Trusted Resource-Sector Brands A House of Trusted Resource-Sector Brands rsonal use only Flagship data & intelligence Flagship — 190-year heritage Origin brand; market penetration Operational mining market platform Project Pipeline Risk Index Analytics In-house marketing s
Slide 4: More than 25% of the Global Fortune 100 are Aspermont clients
HOUSE OF BRANDS More than 25% of the Global Fortune 100 are Aspermont clients More than 25% of the Global Fortune 100 are Aspermont clients rsonal use only FINANCIAL COMPANIES SUPPLY CHAIN SERVICES TECHNOLOGY SERVICES MINING MACHINERY BANKING ACCOUNTING ENERGY ENGINEERING INVESTMENT SERVICES LEGAL S
Slide 5: Three Engines, One Inflection
THE EQUITY STORY IN ONE PAGE Three Engines, One Inflection Three Engines, One Inflection Our growth priorities: converting readers into multi-year Enterprise subscription contracts and scaling proprietary data & intelligence products — the rsonal use only highest-margin, most scalable engines, all a
Slide 6: Each Subscription Earns 4.2x More and Lasts 52% Longer Than in 2016
TEN YEARS OF GROWTH Each Subscription Earns 4.2x More and Lasts 52% Longer Than in 2016 rsonal use only 2.6x 4.2x 3.7x 23.1x 3.4x ARR ARPU Customer lifetime value Unit economics Top-10 client share $4.5m → $11.5m $623 → $2,622 $16.5m → $61.4m 19.8x → 23.1x 2.9% → 9.8% of revenue 9.9% CAGR 15.5% CAGR
Slide 7: Q4 FY26 at a Glance
THREE MONTHS TO 30 S E P T E M B E R 2026 Q4 FY26 at a Glance Q4 FY26 at a Glance rsonal use only Q4 reflects contract timing: $0.5m of revenue on signed contracts, led by a Tier-1 OEM Nexus contract, starts in FY27. $3.4m $2.5m $1.6m Revenue from continuing operations Subscriptions revenue Cash and
Slide 8: Guidance Scorecard
GUIDANCE SCORECARD “FY26 was a planned investment year. Our subscriptions engine completed ten years of growth, and we built the Data Intelligence business. Q4 signed a lighthouse Tier-1 OEM Nexus contract delivering through FY27, and proof-of-concepts with 10 Tier-1 miners for our new DI platforms
Slide 9: Tracking Delivery of the Transformation
EXECUTION SCORECARD Tracking Delivery of the Transformation Stage Deliverable Timing Status rsonal use only FOUNDATION Rio Tinto archive & data contract signed (~$550k) FY25 DELIVERED FOUNDATION Mining-IQ v1 platform launched Q4 FY25 DELIVERED BUILD D&I team, product roadmap and five-year plan in pl
Slide 10: What Moved Q4 Revenue — Timing, Not Demand
Q4 FY26 REVENUE BRIDGE What Moved Q4 Revenue — Timing, Not Demand rsonal use only $4.7m ($1.07m) +$0.50m $3.9m ($0.11m) +$0.02m $3.4m ($0.17m) Flat +$0.07m Q4 FY25 Events timing¹ Nexus timing Print & lead gen Subs & data licensing Digital advertising Other Q4 FY26 Booked, starts FY27² Q4 FY26 + book
Slide 11: Growth Engines Now Offsetting Legacy Decline — FY26 vs FY25
REVENUE PERFORMANCE Growth Engines Now Offsetting Legacy Decline — FY26 vs FY25 Growth Engines Now Offsetting Legacy Decline — FY26 vs FY25 rsonal use only $m unless stated FY26 FY25 Change % mix Subscriptions & Data Licensing 10.2 10.2 Flat 67% Growth lines: Nexus, digital advertising, events 3.7 3
Slide 12: Operating Cash Outflow Held at $0.21m–$0.35m a Quarter from Q2
CASH FLOW TRAJECTORY Operating Cash Outflow Held at $0.21m–$0.35m a Quarter from Q2 Quarterly net operating cash flow, FY26 c.$0.3m rsonal use only ($1.50m) Includes one-off outflows; underlying c.($0.3m)* underlying quarterly operating outflow since Q1, as disclosed in the Q1 FY26 Appendix 4C $1.6m
Slide 13: Corporate Subscriptions — Large TAM, Long ARPU Runway
GROWTH RUNWAY Corporate Subscriptions — Large TAM, Long ARPU Runway rsonal use only WHERE WE ARE TODAY THREE GROWTH LEVERS ~80,000 mining corporates globally (TAM) 1 Grow volume Expand content · improve UX · optimise marketing 4,000+ corporate subscribers — ~6% penetration $11.6m ARR (incl. data lic
Slide 14: Building a Global Mining Data & Intelligence Platform
DATA & INTELLIGENCE OPPORTUNITY Building a Global Mining Data Intelligence Platform Building a Global Mining Data & Intelligence Platform Data pipeline live across a vast number of verified sources incl. government feeds · Rio Tinto data licence in delivery · proof-of-concepts with 10 Tier-1 miners
Slide 15: Proven, Aligned Leadership with Deep Sector Expertise
LEADERSHIP Proven, Aligned Leadership with Deep Sector Expertise Proven, Aligned Leadership with Deep Sector Expertise rsonal use only Michael Brown Alex Kent Ajit Patel Graeme McCracken Nishil Khimasia Josh Robertson Non-Executive Chair Managing Director COO / Exec Director Non-Exec Director CFO CM
Slide 16: Why We Will Win
DEFENSIBLE MOAT Why We Will Win rsonal use only Aspermont has a unique opportunity to produce relevant products at a scale and depth that is exceptionally difficult to replicate. The moat is the data, the network and the trust — not the technology. 1 190 years of proprietary archive 2 150+ journalis
Slide 17: Four Reasons the Inflection Is Now
WHY NOW Four Reasons the Inflection Is Now rsonal use only Product readiness Proven subscriptions base 1 Rio Tinto data licence in delivery; proof-of-concepts with 10 Tier-1 miners from Nov 2026; MVP early 2027; revenue CY27. 2 Ten years of growth to June 2026; 15.5% ARPU CAGR; 4,000+ corporate subs
Slide 18: Enabling businesses to dig deeper and make better decisions
rsonal use only Enabling businesses to dig deeper and make better decisions for a brighter future Enabling businesses to dig deeper and make better decisions for a brighter future Heritage is becoming intelligence. Subscriptions are funding the build. The inflection is now. London Moor Place, 1 Fore
Slide 19: Appendix
rsonal use only — — Appendix Brand & business guide · AI · Cap table · Glossary · Disclaimer
Slide 20: Q4 FY26 Financial Performance
FINANCIAL PERFORMANCE — Q4 FY26 vs Q4 FY25 Q4 FY26 Financial Performance Q4 FY26 Financial Performance rsonal use only $m Q4 FY26 Q4 FY25 Change Subscriptions and Data Licensing revenue 2.5 2.5 Flat Other revenue (Advertising, Nexus & Events) 0.9 2.2* (59%) Total revenue from continuing operations 3
Slide 21: What Each Brand & Business Does
What Each Brand Business Does HOUSE OF BRANDS · WHAT EACH DOES What Each Brand & Business Does A plain-English guide to Aspermont's brands and the role each plays across the resources industry. rsonal use only Mining Journal Future of Mining The 190-year flagship: global news, analysis and research
Slide 22: AI Is a Tailwind, Not a Headwind
AI AI Is a Tailwind, Not a Headwind AI Is a Tailwind, Not a Headwind rsonal use only Gated content and data from 190 years of continuous daily reporting, a vast number of verified 1 Proprietary, not scrapeable sources and government feeds. General-purpose LLMs cannot reproduce it, and enterprises ve
Slide 23: A Clean, Institutional-Ready Capital Structure
CAPITAL STRUCTURE — POST 250:1 CONSOLIDATION A Clean, Institutional-Ready Capital Structure A Clean, Institutional-Ready Capital Structure rsonal use only STRUCTURE SUBSTANTIAL HOLDERS (% IC) Directors & Executives (combined) 27.1% Ticker codes: ASX:ASP | FRA:00W BNP Paribas Nominees 15.3% Shares on
Slide 24: Key Terms
GLOSSARY Key Terms Key Terms rsonal use only ARR Annual Recurring Revenue — annualised value of recurring ARPU Average Revenue Per Unit — average annualised subscriptions subscriptions at period end (non-IFRS; retired from FY27). revenue per corporate-subscription unit. NRR Net Retention Rate — YoY
Slide 25: Disclaimer
IMPORTANT NOTICE Disclaimer Disclaimer rsonal use only This presentation has been prepared by Aspermont Limited (ASX:ASP). All financial information has been prepared in accordance with Australian Accounting Standards; certain data is non-IFRS financial information and readers are cautioned not to p