Slide 1: FY26 Results
ASX: AD1 ASX: AD1 FY26 Results Consolidated results for the Financial Year ended 30 June 2026
Slide 2: Important Notices & Disclaimer
02 FY26 FINANCIAL RESULTS Important Notices & Disclaimer This presentation has been prepared by AdNeo Limited (ASX: AD1) (" AdNeo " or the "Company"). It has been prepared for information purposes only and does not purport to contain all of the information that a prospective investor may require in
Slide 3: Contents
03 FY26 FINANCIAL RESULTS Contents 01 Summary Overview 02 FY26 Financial Performance 03 Strategic Outlook 04 Appendix
Slide 4: FY26 Summary
04 FY26 FINANCIAL RESULTS FY 26 Summary Strong revenue growth, positive cash flow and underlying EBITDA, with a strengthened balance sheet. Revenue growth Operating revenue up 97% on PCP, with Education established as a major new vertical. +$9.6m Operating cash flow Record positive operating cash in
Slide 5: FY26 Financial Results
05 FY26 FINANCIAL RESULTS FY26 Financial Results Operating revenue Underlying EBITDA^ Net assets +97% +$3.5m +$5.2m • Operating revenue increased 97% • Underlying EBITDA turned positive • Net assets were restored to on FY25. in FY26. positive. • Learnt Global contributed $4.6m for • $4.0m of operati
Slide 6: FY26 Financial Performance
ASX: AD1 FY26 Financial Performance
Slide 7: FY Highlights and Challenges
07 FY26 FINANCIAL RESULTS FY 26 Highlights and Challenges HIGHLIGHTS CHALLENGES Learnt Global acquisition Statutory loss Completed all - scrip and integrated ahead of plan; Net loss of $3.97m, including a $1.88m non - cash $4.6m revenue and cash flow positive throughout impairment and $1.2m of non -
Slide 8: FY26: A Successful Strategic Turnaround
08 FY26 FINANCIAL RESULTS FY 26 : A Successful Strategic Turnaround Clear strategy, profitable growth, accretive M&A, AI investment 3 Year Plan Strategic Reset AdNeo has undertaken a strategic re - set and re - launch, which was presented to investors in H1 FY25. Within 18 months the business execut
Slide 9: Revenue Growth
09 FY26 FINANCIAL RESULTS Revenue Growth 81% from Organic and M&A growth, 75%+ ARR ( Annualised Recurring Revenue) Organic Growth in diversified market Share of wallet expansion, through more product offering and AI - driven investment generated organic CAGR: ~81% revenue growth at >3:1 LTV/CAC rati
Slide 10: Growing Revenue in each Category
10 FY26 FINANCIAL RESULTS Growing Revenue in each Category A scaled and diversified revenue base — Education & VET established as a significant new revenue stream in FY26 Enterprise Learning & Mentoring Increased from $3.5m to $4.0m, reflecting continued growth across the Group’s enterprise and gove
Slide 11: New Marquee Contract Wins 2026
11 FY26 FINANCIAL RESULTS New Marquee Contract Wins 2026 Landmark client wins across education, enterprise and government this year. Renewal for 2 years 10+ new marquee wins in 2026 worth a combined TVC of $3m+ with an average of $200k+ TCV, spanning education, enterprise, government and defence — v
Slide 12: Underlying EBITDA turnaround by +$3.5m
12 FY26 FINANCIAL RESULTS Underlying EBITDA turnaround by +$3.5m Underlying EBITDA turned positive in FY26 — a turnaround of more than $3.5 million on FY25. $ MILLIONS FY26 FY25 Statutory loss after tax (3.97) (5.25) Add back: depreciation and amortisation 2.59 2.40 Add back: net finance expense 0.5
Slide 13: Working towards Sustained Cash Flow Positivity
13 FY26 FINANCIAL RESULTS Working towards Sustained Cash Flow Positivity Back - to- back positive quarters and a full - year operating cash inflow, before the August 2026 placement
Slide 14: Improved Balance Sheet by +$5.2m
14 FY26 FINANCIAL RESULTS Improved Balance Sheet by +$5.2m A comprehensive recapitalisation restored net assets and materially strengthened the funding position $5.6m placement (gross proceeds), supported by new and existing institutional shareholders. $1.5m of Pure Asset Management debt converted t
Slide 15: Strategic Outlook
ASX: AD1 ASX: Strategic Outlook
Slide 16: Growth Strategy
16 FY26 FINANCIAL RESULTS Growth Strategy AdNeo strategy is based on four pillars Organic Growth Profitability Up to 20% YoY growth from existing offering, Expand EBITDA margin, while investing in AI with 80% Target Recurring Revenue, and top line growth. and 95%+ Net Revenue Retention. Strategic M&
Slide 17: Business Overview
17 FY26 FINANCIAL RESULTS Business Overview
Slide 18: Market Validation
18 FY26 FINANCIAL RESULTS Market Validation Our 850 clients represent many of the largest employers in AUS and US.
Slide 19: One Ecosystem, One Compounding Data Moat
19 FY26 FINANCIAL RESULTS One Ecosystem, One Compounding Data Moat Every product writes to one proprietary engine, and every product gets smarter from it. The more platform is used, the deeper the moat.
Slide 20: AdNeo's AI Powered Products
20 FY26 FINANCIAL RESULTS AdNeo's AI Powered Products
Slide 21: Summary
» AdNeo ASX: AD1 summary
Slide 22: Investment Highlights
22 FY26 FINANCIAL RESULTS Investment Highlights Undervalued compared to peers and working towards a potential rapid market revaluation. Mission - Critical SaaS Rule of 40 Focus Sticky, high - retention platforms for education, Targeting combined growth + EBITDA margin workforce, and government >40 b
Slide 23: AdNeo at a glance
23 FY26 FINANCIAL RESULTS AdNeo at a glance AI- powered learning and workforce capability company (ASX: AD1) — connecting education to employment Company overview Capital structure AdNeo consolidates a fragmented Australian market — vocational education software, enterprise learning and mentoring —
Slide 24: For more information: About AdNeo
24 FY26 FINANCIAL RESULTS ASX: AD1 For more information: Investor Relations • AdNeo Limited (ASX: AD1) • Level 4, 90 William Street, Melbourne VIC 3000 • Investors@adneo.com.au About AdNeo AdNeo Limited (ASX: AD1) is an education - to- workforce technology group. Through its portfolio - Catapult, Le