Powerhouse Ventures Ltd. · ASX:PVL
Powerhouse Ventures — FY2026 Earnings Presentation
21 slides from Powerhouse Ventures's earnings presentation, Aug 28, 2026
Slide 1: FY 2026 Results
28 AUGUST 2026 FY 2026 Results
Slide 2: Key Messages
FY26 RESULTS Key Messages Our first full year as an operating business, with earnings from our three business units and a broader revenue base. $3.89m 1 FY26 was our first full year operating as a merchant capital business Operating revenue, up 344% on FY25 $0.82m 2 A maiden operating profit, delive
Slide 3: Corporate Profile
ABOUT US Basis 25 Aug Corporate Profile 12.5c $20.9m Debt $ 0.9m • Respected advisor and investor in dual use technologies Share Price Market Cap Nil Enterprise Value 1 (materials science, quantum computing, space domain, chip technology, AI) Basis 30 June • 25 - year investment banking career with
Slide 4: Powerhouse Group – Business Units
ABOUT US Powerhouse Group – Business Units Our merchant capital business model aligns our shareholders, our clients, and our staff on generational and structural invest men t ideas; We have deep experience and enduring conviction in resources and technology. A growing stable of differentiated fund p
Slide 5: The Merchant Capital Flywheel
VALUE MODEL The Merchant Capital Flywheel We cornerstone every mandate and take fees in scrip , so our balance sheet compounds with the outcomes we help create . 2 We invest first 3 Advisory mandate How this compounds shareholder value Cornerstone from our own Fee taken part cash, part balance sheet
Slide 6: Powerhouse Group – Results
VALUE PROOF – FINANCIAL OVERVIEW Powerhouse Group – Results +344% +226% +21% $3.89m $0.82m 12.4c Operating Revenue 1 NTA per Share 5 Operating Profit (pre - tax) 4 +26% - 5% +6% $6.69m $3.62m 20% 2 Adjusted EBITDA 3 6 Total Revenue Level 1 Asset % Note 1: Operating Revenue excludes all realised & un
Slide 7: Strong Asset Growth
VALUE PROOF – FINANCIAL OVERVIEW Strong Asset Growth $1.75 FY26 ON FY25 PVL AARK INOV.L USA.L AXTX NTA per share 12.4c 21% $1.50 Why it matters $1.25 • NTA per share is a good measure of our teams’ high conviction investment capability, which is a key differentiator of our business model as it initi
Slide 8: Asset Quality Improvement
VALUE PROOF – FINANCIAL OVERVIEW Asset Quality Improvement FY26 ON FY25 $20m Level 1 Level 1 Level 2 overall: 20% 6% Level 3 $15m Why it matters • We test the duration profile and valuation reliability of our NTA by categorising assets between listed and cash - like assets (so called “Level 1”) vers
Slide 9: Strong Revenue Growth
VALUE PROOF – FINANCIAL OVERVIEW Strong Revenue Growth FY26 ON FY25 Operating Revenue Realised Investment Revenue Unrealised Investment Revenue $7m $6,692,262 26% $6m Why it matters • Record total revenue of $6.7m (up 26% on FY25) as $5m the Advisory Business Unit captures the Value Flywheel $4m • R
Slide 10: Strong Operating Profit
VALUE PROOF – FINANCIAL OVERVIEW Strong Operating Profit FY26 ON FY25 Operating Profit (LHS) Operating Revenue (RHS) $1.0m $4.0m $815,069 226% Why it matters $0.5m $3.0m • Record Operating Profit of $815k (up 226% on FY25) demonstrates that Powerhouse is cash profitable and self - sustaining without
Slide 11: Powerhouse Advisory
CORPORATE ADVISORY BUSINESS UNIT Powerhouse Advisory We win when our clients win: we put our money where our mouth is and invest alongside our network. Merchant Capital Advantage Investment Conviction Powerhouse provides anchor capacity in every ECM mandate. Our interests are structurally aligned wi
Slide 12: A Full Year of Advisory Earnings
CORPORATE ADVISORY BUSINESS UNIT A Full Year of Advisory Earnings Advisory generated $3.34m of adjusted EBITDA in FY26. $4.69m $3.34m >$40m 10 Segment revenue 1 Segment adjusted EBITDA 1 Transaction value Mandates completed Revenue sources Operating leverage FY26 FY25 CHANGE • Cash fee revenue grew
Slide 13: Merchant Capital at Work
CORPORATE ADVISORY BUSINESS UNIT Merchant Capital at Work 53% of Advisory revenue in FY26 was taken in scrip or earned on scrip we hold . 01 Mandate completion 02 Fee election 03 Scrip to balance sheet 04 Revaluation Ten mandates completed and over Cash or scrip, decided deal by deal Held alongside
Slide 14: Powerhouse Funds Management
FUNDS MANAGEMENT BUSINESS UNIT Powerhouse Funds Management Finding, investing in and supporting Australia’s most exciting companies. Since Since 1 Month 3 Months 1 Year Inception Inception (pa) Aliwa Alpha Fund Return (net) - 0.38% 2.81% 34.73% 301.67% 20.88% Benchmark 0.50% 1.51% 7.53% 57.43% 7.53%
Slide 15: Powerhouse Venture Partners
FUNDS MANAGEMENT BUSINESS UNIT Powerhouse Venture Partners Our team has 60+ years of combined experience across dual use technologies (materials science, quantum computing, space domai n, chip technology, AI); with deep market experience to match technology to commercial and capital outcomes, we hav
Slide 16: FY27 Priorities and Capital Management
LOOKING FORWARD FY27 Priorities and Capital Management Five priorities, each with a date or a number attached, and the capital position that funds them. FY27 priorities Capital management 1 Technology Fund launch CY2026 FRAN KIN G C APA CIT Y Targeting a joint venture strategy with total fund US$100
Slide 17: Appendix
Appendix 17
Slide 18: From Revenue to Adjusted EBITDA
FY26 RESULTS From Revenue to Adjusted EBITDA Each business unit’s revenue and its cost base, and what each contributes to the Group. Revenue Expenses Adjusted EBITDA ADVISORY FUNDS TREASURY EBITDA $3,336,007 · 71% margin EBITDA $3,849 · 0.6% margin EBITDA $285,077 · 20% margin 1,412,857 (1,127,780 )
Slide 19: Group Financial Performance
FY26 RESULTS Group Financial Performance Fee revenue quadrupled while investment gains fell. Adjusted EBITDA was broadly flat; statutory profit fell on non - cash charges. FY26 $ FY25 $ CHANGE Fee revenue 3,886,681 875,873 +344% Advisory and Funds fee income. First full year of operation for both bu
Slide 20: Treasury and the Balance Sheet
FY26 RESULTS Treasury and the Balance Sheet Net assets grew $3.25m to $19.86m , with no debt. Liquidity is managed across cash, treasury and listed assets. FY26 $ FY25 $ MOVEMENT $ Cash operating outflow of $0.85m due to timing of success fees, net investing outflow of $0.65m, and $0.20m Cash and ca
Slide 21: Disclaimer
Disclaimer Powerhouse Ventures Limited (PVL) ABN 64 612 076 169 This Presentation contains certain “forward - looking statements”. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions are int