Slide 1: 1H26 Financial Results
1H26 FINANCIAL RESULTS 23 FEBRUARY 2026
Slide 2: Agenda
AGENDA KEY MESSAGES & METRICS NUIX NEO & STRATEGY FINANCIAL RESULTS OUTLOOK 2
Slide 3: 1. Key Messages & Metrics
1. KEY MESSAGES & METRICS JOHN RUTHVEN INTERIM CHIEF EXECUTIVE OFFICER
Slide 4: 1H26 Key Messages
1H26 KEY MESSAGES 1. Annualised Contract Value (ACV) $234.4m, 4. Lift in Cash Generation up 8.4% on pcp > Positive Underlying and Overall Cash Flow > up 2.6% since June 2025 > Closing cash balance of $57.8m 2. Nuix Neo ACV $46.8m, up 148% on pcp 5. Launch of Nuix Neo Migration Program > up 67% since
Slide 5: 1H26 Key Financial Metrics
1H26 KEY FINANCIAL METRICS Annualised Contract Value (ACV)1 Revenue Net Dollar Retention $234.4m $121.2m 101.0% Up 8.4% on 1H25 Up 15.2% on 1H25 Down 8.6pp on 1H25 Up 2.6% on FY25 Down 6.4pp on FY25 Adjusted Management EBITDA2 Statutory EBITDA Net Cash $19.1m $26.5m $57.8m Up 42.6% on 1H25 Up 72.7%
Slide 6: Near Term Priorities – Progress Update
NEAR TERM PRIORITIES – PROGRESS UPDATE At November’s AGM, we outlined clear near-term priorities focused on product innovation, go-to-market excellence, and operational efficiency. We are pleased to report significant progress across all commitments SALES PRODUCT Leverage brand to target our Ideal C
Slide 7: 2. Nuix Neo & Strategy
2. NUIX NEO & STRATEGY JOHN RUTHVEN INTERIM CHIEF EXECUTIVE OFFICER
Slide 8: AI Innovation Is Reshaping the Enterprise Software Landscape
AI INNOVATION IS RESHAPING THE ENTERPRISE SOFTWARE LANDSCAPE Market segmentation is emerging between routine tasks and high complexity and scale data discovery, analysis and investigations LLM Industry-Specific Plugins & Enterprise-Ready, Industrial Scale Similar Innovations Analysis Platforms to en
Slide 9: Nuix Neo: Forensic Data Analysis and LLM Integration Flexibility
NUIX NEO: POWERFUL COMBINATION OF FORENSIC DATA ANALYSIS AND LLM INTEGRATION FLEXIBILITY Unstructured Data SEARCH at scale UNDERSTAND quickly ACT with confidence 1000+ File Types Nuix Cognitive Actionable OSINT Experian Docs Engine Engine (NLP) Intelligence Enterprise-scale dataset Analytics | Repor
Slide 10: Customers Must Balance AI Innovation with Accuracy and Defensibility
NUIX’S CUSTOMERS MUST BALANCE AI INNOVATION WITH ACCURACY AND DEFENSIBILITY Customer outcomes must withstand legal scrutiny, regulatory examination, and public accountability AI plugins can accelerate routine tasks, but they are not built to replicate the processing power, investigative depth, and d
Slide 11: FY26 Product Roadmap
FY26 PRODUCT ROADMAP Successfully delivering releases in line with plan H1 FY26 H2 FY26 DEEP LEARNING FRAMEWORK BYO AI MODELS AI SEMANTIC SEARCH AI INTERACTIVE CHAT HORIZONTAL AI DATA CURATOR WORKFLOWS SOLUTIONS REGULATORS SOLUTION OSINT INTEGRATION SOLUTION KNOWLEDGE GRAPH DASHBOARDS & UNIFIED UI E
Slide 12: Faster Easier Smarter
Nuix Neo is an AI-enriched FASTER EASIER SMARTER single platform that helps DO MORE, SAVE TIME REDUCE FRICTION AI ENRICHED SOLUTIONS customers identify, process On-demand scalability and End-to-end, web-based, Leverages diverse best-fit and understand complex data, significant efficiency automated,
Slide 13: Nuix Neo ACV
NUIX NEO ACV Sustained rollout growth 1H26 NUIX NEO ACV Nuix Neo ACV ($m) $46.8m, up +148% on 1H25 > Nuix Neo ACV up 148% on pcp, up 67% in since June 2025 > Expanded to 101 customers, up from 75 in June 2025 > Strong Nuix Neo sales to new customers, supported by new sales to existing customers, ups
Slide 14: Building the Future
BUILDING THE FUTURE Platform transformation accelerating: Nuix Neo path to ACV majority ACV by product type ($m) 250.0 234.4 > Nuix Neo Discover now part of the Neo suite, with expanded solution 228.4 211.5 216.2 capabilities 199.6 COMPONENTS 200.0 > Multiple growth drivers contributing to mix shift
Slide 15: Customer Value Through Nuix Neo Migration
CUSTOMER VALUE THROUGH NUIX NEO MIGRATION Delivering measurable operational and financial benefits for customers FASTER EASIER SMARTER > 4-5x faster processing enables teams to handle > Automated, template-driven workflows improve ease > AI-enriched analytics surface relevant insights larger caseloa
Slide 16: Neo Migration Program
NEO MIGRATION PROGRAM Comprehensive enterprise program to systematically migrate Nuix’s customer base Secure the Future Drive ACV growth Enhance Retention Transition customers to our Unlock new value and Increase customer loyalty modern platform to future-proof expansion opportunities and value with
Slide 17: Neo Migration Program - Timelines
NEO MIGRATION PROGRAM - TIMELINES Three phased approach PHASE 1: PHASE 2: PHASE 3: Foundation & Intelligence Build Migration Factory Execution at Scale Customer segmentation and ICP Standardised playbooks Repeatable migration processes definition Partner capability expansion Migration readiness asse
Slide 18: Linkurious Acquisition
LINKURIOUS ACQUISITION Adding powerful graph technology to the Nuix offering > Agreement signed to acquire existing Nuix Neo technology partner Linkurious in December 20251 About Linkurious: Transaction Structure: > Founded 2013, Paris-based graph > Maximum enterprise value €20 million visualisation
Slide 19: 3. Financial Results
3. FINANCIAL RESULTS PETER MCCLELLAND CHIEF FINANCIAL OFFICER
Slide 20: Annualised Contract Value (ACV)
ANNUALISED CONTRACT VALUE (ACV) Growth driven by new customers 1H26 ACV ACV ($m) 216.2 234.4 8.4 $234.4m, up 8.4% as at 31/12/25 199.6 6.3 > Total ACV up 8.4% on pcp, up 7.8% in constant currency1 14.3 170.2 > ACV up 2.6% since June 2025, up 2.1% in constant currency 164.5 11.9 16.6 > ACV growth par
Slide 21: ACV Growth Drivers
ACV GROWTH DRIVERS Nuix Neo key growth driver, with further growth in Nuix Neo Discover 2.1 234.4 134.4 6.5 27.9 > Nuix Neo the key driver of growth, increasing by 216.2 116.2 $27.9m (+148%) on pcp, to a total of $46.8m Nuix Neo Discover > New customers a key driver of Nuix Neo growth, Growth: -18.3
Slide 22: Net Dollar Retention & Churn
NET DOLLAR RETENTION & CHURN NDR impacted by isolated large contract adjustments, churn improving from elevated levels > NDR reflects the lift in ACV achieved from Nuix’s existing customer base 130 20 over a 12-month period Net Dollar Retention (%) 18 > Net Dollar Retention (NDR) of 101.0%, with dow
Slide 23: Regional ACV
REGIONAL ACV Growth led by EMEA North APAC Asia EMEA 19% of America Pacific up 18.8% Group ACV up 10.8% down 8.6% on pcp $127.4m on pcp $62.8m $44.2m on pcp ACV ACV ACV North America EMEA 54% of 27% of Group ACV Group ACV North America EMEA Asia Pacific > North America ACV up 10.8%1 on pcp, up 10.8%
Slide 24: Revenue
REVENUE Stronger revenue on key renewals, including multi-year deals 140 Statutory Revenue ($m) 120 1H26 REVENUE 100 $121.2m, up 15.2% 80 > Revenue up 15.2% on pcp, up 12.9% in constant currency1 121.2 60 105.2 98.4 84.0 87.6 > Total Revenue higher on multi-year deal renewals with key accounts 40 an
Slide 25: Research & Development
RESEARCH & DEVELOPMENT Investment spend maintained with further shift in capitalised vs expensed components Total R&D Spend ($m) 1H26 RESEARCH & DEVELOPMENT 34% 34% $28.8m, up 0.7% 40 40% 27% 27% 24% 35 20% 28.8 29.7 28.6 28.8 > Total Research & Development spend up 0.7%, to $28.8m, representing 24%
Slide 26: Adjusted Management EBITDA
ADJUSTED MANAGEMENT EBITDA Strong rise driven by expanding operating leverage and disciplined cost management 1H26 ADJUSTED MANAGEMENT EBITDA Adjusted Management EBITDA ($m) and margin (%) 25.0 20.0% $19.1m, up 42.6% 15.8% 18.0% 20.0 16.0% > Adjusted Management EBITDA1 incorporates the full Research
Slide 27: EBITDA
EBITDA Revenue growth well in excess of cost growth, driving operating leverage Net non-operational legal costs lower than prior period Adjusted Management EBITDA +42.6% on pcp 12.4 31.5 16.0 -3.3 26.5 -3.7 -1.8 19.1 -5.2 -0.2 -1.2 13.4 Change in Revenue Change in S&D Change in G&A Capitalised R&D N
Slide 28: Income Statement
$ millions 1H26 1H25 Change6 INCOME STATEMENT Software Revenue 115.0 99.4 15.7% Other Revenue 6.2 5.8 6.8% Total Revenue 121.2 105.2 15.2% Adjusted Management EBITDA up 42.6% Cost of Goods Sold -14.3 -10.7 -34.2% Gross Profit 106.8 94.5 13.0% > Total Revenue higher on multi-year deal renewals with k
Slide 29: Free Cash Flow
FREE CASH FLOW FREE CASH FLOW CONVERSION RATIO: Signficant lift in both underlying and overall cash flow 149% 131.6 UNDERLYING FREE CASH FLOW ADJUSTED MANAGEMENT EBITDA Underlying Cash Flow Overall $28.4m vs Free Cash Flow • Increase in both underlying and overall cash $7.0m in 1H25 $20.4m vs flow -
Slide 30: 4. Outlook
4. OUTLOOK JOHN RUTHVEN INTERIM CHIEF EXECUTIVE OFFICER
Slide 31: Outlook
OUTLOOK Trading: > Maintain full year ACV range $240m - $260m1 > ACV weighted to 2H in line with previous years Continued focus on core FY26 strategic objectives: > Continue to deliver on business transformation strategy > ACV growth driven by Nuix Neo > Revenue growth to exceed operating cost growt
Slide 32: Q&A
Q&A 32
Slide 33: Appendix
APPENDIX Snux
Slide 34: Balance Sheet
$ millions, as at 31 Dec 25 30 Jun 25 ASSETS Cash and cash equivalents 57.8 40.0 BALANCE SHEET Trade and other receivables 51.0 59.7 > Cash Balance higher due to strong free cash conversion Contract assets 61.9 50.9 Other current assets 10.4 11.4 > Trade and Other Receivables down on strong collecti
Slide 35: Nuix Neo
NUIX NEO Expanded platform capabilities, including Learning Framework and AI plug-in capabilities COLLECT PROCESS REVIEW ACTION Identify & Collect Ingest, Process Review & Analyse Report, Protect, with AI Enrichment Delete & Export • FOI Response • Data Breach Notification DATA PRIVACY • Data Breach
Slide 36: Customer Base
CUSTOMER BASE Long tenured, well-diversified customer base ACV by Customer Customer • Over 80% of ACV generated Industry Group Concentration Tenure outside Australia 11% 16% • No customer represents more 27% 31% than 3% of ACV 36% 24% 45% • 45% of ACV derived from 39% customers with a tenure over 37
Slide 37: ACV by Licence Type
ACV BY LICENCE TYPE Small changes in overall proportions ACV by Licence Type 234.4 216.2 4% 0.4 199.6 3% 0% 12% > Consumption licences have grown as a proportion of total ACV 5% 13% 170.2 2% over recent years driven by Nuix Neo in particular, in line with 164.5 5% 14% 25% strategy 6% 2% 4% 26% 14% >
Slide 38: ACV Mix and Licence Types
ACV MIX AND LICENCE TYPES Subscription ACV Other ACV ACV Type (4% 1H26 Total ACV) (96% 1H26 Total ACV) > Subscription ACV is recurring in nature Hardware/ and includes Module, Consumption Perpetual Services Software Licence Module Consumption Perp Maintenance Licences (Non- and the maintenance on Pe
Slide 39: Licence Type Implications on Revenue Recognition
LICENCE TYPE IMPLICATIONS ON REVENUE RECOGNITION 1 year licence example 3 year MYD licence example Delivery model Licence type Impact in month 1 Impact in month 1 3.6 • $1.2m on-premise module licence – 1 year Subscription or Consumption licence 1.2 1.2 1.2 • $3.6m on-premise module licence – 3 year
Slide 40: Glossary
GLOSSARY 1) Annualised Contract Value (ACV) is an adjusted, non-IFRS measure and does not represent Total Revenue in accordance with AAS or Nuix’s accounting policies or cash receipts from customers. ACV is used by Nuix to assess the total contract value of its software contracts on an annualised ba
Slide 41: Constant Currency
CONSTANT CURRENCY Constant Currency has been calculated using the below methodology: 1. Constant currency rates are calculated by dividing the total 1H25 consolidated AUD revenue associated with a currency by the total 1H25 transaction currency revenue of the same currency, providing a weighted aver
Slide 42: Disclaimer
DISCLAIMER The material contained in this document is a presentation of general information about Nuix Limited’s activities current as at the date of this presentation (23 February 2026). It is provided in summary and does not purport to be complete. This information has been prepared by Nuix Limite