Toku Ltd. · SGX:TKU
Toku — H1 2026 Earnings Presentation
21 slides from Toku's earnings presentation, Jul 28, 2026
Slide 1: 1H2026 Unaudited Financial Results
1H2026 Unaudited Financial Results Toku Ltd [SGX Catalist: TKU] The AI-Powered Customer Experience Platform for Complex Markets 28 July 2026
Slide 2: Important Notice
Important Notice This presentation is prepared by Toku Ltd. (the "Company") and is for information purposes only. It does not constitute or form part of an offer, solicitation or invitation to subscribe for, underwrite or otherwise acquire any securities of the Company. This presentation may contain
Slide 3: Agenda
1 1H2026 Key Highlights Agenda 2 Delivered as Guided 3 Revenue & Momentum 4 Profitability & Investment 5 Balance Sheet, Cash & Proceeds Commercial Momentum & Growth 6 Engines 7 2H2026 Outlook & Guidance
Slide 4: 1H2026 Key Highlights
Total Revenue Subs & Licensing US$18.8M +10.4% 1H2026 KEY HIGHLIGHTS +13.0% YoY vs 0.6% FY2025 Re-accelerated. Promises kept. Net Loss / Adj. EBITDA1 Gross Profit Borrowings-free. (US$3.8M) / +10.2% (US$2.9M) 23.9% Gross Margin Investment phase (0.6pp) vs 1H2025 Total Equity Cash Position US$11.0M U
Slide 5: What We Said in March. What Happened by June.
DELIVERED AS GUIDED What We Said in March. What Happened by June. Guidance given at the FY2025 results Capital Events Completed on Schedule Said Outcome 13 Jan 2026 Planned cost step-up Guided ✓ Delivered; Convertible loans converted extended US$7.1M FVPL liability eliminated PS recovery Anticipated
Slide 6: Growth Re-accelerating Across Consecutive Halves
REVENUE & MOMENTUM Growth Re-accelerating Across Consecutive Halves Half-Year Revenue (US$) Revenue by Stream (1H2026) +13.0% Stream US$M Mix YoY Usage 13.3 70.9% +19.6% 18.8M 16.6M Subscriptions & 3.1 16.6% +10.4% Licensing Professional Services 1.2 6.2% +1.2% Maintenance & Support 1.2 6.1% (12.4%)
Slide 7: Gross Profit Growing Through the Mix Shift
PROFITABILITY & COST DISCIPLINE Gross Profit Growing Through the Mix Shift Gross Profit & Margin (US$) Margin Improvement Levers (Unchanged) AI-Enhanced Services 1H2025 1H2026 Higher-margin transcription, summarisation, and sentiment analysis on consumption basis 4.1M 4.5M 24.5% margin 23.9% margin
Slide 8: A Deliberate, Front-Loaded Investment Half
PROFITABILITY & COST DISCIPLINE A Deliberate, Front-Loaded Investment Half Underlying Operating Expenses (US$M) Basis per Table 24: excludes listing-related fees (1H2026) and share-based payments (1H2025) Underlying 5.1 Components may not sum due to rounding off OPEX-to-Revenue 3.8 39.8% 1H2025 (Una
Slide 9: Planned Investment Reflected in Adjusted EBITDA
PROFITABILITY & INVESTMENT Planned Investment Reflected in Adjusted EBITDA Adjusted EBITDA Reconciliation Adjusted Net Loss Reconciliation 1H2026 1H2025 1H2026 1H2025 (US$) (US$) (US$) (US$) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Reported EBITDA (3.3M) (1.4M) Reported Net Loss (US$) (3.8M)
Slide 10: From Capital Deficit to Borrowings-Free in One Half
BALANCE SHEET & CAPITAL STRUCTURE From Capital Deficit to Borrowings-Free in One Half Balance Sheet Snapshot (30 Jun 2026) 30 Jun 2026 31 Dec 2025 (US$) (US$) Net current assets of US$2.0M against net (Unaudited) (Audited) current liabilities of US$10.3M at 31 Total Assets 17.8M 16.1M December 2025;
Slide 11: Cash Doubled; Operating Outflow Reflects the Plan
CASH FLOW & IPO PROCEEDS Cash Doubled; Operating Outflow Reflects the Plan 1H2026 1H2025 (US$) (US$) (Unaudited) (Unaudited) Operating US$(3.0M) excluding US$1.8M of Cash Flow (4.8M) (0.8M) listing-related payments (Table 28) Investing Cash Flow (1.2M) (0.8M) Platform expansion, office fit-out and d
Slide 12: S$16.25M Gross Proceeds: Deployment On Track
CASH FLOW & IPO PROCEEDS S$16.25M Gross Proceeds: Deployment On Track Gen. Working Capital Use Allocated Utilised Balance 4% (S$ ‘000) (S$ ‘000) (S$ ‘000) 14% 24% Platform & Technology 3,863 1,295 2,568 Listing Platform & Expenses Cash Reserve 1,996 1,996 - Technology Strategic M&A & Corporate 4,551
Slide 13: 1H2026 Leading Indicators
COMMERCIAL MOMENTUM 1H2026 Leading Indicators As a platform serving enterprise customers in complex markets, Toku's sales cycles typically span multiple quarters. Commercial activity in 1H2026 provides forward-looking visibility into revenue recognition in the periods ahead. Order book at 30 June 20
Slide 14: A Key Lever at IPO. Developing Ahead of Plan.
GROWTH ENGINE: MIDDLE EAST A Key Lever at IPO. Developing Ahead of Plan. What We Are Building Why Demand Is Rising Expansion of Coverage from 2 to 8 markets Middle East revenue commenced in Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman, Qatar, UAE; 1H2026 Talabat live region-wide Regional disruption
Slide 15: Talabat: Scaling Delivery CX Across MENA
CUSTOMER CASE STUDY Talabat: Scaling Delivery CX Across MENA Talabat | MENA Outcomes CSAT Step-Change Coverage Scale CSAT rose to ~80% after voice was introduced, beyond chat-only 8 8,000+ markets full Users, >20% CSAT Increase footprint in/outbound Measured uplift in customer satisfaction across th
Slide 16: From Deployments to Monetisation
GROWTH ENGINE: AI & PLATFORM From Deployments to Monetisation AI & Platform Progress Watch Items Kawa Launched (Makimoto) Timing of partner announcements; Uber offer for Delivery Hero First open-source release of Makimoto initiative on 1 July 2026, extending the Group’s position in AI infrastructu
Slide 17: IRAS: Government-Grade CX, Delivered
CUSTOMER CASE STUDY IRAS: Government-Grade CX, Delivered IRAS | Singapore Outcomes & Replicability Commissioner’s Award Pioneer The IRAS Helpline System won the Scope • Commissioner Award for Service Delivery First National Excellence Larger-scale Gov Cloud • Ministry of Finance Family Group Service
Slide 18: What to Hold Us To at FY2026
2H2026 OUTLOOK & GUIDANCE What to Hold Us To at FY2026 2H2026 Commitments Medium-Term Trajectory Revenue: 2H Growth Rate Guidance given 27 July 2026 | No 1H2026 Dividend 2H2026 year-on-year growth to exceed the 13.0% recorded in 1H2026 on an organic basis, consistent with the established second-ha
Slide 19: Positioned for Scalable, Profitable Growth
WHY TOKU Positioned for Scalable, Profitable Growth Proven Growth Engine AI-First Platform Complex Market Moat Path to Profitability 13.0% growth; re- AI live with government 38+ markets across four Cost base at run-rate; acceleration delivered and enterprise regions leverage from here S&L b
Slide 20: Questions & Answers
Questions & Answers Send in your questions via the QR code / link
Slide 21: Thank You
Thank You investors.toku.co | investor.relations@toku.co | SGX Catalist: TKU