Slide 1: 1H26 Results
1H26 Results Paul Larbey, CEO Matt Wilson, CFO © 2026 Bango PLC | Bango.com
Slide 2: Agenda
Agenda Paul Larbey 01 Introduction and 1H26 highlights CEO 02 1H26 financial review 03 DVM opportunity 04 Q&A Matt Wilson CFO © 2026 Bango PLC | Bango.com 2
Slide 3: Bango overview
Bango overview Payments Subscriptions segment segment DCB and Wallets Digital Vending Machine® (DVM) Enabling content providers to offer their users The market leading platform for subscription bundling, alternative payment methods, such as telco billing which enables content providers to bundle the
Slide 4: Bango technology brings together content providers with resellers
Bango technology brings together content providers with resellers End-to-end solution for sophisticated multi-product bundles and carrier-billed payments, with agentic capabilities Connect once to Bango and join an ecosystem of over 130 subscription services and over 150 telcos Telcos Content Banks
Slide 5: Platform and ecosystem scale create a unique, defensible and growing moat
Platform and ecosystem scale create a unique, defensible and growing moat Bango’s moat comes from its ecosystem, relationships and marketplace scale which are slow and complex to replicate Established Technical Industrywide relationships complexity data Power global leaders Deep integration into Uni
Slide 6: 1H26 highlights
1H26 highlights Ecosystem continues to expand 31% 119% 6 100+ ARR Growth Net revenue retention New DVM wins Telcos in the pipeline Driven by existing customer Growth model proven. Zero Strong FY25 momentum Each with 4M+ customers. expansion DVM churn. maintained. Non-Telco pipeline growing. Profitab
Slide 7: 1H26 Financial review
1H26 Financial review Matt Wilson © 2026 Bango PLC | Bango.com
Slide 8: Higher-quality growth translating into operating leverage and cash
Higher-quality growth translating into operating leverage and cash Clear progress in KPIs Growth KPIs 1H26 1H25 YoY Strong ARR Active Subscriptions 25.6M 19.2M +33% momentum continues at Annual Recurring Revenue $20.4M $15.6M +31% +31% growth (ARR) Increasing usage of Net Revenue Retention YoY 119%
Slide 9: 1H26 segmental metrics
1H26 segmental metrics 1H26 1H25 Change Revenue Subscriptions Payments $13.6M $14.3M -5% scaling rapidly towards Subscriptions $12.3M $10.9M +13% standalone cash Subscriptions generation with Adj. Total $25.9M $25.2M +3% EBITDA more Adj. EBITDA than tripling (+224% YoY) Payments $5.8M $5.7M +1% Paym
Slide 10: Existing customer expansion driving the majority of ARR growth
Existing customer expansion driving the rowth +31% G majority of ARR growth $25M $1.8M $20.4M $20M $3.0M Zero churn of live DVM $15.6M customers $15M $10M More customers scaling through DVM license tiers $5M - 30-June 2025 Growth from Growth from 30-June 2026 ARR Existing Customers New Customers ARR
Slide 11: Payments segment: quality of revenue enhanced
Payments segment: quality of revenue enhanced Payments segment revenue bridge $16M $0.3M Headline $14.3M $14M $0.1M $13.6M revenue driven $(1.2)M by high-CoS Core routes +3% $12M route optimization YoY; now 90% of Payments $10M revenue $8M Payments segment revenue mix $6M 100% 17% 10% 80% $4M 60% 90
Slide 12: Subscriptions segment: Subscriptions-based revenue fueling growth
Subscriptions segment: Subscriptions-based Subscriptions segment revenue bridge revenue fueling growth +13% Growth $16M Subscription- $3.2M based $14M revenue¹ up $12.3M $12M $(1.8)M 39% YoY $10.9M $10M One-off DVM $8M revenue lower due to timing $6M of new $4M business Net Revenue Retention $2M rem
Slide 13: Lower operating cost and capital intensity driving stronger cash economics
Lower operating cost and capital intensity driving stronger cash economics Core administrative expenses Capitalized development costs 23% red 31% reduc $30M uction $9M tion $8M $7.7M $25M $24.5M $7.3M $22.3M $7M $(0.3)M $(2.2)M $20M $18.9M $6M $(3.3)M $5.3M $5M $(2.0)M $15M $4M $10M $3M $2M $5M $1M
Slide 14: Net Debt movement
Net Debt movement Net Debt Bridge 1H26 $10M $0.5M reduction 9.2 $9M 0.2 8.7 0.8 $8M 0.7 R&D remains the 0.2 primary use of $7M 1.4 cash $6M Cash (3.7) exceptional $5M costs relate to $4M FY25 initiatives $3M Net debt reduction $2M from Dec-25 $1M to $8.7M as planned - Net Debt Cash Cash Change in Le
Slide 15: 1H26 Income Statement
$M 1H26 1H25 1H26 Income Statement Payments Subscriptions 13.6 12.3 14.3 10.9 Adj. EBITDA growth of +34% to $9.0M Revenue 25.9 25.2 % Growth +3% Gross Profit 22.6 21.3 % Margin 87% 84% Other Income Other Income 0.0 0.4 Gross margin (related to Core Administrative Expenses (18.9) (22.3) improved by 3
Slide 16: 1H26 summary: Higher quality growth translating into stronger profitability and Cash EBITDA
1H26 summary: Higher quality growth translating into stronger profitability and Cash EBITDA Improving revenue Operating leverage Building a stronger quality and visibility coming through financial model • ARR growth remains strong; • 310bps gross margin expansion • Continued deleveraging expected to
Slide 17: DVM progress
DVM progress Paul Larbey © 2026 Bango PLC | Bango.com
Slide 18: Powering choice and control for subscribers
Powering choice and control for subscribers © 2026 Bango PLC | Bango.com 18
Slide 19: Proximus: Consolidating multiple streaming options into one convenient destination
• Largest Telco in Belgium Proximus: Consolidating multiple streaming • 3+ million subscribers options into one convenient destination • Previously managed multiple direct integrations with individual SVOD providers through in- house platform In-house platform replaced to accelerate partner onboardi
Slide 20: Turkcell: Supporting strategic 5G rollout through major multi-party subscription bundles
• Turkey's biggest mobile network Turkcell: Supporting strategic 5G rollout operator with c.50M subscribers through major multi-party subscription bundles • Increasingly positioning itself as a broader technology and digital services business • Launched extensive super bundles featuring both leading
Slide 21: LinkedIn: Quickly and easily expanding the reach of premium services
• Estimated 120 million global LinkedIn: Quickly and easily expanding LinkedIn Premium subscribers the reach of premium services • Brings in over $2 billion in annual revenue, making paid subscriptions one of the platform's fastest- growing sectors • Broadening the reach of its Premium subscription
Slide 22: KDDI: Turning pre-paid customers into engaged subscribers
• KDDI is one of the largest telcos in KDDI: Turning pre-paid customers into Japan with over 70M subscribers • povo2.0 is a mobile service engaged subscribers operated by KDDI • povo2.0 targets digital natives and Generation Z • Subscription bundles help povo2.0 move beyond the traditionally transac
Slide 23: Mobile Vikings: Deepening customer engagement and strengthening loyalty
• Digital trailblazer in the Belgian Mobile Vikings: Deepening customer telecom market • Targets younger, digitally savvy engagement and strengthening loyalty consumers • Positions streaming subscriptions as an alternative to traditional TV • Launched subscription hub for digital native audience • S
Slide 24: Outlook
Outlook Subscriptions Payments Profitability Revenue quality Cash EBITDA 8 DVM wins improving improving • 8 new DVM wins in FY26 YTD • Route restructuring ahead of • Subscriptions Cash EBITDA on • 6 contracted plan, expected to complete this track to turn positive in FY27 • Strong ARR growth continu
Slide 25: Questions?
Questions? © 2026 Bango PLC | Bango.com
Slide 26: Keeping in touch
Keeping in touch Join our investor hub to Follow Bango Follow Paul receive automatic updates on LinkedIn on LinkedIn and ask questions bangoinvestor.com/auth/signup linkedin.com/company/bango linkedin.com/in/paullarbey Explore our customer marketing materials to discover valuable insights into the m