X2m Connect Limited · ASX:X2M
X2m Connect — Q1 FY2026 Earnings Presentation
10 slides from X2m Connect's earnings presentation, Oct 28, 2025
Slide 1: X2M Connect Limited 1Q FY26 update
For personal use only X2M Connect Limited (ASX:X2M) 1Q FY26 update October 2025
Slide 2: About X2M
About X2M Three products For personal use only 85+ customers ONE CORE PLATFORM Vision by X2M A world leading IoT platform for 5 main geographies advanced AI and machine learning Hive by X2M applications, harnessing vast data volumes to deliver real-time data exchange, remote control, and 40+ patents
Slide 3: Operational Highlights – Strong start to FY26
Operational Highlights – Strong start to FY26 Momentum expected to continue into Q2 from contracts already secured together For personal use only with a significant pipeline of further prospects. From existing contracts, an additional $4 million in revenue expected to be recognised in FY26 Existing
Slide 4: 1Q FY26 Financial Highlights
1Q FY26 Financial Highlights 1 Revenue of $2.1m up 25% on pcp benefiting from strong For personal use only Revenue Gross Profit contracted pipeline now being deployed 25% 10% Opex of $1.7m, up 3% through debt restructuring costs Adj EBITDA loss Opex Gross profit of $0.9m with gross margin 44%, holdi
Slide 5: Growth will come from existing geographies
Growth will come from existing geographies For personal use only TAM >$0.5B2 South Korea Japan Taiwan UAE • Current customer base • Expand beyond gas bottle • Commercialise “Hive.AI by X2M” • Driving gas monitoring into gas accounts for 62% of the water management AI platform for renewable companies
Slide 6: Progressively converting existing customer TAM
Progressively converting existing customer TAM TAM of existing water customers in South Korea: A$593M market2 with A$30M recurring revenue p.a3 For personal use only SOUTH KOREA MARKET – SEPT 2025 • The TAM of X2M’s existing water customers has increased to A$593 million from A$316 million in 4 TAM
Slide 7: Why X2M? Growth drivers for long-term shareholder return
Why X2M? Growth drivers for long-term shareholder return For personal use only Unique, world- Early mover Addressable Improving cash Existing footprint leading, future- advantage with market is large flow position in large markets proofed IoT significant and growing, with which can be solution enabl
Slide 8: X2M Team
X2M Team For personal use only Hon. Alan Stockdale AO | Non-Executive Chair Mohan Jesudason | CEO and Managing Director • Currently Emeritus Counsel of Medical Research Commercialisation • 11 years leading the X2M business Fund and Director of Knosys Limited • Previously Managing Director Gaming at
Slide 9: Disclaimer
Disclaimer This Presentation (“Presentation”) has been prepared by X2M Connect Limited (Company). You must read Investment risk and accept the conditions in this notice before considering the information set out in or referred to in this An investment in Shares is subject to known and unknown risks,
Slide 10: Contact
Contact For personal use only Mohan Jesudason Chief Executive Officer investor.relations@x2mconnect.com T: 1 800 926 926 (1 800 X2M X2M) Luke Maffei Automic Markets luke.maffei@automicgroup.com.au T: +61 403 193 579