Slide 1: Q2 FY26 Quarterly Activities Report and Appendix 4C
rsonal use only dubber.net Q2 FY26 Quarterly Activities Report and Appendix 4C 28 JANUARY 2026 This investor presentation has been approved for release to ASX by the Dubber Board of Directors
Slide 2: Disclaimer
Disclaimer This document has been prepared by Dubber Corporation Limited (Dubber) for information purposes about Dubber and its subsidiary companies (Dubber Group). The information contained in this document is not investment or financial product advice and is not intended to be used as the basis fo
Slide 3: Key Messages
rsonal use only Quarterly Activities Report and Appendix 4C Key Messages Q2 FY26
Slide 4: Q2 FY26 Key Messages
Q2 FY26 Key Messages Targeting underlying operating run-rate Q2 FY26 financial highlights rsonal use only cashflow breakeven in FY261&2 → Recurring revenue of $7.8m in Q2 FY26 First achieved in June 2025 compared to $8.2m in Q1 FY26 → Total cash based costs3 reduced by 12% in Q2 FY26 vs Q1 FY26 with
Slide 5: CEO Presentation Q2 FY26
rsonal use only Quarterly Activities Report and Appendix 4C CEO Presentation Q2 FY26
Slide 6: Tier 1 North American CSP Agreement
Tier 1 North American CSP Agreement rsonal use only Five-year agreement to deliver Mobile Voice Recording and AI-driven conversation analytics AUD$4.6m Recurring Strategic Strengthens Execution committed revenue validation long-term ARR focused revenue over 5 upside* of Dubber’s profile on driving y
Slide 7: Current Operational Priorities and Updates
Current Operational Priorities and Updates rsonal use only Re-achieving cashflow break-even* Driving recurring target in FY26 revenue growth → Continued focus on revenue growth → AI upsell focus → Cost out program continuing with efficiency gains → Positioning our AI products to bring better value t
Slide 8: Updating our Brand
Updating our Brand* rsonal use only Refined Product Positioning and Brand Alignment The Group progressed updates to its product positioning to more clearly reflect current platform capabilities and customer use cases. These changes are primarily market-facing and are intended to improve clarity and
Slide 9: Enabling the best market channels for rapid growth
Enabling the best market channels for rapid growth → New Head of Marketing appointed to lead brand and go-to-market execution rsonal use only → Tailor our products and marketing to go deeper into specific industry verticals → Add more CSPs with a focus on Recording as a Service (‘RaaS’) Go-to- Posit
Slide 10: Financial Overview
rsonal use only Quarterly Activities Report and Appendix 4C Financial Overview Q2 FY26
Slide 11: Reported Revenue by Quarter
Reported Revenue by Quarter Reported Revenue (AUD$M) Stability of revenue rsonal use only $11 Q2 FY26 reported revenue of $9.3M $10 $9 $8 ↓ 1% $7 on prior quarter (Q1 FY26) Revenue was broadly stable, $6 decreased marginally compared to prior quarter $5 $7.8M $4 $3 Q2 FY26 Recurring Revenue $2 Recur
Slide 12: Operating Cashflow Run-rate Improving
Operating Cashflow Run-rate Improving** Operating cashflow run-rate** breakeven Revenue and total cash costs* by quarter (AUD$M) rsonal use only targeted in FY26 $30 Total cash based costs (incurred basis)* Reported Revenue As previously announced to the market, FY26 operating cashflow run-rate will
Slide 13: Continued Efficiencies Are Reducing Direct Cost Expense
Continued Efficiencies Are Reducing Direct Cost Expense Direct Costs and Gross Margin (AUD$M) Annualised direct cost run-rate rsonal use only $4.5 Direct Costs Gross Margin (%) 80% Q2 FY26 $11.1M* Millions $4.0 70% $3.5 60% 70% $3.0 Gross margin achieved in Q2 FY26 50% $2.5 $2.0 40% GM ↑ ~1% 30% com
Slide 14: Operating costs continue to reduce
Operating costs continue to reduce Operating Cash Based Costs* (AUD$M) $26.8M rsonal use only Annualised Q2 FY26 $25 operating cash based cost* run-rate Millions $20 $15 ↓ 15% Operating Cash Based Costs reduced* between Q1 FY26 ($7.9m) and Q2 FY26 ($6.7m) reflecting ongoing cost efficiencies being d
Slide 15: Q2 FY26 Quarterly Cashflow
Q2 FY26 Quarterly Cashflow AUD$M Q2 FY26 Q1 FY26 $8.6M Q2 FY26 reported receipts rsonal use only down from $12.4m in Q1 FY26 principally due Receipts from customers 8.6 12.4 to timing of receipts from customers due to holiday shutdown Other operating cash outflows (11.2) (13.1) Net cash outflows use
Slide 16: Q2 FY26 Quarterly Cashflow (continued)
Q2 FY26 Quarterly Cashflow (continued) AUD$M Q2 FY26 Q1 FY26 Q2 FY26 rsonal use only Normalised cashflows from operating activities inflow Receipts from customers 8.6 12.4 Excluding abnormal or non-recurring cash costs including historic tax repayments, costs related to the ongoing Normalised other
Slide 17: Investigation And Recovery Of Funds
Investigation And Recovery Of Funds Dubber continues its rsonal use only ASIC investigation is ongoing and Dubber continues to provide assistance focus on recovery of Recovery Efforts funds with the Board sub-committee managing recovery efforts Proceedings filed in Federal Court of Australia against
Slide 18: Focus Areas FY26
rsonal use only Quarterly Activities Report and Appendix 4C Focus Areas FY26 Q2 FY26
Slide 19: FY26 Focus Areas
FY26 Focus Areas rsonal use only Targeting underlying run- Product evolution Improved Marketing and rate operating cashflow growing sales → Increase value to end customers with breakeven in FY26* an exciting product direction for 2026 → Broaden our compliance range of products to further expand mark
Slide 20: Questions & Answers
rsonal use only Quarterly Activities Report and Appendix 4C Questions & Answers Q2 FY26
Slide 21: Appendix 4C
Rule 4.7B Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B For personal use only Name of entity DUBBER CORPORATION LIMITED ABN Quarter ended (“current quarter”) 64 089 145 424 31 December 2025 Consolidated statement of cash flows Current quarter Year to date $A’000 (6
Slide 22: Appendix 4C
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Consolidated statement of cash flows Current quarter Year to date $A’000 (6 months) $A’000 For personal use only 2.2 Proceeds from disposal of: (a) entities - - (b) businesses - - (c) property, plant and equipment - 254
Slide 23: Appendix 4C
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Consolidated statement of cash flows Current quarter Year to date $A’000 (6 months) $A’000 For personal use only 4.4 Net cash from / (used in) financing activities 611 (181) (item 3.10 above) 4.5 Effect of movement in e
Slide 24: Appendix 4C
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 7. Financing facilities Total facility Amount drawn at Note: the term “facility’ includes all forms of financing amount at quarter quarter end arrangements available to the entity. end $A’000 $A’000 Add notes as necessa
Slide 25: Appendix 4C
Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. For personal use only 2 This statement gives a true and fair view of th