Slide 1: Earnings Calls Q4/FY 2025
* PHOENIX By AnlHC®' Portfolio Company EARNINGS CALLS Q4/FY’ 2025
Slide 2: Table of Content
Business Performance 05 Wrapping up 2025 07 Operational Metrics 08 Key Highlights 09 Balance Sheet Review 10 PnL Review 11 Optimization Initiatives 12 Table of Cost Optimization 13 Content Strategic Direction 14
Slide 3: Disclaimer
DISCLAIMER The information contained in this presentation is for background purposes only and does not purport to relating to Phoenix Group associated companies, whether written, oral or in a visual or electronic form, be full or complete. No reliance may or should be placed by any person for any pu
Slide 4: Group CEO and Group CFO
Mr. Munaf Ali Mr. Sheharyar Malhi Board Member, Co-founder & Group CEO Group CFO Earnings call - Q4/FY’2025
Slide 5: Business Performance - Q4/FY'25
BUSINESS PERFORMANCE - Q4/FY'25 Phoenix Group delivered a significant improvement in operating profitability, reporting a 285% YoY increase in adjusted EBITDA to $3.4M for the full year 2025. This performance reflects the Group’s strategic shift towards self-mining operations and a sustained focus o
Slide 6: Business Performance - Q4/FY'25
BUSINESS PERFORMANCE - Q4/FY'25 Phoenix mined 351.7 BTC in Q4’25, up from 305.5 BTC in Q3’25, including 230.9 BTC from self-mining, driven by higher utilization and expanded capacity. During the quarter, the Group sold 300 BTC alongside 158,750 SOL to fund expansion initiatives and support its AI st
Slide 7: Wrapping Up 2025
WRAPPING UP 2025 Self-mining business has remained the company's main priority with the expansion of mining operations in Ethiopia, reaching a total capacity of 132 MW, further strengthening Phoenix Group’s presence in Africa. Launch of mining operations in North Dakota and Texas, USA, with an opera
Slide 8: Operational Metrics - Q4/FY'25
OPERATIONAL METRICS - Q4/FY'25 * Earnings call - Q4/FY'25 08 Sources: PHOENIX GROUP PLC Internal Data Matrices; 1 Total BTC mined inclusive of hosting business for clients and Citadel; 2 Blended cost; *Phoenix Share in the Joint Venture investment
Slide 9: Key Highlights - Q4/FY'25
KEY HIGHLIGHTS - Q4/FY'25 Earnings call - Q4/FY'25 09 Sources: PHOENIX GROUP PLC Internal Data Matrices.
Slide 10: Balance Sheet Review - Q4/FY'25
BALANCE SHEET REVIEW - Q4/FY'25 TOTAL ASSETS TOTAL EQUITY TOTAL DIGITAL ASSETS (USD MN) (USD MN) (USD MN) -29% -29% -39% 962 892 442 684 634 267 DEC:24 DEC:25 DEC:24 DEC:25 DEC:24 DEC:25 Total assets declined 29% YoY to $684M, reflecting portfolio adjustments and balance sheet optimization including
Slide 11: PnL Review - Q4/FY'25
PNL REVIEW - Q4/FY'25 COMPREHENSIVE INCOME TOTAL REVENUE ADJUSTED EBITIDA (USD MN) (USD MN) (USD MN) -225% -43% 285% 206 219 118 3.4 -273 -1.8 DEC:24 DEC:25 DEC:24 DEC:24 DEC:25 DEC:25 Comprehensive income declined to negative $273M in FY’25, reflecting fair value movements and non cash adjustments
Slide 12: Optimization Initiatives Paying Off
OPTIMIZATION INITIATIVES PAYING OFF SELF MINING GROSS MARGIN MINING EFFICIENCY (J/TH) AVG POWER PRICE ($/KWH) 32.0 50% 32 0.06 0.060 0.057 45.8% 29.9 0.056 0.052 0.052 30 0.05 40% 41.6% 0.049 28 0.04 30% 30.0% 31.2% 26.9 25.9 26 0.03 23.7% 20% 24 0.02 10% 21.9 22 20.6 0.01 5.3% 0% 20 0.00 Q3, 2024 Q
Slide 13: Continued Focus on Cost Optimization
CONTINUED FOCUS ON COST OPTIMIZATION Efficiency continues to drive Cost per PH/day lower, strengthening the company’s position and supporting long-term value creation $ Cost per PH/day 60 50 40 30 49.6 43.1 43.1 42.4 43.5 20 40.0 40.9 40.2 35.8 28.2 27.0 23.6 10 Q1 -2023 Q2 -2023 Q3 -2023 Q4 -2023 Q
Slide 14: Strategic Direction 2026 & Beyond
STRATEGIC DIRECTION 2026 & beyond Increasing Global Mining Footprint Advancing global expansion with new sites across the U.S. and priority markets, expanding operational capacity Optimizing Existing Infrastructure Continue to optimize existing sites and minimise geographic or regulatory risks. “PHO
Slide 15: Investor Relations
Investor relations Ir@phoenixgroupuae.com Abu Dhabi, United Arab Emirates 3612, 34 Floor, Al Maqam Tower, Regus Adam +971 4 323 9120 Square, Al Maryah Island, Abu Dhabi, UAE Dubai, United Arab Emirates @phoenixgroupuae @phoenixgroupuae Office 2901, Floor 29, Boulevard Plaza Tower 2, Burj +971 4 323