Firstwave Cloud Technology Ltd. · ASX:FCT
Firstwave Cloud Technology — Q2 FY26 Earnings Presentation
18 slides from Firstwave Cloud Technology's earnings presentation, Feb 6, 2026
Slide 1: Q2 FY26 Shareholder Update
Q2 FY26 Shareholder Update 6 February 2026
Slide 2: Today's Presenters
Today’s Presenters ROGER BUCKERIDGE DANNY MAHER SHARON HUNNEYBELL Chair M a n a g i n g Di r e c t o r VP o f P r o d u c t s 2
Slide 3: Agenda
Agenda 1. Introduction – Roger Buckeridge 2. CEO Update and Financials – Danny Maher 3. AI and Open-AudIT Update – Sharon Hunneybell 4. Outlook and Q&A
Slide 4: CEO Update
CEO Update Danny Maher – Managing Director and CEO 4
Slide 5: Business Update
Business Update • Q2 was focussed on: • a restructure; • a capital raise; and • a pivot of the company to AI powered compliance management (with a primary goal of monetising the significant base of organisations using FirstWave’s free Open-AudIT product). 5
Slide 6: Summary
Summary • Key renewals of NASA, Claro DR and Telmex with increased revenues • Further restructuring to align resources with current revenues and growth opportunities ($1.8M per annum in savings) • Release of the first version of Open-AudIT with AI-powered compliance management functions • Continued
Slide 7: Financial Performance - Revenue and Gross Profit
Financial Performance - Revenue and Gross Profit (A$m) Q1 FY26 Q2 FY26 △% ARR 6.21 6.31 +2% Revenue 2.03 1.77 -13% Gross Profit 1.92 1.68 -12% Gross Profit Margin 95% 95% +0ppt • ARR increase of 2% • Reduction in revenue in Q2 relates to once-off perpetual software license sale of $0.38m in Q1 • Red
Slide 8: Financial Highlights
Financial Highlights • Q2 cash usage was in line with expectations. • Q3 will be cash positive. • The Company’s cash is cyclical and Q2 is a down cycle which is normal. • R&D rebate (intentionally) occurring in Q3 rather than Q2 plus costs associated with restructuring are the primary difference wit
Slide 9: Product Update
Product Update Sharon Hunneybell– VP Products
Slide 10: CSIRO collaboration & AI-driven product expansion
CSIRO collaboration & AI-driven product expansion Strategic and Commercial Relevance • Boosts our strategic focus/pivot toward AI-driven compliance automation. • Provides leading AI expertise and other resources which would not otherwise be available to FirstWave . • Open-AudIT customers extend into
Slide 11: Open-AudIT Launch
Open-AudIT 6 Launch Launched in phases across November and December 2025. Licensing Model • Introduction of a new free commercial licensing tier alongside (paid) Professional and Enterprise. • Fully integrated platform experience with feature restrictions to prompt upgrades. • Designed to move users
Slide 12: Total Active Website Users
Global engagement following Open-AudIT 6 launch 30000 • open-audit.com activity grew from 194 pre-launch users to over 20,000 users within two months. 25000 Total Active Website Users • Engagement across the website increased confirming 20000 genuine market response. 15000 • Existing ecosystem traff
Slide 13: Activity Post-Launch
Activity Post-Launch • 5,991 downloads Dec 1 – Jan 30 (note: holiday periods are lower than average). • Commercial trials amongst the free user base has exceeded expectations: 6.09% of users downloading the software commence a commercial trial. • Strongest uptake of commercial trials are in our targ
Slide 14: Next Phase: Conversion, capability and growth
Next Phase: Conversion, capability and growth Commercial execution • Continued increase in targeted marketing activity and marketing automation. • Focus on pipeline development, licence adoption and new enterprise contracts. Product development • Ongoing delivery of compliance capability within Open
Slide 15: Outlook
Outlook
Slide 16: Outlook
Outlook The Company is pursuing its path of AI powered compliance management Open-AudIT v6 release is going well and we continue to adapt and push the metrics The Company has sufficient funds to pursue its goals for the foreseeable future. An EGM is to be held to approve the share options to be issu
Slide 17: Q&A
Q&A
Slide 18: Thank you
Thank you
FirstWave Cloud Technology — Q2 FY26 Earnings Presentation on 6ix