Ton Strategy Company · NASDAQ:TONX
Ton Strategy — Q2 2026 Earnings Presentation
10 slides from Ton Strategy's earnings presentation, Aug 11, 2026
Slide 1: TON Strategy Co. Second Quarter 2026 Earnings Presentation
August 11, 2026 TON Strategy Co. Second Quarter 2026 Earnings Presentation NASDAQ: TONX
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or impl
Slide 3: Q2 Operational Overview
Q2 Operational Overview Gram treasury productivity increased as the Company simplified operations around the TON ecosystem Treasury productivity at scale High-margin contribution Cost base reset 230.5M $15.0M ~$4.0M Gram held at 6/30/26 Q2 staking revenue Annual inherited cash costs expected to be r
Slide 4: Gram Rebrand and Ecosystem Direction
Gram Rebrand and Ecosystem Direction The Gram currency name was restored as four TON priorities advanced during Q2 Public TON improvement roadmap advancements to date: Gram name restored June 2026 1 Increase network speed Catchain 2.0 deployed in April, reducing block times to ~400 ms Toncoin → Gram
Slide 5: TON Network Upgrades
TON Network Upgrades Recent upgrades improved the speed, cost, and infrastructure needed for frequent activity Early April Late April June Catchain 2.0 Fee reduction Validator and application infrastructure • ~2.5s → ~400ms block time • ~6x lower transaction fees • Network traffic reduced ~2x–4x • ~
Slide 6: Q2 Financial Summary
Q2 Financial Summary Higher staking rewards drove substantial growth and positive operating income Quarter-over-quarter performance ($M) $15.0M $14.3M 94.9% $10.9M Gross margin in Q2 Operating expenses $5.3M $4.0M $3.3M $29.0M operating income from Cash and restricted cash continuing operations No d
Slide 7: Staking Update
Staking Update Quarterly rewards show Q2 step-up following the April network upgrades Gram rewards earned (M) Q2 Staking Performance April upgrade step-change 9.4M 17% Annualized gross Q2 Gram earned in Q2 staking yield 9.4M 13.8M $22.0M Cumulative Gram earned Cumulative staking since Aug. 2025 reve
Slide 8: Capital Allocation Framework
Capital Allocation Framework Own, Advance, Compound – a long-term, per-share value model Own Advance Compound • Maintain a strategically • Invest, acquire, or partner with • Compare every use of capital on significant Gram position selective businesses and the same per-share basis infrastructure to
Slide 9: The Intelligent Internet Opportunity
The Intelligent Internet Opportunity TONX provides public-market exposure to internet protocols supporting digital commerce, applications, and increasingly automated activity The internet made information native to the Web. TON makes assets and economic activity native to the Internet. Potential App
Slide 10: Q&A
Q&A 2