Slide 1: HY26 Results
For personal use only HY26 RESULTS
Slide 2: Agenda
AGENDA For personal use only 3 CEO Address 10 Financial Highlights 16 Appendix CookSpace, North Strathfield NSW WOTSO - December 2025 2
Slide 3: CEO Address
For personal use only CEO ADDRESS CEO ADDRESS Varsity Lakes, QLD WOTSO - December 2025 3
Slide 4: WOTSO Portfolio
WOTSO PORTFOLIO WOTSO PORTFOLIO HY22 Portfolio 19 HY26 Portfolio 35 LOCATIONS QLD 6 LOCATIONS For personal use only Toowoomba QLD 4 Sunshine Coast Sunshine Coast Fortitude Valley Chermside Varsity Lakes Fortitude Valley Robina Chermside Varsity Lakes NSW 20 10 Newcastle NSW Brookvale Cremorne Newcas
Slide 5: Engine - The Operating Business: Maturity Segments and Margin Profiles
WOTSO PORTFOLIO ENGINE 1 - THE OPERATING BUSINESS Total WOTSO Maturity Segments and Margin Profiles Mature Developing Start-Up WOTSO Performance Flexspace Mature Locations generated a positive Contribution Margin of 13% overall, and 17% $’000 $’000 $’000 $’000 excluding North Strathfield. For person
Slide 6: Engine - The Operating Business: Location Fitout Cost per sqm
ENGINE 1 - THE OPERATING BUSINESS WOTSO Location Fitout Cost/sqm Landlords Partner In Fitouts Opening of locations in Sydney CBD, Whangārei, Te Tōangaroa and Rhodes For personal use only increased number of Start-Up Locations to 9, and increased desk inventory to over 8,000. Net CAPEX spend down fro
Slide 7: Ancillary Revenue
WOTSO PORTFOLIO ENGINE 1 - THE OPERATING BUSINESS Ancillary Revenue Ancillary revenue streams such as meeting rooms, parking, virtual office For personal use only and other services up 31% to $2.8m. Ancillary RevPAD up 22% to $59/desk, representing 16.4% of total Flexspace sales (up from 13.5% in De
Slide 8: Engine - The Property Portfolio: Property Portfolio Yields
ENGINE 2 - THE PROPERTY PORTFOLIO Property Portfolio Yields Yield WOTSO occupies 38% of total portfolio NLA under turnover-based For personal use only Mandurah 13.50% leases (45% of location revenue). Yandina 9.40% Income profile designed to grow as locations mature and revenue Villawood 7.50% scale
Slide 9: Outlook
OUTLOOK Continued momentum across both engines, with network expansion and stabilising overheads supporting increasing operating efficiency. For personal use only Disciplined growth supported by landlord participation and a more capital efficient delivery model. New locations progressing through ram
Slide 10: Financial Highlights
For personal use only FINANCIAL HIGHLIGHTS Takapuna, NZ WOTSO - December 2025 10
Slide 11: HY26 Highlights
HY26 HIGHLIGHTS $5.4 $24.6 $363 For personal use only m m Underlying EBITDA Total Revenue Annual RevPAD (Total Flexspace Revenue $16.9m) (Same-Location Annual RevPAD $375) 6% 3% 0% 97% 1.35 cps 35 Total Property Portfolio Occupancy Final Distribution Number of Open Locations (Average Flexspace Occup
Slide 12: Financial Performance
FINANCIAL PERFORMANCE Continued Revenue Growth Paired with Cost Containment For personal use only Underlying EBITDA increase driven by growth in Developing Locations and reduction in costs of Mature Locations and overheads. Underlying EBITDA up 6% to $5.4m. Developing Locations have improved Contrib
Slide 13: Financial Position
FINANCIAL POSITION Strong Balance Sheet Absorbing Revaluation Pressures For personal use only Successful sales campaign of Yandina sees option exercised with settlement in February 2026 delivering boost of $16.5m in cash on hand subsequent to December 2025. Property holdings down 1% off the back of
Slide 14: Capital Management
CAPITAL MANAGEMENT Sustainably Funding Growth Minor increase in borrowings of $93,000 following advance on Group Debt Levels For personal use only undrawn facilities to fund improvement of owned assets in NZ. $350,000 of undrawn facilities remaining available. $1.5m of previously drawn debt funding
Slide 15: Q&A
For personal use only Q&A Melbourne, VIC WOTSO - December 2025 15
Slide 16: Appendix
For personal use only APPENDIX Whangārei, NZ WOTSO - December 2025 16
Slide 17: Our Board
OUR BOARD Seph has worked in the commercial property industry in New Jessie is the CEO and COO of WOTSO. Prior to her Zealand, the USA and Australia. Seph has driven large scale appointment as CEO, Jessie was Joint Managing Director of property development and financial structuring for real estate b
Slide 18: Senior Management Team
SENIOR MANAGEMENT TEAM For personal use only Chris Williams Agata Ryan Clare Simmons CHIEF FINANCIAL HEAD OF LEGAL AND HEAD OF PEOPLE OFFICER COMPANY SECRETARY Chris joined WOTSO in 2022 initially as the Group Financial Agata joined WOTSO in 2023 as the Head of Legal and Clare is the Head of People
Slide 19: Glossary
GLOSSARY $m $ millions AASB Australian Accounting Standards Board For personal use only ASX Australian Securities Exchange Contribution Margin Underlying EBITDA before overhead costs and equity accounted gains Coworking a subset of Flexspace that includes both open-plan desks and offices cps cents p
Slide 20: End
For personal use only END Zetland, NSW WOTSO - December 2025 20