Slide 1: FY26 Full Year Results
FY26 Full Year Results Financial year ended 30 June 2026 Jefrey Ong Founder and Chief Executive Officer Grant Wong Chief Financial Officer ASX: FRX · September 2026 flexiroam.com FlexiRoam Limited (ASX: FRX) · FY26 Full Year Results · September 2026
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer General Forward-Looking Statements This presentation has been prepared by FlexiRoam Limited (ASX: FRX) ("FlexiRoam" or the "Company") and was authorised This presentation contains certain "forward-looking statements". The words "expect", "anticipate", "estimate", "int
Slide 3: FlexiRoam at a Glance
FlexiRoam at a Glance A global connectivity platform that serves travellers directly, embeds data inside partner brands, and connects enterprise devices and staff Consumer travel (D2C) Brand partner (B2B2C) Enterprise (B2B) T R A V E L C O N N E C T I V I T Y S E G ME N T T R A V E L C O N N E C T I
Slide 4: FY26 Results
SECTION 1 FY26 Results FY26 Full Year Results · September 2026
Slide 5: FY26 Key Messages
FY26 Key Messages FY26 delivered a statutory profit, positive operating cash flow and a higher recurring revenue mix, funded without new capital First profitable, cash-generative year since listing 1 Statutory NPAT of $0.7m. Net operating cash flow of $2.7m, positive in each quarter. Underlying EBIT
Slide 6: FY26 Results Scorecard
FY26 Results Scorecard First full-year statutory profit and first full year of positive operating cash flow since listing, with cash more than doubled and no new capital Group results FY26 FY25 Change $10.2m $0.7m Statutory measures (audited) Revenue Statutory NPAT Revenue $10.2m $13.6m -25% Net pro
Slide 7: Profit and Cash Generation
Profit and Cash Generation A statutory profit and positive operating cash flow, delivered by a reset cost base and a higher-quality, recurring revenue mix Statutory NPAT (A$m) Net operating cash flow (A$m) Underlying EBITDA (A$m, non-IFRS)¹ First full-year statutory profit since listing First positi
Slide 8: Revenue Mix Shifted to Recurring: 56% of Revenue, Up From 39%
Revenue Mix Shifted to Recurring: 56% of Revenue, Up From 39% Recurring revenue rose to 56% of revenue (FY25: 39%) as focus shifted from transactional revenue to higher-quality recurring revenue Revenue by type (share of Group revenue)¹ Recurring revenue mix¹ by period FY25 $13.6m · FY26 $10.2m Full
Slide 9: Segment Performance
Segment Performance Within Travel Connectivity, recurring partner revenue grew while transactional consumer revenue was cut back; the 2026 B2B agreements were signed late in the year or after it and contribute from FY27 Segment revenue (A$m) Travel Connectivity $9.0m (FY25: $12.2m) · B2B Solutions $
Slide 10: Cost Base Reset, Operating Leverage Established
Cost Base Reset, Operating Leverage Established Operating expenses¹ fell 40% as unprofitable consumer channels were exited and AI and automation reduced manual handling Operating expenses by nature (A$m) Operating expenses¹: $13.0m to $7.7m, down 40% Marketing expenses -63% $1.7m to $0.6m: unprofita
Slide 11: Balance Sheet Strengthened
Balance Sheet Strengthened FY26 operating cash flow funded the increase in cash; no equity was raised and no new debt was drawn during the year Cash at 30 June (A$m) Net current assets at 30 June (A$m) Net assets at 30 June (A$m) +$1.9m in FY26 (+120%) First positive year-end position since 2017 No
Slide 12: Strategy and Outlook
SECTION 2 Strategy and Outlook FY26 Full Year Results · September 2026
Slide 13: From Reset to Execution: December 2024 to September 2026
From Reset to Execution: December 2024 to September 2026 21 months from the founder's return to a profitable, cash-generative FY26, with a broader base of signed agreements to deploy – most in the final months of FY26 or after year end FY26 and the reset that preceded it (to 30 June 2026) 7 Dec 2024
Slide 14: Mastercard Channel Expanded to 418 Banks and 1,270 Card Programs
Mastercard Channel Expanded to 418 Banks and 1,270 Card Programs At 30 June 2026 the embedded data benefit was offered through 418 banks and 1,270 card programs in 78 countries, up from 410 banks and 1,187 programs in February • How it works: participating issuers fund a data benefit for their cardh
Slide 15: Channel Partnerships and Current Status
Channel Partnerships and Current Status Channel model: integrate once with a partner that distributes to many brands; the partner funds the entitlement and FlexiRoam earns fees for making it available¹. Beyond Mastercard, the channel agreements were signed late in FY26 or after year end, so their co
Slide 16: B2B Connectivity Agreements Across Aviation and Payments
B2B Connectivity Agreements Across Aviation and Payments Four material enterprise agreements announced in 2026, all signed in the second half of FY26 or after year end. Each agreement is on a recurring- revenue model; contribution is expected to build progressively from FY27 as services deploy Austr
Slide 17: AI Platform: flexiroam.ai and Zero-Integration Deployment
AI Platform: flexiroam.ai and Zero-Integration Deployment A co-branded connectivity service in a chat: the partner shares a link and FlexiRoam handles provisioning, activation and support, cutting partner deployment from months to days Nothing to download Travellers find, buy, activate and get help
Slide 18: FY27 Priorities and Outlook
FY27 Priorities and Outlook Deploy and scale what has been signed, extend the model into further industries, keep investing in AI, and hold the financial discipline that produced this result Deploy and scale channel partnerships and signed direct deals Extend the model into further industries Conver
Slide 19: Appendices
Appendices FY26 Full Year Results · September 2026
Slide 20: Profit and Loss
Profit and Loss S T AT UT ORY P ROF IT AN D L OS S ( EXP EN S ES B Y N AT URE) RECON CIL IAT ION : N P AT T O UN DERL Y IN G EB IT DA¹ A#039;000 FY26 FY25 Change A#039;000 FY26 FY25 Revenue 10,173 13,577 -25% Net profit/(loss) after tax 658 (1,998) Finance income 26 9 n/m Add: income tax expense 1 4 Other
Slide 21: Segment Results
Segment Results S EG M EN T IN F ORM AT ION ( F Y 2 5 COM P ARAT IVES RE -P RES EN T ED ON T HE F Y 2 6 AL L OCAT ION B AS IS ) FY26 (year ended 30 June 2026) FY25 (year ended 30 June 2025) A#039;000 Travel Connectivity B2B Solutions Unallocated FY26 Total Travel Connectivity B2B Solutions Unallocated
Slide 22: Balance Sheet
Balance Sheet A#039;000 Jun-26 Jun-25 $ change % change Commentary Cash and cash equivalents 3,543 1,609 +1,934 +120% Funded by $2.7m of operating cash flow; no capital raised and no new debt drawn. Trade and other receivables 1,791 2,365 -574 -24% Trade and other receivables decreased by $0.6m, alongs
Slide 23: Cash Flow Statement
Cash Flow Statement A#039;000 FY26 FY25 Net operating cash flow by quarter (A#039;000, unaudited quarterly figures) Receipts from customers 10,401 11,828 Payments to suppliers and employees (7,685) (14,933) Quarter Receipts Operating cash flow Finance charges (24) (55) Q1 FY26 3,564 1,339 Interest receive
Slide 24: Half-Year Summary
Half-Year Summary Half-year view of FY26: operating cash flow was positive in both halves and in every quarter while consumer travel softened in the second half HAL F -Y EAR S UM M ARY ( A$ M ) A$m H1 FY25 H2 FY25 FY25 H1 FY26 H2 FY26¹ FY26 Revenue 7.6 6.0 13.6 5.9 4.2 10.2 Underlying EBITDA² (1.0)
Slide 25: Appendix: Partnerships Announced in FY26 and Since Year End
Appendix: Partnerships Announced in FY26 and Since Year End Announced Counterparty Use case Term Commercial model FY26 (to 30 June 2026) Travel insurance: connectivity for eligible policyholders via the AI One-year initial term, renewable by mutual 22 Dec 2025 Generali Insurance Malaysia Berhad Fee
Slide 26: Definitions
Definitions Term Definition Underlying EBITDA Statutory profit or loss after income tax, adjusted to remove income tax expense, depreciation and amortisation, finance expenses, interest income, share-based payment expense, net foreign exchange gains and losses, and assets written off. A non-IFRS mea
Slide 27: Global connectivity. One platform.
Global connectivity. One platform. Corporate and investor enquiries Registered office ASX code Jefrey Ong, CEO and Executive Director FlexiRoam Limited, c/- Boardwise Corporate Pty Ltd FRX investor@flexiroam.com Level 2 East, 300 Murray Street, Perth WA 6000 www.flexiroam.com ASX: FRX · FY26 FULL YE