Slide 1: FY25 Financial Results
FY25 FINANCIAL RESULTS 25 AUGUST 2025
Slide 2: Agenda
AGENDA KEY MESSAGES & METRICS FINANCIAL RESULTS NUIX NEO AND STRATEGY UPDATE OUTLOOK 2
Slide 3: 1. Key Messages & Metrics
1. KEY MESSAGES & METRICS JONATHAN RUBINSZTEIN CHIEF EXECUTIVE OFFICER
Slide 4: Nuix at a Glance
NUIX AT A GLANCE $228.4m Nuix creates intelligent OUR PLATFORM – centred around our world software to enable our leading data processing engine, amplified with AI and simplified with enterprise automation customers to identify risk, ANNUALISED evidence and value in large OUR CUSTOMERS – leading glob
Slide 5: FY25 Key Messages
FY25 KEY MESSAGES 1. ACV up 8% for FY25 2. Strong growth in Nuix Neo ACV, up 132% 3. Solid growth in Cash EBITDA, up 24.5% 4. Underlying and overall cash flow positive 5. Delivery of FY25 product roadmap and technology organisational restructure 5
Slide 6: FY25 Key Financial Metrics
FY25 KEY FINANCIAL METRICS Annualised Contract Value (ACV)1 Revenue Net Dollar Retention $228.4m $221.5m 107.4% Up 8.0% on FY24 Up 0.4% on FY24 Down 5.5pp on FY24 Cash EBITDA Statutory EBITDA Net Cash $37.2m $47.6m $40.0m Up 24.5% on FY24 Down 14.8% on FY24 Up 5.1% on FY24 Notes: 1. Refer Glossary f
Slide 7: 2. Financial Results
2. FINANCIAL RESULTS PETER MCCLELLAND CHIEF FINANCIAL OFFICER
Slide 8: Annualised Contract Value (ACV)
ANNUALISED CONTRACT VALUE (ACV) Rise in ACV driven by Subscription ACV ACV ($m) FY25 ACV 228.4 211.5 10.7 7.2 $228.4m, up 8.0% as at 30/06/25 185.5 > Total ACV up 8.0% on pcp, up 6.9% in constant currency1 162.0 15.7 13.6 > Subscription ACV2, an indicator of recurring ACV, grew 10.1% on pcp, increas
Slide 9: ACV Growth Drivers
ACV GROWTH DRIVERS Nuix Neo driving growth 4.1 228.4 15.9 128.4 -3.5 211.5 111.5 0.4 > Nuix Neo the key driver of growth, increasing by $15.9m (+132%), to a total of $28.1m Component Growth: Nuix Neo Growth: New customers New Neo sales to existing > Component ACV flat year on year on limited net
Slide 10: Net Dollar Retention & Churn
NET DOLLAR RETENTION & CHURN Complexity and size of transactions impacted NDR and Churn 115 Net Dollar Retention (%) 112.9 20 > NDR reflects the lift in ACV achieved from Nuix’s existing customer base 110.1 18 over a 12-month period 109.2 109.6 110 > Net Dollar Retention (NDR) of 107.4%, down on low
Slide 11: Regional ACV
REGIONAL ACV Growth across all regions APAC 21% of Group ACV North Asia $123.2m America $57.8m EMEA $47.4m Pacific ACV up 8.0% ACV up 8.4% ACV up 7.5% North America EMEA 54% of 25% of Group ACV Group ACV North America EMEA Asia Pacific > North America ACV up 8.0% on pcp, up 7.5% in constant > EMEA A
Slide 12: Revenue
REVENUE Flat revenue on reduction in multi-year deals Statutory Revenue ($m) FY25 REVENUE $221.5m, up 0.4% > Revenue up 0.4% on pcp, down 0.9% in constant currency1, impacted by fall in multi-year deals compared to prior period. 220.6 221.5 182.5 152.3 > In FY25, multi-year deals represented 27% of
Slide 13: Research & Development
RESEARCH & DEVELOPMENT Signficant shift in capitalised vs expensed components Total R&D Spend ($m) FY25 RESEARCH & DEVELOPMENT 80.0 38% 33% 24% 25% 40% $54.8m, up 3.5% 70.0 60.0 20% > Total Research & Development spend up 3.5%, to $54.8m 58.3 60.0 53.0 54.8 0% > Capitalised component of R&D 41%, sig
Slide 14: Cash EBITDA
CASH EBITDA Cash EBITDA lift and margin expansion FY25 CASH EBITDA Cash EBITDA ($m) and Cash EBITDA margin (%) $37.2m, up 24.5% 50.0 16.8% 20.0% > Cash EBITDA incorporates the full Research & Development investment 13.6% 15.0% spend, including capitalised component, but excludes net non- operational
Slide 15: EBITDA
EBITDA Revenue flat on fall in multi-year deals to 27%, from 31% in prior year Cash EBITDA up 24.5% on cost discipline and lower variable pay Net non-operational legal costs higher than prior period One-off restructuring costs also impacted Statutory EBITDA Cash EBITDA +24.5% on pcp 22.7 60.0 47.6 -
Slide 16: Income Statement
$ millions FY25 FY24 Change5 Software Revenue 208.7 212.4 -1.7% Other Revenue Total Revenue 12.8 221.5 8.2 220.6 55.3% 0.4% INCOME STATEMENT Cost of Goods Sold -21.8 -21.6 -0.8% Cash EBITDA up 24.5%, driven by lower costs Gross Profit 199.7 199.0 0.4% > Total Revenue flat year on year, on lower mult
Slide 17: Free Cash Flow
FREE CASH FLOW • Positive underlying and overall cash Underlying and overall cash flow positive flow 208.7 • As in prior years, software development costs funded from free cash flow • Underlying cash flow lower than prior Underlying year driven by higher payments to Cash Flow Overall $20.1m vs Free
Slide 18: 3. Nuix Neo and Strategy Update
3. NUIX NEO AND STRATEGY UPDATE JONATHAN RUBINSZTEIN CHIEF EXECUTIVE OFFICER
Slide 19: Faster Easier Smarter
Nuix Neo is an AI-enriched FASTER EASIER SMARTER single platform that helps DO MORE, SAVE TIME REDUCE FRICTION AI ENRICHED SOLUTIONS customers identify, process On-demand scalability and End-to-end, web-based, Leverages diverse best-fit and understand complex data, significant efficiency automated,
Slide 20: Nuix Neo ACV
NUIX NEO ACV Further rollout growth FY25 NUIX NEO ACV Nuix Neo ACV ($m) $28.1m, up +132% on FY24 > Expanded to 75 customers by end FY25, from 23 at end FY24 > Growth driven by new Nuix Neo sales to existing customers, Nuix Neo sales to new customers and Nuix Advantage (ongoing support) sales 28.1 >
Slide 21: Executing to Strategy
EXECUTING TO STRATEGY Targeting larger contracts > A key element of the Nuix Neo platform strategy involved developing a suite of solutions that can further Significant change in customer size since FY22 leverage Nuix’s technology advantage and be deployed to larger customers that can take full adva
Slide 22: Delivering on Technology Roadmap
DELIVERING ON TECHNOLOGY ROADMAP Significant product releases during 2H, in line with roadmap V10 Nuix Neo Discover SaaS Upgrades to Engine, Workstation and Investigate Cognitive AI Capabilities Semantic Search Expanded Solution Capabilities Updated Dashboards, Further AI models including From Keywo
Slide 23: Technology Restructure Complete
TECHNOLOGY RESTRUCTURE COMPLETE Aligning Product and Technology teams to a solutions-based model Restructure completed and operational model now in place Core Technology locations: • Sydney, Australia Core technology locations consolidated • Washington DC, USA Reinvestment into additional role
Slide 24: 4. Outlook
4. OUTLOOK JONATHAN RUBINSZTEIN CHIEF EXECUTIVE OFFICER
Slide 25: Outlook
OUTLOOK CORE FOCUS AREAS FY26: 1. Continue to deliver on business transformation strategy: a) Customer: Continued focus on higher-value contracts b) Product: Further develop Nuix Neo capabilities 2. ACV growth driven by Nuix Neo 3. Revenue growth to exceed operating cost growth 4. Underlying cash fl
Slide 26: Q&A
Q&A 26
Slide 27: Appendix
APPENDIX Snux
Slide 28: Balance Sheet
$ millions, as at 30 Jun 25 30 Jun 24 ASSETS Cash and cash equivalents Trade and other receivables 40.0 59.7 38.0 35.2 BALANCE SHEET Contract assets 50.9 53.3 > Cash Balance $40.0m Other current assets 11.4 10.5 2.3 2.3 > Trade and Other Receivables higher on large number of deals closed in June 202
Slide 29: Nuix Neo
NUIX NEO Expanded platform capabilities during FY25, including Legal and Deep Learning Framework capabilities COLLECT PROCESS REVIEW ACTION Identify & Collect Ingest, Process Review & Analyse Report, Protect, with AI Enrichment Delete & Export • FOI Response • Data Breach Notification DATA PRIVACY •
Slide 30: Customer Base
CUSTOMER BASE Long tenured, well-diversified customer base ACV by Customer Customer • Over 80% of ACV generated Industry Group Concentration Tenure outside Australia 13% 16% • No customer represents more 31% 35% 33% than 3% of ACV 38% 23% • 37% of ACV derived from customers with a tenure over 46% 34
Slide 31: ACV by Licence Type
ACV BY LICENCE TYPE Further lift in Consumption driven by Nuix Neo ACV by Licence Type 228.4 3% 0% 4% 1% 13% 13% > Consumption licences continue to grow as a proportion of total 6% 3% ACV, driven by Nuix Neo in particular, in line with strategy 6% 14% 28% 2% 23% 14% > Perpetual sales negligible in l
Slide 32: ACV Mix and Licence Types
ACV MIX AND LICENCE TYPES Subscription ACV Other ACV ACV Type (3% FY25 Total ACV) (97% FY25 Total ACV) > Subscription ACV is recurring in nature Hardware/ and includes Module, Consumption Perpetual Services Software Licence Module Consumption Perp Maintenance Licences (Non- and the maintenance on Pe
Slide 33: Licence Type Implications on Revenue Recognition
LICENCE TYPE IMPLICATIONS ON REVENUE RECOGNITION 1 year licence example 3 year MYD licence example Delivery model Licence type Impact in month 1 Impact in month 1 3.6 • $1.2m on-premise module licence – 1 year Subscription or Consumption licence 1.2 1.2 1.2 • $3.6m on-premise module licence – 3 year
Slide 34: Statutory Revenue Components
STATUTORY REVENUE COMPONENTS Software Licence Type Regional Revenue Revenue Revenue $221.5m $221.5m $221.5m > Statutory revenue includes the majority of multi-year deal 6% 6% revenue up front, while ACV smooths multi-year deal contracts 0% 23% across relevant years 25% > Software revenue represented
Slide 35: Glossary
GLOSSARY 1) Annualised Contract Value (ACV) is an adjusted, non-IFRS measure and does not represent Total Revenue in accordance with AAS or Nuix’s accounting policies or cash receipts from customers. ACV is used by Nuix to assess the total contract value of its software contracts on an annualised ba
Slide 36: Constant Currency
CONSTANT CURRENCY Constant Currency has been calculated using the below methodology: 1. Constant currency rates are calculated by dividing the total FY24 consolidated AUD revenue associated with a currency by the total FY24 transaction currency revenue of the same currency, providing a weighted aver
Slide 37: Disclaimer
DISCLAIMER The material contained in this document is a presentation of general information about Nuix Limited’s activities current as at the date of this presentation (25 August 2025). It is provided in summary and does not purport to be complete. This information has been prepared by Nuix Limited