Slide 1: H1 FY26 Half Year Results
H1 FY26 Half Year Results 6 months ended December 2025 ASX: FRX
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer General Forward-Looking Statements This presentation has been prepared by FlexiRoam Limited (ASX:FRX) ("FlexiRoam" or the "Company") on, future earnings and financial position and performance are also forward-looking statements. and approved by the Board of Directors on
Slide 3: Financial Results
SECTION 1 Financial Results
Slide 4: H1 FY26 at a Glance
H1 FY26 at a Glance $2.0m $4.3m 72.7% Underlying EBITDA1 (Record) Gross Profit Gross Margin +$3.0m vs pcp +6.4% vs pcp +19.2pp vs pcp $1.9m $3.2m -52.9% Operating Cash Flow Cash Balance Underlying Opex1 Reduction +$2.7m vs pcp +97% vs Jun-25 $5.1m → $2.4m Operational reset complete: FlexiRoam is now
Slide 5: Profitable + Cash Flow Positive
Profitable + Cash Flow Positive Underlying EBITDA +$3.0m to $2.0m1,2 Underlying Opex -52.9% to $2.4m1,2 Operating Cash Flow +$2.7m to $1.9m1 Turnaround to profitability Turnaround to cash flow positive Record High $2.0m $5.1m $1.9m $1.6m 3 $2.4m $2.4m -$0.9m -$1.0m -$2.2m H1 FY25 H2 FY25 H1 FY26 H1
Slide 6: Gross Margin Expansion + Higher Recurring Mix
Gross Margin Expansion + Higher Recurring Mix Gross profit +6.4% to $4.3m1 Gross margin +19.2pp to 72.7%1 Recurring mix +11.4pp to 48.0%1,2 Exit from low margin revenue $7.6m 72.7% 66.5% 48.0% $6.0m $5.9m 43.1% 53.5% 36.6% $4.3m $4.1m $4.0m H1 FY25 H2 FY25 H1 FY26 H1 FY25 H2 FY25 H1 FY26 H1 FY25 H2
Slide 7: Balance Sheet Strengthened – Liquidity + Cash Up
Balance Sheet Strengthened – Liquidity + Cash Up Net current assets +$6.5m to $0.3m1 Net Assets +$5.7m to $4.2m1 Cash Balance +$2.0m to $3.2m1 Working capital back to positive Equity base rebuilt $0.3m $3.2m $4.2m $2.5m -$1.3m $1.6m $1.2m -$6.2m -$1.5m Dec-24 Jun-25 Dec-25 Dec-24 Jun-25 Dec-25 Dec-2
Slide 8: Higher Quality Revenue
Higher Quality Revenue Revenue by Segment Revenue by Type Travel segment consistently dominates Recurring mix trending toward majority 9.3% 11.6% 10.1% 56.9% 52.0% 63.4% 90.7% 88.4% 89.9% 43.1% 48.0% 36.6% H1 FY25 H2 FY25 H1 FY26 H1 FY25 H2 FY25 H1 FY26 Travel B2B Recurring Transactional Revenue Qua
Slide 9: Growth Strategy + Outlook
SECTION 2 Growth Strategy + Outlook
Slide 10: 13 Month Transformation: Operational Reset to AI Acceleration
13 Month Transformation: Operational Reset to AI Acceleration Phase 1: The Reset Phase 2: The Acceleration Leadership Profitability AI Platform IoT Payments Reset Achieved Launch Partner Secured Founder Jefrey Ong Turnaround to Launches World’s Secures Dialog for appointed CEO1 profitability (H2 FY2
Slide 11: Consumer: Chat-based eSIM Experience, No App Downloads
Consumer: Chat-based eSIM Experience, No App Downloads AI eSIM Agent for Consumers Launched Dec 2025 FlexiRoam’s AI agent lets travellers discover, purchase, activate and manage eSIM connectivity inside a chat. No App Download Required Works entirely within WhatsApp—an app travellers already have. A
Slide 12: Enterprise: Branded eSIMs with Zero-integration Deployment
Enterprise: Branded eSIMs with Zero-integration Deployment AI eSIM Agent for Brands Zero Integration Zero-Integration Launch Partners share a WhatsApp link. FlexiRoam handles provisioning + support Go Live in Days1 No app updates. No SDK. No store release cycles. Branded Customer Experience Customer
Slide 13: AI eSIM Agent: User Adoption and Customer Service Impact
AI eSIM Agent: User Adoption and Customer Service Impact Cumulative Users Since Launch Automated Customer Service Impact Launched 17 December 2025 • Validates AI-first distribution approach1 Pre-AI (Nov 2025) vs. Post-AI (Jan 2026)2 15,305 users 31% Fewer Human Tickets 15 min Faster Resolution 17 De
Slide 14: AI eSIM Agent: Positioned at the Intersection of Two Megatrends
AI eSIM Agent: Positioned at the Intersection of Two Megatrends GLOBAL ESIM FlexiRoam AGENTIC EXPLOSION AI Agent COMMERCE 76% of smartphones Infrastructure $385B e-commerce connections by 20301 Layer paradigm shift by 20302 1. GSMA Intelligence, 'eSIM: State of the Consumer Market and Adoption'. For
Slide 15: Market Size for Brand Partnerships + Travel eSIM Market
Market Size for Brand Partnerships + Travel eSIM Market All figures on this slide are in USD Direct-to-Consumer Brand Partnerships $10B Travel eSIM Retail Spending $65B Budget Pool (Acquisition + Rewards) $65.3B OTA sales & marketing spend $17.8B (Booking, Expedia, Airbnb, Trip.com)2 $10B Forecast v
Slide 16: AI-Native Platform: Driving Growth, Margins & Efficiency
AI-Native Platform: Driving Growth, Margins & Efficiency Distribution Underwriting Automation AI eSIM Agent AI Pricing Model AI Automation • Zero-integration partner launch: shareable link; • Proprietary data: 15+ years operation and 5+ • Agentic support (not a bot): Autonomous end- no SDK, no app u
Slide 17: Enterprise Momentum
Enterprise Momentum Recent Enterprise Wins Mastercard Partnership Since AI eSIM Agent launch (17 Dec 2025)1 Longstanding partnership across banks, countries and card programs4 22 Dec 2025 - Generali Partnership: Deployed AI eSIM Agent as a value-added travel benefit for policyholders of one of the w
Slide 18: Outlook: Disciplined Growth from Financial Strength
Outlook: Disciplined Growth from Financial Strength Scale Brand + Enterprise Partnerships Grow Profitably Primary Growth Driver Financial Discipline Use zero-integration distribution to expand existing partners and win Pursue revenue growth while maintaining positive Underlying EBITDA1 new programs
Slide 19: Appendix
Section 3 Appendix
Slide 20: Profit & Loss
Profit & Loss STATUTORY PROFIT & LOSS RECONCILATION: NPAT TO UNDERLYING EBITDA AUD $’000 H1 FY26 H1 FY25 Change AUD $’000 H1 FY26 H1 FY25 Change Revenue 5,939 7,581 -21.7% NPAT 1,424 (2,123) +$3.5m Cost of sales (1,624) (3,525) -53.9% Add: Tax expense 2 0 n/a Gross Profit 4,315 4,056 +6.4% Add: Fina
Slide 21: Balance Sheet
Balance Sheet AUD $’000 Dec-25 Jun-25 $ Change % Change Commentary Cash & cash equivalents 3,174 1,609 +1,565 +97% Record $1.9m operating cash flow and strong conversion. Trade & other receivables 1,913 2,365 -452 -19% Tighter collections and working capital discipline. Intangible assets (inc. devel
Slide 22: Cash Flow Statement
Cash Flow Statement AUD $’000 H1 FY26 H1 FY25 Receipts from customers 5,557 7,107 Payments to suppliers & employees (3,678) (7,958) Finance charges (12) (26) Interest received 8 1 Tax (paid)/refund (4) 24 Net cash from/(used in) operating activities 1,871 (852) Payments for PP&E - (2) Payments for i
Slide 23: Definitions
Definitions Term Definition Recurring mix Recurring Revenue ÷ total revenue for the period, expressed as a percentage. Recurring Revenue Revenue expected to repeat under ongoing customer or partner arrangements, including contracted fixed fees and contracted usage-based fees, excluding one-off items
Slide 24: FlexiRoam Limited Investor Relations Website
FlexiRoam Limited Investor Relations Website ASX Code investor@flexiroam.com www.flexiroam.com FRX