Slide 1: Q4 Fiscal 2025 Earnings Call
October 24, 2025 Q4 Fiscal 2025 Earnings Call TSX: XTRA || OTCQX: XTRAF || FSE: 0PL 1
Slide 2: Disclaimer
Disclaimer No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this presentation. This presentation contains supplementary financial measures. These measures do not have any standardized meanings prescribed under IFRS and therefore may not be
Slide 3: CEO's Business Update
Peter Evans CEO’s Business Update 3
Slide 4: Opening remarks: Key Highlights
Opening remarks Key Highlights • Total backlog at record level of near $50 million • Influx of new Xtract One Gateway orders • Larger, complex, longer-term agreements • Fourth Quarter & Annual revenue impacted by customer-driven delays on deployment • Record bookings and cash on hand strengthens our
Slide 5: Company Success and Outlook
TSX: XTRA || OTCQX: XTRAF || FRA: 0PL Company Success and Outlook Xtract One Gateway • Numerous wins totaling over $13M as of July 31, 2025, with more school wins recorded after year end • Schools, healthcare, and commercial enterprises fuel demand • RFP pipeline continues to be large and growing •
Slide 6: CFO's Financial Update
Karen Hersh CFO’s Financial Update 6
Slide 7: Revenue
Revenue Revenue, year-to-date, year over year @Subscription @ Upfront $15M $10M $5M SoM July 2024 July 2025 Quarterly revenue, period over period ®Subscription @ Upfront $4M $2M $1M $0M pe pe October 2024 January 2025 April 2025 xtract July 2025
Slide 8: Bookings
ee ~) Bookings Quarter over Quarter Bookings Bookings by Year @smartGateway @xtract One Gateway $40M $15M $30M $10M $20M SSM $10M SOM a $OM July 2024 October 2024 January 2025 April 2025 July 2025 July 2024 July 2025 xtract OiNiIE 8
Slide 9: Contractual Backlog
Ee O Contractual Backlog Year over year © Contractual Backlog @ Signed agreements pending installation $50M $40M $30M $20M $10M $OM July 2024 July 2025, Quarter over quarter © Contractual Backlog @ Signed agreements pending installation $50M $40M $30M $20M $10M $OM October 2024 January 2025 April 20
Slide 10: Operating Expenses
Operating Expenses Fourth quarter operating expenses, year-over-year Year-to-date operating expenses, year-over-year ©2024 ©2025 ©2024 ©2025 $8M $2.0M $6M $1.5M $1.0M stu $0.5M $2M $0.0M $0M Selling and Research and General and Selling and Research and General and marketing development administratio
Slide 11: Cash usage in Operations
~~) Cash usage in Operations Operating cash outflow year to date, excluding Quarterly operating cash outflow, excluding working capital working capital ($3.0M) ($8M) ($2.5M) $2.0M) ($6M) Q ) ($1.5M) ($4M) ($1.0M) ($2M) ($0.5M) $OM $0.0M 2024 2025 October 2024 January 2025 April 2025 July 2025 xtract
Slide 12: Q&A
Q&A xtract GINIE = 2