Ikegps Group Ltd · NZX:IKE
Ikegps — H1 FY2026 Earnings Presentation
41 slides from Ikegps's earnings presentation, October 2025
Slide 1: IKE 1H FY26 Performance Update
October 2025 IKE 1H FY26 Performance Update Glenn Milnes, CEO & MD and Paul Cardosi, CFO glenn.milnes@ikegps.com & paul.cardosi@ikegps.com www.ikegps.com
Slide 2: Important Notice
Important Notice Information in this presentation: • Is for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in ikeGPS Group Limited (IKE); • Should be read in conjunction with, and is subject to, IKE’s FY25 financial re
Slide 3: Agenda
Agenda 1H FY26 performance headlines Outlook Addressable Market IKE’s Value proposition Q&A ikeGPS 3
Slide 4: Strong Growth and Operational Performance
Strong Growth and Operational Performance 1H FY26 Performance Update • Sep Annualized Exit Run Rate (ERR) Platform Subscription Revenue ~NZ$19.4m annualized (+47% vs pcp) • Sep YTD Recognized Platform Subscription Revenue ~NZ$8.8m (+35% vs pcp) • Sep YTD Total Revenue ~NZ$12.8m (+5% vs pcp) o Lower
Slide 5: Reiterating FY26 Guidance
Reiterating FY26 Guidance Outlook FY26 Guidance for • ~35% or greater growth in platform subscription revenue • EBITDA breakeven on a run-rate basis within 2H FY26 ikeGPS 5 pcp – prior calendar period
Slide 6: Annualized Exit Run Rate of Platform Subscription Revenue +47%
Annualized Exit Run Rate of Platform Subscription Revenue +47% Strong Growth Continues Platform Subscriptions – ERR Trend ERR September 2025: $25,000 $20,000 $19,421 Takeaways ➢ +47% YoY growth in the exit Thousands of NZD $15,000 $13,233 run rate (ERR) of annual platform subscription $9,885 revenue
Slide 7: 1H Year-to-Date Subscription Revenue
1H Year-to-Date Subscription Revenue Three-year Compound Annual Growth Rate ~30% Subscription Revenue YTD FY26 (vs. pcp) $10,000 $9,000 $8,828 $8,000 $7,000 $6,532 Thousands of NZD $6,000 $5,098 $5,000 $4,100 $4,000 Takeaways $3,000 $2,466 ➢ +35% YoY growth $2,000 ➢ ~30% 3-year CAGR $1,000 ➢ Continu
Slide 8: Total Platform Subscription Seats Growth +55% vs. pcp
Total Platform Subscription Seats Growth +55% vs. pcp From cross-sells and upsells Platform Subscriptions – Seat License Trend At 30 September 2025 11,000 10,000 9,283 9,000 8,000 # of Seat Licenses 7,000 5,990 6,000 5,000 Takeaways 4,000 3,000 2,144 1,693 2,000 ➢ Seat count growth has 1,000 continu
Slide 9: 1H Year-to-Date Platform Transaction Revenue of ~NZ$2.7m
1H Year-to-Date Platform Transaction Revenue of ~NZ$2.7m Transaction Revenue -32% vs. pcp Platform Transaction Revenue Platform transaction revenue YTD FY26 (vs. pcp) # of platform transactions $10,000 259,474 300,000 $9,000 250,000 $8,000 $7,000 160,457 200,000 Takeaways Thousands of NZD $6,000 142
Slide 10: ~90% YTD Revenue from Recurring and Re-Occurring Sources
➢ ~90% of total YTD Revenue comes from recurring Subscription and re-occurring Transaction Revenue ~90% YTD Revenue from Recurring and Re-Occurring Sources 1H Year-to-Date Total Revenue by Segment Total Revenue by Segment Platform transaction revenue YTD FY26 (vs. pcp) Hardware and other revenue Sub
Slide 11: 1H FY26 Key Metrics
1H FY26 Key Metrics 1H FY26 1H FY25 % Change Total Revenue $12.8m $12.2m +5% Platform Subscriptions Total # Subscription Customers 423 413 +2% Platform Subscription Revenue $8.8m $6.5m +35% Gross Margin $8.2m $5.7m +45% Takeaways Gross Margin % 93% 87% ➢ The company added 49 new Platform Transaction
Slide 12: In the right market at the right time
In the right market at the right time Addressable market update for North America ikeGPS 12
Slide 13: $2T grid modernization in the North American market demands digital grid intelligence
$2T grid modernization in the North American market demands digital grid intelligence ~25-35M wood poles The aging infrastructure crisis hits its inflection will require replacement or point now reinforcement by 2035 • 130 million wooden poles are approaching the 45-50 year failure threshold - ~25–3
Slide 14: 40% of U.S. federal grants for grid resilience target distribution network capacity & hardening
40% of U.S. federal grants for grid resilience target distribution network capacity & hardening, where IKE is Department of Energy | July 2024 • DOE Grid Deployment Office (formed 2022) leads nationwide investment in distribution Percent of Award Recipients resilience. 0% 10% 20% 30% 40% 50% 60% • S
Slide 15: $43B in broadband funding also demands distribution network data intelligence
$43B in broadband funding also demands distribution network data intelligence • $43B in BEAD funding drives unprecedented 2032 fiber attachment volume on utility poles. $74.6B • FCC defines “large attachment requests” as 3,000+ poles per project1, mass digitization 2026 is required for survey and ma
Slide 16: IKE has built capabilities to solve these infrastructure challenges
IKE has built capabilities to solve these infrastructure challenges Creating sustainable competitive advantage to engineer a network through its lifecycle To see what matters To know what's at risk To act & engineer with confidence Safe and accurate grid Identify network vulnerabilities, Centralized
Slide 17: Multiple macro-factors are driving infrastructure investments in North America
Multiple macro-factors are driving infrastructure investments, and the need for technology, in North America AI has unleashed a wave of data centre construction. In 2023, AI data centres consumed about 4.4% of U.S. electricity, and that share could triple by 2028. Microsoft and Google estimate that
Slide 18: The size of the North American market opportunity, in Australian context
The size of the North American market opportunity, in Australian context IKE’s Top 8 Customers Total Australian Market: ~11m homes & businesses U.S. Infrastructure Total Spend Projections of LLMA Energy The Top 8 IKE Customers: >$400bn over the next 5 years Duke Energy ~43M homes & businesses, >4x t
Slide 19: A huge expansion opportunity at investor-owned utilities
A huge expansion opportunity at investor-owned utilities U.S. Market-Map of Investor-Owned Utilities (multi-$B companies) ikeGPS 19
Slide 20: Sales opportunities for IKE products at over 2,800 Municipalities and Co-Operatives
Sales opportunities for IKE products at over 2,800 Municipalities and Co-Operatives $10.0 Million or Less $10.1 to $20.0 Million $20.1 to $40.0 Million $40.1 to $80.0 Million $80.1 Million or More No Reported Data Rural Electric Cooperative* ikeGPS *13 out of 924 co-ops did not report revenue and ar
Slide 21: IKE's Expanding Value Proposition
IKE’s Expanding Value Proposition ikeGPS 21
Slide 22: The grid faces unprecedented challenges.
The grid faces unprecedented challenges. Complete field-to-finish solutions from IKE to engineer a network through its lifecycle. Field Data Collection platform Accurate, reliable, and Solution for gaining actionable Back-end analysis for acquired with back-office tools defendable pole load analysis
Slide 23: IKE's purpose is Manaakitanga.
IKE’s pu pose is Manaakitanga. We rise by lifting others. A Clear 10-year Mission guiding our journey Manaakitanga Mission (by mid-2034) "We rise by lifting others." This means To be the most trusted and admired lifting our customers, each other, our company delivering software solutions communities
Slide 24: Delivering the best CX in our industry as a Strategic Pillar
Delivering the best CX in our industry as a Strategic Pillar Customers overwhelmingly recommend IKE, with an independently assessed NPS of 91%. This score is driven by: • IKE’s focus on both product capability, industry-specific outcomes, and customer experience. • Purpose-built solutions for utilit
Slide 25: IKE is trusted by 8 of the 10 largest investor-owned utilities in North America
IKE is trusted by 8 of the 10 largest investor-owned utilities in North America ikeGPS 25
Slide 26: IKE is trusted by 5 of the 10 largest communications companies in the U.S.
IKE is trusted by 5 of the 10 largest communications companies in the U.S. ikeGPS 26
Slide 27: IKE's software is now used in all States
IKE’s software is now used in all 50 States
Slide 28: 20 Million Overhead Assets
Overhead Utility Data Collection IKE technology has helped companies engineer Takeaways 20 Million OVERHEAD ASSETS, ➢ The same electric utility asset is digitally processed many times throughout its lifecycle - for make-ready engineering, fiber joint-use, clearance validation, or routine and countin
Slide 29: Growth opportunities within existing accounts and from new logos
Growth opportunities within existing accounts and from new logos Expert team, best-in-class technology, and direct-to-market execution capability Addressable Customers Takeaways 20% ➢ Today, IKE has a presence in Customer Penetration approximately 6% of addressable customers in the U.S. but is estim
Slide 30: Educating the North American Industry: NESC Webinar Series
Getting to Market: Educating the North American Industry Example of IKE's National Electric Safety Code Webinar Series 3,000+ Attendees 800+ Organizations Trained
Slide 31: Educating the North American Industry: In-Person NESC & OSHA Training
Getting-to-Market: Educating the North American Industry Example of IKE's In-Person NESC & OSHA Training OVER ROUGHLY 1,700 Attendees 'IKE Certified' 500 Organizations Trained
Slide 32: New Products & Technologies
New Products & Technologies ikeGPS 32
Slide 33: Meet PolePilot, an AI subscription module released in 2Q
Meet PolePilot , an AI subscription module released in 2Q to increase productivity and efficiencies for IKE Office Pro engineers PolePilot was very easy to use and was effective in many different pole and environmental scenarios. The automated markers helped identify wires and equipment that were di
Slide 34: Meet PolePilot, an AI subscription module released in 2Q
Meet PolePilot , an AI subscription module released in 2Q to increase productivity and efficiencies for IKE Office Pro engineers PolePilot was very easy to use and was effective in many different pole and environmental scenarios. The automated markers helped identify wires and equipment that were di
Slide 35: Meet PolePilot, an AI subscription module released in 2Q
Meet PolePilot , an AI subscription module released in 2Q to increase productivity and efficiencies for IKE Office Pro engineers Takeaways ➢ AI-powered assistant to increase productivity for analyzing pole data ➢ SaaS tool to support all the digital needs for grid modernization efforts ikeGPS ➢ Expa
Slide 36: The standard for distribution network design in the U.S.
The standard for distribution network design in the U.S. Takeaways ➢ The new IKE PoleForeman product has been in the market for ~18 months ➢ In total, ~130 customers have subscribed to this new platform, far exceeding our adoption rate expectations. ➢ We expect further major customers to close in FY
Slide 37: Thank You
Thank You Glenn Milnes, CEO and Paul Cardosi, CFO glenn.milnes@ikegps.com & paul.cardosi@ikegps.com October, 2025 www.ikegps.com
Slide 38: IKE Facts
IKE Facts To Date » September 2025
Slide 39: 1 Million Miles of Lines
Overhead Utility Data Collection Count IKE technology helped companies engineer Takeaways ➢ Every mile of overhead line requires precise 1 Million MILES OF LINES engineering - from pole loading and conductor clearance modeling to make-ready design. These lines are continuously re-engineered as utili
Slide 40: Top 4 states IKE is used in
Top 4 states IKE is used in California Connecticut New York Virginia
Slide 41: 500+ enterprise customers
500+ enterprise customers 49 NEW Utility, Communications, and Engineering customers in 1H FY26