Slide 1: FY25 Full year results investor update
FY25 Full year results investor update 8 September 2025 | dubber.net This investor presentation has been approved for release to ASX by the Dubber Board of Directors 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Dubber Corporation Limited (Dubber) for information purposes about Dubber and its subsidiary companies (Dubber Group). The information contained in this document is not investment or financial product advice and is not intended to be used as the basis fo
Slide 3: Key Messages – FY25
Key Messages – FY25 • Achieved underlying operating run-rate cashflow breakeven target1 at June 2025 • Reported net operating cashflow for Q4 FY25 excluding exceptional cashflows was breakeven for the first time in the Company’s history • Group is well capitalised with total available funds at 30 Ju
Slide 4: Financial Overview
FY25 Financial Overview 4
Slide 5: FY25 Results Summary
FY25 Results Summary $m FY25 FY24 % Change FY25 Financial Highlights: Revenue 42.2 38.7 9% • FY25 Revenue up 9% on pcp Direct Costs (12.5) (13.6) 8% • Gross margins of 70% for FY25, up from 65% in FY24 Revenue less Direct Costs 29.7 25.1 18% • Loss before D&A, impairment, interest and tax decreased
Slide 6: Reported Revenue growth by quarter
Reported Revenue growth by quarter Reported revenue by quarter • FY25 reported revenue of $42.2m, up 9% on FY24. 12,000,000 • Recurring revenue was $41.6m for FY25 ($38.1m for 11,000,000 FY24) up 9%. 10,000,000 • Strong revenue growth in the Americas up 29% on 9,000,000 pcp with end user volume grow
Slide 7: Direct costs efficiencies are delivering improved gross margin
Direct costs efficiencies are delivering improved gross margin Direct Costs and Gross Margin • FY25 gross margin of 70% up from 65% in FY24 4,500,000 80.0% reflecting continuing efficiencies of scale achieved 4,000,000 and ongoing reductions in underlying platform 70.0% costs, including cloud platfo
Slide 8: Operating costs continue to reduce
Operating costs continue to reduce • Operating Cash Based Costs* decreased 26% between FY25 and FY24 reflecting ongoing Operating Cash Based Costs* (incurred basis) cost efficiencies being delivered across all 25,000,000 operational cost types in the business • Q4 FY25 annualised operating cash base
Slide 9: FY25 Reported Costs
FY25 Reported Costs Salaries and related expenses $m FY25 FY24 % Change Reduced significantly on FY24 due to restructuring programme in Operating Costs across FY25 that reduced headcount and related overhead costs. Direct Costs (12.5) (13.6) 8% Share based payments Increased on FY24 principally refl
Slide 10: Achieved operating cashflow run-rate breakeven in FY25
Achieved operating cashflow** run-rate breakeven in FY25 Revenue and Total Cash Based Costs* $30,000,000 • Achieved underlying operating cashflow** breakeven target in June 2025 based on monthly results. $25,000,000 • As previously announced to the market, FY26 $20,000,000 operating cashflow run-rat
Slide 11: FY25 Cashflow
FY25 Cashflow % $m FY25 FY24 • Reported receipts of $44.3m in FY25 up 11% from $39.9m in FY24 Change Receipts from customers 44.3 39.9 11% broadly in line with reported revenue growth. Other operating cash outflows (66.0) (62.7) (5%) • Operating cash outflows of $66.0m were up 5% from FY24 principal
Slide 12: FY25 Statement of financial position
FY25 Statement of financial position $m 30 June 2025 30 June 2024 % Change Cash and cash equivalents 10.9 10.6 3 • Reduction in intangible assets reflects Trade and other receivables 8.0 6.5 23 impairment of goodwill and intangibles in Total current assets 18.9 17.1 10 respect of the EMEA segment. P
Slide 13: Other updates
Other updates 13
Slide 14: Product and Development Update
Product and Development Update • New UI/UX: Completed and deployed a modernised interface for AI customers, improving usability and customer experience • Platform Migration: Initiated the migration of all existing customers to the new platform, unlocking access to enhanced features and capabilities
Slide 15: Investigation and recovery of funds
Investigation and recovery of funds • Dubber continues its focus on recovery of funds • ASIC investigation is ongoing and Dubber continues to provide assistance • Board sub-committee managing recovery efforts • Proceedings filed in Federal Court of Australia against former auditors BDO Audit (WA) Pt
Slide 16: FY26 Focus areas
FY26 Focus areas • Sales Growth: • Regular cost-effective marketing • Industry Vertical Strategy • Improve Partners ability to Sell • Look for new revenue streams • Product Evolution • Deploy new recorder across the customer base • Uplift AI sales through product • Drive Results Culture • Continue t