Slide 1: Adcore's Q1 2026 Earnings Call
T S X : A D CO | OTCQX : A D CO F Adcore's Q1 2026 Earnings Call May, 2026
Slide 2: Hosts
Adcore's Q1 2026 Earnings Call | May 2026 Hosts Martijn van den Bemd Omri Brill Amit Konforty CPO & Investor Relations CEO CFO 2
Slide 3: Agenda
Adcore's Q1 2026 Earnings Call | May 2026 Agenda • Forward Looking Statements • CEO Opening Remarks • CFO Financial Highlights • Q&A 3
Slide 4: Forward Looking Statements
Adcore's Q1 2026 Earnings Call | May 2026 This conference call contains certain forward-looking information and forward-looking statements (collectively “forward-looking information”), including statements about the Company. Forward-looking information may relate to Forward the Company’s financial o
Slide 5: CEO Opening Remarks
Adcore's Q1 2026 Earnings Call | May 2026 CEO Opening Remarks 5
Slide 6: Q1 2026 Report Highlights
Adcore's Q1 2026 Earnings Call | May 2026 Q1 2026 Report Highlights Revenue Up 22% as APAC Grows 42% 6
Slide 7: Quarterly Revenue
Adcore's Q1 2026 Earnings Call | May 2026 12.1 Quarterly 7.6 8.5 Revenue 7 6.5 CAD in million 3.8 Quarterly Revenue (22% YoY) 3.1 3.1 3.1 3.1 Gross Profit (1% YoY) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 7
Slide 8: Quality Growth KPIs
Adcore's Q1 2026 Earnings Call | May 2026 3.9M 3.7M 3.7M 3.8M 3.3M 3.1M 3.1M 3.1M 3.1M 3.1M 2.9M Quality Growth KPIs Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 10.8M 10.6M CAD in millions 10.3M 9M 8.1 M 8M 7.6 M 7.3M 7.3M 6.7M 5.1M Gross profit Cash and c
Slide 9: First Quarter 2026 Detailed Highlights
Adcore's Q1 2026 Earnings Call | May 2026 First • Revenue was CAD $8.5 million in Q1 2026 versus CAD $7.0 million in Q1 2025, an increase of 22%. On a constant-currency Quarter basis, growth in USD terms was approximately 27%. • Gross profit was CAD $3.1 million in Q1 2026, versus CAD $3.1 2026 mill
Slide 10: 4 Agents funnels that run themselves
Adcore's Q1 2026 Earnings Call | May 2026 4 Agents End-to-end sales funnel coverage From first touch to retained customer Imagine sales funnels that run themselves. 01 Inbound Agent SHIPPED WATCH 02 Outreach Agent IN THE WORKS AI agents closing every deal, from lead to revenue. Stop imagining. Propo
Slide 11: Design like a pro, without being one
Adcore's Q1 2026 Earnings Call | May 2026 NOW IN BETA Design like a pro, without being one. Branded ad creative, generated in seconds. Banners, videos, social - ready for every channel. 11 11
Slide 12: Comparable Companies
T S X : A D CO | OTCQX : A D CO F Adcore's Q1 2026 Earnings Call | May 2026 Comparable EV / ENTERPRISE GROSS EV / COMPANY NAME TICKER MARK CAP VALUE (EV) PROFIT EBITDA Companies Criteo SA CRTO US 1,141 901 0.6 2.2 Evertz Technologies Ltd ET TO 1,231 1,224 4.0 11.9 Kinaxis Inc KXS TO 4,238 4,057 10
Slide 13: CFO Financial Highlights
Adcore's Q1 2026 Earnings Call | May 2026 CFO Financial Highlights 13
Slide 14: Comprehensive Income
Adcore's Q1 2026 Earnings Call | May 2026 Comprehensive Income Three months ended Three months ended CAD in million March 31, 2026 March 31, 2025 Revenues 8.5 7.0 Cost of revenues 5.4 3.9 Gross profit 3.1 3.1 RnD 0.4 0.6 SG&A 3.4 2.8 Operating profit (loss) (0.7) (0.3) Finance expenses 0.2 0.1 Finan
Slide 15: Revenues and Gross Profit
Adcore's Q1 2026 Earnings Call | May 2026 Revenues and Gross Profit Quarterly Yearly CAD in 32.5 33.3 millions +22% 8.5 31.2 18.9 20.3 7 18.5 5.4 3.9 13.6 13 12.7 COR 3.1 3.1 Gross profit Q1 2025 Q1 2026 2023 2024 2025 15
Slide 16: Q1 2026 Revenue Breakdown
Adcore's Q1 2026 Earnings Call | May 2026 Q1 2026 Revenue Breakdown North America -7% YoY 17% of total APAC +42% YoY EMEA -2% YoY 65% of total 18% of total 16
Slide 17: Financial Position - Assets
Adcore's Q1 2026 Earnings Call | May 2026 Financial Position - Assets CAD in million 31.03.26 31.12.25 CURRENT ASSETS Cash and cash equivalents 5.1 10.3 Trade accounts receivable, net 5.7 5.2 Other accounts receivable 0.5 0.4 Total current assets 11.3 15.9 NON-CURRENT ASSETS Property, plant and equi
Slide 18: Financial Position - Liabilities
Adcore's Q1 2026 Earnings Call | May 2026 Financial Position - Liabilities CAD in million 31.03.26 31.12.25 Debt free CURRENT LIABILITIES Trade accounts payable 4.8 8.4 Other accounts payable 2.1 2.2 Lease liability 0.2 0.2 Total current liabilities 7.1 10.8 NON-CURRENT LIABILITIES Lease liability 0
Slide 19: Adjusted EBITDA
Adcore's Q1 2026 Earnings Call | May 2026 Adjusted EBITDA Three months ended Three months ended CAD in thousands March 31, 2026 March 31, 2025 Operating profit (loss) (673) (254) Depreciation and amortization 392 446 Share-based payments 8 2 Other non-operational items 8 14 Total Adjustments 408 462
Slide 20: Q&A
Adcore's Q1 2026 Earnings Call | May 2026 Q&A
Slide 21: Thank You.
Adcore's Q1 2026 Earnings Call | May 2026 T S X : A D CO | OTCQX : A D CO F Thank You. For more information visit adcore.com/investors