Streamex Corp. · NASDAQ:STEX
Streamex — Q2 2026 Earnings Presentation
27 slides from Streamex's earnings presentation, Aug 21, 2026
Slide 1: Q2 2026 Earnings & Corporate Update
STREAMEX NASDAQ: STEX Q2 2026 Earnings & Corporate Update Second quarter results, the distribution we built, and what comes next. Henry McPhie Co-Founder & Chief Executive Officer Christine Plummer Chief Financial Officer Rg streamex
Slide 2: Disclaimers
Disclaimers
Slide 3: Disclaimers Related to Past Performance Metrics
Disclaimers Related to Past Performance Metrics ‘This pesemtation contains ferences topo performance of certain ase esses andinvstment products nen phys {goldbulion and gold Es. Such references aeintended to inform vertors abou the potentalderenca in eturm hat Investing in LOY cou offer a compared o
Slide 4: Agenda
AGENDA What we'll cover today. 01 03 05 Second quarter financial results 02 Results, liquidity, cash runway, and capital structure. Christine Plummer GLDY Update 04 Product perfarmance, adaption, and haw institutional allocation happens. Henry mePhie The market we are building into 06 Where tokeniza
Slide 5: The Company: What Streamex is and is not
THE COMPANY What Streamex is - and what it is not. For anyone hearing our story for the first time STREAMEX IS STREAMEX IS NOT + Afinancial technology company that built and operates a tokenization * Acryptocurrency company. We do not issue, trade or speculate in platform for commodity capital marke
Slide 6: Second quarter financial results
01 Second quarter financial results Christine Plummer, Chief Financial Officer
Slide 7: Q2 2026 Highlights
Q2 2026 Highlights Q2 FINANCIALS GLDY Update + Gold lease income of $0.1m ~ the first income under the tokenized gold * External ownership of GLDY increased to 9.0% platform. + 27.30 o's in dividends earned; First attestation completed. + Operating expenses decreased by $20.4M, or 57.1%, compared to
Slide 8: Results
RESULTS First gold lease income in the Company's history. $146K 57.1% $14,551K None First gold lease income recognized (02 2026 vs. 02 2026 decline in Net oss, improved 68.0% when compared “otal debt outstanding Operating Expenses toa 2026, Gold lease income Loss from operations (15,161) (35,746) (5
Slide 9: Balance Sheet
Balance Sheet Strong balance sheet allows the company to focus on growth rather than financing. BALANCE SHEET SNAPSHOT Sineons 6/30/2026 s/a3/2026 Current assets $34.5 $45.9 Total assets $159.6 $1733 Current liabilities Sur $33 Total liabilities S124 $140 Total stockholders’ equity $147. $159.2 Debt
Slide 10: Liquidity
Liquipity What we hold, and what we can spend today. $41.8M ~$19.5M Total liquidity postion Immediately available today Cash and marketable securities $18.5M Yes Digital assets $6.0M 1.0m ‘Total cash and investments $24.5M ~$19.5M Physical gold $15.5M Res entory Metalayer investment sisM From Sep 30
Slide 11: Runway
RUNWAY Operating burn is falling as one-time costs roll off. ~18 months 02.2026 actual 16 ‘on immediately availabe funds alone, atthe expected run rate Less: accounting and other consulting services (0.4) Less one-time personnel costs (0.2) Less: marketing costs (0.2) 03.2026 expected run rate 2 iy
Slide 12: Capital
CAPITAL Capital structure and shareholder matters. (share counts are presented as of 6/30/2026) 112,622,795 69,598,196 182,220,991 Common shares outstanding Exchangeable shares, 1: Folly eluted, incl. exchangeables 01 Share repurchase program (On July 1, 2026, the Board authorized the repurchase of
Slide 13: The business
02 The business Henry McPhie, Co-Founder & Chief Executive Officer STREAMEX asoAG: STEX. 13
Slide 14: Q2 in Review: We spent the quarter building distribution
Q2 IN REVIEW We spent the quarter building distribution Five partnerships and infrastructure collaborations signed since May 27 may 29,UN ort 2asut 2aauL Orca Siebert Financial + tZERO EisnerAmper Inspira Financial Wintermute 24/7 decentcalized secondary liquidity infrasteucture for tokenized securi
Slide 15: Distribution: The GLDY Access Network today
DISTRIBUTION The GLDY Access Network today. ‘We win by letting brokerages, custodians and retirement platforms offer our assets to their own clients. E——E EE —E—E—; EEE Siebert Financial Brokers can offer GLDY to ther clients for custody and trading on tZERO $20bn network assets lnspira Financial Qu
Slide 16: Access
ACCESS. You do not need to understand tokenization to own this. Ways capital reaches GLDY today, none of which require the investor to engage with the technology. 01 02 03 Through their broker or advi Exposure through swap Through the carry ‘an advisor allocates to GLDY the way they allocate to SpUc
Slide 17: Product & Design
PRODUCT & DESIGN Making the product effortless to own. The fastest way to convert interest into assets is to remove every step that makes someone hesitate. KORI HANDY - VP, PRODUCT & DESIGN Eighteen years designing fintech and payments products at PayPal, Microsoft and Draftkings, and founder and CE
Slide 18: GLDY today: proven, paying and liquid
Loy GLDY today: proven, paying and liquid. is Neto fas woes gape ty send ee 3,096 oz 3,111 oz 4 Yield distributions paid to holders, every one of them on schedule Mar31, 2026 ‘jun 30, 2026 Assets oustanding were broadly unchanged inthe quarter We are reporting this Distruted to holdersin dona gold,
Slide 19: Adoption: This market moves in steps
ADOPTION This market moves in steps, not on a slope. Institutional allocation to a new asset class concentrates around the first mover, and then it accelerates. WHAT THE CATEGORY LOOKS LIKE ‘The largest tokenized treasury fund in the world, run by the largest asset manager in the world, has roughly
Slide 20: Adoption: The Gate Scoreboard
ADOPTION The Gate Scoreboard ‘You asked which gates sit between an announced partnership and funded assets. Here they are, with status. Legal wrapper and disclosure Allocators will not take legal risk on structure complete Physical custody Institutions cannot allocate to what they cannot verify is h
Slide 21: GLDC: Permissionless gold, on a productive reserve
ioc GLDC: Permissionless gold, on a productive reserve. Backed by GLDY, without the accreditation gate, WHAT IT IS WHY IT MATTERS + Issued by the independent Auriferous Foundation. Streamex acts as 2 + Itisone reserve — GLOC assets are GLDY assets, so growth in GLDC is servicer to the Foundation and
Slide 22: Business Model: GLDC adds a new revenue line
BUSINESS MODEL GLDC adds an entirely new revenue line to Streamex. The same shape as a stablecoin issuer's business — with gold as the reserve asset instead of treasuries. 01 02 03 04 Someone buys GLDC GLDY is minted behind it The reserve earns 3.5% Streamex earns on GLDC growth & ‘on the GLDY pital
Slide 23: Positioning: GLDY, GLDC and the incumbents
POSITIONING GLDY, GLDC and the incumbents. Backing Phys gold bullon custosied with Asahi GLDY, Lt Physical gold Reserve productivity 2.svthrough gold essing Same reserve — productive lle Yt to holder Yes— pid monthiyin gold Ce None Who can hla Acreitedinvestors Rule S05) anyone permisionless Anyone
Slide 24: Sequencing: Depth before breadth
SEQUENCING Depth before breadth. In May we guided to a ser launch inthe third quarter. With our strategie focus on ensuring the success of GLOY o1 We sald Q3 for silver, and we changed it and GLOC, we have shifted our siver launch to 2027. ‘The highest-return use of our engineering capacity and our
Slide 25: Market: The market we are building into
MARKET The market we are building into. Tokenization has moved from pilot to allocation — and the institutions that set the agenda are already building. $38.3B $16T $146T ‘on-chain today projected by 2030, ‘Total commodities market size Tokenized real-world assets excluding stablecoins, up from BCG
Slide 26: Next Days: What to hold us to
NEXT 90 DAYS What to hold us to. Deliberately short and deliberately specific. 01 Convert the first institutional alloc: jons nto GLDY 02 Onboard our frst institutional partners as holders ‘The priority above everything ese. The fist orders are what tur a proven product Named allocators on the regis
Slide 27: Questions
Questions Please feel free to ask management questions now live on the call, we also collected questions submitted ahead of the call and will work through them. IR@streamex.com + streamex.com + NASDAQ: STEX