Sharonai Holdings, Inc. · NASDAQ:SHAZ
Sharonai — Q1 2026 Earnings Presentation
18 slides from Sharonai's earnings presentation, May 15, 2026
Slide 1: First Quarter 2026 Result Presentation
First Quarter 2026 Result Presentation 15th May, 2026
Slide 2: Disclaimers
Disclaimers This prese ntation (this “Pre senta tion”) is provided sole ly for informa tion purposes only and doe s not constitute a n offe r to sell, a solicitation of an offer Use of Projecti ons to buy, or a rec ommendation to purchase any equity or debt. This Pre sentation may c onta in proje ct
Slide 3: Agenda and Presenters
Agenda and Presenters Agenda 1. First Quarter 2026 Highlights 2. Introduction to Sharon AI 3. Industry Backdrop 4. Our Partnership Focused Approach 5. Customer Momentum James Manning Tim Broadfoot 6. Outlook Chairman, Co-Founder CFO & CEO 1 Q 26 R ES UL T - 1 5 MA Y 2 02 6 3
Slide 4: First Quarter 2026 Highlights
First Quarter 2026 Highlights • Nasdaq Listing: Sharon AI listed on the Nasdaq in February, raising US$125M • Key Customer Wins: Signed three new significant customers including Canva, GMI Computing and a US $1.26bn, five-year, take or pay, agreement with ESDS Software Solutions • Expanded Data Cent
Slide 5: Who is Sharon AI?
Who is Sharon AI? Sharon AI is an Australian Neocloud operator, purpose-built to power the next generation of Artificial Intelligence and High Performance Computing 01 02 03 What we do? Why we succeed? Proof points: ▪ Design and operate AI-native ▪ Access to cutting-edge GPUs: Leading NVIDIA Cloud ▪
Slide 6: Global Reach: Instant Performance
Global Reach: Instant Performance Low-latency connectivity with UK US West seamless direct cloud on- 295ms EU KR JP 175ms 165ms 265ms 175ms ramps. US East 225ms HK TW 130ms Global fiber connectivity UAE 155ms 140ms provides for world-wide SG 81ms training and Asia-Pacific inference capabilities. Lat
Slide 7: What's Important to Succeed?
What’s Important to Succeed? Access to GPUs, grid constrained high-density power, tightening data regulation, and capital requirements establish barriers to entry into Global Neocloud and GPUaaS markets GPU Allocation Power Access Regulations Capital and Talent ▪ Securing timely access to ▪ Rapid gr
Slide 8: Our Approach is to Partner With the Best in the World
Our Approach is to Partner With the Best in the World Sharon AI works with global leaders in AI and digital infrastructure to ensure best practices and on time delivery of Sharon AI’s solutions World Wide Technology ▪ NVIDIA is the designer and technology provider of the AI processors (GPUs) used by
Slide 9: Illustrative Customer Contract Lifecycle
Illustrative Customer Contract Lifecycle Sharon AI’s primary commercial contracting framework is take or pay revenue model whereby customers pay monthly revenue for reserved capacity which ensures 100% utilisation once fully deployed, de-risking contracts Post contract GPU + network During contract
Slide 10: Recent Customer Momentum
Recent Customer Momentum Strong growth since January 2026, with significant contracts including Canva, GMI Computing, a US$1.26BN, five -year, take or pay agreement with ESDS Software Solutions; and a US$950M, five-year contract with a global technology company with major Asia-pacific presence Recen
Slide 11: Texas Critical Data Centers – Divestment
Texas Critical Data Centers – Divestment The Sharon AI Board and Management Team have significant experience in US energy and infrastructure markets having cumulatively built and monetized over 300MW of energy infrastructure projects across Texas, Georgia and Pennsylvania in their prior roles. Sharo
Slide 12: Outlook
Outlook Sharon AI expects ongoing growth in its core operations Outlook ▪ We continue to see both Australian and Rest of World customer demand materially 1 outweighing available supply, now looking to contract through 2027 2 ▪ We have upgraded our expected data center capacity from 70MWs to 100MWs b
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Slide 14: Condensed Statement of Operations — Three Months Ended 31 March 2026
Condensed Statement of Operations — Three Months Ended 31 March 2026 Unaudited · US$ in thousands, except per share data · Prepared in accordance with U.S. GAAP US$ in thousands Q1 FY26 Q1 FY25 Variance Var % Revenue $294 $325 (31) (9.5%) Cost of revenue 525 313 212 67.7% Gross profit (loss) (231) 1
Slide 15: Condensed Balance Sheet — As at 31 March 2026
Condensed Balance Sheet — As at 31 March 2026 Unaudited · US$ in thousands · Line items aligned to statutory chart of accounts ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) US$ in thousands Mar 2026 Dec 2025 Movement US$ in thousands Mar 2026 Dec 2025 Movement Current assets Current liabilit
Slide 16: Adjusted EBITDA — Non-GAAP Analysis
Adjusted EBITDA — Non-GAAP Analysis · 31 March 2026 Removes the impact of fair value remeasurements, foreign currency movements and other non -operating items Reconciliation — US$ in thousands Q1 FY26 Q1 FY25 Q1 FY26 Adjusted EBITDA Net loss (20,011) (1,439) $(2,209)k + Income tax expense (benefit)
Slide 17: Reconciliation of Non-GAAP Adjustments — 31 March 2026
Reconciliation of Non-GAAP Adjustments — 31 March 2026 Detail of each fair value, foreign currency and non-recurring item removed in arriving at Adjusted EBITDA Q1 FY26 Q1 FY25 Adjustment Nature Cash / Non-cash 10-Q line item (US$ '000) (US$ '000) Change in fair value of convertible notes 70,228 – N
Slide 18: Please contact us for more information
Please contact us for more information: info@sharonai.com sharon-ai sharon__ai sharonai.com Australia Level 1, 32 Walker Street North Sydney NSW 2060 United States 745 5th Ave, Suite 500 New York, NY 10151 Sharon AI Investor Relations Enquiries: Ross Barrows Head of Capital Strategy & Investor Relat