Castellum, Inc. · AMEX:CTM
Castellum — Investor Presentation (August 2026)
23 slides from Castellum's investor presentation, August 2026
Slide 1: Investor Presentation
NYSE-American: CTM Investor Presentation August 2026 Mission Ready Defense Technology Delivering AI-enabled Cyber, Electronic Warfare, C5ISR, and Decision Advantage. Integrity. Innovation. Engagement. Sustainability.
Slide 2: Cautionary Statement Concerning Forward-Looking Statements
Cautionary Statement Concerning Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the
Slide 3: Table of Contents
Table of Contents Why Castellum 4 Recent Prime Contract Wins 12 Investment Highlights 5 Backlog, Pipeline & Revenue Visibility 13 Snapshot: Castellum’s Evolution 6 Historical KPIs 15 NYSE American CTM Castellum Today 7 Growth Strategy 16 Shares Outstanding (6/30/2026) 94.8 M Leadership 8 Contacts 19
Slide 4: Why Castellum
Why Castellum A Defense Tech Services and Solutions Provider; Balance-sheet strength Navy- and Army-focused specialist in cyber, EW, and C5ISR ~$68M Market capitalization Specialized alternative to the primes • Focused on Navy and Army mission-critical programs, not a generalist prime • Deep experti
Slide 5: Investment Highlights
Investment Highlights Positioned to deliver shareholder value through Highly Resilient Business disciplined execution and organic growth. Defense focused and federal IT & cybersecurity platform positioned to perform through budget cycles and administration changes Record Revenue & Contract Wins Clea
Slide 6: Castellum’s Evolution
Castellum’s Evolution Founded in 2019 Listed on NYSE American in Oct 2022 Phase 3: CONTINUE MOMENTUM & EXPAND Jan 2026 – Present Phase 2: ACCELERATE ORGANIC GROWTH • Continue to strengthen organic growth Jul 2024 – Dec 2025 Phase 1: momentum (1H 2026: record revenue BUILD PLATFORM & INTEGRATE growth
Slide 7: Castellum Today
Castellum Today Relevant, powerful, high demand technologies and mission capabilities: Subsidiaries: Integrity. Innovation. Engagement. Sustainability. 7
Slide 8: Strong and Proven Leadership
Strong and Proven Leadership Led by Highly Experience Management Team and Board Executive Leadership and Management Board of Directors Glen Ives, President & CEO Lieutenant General Bernard Champoux, USA (ret), Chair David Bell, CFO & Treasurer Mr. Mark Alarie Andrew Merriman, COO General John Campbe
Slide 9: Defense Budget Tailwinds
Defense Budget Tailwinds Funded budget map directly to CTM's core capabilities Total Addressable Market $961.6B $51.8B $14.3B 2026 DoW Budget Request 2026 IT Budget Request 2026 Cyber Activity Budget Request $66.1B +13% YoY Across the DoD enterprise Across the DoD enterprise Total spending on cyber,
Slide 10: Programs We Support
Programs We Support Aircraft Launch and Integrated Fresnel Lens Augmented Reality PMA-290 P-8 Poseidon Recovery Optical Landing System Maintenance System Special Projects (ALRE) (IFLOLS) (ARMS) / XRa Integrity. Innovation. Engagement. Sustainability. 10
Slide 11: Programs We Support (cont.)
Programs We Support (cont.) Model Based System Data Analytics Cyber Security and Warfare Electronic Warfare Engineering Integrity. Innovation. Engagement. Sustainability. 11
Slide 12: Recent Large Prime Contract Wins
Recent Large Prime Contract Wins $103M $66M $50M 5 ½ years 5 years 5 ½ years Providing Special Missions support Supporting Naval Air Warfare Center Supporting Naval Air Warfare Center Aircraft of the Naval Air Systems Command Lakehurst Mission Operations and Division Lakehurst to provide SSA and cyb
Slide 13: Backlog, Pipeline and Contract Momentum
Backlog, Pipeline and Contract Momentum Entered 2026 on a very strong note: 2025 Contract Wins Contract Backlog * Qualified Pipeline * $219M+ $271.7M $953.5M 5+ year runway vs $265M at 12/31/25 vs $817M at 12/31/25 Top three revenue-producing contracts * As of 6/30/2026 Contract Backlog is defined a
Slide 14: Backlog Conversion & Revenue Visibility
Backlog Conversion & Revenue Visibility $271.7M backlog converts to revenue with multi-year visibility Backlog composition (6/30/26) Funded (obligated) Unfunded $29.0M (10.7%) Priced options $221.4M (81.5%) $21.3M (7.8%) REVENUE RUNWAY — HOW THE BACKLOG CONVERTS TO REVENUE Next 12 months Following 2
Slide 15: Historical Key Financial Metrics
Historical Key Financial Metrics Revenue ($ in millions) Gross Profit ($ in millions) Adj EBITDA ($ in millions) 60 52.9 25 1.2 1.0 19.4 1 50 42.2 45.3 44.8 20 17.6 18.7 18.3 0.8 40 0.8 28.2 15 11.1 30 25.1 9.8 0.6 0.4 20 13.3 10 6.2 0.4 0.2 10 1.4 5 0.2 0.3 0 0 0 2019 2020 2021 2022 2023 2024 2025
Slide 16: Growth Strategy: Organic Expansion
Growth Strategy ORGANIC EXPANSION: Driving Revenue Growth and Improve Margins Focus Drive revenue growth by wining new prime contracts and task orders Integrate and promote cross selling between subsidiaries to unlock efficiencies, and new contract Build opportunities Expand Presence across all DoD
Slide 17: Growth Strategy (cont.): Acquisition Strategy
Growth Strategy (cont.) ACQUISITION STRATEGY: Adding Scale and Capabilities Focus Selective, accretive acquisitions that expand core capabilities Target Companies with strong existing federal prime contracts and recurring revenue Prioritize Companies with cultural and operational fit to enable seaml
Slide 18: Public Markets Strategy
Public Markets Strategy Building Long-Term Shareholder Value: Key Objectives Broaden institutional eligibility Diversify the shareholder base 01 By building a free-float and liquidity profile aligned 02 By targeting long-term, fundamentally-driven with common institutional and index thresholds. shar
Slide 19: Contact Us
Contact Us Castellum. Inc. Investor Relations 1934 Old Gallows Rd, Suite 350 The Equity Group Vienna, VA 22182 Lena Cati (703) 752-6157 (212) 836-9611 lena.cati@theequitygroup.com Val Ferraro (212) 836-9633 val.ferraro@theequitygroup.com Integrity. Innovation. Engagement. Sustainability. 19
Slide 20: Appendix
Appendix Integrity. Innovation. Engagement. Sustainability. 20
Slide 21: Consolidated Balance Sheet
Appendix June 30, December 31, 2026 2025 (unaudited) Consolidated Balance Sheet Liabilities and Stockholders' Equity Liabilities Current Liabilities Accounts payable and accrued expenses $ 2,019,079 $ 1,904,962 June 30, December 31, Accrued payroll and payroll related expenses 2,954,048 2,761,998 20
Slide 22: Consolidated Statement of Operations
Appendix (cont.) Consolidated Statement of Operations Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues $ 13,864,676 $ 14,024,090 $ 28,156,638 $ 25,688,455 Cost of Revenues 9,145,257 8,963,643 18,374,997 16,073,392 Gross Profit 4,719,419 5,060,447 9,781,640 9,615,063
Slide 23: Reconciliation of Non-GAAP Adjusted EBITDA
Appendix (cont.) Reconciliation of Non-GAAP Adjusted EBITDA Three Months Ended Six Months Ended June 30, June 30, 2026 2025 2026 2025 Revenues $ 13,864,676 $ 14,024,090 $ 28,156,637 $ 25,688,455 Gross profit 4,719,419 5,060,447 9,781,640 9,615,063 Loss from operations before other income (expense) (