Pennant International Group Plc · LSE:PEN
Pennant International — H1 2026 Earnings Presentation
22 slides from Pennant International's earnings presentation, September 2026
Slide 1: Interim results to 30th June 2026
September 2026 _ Company Briefing Interim results to 30th June 2026 . ee se aes a Pen t x \s ia ~ Maximizing Operational Efficiency Copyright 2026 © Pennant International Group Plc. All other trademarks are the property of their respective owners,
Slide 2: Presentation team
2 Presentation team Philip Walker – Chief Executive Officer Darren Wiggins – Chief Financial Officer • Established the strategy and now leads the delivery of • Chartered accountant with significant commercial Pennant’s transformation into a software and technical and operational management experienc
Slide 3: Pennant overview
Pennant overview Provides systems support software, technical services and training solutions to highly regulated industries and major OEMs e Improved mission capability/readiness e Enabling data driven decisions e Reduce total cost of ownership e Ensuring data integrity and compliance Global busine
Slide 4: How we operate
4 How we operate “We ensure mission critical systems are where they are needed, when they are needed and that they work.”
Slide 5: Routes to market
5 Routes to market KEY CUSTOMERS CHANNEL TECHNOLOGY PARTNERS PARTNERS
Slide 6: Executive summary
6 Executive summary H1 26 Headlines - on track to meet market expectations • Revenues of £5.8m (H1 2025: £4.5m) • Gross Margins of 54% (H1 2025: 44%) • Adj. EBITDA of £0.5m (H1 2025: loss of £1.1m) • Adj. loss before tax of £0.3m (H1 2025: loss of £2.0m) • Net Debt of £1.0m (H1 2025: £2.1m) • >95% o
Slide 7: 3-year strategic targets (2026-2028)
7 3-year strategic targets (2026-2028)
Slide 8: 2026 strategic commitments
8 2026 strategic commitments
Slide 9: What is Auxilium®?
AUXILIUM ® SOFTWARE 9 What is Auxilium®?
Slide 10: Auxilium® delivering value
AUXILIUM® SOFTWARE 10 Auxilium® delivering value • Auxilium® software ARR increased to £2.6m (£2.9m at time of announcement), a new high point for the Group, 20% increase versus H1 25 • First sales via Siemens Digital Technologies reseller agreement – all into US defence end users • Integrated Auxil
Slide 11: The Auxilium® financial story
AUXILIUM® SOFTWARE 11 The Auxilium® financial story • Investment in Auxilium® capability since 2019 is now delivering an increase in recurring and repeatable revenue from both products and services • The combination of software product Auxilium® ARR and software service contract revenue is expected
Slide 12: Technical Services gaining momentum
TECHNICAL SERVICES 12 Technical Services gaining momentum • Multiyear Auxilium® services contract with the Canadian Department for National Defence awarded (potential cC$35 million sales value across extended 11 year term) • New S1000D technical publication conversion services capability launched, a
Slide 13: Training Systems in delivery mode
TRAINING SYSTEMS 13 Training Systems in delivery mode • Two multiyear engineered projects progressing to plan: o GenFly - upgrades to installed devices for MOD application at RAF Cosford o ARIT – new devices for BAE Australia • New long term contract award: initial order valued at £1.0m for the supp
Slide 14: Financials
14 Financials CONFIDENTIAL Copyright 2026 © Pennant Intemational Group Plc. All other trademarks are the property of their respective owners.
Slide 15: Highlights
15 Highlights • Revenue increased 30% over H1 25 primarily due to strong delivery on Training programs won in H2 2025 • Gross margins benefitting from robust Training program delivery, increasing Software sales and improving efficiency • Overheads under control and reducing as a % of sales • Adjuste
Slide 16: Statutory income statement
16 Statutory income statement
Slide 17: Segmental revenue performance
17 Segmental revenue performance • Software sales driven by a 9% increase in licensed users of the Auxilium suite of products • Technical services impacted by delayed award of Canadian DND services contract – H2 recovery expected • Training systems sales benefitting from strong H2 2025 order intake
Slide 18: Statement of financial position
18 Statement of financial position • Prior year current assets included £1.1m of assets held for sale (UK surplus land & buildings) • Current liabilities includes £1.9m of Training Systems segment contract liabilities (2025: £0 million) – i.e. cash received ahead of revenue being recognised
Slide 19: Cash flow and net debt
19 Cash flow and net debt • Continued management focus on working capital discipline – engineering projects in cash positive positions • Restructuring program expenditure of £0.5m in H1 26 • Tax receipts from R&D schemes (UK and Canada) expected in H2 • Further investment in the development of our i
Slide 20: Outlook
20 Outlook • On track to meet FY26 market expectations(1) and strong visibility for FY27 • Software ARR momentum, accelerated by continued product releases • Delivering Training Systems programs to milestone plans • Disciplined cost and working capital control expected to deliver a strong H2 cash pe
Slide 21: pennantplc.com
sales@pennantplc.com pennantplc.com Company Number: 03187528 21 XS v Z ~ Maximizing Operational Efficiency oe Copyright 2026 © Pennant International Group Plc. All other trademarks are the property of their respective owners,
Slide 22: Disclaimer
22 Disclaimer This presentation is issued on behalf of Pennant structured verification exercise by the Company or its represents and warrants that they are either a Relevant behaviour based on any inside information which might International Group plc (the “Company”) solely for the advisers and is s
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