Slide 1: Adcore's Q2 2025 Earnings Call
T S X : A D CO | OTCQX : A D CO F Adcore's Q2 2025 Earnings Call August, 2025
Slide 2: Hosts
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F Hosts Nick Campbell Omri Brill Amit Konforty Investor Relations CEO CFO 2
Slide 3: Agenda
Adcore's Q2 2025 Earnings Call | August 2025 Agenda • Forward Looking Statements • CEO Opening Remarks • CFO Financial Highlights • Q&A 3
Slide 4: Forward Looking Statements
Adcore's Q2 2025 Earnings Call | August 2025 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 financia
Slide 5: CEO Opening Remarks
Adcore's Q2 2025 Earnings Call | August 2025 CEO Opening Remarks 5
Slide 6: Q2 2025 Report Highlights
Adcore's Q2 2025 Earnings Call | August 2025 Q2 2025 Report Highlights Adcore delivered a strong Q2 2025 with higher gross profit, improved margins, positive Adjusted EBITDA, and a 35% surge in APAC revenue driven by Media Blast adoption and continued client growth. 6
Slide 7: Quarterly Revenue
Adcore's Q2 2025 Earnings Call | August 2025 11.2 Quarterly 7.8 7 Revenue 6.6 6.5 CAD in million 3.7 3.9 3.1 3.1 Quarterly Revenue (↓1% YoY) 2.9 Gross Profit (↑6% YoY) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 7
Slide 8: Quality Growth KPIs
Adcore's Q2 2025 Earnings Call | August 2025 3.9M 3.7M 3.7M 47% 3.3M 44% 3M 3.1M 3.1M 3.1M 2.9M Quality Growth KPIs Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 10.8M ↑23% YoY 10.6M CAD in millions 9M 8.1 M 8M 7.6 M 7.3M 6.7M 6.2M Gross profit Cash and cash equivalent Q2 2
Slide 9: Earnings Report Highlights
Adcore's Q2 2025 Earnings Call | August 2025 Earnings • Gross margin: For the three months ended June 30, 2025, was 47%, compared to 44% for the three months ended June 30, 2024. Report • Cash and cash equivalents: Grew by 23% YoY. Hightlights • Reduced Net loss: by nearly half to CAD$425K from CAD$
Slide 10: 2025 Growth Strategy: Accelerating Momentum
Adcore's Q2 2025 Earnings Call | August 2025 2025 Growth Strategy: Accelerating Momentum Scale Revenue Targeting 25% growth to reach $40 million in annual revenue. Strengthen Profitability 6 straight quarters of positive Adjusted EBITDA. AI-Driven Innovation Deep AI integration across R&D, apps, and
Slide 11: Proposaly New Features
Adcore's Q2 2025 Earnings Call | August 2025 Proposaly New Features Skeleton Feature Secure Payment Requests AI-built proposals in seconds, tailored to Seamless, direct payment requests with client needs, budget, and brand style. no unnecessary steps. 11
Slide 12: Creative Studio AI Excellence
Adcore's Q2 2025 Earnings Call | August 2025 Creative Studio "It's not just cooking. It's creating." AI Excellence - House (Australia’s largest homewares retailer) Demonstrating our capabilities with the latest and most advanced tools in the market. "Coming Home" - The Jewish Agency for Israel 12
Slide 13: Comparable Companies
T S X : A D CO | O TCQX : A D CO F Adcore's Q2 2025 Earnings Call | August 2025 EV / ENTERPRISE GROSS EV / COMPANY NAME TICKER MARK CAP VALUE (EV) PROFIT EBITDA Comparable Fluent Inc Criteo SA FLNT US CRTO US 63 1,696 93 1,622 1.3 1.2 -35 4.1 Companies Evertz Technologies Ltd Inuvo Inc ET TO INUV
Slide 14: CFO Financial Highlights
Adcore's Q2 2025 Earnings Call | August 2025 CFO Financial Highlights 14
Slide 15: Comprehensive Income
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F Comprehensive Income Three months ended Three months ended CAD in million June 30, 2025 June 30, 2024 YoY Revenues 6.5 6.6 Cost of revenues 3.4 3.7 Gross profit 3.1 2.9 +6% RnD 0.5 0.6 SG&A 3.1 3.1 Operating profit (loss
Slide 16: Revenues and Gross Profit
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F Revenues and Gross Profit Quarterly First Half Yearly Revenues ↑4% YoY CAD in Revenues ↓1% YoY Revenues ↑1% YoY Gross profit ↑6% YoY millions Gross Profit ↑6% YoY Gross profit ↑2% YoY 32.5 6.6 6.5 13.6 31.2 13.4 3.7 26.7
Slide 17: Q2 2025 Revenue Breakdown
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F Q2 2025 Revenue Breakdown North America -43% YoY 18% of total APAC +35% YoY EMEA -6% YoY 55% of total 27% of total 17
Slide 18: Financial Position - Assets
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F Financial Position - Assets CAD in million 30.06.25 31.12.24 CURRENT ASSETS Cash and cash equivalents 9.0 10.8 Trade accounts receivable, net 3.7 6.7 Other accounts receivable 0.4 0.6 Total current assets 13.1 18.1 NON-C
Slide 19: Financial Position - Liabilities
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F Financial Position - Liabilities CAD in million 30.06.25 31.12.24 Debt free CURRENT LIABILITIES Trade accounts payable 4.2 8.1 Other accounts payable 2.4 2.4 Lease liability 0.2 0.2 Total current liabilities 6.8 10.7 NON
Slide 20: Adjusted EBITDA
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F Adjusted EBITDA Three months ended June Three months ended June CAD in thousands 30, 2025 30, 2024 Operating profit (loss) (466) (778) Depreciation and amortization 354 380 Share-based payments 65 16 Other non-operationa
Slide 21: Q&A
Adcore's Q2 2025 Earnings Call | August 2025 Q&A
Slide 22: Thank You.
Adcore's Q2 2025 Earnings Call | August 2025 T S X : A D CO | O TCQX : A D CO F T S X : A D CO | OTCQX : A D CO F Thank You. For more information visit adcore.com/investors