Announcement PDF Page 1 of 15 DISCLAIMER IMPORTANT: You must read the following before continuing. Summary information in relation to Pentanet Limited. This presentation contains summary information about Pentanet Limited (ACN 617 506 279) (“Company”), its subsidiaries and their activities which is current as at the date of this presentation, unless otherwise indicated. The information in this presentation remains subject to change without notice, and the Company is not responsible for updating, nor does it undertake to update it. Industry data - Certain market and industry data used in connection with or referenced in this presentation, including in relation to other companies in the Company’s peer group, may have been obtained from public filings, research, surveys or studies made or conducted by third parties, including as published in industry-specific or general publications. 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Page 2 of 15 AGENDA Highlights Financial Update Strategic Update Our Next Steps Telco Update Conclusion Gaming Update Thank You Page 3 of 15 “At Pentanet, we’re building more than just internet connections – we’re helping shape the future of how Australians live, work, and play in a digital-first world. From expanding our telco network in Perth to partnering with NVIDIA to bring cutting-edge cloud Graphics Processing Unit (GPU) technology to Australia and New Zealand, everything we do is about creating faster, smarter, more seamless ways to connect – online and in real life.” STEPHEN CORNISH Founder & Managing Director Page 4 of 15 HIGHLIGHTS POSITIVE EBITDA & OPERATING CASH FLOW Delivered first full-year positive EBITDA of $1.4m, a $2.7m YoY improvement. Telecommunications EBITDA $1.9m; Gaming $1.0m 1 2 TOP-LINE GROWTH WITH MARGIN UPLIFT $22.6m in revenue, up 8% YoY, and 15% gross profit growth to $11m, supported by organic momentum in both segments. MOMENTUM IN GAMING & 5G Strong YoY growth in gaming revenue up 31% YoY and ARPU up 42% to $17. 5G Subscribers base more than doubled to 904. 1 2 Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is a financial measure which is not prescribed by Australian Accounting Standard (‘AAS’) and represents the profit under AAS adjusted for depreciation, amortisation, interest and tax. Telecommunications EBITDA excludes corporate & ASX overheads of $1.6m Page 5 of 15 KEY OBJECTIVES & OUTCOMES Establish and operate from a sustainably profitable foundation Delivered first full-year positive EBITDA of $1.4 million. Telecommunications EBITDA $1.9m; Gaming EBITDA $1.0m. Expand network footprint to support future growth plans Extended 5G coverage to ~25% of the tower network through capital-efficient upgrades. FIRST FULL YEAR POSITIVE EBITDA EXTENDED 5G COVERAGE TO ~25% OF NETWORK FOOTPRINT GAMING ARPU IMPROVED BY 42% TO $17 GROSS MARGIN UPLIFT OF 3PP YOY AND TOP-LINE GROWTH Increase NVIDIA cloud GPU optimisation and capacity headroom Transitioned to RTX 4080 SuperPOD and restructured plans, increasing ARPU by 42%. Increase revenue and margin as we set the stage for new growth Revenue grew 8% YoY to $22.6 million, with gross margin improving 3 percentage points (pp) from 46% to 49%. Page 6 of 15 KEY MILESTONES JUL 2024 AUG 2024 SEP 2024 OCT 2024 NOV 2024 DEC 2024 MAR 2025 JUN 2025 Implement operating cost efficiencies 5G equipment swap to minimise upfront capital and preserve cash for 5G expansion Accelerate 5G coverage expansion Completed upgrade to RTX 4080 SuperPOD, enabling 4K and high frame rate performance Implemented next phase of CloudGG user monetisation to increase group profitability Ended H1 FY25 EBITDA+, continued growth momentum across 2H, increasing cash Q3 FY25: Second consecutive EBITDA+ quarter increasing cash Third consecutive EBITDA+ result: $1.4m full-year EBITDA+, with operating cashflow improving by $2m YoY Page 7 of 15 TELCO UPDATE 774 net new telco subscribers added in FY25 via targeted marketing 5G subs included in on-net subs, up 126% YoY; broader marketing to follow scaled coverage 5G coverage expanded to ~25% of towers through equipment swap CPE inventory secured for 1HFY26 deployments TELCO SUBSCRIBERS ON-NET OFF-NET TOTAL Churn improved from 1.39% to 1.23% with better plan alignment and support Opening Balance 6,794 10,589 17,383 Gross New Subscribers 1,016 2,441 3,457 ARPU up 2% YoY to $94 Churn (966) (1,717) (2,683) NBN gross margin increased to 24% post supplier renegotiation Net New Subscribers 50 724 774 Closing Balance 6,844 11,313 18,157 FY26 focus: accelerate subscriber growth through growth investment and improved experience Average Monthly Churn 1.18% 1.26% 1.23% Page 8 of 15 GAMING UPDATE FY25 focused on service quality, plan simplification, and a revamped free user experience Launched updated plan suite with “Performance” tier, Ultimate Trial, and 100hour cap Basic and Casual plans retired; pricing adjusted to improve value mix Completed RTX 4080 SuperPOD rollout, enabling 4K and high frame rates ARPU up 42% YoY to $17, exiting FY25 at $20 Despite removal of bottom-end subscriber plans, revenue and margin improved from highervalue plans CloudGG captive audience grew 23% YoY to 725k+; 800m+ minutes played. Revenue $'000 GP $'000 2,500 2,444 2,000 1,864 1,500 1,384 1,000 958 500 405 0 -317 -500 FY23 FY24 FY25 Page 9 of 15 Income Statement $’m +8% YoY FY25: 22.6 25 20 FY23: 19.7 FY24: 20.9 15 FY23: 8.5 10 FY24: 9.6 +15% YoY FY25: 11 FY23: 12.6 FY24: 11.3 -13% YoY FY25: 9.8 5 FY23: (3.1) FY24: (1.3) +2.7m YoY FY25: 1.4 0 -5 Revenue Gross Profit Overheads EBITDA Revenue Gross profit EBITDA Revenue growth driven by highervalue gaming plans and stable telco performance. Consolidated revenue up 8% YoY to $22.6m, with strong contributions from both Telco and Gaming segments. Gross profit up 15% YoY to $11.0m, driven by higher-margin gaming plans and improved operating efficiency. Gross margin up 3pp from 46% to 49%, with strong contributions from both segments. EBITDA reached $1.4m in FY25, Pentanet’s first full-year positive result, supported by a 13% reduction in overheads and strong YoY improvements across both segments. Page 10 of 15 Revenue Analysis $’m Monthly Revenue Trend Chart Total Annual Data 2.0 EBITDA 1.9 Overheads 1.8 1.7 1.6 Revenue Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 0 5 10 15 20 25 Monthly Expenditure Trend Chart FY25 Insights 1.0 Segment performance drove the turnaround, with Telecommunications EBITDA at $1.9m (excluding $1.6m corporate & ASX overheads) and Gaming EBITDA of $1.0m supported by cost discipline and efficiencies. 0.9 0.8 0.7 0.6 0.5 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Page 11 of 15 Cash Flow Statement $’m Investing FY23 Operations FY24 FY23 FY25 -10 -8 -6 -4 -2 0 2 4 6 8 FY24 Financing FY25 FY23 -4 -3 -2 -1 0 1 CASH FLOW Operating cash flow of $1.4m in FY25, a $2m YoY improvement, driven by stronger EBITDA and disciplined cash management; closing the year with $2.2m in cash, $6.6m in unused financing facilities, and secured a further $2.2m Moneytech facility subsequent to year end. 2 FY24 FY25 -2 0 Page 12 of 15 OUR NEXT STEPS Grow Telco Subscriber Base Scale and Monetise CloudGG Strenghthen brand and profit Accelerate subscriber acquisition through targeted marketing, competitive value propositions, and enhanced service offerings to increase market share and improve margin contribution. Drive conversion of free memberships to paid subscribers and capture new highvalue users on NVIDIA GeForce NOW, leveraging existing infrastructure and exclusive partnership to build a sustainable gaming revenue stream. Invest in brand awareness for Pentanet to support acquisition and retention, improve customer lifetime value, and position the business for long-term, profitable growth. Page 13 of 15 CONCLUSION FY25 marked Pentanet’s shift to sustainable profitability, driven by positive EBITDA, stronger cash flow, and growth across both core segments. With solid foundations in place, we are well-positioned to scale subscriber acquisition and drive long-term value into FY26. 01. Sustained Profitability 02. Improved gross margins and cost efficiencies across both segments underscore the strength of our infrastructure and product offering. Delivered first full-year positive EBITDA of $1.4 million, demonstrating the scalability and operational discipline of Pentanet’s model. 03. Strategic Execution Successfully balanced subscriber growth with capital preservation through targeted campaigns and capital-efficient network expansion. Strong Platform Leverage 04. Positioned for Growth With a simplified product suite and stronger brand platform, Pentanet enters FY26 focused on accelerating subscriber acquisition and unlocking further value. Page 14 of 15 THANK YOU We would like to extend our sincere gratitude to our talented team, board, customers, partners and loyal shareholders. Your continued support and dedication have been instrumental in reaching this pivotal point in Pentanet’s journey. We’re excited about the opportunities ahead and remain confident in our ability to deliver faster, smarter and richer digital experiences for our customers. Thank you for your continued support as we enter the next phase of growth in FY26 and beyond. INVESTORHUB.PENTANET.COM.AU Page 15 of 15