Announcement PDF Page 1 of 12 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 12 AGENDA Highlights Strategic Update Financial Update Telco Update Gaming Update Our Next Steps Thank You Page 3 of 12 “Following a year of disciplined cost management and positive EBITDA, Pentanet is entering a new phase of strategic reinvestment. We’re reigniting awareness with a new brand campaign that’s simple, flexible, and unmistakably ours. It marks a deliberate return to growth, focused on driving subscriber acquisition through strengthened engagement and trust, and enhancing Pentanet’s position as Perth’s own ISP. Our financial foundation remains solid, EBITDA has remained positive for a fourth consecutive quarter, giving us the confidence to reinvest in growth while maintaining cost discipline and remaining EBITDA positive.” STEPHEN CORNISH Founder & Managing Director Page 4 of 12 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. 1 POSITIVE EBITDA & OPERATING CASH FLOW Delivered the fourth consecutive positive EBITDA quarter of $0.6m and positive operating cash of $0.6m STABLE TOP-LINE WITH STRONG MARGIN Revenue $5.9m (+9% on PcP), gross profit $2.9m (+22% on PcP), and 49% margin, reflecting a strong foundation for the brand reinvestment phase. MOMENTUM IN 5G & GAMING 5G subscribers +9% QoQ and 63% on PcP, utilisation growing across existing infrastructure. CloudGG ARPU +6% QoQ to $21 (+51% on PcP) 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. 1 1 HIGHLIGHTS Page 5 of 12 KEY OBJECTIVES & FOCUS AREAS Sustain EBITDA-positive Result Maintain disciplined cost management and operational efficiency while reinvesting in strategic growth initiatives. Accelerate Subscriber Acquisition Activate the Q2 brand campaign and targeted marketing initiatives to drive subscriber growth. Expanding Gaming Monetisation Leverage the upgraded CloudGG platform and expanded marketing channels to increase paid growth and ARPU. Strengthen Brand & Market Position Elevate Pentanet’s profile as Perth’s own ISP through brand-led engagement, improved customer experience, and sustainable growth. SUSTAIN POSITIVE EBITDA ACCELERATE SUBSCRIBER ACQUISITION IMPROVE GAMING ARPU AND PAID GROWTH STRENGHTEN BRAND & MARKETING POSITION Page 6 of 12 TELCO UPDATE Total subs: 18,360 (+1% QoQ,+4% on PcP) 5G subs included in on-net subs: 986 (+9% Qoq, +63% on PcP) - shift to utilisation focus Off-net gross subs: +31% QoQ impacted by NBN Speed Boost program and associated promotional activities Blended ARPU - steady at $95 Churn: 1.3% (QoQ +0.1 pp) - stable on-net churn, higher off-net amid competitor promotional activity intensifying Network strategy: shift from infrastructure build focus to subscriber acquisition Marketing: groundwork laid for Q2 brand campaign launch (first large-scale brand work since FY23) TELCO SUBSCRIBERS ON-NET OFF-NET TOTAL Opening Balance Gross New Subscribers Churn Net New Subscribers Closing Balance Average Monthly Churn 6,844 134 (221) (87) 6,757 1.1% 11,313 766 (476) 290 11,603 1.4% 18,157 900 (697) 203 18,360 1.3% Page 7 of 12 Revenue $'000 GP $'000 Q1FY25 Q4FY25 Q1FY26 0 100 200 300 400 500 600 700 499 79 673 463 663 466 GAMING UPDATE Q1FY26 focused on sustaining engagement and reducing churn, with premium plan adoption driving stable revenue. Performance plan up 9% QoQ and Ultimate plan up 3%QoQ, following the retirement of the Casual plan. ARPU up 6% to $21 and up 51% on PcP, supported by higher-value subscriptions. New campaigns launched across new marketing channels, improving reach and conversion efficiency. Battlefield 6 is among the top-performing titles heading into peak season. CloudGG captive audience grew 21% on PcP to 749k+ Page 8 of 12 Revenue Gross Profit Overheads EBITDA 0 -1 0 1 2 3 4 5 6 Income Statement $’m Revenue Gross profit EBITDA EBITDA remained positive at $0.6m for the fourth consecutive positive quarter, with stable QoQ overheads and down 15% on PcP as marketing investment ramped ahead of the Q2 campaign. Gross profit held steady at $2.9m QoQ, up 22% on PcP, reflecting continued margin strength across both segments. Consolidated gross margin improved 5pp on PcP to 49%, supported by a higher-value plan mix. Revenue up 1% QoQ and 9% on PcP to $5.9m, supported by subscriber growth and ongoing shift toward higher-value plans. Telco revenue and Gaming revenue remained stable QoQ. +22% PcP Q1FY26: 2.9 Q4FY25: 5.8 Q1FY25: 5.4 Q4FY25: 3.0 Q1FY25: 2.4 +9% PcP Q1FY26: 5.9 Q1FY25: 2.8 Q4FY25: 2.4 -15% PcP Q1FY26: 2.4 Q1FY25: (0.4) Q4FY25: 0.6 +$1M PcP Q1FY26: 0.6 Page 9 of 12 0.0 -0.2 -0.4 -0.6 0.0 0.2 0.4 0.6 Q1FY25 Q4FY25 Q1FY26 Operations Operating cash flow of $0.6m in Q1FY26, reflecting continued disciplined cash management and sustained positive EBITDA. The quarter included the final $1.7m Spectrum payments, funded through the $2m Moneytech facility, with Pentanet closing Q1 with $2.4m in cash and $6.9m in unused financing facilities. CASH FLOW 0.0 -0.5 -1.0 -1.5 -2.0 -2.5 Q1FY25 Q4FY25 Q1FY26 Investing 0.0 -0.5 0.0 0.5 1.0 1.5 2.0 Q1FY25 Q4FY25 Q1FY26 Financing Cash Flow Statement $’m Page 10 of 12 Grow Telco Subscriber Base Accelerate subscriber acquisition through targeted marketing, competitive value propositions, and enhanced service offerings to increase market share and improve margin contribution. Scale and Monetise CloudGG Drive conversion of free memberships to paid subscribers and capture new high- value users on NVIDIA GeForce NOW, leveraging existing infrastructure and exclusive partnership to build a sustainable gaming revenue stream. Strengthen Brand and Profit Invest in brand awareness for Pentanet to support acquisition and retention, improve customer lifetime value, and position the business for long-term, profitable growth. OUR NEXT STEPS Page 11 of 12 THANK YOU Page 12 of 12 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