FY26 Business Update Presentation
Released
Released
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ASX:5GG
FY26 Business Update.
3 August 2026 · Year ended 30 June 2026 · Financial information unaudited
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FINANCIAL UPDATE · FY26 VS PCP
Group results: EBITDA +74%.
Group revenue $m2
+8%
$20.9m
$22.6m
$24.4m
FY24 FY25 FY26
Second consecutive year of revenue growth,
up 8% on PcP and 17% on FY24.
Group EBITDA3
$m2
+74%
$1.4m
$2.4m
($1.3m)
FY24 FY25 FY26
From a $1.3m loss to $2.4m, a step-change
in operating leverage.
Operating cash flow $m2
+17%
$1.4m
$1.6m
($0.6m)
FY24 FY25 FY26
Operating cash flow of $1.6m, a $2.2m
turnaround from FY24's outflow, driven by
cash generated from operations of $1.7m.
Separately, FY26 financing cash flows
included the final $1.6m spectrum payment,
which will not recur in FY27.
2. Unaudited financial results for FY26. Final audited results will follow with the full-year financial statements, due in September 2026.
3. EBITDA is a financial measure which is not prescribed by Australian Accounting Standards (‘AAS’) and represents the profit under AAS adjusted for depreciation, amortisation, interest and tax. Underlying EBITDA excludes share-
based payments.
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FY26 KEY HIGHLIGHTS
Digital infrastructure strategy delivers
improved operating performance.
01
Significant operating and
financial improvement.
Group revenue up 8% on PcP to
$24.4 million2
Improved profitability with Group
EBITDA3
up 74% to $2.4 million
Net Operating Cash Inflow up 17% to
$1.6 million2
Operating leverage and cost discipline converted
growth into profit and cash.
02
NVIDIA GeForce NOW
Alliance Partner, Aus & NZ.
CloudGG premium cloud-gaming runs on
NVIDIA GPUs
Rising hardware costs improve CloudGG’s
value versus owning hardware4
Owns one of Australia's largest NVIDIA
GPU clusters, with upgrade access
Owned GPU infrastructure and alliance partner
status position CloudGG well.
03
Resilient telco
performance underpins
recurring revenue.
Steady subscriber growth, supported by
NBN Speed Boost
Higher margin 5G subscribers up 15%
on PcP
New branding campaign “Nothing But
Net” launched
A recurring-revenue foundation funding
the Group.
2. Unaudited financial results for FY26. Final audited results will follow with the full-year financial statements, due in September 2026.
3. EBITDA is a financial measure which is not prescribed by Australian Accounting Standards (‘AAS’) and represents the profit under AAS adjusted for depreciation, amortisation, interest and tax. Underlying EBITDA excludes share-based payments.
4. Tom's Hardware GPU supply and pricing report, 15 January 2026: https://tech-insider.org/gpu-prices-2026/
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WHY THIS MATTERS
From a Perth telco to a digital infrastructure business.
The FY26 numbers are the output of one strategy: a recurring telco base that funds the Group, owned
infrastructure that makes the economics work, and premium cloud gaming as the growth engine on top
of it.
01 · FOUNDATION
A recurring
telco base that
funds the Group
18,936 subscribers, 1.3% monthly
churn and $92 recurring ARPU give
the business a predictable revenue
floor to invest from.
Predictable cash
02 · MOAT
Owned
infrastructure and
strategic licences
The 5G spectrum,
telecommunications network and
one of Australia's largest clusters of
high-powered NVIDIA GPUs are
assets, utilisation is the lever.
Operating leverage
03 · EMERGING
GROWTH ENGINE
Premium cloud
gaming across
all of ANZ
Gaming ARPU up 36% to $24 with
840k registered users on-platform,
demand already inside the funnel,
awaiting their upgrade moment.
Compounding upside
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OPERATIONAL UPDATE · GAMING
The NVIDIA alliance is becoming more strategically important.
VALUABLE ALLIANCE PARTNER
GeForce NOW
Alliance Partner
for Australia &
New Zealand
CloudGG premium cloud-gaming
services are based on NVIDIA GPUs,
giving Pentanet a simplified pathway
to NVIDIA GPU infrastructure
upgrades. Pentanet is currently
exploring a path to further
GPU expansion as part of its
NVIDIA alliance.
UNIQUE INFRASTRUCTURE
One of Australia's
largest clusters
of high-powered
NVIDIA GPUs
Owned infrastructure underpins
service quality, and remains the focus
for efficiency as the platform scales.
IMPROVING VALUE
PROPOSITION
Rising hardware
costs favour
CloudGG
subscription
Cloud gaming gives customers
premium performance at affordable
prices, without the need to
buy increasingly expensive
gaming hardware.4
4. Tom's Hardware GPU supply and pricing report, 15 January 2026: https://tech-insider.org/gpu-prices-2026/
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OPERATIONAL UPDATE · GAMING
Loyal customers are choosing the premium tiers.
Increased Gaming ARPU
/ month
$24 +36% on PcP
$16
FY24
$17.5
FY25
$24
FY26
Retiring the Casual plan
lifted subscribers into higher-
value tiers.
Higher proportion of Ultimate
plan customers
59% +20pp on PcP
39%
30-Jun-25
59%
30-Jun-26
Ultimate now carries the
majority of the paying base.
Strong loyalty within the
customer base
31,773
~half
returning
Around half of paid activations
are users returning to
the platform.
Registered users demonstrate
future growth potential
840k
registered CloudGG users
Paying subscribers
Registered gamers, demand
awaiting its upgrade moment
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“Nothing But Net”, live in Perth since 1 November 2025,
marks a deliberate reinvestment in brand. A broad media mix
is already lifting awareness and purchase intent among
engaged audiences.
OPERATIONAL UPDATE · TELCO
18,936closing subs at 30-Jun-26
Total subscribers, up 4% on PcP
A resilient, recurring-revenue foundation, with 779 net new subscribers over the year and the
network backbone supporting the broader digital-infrastructure strategy.
12,799
Off-net +13%
1,039
5G subscribers +15%
1.3%
Avg monthly churn, low
$92
Recurring ARPU +2%
$96
Blended ARPU
6,137
On-net subscribers
GROWING OFF-NET
NBN Speed Boost
lifted acquisition
Eligible higher-speed fibre and HFC
connections were automatically
upgraded during September 2025 at no
additional cost.
HIGHER MARGIN ON-NET
Utilisation over expansion
Continued growth in higher-margin
on-net 5G adoption, with utilisation
the strategic focus rather than further
network expansion.
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LOOKING AHEAD
More to come.
We're pleased to provide this snapshot of the full year: a stronger revenue mix, a step-
change in profitability, and momentum in premium cloud gaming.
COMING SOON
FY26 Full Year Report.
A deep dive into the full-year results: audited financials,
segment detail and the drivers behind the numbers.
AND ALSO
Strategic Direction update.
A comprehensive medium- to long-term view of Pentanet's
strategic direction for growth, will be shared alongside the
full-year results.
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ASX:5GG
Thank you.
To our talented team, board, customers, partners and loyal shareholders, your support
has been instrumental in reaching this pivotal point in Pentanet's journey. We're
excited for the next phase of growth in 2026 and beyond.
ASX:5GG · pentanet.com.au
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