Announcement PDF Page 1 of 14 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 14 AGENDA Highlights Strategic Update Financial Update Telco Update Gaming Update Our Next Steps Thank You Page 3 of 14 “Following continued cost discipline and positive EBITDA in H1 FY26, Pentanet is entering the next phase of measured reinvestment in growth. The launch of our ‘Nothing But Net’ brand platform marks a deliberate step toward rebuilding brand awareness and supporting long-term subscriber acquisition. This campaign strengthens engagement and reinforces Pentanet’s position as Perth’s own ISP. With EBITDA positive for the half and operating cash flow strengthened, Pentanet is positioned to reinvest in growth while maintaining cost discipline and a clear focus on sustaining EBITDA performance.” STEPHEN CORNISH Founder & Managing Director Page 4 of 14 EBITDA & OPERATING CASH FLOW GROWTH EBITDA of $1.0m, up 534% on PcP. Telecommunications EBITDA $0.9m; Gaming EBITDA $0.8m. Operating cash flow up 430% on PcP to $1.3m. TOP-LINE GROWTH WITH MARGIN EXPANSION Revenue increased 8% on PcP to $11.9m, with gross profit up 12% on PcP to $5.8m. Gross margin up 2pp to 49%, reflecting improved mix & contribution. IMPROVED UNIT ECONOMICS IN TELCO & GAMING Telco subscribers increased 5% on PcP to 18,670. ARPU up 2% on PcP. Gaming ARPU up 43% on PcP to $22, driven by improved premium tier mix. 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 Telecommunications EBITDA excludes corporate & ASX overheads of $0.7m 2 HIGHLIGHTS Page 5 of 14 2 KEY OBJECTIVES & FOCUS AREAS Sustain EBITDA-positive Result Maintain disciplined cost management and operational efficiency while reinvesting in strategic growth initiatives. Accelerate Subscriber Acquisition Continue targeted acquisition and retention initiatives, including the January referral program refresh, to support sustainable 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 STRENGTHEN BRAND & MARKET POSITION Page 6 of 14 TELCO UPDATE 513 net new telco subscribers, up 5% on PcP to 18,670 Off-net subscribers up 11% on PcP, driven by the NBN Speed Boost program 5G subs up 44% on PcP to 1,024, with focus on utilisation over expansion Churn improved to 1.2%, down from 1.3% on PcP, with moderation following increased promotional activity in Q1 Blended ARPU up to $96 and ARRPU up by 3% on PcP to $92, supported by migration to higher-speed plans Launched “Nothing But Net” brand platform to support long-term subscriber acquisition H2 focus: disciplined organic growth, brand- led acquisition, capital efficiency and positive EBITDA TELCO SUBSCRIBERS ON-NET OFF-NET TOTAL Opening Balance Gross New Subscribers Churn Net New Subscribers Closing Balance Average Monthly Churn 6,844 149 (455) (296) 6,548 1.1% 11,313 1,703 (894) 809 12,122 1.2% 18,157 1,852 (1,339) 513 18,670 1.2% Page 7 of 14 BRAND BUILDING: A PLATFORM FOR GROWTH A Deliberate Strategic Shift In November 2025, we launched our new Nothing But Net campaign to stand out in an increasingly price-driven market. We expanded beyond performance-only marketing and invested in high-reach brand channels to rebuild awareness at scale. The creative is simple, ownable, distinctive, and built for long-term recognition. Strengthening Our Local Advantage We entered a new strategic partnership with FRINGE WORLD to reinforce Pentanet as Perth’s own ISP during the launch period. In a category where infrastructure is similar, brand trust and local reputation are key competitive advantages. Building Long-Term Value Our renewed brand investment is designed to improve long-term acquisition efficiency. Early commercial signals are encouraging, with momentum building across key channels. Page 8 of 14 Revenue $'000 GP $'000 H1 FY24 H1 FY25 H1 FY26 0 200 400 600 800 1,000 1,200 1,400 858 240 1,133 501 1,343 905 GAMING UPDATE Continued transition toward higher-value subscription tiers (Performance & Ultimate) Casual plan retired to improve subscription quality and platform economics ARPU increased to $22, up 43% on PcP, reflecting improved mix and premium engagement Platform activity strengthened during seasonal peak, supported by new releases (ARC Raiders, Battlefield 6, Path of Exile) Ongoing focus on onboarding, retention and infrastructure efficiency Strategy remains centred on margin expansion, disciplined scaling and sustaining positive EBITDA Page 9 of 14 Revenue Gross Profit Overheads EBITDA 0 -2 0 2 4 6 8 10 12 Income Statement $’m Revenue Gross Profit EBITDA EBITDA improved to $1.0m, up 534% on PcP, driven by higher gross profit and continued cost discipline, while maintaining targeted marketing reinvestment. Gross profit increased 12% on PcP to $5.8m, with gross margin up 2pp to 49%, supported by improved Gaming contribution. Revenue increased 8% on PcP to $11.9m, reflecting steady Telco performance and strong Gaming momentum, supported by improved plan mix across both segments. +12% PcP H1 FY26: 5.8 H1 FY24: 10.4 H1 FY25: 5.2 H1 FY24: 4.9 +8% PcP H1 FY26: 11.9 H1 FY24: 5.2 H1 FY25: 5.2 -3% PcP H1 FY26: 5.1 H1 FY24: (0.2) H1 FY25: 0.2 +534% PcP H1 FY26: 1.0 Page 10 of 14 H1 FY25: 11.1 Jul Aug Sep Oct Nov Dec 1.6 1.7 1.8 1.9 2.0 2.1 Jul Aug Sep Oct Nov Dec 0.5 0.6 0.7 0.8 0.9 0 2 4 6 8 10 12 Revenue Overheads EBITDA Monthly Revenue Trend Chart Monthly Expenditure Trend Chart Total H1 FY26 H1 FY26 Insights Telecommunications EBITDA of $0.9m (excluding $0.7m of corporate and ASX overheads) and Gaming EBITDA of $0.8m. Consolidated EBITDA was $1.0m, after ~$0.1m of brand campaign investment during H1 and $0.7m of corporate costs. H1 FY26 Revenue Analysis $’m Page 11 of 14 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 H1 FY24 H1 FY25 H1 FY26 Operations Operating cash flow improved to $1.3m in H1 FY26, up 430% on PcP, driven by EBITDA improvement and disciplined working capital management. Pentanet closed the half with $2.4m in cash and $7.2m in unused financing facilities to support capital and fleet requirements. CASH FLOW 0.0 -0.5 -1.0 -1.5 -2.0 -2.5 H1 FY24 H1 FY25 H1 FY26 Investing 0.0 -0.5 -1.0 -1.5 0.0 0.5 1.0 H1 FY24 H1 FY25 H1 FY26 Financing Cash Flow Statement $’m Page 12 of 14 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 EBITDA Invest in brand awareness for Pentanet to support acquisition and retention, improve customer lifetime value, and position the business for long-term EBITDA growth. OUR NEXT STEPS Page 13 of 14 THANK YOU Page 14 of 14 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 2026 and beyond. 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