IKE 1Q FY26 Performance Update

Tuesday 29th July 2025

• Continued growth of annual subscription revenue exit run rate (+29% vs pcp).

• Reiteration of FY26 guidance for ~35% or greater growth in platform subscription revenue and EBITDA breakeven on a run-rate basis in H2 FY26.

• Total recognized revenue in the period of NZ$6.4m (+12% vs pcp).

• Gross margin percentage of 76% (up from pcp of 70%).

• Fully funded to execute continued growth plans via completion of A$18.0 million (NZ$19.6 million) fully underwritten placement.

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to provide a performance update for the 3-month period to 30 June 2025. All figures are in NZD, rounded to the nearest decimal.

Highlights for the 3-month period to 30 June 2025:

+ Exit run rate of annual platform subscription revenue of NZ$16.6m (+29% vs pcp).

+ Total recognized revenue in the period of NZ$6.4m (+12% vs pcp) comprised of the following:

+ Subscription revenue of NZ$4.1m (+28% vs pcp).

+ Transaction revenue of NZ$1.5m (-16% vs pcp).

+ Hardware and other services revenue of NZ$0.8m (+3% vs pcp).

+ Gross margin of NZ$4.8m (+20% vs pcp)

+ Gross margin percentage of 76% (up from pcp of 70%), driven by revenue mix continuing to shift to high-margin subscription software products.

+ Total cash and net receivables NZ$11.7m.

+ This comprises NZ$8.8m in cash and NZ$2.9min net receivables (NZ$4.0m in receivables with payables of NZ$1.1m) and no debt.

A fully underwritten institutional placement was completed in July raising A$18.0 million (approximately NZ$19.6 million) and non-underwritten share purchase plan in process to raise up to A$2.0 million (approximately NZ$2.2 million).

For further detail please see the attached release.

The Company will discuss the results on a webinar with CEO Glenn Milnes at 11:00am AEDT/1:00pm NZDT today – Tuesday, 22 July 2025.

Registration for the investor webinar is available via the link below:

https://us02web.zoom.us/webinar/register/WN_d_739e64QcGr6_CeXVZvvQ

Questions can be pre-submitted to simon@nwrcommunications.com.au or asked via the Q&A function during the webinar. After registering, you will receive a confirmation email containing information about joining the webinar.

ENDS

ikeGPS 1Q FY26 Performance Update

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