IKE 1Q FY27 Performance Update

Wednesday 29th July 2026

This announcement corrects some errors in the previous announcement.

In the announcement guidance was incorrectly stated and has been corrected.

Additionally, there were some Q3 FY26 comments left in the performance takeaways in the attachment. These have been corrected to the Q1 FY27 commentary.

Platform Subscription Revenue Exit Run Rate growth of 31% vs pcp.

FY27 Guidance: similar levels of growth for Platform Subscription Revenue as prior year (+33%)

New products forecasted to be in market in 2H, expected to drive further ARR expansion

IKE (ikeGPS Group Limited) (NZX: IKE | ASX: IKE) is pleased to provide an update for the three-month period to 30 June 2026. All figures in NZD unless stated, rounded to the nearest decimal.

Summary:

• Annualized Exit Run Rate (ERR) of subscription revenue to ~$22M, +31%vs prior calendar period (pcp)

• Platform Subscription Revenue for the quarter of ~$5.3M, +27% vs pcp

• Gross Margin up to 82%, from 75% vs pcp

• Total Revenue for the quarter ~$6.4M, this is flat vs pcp reflecting some interim softness in one-off and lower margin services revenue

• Subscription enterprise customers up to 476, from 441 vs pcp

• Total cash of $33.8M, net receivables of $3.1M, with no debt as at June 30, 2026.

For more detail please see the attached release and join our CEO Glenn Milnes for our webinar at 11:00am AEDT/1:00pm NZDT.

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

https://us02web.zoom.us/webinar/register/WN_MHeoR_-8QOOfn_nNeSwIzQ

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

Amended - Q1 FY27 Performance Update

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