Announcement PDF Focused Execution and Scale Delivering Spacetalk’s growth strategy Spacetalk Ltd (ASX:SPA) Investor Presentation August 2025 spacetalk.co spacetalk.co Update on Strategy & Key Growth Milestones Our immediate and medium-term growth strategy is anchored in our vision to build a trusted safety ecosystem that supports families across every life stage. Our unique approach Vision Safety at every stage of life. Mission To ensure family safety by providing an ecosystem of products that enable freedom and create peace of mind. Acquires whole families as customers. Our unique ecosystem Provides safety for the entire family. INVESTOR PRESENTATION 2 spacetalk.co Update on Strategy & Key Growth Milestones Spacetalk is a family safety technology business that develops and sells hardware and software products that address safety concerns at every stage of life Spacetalk Mobile is a MVNO that sells mobile plans that connect our products and families. Following a successful turnaround Spacetalk is focused on market expansion and new product development. MVNO (Mobile Virtual Network Operator) A selection of wearable device and family orientated mobile phone prepaid plans. Spacetalk Mobile operates on the Telstra Wholesale Network in Australia and AT&T network in the USA. Spacetalk Mobile Spacetalk Spacetalk INVESTOR PRESENTATION 3 spacetalk.co Spacetalk Product Overview Spacetalk’s approach engages families early and is designed to retain them for life Spacetalk acquires families as customers earlier than rivals, and creates generational lifetime value, from growing up to growing old. Spacetalk App 1.5 was the first step in enabling customer acquisition without hardware sales and extending customer lifetime value beyond the use of wearable devices. *Adventurer 2 only Loop Wearable Adventurer 2 Wearable Kids safety 4G phones in a wearable device. Features include video calling*, talk and text, GPS location awareness, school mode, no internet browsing or social media, emergency SOS, and tough Gorilla glass. Spacetalk App Life MPERS Wearable Spacetalk Mobile Seniors and workers 4G mobile personal emergency response system (MPERS) wearable that automatically detect falls, connects to 24/7 monitoring providers, calls SOS contacts, provides GPS location data and allows talk and text. Spacetalk Mobile is a Virtual Network Operator (MVNO) that operates on the Telstra Network and delivers a range of wearable device and family orientated mobile phone pre-paid plans that connect Spacetalk wearable devices, and mobile phones for the whole family. The Spacetalk App 1.5 connects family smart phones or Spacetalk wearable devices, enabling customers to locate family members, and communicate with them at any time. Safety features include restricting who can contact kids on their wearables devices and setting emergency call lists for SOS alerts. Spacetalk App 2.0 will enable customer acquisition without reliance on hardware and extend customer lifetime value beyond use of wearable devices. INVESTOR PRESENTATION 4 spacetalk.co On Track to Deliver Guidance and Sustainable Business Operations In 2026 Simon Crowther, CEO & MD Joined February 2023 Simon is a serial entrepreneur and CEO with 20 years of commercial success in the technology sector. Simon had his first profitable exit in 2000 which paved the way for increased leadership roles and exits in subsequent years. Simon was CEO with AirMap, Managing Director with Yamaha Motor Ventures & Laboratory Silicon Valley and CEO of Nearmap (ASX:NEA) which he led as a public company and built into a leading geospatial and data analytics business. I am excited by the progress we have made over the last 12 months. We continue to execute on our strategy established in May'23. Spacetalk has been through an end-to-end business transformation process. The final step is the launch of an all-new platform and 2.0 app and brand that will drive subscription revenue and achieve sustainable business operations in 2026. I believe this to be the most important achievement for the company to date. For the first time we will have a scalable platform and world class software experience to drive ARR and deeper user engagement. The organisation has been right sized and restructured to deliver growth and innovation whilst effectively managing costs. The result is the turnaround of a $14m+ annual loss and a cash generative business model that grows exponentially over time to deliver $2025m ARR in 2026. The business is well positioned to own a valuable niche in a global context - family safety at every stage of life. INVESTOR PRESENTATION 5 spacetalk.co From Transformation to Growth We have successfully reset and refocused the business and are now ramping up and scaling February 2023 July 2023 Spacetalk is a wearables enabled software subscription and Mobile Virtual Network Operator (MVNO) business Spacetalk was a consumer electronics hardware business Reset August 2024 Refocus Spacetalk is focused on market development and geographical growth Ramp Up On track to deliver $20m-$25m* ARR business in 2026 *Excludes device sales INVESTOR PRESENTATION 6 spacetalk.co We Have Made Significant Progress Executing Our FY25 Growth Strategy Setting Us Up for FY26 Q2FY25 We continue to execute and achieve significant milestones while operating a very lean business. New technology infrastructure and Spacetalk App v2.0 will underpin growth in CLTV and enable scale without reliance on hardware. Our growth strategy includes scaling our core business through capital light geographical market expansion with existing products, and the development of new products for existing markets. Seniors’ predicative analytics product innovation will use existing resources and capabilities to drive market development and future global growth in a valuable new sector. 2H25 Seniors’ predictive analytics POC complete to TRL4. Ecommerce soft relaunch of US and UK markets. Ecommerce led geographical market expansion, now selling in 16 countries Spacetalk Mobile international expansion live in the UK Spacetalk App 1.5 launched as interim update. Ramp Up FY26 Scale Progress development of new kids’ & seniors’ hardware, including N.Am variants# Spacetalk 2.0 new tech stack and v2.0 of Spacetalk App live# Seniors’ predictive analytics software MVP pilots#* Spacetalk Mobile live in six countries= New Releases On track to deliver $20m-$25m* ARR business in 2026 *Excludes device sales #In development | *Subject to regulatory review | =MVNE and MNO dependent INVESTOR PRESENTATION 7 spacetalk.co To Build a Sustainable Business We Focus on Doing the Basics Well New Products Successful delivery of Core > Horizon 2 Initiatives Delivers a Sustainable Business and $20M+ ARR in 2026. Adjacent Products Existing Products Horizon 3 Growth Enablers Completed by end H2FY25 10. Next - New Seniors and Kids ‘Strap’ Device* 11. Next – ‘Sibyl’ Seniors Predictive Analytics SaaS* Operations A. Complete - Replace Cin7 ERP B. Complete - Build global logistics & repair network + same day delivery C. Complete - Replace Customer Support (CS) Knowledge Base D. Complete - Create CS Training E. Complete - Select AI CS Platform F. Complete - Select global BPO CS partner Horizon 2 5. Underway - New RoW Next Gen Kids Watch# 6. Underway – New N.Am Kids Watch# 7. Next - New Spacetalk Smartwatch Apps (Apple & Samsung) 8. Underway - Spacetalk Mobile Germany= 9. Underway - Spacetalk Mobile Sweden= Horizon 1 1. Underway - New Spacetalk Spaces App# 2. Complete - Spacetalk Mobile UK= 3. Complete - Spacetalk Mobile US Handset Plans= 4. Paused - Spacetalk Mobile NZ= eCommerce I. Complete - Ground up rebuild of global Amazon stores J. Complete - New build of global Shopify stores People & Cost Base K. Complete - Reduced head count from ~50 to 25 L. Complete - Offshored Customer Support and Finance Support M. Complete - Higher quality talent hired replaced planned attrition Core 0. Int’l Sales Existing Markets # Technology G. Complete - Re-platform core products systems (move Azure to AWS) H. Complete - Rebuilt architecture enabling new App and SaaS products Adjacent Markets New Markets In development | *Subject to regulatory review | = MNO or MVNE partnership dependent & subject to viability assessment INVESTOR PRESENTATION 8 spacetalk.co Focus on Executing Our Strategy – Measurable Goals and Progress Product Progress › Complete: Gain certification for Loop and Adventurer 2 devices in new regions. › Complete: Develop and scale new standalone Spacetalk App v1.5 to enable customers to continue to use Spacetalk products as kids ‘age out’ of Spacetalk devices. NB: App v1.5 is an interim update that is limited in functionality by legacy technology infrastructure. App 2.0 will be built on a new tech stack which will enable significantly richer features and enhanced customer experience. › POC Complete: Develop first interactive AI product. Ongoing › Complete1: Begin development for next generation seniors’ wearable device. › Underway (Q1FY26): Rebuild product and data technology architecture (Spacetalk 2.0). › Underway (Q1FY26): Develop and scale new Spacetalk App (v2.0) on new architecture. › Underway (Q4FY261): Develop first AI predicative analytics product (POC for providers) for seniors. TRL3/4 Complete. › Underway (Q1FY272): Develop US compatible kids’ wearable device. › Underway (Q1FY273): Development of next generation kids’ wearable device. › Next: Apple & Samsung watch apps allowing Spacetalk App v2.0 connection. (Estimated Delivery Dates) (Estimated Delivery Dates1) Varied due to regulatory inputs and sellout of Life device (Estimated Delivery Dates2) Varied due to availability of Adventurer 1 inventory in N.Am (Estimated Delivery Dates3) Varied due to extension of Adventurer 2 device EOL components Complete1: Completed since H1FY25 Updates Complete2 : Completed development, staged optimisation underway with refreshed brand Growth Progress › Complete: Launch reconditioned handset / Spacetalk Mobile bundles. Selling in 11+ Countries By EOFY25 (Complete1) › Complete1: Phased UK market re-entry and European ecommerce led market entry into selected markets. › Complete: App pricing review and reset. Growth Enablement › Complete1: First Asia ecommerce led market entry: Singapore. › Complete1: North America ecommerce led market re-entry into Canada; Reset of US ecommerce sales channels. › Complete1: Rebuild or replace central technology systems (e.g. Cin7; ++). › Complete1: Reset Amazon webstores globally. › Complete2: Reset Shopify webstores globally. › Complete1: Same day delivery Sydney Metro. › Paused: Scale Australian seniors’ sales via channel partner** › Underway: Drive ecosystem sales through to acquire ‘Families with four products’ and maximise CLTV. › Exploration: MNO partnership for Spacetalk App v2.0. › Underway: Scale Spacetalk Mobile US. › Complete1: Spacetalk Mobile launch in UK# › Paused: Spacetalk Mobile launch in NZ#* › Underway (Q2FY26): Spacetalk Mobile launch in Germany# › Underway (Q2FY26): Spacetalk Mobile launch in Sweden# #MNO or MVNE partnership dependent › *Paused as result of unfavourable viability assessment with MVNE. Additional MVNO territory being considered **Paused as sellout of final EOL Spacetalk Life watches is completed via ecommerce channels INVESTOR PRESENTATION 9 Spacetalk Product Suite & Market Opportunity spacetalk.co spacetalk.co Kids Wearables Parents choose Spacetalk for a range of reasons: Spacetalk kids wearables solve the practical challenges of parenting and provide peace of mind Loop Features: Connectivity before kids are old enough for a phone › User by kids that are too young for their first phone, but need to stay in contact as they grow up › ANZ, EU and Asia telco network compatible (locked to Spacetalk Mobile in Australia) Independence and peace of mind › Kids build confidence and independence without worry › Calls & SMS restricted to known contacts Safe Zone & Location › Parents always know where their child is and automated safe zones alerts mean no need to monitor the Spacetalk app to be reassured a child has reached home, school or public transport School Mode › Time or location linked School Mode restricts non-essential functionality and removes distractions in the classroom, meaning Spacetalk devices are often accepted where mobile phones are not Control over who can contact › Parents control who can call or text their child, meaning no spam calls or messages › No internet access › Soft locked to Spacetalk Mobile network in Australia › Precise GPS, WIFI & Mobile geolocation › HD Video calling (Adventurer 2 only) › Secure messaging › SOS button & auto call to emergency contacts › Heart rate and movement sensors › Feelings and emotions wellbeing updates › Changeable straps, screen protectors and charging dock accessories No internet browsing › No browser means no distractions and no inappropriate content No social media › No inappropriate influences and no cyber bullying › See They’re OK Adventurer 2 Kid proof › High build quality is superior to competitors INVESTOR PRESENTATION 11 spacetalk.co Adult Wearables Seniors and their families choose Spacetalk for a number of reasons: Spacetalk Life wearables address many safety concerns for seniors and at risk workers Life Government Funding › 100% funded* by NDIS and Commonwealth Homecare Support Programme (CHSP) Works inside and out › Being a MPERS (mobile personal emergency response system) device the Life wearable provides protection anywhere there is a Telstra Wholesale network coverage › Better than home based PERS systems that have limited range from a base station No ‘victim shaming’ › Pendant devices are obvious and can make seniors feel like victims. Wearables blend in and don’t carry the same stigma Fall detection › Automated fall detection means the alarm will always be raised even if a person cannot activate an SOS alert Easy of use › SOS calls are one button press away, and location is shared instantly, whether at home or out and about Quality › Life mobile personal emergency response (MPERS) device is designed to meet AS4607 › Quality of build is superior to competitors *subject to eligibility Employers choose our Life wearable device because of reliability and versatility: › Peace of mind for workers, employers and families that lone worker falls will be automatically alerted, or a worker under duress can trigger SOS with one button press › APIs available for monitoring and employer software integration Features: › 4G mobile phone in a wearable device › Automatic fall detection › Precise GPS, WIFI & Mobile geolocation location › SOS button & auto call to emergency contacts or 24/7 monitoring call centre › Step count and movement sensors › Option to restrict Calls & SMS to known contacts › API integration available INVESTOR PRESENTATION 12 spacetalk.co Spacetalk App 1.5 Consistently High Apple App Store Rating The Spacetalk App has been downloaded over 500,000 times and scores 4.6 out of 5 stars from 3,200+ ratings. At the centre of the product ecosystem our app is the heart of the Spacetalk customer experience. Parents Use the app to connect to Spacetalk wearable devices, enabling users to locate family members and communicate with them at any time. Seniors Family Members Use the app with adult privacy settings to passively monitor wellbeing and receive SOS alerts. Features › Location awareness › HD Video and voice calling › Secure messaging › Navigate to family members › Safe zones and alerts › Wearable SOS notifications › In App SOS function › Emergency and approved contacts › Health and wellbeing Seamless Integration Any mobile phone can connect providing seamless integration for the whole family, young and old. INVESTOR PRESENTATION 13 spacetalk.co Spacetalk Mobile Connects Whole Families Plans connect Spacetalk wearable devices and connect kids when they get their first phone Spacetalk Mobile is a Mobile Virtual Network that operates on the Telstra Wholesale Network and delivers a range of wearable device and family orientated mobile phone pre-paid plans. Spacetalk Mobile SIM cards can be removed from wearable devices and inserted into mobile phones as kids age out of their Spacetalk wearables, retaining customers and growing ARPU and CLTV. Our Wearable Plans provide affordable, reliable, connectivity for customers using Spacetalk devices. Handset Plans are competitive physical and eSIM products that extend our customer value proposition beyond the 6-12 age group that typically use Spacetalk wearables into tweens and teens using their first phones, and parents and family members seeing value oriented 4G and 5G plans. Spacetalk Mobile is now live in Australia, USA and UK. INVESTOR PRESENTATION 14 spacetalk.co Go to Market Spacetalk has an established and growing network of channel partners Channel In addition to physical channels, investment into a new Shopify 2.0 platform, and Amazon set up, have enabled Spacetalk’s up rapid ecommerce scale. Ongoing investment in optimising and applying customer data, enabled by Spacetalk 2.0 will deliver a step change in customer acquisition and retention across all hardware and software products. Selected Partners Retailers Distributors Telcos Ecommerce INVESTOR PRESENTATION 15 2.0 is Our New brand | New platform | New app | New growth Coming September 2025 spacetalk.co Spacetalk 2.0 is designed to be a growth and retention flywheel Watch Plan Watch Kids Health and Safety Wearable Wearable Plan App We’re redefining our core to create a compelling value proposition centred around Spaces. Older people Mobile plan Tweens App Spaces are our user experience foundation for family members, friends, health and age care providers or any other group connect. Spacetalk 2.0 transitions Spacetalk from a hardware device centric business to a people centric software business – supported, but unconstrained by our current wearable offerings. Watch Mobile plan Sandwich Parent Mobile plan App Mobile plan Teens Young Adults App Mobile plan App INVESTOR PRESENTATION 17 spacetalk.co Introducing Spacetalk 2.0 › Connects users on any handset › Completely redesigned home page for Spaces › Slick onboarding flow to drive a network effect › Seamless way to manage and upgrade mobile plans › Beautiful design system that delivers a premium user experience › Apple and Samsung Watch connection coming soon All screens and content are illustrative only INVESTOR PRESENTATION 18 spacetalk.co Future Customer Insight Data & messaging will include: › Location › Family construct › Behaviours › Connections › Devices › Carriers › App usage and engagement › In-app messaging and push messaging, right touchpoint, right person, right moment All screens and content are illustrative only INVESTOR PRESENTATION 19 spacetalk.co Our future is... Software-led, hardware enabled, subscription based We have rebuilt our technology stack from the ground up to provide a world class foundation upon which to innovate INVESTOR PRESENTATION All screens and content are illustrative only 20 spacetalk.co Our proposition is evolving at a rapid pace... Software-led strategy and a new focus on B2B products and value propositions that complement our B2C business The Spacetalk app is designed to deliver a strong family safety proposition, maximise customer lifetime value, build a database of whole families and enable deep customer insight INVESTOR PRESENTATION 21 spacetalk.co …but our core values remain the same... Commitment to safety, freedom and innovation Families are our end users, and we deliver safety at every stage of life INVESTOR PRESENTATION 22 spacetalk.co …as does our commitment is to those who matter most… Customer (and User)first approach The original Spacetalk app has been downloaded over half a million times connecting over 1.3 million trusted contacts to keep families safe INVESTOR PRESENTATION 23 spacetalk.co …enabling Spacetalk to deliver and capture lifetime value. Focus on Platform evolution and long-term customer engagement Spacetalk acquires whole families as customers and seeks to engage and retain them across generations INVESTOR PRESENTATION 24 spacetalk.co What’s coming... What does safety, independence and peace of mind mean at each stage of life? Kids Older people Tweens Sandwich Parent Young Adults Teens INVESTOR PRESENTATION 25 spacetalk.co Oli, 8 Kids <10 Busiest member of a Melbourne household Watch Plan Watch MISSION Dimensions of Safety Bike to school without a parental shadow INVESTOR PRESENTATION 26 spacetalk.co Ruby, 11 Tweens 10-13 Starting year 6, wants her “own phone” App Watch Plan Watch Phone Plan MISSION Dimensions of Safety Group-chat with friends on the weekend All screens and content are illustrative only INVESTOR PRESENTATION 27 spacetalk.co Rosie, 15 Teens 13-16 Social power user, happy with a silent safety net App Mobile Plan MISSION Dimensions of Safety Day trip to the beach, check in on her terms All screens and content are illustrative only INVESTOR PRESENTATION 28 spacetalk.co Ava, 50 Parents COO of the household (and her company) Mobile Plan App Dimensions of Safety MISSION Keep three generations safe with a glance All screens and content are illustrative only INVESTOR PRESENTATION 29 spacetalk.co Jane, 76 Older people 65+ Fiercely independent master gardener App Wearable Plan Wearable Phone Plan MISSION Dimensions of Safety Garden before lunch, no worries about a fall Illustrative example device INVESTOR PRESENTATION 30 Financial Highlights INVESTOR PRESENTATION 31 spacetalk.co Financial Performance Highlights FY25 results demonstrate continued growth FY25 FY24 Change Total income ($m) 20.1 17.9 12% Revenue from continuing operations ($m) 19.6 17.5 12% Gross Profit from continuing operations ($m) 9.7 8.6 13% GP margin ( % ) 50% 49% 1ppts Annual Recurring Revenue ($m) 12.1 9.7 25% Recurring revenue mix (%) 57% 53% 4ppts Paying Spacetalk Mobile Subscribers (higher ARPU than App) 44.4k 30.9k 44% Adjusted EBITDA ($m)* (1.9) (4.4) (57%) *See Adjusted EBITDA reconciliation in Appendix. INVESTOR PRESENTATION 32 spacetalk.co Device Revenue Expanding device footprint to drive recurring revenue Device Sales Growth # Device unit sales increased 10% year-on-year, reflecting continued demand and growth in the installed base. Device sales was the primary entry point into the Spacetalk ecosystem, driving initial user engagement and subsequent service adoption. Device Revenue ($) Device revenue increased by 2% to $8.3m (FY24: $8.2m). Growth in unit sales was offset by a lower average selling price, reflecting a greater proportion of sales of the budget Loop model, as well as clearance sales of the previous generation Adventurer 1 watch at discounted prices. ‘000 FY25 FY24 % #Device sales 49.5 45 10% Device revenue 8,313 8,186 2% Device gross profit 2,587 2,595 - Gross profit (%) 31% 32% Gross Profit Increase The gross profit margins held steady in FY25, with a slight decrease by 1 ppts to 31%. INVESTOR PRESENTATION 33 spacetalk.co Recurring revenue App Revenue Total user base provides monetisation runway Stable app user base Total active app users in Australia remained consistent year-on-year, reflecting a stable user base. However, our strategic focus has been on migrating users to mobile subscriptions, which offer higher revenue per user (RPU), greater gross profit per user, and longer lifetime value. Opportunity in nonpaying app users The base of non-paying app users presents a significant future revenue opportunity as we continue to enhance features and introduce monetisation strategies. Gross profit margin App gross margin decreased to 70%, reflecting the impact of fixed platform costs, which do not scale directly with revenue. As app revenue moderated due to bundling with the higher-ARPU mobile offering, margins compressed. However, at 70% the margin remains strong and highlights the inherent profitability of the app business. Post year end, the company plans to transition to the AWS platform, which is expected to provide improved operating leverage and scalability going forward. ‘000 FY25 FY24 % #Total App Users (active past 6 months) 85.8 84.7 1% #Paying App Users 23.5 36.0 (35%) App revenue 2,411 2,882 (16%) App gross profit 1,687 2,216 (24%) Gross profit (%) 70% 77% INVESTOR PRESENTATION 34 spacetalk.co Recurring revenue Mobile Revenue Strong subscriber growth and revenue expansion in Spacetalk mobile Subscriber growth The number of paying mobile subscribers grew by 44% from 30.9K in FY24 to 44.4K in FY25. This substantial increase reflects the success of our mobile service offerings and the effectiveness of our customer acquisition strategy. Stable gross profit margin Despite the rapid expansion, our gross profit margin of 52% in FY25 indicates our ability to maintain profitability while scaling our mobile business. The consistent margin underscores the efficiency of our mobile operations and the potential for future profitability as we continue to expand. Revenue surge Spacetalk mobile revenue saw a 54% increase, rising from $4.5M million in FY24 to $7.0M in FY25. This growth demonstrates the scalability of our mobile services and their contribution to the company’s overall recurring revenue base. ‘000 FY25 FY24 % Paying mobile subscribers 44.4 30.9 44% Spacetalk mobile revenue 6,957 4,523 54% Spacetalk mobile gross profit 3,633 1,984 83% Gross profit (%) 52% 44% Foothold for increasing lifetime value This growth in mobile subscribers provides a solid foundation for our strategy to enhance the lifetime value of families in our ecosystem. By expanding services, we create more touchpoints and opportunities to enhance customer loyalty and long-term value. INVESTOR PRESENTATION 35 spacetalk.co Driving Revenue & Engagement Through Strategic Mobile Expansion Enhancing customer value and ecosystem integration Introduction and success of Spacetalk mobile Higher RPU and profitability Spacetalk Mobile has significantly enhanced our ecosystem, with paying mobile subscribers increasing from 30.9k in FY24 to 44.4k in FY25. New mobile subscribers received the app for free, boosting overall customer value and engagement within the Spacetalk ecosystem. Our RPU and profitability per consumer are higher with mobile subscriptions. By offering multiple Spacetalk products (hardware, mobile, and app) within our ecosystem, we enhance customer loyalty and increase the lifetime value of our customers. Active App Users - AU 44% 100.0 90.0 While our customers continue to use our app, we've strategically shifted to billing through mobile subscriptions. This approach not only aligns with our goal of enhancing customer lifetime value but also strengthens our mobile subscriber base. 84.7 85.8 85.8 85.6 70.0 85.4 60.0 44.4 86.0 80.0 48.7 50.0 62.3 85.0 84.8 30.0 84.6 36.0 10.0 30.9 85.2 40.0 20.0 Strategic integration of mobile billing Paying mobile subscribers 14.7 84.4 23.5 - 84.2 84.0 FY24 FY25 FY23 FY24 FY25 Other Active APP Users Paid App Users INVESTOR PRESENTATION 36 spacetalk.co Recurring revenue School Revenue Stable gross profit margins Number of schools The number of schools utilising Spacetalk services declined by 45% to 606 at the end of FY25 (FY24: 1,102), as state governments continued to progressively insource these services. The reduction was more pronounced in H2 FY25, with subscriptions declining from 840 at mid-year to 606 by year end. School revenue In spite of the decline in the number of school subscriptions, revenue grew by 2% to $1.9m in FY25, primarily due to increases in SMS usages by the schools user base. FY25 FY24 % 606 1,102 (45%) Schools revenue 1,866 1,830 2% Schools gross profit 1,759 1,761 - Gross profit (%) 94% 96% Schools (#) ‘000 Gross margins Gross margins remained strong at 94% albeit a marginal decline from FY24 margin of 96%. INVESTOR PRESENTATION 37 spacetalk.co Spacetalk Recurring Revenue Streams Focus on building a strong recurring revenue model revenue streams App Subscriptions: ($2.2M) The app enhances device functionality, driving user engagement and increasing recurring subscription revenue. This creates a reliable revenue stream, helping to secure long-term financial stability. School Business – SMS & Licensing Fees: ($1.9M) We generate additional recurring revenue from schools through SMS services and licensing fees, contributing to a diversified revenue stream that supports sustained growth. ARR ($m) Expansion with Mobile Subscriptions: ($8.0M) Spacetalk Mobile offers higher Average Revenue Per User (ARPU) and extends customer lifetime value. It also opens opportunities to sell additional products not attached to wearables, further enhancing the revenue potential from our existing customer base. Focus on Recurring Revenue & Strategy Success Our strategic focus on subscription-based services is yielding positive results, with Annual Recurring Revenue (ARR) growing from $5.2M in FY21 to $12.1M in FY25. This consistent growth highlights the effectiveness of our strategy in building a stable and predictable revenue model, supporting our long-term business objectives. 12.1 9.7 8.4 6.3 5.2 2.8 3.8 2.4 3.5 2.2 1.9 2.0 8.0 2.3 5.3 2.4 2.5 2.6 FY 21 FY 22 FY 23 Spacetalk Mobile FY 24 Schools FY 25 App INVESTOR PRESENTATION 38 spacetalk.co Spacetalk Revenue and Gross Profit Summary Strong recurring revenue growth Revenue growth Overall revenue increased by 12%, from $17.5M in FY24 to $19.6M in FY25, driven by strong performance in mobile and device segm