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F E L I X G R O U P H O L D I N G S L T D Investor Presentation ASX : FLX 01 FY26 results 02 New strategy 03 Equity Raising September 2026 1
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FY26 Results & Investor Presentation The following important notice and disclaimer applies to this investor presentation (Presentation) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. This Presentation has been prepared by Felix Group Holdings Limited (Felix) and is dated Thursday, 24 September 2026. This Presentation has been prepared in relation to the following: a) an institutional placement (Placement) of new fully paid ordinary shares in Felix (New Shares) to certain institutional and sophisticated investors in Australia under section 708A of the Corporations Act 2001 (Cth) (Corporations Act), certain institutional and professional investors in New Zealand, Hong Kong, Singapore, the United Kingdom and “institutional accredited investors” (within the meaning of Rule 501(A)(1), (2), (3), (7), (8), (9) or (12) under the US Securities Act) in the United States; and b) an offer of New Shares under a share purchase plan (SPP) to be made under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547. (the Placement and SPP are together, the Offer). For the purpose of this Important Notice and Disclaimer, the term Affiliate includes the shareholders of an entity, as well as the entity's respective advisers, affiliates, related bodies corporate, directors, officers, partners, consultants, employees and agents. General information only – This Presentation contains general background and summary information about Felix as at its date. It does not purport to and should not be considered to be comprehensive and does not include all information a shareholder or potential investor may require to make an investment decision, nor does it contain all the information which would be required in a disclosure document prepared in accordance with the Corporations Act. It should be read alongside Felix’s latest financial reports and continuous disclosure information released to the Australian Securities Exchange (ASX), available at www.asx.com.au. Information and opinions in this Presentation should not be relied upon. Felix is under no obligation to correct the content of this Presentation, except as legally required. The content is based on available information, including third-party sources, and has not been independently verified. Not an offer, financial, product or investment advice -This Presentation is not a prospectus, disclosure document, product disclosure statement, or other offering document under Australian law or any other jurisdiction, and it will not be lodged with the Australian Securities and Investments Commission (ASIC) or any foreign regulator. It is for informational purposes only and does not constitute an offer, solicitation, recommendation, or inducement to subscribe for, buy, or sell any securities, including Felix shares, in any jurisdiction. Nothing in this Presentation constitutes financial product advice, or any other form of advice including legal, tax, or investment advice, nor does it constitute a recommendation. It does not consider the investment objectives, financial situation, or needs of any particular investor. It is not intended to be relied upon as advice and does not form part of any contract or commitment to acquire shares in Felix. Before making an investment decision, you should assess the suitability of the information having regard to your own circumstances and seek appropriate professional advice. Felix nor their Affiliates are licensed to provide financial product advice in respect of Felix shares. Recipients this Presentation should conduct their own independent enquiries into the information contained in this Presentation, including any assumptions, risks, and uncertainties that may affect Felix’s future operations and performance. Any decision to participate in the SPP must be based solely on the separate Offer Booklet, which will be made available after lodgement with the ASX. I M P O R T A N T N O T I C E & D I S C L A I M E R 2
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FY26 Results & Investor Presentation Eligible shareholders wishing to participate in the SPP should read and consider the Offer Booklet before deciding whether to subscribe for and purchase New Shares under the SPP and follow the instructions therein and in the accompanying Application Form. Anyone wishing to subscribe for New Shares under the SPP must follow the instructions set out in the Offer Booklet and the accompanying Application Form. This Presentation and its contents are provided on the basis that recipients will not deal in the securities or the financial products of Felix in breach of applicable insider trading laws. Investment risk - An investment in Felix shares involves known and unknown risks, including the potential loss of income or principal, some of which are beyond Felix’s and its directors’ control. Neither Felix nor its Affiliates guarantees any return, performance, or tax treatment. You should consider the risk factors outlined in pages 28 -33 (inclusive) (Key Risks) of this Presentation, in light of your own financial objectives, circumstances, and needs. Independent professional advice should be sought from a stockbroker, solicitor, accountant, financial adviser, or tax adviser before making any investment decision. Cooling off rights do not apply to the acquisition of New Shares. Financial data - Unless otherwise stated, all dollar values in this Presentation are expressed in millions of Australian dollars (A$ million). Figures, estimates, and percentages may be subject to rounding, and actual calculations may differ slightly. You should note that this Presentation contains historical financial information for each of Felix for the financial year ended 30 June 2026 based on unaudited management accounts, released to the ASX on 31 August 2026 (Unaudited Management Accounts). These Unaudited Management Accounts remain subject to audit. This Presentation also provides forward guidance relating to revenue growth in FY27, see page 26. The Directors consider that there is a reasonable basis for such forward financial information and that such financial information complies with ASIC Regulatory Guide 170. This information must, however must be considered in light of the assumptions, Key Risks contained in pages 28 -33 (inclusive) and the disclaimer around forward looking statements outlined below. The financial information in this Presentation is presented in an abbreviated form insofar as it does not include all of the presentation and disclosures required by the Australian Accounting Standards (AAS) and other mandatory professional reporting requirements applicable to general purpose financial reports prepared in accordance with the Corporations Act. You should consider the basis of preparation and assumptions underlying the financial information contained in this Presentation. All financial information disclosed in this Presentation are on a post AASB-16 basis. You should be aware that certain financial measures included in this Presentation are ‘non-IFRS financial information’ under ASIC Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC, and are not recognised under AAS and International Financial Reporting Standards (IFRS). The non-IFRS financial information include any information relating to ARR, ACV and 'annualised numbers' (including Enterprise, Marketplace and Nexvia, sales and pipeline), gross margin and any data relating to platform activity and customers. Such non-IFRS financial information financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non-IFRS financial information may not be comparable to similarly titled measures presented by other entities, and should not be construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Although Felix believes these non-IFRS financial measures provide useful information in measuring the financial performance and condition of its business, you are cautioned not to place undue reliance on any non-IFRS financial information included in this Presentation. Past performance - Past performance, including Felix’s historical or pro forma financial results and share price performance, is provided for illustrative purposes only and is not a reliable indicator of future outcomes. No assurance is given that any financial product or service will achieve targeted returns, meet asset allocations, or deliver on its investment strategy or objectives. Nothing in this Presentation, or any information made available, constitutes or should be relied upon as a promise, representation, warranty, or guarantee of past, present, or future performance. I M P O R T A N T N O T I C E & D I S C L A I M E R ( C o n t i n u e d ) 3
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FY26 Results & Investor Presentation Forward looking statements – This Presentation contains forward looking statements, including projections, earnings guidance, potential synergies, and expectations regarding the future performance of Felix. These may be identified by words such as “anticipate”, “expect”, “should”, “could”, “may”, “predict”, “plan”, “project”, “will”, “believe”, “opinion”, “forecast”, “aim”, “estimate”, “outlook”, “guidance”, “potential”, “target”, “likely”, “intend”, “propose” and similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward looking statements. These statements are not guarantees of future performance and should not be relied upon as such. Actual results may differ materially due to various assumptions, uncertainties, and risks, including the success of Felix’s strategies. Nothing in this Presentation represents a promise or assurance of future outcomes. Forward-looking statements are based on information available as of the date of this Presentation. Except as required by law (including under the ASX Listing Rules), Felix and its Affiliates have no obligation to update or revise them due to new information, future events, or otherwise. No representation or warranty is made regarding the accuracy, likelihood of achievement, or reasonableness of any forward-looking statements. Investors are strongly cautioned not to place undue reliance on these statements. Nothing in this Presentation is a promise or representation as to the future. Forward looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statement and any projections and assumptions on which these statements are based. These statements may assume the success of Felix's business strategies. The success of any of those strategies will be realised in the period for which the forward looking statement may have been prepared or otherwise. You are cautioned not to place undue reliance on forward looking statements and except as required by law or regulation, and none of Felix or its Affiliates assumes any obligation to update those forward looking statements. No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this Presentation. The forward looking statements are based on information available to Felix as at the date of this Presentation. Except as required by law or regulation (including the ASX Listing Rules), none of Felix or its Affiliates undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward looking statements. Investors are strongly cautioned not to place undue reliance on forward looking statements. I M P O R T A N T N O T I C E & D I S C L A I M E R ( C o n t i n u e d ) 4
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FY26 Results & Investor Presentation Disclaimer - Statements made in this Presentation are made only as at the date of this Presentation. The information in this Presentation remains subject to change without notice. Felix may in its absolute discretion, but without being under any obligation to do so, update or supplement this Presentation. Any further information will be provided subject to the terms and conditions contained in this Important Notice and Disclaimer. To the maximum extent permitted by law, each of Felix, Felix Group, the Lead Manager, and their respective Affiliates exclude and expressly disclaim: a) all duty and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any expenses, losses damage or costs (whether foreseeable or not) incurred by you as a result of your participation in, or failure to participate in, the Offer or the information in this Presentation being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise; b) any obligations or undertaking to release any updates or revisions to the information in this Presentation to reflect any change in expectations or assumptions; and except as required by applicable law or regulation (including the ASX Listing Rules), neither Felix nor its Affiliates have any obligation to provide any additional or updated information, whether as a result of new information, future events or results or otherwise. c) all liabilities in respect of, and make no representation or warranty, express or implied as to the fairness, currency, accuracy, reliability or completeness of information in this Presentation or any constituent or associated presentation, information or material, or the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects or returns (or any event or results expressed or implied in any forward looking statement) contained in, implied by, the information in this Presentation or any part of it, or that this Presentation contains all material information about Felix or which a prospective investor or purchaser may require in evaluating a possible investment in Felix or acquisition of securities in Felix. Trademarks, photographs and diagrams - This Presentation may contain trademarks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, trade names and copyrights referred to in this Presentation may be listed without the © or ® symbols, but Felix asserts, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, trade names and copyright. Photographs, trademarks and diagrams used in this Presentation that do not have descriptions are for illustration only and should not be interpreted to mean that any person shown in them endorses this Presentation or its contents or that the assets shown in them are owned by Felix. Diagrams used in this Presentation are illustrative only and may not be drawn to scale. International selling restrictions - This Presentation does not constitute an offer of New Shares in any jurisdiction in which it would be unlawful. In particular, this Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Any securities described in this document have not been, and will not be, registered under the US Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and any other applicable United States state securities law. The New Shares may not be offered and sold to any person in the United States. The distribution of this Presentation outside Australia is restricted by law and persons into whose possession this Presentation comes should observe any such restrictions, including those set forth in the International Offer Restrictions section of this Presentation. If you come into possession of this Presentation, you should observe such restrictions. Any non-compliance with these restrictions may contravene applicable securities laws. By accessing this Presentation, you represent and warrant that you are entitled to receive such Presentation in accordance with these restrictions and agree to be bound by the limitations contemplated by them. See further International Offer Restrictions on pages 35 and 36 of this Presentation. . I M P O R T A N T N O T I C E & D I S C L A I M E R ( C o n t i n u e d ) 5
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N E W L E A D E R S H I P Proven operators with a focus on execution – to fulfil Felix's potential Dominic O'Hanlon Chairman Chris Atkin CEO Stephen Hunter CFO & Company Secretary Joined February '26 Joined April '26 Joined August '26 Former CEO of Rhipe Chair & NED of multiple ASX & private businesses Directly involved in >$2b of exit valuations >10 yrs in SaaS. Previously CEO of Rezdy Grew from $1m to $30m ARR. Created a group with $300m enterprise value & delivered an exit 9 yrs in SaaS. Former CFO of RedEye Lead role in acquisition by Accruent/Fortive FY26 Results & Investor Presentation 6
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S E C T I O N 0 1 FY26 results Expanding Felix platform scale & creating commercial momentum 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 7
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F Y 2 6 O V E R V I E W $13m Group contracted ARR at 30 June 2026 New Chairman & CEO - new strategy launched AI products in validation stage ~73k vendors active in the last 12 months +38% FY26 revenue YoY 58% FY26 Gross Margin $3.4m Cash & cash equivalents (30 June '26) FY26 Results & Investor Presentation Based on unaudited management accounts which were released to the ASX on 31 August 2026 & remain subject to audit 8
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C O M M E R C I A L M O M E N T U M Enterprise execution strong in Q4 - the best quarter in two years $7.5m Enterprise Contracted ARR at 30 June 2026 Q4 added 7 new customers & 5 expansion deals - in total $495k enterprise ARR E N T E R P R I S E A R RS A L E S ( B Y Q U A R T E R - F Y 2 6 ) Q1 $0.2m Q2 $0.1m Q3 $0.4m Q4 $0.5m $3.7m Nexvia ARR · growing +26% YoY $1.8m Marketplace ARR · growing +3% YoY FY26 Results & Investor Presentation Based on unaudited management accounts which were released to the ASX on 31 August 2026 & remain subject to audit 9
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P L A T F O R M P A R T I C I P A T I O N Increasing connection between Enterprise & Vendor is demonstrated by platform activity Enterprise 80 Customers · FY25 75 11.8k RFQs sent · +27% FY25 89% RFQ Completion · +1pp v FY25 Vendors 73,300 Active LTM · +26% v FY25 587 Paying · June 25 366 30.0k RFQ responses· +23% v FY25 All participation measures grew FY26 over FY25 - the network is already assembled & active. FY26 Results & Investor Presentation Based on unaudited management accounts which were released to the ASX on 31 August 2026 & remain subject to audit 10
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S E C T I O N 0 2 New strategy Moving from closed Enterprise software to an open platform delivering value to Enterprise & Vendor 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 11
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P R O C U R E M E N T I S A N E T W O R K A C T I V I T Y Enterprise & Vendor work together repeatedly - but supporting technology is fragmented & doesn't help to connect them Enterprise Vendors Sourcing Compliance Contracts Projects Vendor data Spreadsheets Enterprise – hard to find & use best supply Vendor knowledge sits across teams & systems. High friction to qualification & assessment of new vendors - hence a default to known vendors Vendors – hard to be discovered & win more work Limited to known relationships as high cost to pursuing work across all possible buyers. Credentials & reputation trapped within the many systems they are forced to use Technology – provide fragmented point solutions Built around single organisations or workflows, not the relationship between enterprise & vendor. Each side has to navigate the gaps through bespoke integrations or offline work The problem: not a shortage of procurement technology but the absence of a common layer connecting participants, data & workflows FY26 Results & Investor Presentation 12
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A C O N N E C T E D P R O C U R E M E N T P L A T F O R M Felix is evolving into an open platform connecting Enterprise, Vendor & the ecosystem around them Enterprise governance portal Includes vendor management & compliance, contract lifecycle management - plus access to the complete platform Further workflow tools Enabling all participants to prepare & work together efficiently, eg Source to Contract, Nexvia Connectivity Vendor identity Single, enduring, verifiable profile providing access to the complete platform Platform intelligence Analysis & insight enabling each side of the network to maximise value from the platform Open participation Reaching beyond any of today's existing individual networks Open capability Not just Felix tools – the best of partner tools too Open connectivity Data & workflows move between partners & the Felix platform ENTERPRISE VENDORS Marketplace Discovery, matching & transacting – fragmented sourcing categories first then strategic procurement Agentic-first partner integrations - ERP, procurement systems & 3rd party data FY26 Results & Investor Presentation 13
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A S I N G L E T R U S T E D O P E N P L A T F O R M Felix will deliver value to every participant – allowing Enterprise & Vendors to access the capabilities they need More Enterprises → More vendor opportunity → More connections → More data & trust → Better outcomes Enterprise more choice, less friction — Broader relevant vendor discovery — Trusted governance & verification — Specialised workflow tools in one platform — External data & intelligence brought into the process Vendor more opportunity, less effort — Discoverable beyond existing customers — Reusable identity, credentials & reputation — Access to more relevant opportunities — Less bidding & administration effort Partner distribution into the network — Access to an established Enterprise & Vendor network — Easy to embed specialist workflows & data — Extend their proposition with Felix network capability — Connect to a common vendor identity & intelligence layer U N L O C K I N G A P O W E R F U L N E T W O R K E F F E C T FY26 Results & Investor Presentation 14
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A I T R A N S F O R M I N G H O W T H E N E T W O R K C A N O P E R A T E NOW - reducing manual effort — Bid analysis & Bid Insights — Vendor assessment — Compliance & verification — Marketplace discoverability — Internal AI productivity FUTURE - network intelligence — Automated verification - credentials, compliance, external information — Smart matching - vendors, Enterprises, requirements & opportunities — Workflow assistance - tendering, sourcing, contracts & administration — Deeper insight - risk, reputation, performance & benchmarks The impact: Reducing friction today while progressively compounding intelligence across the network FY26 Results & Investor Presentation 15
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B A L A N C E D C O M M E R C I A L M O D E L Delivering value & monetising both sides of the network Enterprise Established → Expand Tiered subscriptions for contractors & assets owners - driven by vendor management & workflow tools across the higher tiers Opening up platform to users of 3rd party sourcing tools – providing use of Marketplace & other valuable features Vendor Latent → Activate → Expand A single vendor ID increasing visibility - with tiered access to participation & tooling Covering users of the full platform capability - enterprise & marketplace sourcing as well as workflow tools & platform intelligence Through to ad hoc marketplace users FY26 Results & Investor Presentation 16
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F R O M S T R A T E G Y T O E X E C U T I O N Four workstreams to deliver against our strategy 1 Grow & deepen Enterprise New customer acquisition NRR improvement Module expansion More vendors to work with 2 Activate the Vendor network Define & target the active vendor base Launch packages & pricing Offering more ways to win work Evolve monetisation & value 3 Connect & develop the platform Commercial partnerships first Technical connectivity for AI- enabled workflows Data incorporation 4 Improve Group operating performance Nexvia toward profitability Cost discipline Prioritise product investment Reduce cash burn AI-assisted value Enterprise access to marketplace FY26 Results & Investor Presentation 17
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I N V E S T M E N T C A S E Foundations established - the opportunity is to activate our network Core momentum Improved Enterprise execution exiting FY26 Established scale ~$13m contracted ARR with strong existing Enterprise & Vendor participation levels A network to activate ~73k vendors active across the platform in the last 12 months AI inflection point Unique context, data & trust turned into new platform capability Broader monetisation A clear route to similar levels of Enterprise & Vendor monetisation Capital efficient model The open platform expands capability without Felix building everything The objective: a scaled, profitable platform with strengthening network effects FY26 Results & Investor Presentation 18
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T I E R E D P R I C I N G L E V E L S Offering value to Enterprise & Vendor – to suit their specific needs Est ACV range: Above $130k Full-suite platform access – vendor management/governance; workflow tools, MP & platform intelligence Est ACV range: $25k-$100k Enterprise governance portal – selected platform usage to fit their business requirements Est ACV range: $5k-$25k Marketplace-only PAYG – with some automation & platform intelligence modules available Est ACV range: Above $12k Full-suite platform access – single vendor ID; best opportunity to win work; highest level of automation & efficiency Est ACV range: $6k-$12k Vendor ID as portal to platform capability – selected platform module usage to fit individual vendor needs Est ACV range: $1k-$5k Marketplace-only PAYG – with some automation & platform intelligence modules available The intent: flexible packaging for both enterprise & vendors involved with building, owning, managing & maintaining assets Enterprise Vendors Gold Silver Bronze FY26 Results & Investor Presentation 19
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C O N T I N U E D O P P O R T U N I T Y I N E N T E R P R I S E Strong near-term opportunities - consolidating existing sectors & expanding further Gold Silver Bronze $0.4m $0.7m $0.8m $0.9m $1.4m $2.0m Real Estate Infra Projects Mining Contractor All other sectors Infra Services Resources Owner $0.1m $0.3m $0.4m $0.5m $1.0m $1.1m All other sectors Government Real Estate Infra Services Infra Projects Utility Owner Infrastructure & Utilities depth Smaller Tier 1 infrastructure pipeline due to 75% market share. Upside in Utilities & remaining Tier 1 players, including expansion from current customers Volume across the core base Strong pipeline of smaller Mine Owners. Expanding into Aged Care, Education - with vendor management at the core & Marketplace included In pilot phase Opportunity includes: • Partnering with other workflow providers to offer vendor management &/or Marketplace to their customers • Enabling NXV customers to offer services in Marketplace – by bringing in fit-out searchers • Upgrade existing Marketplace searchers to become Enterprise subscription payers $3.3m of qualified pipeline $6.2m of qualified pipeline $1.1m of qualified pipeline The opportunities detailed above reflects prospects where Felix has had specific contact with a representative within that business and a demonstration request has been received from that business by Felix. The numbers have then been determined by applying an indicative ARR based originally on business size and revenue and then by the more relevant factors of module interest, users and vendor levels. ARR for 5 largest sectors is shown with the remainder in 'all other sectors'. These numbers reflect what Felix considered to be opportunities only, have not been subject to external review, are indicative only and may not eventuate. 20FY26 Results & Investor Presentation
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H Y P O T H E T I C A L V E N D O R O P P O R T U N I T Y ~73k vendors already active in the last 12 months Activation of even this existing base of active Vendors brings a powerful revenue outcome – continued activity levels would only further increase the result Illustrative economics at an average of $299 per vendor per month (our current entry plan) @2.5% 1,833 paying vendors $6.6m annualised @5% 3,665 paying vendors $13.2m annualised @7.5% 5,498 paying vendors $19.7m annualised This assumes the percentage conversion of active vendors (at 2.5%, 5% & 7.5% of the ~73,000 of active vendors) & is determined by multiplying that percentage of active vendors by $299 per month over a 12 month period. An active vendor is a vendor that has either responded to or been approved by an Enterprise or has used the Marketplace in the last 12 months. This information has been provided to reflect the market opportunity based on the possible conversion of active vendors & is not a forecast. 21FY26 Results & Investor Presentation
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S E C T I O N 0 3 Equity Raising With foundations established – Felix's opportunity is to activate its existing ANZ network then unlock expansion & acceleration through a natural network effect 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 22
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E Q U I T Y R A I S I N G S U M M A R Y Funding AI development & network activation to unlock scalable, higher margin revenue • A non-underwritten two-tranche institutional placement to raise A$5.5 million via the issue of 144.7 million new ordinary shares (New Shares) at the Offer Price of A$0.038 per New Share (Placement) comprising: o tranche one to raise A$2.6 million utilizing the Offeror’s available placement capacity under ASX Listing Rules 7.1 and 7.1A (Tranche 1); and o tranche two to raise A$2.9 million, subject to shareholder approval at an annual general meeting (AGM) to be held in November 2026 (Tranche 2). • Separately, and not part of the Placement contemplated by this communication, the Company will offer shareholders in Australia and New Zealand the opportunity to participate in a Share Purchase Plan (SPP) to raise up to an additional $1.0m (before costs) (SPP Cap) at the same price as the Placement. • It is anticipated that following completion of Tranche 2 of the Placement, substantial shareholder, Briarwood Chase Management LLC (Briarwood) will increase its relevant interest in the Company from 15.2% to an amount not exceeding 20%. As a result, Briarwood will be entitled to appoint a nominee director to the Board of the Company. Any such appointment will occur following the 2026 AGM. • Approximately 144.7 million New Shares will be issued under the Equity Raising, representing approximately 48% of Felix’s existing issued capital. No attaching options or other securities will be issued under the Equity Raising. Offer size & structure FY26 Results & Investor Presentation Offer price Participation of the Directors • New Shares under the Placement will be issued at a fixed price of A$0.038 per New Share (Offer Price). • The Offer Price represents: o 6.5% discount to the 10-day Volume Weighted Average Price (VWAP) of A$0.041 per New Share o 11.7% discount to the 30-day VWAP of A$0.043 per New Share • It is anticipated the Directors Dominic O’Hanlon, George Rolleston and Robert Phillpot will also subscribe a total of $1,150,000 in New Shares. • Any participation by Directors in the Placement will be subject to shareholder approval. 23 Lead Manager • Canaccord Genuity is acting as Sole Lead Manager and Bookrunner to the Equity Raising (the “Lead Manager”). Ranking • The New Shares issued under the Placement will rank pari passu with Felix’s existing fully paid ordinary shares from the date of issue. • No attaching options or other securities will be issued under the Equity Raising.
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I N D I C A T I V E T I M E T A B L E W I T HS O U R C I N G & U S E S Funding AI development & network activation to unlock scalable, higher margin revenue FY26 Results & Investor Presentation Event Date (Sydney Time) Trading Halt Thursday, 24 September 2026 Bids due 5:00pm, Thursday 24 September 2026 (APAC) 8:00am, Friday 25 September 2026 (ROW) Confirmation Letters due 5:00pm, Friday 25 September 2026 Trading Halt ends Monday, 28 September 2026 ASX Announcement of Placement and SPP and Trading resumes Monday, 28 September 2026 Settlement of Shares to be issued under the Tranche 1 Placement Friday, 2 October 2026 Issue of SPP Offer Booklet and opening date for SPP Friday, 2 October 2026 Issue of Shares under Tranche 1 Placement Monday, 5 October 2026 Closing date for SPP Friday, 16 October 2026 Issue of Shares under the SPP Thursday, 22 October 2026 Annual General Meeting Monday, 9 November 2026 Settlement of Shares to be issued under the Tranche 2 Placement Friday, 13 November 2026 Issue of Shares under Tranche 2 Placement Monday, 16 November 2026 Sources A$m Placement 5.5 SPP 1.0 Total Sources 6.5 Uses A$m Working capital 6.1 Lead Manger fees & transaction costs 0.4 Total Uses 6.5 1. This timetable is indicative only and dates and times are subject to change without notice, at the discretion of the Company and the Lead Manager. 24
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U S E O F F U N D S Deployed against the four strategic areas. 30% Grow & deepen Enterprise 42% Activate the Vendor network 17% Connect & develop the platform 11% Operating performance S U P P O R T I N G R E S O U R C E S B Y F U N C T I O N 45% Product & Engineering 30% Executive 15% Sales and Marketing 10% Customer Experience FY26 Results & Investor Presentation This excludes funds which will be applied to costs of the Offer. Refer to Slide 24 for further detail on the breakdown of the funds raised 25
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T A R G E T E D E N D O F F Y 2 7 O U T C O M E S Success in FY27 will be defined by achieving 3 outcomes New Vendor product in market The first unified version of a Vendor ID will be available for purchase by vendors in Q4 Achieving targeted paying Vendor ID users at eo June '27 a material shift in paying vendors compared to the past Continued platform activity growth Increasing activity levels between Enterprise & Vendor across the platform is the key to the network effect KPIs will be: • RFQs sent • RFQs responses • Active vendor numbers (LTM) Adding to existing revenue scale Securing new Enterprise customers & renewals – as we develop simpler, more expansive packages & deliver greater benefit Unlocking expansion in Nexvia through new packaging aligned with product development The result: stronger revenue momentum through to FY28 expansion 1,000 vendors +15% activity levels >15% revenue growth1 1. The information on this slide includes forward financial information (Forward Financial Information). The Forward Financial Information has been prepared by Felix based on management best estimate assumptions which relate to future event(s) that Felix expects to occur and actions that Felix expects to take and are also subject to uncertainties and contingencies, which are often outside the control of Felix. While all reasonable endeavours have been made to ensure both the robustness of the assumptions on which the Forward Financial Information is based and that such assumptions (detailed above) are true, complete and accurate, such assumptions are generally future-oriented and therefore speculative in nature. 'Refer to slides 28 to 33 ('Key Risks') for detail on the risks underpinning the FY27 numbers. 26FY26 Results & Investor Presentation
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S E C T I O N 0 3 Key Risks 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 27
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K E Y R I S K S FY26 Results & Investor Presentation Investors and Holders of Felix shares ("Felix Shareholders") should be aware that an investment in Felix involves risks. The key risks identified by Felix and its subsidiaries (Felix Group) are set out below, but these are not an exhaustive list of the risks associated with an investment in the Felix shares (Shares). You should consider these risks carefully in light of your personal circumstances, including financial and taxation issues, before making an investment decision. The following risks (which are some, but not necessarily all of the risks) may affect the future operating and financial performance of Felix and the value of Felix shares. Additional risk and uncertainties that Felix is unaware of, or that it currently considers to be immaterial, may also become important factors that adversely affect Felix's operating and financial performance. Before investing in Felix shares, you should consider whether this investment is suitable for you. Potential investors should also consider publicly available information on Felix (such as that available on the website of Felix and ASX) and carefully consider their personal circumstances and consult their stockbroker, solicitor, accountant or other professional advisor to ensure they understand fully the terms of the investment and the inherent risk before making an investment decision. KEY RISKS ASSOCIATED WITH FELIX'S BUSINESS 1. Software, technology & system related risks The Felix Group relies on the internet, its information and communication networks and systems to process, transmit and store electronic and financial information, to manage a variety of business processes and activities which include client documents, customer and regulator communication, financial management and reporting, database management and compliance with regulatory, legal and tax requirements. If access to the internet, its networks and systems is disrupted or restricted for Felix users, it would adversely impact the Felix Group's ability to provide continuity of service impacting its operations, brand and reputation which may cause customers to cancel agreements or impact the Felix Group's ability to secure new customers. Increased cyber security threats and computer crime pose a potential risk to the security of the Felix Group's information technology systems and databases, as well as the confidentiality, integrity and availability of the data stored on those systems. The loss, theft, or corruption of, or any unauthorised third party access to, the Felix Group's data could render the Felix Group's services unavailable for a period while the data is restored and otherwise adversely impact the Felix Group's operations, the value of the Felix Group's assets, its competitive position, reputation and financial performance. There is also a risk of unauthorised disclosure of users’ data with associated reputational damage, claims by users, regulatory action and fines. Although the Felix Group employs strategies and protections in an attempt to minimise security breaches and to protect data, these strategies and protections might not be entirely successful. In that event, disruption to the Felix Group's services could adversely impact on the Felix Group's revenue, reputation and profitability. Additionally, the loss of client data could have a severe impact on the Felix Group's products and services and, reputation. The Felix Group may be affected by malicious third-party applications that interfere with, or exploit, security flaws in its or its third-party provider's software, infrastructure or services. Viruses, worms and other malicious software programs could, among other things, jeopardise the security of information stored in a customer’s, the Felix Group's or a third-party provider's computer systems or disrupt or shut down the Felix Group's operating system. If the Felix Group's efforts to combat these applications are unsuccessful, or if its software or infrastructure has actual or perceived vulnerabilities, the Felix Group's business reputation and brand may be harmed, which may result in a material adverse effect on the Felix Group's operations and financial position. Additionally, any failure, unscheduled down-time or cyber-attack of the software, services or technology that underpins the Felix Group's platform may cause the Felix Group's failure to meet contractual and service level obligations, unauthorised system use, data loss or integrity issues, integration issues with other systems and third parties, increased costs and damage to its brand and reputation. Under the Notifiable Data Breach (NDB) Scheme under the Privacy Act 1988 (Cth) (Privacy Act), Felix is obliged to report data breaches to, among others, its customers. Under the Privacy Act, Felix may be subject to financial penalties and other enforcement action if such a breach is not reported. 28
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K E Y R I S K S ( C o n t i n u e d ) FY26 Results & Investor Presentation KEY RISKS ASSOCIATED WITH FELIX'S BUSINESS 2. Personnel risk Organisational culture and people are a key strength of the Felix Group. Accordingly, the performance and retention of the Felix Group's senior executives is central to its ongoing financial performance. The loss of any of the Felix Group's key personnel may have an adverse financial impact on the Felix Group. The Felix Group is also dependent on its ability to recruit and retain suitably skilled and qualified personnel for the ongoing implementation of business growth initiatives and strategies. If the Felix Group were unable to recruit such personnel or were unable to retain them and the Felix Group was not able to recruit suitable replacements in a timely manner, this could have a material adverse effect on the Felix Group's business and its ability to execute its growth strategy. Additionally, if key personnel left the business to work for a competitor, this could adversely impact the Felix Group. 3. Funding risk Felix’s banking facilities require Felix to operate its business within facility limits and certain covenants that have been agreed with Felix’s financiers. There is a risk that financial underperformance may require concessions to be sought from Felix’s financiers or access to additional funding by way of subordinated debt or equity. Financial underperformance may impede the ability of Felix to secure refinancing at competitive rates following expiry of current facility terms, compounding these issues further. If Felix fails to maintain its current creditworthiness, this could adversely affect Felix’s cost of funds and related margins, competitive position and its access to capital and funding markets. This could adversely affect Felix’s businesses, tenders for new contracts, financial performance, liquidity, financial condition and prospects. The extent and nature of these impacts would depend on various factors, including the extent of any change in creditworthiness, whether the creditworthiness of Felix differs among credit funding providers and whether any creditworthiness changes also impact Felix’s peers. 4. Intellectual property risk A key component of the Felix Group's business model is dependent on its ability to offer new and existing customers and users proprietary digital software solutions and technology that provide the requisite functionality, advantages over alternative solutions and value for money. If the Felix Group fails to update its solutions to meet evolving customer and user needs, there is a risk it may lead to performance issues, a decrease in client satisfaction and potentially a loss of customers and users. If the Felix Group is unable to obtain these licences on reasonable terms at a reasonable cost, it could encounter delays in product introductions and loss of substantial resources while it attempts to develop alternative products. 5. Infringement of third party intellectual property rights If a third party accuses Felix of infringing its intellectual property rights or if a third party commences litigation against Felix for the infringement of patents or other intellectual property rights, Felix may incur significant costs in defending such action, whether or not it ultimately prevails. Typically, intellectual property litigation is expensive. Costs that Felix incurs in defending third party infringement actions would also include diversion of management's and technical personnel's time. In addition, parties making claims against Felix may be able to obtain injunctive or other equitable relief that could prevent Felix from further developing discoveries or commercialising its products. In the event of a successful claim of infringement against Felix, it may be required to pay damages and obtain one or more licenses from the prevailing third party. If it is not able to obtain these licenses at a reasonable cost, if at all, it could encounter delays in product introductions and loss of substantial resources while it attempts to develop alternative products. The Felix Group does not believe that its activities infringe any third-party’s intellectual property rights. To date, no third-party has asserted this. 29
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K E Y R I S K S ( C o n t i n u e d ) FY26 Results & Investor Presentation KEY RISKS ASSOCIATED WITH FELIX'S BUSINESS 6. Infringement of intellectual property rights by a third party The Felix Group's current methods to protect its intellectual rights may not prevent the misappropriation or development of similar products by others. Competitors may gain access to the Felix Group's technology which could harm its business, operations and financial performance. No assurance can be given that the value of the Felix Group's intellectual property rights will be completely protected or that the Felix Group will be able to maintain its competitive position by the legal protection afforded by a combination of copyright, trade secrecy laws, patent laws, confidentiality and other intellectual property rights. There can be no assurance that third parties or employees will not breach confidentiality agreements, infringe or misappropriate the Felix Group's intellectual property or will not be able to produce a non-infringing competitive product or service. Furthermore, no assurance can be given that third-parties will not challenge the ownership by, or the rights of, the Felix Group to its intellectual property rights, or that if the Felix Group is required to obtain a licence from a third-party as a result of any infringement dispute, the Felix Group will be able to obtain such licences. If Felix identifies that a third party has infringed its intellectual property rights, Felix may incur significant costs in prosecuting such action, whether or not it ultimately prevails. Typically, intellectual property litigation is expensive. Costs that Felix incurs in prosecuting third party infringement actions would also include diversion of management's and technical personnel's time. In addition, while Felix may be able to obtain injunctive or other equitable relief to prevent an infringing third party from further developing discoveries or commercialising its products, the granting of such an injunction is subject to the relevant Court's discretion and is not assured, and, if not granted, Felix may incur risk of unfair competition until such time as judgment is made on the question of infringement. Additionally, the Court may direct, as a condition of such an injunction, that Felix provide a guarantee or undertaking to pay the third party's losses should judgment be that the third party has not infringed Felix's intellectual property rights. There is also a risk that the third party may seek, and obtain, a declaration that Felix's relevant intellectual property rights are invalid, which would impact upon Felix's relative market position and the value of its intangible assets. 7. Country/region specific risks in new &/or unfamiliar markets risk The Felix Group currently operates in Australia but plans to expand its operations to overseas markets after it has established sufficient critical scale in the Australian market. There is no guarantee that the Felix Group's product offering will be successful or will be able to generate material revenues outside of Australia. The Felix Group's success will depend on a number of factors such as the operations and product offerings of existing and new competitors in these markets, new customers’ willingness to pay for the Felix Group's services and the state of the local economy and appetite for new technology adoption. Businesses that operate across multiple jurisdictions face additional complexities due to specific business requirements in each jurisdiction. The Felix Group will be exposed to a range of multijurisdictional risks in any new country within which it chooses to establish operations. These risks relate to use of data, labour practices, consumer preferences, difficulty in enforcing contracts, changes to or uncertainty in relevant legal and regulatory regimes (including in relation to taxation, foreign investment and practices of government and regulatory authorities) as well as other issues. The Felix Group's financial statements are prepared and presented in Australian dollars (AUD) and the majority of its costs are currently in AUD. If the Felix Group were to offer a paid subscription-based service priced in a foreign currency, it would be exposed to movements in foreign exchange rates which may adversely impact the Felix Group's profitability. 8. Operational risk Operational risk is the risk of loss resulting from inadequate or failed internal processes, people or systems (including information security systems), or from external events. Felix is exposed to a variety of risks including those arising from process error, fraud, technology failure, security and physical protection, staff skills, workplace safety, compliance, business continuity and crisis management. 30
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K E Y R I S K S ( C o n t i n u e d ) FY26 Results & Investor Presentation KEY RISKS ASSOCIATED WITH FELIX'S BUSINESS 9. Reliance on third party IT provider - AWS AWS, a division of Amazon.com, Inc. (NASDAQ:AMZN), provides the Felix Group's cloud hosting infrastructure. The Felix Group's business is heavily dependent on the continuity of this service. While AWS is a well-established and credible cloud hosting service provider, if AWS suffered an extended outage, the Felix Group's operations would be significantly and adversely impacted. This may impact the Felix Group's reputation for reliability and result in customers cancelling their subscriptions, adversely impacting the Felix Group's financial performance and growth prospects 10. Changes to accounting policies &/or methods in which they are applied may adversely affect Felix's business, operations & financial condition The accounting policies and methods that Felix applies are fundamental to how it records and reports its financial position and results of operations. Felix must exercise judgment in selecting and applying many of these accounting policies and methods as well as estimates and assumptions applied so that they not only comply with generally accepted accounting principles but they also reflect the most appropriate manner in which to record and report on the financial position and results of operations. In recording and reporting its financial position there is a risk that these accounting policies may be applied inaccurately, and/or incorrect assumptions or judgments made, resulting in a misstatement of financial position and results of operations. This may lead to an adverse impact on Felix’s financial performance, financial position and prospects. 11. Strategic risk A failure to execute Felix’s strategic objectives may result in a failure to achieve anticipated benefits and ultimately adversely impact Felix’s operations, financial performance, financial position and prospects. 12. Merger, acquisitions & divestments Felix may engage in merger, acquisition or divestment activities which facilitate Felix’s strategic direction. Whilst Felix recognises that benefits may arise from merger, acquisition or divestment activities, significant risks exist in both the execution and implementation of such activities. In the event of any future mergers or acquisitions, it is likely that Felix would raise additional debt equity finance and this would cause Felix to face the financial risks and costs associated with additional debt or equity. Any acquisition or divestment may result in a material positive or negative impact on Felix’s financial position. There can be no assurance that any acquisition (or divestment) would have the anticipated positive results, including results relating to the total cost of integration (or separation), the time required to complete the integration (or separation), the amount of longer-term cost savings, the overall performance of the combined (or remaining) entity, or an improved price for Felix’s shares. Felix’s operating performance, risk profile and capital structure may be affected by these transactions. Integration (or separation) of an acquired (or divested) business can be complex and costly, sometimes including combining (or separating) relevant accounting and data processing systems, and management controls, as well as managing relevant relationships with employees, customers, regulators, counterparties, suppliers and other business partners. Integration (or separation) efforts could create inconsistencies in standards, controls, procedures and policies, as well as diverting management attention and resources. This could adversely affect Felix’s ability to conduct its business successfully and impact Felix’s financial performance, financial position and prospects. Additionally, there can be no assurance that employees, customers, counterparties, suppliers and other business partners of newly acquired (or retained) businesses will remain post-acquisition (or post-divestment), and the loss of employees, customers, counterparties, suppliers and other business partners could adversely affect Felix’s financial performance, financial position and prospects. 31
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K E Y R I S K S ( C o n t i n u e d ) FY26 Results & Investor Presentation KEY RISKS ASSOCIATED WITH FELIX'S BUSINESS 13. Reliance on external party risks Felix’s operations depend on performance by a number of external parties under contractual arrangements with Felix. Non-performance of contractual obligations and poor operational performance of external parties may have an adverse effect on Felix's business and financial performance. OFFER & GENERAL RISKS 14. Market price of ordinary shares will fluctuate Ordinary shares trade on ASX. The market price of ordinary shares on ASX may fluctuate due to various factors, including: • Australian and international general economic conditions (including inflation rates, the level of economic activity, interest rates and currency exchange rates), changes in government policy, changes in regulatory policy, the expressed views of regulators, investor sentiment and general market movements, which may or may not have an impact on Felix's actual operating performance; • operating results that vary from expectations of securities analysts and investors; • changes in expectations as to Felix's future financial performance, including financial estimates by securities analysts and investors; • changes in dividends paid to shareholders, Felix's dividend payout policy or Felix's ability to frank dividends; • announcement of the results of tenders, entry into or cessation of contracts, acquisitions, strategic partnerships, joint ventures or capital commitments by Felix or its competitors; • changes in the market price of ordinary shares and / or other securities issued by Felix or by other issuers, or changes in the supply of equity securities or capital securities issued by Felix or by other issuers; • changes in institutional or shareholder (including director) portfolio management or shareholding strategies; • changes in laws, regulations and regulatory policy and Felix’s failure to comply with law, regulations or regulatory policy and risk of litigation; • other major Australian and international events such as acts of terrorism, an outbreak of international hostilities, pandemics or epidemics, labour strikes, civil wars or fires, floods, earthquakes, cyclones and other natural disasters; and • other events set out on Pages 28 to 33 (inclusive) under the heading “Key risks associated with Felix’s business”. 15. Dilution If Felix Shareholders do not participate in the SPP and Placement, then their percentage shareholding in Felix will be diluted and they will not be exposed to future increases or decreases in Felix’s share price in respect of those New Shares that would have been issued to them had they participated in the Placement (if eligible) or the SPP. Similarly, Felix Shareholders who are ineligible, unable to, or do not participate in the Placement or SPP will have their percentage security holding in Felix diluted. 32
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K E Y R I S K S ( C o n t i n u e d ) FY26 Results & Investor Presentation OFFER & GENERAL RISKS 16. Future issues of debt or other securities Felix may, at its absolute discretion, issue additional securities in the future that may rank ahead of, equally with or behind ordinary shares, whether or not secured. Any issue or conversion of securities may dilute the relative value of existing ordinary shares and affect your ability to recover any value in a winding up. An investment in ordinary shares confers no right to restrict Felix from raising more debt or issuing other securities (subject to restrictions imposed under the ASX Listing Rules), to require Felix to refrain from certain business changes, or to require Felix to operate within potential certain ratio limits. An investment in ordinary shares carries no right to participate in any future issue of securities (whether equity, hybrid, debt or otherwise), other than future pro rata issues if the Felix Shareholder is eligible to participate in the pro rata issue under relevant laws. No prediction can be made as to the effect, if any, such future issues of debt or other issues of securities may have on the market price or liquidity of ordinary shares. 17. Liquidity risk Felix Shareholders who wish to sell their ordinary shares may be unable to do so at an acceptable price, or at all, if insufficient liquidity exists in the market for ordinary shares. Felix does not guarantee the market price or liquidity of ordinary shares and there is a risk that you may lose some of the money you invested. 18. Dividends may fluctuate or may not be paid Dividends are discretionary and do not accrue. The rate of dividends may fluctuate or Felix may not pay dividends at all. There is a risk that dividends may become less attractive compared to returns on comparable securities or investments. None of Felix, Felix's directors or any other person guarantees any particular rate of return on ordinary shares. 19. Taxation Any change to the current rate of company income tax or tax law in jurisdictions where Felix operates may impact on Felix Shareholder returns. Any changes to the current rates of income tax or tax law applying to Felix Shareholders, whether they are individuals, trusts or companies may similarly impact on Felix Shareholder returns. Current income tax laws may result in changes both beneficial and adverse to Felix Shareholder returns to tax attributes (including but not limited to future deductions, tax losses, and available tax credits and offsets) of Felix. 20. Shareholders are subordinated & unsecured creditors In a winding up of Felix, Felix Shareholders’ claims will rank after the claims of creditors preferred by law, secured creditors and general creditors. Felix Shareholders’ claims will rank equally with claims of holders of all other ordinary shares. If Felix were to be wound up and, after the claims of creditors preferred by law, secured creditors, general creditors and holders of subordinated instruments (if any) are satisfied, there are insufficient assets remaining, you may lose some or all of the money you invested in ordinary shares. 33
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S E C T I O N 0 3 Offer Jurisdictions 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 34
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I N T E R N A T I O N A L O F F E R R E S T R I C T I O N S FY26 Results & Investor Presentation This document does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold in relation to the Placement, in any country outside Australia except to the extent permitted below. For the offer restrictions relating to the SPP, please see the SPP Offer Booklet. Hong Kong WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the Securities and Futures Commission in Hong Kong pursuant to the Securities and Futures Ordinance (Cap. 571) of the Laws of Hong Kong (the “SFO”). Accordingly, this document may not be distributed, and the New Shares may not be offered or sold, in Hong Kong other than to “professional investors” (as defined in the SFO and any rules made under that ordinance). No advertisement, invitation or document relating to the New Shares has been or will be issued, or has been or will be in the possession of any person for the purpose of issue, in Hong Kong or elsewhere that is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to New Shares that are or are intended to be disposed of only to persons outside Hong Kong or only to professional investors. No person allotted New Shares may sell, or offer to sell, such securities in circumstances that amount to an offer to the public in Hong Kong within six months following the date of issue of such securities. The contents of this document have not been reviewed by any Hong Kong regulatory authority. You are advised to exercise caution in relation to the offer. If you are in doubt about any contents of this document, you should obtain independent professional advice. New Zealand This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (the “FMC Act”). The New Shares are not being offered or sold in New Zealand (or allotted with a view to being offered for sale in New Zealand) other than to a person who: • is an investment business within the meaning of clause 37 of Schedule 1 of the FMC Act; • meets the investment activity criteria specified in clause 38 of Schedule 1 of the FMC Act; • is large within the meaning of clause 39 of Schedule 1 of the FMC Act; • is a government agency within the meaning of clause 40 of Schedule 1 of the FMC Act; or • is an eligible investor within the meaning of clause 41 of Schedule 1 of the FMC Act. United Kingdom This document has not been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of Regulation 21 of The Public Offers and Admissions to Trading Regulations 2024 (“POATRs”)) has been published or is required to be published in respect of the New Shares. 35
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I N T E R N A T I O N A L O F F E R R E S T R I C T I O N S ( C o n t i n u e d ) FY26 Results & Investor Presentation This document is issued on a confidential basis to “qualified investors” (within the meaning of paragraph 2 of Schedule 1 to the POATRs) in the United Kingdom. The New Shares may not be offered or sold in the United Kingdom by means of this document or any other document except pursuant to an exemption from the general prohibition on offers of relevant securities to the public in the United Kingdom. This document should not be distributed, published or reproduced, in whole or in part, nor may its contents be disclosed by recipients to any other person in the United Kingdom. Any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended (“FSMA”)) received in connection with the issue or sale of the New Shares has only been communicated or caused to be communicated and will only be communicated or caused to be communicated in the United Kingdom in circumstances in which section 21(1) of the FSMA does not apply to the Company. In the United Kingdom, this document is being distributed only to, and is directed at, persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (“FPO”), (ii) who fall within the categories of persons referred to in Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the FPO or (iii) to whom it may otherwise be lawfully communicated (“relevant persons”). The investment to which this document relates is available only to relevant persons. Any person who is not a relevant person should not act or rely on this document. United States This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The New Shares have not been, and will not be, registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. The New Shares may be offered and sold in the United States only to: - institutional accredited investors within the meaning of Rule 501(a)(1), (2), (3), (7), (8), (9) and (12) under the US Securities Act; and - dealers or other professional fiduciaries organized or incorporated in the United States that are acting for a discretionary or similar account (other than an estate or trust) held for the benefit or account of persons that are not US persons and for which they exercise investment discretion, within the meaning of Rule 902(k)(2)(i) of Regulation S under the US Securities Act. Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in connection with the offer or sale, or invitation for subscription or purchase, of New Shares, may not be issued, circulated or distributed, nor may the New Shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore except pursuant to and in accordance with exemptions in Subdivision (4) Division 1, Part 13 of the Securities and Futures Act 2001 of Singapore (the “SFA”) or another exemption under the SFA. This document has been given to you on the basis that you are an “institutional investor” or an “accredited investor” (as such terms are defined in the SFA). If you are not such an investor, please return this document immediately. You may not forward or circulate this document to any other person in Singapore. Any offer is not made to you with a view to the New Shares being subsequently offered for sale to any other party in Singapore. On-sale restrictions in Singapore may be applicable to investors who acquire New Shares. As such, investors are advised to acquaint themselves with the SFA provisions relating to resale restrictions in Singapore and comply accordingly. 36