Slides
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Michael MoCEO & Co-FounderShawn CanterCFO Q2’25 Earnings Call PresentationAugust 14th, 2025
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Safe Harbor This presentation and other written or oral statements made from time to time by representatives of KULR Technology Group, Inc. and/or its wholly owned subsidiary KULR Technology Corporation contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements reflect the current view about future events. Statements that are not historical in nature, such as our revenue forecast, and which may be identified by the use of words like “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” "future" or the negative of these terms and other words of similar meaning, are forward looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to our expected sales, cash flows and financial performance, business, business strategy , expansion, growth, products and services we may offer in the future and the timing of their development, sales and marketing strategy and capital outlook. Forward-looking statements are based on management’s current expectations and assumptions regarding our business, the economy and other future conditions and are subject to inherent risks, uncertainties and changes of circumstances that are difficult to predict and may cause actual results to differ materially from those contemplated or expressed. We caution you therefore against relying on any of these forward-looking statements. These risks and uncertainties include those risk factors discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K or other filings we filed with the U.S. Securities Exchange Commission (the “Public Reports”).Any forward-looking statements are qualified in their entirety by reference to the factors discussed in the Public Reports. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Important factors that could cause actual results to differ materially from those in the forward looking statements include: a decline in general economic conditions nationally and internationally; decreased demand for our products and services; market acceptance of our products; the ability to protect our intellectual property rights; impact of any litigation or infringement actions brought against us; competition from other providers ability and products; risks in product development; inability to raise capital to fund continuing operations; changes in government regulation, the to complete customer transactions and capital raising transactions. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity , performance or achievements. Except as required by applicable law , including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results. Forecasts All forecasts are provided by management in this presentation and are based on information available to us at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products. Reference Material This overview is delivered solely as reference material with respect to our company . This document shall not constitute an offer to sell or the solicitation of an offer to buy securities in our company in any jurisdiction. The information herein is based on data obtained from sources believed to be reliable. Although we believe that the sources are reliable, we have not independently verified such data. The trademarks included herein are the property of the owners thereof and are used for reference purposes only . This presentation contains multiple third-party market growth forecasts that may not take into account negative impacts due to circumstances related to the COVID-19 pandemic Forward Looking Statements Page 2
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Disclaimer Statement | Contents contained on these slides are approved for public release by KULR Technology Group, Incorporated. Refer to Slide 2 for Forward Looking Statements considerations.Page 3 Q2’25 Financial and Operational Highlights§Record revenue quarter§First quarterly profit of $0.22 per share§Strong balance sheet: ~$140M in cash and Bitcoin holdings§Product revenue up 74% YoY§KULR ONE Space and Guardian build the foundation for KULR ONE Air and BBU Products§2025 Revenue to double from 2024, and growth to continue into 2026
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Key Investor Questions Disclaimer Statement | Contents contained on these slides are approved for public release by KULR Technology Group, Incorporated. Refer to Slide 2 for Forward Looking Statements considerations.Page 4 §Rationale and the effect of the reverse split§Shareholder communications§Strategy of the core operating business
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KULR ONE Space§K1S 400 successfully accepted by NASA for 20793 Certification for the Artemis program in 2026§First true commercial off-the-shelf 20793 rated battery§K1S 100, 200 and 300 ready for customer deployment§K1S 500 XLT delivered to customers§KULR Space BMS available for commercial deploymentKULR ONE Guardian§Successfully demonstrated a ballistic-proof battery using API rounds §Delivery of pressure-tolerant subsea battery with several kilowatt-hours of capacity to key strategic partner §Withstand 6-8K PSI for deep-water missions§Subsea battery system market forecasted to grow from $1.2B in 2024 to $3.5B by 2035 KULR ONE Space and Guardian Disclaimer Statement | Contents contained on these slides are approved for public release by KULR Technology Group, Incorporated. Refer to Slide 2 for Forward Looking Statements considerations.Page 5
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EXIA: The Most Powerful and Connected Exoskeleton in the World §7th Generation AI-powered connected exoskeleton§Sensors provide a rich data stream to the cloud, offering insights into ergonomics and safety info§Most powerful exoskeleton on the market, offering 84lbs of weight compensation§Protects users from back-related injuries§Reduce fatigue by assisting with lifting, lowering, and walking§Compelling ROI through productivity gain and injury reduction Page 6Disclaimer Statement | Contents contained on these slides are approved for public release by KULR Technology Group, Incorporated. Refer to Slide 2 for Forward Looking Statements considerations.
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Page 7 Our BTC Accumulation Strategy§A dual acquisition strategy that includes both mining Bitcoin and purchasing it on the open market§Combined projects mined ~ 0.45 BTC per day currently§Diversified operations between 4 sites across two continents, nearing ~ 1 EH/s§Break-even all-in price per BTC mined: ~ $102,000§~ 1,035 BTC held in Bitcoin Treasury (includes BTC mined) Definitions and notes:A. Energized compute power is defined as the amount of hash rate that could theoretically be generated if all miners that have been energized are currently in operation, including miners that may be temporarily offline.Hash rates are estimates based on the manufacturers' specifications. All figures are rounded.B. Projected compute power represents expected timing and achievement of our growth targets for energized compute power . The company cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur , and actual results could differ materially from those expressed or implied in the forward-looking statements. Energized Compute Power A Projected Compute Power B Increasing Compute Power ~50% by YE 2025 Source: Company Data Disclaimer Statement | Contents contained on these slides are approved for public release by KULR Technology Group, Incorporated. Refer to Slide 2 for Forward Looking Statements considerations.
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Company Performance Highlights§Same quarter year-over-year revenue growth of63%§Record revenue quarter§Record TTM revenue§Fourth consecutive quarter of record TTM revenue§Material improvements across the balance sheet (as of June 30, 2025)§Strong net cash position of $20M§BTC holdings valued at $100M§~$125M in Cash + BTC value + total AR§No debt§Total assets $141M - up125%since Dec. 31, 2024§Total liabilities $5M - down 9% since Dec. 31, 2024§Revenue (ex-BTC) per customer overall down 6.2%, products up4.6%,and services down 50% Disclaimer Statement | Contents contained on these slides are approved for public release by KULR Technology Group, Incorporated. Refer to Slide 2 for Forward Looking Statements considerations.Page 8
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Revenue/Customer (ex-BTC mining)Q2 2025Q2 2024% ChangeTotal $84,463$90,074-6.2%Products $79,123$75,6514.6%Services $46,320$92,660-50.0% Revenue (ex-BTC mining)Q2 2025Q2 2024YoY %Total $2,533,902$2,432,0054.2%Products $1,978,066$1,134,76974.3%Services $555,836$1,297,236-57.2% Disclaimer Statement | Contents contained on these slides are approved for public release by KULR Technology Group, Incorporated. Refer to Slide 2 for Forward Looking Statements considerations.Page 9 Revenue and Customer Summary§Revenue (Q2 2025 vs. Q2 2024) §Customers (Q2 2025 vs. Q2 2024)
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For additional info, please contact:KULR Technology Group, Inc.Phone: 858-866-8478 x 847Email:ir@kulr .ai Questions & Answers