ActivePort Group (ATV) investor relations material

Executive summary

• Recurring software license revenue increased 22% sequentially from the previous quarter, with SaaS revenue remaining within expected quarterly variation.

• Cash receipts from customers rose 27% compared to the previous quarter, reflecting strong business development and customer engagement.

• Major order received from a top-five global data centre operator to trial software, with advanced commercial discussions ongoing in multiple regions.

• Launch of the Neocloud AI platform, targeting data centre operators with a low-cost, scalable AI infrastructure solution, set for release in H2 2026.

Financial highlights

• Group recurring revenue was $1.51M, down 1% sequentially; software revenue rose to $0.35M, up 22%; SaaS revenue was $1.16M, down 5%.

• Cash used in operating activities increased 38% to $1.09M compared to the previous quarter.

• Cash and cash equivalents at quarter end were $2.1M, with an anticipated R&D grant of $1.6M to bring total available cash to $3.7M.

• Net cash from operating activities for the quarter was $(1.09)M; net cash from investing activities was $(0.63)M.

• Financing activities for the nine-month period provided $6.5M, mainly from equity issuance.

Outlook and guidance

• Recurring revenue is expected to trend positively in Q4 as new projects completed in Q3 begin regular monthly billing.

• Pipeline momentum is projected to deliver a 400% increase in the number of projects commencing in Q4.

• NBN services revenue in Australia is expected to ramp up through June as customer migration completes.

• First live customer for NNI gateways anticipated in H2 2026, with significant recurring revenue potential.