Clear Blue International (CBLU) investor relations material

Executive summary

• Transitioned to "Clearblue 2.0" with a focus on cost efficiency, product expansion, and new partnerships after overcoming debt challenges and restructuring; recapitalization and cost structure improvements have positioned the business for sustainable growth.

• Targeting three core markets: renewable telecom infrastructure in Africa, satellite internet/IoT enablement, and smart solar lighting in North America, with North American lighting sales driving recent revenue growth.

• Strategic partnerships, notably with EUTELSAT, are expected to generate over €20 million in revenue over the next 2-3 years, driving multi-year, multi-million revenue opportunities.

• Over 120 commercial orders this year, with a shift to larger, more mature customers and distribution partners.

• Q2 2025 revenue reached $1,133,996, up 12% year-over-year, with gross profit for Q2 2025 at $493,824, a 101% increase year-over-year.

Financial highlights

• Q2 revenue grew 12% year-over-year to $1.13M; year-to-date revenue reached $2.2M, nearly matching last year’s full-year revenue, with recurring revenues making up 64% of the total.

• Gross margin improved to 44% in Q2 from 24% last year; year-to-date gross margin expanded to 48% from 32%.

• Adjusted EBITDA improved 69% in Q2 and 57% year-to-date; operating expenses down 14% in Q2 and 20% year-to-date.

• Recurring revenue in Q2 2025 was $179,848, a 6% increase year-over-year; over 15,000 units deployed globally.

• Bookings as of June 30, 2025, were $4,235,599, with $3,533,025 expected to be recognized in the next 12 months.

Outlook and guidance

• Second half of the fiscal year expected to deliver the strongest quarters, with a focus on positive adjusted EBITDA and cash flow generation supported by reduced OPEX and new commercial contracts.

• Growth visibility driven by micro and nano product deliveries, new contract wins, and expanded partnerships, especially in Africa and North America.

• No specific revenue guidance for 2025, but historical trends indicate stronger Q3 and Q4.

• Targeting $2M–$2.2M in quarterly revenue at 40% margin to achieve cash flow and EBITDA breakeven.

• Entering seasonally strongest revenue quarters, aiming for continued growth and improved profitability.