ikeGPS Group (IKE) investor relations material

Opening remarks and agenda

• Chair welcomed shareholders, confirmed quorum, and outlined the meeting structure, including voting and Q&A procedures.

• Apology noted for an absent director; auditors present; agenda included performance review and resolutions.

• The meeting covered performance headlines, new products and market segments, outlook, addressable market, value proposition, and included a Q&A session.

Financial performance review

• FY26 platform subscription revenue reached NZ$19.2m, up 33% year-over-year and 99% of target.

• FY26 total revenue was NZ$26.6m, with gross margin increasing to 81% (from 69%).

• Achieved positive underlying EBITDA in March 2026 on a run rate basis.

• Total cash stood at NZ$33m with no debt; capital from 2025 funding round used for new product development and customer acquisition.

• Customer retention rate at 97%, with 83 new subscription customers added in FY26 and only one notable customer loss.

• Platform subscription mix rose to 72% of total revenue, up from 57% in FY25.

• 91% of FY26 revenue came from recurring and re-occurring sources.

• FY27 subscription revenue growth target reiterated at around 35%, with a strong start to the year.

Board and executive committee updates

• Fred Lax, long-serving Non-Executive Director and Audit Chair, retired but remains a committed shareholder.

• Rod Snodgrass welcomed as new Audit and Risk Committee Chair and Non-Executive Director, bringing significant strategy and technology expertise.

• Board succession planning highlighted, with deliberate appointments to maintain governance and growth mindset.