Plurilock Security (PLUR) investor relations material

Business overview and market positioning

• Specializes as a cybersecurity systems integrator serving Global 2000 enterprises and government agencies in NATO-aligned countries.

• Achieved rapid revenue growth from $0.5M in 2020 to $61M in 2025, with critical services growing 48% year-over-year at 28% gross margin.

• Maintains a strong client base in finance, healthcare, smart manufacturing, and defense, including U.S. Army, Navy, DHS, and Canadian DND.

• Strategic partnerships with leading OEMs and defense primes, including CrowdStrike, Forcepoint, and TD SYNNEX.

• Positioned to capitalize on increased defense spending and cybersecurity demand in the U.S., Canada, and NATO markets.

Financial performance and growth drivers

• FY2025 revenue reached $61M, up 5% from FY2024, with services accounting for 20.8% of total revenue and 54% of gross margin.

• EBITDA loss narrowed by 45% year-over-year, reflecting improved operating leverage and a shift toward higher-margin services.

• Critical services revenue grew 48% year-over-year, with gross margin expansion driven by a focus on services and software.

• Over 90% of business comes from U.S. federal customers, and more than 50% from the public sector.

• Cash position at $2.5M as of December 31, 2025, with a market capitalization of $11M and 79M common shares outstanding.

Client base, contracts, and case studies

• Trusted by high-profile U.S. and Canadian federal agencies, including NASA, U.S. DoD, DHS, and Canadian DND.

• Secured $5.9M in new contracts across federal and public sector clients, including multi-year U.S. federal agreements.

• Notable case: S&P 500 tech manufacturer generated $22M in sales in 7 months, delivering $7M in client cost savings.

• Recent Canadian federal contracts include a CA$900,000 sale and a CAD$1.4M contract for edge and network security.

• Demonstrates a "land and expand" approach, growing initial projects into broader, ongoing engagements.