VivoPower PLC (VIVO) investor relations material

Executive summary

• Q1 FY2027 revenue was US$6.8M, with US$0.6M net profit, US$0.8M EBITDA and US$2.1M positive operating cash flow, versus losses and cash outflow in Q1 FY2026.

• Mo i Rana data center generated 95.5% of revenue; Tembo contributed revenue from its first batch of fleet deliveries.

Financial highlights

• Revenue was US$6.767M versus no revenue in Q1 FY2026; gross profit was US$2.531M and gross margin 37.4%.

• Net profit was US$577K versus a US$7.375M net loss; EBITDA was US$812K versus a US$5.471M loss in Q1 FY2026.

• General and administrative expenses fell 69% to US$1.737M from US$5.525M, despite increased data center activity.

• Operating cash flow was positive US$2.1M versus a US$2.8M outflow in Q1 FY2026.

Outlook and guidance

• A planned conversion of Mo i Rana to AI data center capacity and expected future revenue, margins, EBITDA and cash flows are forward-looking priorities.

• After ending plans for a previously preferred tenant, discussions are under way to finalize terms with another prospective AI tenant for Mo i Rana; project-level financing discussions are progressing.

• A separate Singapore-headquartered AI infrastructure vehicle is planned to hold a 2.2GW non-Nordic portfolio and pipeline, with a pre-IPO funding round and independent listing while retaining de facto control.