WOTSO (WOT) investor relations material

Executive summary

• Entered FY 2027 with 40 flexible workspace locations across Australia and New Zealand, a vertically integrated model, and AUD 283 million in property holdings, serving a diverse client base.

• Achieved 29% network growth in FY26, opening nine new coworking locations and launching CookSpace, a fully leased ghost kitchen facility.

• Focused on expanding flexible workspace, e-commerce, dynamic pricing, and new product lines like CookSpace to drive revenue and utilisation.

• Owns and manages most properties in-house, enhancing control, stability, and capturing both property and operating income.

Financial highlights

• Total revenue increased 4% year-over-year to AUD 48.8 million, with Flexspace sales up 11% to AUD 35.3 million.

• Underlying EBITDA increased 1% to AUD 10.12 million.

• Cost of sales rose 8% to AUD 31.5 million due to expansion, while overhead costs remained flat at AUD 8 million.

• Net asset value per security decreased to AUD 1.37, reflecting investments, non-cash items, and FX impacts.

• Distribution per security increased to AUD 0.0280, with a final distribution of 1.45 cps.

Outlook and guidance

• Seven new locations confirmed for FY27, with continued focus on flexspace expansion, e-commerce growth, and new concepts like CookSpace.

• Anticipates enhanced returns as start-up Flexspace locations mature and growth rate moderates.

• Ongoing refinement of new product offerings and fitout costs, especially for CookSpace.