Blackberry (BB) AGM 2026 summary

Opening remarks and agenda

• Meeting held in a virtual-only format to increase inclusivity and participation from shareholders globally.

• Procedures for participation, voting, and Q&A were outlined, ensuring all shareholders could engage.

• CEO addressed shareholders, emphasizing the completion of the turnaround and transition to a growth phase.

Board and executive committee updates

• Board welcomed Barry Mainz as a new director, contributing expertise relevant to business units.

• Board committed to ongoing strategic actions to drive shareholder value.

Financial performance review

• Achieved four consecutive quarters of improving GAAP net income, swinging from a $79M net loss to $53M net income.

• Fiscal Q4 revenue grew 10% year-over-year; Q1 fiscal 2027 revenue up 26% to $153M.

• FY26 operating cash flow reached ~$50M, nearly tripling from the previous year.

• Adjusted EBITDA more than doubled; first positive Q1 cash flow in nine years, excluding the FY2024 patent sale.

• Disciplined cost structure is enabling margin expansion and cash generation.