Cloud Technologies (CLD) Strategy update summary

Strategic transformation and market positioning

• Shifted sales model from white-label to own-brand, achieving nearly 90% of data sales under proprietary brands by 2025, enabling greater data diversity, better positioning, and full pricing control.

• Reconfigured distribution with direct presence in key channels and expanded reach through partnerships, acquisitions, and new sales channels.

• Launched new product, Data Curation, targeting up to 15% of the programmatic market value by 2028 and opening access to global agencies and new client segments.

• Addressable market size has increased significantly, supporting scalable revenue growth and improved margin retention.

Financial performance and growth outlook

• Achieved 6x growth in data monetization since 2019, with a CAGR of ~40% from 2019-2024 and data monetization now accounting for 95% of total revenue.

• EBITDA grew to approximately $6 million annually by 3Q2025 LTM, with a CAGR over 45% from 2020-2024, despite temporary margin pressure from recent investments.

• November 2025 saw the highest data monetization growth rate in nearly four years, with a clear upward trend and acceleration into 2026.

• Data sales revenue reached $12M for the 3Q2025 LTM period, with a 50% margin and 80% of revenue from the U.S. market.

Capital allocation and shareholder returns

• Strategy 2026+ targets efficient capital allocation: ~50% reinvested into sales growth, ~20% for dividends, ~20% for share buybacks, and ~10% for R&D.

• Share buyback program to repurchase up to 250,000 shares for ESOP purposes, conditional on achieving financial KPIs for 2026-2028.

• Regular dividend payout of approximately 20% of adjusted EBITDA recommended, with 80% of EBITDA reinvested to support growth.