Morning Trading January 23, page-17

SPA

Annual recurring revenue (ARR) increased 28% vs prior corresponding period (“pcp”) to $9.5m and 7% vs
Q1FY24.
● Active subscriber growth for Spacetalk Mobile (MVNO) grew 272% vs pcp and 58% vs Q1FY24 to over 26,000
active subscribers.
● Group revenue from continuing operations increased 6% vs pcp to $5.5m.
● Continued momentum towards our target of achieving neutral free cash flow in 2H 2024.
● Significant progress on strategy execution with new products released.
● Cash in bank of $2.9m at period end.