IKE 4Q25 Performance Update and Investor Presentation

Continued growth of annual subscription revenue exit run rate (+48% vs pcp). ARR growth in FY26 expected to continue at similar, strong levels. ~NZ$12m in contracts closed in the fourth quarter. Total cash & net receivables growth of +NZ$1.8m in the quarter, to NZ$15.4m. Unsolicited, non-binding acquisition approach received at NZ$1 per share, or ~NZ$165-170m EV. ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to release a performance update for the recent quarter and 12-month period to 31 March 2025. All figures are in NZD, rounded to the nearest decimal, unaudited and subject to minor change. Highlights for the quarter and 12-month period to 31 March 2025: + Exit run rate of annual platform subscription revenue grew to NZ$17.6m (+48% vs pcp). + Total recognized revenue in the period of NZ$25.2m (+19% vs pcp), with recognized revenue in 4Q of NZ$6.6m. Comprising the above was: + Subscription revenue of NZ$14.4m (+34% vs pcp). + Transaction revenue of NZ$7.6m (+3% vs pcp). + Hardware and other services revenue of NZ$3.2m (+5% vs pcp). + Gross margin of NZ$17.4m (+37% vs pcp), with gross margin in 4Q of NZ$4.8m. + Gross margin percentage of 69% (up from pcp of 60%), driven by revenue mix continuing to shift to high margin subscription software products. + Total cash and net receivables grew +NZ$1.8m in the quarter to NZ$15.4m. + This comprises NZ$10.3m in cash and NZ$5.1m in net receivables (NZ$6.1m in receivables with payables of NZ$1.0m) and no debt. + This is a result of continued overall growth, from winning numerous large subscription contracts in the prior quarters and associated collection timing, and ongoing operating cost control. + The 31 March 2025 cash position is consistent with the level 12 months prior. For further information and commentary please see the attached market update and investor presentation. The Company will discuss the results on a webinar with CEO Glenn Milnes at 11:00am AEDT/1:00pm NZDT later today - 22nd April 2025 Registration for the investor webinar is available via the link below: https://us02web.zoom.us/webinar/register/WN_d_739e64QcGr6_CeXVZvvQ Questions can be pre-submitted to simon@nwrcommunications.com.au or asked via the Q&A function during the webinar. After registering, you will receive a confirmation email containing information about joining the webinar.