COMMS GROUP LTD — Annual Report 2025

Nov 24, 2025

www.commsgroup.limited

Board of Directors

Non-Executive Chairman Ryan, a telecom industry pioneer, co-founded corpTEL, People Telecom, and Next Telecom—now part of major groups—and founded Next Business Energy, one of Australia’s fastest-growing B2B energy firms

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Chairman's Address

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Ryan O'Hare Non-Executive Chairman

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CEO's Address

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Peter McGrath

CEO and Executive Director

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COMMS GROUP | 4

Who We Are

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. A specialised communications and managed IT services provider to businesses

Headquartered in Sydney, Australia with operations in Melbourne, Gold Coast, Hobart, Singapore, London, and the Philippines, including extensive coverage across the Asia-Pacific region.

Servicing businesses, Enterprise and Government, as well as wholesale services to domestic and international telcos and IT services companies.

Focused on generating strong shareholder returns.

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Domestic (Australian) Business:

• Communications & Collaboration services for Small Medium Enterprise (SME), Corporate & Gov.

• Secure Managed IT Solutions including cloud computing services for Corporate & Gov.

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• Global Business:

• Global & Wholesale Unified Communications provider for Global Enterprises & Wholesale Voice Services for Global Telcos and Application Service Providers.

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COMMS GROUP | 5

Operating Businesses

Communications & Collaboration

Full-service telco service provider to Australian Small and Medium Enterprise (SME), Enterprise and Government

Secure Managed IT Solutions

Award-winning Managed IT & Cloud Services Provider supporting the needs of corporate customers

Global & Wholesale Unified Communications

Servicing enterprise and wholesale customers globally, we are specialists with Unified Comms as a Service (UCaaS) and wholesale voice services

We enhance business agility through innovative cloud-based communications and secure managed IT solutions

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Executive Management

CEO Chief Financial Officer CEO, Group CEO, Head of & Executive Director Next Telecom Chief Operating Officer OnPlatinum Global Sales Peter McGrath, CEO of Matthew Beale, CFO of Gavin Roache, coMichael Diamond, Shannon Overs, Founder Patrick has over 25 Comms Group Ltd, has Comms Group, is a founder of Next Telecom, Comms Group COO, and CEO of onPlatinum years’ experience in the 30+ years in Chartered Accountant has 30 years in has 20 years in telecom ICT, has 20+ years in IT telco industry, telecommunications, with 15+ years of CFO telecommunications and with expertise in and holds an MBA. An having held sales ICT, and finance, experience in diverse 13 years as a Director. network systems, Entrepreneur of the Year management positions leading firms like industries, including He’s held senior roles at automation, and awardee (2016), he in businesses such as Nextgen and finance, agriculture, People Telecom, Tel.net business operations. specializes in IT Orange, Wavecrest, and Visionstream. He holds and IT. He holds an MBA Media, and corpTEL, with Founder of Binary governance, risk Tata Communications an Engineering degree from AGSM experience in energy Networks, he’s active in management, and (RMIT) and an MBA and hospitality TIO and CommsAlliance customer experience (Melbourne) panels COMMS GROUP | 7

Shareholder CompositionWho we are Ma

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~ 40% ~ 35%
~ 25%
Insider Institutional Retail
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Shareholders*	% Ownership
Disclosed Institutions
NAOS Asset Management	9.2%
Board/Management
Ryan O’Hare(Director)	9.5%
Peter McGrath(CEO)	5.5%
Benjamen Jennings(Director)	3.3%

Source*: Boardroom (excludes performance rights)

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FY25 FINANCIAL HIGHLIGHTS

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FY25 Financial Highlights

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Underlying Operating Total Revenue[1] Gross Profit Gross Margin % EBITDA[2] Cashflow Top of guidance Up 2% on PCP Up 3% on PCP Up from 47.3% PCP Down 5% on PCP Down 12.7% on PCP to $56.6M to $27.1M to 47.9% to $3.6M to $5.7M Highest Gross Margin in last 5 With investment in additional Excluding $0.7m TasmaNet oneAt top end of guidance range Highest Gross Profit achieved years, strong pricing and cost global resources ($0.4M), off transaction costs, an of $55m-$57m since listing management maintained benefit in FY26 increase of 13% to $4.3m vs pcp

1 Includes $0.7m revenue from TasmaNet which was consolidated from 16 June 2025. 2 Note: Refer glossary for definitions. Underlying EBITDA excludes net interest, tax, non-cash share LTIP costs, rent, depreciation, amortisation, business acquisition, integration, restructuring and non-recurring costs.

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COMMS GROUP | 10

FY25 Key Highlights

Comms Group delivered underlying EBITDA at top end of guidance

Total revenue $56.6m was ahead c.f. FY24 and at top end of guidance

• Global division revenue in particular increased strongly in the period.

Group Gross Margin increased to 47.9% with overall Gross Profit increase.

Underlying EBITDA of $5.7m - at the top end of guidance

New business contracts signed with customers saw our strongest year on record, up +35%

• Total of $10.4m in new ARR[1] compared to $7.5m ARR in FY24.

Continued strong cashflow position with cashflow from operations of $3.6m .

Finalised acquisition of leading Tasmanian telco TasmaNet in the year.

Final dividend of 0.125c ($0.00125) per share (fully franked) was declared which brought the total dividends declared in FY25 to 0.25c ($0.0025) per share.

• 1 Annual recurring revenue.

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Group Revenue

Group Revenues continue to grow with a positive mix of organic growth and via acquisitions.

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+30% 75.0+
+2% 56.6
55.5
+7%
51.9
+27%
41.0
28.5 29.6
25.9 Expected
Full Year
Revenue
Annualised
23.7
inc.
AUD TasmaNet
($m)
26.0 27.0 27.0
17.3
FY22 FY23 FY24 FY25 +
1st Half 2nd Half
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COMMS GROUP | 12

Q1 FY26 TRADING UPDATE

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Q1 FY26 Trading Update Strong Q1 FY26 trading with growing momentum

Strong start to FY26, TasmaNet integration on track

• TasmaNet integration going to plan - Group remains on target to achieve run-rate Revenue of $75M+ and run-rate EBITDA of $9M-$10M

• Q1 FY26 Group Revenue (unaudited) was $19.4m which compares with $13.7m for the prior corresponding period - an increase of 41.6%

• Q1 FY26 Underlying Group EBITDA (unaudited) was $2.2m which compares with $1.1m for the prior corresponding period - an increase of 100%

Organic Growth - Strong new sales contracts signed YTD

• New ARR[1] of $4.6m signed YTD

• Key sales wins in Q2 with a range of corporate and Government clients, pipeline building

• Global business has won over 80 Australian & International customers YTD in FY26

• Key deal won into Asia for leading foreign Government organisation valued at +$70k in MRR[1]

Financing

• Offer from a leading commercial bank to refinance existing Term Loan on improved terms. To be finalised next few weeks.

1 Monthly recurring revenue.

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Strategic & Capital Allocation Priorities

Capital management priorities

01	Strong balance sheet supported by disciplined liquidity and risk controls	Ensure the business has sufficient liquidity to operate in all operating environments
02	Reduce debt post the TasmaNet acquisition by internally generated cashflow	Reducing debt remains a key management priority, refinancing expected to be
03	Invest to maintain our competitive advantage	Continued investment in technology and service
04	Identify and pursue strategically relevant and accretive growth opportunities	Pursue M&A opportunities that are strategically aligned and value accretive for shareholders
05	Dividend distributions to continue, employing balanced approach to investment versus shareholder returns	Continue dividends; consider other capital management options over the longer term

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Strategy and Outlook

To become a leading cloud communications, collaboration and secure managed IT solutions provider across the Asia Pacific region

• Financial Outlook Growth Opportunities

• Strategy

• • Focus on successful transition • On track to achieve annualised • Organic & inorganic

• & integration of TasmaNet run-rate revenue target of opportunities to add additional

• $75m+ and annualised run-

• • capabilities being pursued Strong focus on the corporate rate underlying EBITDA target

• mid-market and Govt sectors •

• of $9m to $10m Digital transformation to

• • Upsell strategic accounts to • implement common GroupAiming to grow operating and

• include, additional products & wide systems services FCF generation given capex• Rationalise/combine

• light business model

• • Leverage Asia-Pacific duplicated networks to a •

• footprint to provide services FY26 guidance to be provided common platform and “One” to MNCs as year progresses business over time

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Disclaimer

The material in this presentation is a summary of Comms Group Limited’s (CCG) activities and results and is current at the date of this presentation. Further details are provided in the Company’s full and half year accounts and results announcements released to the ASX.

No representation, express or implied, is made as to the fairness, accuracy, completeness or correctness of information contained in this presentation, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in the presentation (“forward- looking statements”). Such forward-looking statements are by their nature subject to significant uncertainties and contingencies and are based on a number of estimates and assumptions that are subject to change (and in many cases are outside the control of CCG and its Directors) which may cause the actual results or performance of CCG to be materially different from any future results or performance expressed or implied by such forward- looking statements.

Undue reliance should not be placed on forward-looking statements and except as required by law or regulation, CCG assumes no obligation to update these forwardlooking statements. To the maximum extent permitted by law, CCG and its related corporations, Directors, officers, employees and agents disclaim any obligations or undertaking to release any updates or revisions to the information in this presentation to reflect any change in expectation or assumptions and disclaim all responsibility and liability for these forward-looking statements (including without limitation, liability for fault or negligence.)

To the maximum extent permitted by law, neither CCG nor its related corporations, Directors, officers, employees or agents, nor any other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it.

Certain financial data included in this presentation may be “non-IFRS financial information” under Regulatory Guide 230 Disclosing non-IFRS financial information published by ASIC. The non-IFRS financial information in this presentation may include underlying profit. CCG believes this non-IFRS financial information, where included, provides useful information to users in measuring the financial performance and conditions of CCG. The non-IFRS financial information measures do not have standardised meanings prescribed by International Financial Reporting Standards and, therefore, may not be comparable to similarly titled measures presented by other entities, nor should they be considered as an alternative to other financial measures determined in accordance with International Financial Reporting Standards. Undue reliance should not be placed on any non-IFRS financial information.

This presentation is not and should not be considered as an offer or an invitation to acquire shares in CCG or any other financial product and does not and will not form any part of any contract for the acquisition of shares.

This presentation should be read in conjunction with other publicly available material. Further information including historical results and a description of the activities of CCG is available on our website https://commsgroup.limited

This presentation provides information in summary form only and is not intended to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor.

Due care and consideration should be undertaken when considering and analysing CCG’s financial performance. All references to dollars are to Australian Dollars unless otherwise stated.

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Contact Us

Investor Website

www.commsgroup.limited

Investor Relations Enquiries www.commsgroup.limited/feedback

Investor Relations Daniel Ireland +61 411 430 620

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