NUIX LIMITED — M&A Activity 2025

Dec 3, 2025

==> picture [595 x 6] intentionally omitted <==

==> picture [53 x 72] intentionally omitted <==

MARKET RELEASE

3 December 2025

Nuix to Acquire Graph Intelligence Leader Linkurious

Sydney, Australia – Nuix (‘the Company’, ASX: NXL) announces it has signed an agreement to acquire Linkurious, a graph-powered AI decision platform.

Founded in 2013 and based in Paris, France, Linkurious provides technology that allows customers to visually explore and investigate graph data, to detect patterns of interest and investigate alerts.

The acquisition of Linkurious, which is an existing Nuix Neo technology partner, builds on Nuix’s innovation roadmap through the incorporation of powerful and intuitive graph technology and data visualisation.

Linkurious has customers across North America, Europe and Asia-Pacific, including some joint customers with Nuix. Linkurious had Annualised Contract Value (ACV) of ~ €7 million (~A$12 million[1] ) at June 2025, and recorded positive EBITDA and operating cash flow for the full year to 31 December 2024. Combining the Nuix and Linkurious teams creates growth opportunities through both sales and distribution scale, knowledge graph and workflow expertise and new Nuix Neo use cases.

John Ruthven, Nuix Interim CEO, stated, "The acquisition of Linkurious is an exciting accelerator for our strategic vision to enable our customers with insights from complex data at unparallelled speed and scale. This injection of graph-native expertise, proven link analysis technology and quality customers will allow us to bring immediate value to our customers."

Sébastien Heymann, CEO of Linkurious, commented, "Joining forces with Nuix is an exciting opportunity for us to scale our technology and reach a broader audience and distribution. We have a common Force for Good purpose and are confident that our combined expertise will drive significant value for our clients."

1 Based on AUD/EUR exchange rate of 0.56

==> picture [595 x 96] intentionally omitted <==

----- Start of picture text -----

Nuix Limited
1 Market Street, Level 29 ABN 80 117 140 235 1
Sydney NSW 2000, ph +61 1300 511 852
Australia
----- End of picture text -----

==> picture [595 x 6] intentionally omitted <==

==> picture [53 x 72] intentionally omitted <==

Transaction Overview

Nuix will acquire 100% of the issued share capital of Linkurious SAS, a French société par actions simplifiée.

The maximum enterprise value is €20 million (~A$35.4 million), structured as:

• €12.5 million (~A$22.1 million) upfront cash payment at closing

• €2.5 million (~A$4.4 million) in Nuix shares held in escrow for 12 months

• €5 million (~A$8.8 million) contingent earnout based on ACV growth and cross-sell synergies over 24 months

Source of Funds

The full upfront cash cost of up to A$30 million is to be funded by debt and cash on hand.

The cash cost consists of the upfront acquisition consideration (~A$22.1 million), along with Linkurious asset adjustment associated with their net cash position (~A$4.4 million) and transaction fees of up to ~A$3.5 million.

Nuix has upsized[2] its existing debt facilities to A$50 million. The upfront cash consideration will be funded through a A$20 million drawdown of the upsized debt facilities and up to A$10 million from Nuix's existing cash reserves. The remaining A$30 million of Nuix’s debt facilities will remain largely undrawn.

Expected Completion

The acquisition is expected to close in in the first quarter of calendar 2026, subject to customary closing conditions and regulatory approvals, including Foreign Direct Investment (FDI) approval in France.

2 in respect of which a legally binding commitment letter has been entered into, subject to satisfaction of customary conditions precedent

==> picture [595 x 96] intentionally omitted <==

----- Start of picture text -----

Nuix Limited
1 Market Street, Level 29 ABN 80 117 140 235 2
Sydney NSW 2000, ph +61 1300 511 852
Australia
----- End of picture text -----

==> picture [595 x 6] intentionally omitted <==

==> picture [53 x 72] intentionally omitted <==

This announcement has been authorised by the Board of Nuix.

Investor Contact Media Contact Brett Dimon Max Hewett Head of Investor Relations and Sustainability Patterson Advisory +61 (0)410 671 357 +61 (0)432 332 215 brett.dimon@nuix.com mhewett@pattersonadvisory.com.au

About Nuix

Nuix is a leading provider of investigative analytics and intelligence software, that empowers customers to be a force for good by finding truth in the digital world. We help customers collect, process and review large amounts of structured and unstructured data, making it searchable and actionable at scale and speed, with forensic accuracy.

For further information, please visit https://www.nuix.com/investors

==> picture [595 x 96] intentionally omitted <==

----- Start of picture text -----

Nuix Limited
1 Market Street, Level 29 ABN 80 117 140 235 3
Sydney NSW 2000, ph +61 1300 511 852
Australia
----- End of picture text -----