SUPERLOOP LIMITED — Interim / Quarterly Report 2026

Feb 17, 2026

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Results 2026. Superloop Limited (ASX:SLC)

Wednesday, 18 February 2026

Disclaimer.

No reliance

To the maximum extent permitted by law, the information contained in this presentation is given without any liability whatsoever being accepted by Superloop Limited (Superloop) or any of its related bodies corporate or their respective directors, officers, partners, employees, advisors and agents (Relevant Parties). The information contained in this presentation is not intended to constitute legal, tax or accounting advice or opinion. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or thoroughness of the information, whether as to the past or future. Recipients of the document must make their own independent investigations, consideration and evaluation.

No offer to acquire Superloop shares

The information in this presentation is not an offer or recommendation to purchase or subscribe for securities in Superloop or to retain or sell any securities that are currently held. In particular, this document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any ‘US person’ as defined in Regulation S under the U.S. Securities Act of 1993 (Securities Act). Superloop shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration.

Limited disclosure

This presentation contains summary information about Superloop and its activities which is current at the date of this presentation. The information in this presentation is of a general nature. The presentation does not purport to contain all the information that a prospective investor may require in evaluating a possible investment in Superloop, nor does it contain all the information which would be required in a disclosure document prepared in accordance with the requirements of the Corporations Act 2001 (Cth) and should not be used in isolation as a basis to invest in Superloop. It should be read in conjunction with Superloop’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au.

Seek your own advice

In providing this presentation, Superloop has not considered the objectives, financial position or needs of the recipient. The recipient should consult with its own legal, tax or accounting advisers as to the accuracy and application of the information contained herein, and conduct its own due diligence and other enquiries in relation to such information and any investment in Superloop and the recipient’s objectives, financial position or needs.

Forward-looking statements

To the maximum extent permitted by law, Superloop and the Relevant Parties disclaim any responsibility for any errors or omissions in such information, including the financial calculations, projections and forecasts and indications of, and guidance on, future earnings and performance and financial position set forth herein. This presentation contains certain ‘forward-looking statements’.

The words “forecast”, “estimate”, “like”, “anticipate”, “project”, “opinion”, “should”, “could”, “may”, “target” and other similar expressions are intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors and are subject to significant business, economic and competitive uncertainties and contingencies associated with exploration and/or production, many of which are beyond the control of Superloop, that may cause actual results to differ materially from those predicted or implied by any forward-looking statements. No representation or warranty is made by or on behalf of Superloop or the Relevant Parties that any projection, forecast, calculation, forward-looking statement, assumption or estimate contained in this presentation should or will be achieved or that actual outcomes will not differ materially from any forward-looking statements.

Currency

All references to “$” are to Australian currency (AUD) unless otherwise noted.

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2 HY26 Results | Superloop Limited

. . . Winning

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Awarded fastest
fixed network
by
H1 2025 H2 2025
Excellent 4.7 out of 5
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3 HY26 Results | Superloop Limited

. Agenda

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1 2 3 4 5 6 7
Introduction Operational Financial FY26 Acquisition Q&A Appendices
& Highlights Update Performance Outlook
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4 HY26 Results | Superloop Limited

.

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Underlying Net Profit Gross Operating
Customers [1] Revenue
EBITDA [2] After Tax Cash Flow [3]
805k $55.8m $5.1m $53.5m
$317.6m
21% 23% 46% $12.9m 96%
Conversion
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Comparisons in this presentation are to 1H25 unless otherwise stated

• 1 Refer appendices for further details on categorisation of customer numbers.

• 2 Underlying EBITDA is calculated as Net Profit After Tax adjusted for tax, interest, depreciation & amortisation, share-based consideration, restructuring costs and M&A-related costs. Refer appendices for reconciliation.

• 3 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees (does not includ e acquisition consideration treated as remuneration). Conversion = Gross Operating Cash Flow divided by Underlying EBITDA.

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5 HY26 Results | Superloop Limited

. Strong momentum drives FY26 upgrade

SUSTAINED CUSTOMER GROWTH

SUSTAINED CONSUMER BUSINESS CUSTOMER GROWTH REVENUE REVENUE 74K 29% 4% Group nbn share Record organic Revenue growth increased by 1.5% to customer growth of being driven by Smart 7.0%[1] 49K and ARPU Communities, gains in Group achieved 14.5% expansion driving small business and of nbn orders in 1H26 29% growth large corporate wins Added 74K[2] total new customers

TRACKING POSITIVELY TO 3-YEAR PLAN

WHOLESALE REVENUE 28%

Underlying EBITDA margin up 2.7% to Successfully enabling 17.6% challenger Retail Service Providers Upgraded FY26 guidance to Underlying EBITDA of Marked step-up in $112m-$120m order volumes in Q2.

ACQUISITION

OF LIGHTNING BROADBAND

Creates a national fibre challenger. Adds scale and improves our market standing

Long-term, high margin revenues. Contracted earnings growth

• 1 ACCC nbn Wholesale Market Indicators Reports (comparing September 24 to September 25).

2 See appendices for further details on categorisation of customer numbers.

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6 HY26 Results | Superloop Limited

. Strong market share gains and accelerating earnings

Significant operating leverage – Underlying EBITDA uplift +46% on revenue up 23%. Result demonstrates the scalability of our platforms.

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Customers [1] (000) Revenue ($m) Underlying EBITDA [2] ($m)
1H 2H EBITDA %
1H 2H
+21.2% 17.6%
vs PCP 16.9%
805
731
664 13.0%
289.0
+23.3%
vs PCP 11.6%
222.2
455
+45.9%
408 53.9 vs PCP
368 174.3 8.2%
296
135.2
317.6
257.5 31.3
194.4
55.8
147.9 24.8
113.0
38.2
13.9
23.0
12.6
Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 FY22 FY23 FY24 FY25 FY26 6.6
FY22 FY23 FY24 FY25 FY26
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• 1 See appendices for further details on categorisation of customer numbers.

• 2 Underlying EBITDA is calculated as Net Profit After Tax adjusted for tax, interest, depreciation & amortisation, share-based consideration, restructuring costs and M&A-related costs. Excludes discontinued operations (FY22 only). Refer appendices for reconciliation.

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7 HY26 Results | Superloop Limited

. Broad based revenue uplift across all segments

Strong revenue growth in Consumer (+29%) from record organic volumes and ARPU expansion. Business growth now strengthening and sustained Wholesale growth as we enable Challengers to take share from legacy providers.

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Consumer Revenue ($m) Business Revenue ($m) Wholesale Revenue ($m) [1]
Note: FY25 included pass-through revenue relating to Wholesale customer CPE,
now supplied by customer directly (1H25: $1.4m, 2H25: $2.1m, 1H26: $nil)
1H 2H 1H 2H 1H 2H
45.0
+27.8%
193.4 +29.0% 51.4 52.7 vs PCP
vs PCP 51.6
+4.0%
vs PCP
145.7 44.8
25.1
22.1
20.3
101.9
46.7
219.7
71.6 170.3 48.1 52.6 52.2 54.3 36.6
118.9 35.7 21.8 23.0
18.0
77.9
59.3
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26
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1 Wholesale segment revenue presented on an Underlying basis. Excludes amortised Origin share-based consideration that reduces reported revenue (1H25: $1.6m, 2H25: $2.1m, 1H26: $3.1m). Refer appendices for reconciliation.

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8 HY26 Results | Superloop Limited

. Segment Revenue & Gross Margin

Business and Wholesale represent 46% of gross margin with improving margin quality

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Group Revenue ($m) Gross Margin ($m)
14%
26% Gross YoY
1H26 Consumer Segment Margin (%) Change (%)
Business 17%
$317.6 69% $111.9 54% Consumer 27.5% +0.4%
Wholesale
Business 41.9% +2.1%
20% Wholesale 65.9% +5.6%
Group Revenue ($m) Gross Margin ($m)
14%
23%
1H25 20%
$257.5 66% $88.0 53%
24%
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9 HY26 Results | Superloop Limited

. Record organic Customer growth in Consumer segment

Successfully responded to market changes with 49k net new customers in the half

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1H26 Results Sustained strong revenue growth ($m) Record organic Customer growth (000)
1H25 1H26
49
($m) ($m) YoY (%)
32.5%
46
Revenue 170.3 219.7 29%
28.4%
Direct costs (124.2) (159.3) 28% 28.1% 27.1% [27.6%] [27.5%] 37
34
Gross Margin 46.1 60.4 31% 24.7%
Gross Margin % 27.1% 27.5% 0.4%
219.7 26
24
193.4
170.3
Revenue: Increased by 29% to $219.7m driven by
145.7
volume growth and ARPU expansion. 10
118.9
Gross Margin: Gross margin of $60.4m (+31%) 101.9
and GM% of 27.5%, up 0.4% from 1H25. GM%
77.9
remains above long-term target of 25%. 1H23 2H23 1H24 2H24 1H25 2H25 1H26
Superloop continues to be a leader in high-speed
plans. 41% of new nbn orders in the market were • Record organic growth with 49k net new customers
=>500mbps in 1H26, with Superloop taking 15.1% •
Strong adds performance across both quarters (Q1:
share.
26k, Q2: 23k), demonstrating continued success as
1H23 2H23 1H24 2H24 1H25 2H25 1H26 we have navigated industry changes including nbn
speed bestowal and new unbundled offers from
Revenue ($m) GM% legacy providers
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10 HY26 Results | Superloop Limited

Wholesale revenue[1] up 28% as we enable Challengers. Acceleration in customer growth in last 2 months sets Wholesale up for a strong 2H26

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1H26 Results [1] Strong revenue growth ($m) Revenue Bridge: 2H25 vs 1H26 ($m)
1H25 1H26 U.Revenue ($m) U.GM% 4.8 46.7
($m) ($m) YoY (%) 45.0 (1.0)
(2.1)
Revenue –
36.6 46.7 28%
underlying [1] 68.2%
63.6%
Direct costs (13.9) (14.9) 7% 61.4% 62.1%
58.9% 59.3% 59.7%
Gross Margin –
22.7 31.9 40%
underlying [1] 46.7
45.0
GM % - underlying 62.1% 68.2% 6.1%
2H25 Symbio Modem pass- Growth 1H26
Underlying through Underlying
Revenue: Increased 28% to $46.7m (excluding 36.6 revenue
Origin share-based consideration), with growth
across both Origin and other Wholesale channels.
25.1 •
Note that prior periods (1H25 and 2H25) included 23.0 Revenue growth of $4.8m (excluding loss of Symbio
pass—through revenue (no mark-up) for the 21.8 22.1 contract and cessation of modem fulfilment)
temporary fulfilment of modems for a customer, •
Increase of 20k Customers to 258k, including 15k in
now undertaken by them directly (1H25: $1.4m,
the ~7 week period post-AGM data (11 November)
2H25: $2.1m, 1H26: $nil).
Gross Margin: Generated $31.9m at a gross 1H23 2H23 1H24 2H24 1H25 2H25 1H26
margin of 68.2%.
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1 Wholesale segment financials presented on an Underlying basis. Excludes amortised Origin share-based consideration that reduces reported revenue (1H25: $1.6m, 2H25: $2.1m, 1H26: $3.1m). Refer appendices for reconciliation.

11 HY26 Results | Superloop Limited

. Business revenue showing stronger growth, up 4%

Continued momentum in Smart Communities and wins in Secure Connectivity driving improved margins

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Returning to stronger revenue growth with
1H26 Results
improving gross margin
1H25 1H26 Revenue ($m) GM%
($m) ($m) YoY (%)
Revenue 52.2 54.3 4.0% 41.9%
41.2%
40.1% 40.5% 39.9% 39.7%
Direct costs (31.5) (31.5) 0.3%
36.1%
Gross Margin 20.7 22.7 9.6%
54.3
Gross Margin % 39.7% 41.9% 2.1%
52.6 52.7
52.2
51.6 51.4
Revenue: Increased in the period to $54.3m.
48.1
Gross Margin: Increased $2.0m to $22.7m.
Trading:
• Business customers increased by 5k to 112k
• Signed 10.6k new lots in 1H25 including 7.2k new
Student Accommodation beds and 3.5k FTTP lots.
Pipeline remains strong in Smart Communities.
1H23 2H23 1H24 2H24 1H25 2H25 1H26
1 Lot = individual FTTP lot or student accommodation bed.
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New Business logos
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12 HY26 Results | Superloop Limited

1 Lot = individual FTTP lot or student accommodation bed.

. Leading the Challenger segment, strong net adds (+74k) in 1H26 Consumer segment responded to new market changes with record 49k new customers[1] in 1H26

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Superloop Group (000) Consumer (000)
74 805
67 49 435
209 664 26
37 360
46
277
47
408
Dec-23 2H24 1H25 Dec-24 2H25 1H26 Dec-25 Dec-23 2H24 1H25 Dec-24 2H25 1H26 Dec-25
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Consumer

• Added 49k new customers in 1H26 and 75k over the last 12 months

• Record organic growth, with marketing investment performing well. New customers up 32.4% vs PCP.

• Continued market share gains on high-speed nbn plans. Consumer order share in 1H26 of high speed plans (1,000Mbps) of 34.1%

• New Exetel plan, launched 1 July 2025 continues to track well

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Business (000) Wholesale (000)
5 112
8 20 258
33
10 99
93 (3) 165 205
36 4
Dec-23 2H24 1H25 Dec-24 2H25 1H26 Dec-25
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• 1 See appendices for further details on categorisation of customer numbers.

• 2 Includes customers new to Superloop Group only. Note excludes any Exetel or Superloop customer transfers.

Business

• Business customers increased by 5k to 112k.

• Volume increase driven by small business internet and increased activation within Smart Communities

Wholesale

• Wholesale customers increased by 20k to 258k. In 1H25, the migration of the Origin customer base was completed.

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13 HY26 Results | Superloop Limited

. Update

Financial Performance

Introduction & Highlights

Operational Update

FY26 Outlook

Appendices

Q&A

Acquisition

. Growth in Superloop brand metrics during 1H26

Across all key indicators of brand strength, Superloop has momentum

Prompted Awareness

Awareness improved fuelled by above-the-line media investment. Word of mouth also played a significant role, with Superloop one of only two brands in category to consistently achieve positive NPS.

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Brand Awareness (Prompted)
H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26
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Growth in
Awareness
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Growth in Prompted Awareness H1 FY25 v H1 FY26 Compared to other broadband competitors

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Since 1H25, Superloop has outperformed all key competitors in prompted awareness growth.

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Branded Search

Branded Search has continued its previous momentum, with half-onhalf growth above 10% for both of the last two periods.

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Superloop Branded Search
2023 H1 2023 H2 2024 H1 2024 H2 2025 H1 2025 H2 2026 H1
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Site Traffic

Site traffic to Superloop has held above 3 million for last two halves. Continuous improvements to both Google & AI assistant searchability should see further growth.

Superloop Site Traffic

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2023 H2 2024 H1 2024 H2 2025 H1 2025 H2 2026 H1
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Source : Zenith Brand Tracking Research 2023 - 2026

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15 HY26 Results | Superloop Limited

. Digital support models, enabling scale and efficiency

Customer inbound support calls per customer down 30% over last 18-months

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AI/Workflow automation is redefining customer
support touchpoints
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Refreshify/Xray
interactions
Teddy/Mo
webchat
interactions
Human agent
voice/chat
interactions
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Jun-24 Dec-24 Jun-25 Dec-25

• Refreshify/Xray (Workflow automation): One click automation that lets customers instantly resolve in-home connectivity issues.

• AI Agents (Teddy/Mo): now handling more customer interactions than human agents and delivering a higher CX score

• Exetel One – refreshed operating model that is digital only supporting a simplified FTTP only product offered on a single plan/price

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Opportunity to further reduce support voice calls
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30% reduction
Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25
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• Calls reducing by 30%: Inbound voice support is our most expensive channel. Despite strong subscriber growth, voice call in rates have materially declined over last 18 months

• Additional opportunities: Further automation, with AI embedded works in progress on four key processes

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16 HY26 Results | Superloop Limited

High-demand products leveraging . our infra-on-demand platform

Powerful scale as we leverage our assets

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CONSUMER BUSINESS WHOLESALE
Internet, Data & nbn Products
Mobile & Voice
Products: SD-WAN, SASE, Security & Managed WAN
Managed Wi-Fi and On-net Fibre-to-the-Premise
White-label Solutions
Professional Services
Internet Transit, Backhaul, Capacity & Ethernet
AI: Teddy Refreshify Mo
‘Infra on
Integrated Global Single operating
Enablers: demand’
digital stack resources model
Network
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17 HY26 Results | Superloop Limited

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Our Network.
TO SINGAPORE
>100,000 fibre route km across
international networks [1]
Increasing traffic on our network
creates operating leverage
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2,400 > 2,500 km
On-net data centres / sites in of owned strategically
Australia / worldwide located CBD and metro
including over 1,900 on-net fibre within Australia
commercial buildings
Brisbane Sydney Melbourne
>170,000 >1.35M
Contracted on-net Smart Installed capacity for nbn
Communities lots [2] internet customers
1 Combination of owned, indefeasible right to use and leased fibre.
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• 2 Lot = individual FTTP lot or student accommodation bed.

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18 HY26 Results | Superloop Limited

Performance.

Financial Performance

Introduction & Highlights

Operational Update

FY26 Outlook

Appendices

Q&A

Acquisition

1H26 Financial Performance.

Strong revenue growth, disciplined opex control and sharply expanded earnings growth. Cash generation increasing

$m 1H25 1H26 Change ($m) Change % Revenue 257.5 317.6 +60.1 Gross Margin 88.0 111.9 +23.9 Operating Expenses1 (51.9) (60.6) (8.6) Underlying EBITDA2(Guidance Basis) 38.2 55.8 +17.6 Reported EBITDA 25.0 48.3 +23.2 Net Profit/(Loss) After Income Tax (7.8) 5.1 +12.9 Free Cash Flow3 16.0 32.2 +16.3 102.1% nm 93.0% 45.9% 16.6% 27.2% 23.3% Consumer up 29% from record net adds, Wholesale up 28% Ahead of service revenue growth. Wholesale gross margin quality, strongly up. Group gross margin flat at 35.2% Expenses up $8.6m with marketing up $5.1m Opex/Revenue4decreased from 15.4% to 13.4% Up 45.9%, a combination of strong revenue growth and controlled expenditure. Underlying EBITDA Margin up 2.8% to 17.6% Cash generation increasing. Operating free cash conversion remains strong at 96% of Underlying EBITDA

• 1 Operating Expenses excludes share-based consideration, restructuring costs and M&A-related costs.

• 2 Underlying EBITDA is calculated as Net Profit After Tax adjusted for tax, interest, depreciation & amortisation, share-based consideration, restructuring costs and M&A-related costs. Refer appendices for reconciliation.

• 3 Free Cash Flow is calculated as the operating cash flow less investing cash flow adjusted for acquisition and disposals (including 3-year IRU).

• 4 Opex/Revenue is calculated by dividing Operating Expenses (ex Doubtful Debts and Marketing Expenses) by Revenue.

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20 HY26 Results | Superloop Limited

. with all segments contributing

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Gross Margin ($m) Gross Margin bridge: 1H26 v. 1H25 ($m)
Gross Margin ($m)
GM %
111.9
2.0 7.6
Wholesale GM 65.9%
38.0%
33.5% 35.3% 34.4% 34.2% 35.2% 35.2% 88.0 14.3 28.8 (+5.6% vs. PCP)
+$23.9m
21.1
Higher quality Business GM 41.9%
22.7
111.9 gross margin (+2.1% vs. PCP)
101.7 from Business &
88.0 20.7 Wholesale
76.4
67.4 68.7
49.5
60.4 Consumer GM 27.5%
46.1 (+0.4% vs. PCP)
1H25 Consumer Business Wholesale 1H26
1H23 2H23 1H24 2H24 1H25 2H25 1H26
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21 HY26 Results | Superloop Limited

. Disciplined opex control and efficient scaling

Digital and AI investments demonstrating scalable operating model with flat employee expenses Marketing growth delivered record consumer customer growth and increased brand awareness

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Operating expense by Type ($m)
+$8.6m
(+16.6%)
60.6
51.9 51.0
16.3 +$5.1m vs. PCP
46.2 45.9
11.2 10.0
41.5
38.0 9.2 9.3
7.3 14.3 +$3.3m vs. PCP
7.0 11.0 11.0
10.0 9.8
9.3
7.3
29.8 30.0 30.0 +$0.2m vs. PCP
23.7 24.9 27.0 26.8
1H23 2H23 1H24 2H24 1H25 2H25 1H26
Employee Expenses Other Opex Marketing
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Opex/Revenue [1]
21.0%
18.7% 18.5%
16.2%
15.4%
13.5% 13.4%
318
289
257
222
195
175
149
1H23 2H23 1H24 2H24 1H25 2H25 1H26
Revenue ($m) Opex/Revenue (%)
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22 HY26 Results | Superloop Limited

1 Opex/Revenue calculated by dividing Operating Expenses (ex-Doubtful Debts and Marketing Expenses) by Revenue.

. Accelerating our digital/AI investments

Targeted capex driving efficiency, improved customer experience and operating leverage

FY26 capex guidance of $32m-$35m weighted towards 1H26. 1H26 capex of $21.0m[1] included:

• Digital & Transformation: $5.2m invested in significant digital upgrades including:

• Embedding AI throughout the digital stack including Teddy and Mo agents and back-end processes

• Consumer mobile app and the award-winning Refreshify tool

• Network Inventory system, predictive monitoring and fault correlation to support enhanced operational efficiency.

• Growth Capex – Shared: $7.3m on network upgrades and capacity expansion, future proofing the network to ensure the best end-user experience. Network capable of supporting ~1.35 million nbn services.

• Growth Capex – Customer: $7.7m on fibre builds and customer connection capex, including Smart Community FTTP builds.

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1H26 Capex Capex/Revenue
Category ($m)
Capex ($m) Capex/Revenue (%)
Digital & Transformation 5.2 5.4% 7.7% 5.9% 6.1% 5.8% 6.6%
4.6%
21.0
Growth Capex – Shared 7.3
15.0
13.4 13.5 13.4
Growth Capex – Customer 7.7 11.4
8.1
Replacement 0.8
Total 21.0
1H23 2H23 1H24 2H24 1H25 2H25 1H26
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23 HY26 Results | Superloop Limited

1 Excludes IRU which was renewed Oct-25 for $26.4m (as per guidance)

. Quality earnings enabling increased cash generation

Free cash flow up 102% to $32.2m. Group has strong balance sheet and funding position.

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Metric 1H26 Gross operating cash flow of $53.5m, Strong Free Cash Flow of $32.2m,
conversion of 96% up 102% YoY
Gross Operating Cash Flow [1] $53.5m
Full cash flow bridge included in Appendices.
Gross Operating Cash Flow Conversion [2] 96% 1H 2H 1H 2H
Free Cash Flow [3] $32.2m
Net Cash Flow $9.4m
56.3
Net Cash / (Debt) [4] $3.9m
+102%
Indicative Net Leverage Ratio n/a (net cash) +43% vs PCP
50.7 vs PCP 40.4
Indicative Interest Cover Ratio 28.0x 29.2
23.2
16.7
• Positive net cash position of $3.9m. Debt covenants 32.2
31.1 19.8
comfortably below thresholds. 16.0
• Refinancing completed Oct-25, new $300m 4-year loan 32.6 (25.9) 12.5
53.5
facility with substantial improvement in terms. 3.4
(14.9)
• Non-BAU payments in 1H26 included IRU ($26.4m), 37.3
25.5
VostroNet earn-out ($9.0m) and Frontier acquisition (11.0)
13.0
($11.3m). nm
• Lightning Broadband acquisition to be funded using FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26
existing $300m facility. Substantial covenant headroom
after acquisition completes.
1 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees (does not include acquisition consideration treated as remuneration).
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• 2 Gross Operating Cash Flow Conversation calculated by dividing Gross Operating Cash Flow by Underlying EBITDA.

• 3 Free Cash Flow is calculated as the operating cash flow less investing cash flow adjusted for acquisition and disposals (including 3-year IRU). 4 Net debt is calculated as cash ($83.9m) minus bank borrowings ($80.0m). Does not include bank guarantees.

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24 HY26 Results | Superloop Limited

Outlook.

Financial Performance

Introduction & Highlights

Operational Update

FY26 Outlook

Appendices

Q&A

Acquisition

“DOUBLE DOWN“ PROGRESS

. growth to date

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Revenue run-rate
Jun-26:
1H26: On Track $700m [1]
Underlying EBITDA [3] run-rate
Jun-26:
1H26: On Track
Mid-high
teens % [2]
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NPATA >$0
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Net Profit after Tax >$0
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• 1 June 2026 monthly Revenue, annualised

• 2 June 2026 monthly Underlying EBITDA annualised, target of “mid-to-high teens” Underlying EBITDA margin (15% - 19%).

• 3 Underlying EBITDA is calculated as Net Profit After Tax adjusted for tax, interest, depreciation & amortisation, share-based consideration, restructuring costs and M&A-related costs. Refer appendices for reconciliation.

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26 HY26 Results | Superloop Limited

. range for FY26

Upgraded FY26 guidance

FY26 Guidance FY25 Actual • Underlying EBITDA[[1]] of $112m-$120m (21%30% growth on FY25). Previously $109m$117m Underlying EBITDA[1] $112m - $120m $92.2m • Capital expenditure guidance remains at $32-$35m, excluding IRU which was renewed Oct-25 for $26.4m • Lightning Broadband acquisition subject to Capex (excluding IRU) $32m - $35m $28.4m regulatory approvals, expected to complete in 4Q26, no contribution currently assumed in earnings or capex guidance.

• Underlying EBITDA[[1]] of $112m-$120m (21%30% growth on FY25). Previously $109m$117m

Investor Day will be scheduled for June 2026

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27 HY26 Results | Superloop Limited

1 Underlying EBITDA is calculated as Net Profit After Tax adjusted for tax, interest, depreciation & amortisation, share-based consideration, restructuring costs and M&A-related costs. Refer appendices for reconciliation.

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Acquisition
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Broadband.

. Our Smart Communities Journey

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.
Acquisition of Lightning Broadband accelerates our scale
Expands Smart Communities into Fibre to the Expansion into Retirement Living
Premise (FFTP) market & Lifestyle Communities
RSP-ready
Adds end-to-end capability as a Statutory Infrastructure Wholesale
Provider (SIP) Platform
Landmark Developer Wins
2016 2018 2020 2022 2024 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
PBSA (Student Accom) foundation Addition of Strategic Metro Superloop Acquires
for Superloop Smart Communities Fibre Footprint Lightning Broadband
Established PBSA credentials (student Adds ~2,000 route km’s of deep Adds ~54K contracted
accommodation connectivity, managed metro fibre FTTP lots.
WiFi, in-building networks)
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HY26 Results | Superloop Limited

Fibre to the Premise (FTTP) Challenger.

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A scaled, national Enhanced market Infrastructure Leverages Strong financials:
FTTP network standing with ownership, with Superloop’s existing High gross margins
challenger developers and strong moat and fibre and operations, and annuity style
major Retail Service contracted revenue transforming revenue streams
Providers (RSPs) growth network economics
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30 HY26 Results | Superloop Limited

. Acquisition Overview

• Superloop has signed a binding Share Purchase Agreement (SPA) with the shareholders of Lynham Networks Pty Ltd (Lightning Broadband) to acquire 100% of the company (the Acquisition) for cash consideration of $165 million (subject to completion adjustments)

• Represents a ~15x FY27 EV/EBITDA multiple based on management expectations for FY27 and ~10x on a post synergies basis[1]

• The Acquisition will be funded from existing cash and debt facilities

• Net Debt levels remain low at expected ~1.4x EBITDA at completion

• In FY27, Lightning Broadband EBITDA forecast to be $11 million (pre-synergies)

• It is anticipated that annual synergies of $5m will be achieved within 3 years. Within the first full year of ownership, it is anticipated that $2 million of run-rate synergies will be realised and the balance in the next two years. Superloop’s network and scale will also improve ongoing economics.

• The Acquisition is expected to be EPS accretive in FY27

• The Acquisition is subject to conditions precedent, including regulatory approvals from the ACCC

• The Acquisition is anticipated to complete in the 4[th] quarter of FY26

31 HY26 Results | Superloop Limited

1 Post-synergies EV/EBITDA multiple is based on the FY27 standalone EBITDA adjusted for the total synergies of $5m, which are anticipated to be achieved within 3 years.

. Lightning Broadband

Wholesale network with ~54,000 contracted lots and 14,000 active services

~14k ~24k

Built lots

Active Services (SIOs)

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Lynham Networks (Infrastructure owner)
Wholesale Access
(Open & uniform access to
all Retail Service Providers)
Lightning Broadband Other Retail Service
(In-house retail) Providers (RSP)
End users:
Residents & Businesses
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~30k Contracted book

~54k

Total contracted Lots

• Builds and maintains fibre-to-the-premises (FTTP) infrastructure as the Statutory Infrastructure Provider (SIP), servicing residential homes, apartments and commercial properties

• Installation of fibre into each property, provides a strong moat, as overbuild has commercially difficult investment case

• Operates an open-access wholesale network across 400+ locations across VIC, NSW, ACT, SA, QLD and WA

• Retail business unit of Lynham Networks

• Lightning Broadband is a RSP operating primarily on the Lynham FTTP network.

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32 HY26 Results | Superloop Limited

Notes: (1) MDU: Multi-Dwelling Unit ; (2) SDU: Single-Dwelling Unit

Accelerating our market standing

• Lightning historically strong in Multi-Dwelling Units (MDU’s)

• Superloop brings expertise in broadacre, built-to-rent (BTR), and purpose-built student accommodation (PBSA)

Complementary market segments

• Post acquisition, strongly positioned to compete in all segments

. reach and standing

• Ability to lift utilisation rates across the existing footprint through access to larger and more well-known Retail Service Providers (RSPs)

Increased RSP reach

• Overall range of RSP’s more than doubled

• Complimentary developer relationships between Lightning and Superloop

• Expanded national coverage

Additive developer base

• Doubled sales team reach and pipeline

• Product set/capabilities increased

• Superloop fibre improves underlying network economics

Expanded products and addressable market

• Increased addressable market

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33 HY26 Results | Superloop Limited

Lightning Broadband – Strong revenue growth, . with annuity style cashflows

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STRONG REVENUE GROWTH
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30% CAGR
FY22 FY23 FY24 FY25 FY26F
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Long-dated,
REVENUE SPLIT
inflation-resilient cashflows
• High recurring revenue from
• Stable occupancy rates drive
consistent cashflow.
15% •
(>25 years).
High operating leverage
•
once built.
85%
•
new service is high.
• EBITDA scales rapidly with
penetration uplift.
Wholesale Retail
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Long-dated, inflation-resilient cashflows

• High recurring revenue from wholesale access and retail overlays.

• Stable occupancy rates drive consistent cashflow.

• Long economic life of deployed fibre (>25 years).

High operating leverage

• Network cost base is largely fixed once built.

• Incremental gross margin on each new service is high.

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34 HY26 Results | Superloop Limited

. Acquisition provides long-term organic growth

Completing build of contract book would double size of the current built network

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Future
contracted
SUPERLOOP PRO FORMA LOTS AFTER ACQUISITION (000) network
2.8x Active
Services
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Contracted order book enables growth

• Developers commit to stages, often years in advance.

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often years in advance. 85.5 170.3
• Combined contracted order
book of ~85k lots for future
delivery, providing forward
earnings visibility
24.9 84.8
• Lightning Broadband has MDU-
weighted contract book with 59.9
shorter construction timelines
Active Ready for Service Connected Network To be Built Contracted Network
Current (Superloop) 45.5 15.6 61.2 55.5 116.6
Combined 59.8 24.9 84.8 85.5 170.3
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35 HY26 Results | Superloop Limited

. Synergy Realisation

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enable strong synergies
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• ~$5 million of annualised cost synergies expected to be realised within 3-years

• Recently purchased Uecomm network will enable

• Superloop intercapital and international network can

• Superloop existing operations already support 803k

• Combined FTTP footprint presents an attractive

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Melbourne –
Locations mapped to Superloop fibre
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HY26 Results | Superloop Limited

Acquisition Summary

Accelerating Superloop into a scaled FTTP challenger

Provides increased scale and stronger market standing

Provides long-term, contracted organic revenue growth

. challenger

Superloop assets enable efficient integration, synergies and improved ongoing economics

High quality, annuity style revenues with contracted growth

Strong “moat” that protects the high quality, long-term revenue streams

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37 HY26 Results | Superloop Limited

Q&A.

Financial Performance

Introduction & Highlights

Operational Update

FY26 Outlook

Appendices

Q&A

Acquisition

. Appendices

Financial Performance

Introduction & Highlights

Operational Update

FY26 Outlook

Appendices

Q&A

Acquisition

. Group Income Statement

Group Income Statement.
Reported $m 1H25 1H26 Change Revenue 257.50 317.60 60.10 Direct Costs (169.53) (205.72) (36.18) GROSS MARGIN 87.97 111.89 23.92 Other Income 0.62 1.38 0.77 Operating Expenses (63.58) (65.02) (1.44) EBITDA 25.01 48.25 23.25 Depreciation & Amortisation (39.15) (34.60) 4.55 Net Interest Expense (2.80) (3.22) (0.42) Foreign Exchange Gains/(Losses) (0.10) (0.06) 0.04 Share of Net Gains/(Losses) from Investment in Associate - (0.02) (0.02) NET PROFIT BEFORE TAX (17.04) 10.35 27.40 Income Tax (Expense)/Benefit1 9.27 (5.24) (14.50) NET PROFIT AFTER TAX1 (7.78) 5.11 12.89	Underlying
	1H25 1H26 Change
	259.10 320.71 61.61
	(169.53) (205.72) (36.18)
	89.56 114.99 25.43
	0.62 1.38 0.77
	(51.95) (60.59) (8.64)
	38.23 55.78 17.55
	(26.49) (24.90) 1.59
	(2.80) (3.22) (0.42)
	(0.10) (0.06) 0.04
	- (0.02) (0.02)
	8.84 27.58 18.74
	(3.02) (8.95) (5.92)
	5.81 18.63 12.81
EARNINGS PER SHARE (CENTS)2 (1.57) 1.00 2.57	1.17 3.63 2.46

1 Income Tax (Expense)/Benefit adjustments in Underlying NPAT include estimates of the tax effect of any Underlying pre-tax adjustments and other non-BAU tax items including the tax benefit realised in relation to the recognition of prior year losses 2 Calculated as NPAT divided by the weighted average number of shares in the period (1H25: 495,136,866 shares, 1H26: 512,812,918 shares).

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40 HY26 Results | Superloop Limited

. 1H26 Reported to Underlying NPAT

$m 1H26 Reported Origin Share Consideration Share Based Payments - Employees Restructuring Costs Transaction Costs Amortisation of Acquired Intangibles 1H26 Underlying Revenue 317.60 3.10 320.71 Direct Costs (205.72) (205.72) GROSS MARGIN 111.89 114.99 Other Income 1.38 1.38 Operating Expenses (65.02) 3.45 0.30 0.68 (60.59) EBITDA 48.25 3.10 3.45 0.30 0.68 - 55.78 Depreciation & Amortisation (34.60) 9.69 (24.90) Net Interest Expense (3.22) (3.22) Foreign Exchange Gains/(Losses) (0.06) (0.06) Share of Net Gains/(Losses) from Investment in Associate (0.02) (0.02) NET PROFIT BEFORE TAX 10.35 3.10 3.45 0.30 0.68 9.69 27.58 Income Tax (Expense)/Benefit1 (5.24) - (0.71) (0.09) (0.01) (2.91) (8.95) NET PROFIT AFTER TAX 5.11 3.10 2.74 0.21 0.67 6.78 18.63 EARNINGS PER SHARE (CENTS)2 1.00 3.63

• 1 Income Tax (Expense)/Benefit adjustments presented in the calculation of Underlying NPAT represent estimates of the tax effect of the Underlying adjustments.

2 Calculated as NPAT divided by the weighted average number of shares in 1H26 (512,812,918 shares).

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41 HY26 Results | Superloop Limited

. Half-Year Gross Margin (Reported) by Segment

$m	1H23	2H23	1H24	2H24	1H25	2H25	1H26
Revenue - Reported
Consumer	77.91	101.92	118.87	145.69	170.33	193.37	219.68
Business	48.15	51.63	52.60	51.44	52.19	52.67	54.27
Wholesale	21.80	22.11	22.97	25.06	34.99	42.93	43.64
TOTAL REVENUE	147.86	175.67	194.43	222.20	257.50	288.97	317.60
Cost of Goods Sold
Consumer	(58.63)	(68.78)	(85.07)	(104.78)	(124.20)	(139.93)	(159.28)
Business	(30.78)	(30.95)	(31.31)	(30.92)	(31.45)	(30.98)	(31.55)
Wholesale	(8.96)	(8.54)	(9.35)	(10.09)	(13.88)	(16.40)	(14.89)
TOTAL COST OF GOODS SOLD	(98.38)	(108.28)	(125.73)	(145.79)	(169.53)	(187.31)	(205.71)
Gross Margin - Reported
Consumer	19.27	33.14	33.80	40.91	46.12	53.43	60.40
Business	17.37	20.68	21.29	20.52	20.73	21.69	22.73
Wholesale	12.84	13.57	13.62	14.97	21.11	26.53	28.76
TOTAL GROSS MARGIN	49.48	67.39	68.70	76.40	87.97	101.66	111.89
Gross Margin % - Reported
Consumer	24.7%	32.5%	28.4%	28.1%	27.1%	27.6%	27.5%
Business	36.1%	40.1%	40.5%	39.9%	39.7%	41.2%	41.9%
Wholesale	58.9%	61.4%	59.3%	59.7%	60.3%	61.8%	65.9%
TOTAL GROSS MARGIN %	33.5%	38.4%	35.3%	34.4%	34.2%	35.2%	35.2%

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42 HY26 Results | Superloop Limited

. Reported to Underlying Wholesale GM

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1H25 1H26
Origin Origin
$m Reported Share-Based Underlying Reported Share-Based Underlying
Consideration [1] Consideration [1]
Revenue 34.99 1.60 36.58 43.64 3.10 46.75
Direct Costs (13.88) (13.88) (14.89) (14.89)
GROSS MARGIN 21.11 1.60 22.71 28.76 3.10 31.86
Gross Margin % 60.3% 62.1% 65.9% 68.2%
`
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1 Origin Share-Based Consideration is the non-cash amortisation of the asset created when shares are issued to Origin Energy under the exclusive wholesale broadband agreement (signed Mar-24). Accounting treatment:

When shares are issued to Origin following satisfaction of contract milestones: DR Asset (Capitalised contract costs) CR Equity. When this asset balance is amortised through revenue over the period of the contract, in proportion with revenue: DR Revenue CR Asset (Capitalised contract costs). The amortisation amount is non-cash and reduces reported revenue and reported gross margin. It is added back in the Underlying calculation.

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43 HY26 Results | Superloop Limited

Cash flow.

$m 1H25 1H26 Change Change % Gross operating cash flow1 37.30 53.45 16.15 43.3% Transaction costs (6.72) (0.68) 6.04 (89.8%) Taxes paid - (0.20) (0.20) nm Cash inflow from operating activities 30.58 52.57 21.99 71.9% Capex (15.02) (20.99) (5.98) 39.8% Investing cash flows on IRU - (26.38) (26.38) nm Investing cash flows on M&A activities (2.74) (21.83) (19.09) 697.5% Other investing cash flows 0.40 0.67 0.27 68.3% Cash outflow from investing activities (17.36) (68.52) (51.17) 294.8% Lease payments (3.52) (3.65) (0.14) 3.9% Other financing cash flows (5.69) 29.29 34.98 (615.1%) Cash outflow from financing activities (9.20) 25.64 34.84 (378.6%) Foreign Exchange Movements in Cash 0.30 (0.24) (0.54) (179.5%) Net movement in Cash 4.32 9.44 5.12 118.4% Closing Cash 55.88 83.90 28.02 50.1% Free Cash Flow2 15.96 32.25 16.29 102.1%

• 1 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees (does not includ e acquisition consideration treated as remuneration).

• 2 Free Cash Flow is calculated as the operating cash flow less investing cash flow adjusted for acquisition and disposals (including 3-year IRU).

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44 HY26 Results | Superloop Limited

. Underlying EBITDA to net cash movement

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

35.0 (26.4)
55.8 (2.3)
53.5 (21.0)
(11.3)
(0.7) 0.5 32.2
(10.5)
(3.7)
(3.0)
(2.9)
9.4
Underlying Gross OpCF Gross Capex Transaction Other FCF Free Cash Flow Net loan IRU Frontier Prior Lease Establishment Other finance Net movement
EBITDA 1 Conversion Operating costs items (ex M&A) drawings acquisition transaction payments fees items and FX in Cash
Cash Flow 2 cashflows (incl
VostroNet
earn-out)
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2 Gross Operating Cash Flow is calculated as receipts from customers minus payments to suppliers and employees (does not includ e acquisition consideration treated as remuneration).

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1 Underlying EBITDA is calculated as Net Profit After Tax adjusted for tax, interest, depreciation & amortisation, share-based consideration, restructuring costs and M&A-related costs.

45 HY26 Results | Superloop Limited

Balance Sheet.

$m 30 June 25 31 December 25 Cash & Cash Equivalents 74.46 83.90 Trade and Other Receivables 50.32 47.97 Other Current Assets 23.14 28.50 Property, Plant & Equipment 135.21 136.30 Rights and Licences 49.13 69.51 Other Intangible Assets 50.70 48.87 Goodwill From Acquisitions 167.28 174.00 Deferred Tax Assets 25.94 26.48 Other Non-Current Assets 32.54 36.44 TOTAL ASSETS 608.71 651.95 Trade and Other Payables (94.13) (93.48) Lease Liabilities (Current) (5.04) (3.69) Other Current Liabilities (44.80) (49.15) Lease Liabilities (Non-Current) (5.70) (4.02) Bank Borrowings (45.00) (80.00) Other Non-Current Liabilities (16.80) (11.62) TOTAL LIABILITIES (211.46) (241.95) EQUITY 397.25 410.00

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46 HY26 Results | Superloop Limited

. Superloop continues its fast growth in the nbn market

Group nbn market share increased 1.5% to 7.0%[1] . Added 127K new nbn services in 12-months to 30 September 2025.

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Group nbn net adds for 12 months ending 30 Sept 2025 [1]
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+127K
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nbn Challenger Market Share and Superloop Share [1]
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7.0%
Size of
Australian nbn
broadband
5.6%
market ~ $9B [2]
3.3%
23.0%
19.8%
16.7%
Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25
Challenger Market Share Superloop Group Market Share
Market data
not yet available
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1 ACCC nbn Wholesale Market Indicators Reports (quarters to Sep-25). This is the latest publicly available data. 2 Calculation based on ACCC nbn Wholesale Market Indicators Report (Sep-25 Quarter) and ACCC Communications market report December 2024.

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47 HY26 Results | Superloop Limited

Customer Numbers: Additional 1H26 Detail.

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Customers
900
800
700
600
500
400
300
200
100
0
Dec-23 Jun-24 Dec-24 Jun-25 Sep-25 Dec-25
Consumer Business Wholesale
Customers (k)
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Customers (k) Growth (k)
31-Dec 30-Jun 30-Sep 11-Nov 31-Dec
1Q26 1H26
2024 2025 2025 2025 2025
Consumer 359.7 385.4 411.2 418.2 434.8 25.8 49.4
Business 99.4 107.4 110.2 111.7 112.3 2.8 4.8
Wholesale 204.8 238.0 239.1 243.4 257.9 1.2 19.9
Group 664.0 730.8 760.6 773.3 804.9 29.8 74.2
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* Customer numbers at 30 September 2025 and 11 November 2025 as per AGM CEO Presentation FY26 Trading Update released 13 November 2025

48 HY26 Results | Superloop Limited

Consumer

Unique customers on various access technologies such as nbn , Superloop Fixed Wireless and mobile. A single customer with multiple services (such as broadband, VoIP and mobile) only counts as a single customer.

Business

Unique end business locations on various access technologies such as Superloop Managed WiFi, Superloop Fibre, Superloop Fixed Wireless, nbn and mobile.

A single business location with multiple services (such as broadband, managed services, VoIP and mobile) counts as a single business location. A single business with 5 locations (branches) serviced by Superloop, however, counts as five business locations.

A managed WiFi customer to whom Superloop services 100 uniquely identifiable locations counts as 100 business locations. Covers all business sub-segments including SMB, mid market and enterprise.

definition.

A Fibre-to-the-Premises lot is a distinct location in a building with a separate Network Termination Device and Unique Location ID. Active = service provided to lot, Connected = service available at lot, Committed = contracted to connect to lot. Customers includes active lots only.

Wholesale

Number of customers purchasing telco offerings from Superloop plus unique end customers serviced via Superloop wholesale aggregation and white label products as defined in Consumer and Business above.

Segment Financials

Total customer numbers above may not fully align with segment revenue and COGS. Specifically, businesses purchasing certain nbn plans may be reported in the Consumer segment rather than the Business segment.

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49 HY26 Results | Superloop Limited

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. Thank you

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