WRKR LTD — Interim / Quarterly Report 2026

Feb 8, 2026

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Compliance. Simple.

PaidRight Acquisition & Q2 FY26 Quarterly Cash Report

9th February 2026

Authorised by the CEO

Wrkr Ltd ASXWRK

Level 3, Suite 1, 104 Commonwealth St Surry Hills NSW 2010

Important Notice

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Summary information

This presentation contains summary information about Wrkr Ltd (Company) (ASX: WRK) and its activities as at the date of the presentation. The information in this presentation is of a general nature and does not purport to be complete or contain all information that a prospective investor should consider when evaluating an investment decision in the Company or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth) (Corporations Act). This presentation should be read in conjunction with the Company's other periodic news releases or ASX disclosure documents as available from time to time.

Forward looking statements

This presentation contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements of the Company to be materially different from those expressed or implied in this release including, amongst others, changes in general economic and business conditions, regulatory environment, results of advertising and sales activities, competition, and the availability of resources. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this presentation. Except as required by law, the Company assumes no obligation to update or correct the information in this presentation. To the maximum extent permitted by law, the Company and its subsidiaries and officers do not make any representation or warranty as to the likelihood of fulfilment of any forward-looking statements and disclaim responsibility and liability for any forward-looking statements or other information in this presentation.

Not an offer of securities or financial products

This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with ASIC) or any other law. This presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities or any financial product nor does it constitute financial product or investment advice nor take into account your investment objectives, taxation situation, financial situation or needs. An investor must not act on the basis of any matter contained in this presentation but must make its own assessment of the Company and conduct its own investigations and analysis. Before making an investment in the Company, a prospective investor should consider whether such an investment is appropriate to their particular investment objectives and financial situation and seek appropriate advice, including legal, taxation and financial advice appropriate to their jurisdiction and circumstances.

Financial data

All financial information in this presentation is in Australian dollars ($ or AUD) unless otherwise stated. Investors should note that this presentation may contain pro forma historical and forward looking financial information. The pro forma and forward looking financial information and the historical information, provided in this presentation is for illustrative purposes only and is not represented as being indicative of the Company’s views on its future financial condition and/or performance. The pro forma financial information has been prepared by the Company in accordance with the recognition and measurement principles of Australian Accounting Standards (AAS) and the Company’s adopted accounting policies of applicable accounting standards and other mandatory reporting requirements in Australia. Investors should also note that any pro forma financial information does not purport to be in compliance with Article 11 of Regulation S-X of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Such information does not purport to comply with Article 3-05 of Regulation S-X. Investors should be aware that certain financial measures included in this presentation are ‘non-IFRS financial information’ under ASIC Regulatory Guide 230: ‘Disclosing non-IFRS financial information’ published by ASIC and also ‘non-GAAP financial measures’ within the meaning of Regulation G under the U.S. Securities Exchange Act of 1934, as amended, and are not recognised under AAS and International Financial Reporting Standards (IFRS). The non-IFRS financial information / non-GAAP financial measures include EBITDA and EBIT. The Company believes the non-IFRS financial information / non-GAAP measures provide useful information to users in measuring the financial performance and conditions of the Company. The non-IFRS financial information / non-GAAP financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non-IFRS financial information is not a measure of financial performance, liquidity or value under the IFRS and may not be comparable to similarly titled measures presented by other entities, and should not be construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Investors are cautioned, therefore, not to place undue reliance on any non-IFRS financial information / non-GAAP financial measures included in this presentation.

Who We Are

We are a Regtech company transforming compliance from hire to retire .

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Our Purpose

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Streamlined Operations

We aim to streamline onboarding, pay & benefits through a unified platform approach.

Initial Market Focus

Our initial market is superannuation, establishing credibility in a high-trust regulated sector.

To make compliance effortless.

Wrkr Ltd ASXWRK

Who We Are

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Wrkr Q2 Snapshot ASXWRK

Contracted Users Acquisition of Target 5 million PaidRight Holdings Actively onboarding Jan-June 2026 Pty Ltd Talent Acquisition

Market Leadership

36%

Market Share of Top 3 Funds

Captured or retained the Top 3 super funds in the Australian market. With AustralianSuper, Australian Retirement Trust Beam and Rest Super.

Rest Pay Go Live Headcount of 80 63 at 30 June 2025 Key Wins & Growth AustralianSuper 3.6m member accounts / 160k employers Cash Balance AustralianSuper Production Testing $16.18m Rest Super commencement 2m member accounts / 30k employers As at 31Dec-2025 As at 31 Dec 2025 Early March launch date

3.6m member accounts / 160k employers

Wrkr Ltd ASXWRK

Snapshot 2025

Compliance Software at Scale

One Platform. Three Compliance Lanes.

Money Credentials Messages Superannuation Licences ATO Reporting Wages & Payroll Tax IDs TFN/ABN, SMSF ESAs Regulator Data Disbursements Industry Checks Super Funds

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One Unified Platform

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Industry Reach

Each 'compliance moment' uses the same underlying technology infrastructure.

Built once, Wrkr can reach every industry and scale compliance.

Wrkr Ltd ASXWRK

Platform Architecture

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Where Our Platform Can Reach
Every Employer. Every Industry.
MARKET PROVEN FIRST REVENUES EXPANSION PHASE
Super Onboarding Compliance Pay
First revenues secured. Next major segments Strategic expansion from Phase 1. Addressing
Market proven & creates credibility. The targeted for growth. complex wage compliance needs.
foundation of our platform reach.
Established Credibility SCALABLE CHECKS FUTURE VALUE
Credential Verifications Benefits & Rewards
Licences, qualifications, and industry checks Additional value-add services to enhance employee
integrated into the workflow. engagement and retention.
Scalability
"Wrkr can scale across industries and customers
We believe each targeted addressable market represents a similar
efficiently from our core platform."
market value and opportunity to Super.
Wrkr Ltd ASXWRK Market Reach Strategy
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Channels to Market / Business Model

Diversified Revenue Streams & Scalable Growth

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CHANNEL 1 CHANNEL 2 CHANNEL 3 White Label Tenants Wrkr Branded Platform Direct-to-Employer Collaborative growth through strategic Scaling with Managed Payrolls and Digital Direct sales and onboarding for enterprise alliances with major funds and institutions. Service Providers DSPs. and SME employers on the Wrkr brand. Supporting Fund brands on the Wrkr Platform Fee split or other arrangement Channel Sales 100% Revenue Take

Wrkr Ltd ASXWRK

Business Model

Starting with Super

Foundational Market Strategy & Growth Drivers

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Superannuation is a Concentrated Market

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High Trust Market

Super is complex, regulated, and universal—requiring strong, enterprise-grade compliance technology. This creates high barriers to entry for competitors.

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Top 10 super funds represent 70% of the 22 million active members.

Source: APRA, 30-Jan-2025, “Annual fund-level superannuation statistics 2024”

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Focus Strategy

Targeting the largest funds drives maximum employer and member reach with efficient sales effort."

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Regulatory Tailwinds

Payday Super 1 July 2026 increases transaction volume and drives interest in Wrkrʼs compliant platform capabilities.

Partnership Accelerates Growth

Wrkr partners to offer an integrated solution to MUFG , expanding reach and validating the platform with Australian and global financial institutions.

Network Effects Starting

Launching with leading funds establishes early credibility, creating an opportunity for other funds to view Wrkr as a potential industry standard.

Wrkr Ltd ASXWRK

Market Strategy

Q2 Cash Flow Highlights

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FY2026 YTD Operating Cash Flows
$64k
113% pcp
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FY2026 YTD Cash Receipts
$7.23m
72% pcp
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Cash Balance
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$16.18m As at 31Dec-2025

Q2 FY26 Cash Movements

$3.2m cash receipts from MUFG milestone payments, development & implementation work for major customers, and existing Wrkr PAY transactional activity

$1.8m continued strategic capital investment

Operating expenses $3.8m (controlled expenditure for growth)

Q2 cash receipts of $3.2m were $0.79m lower than prior quarter reflecting unpaid in overdue invoices of $0.85m at 31 Dec 25

Wrkr Ltd ASXWRK

Financial Highlights

Growth Initiatives

Three Pillars of Strategic Expansion

Expand Super

ATO SBCH Closure

Build on Rest & AustralianSuper rollouts with the goal of taking on additional funds.

Opportunity to access 275k SME market and accountants servicing 960k employees . ClickSuper Migration

Expand Payroll

Positioned to white-label and scale with Strengthens platform stickiness and drives Managed Payrolls on the back of Payday ARPU growth opportunity through migration. Super reforms .

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Disciplined Investment

Increase ARPU Target acquisitions in compliance moments: wage, licence, and credential verification . Expand Markets Service early adopters with wider compliance moments across credentials and pay sectors.

Wrkr Ltd ASXWRK

Growth Strategy

Strategic Acquisition: PaidRight Holdings Pty Ltd

Accelerating Phase 2 Growth Strategy Beyond Super into Pay Compliance

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Transaction Value Strategic Rationale
"The acquisition combines WRKRʼs platform scale with PaidRightʼs
A$13.9m innovative payroll technology to transform compliance for millions of
Based on Wrkr share price at close of business on Australian employers."
acquisition completion date plus acquisition costs
100%
Enhanced Accuracy Real-Time Compliance Entire Pay Cycle
Acquisition of Issued Capital
Consideration Structure
Execution Timeline
90.9m Shares
4.8% of Issued Capital
Q2 FY25 29 Jan 2026 5 Feb 2026
100% Scrip Announcement EGM Approval Completion
No Cash Raised
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Strategic Acquisition

Wrkr Ltd ASXWRK

PaidRight: Proven Pay Compliance Technology

ORIGINS Born from CSIRO Data61 'RegTech' & PwC Ventures

Technology Capabilities

500k+

Core Tech Proven IP Advanced logic-based AI 10 years of R&D Interprets complex awards & EAs and intellectual property investment

Australians Paid Correctly

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$15B

Wages Processed 5 Yrs

Capable of handling 72,000 interpretations in the General Retail Industry Award alone.

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Core Solutions

PayPrecision 01 Real-time checks before pay approval

Enterprise Validation Trusted by Market Leaders

Technology deployed by some of Australia's largest employers across thousands of job types, validating the platform's capability to handle scale and complexity.

Wage Remediation 02 Historical review using platform

FY25 Financial Performance

Operating Revenue

Payroll Risk Assessment 03 Rapid 10-day health check

$3.4m

Unaudited)

Wrkr Ltd ASXWRK

PaidRight Technology Overview

Powerful Combination: WRKR  PaidRight

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Unlocking Strategic Synergies

Integration Funding

Complementary Strengths

Integration Funding A$1.52.0m Allocated Real-time Pay Engine Award Expertise Enterprise-grade IP Deep Tech R&D Product Dev 50% Growth 30% Working Cap 10% Trans. Costs 10%

PaidRight

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Target Timeline

Current State

Target State

Standalone Operations Integrated Business Q3 CY26 Leverage Wrkr operations & increasing ARR mix

Common DNA

CEO Trent Lund (co-founder via PwC Ventures) – shared mission & history.

Strategic Synergies & Roadmap

Wrkr Ltd ASXWRK

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Thank you Questions?

ASXWRK wrkr www.wrkr.com.au

Head Office Level 3, Suite 1 104 Commonwealth St Surry Hills NSW 2010

Wrkr Ltd ASXWRK