ikeGPS Group 1H FY26 Performance Update - Amended

For immediate release, 28 October 2025
ikeGPS Group 1H FY26 Performance Update
Another strong period of growth (+47% Exit Run Rate of subscription revenue vs pcp)
FY26 guidance reiterated for ~35% or greater growth in platform subscription revenue and EBITDA
breakeven on a run-rate basis

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to provide a performance update for the
six-months to 30 September 2025. All figures are in NZD, rounded to the nearest decimal.
• Exit run rate (ERR) of platform subscription revenue ~NZ$19.4m annualized (+47% vs pcp).
• Strong growth of recognized platform subscription revenue to ~NZ$8.8m (+35% vs pcp).
• Total revenue of ~NZ$12.8m (+5% vs pcp), noting the lower margin services revenue component
is down vs pcp because of volatility in the fibre communications market, which is expected to
rebound.
• Reiteration of FY26 guidance for ~35% or greater growth in platform subscription revenue and
EBITDA breakeven on a run-rate basis within 2H26.
• Gross margin of ~NZ$9.6m (+18% vs pcp).
• Gross margin percentage increased to ~75% (up from pcp of 67%).
• Cash operating expenses are materially the same as pcp, while executing the above growth.
• Launch of AI companion capability within the core IKE Office Pro product, called PolePilot™, game-
changing AI-driven automation for electric utility distribution network analysis. This delivers
material productivity gains for customers using IKE’s core platform, also driving increased ARPU
for IKE.
• Total cash of NZ$34m as at 30 September 2025, with no debt, putting IKE in a strong financial
position and with ample liquidity to execute the product roadmap and market development.
• In the period, IKE successfully completed a significantly oversubscribed A$24 million capital raise
(approximately NZ$26 million), demonstrating strong institutional and retail investor support.
• In September, IKE was elevated to the ASX All Ordinaries Index, which tracks the 500 largest
companies listed on ASX by market capitalization.
IKE notes that while there were material NZD:USD FX headwinds in 1Q, the rate normalized in 2Q to
budgeted levels. Note also that1H26 financial statements will be released at the end of November
2025.
Commenting on company progress through the recent quarter, IKE CEO & Managing
Director Glenn Milnes said:
"2Q26 was another strong quarter for IKE across multiple dimensions - operational performance,
product innovation, balance sheet strength, and team capability. The business continues to execute on
our strategic plan, and we remain confident in delivering FY26 guidance.”
Strong Operational Performance
ERR metrics and growth reflect continued strong customer adoption of the IKE platform and gross
margin expansion to approximately 75%% - up from 67% in the prior corresponding period –
demonstrate the operating leverage inherent in our software business model as we scale. Noting also
that operating expenses have been managed to be materially flat over the past year. This margin
improvement is in part being driven by the continued shift in our revenue mix toward our high-margin
subscription software products.
Our balance sheet position is very strong with approximately NZ$34m in cash, and zero debt. This
capital strength provides IKE with the resources to accelerate growth initiatives, including investing in

product innovation and expanding our go-to-market resources and programs. This positions IKE well to
capitalize on the significant market opportunity ahead of us.
Significant Product Innovation: The launch of an AI-companion software module
embedded within IKE Office Pro, called PolePilot™
During the quarter, we launched PolePilot™, a breakthrough AI-driven product capability that represents
a significant leap for the industry in intelligent automation for utility pole analysis, driving productivity
for engineers working in the back office. PolePilot™ leverages advanced artificial intelligence to
automate complex engineering workflows that have traditionally required extensive manual effort and
specialized expertise.
PolePilot materially accelerates pole analysis workflows for engineers by automatically processing
field-collected data, identifying power infrastructure components, flagging potential issues, and
generating comprehensive analysis reports. What previously took engineering teams hours can now be
accomplished in minutes with greater accuracy and consistency.
This is a meaningful capability for our utility and communications customers as PolePilot™ addresses
one of the more significant pain points in distribution network management - the time and expertise
required to analyze pole loading, assess infrastructure condition, and plan network modifications. By
automating these workflows while maintaining engineering rigor, PolePilot™ enables our customers to
achieve unprecedented productivity gains and dramatically accelerate their network planning and
deployment initiatives.
The customer response to PolePilot™ has been positive, and we believe this capability will be a
significant driver of platform adoption and ARPU expansion within our customer base going forward.
Capital Raise to fuel further Growth: New Software Products and Go-to-Market
capacity
In August, IKE completed a significantly oversubscribed capital raise, securing approximately NZ$26
million (A$24.0 million) in new equity capital. The raise comprised an institutional placement and a
retail share purchase plan, both of which saw demand substantially exceed the amounts on offer.
Allocations were made to existing investors based on the Company’s published allocation policy. This
outcome demonstrated the strong support IKE enjoys from both institutional and retail investors and
validates the market's confidence in our strategy and execution capability.
The capital raised will be deployed to accelerate growth across four key areas:
Investment in next-generation platform capabilities building on the success of IKE PoleForeman and now
PolePilot, including additional AI-driven features and workflow automation.
Expansion of sales and marketing resources to capitalize on strong market demand.
Enhancement of customer success and implementation capabilities to support accelerated customer
growth.
Strategic investments in team and infrastructure to support scale.
Key Leadership Appointment: Paul Cardosi as Chief Financial Officer
We were also pleased to announce the appointment of Paul Cardosi as Chief Financial Officer. Paul
has a range of experiences relevant to IKE’s industry and growth trajectory. Paul is a finance and
business leader and brings experience scaling high-growth SaaS businesses as well as leading larger
SaaS businesses across the infrastructure, construction and supply chain industries. He most recently
held senior finance and business leadership roles within multi-billion-dollar Trimble, Inc. (NASDAQ:
TRMB), including as finance leader of Trimble’s engineering and construction technology business and
general manager of Trimble's fleet telematics business. Prior to Trimble, Paul was CFO of Spatial Corp.
a 3D design software division of Dassault Systems (Euronext: DSY), and CFO and co-founder of
Creekpath Systems, a software data storage management company. Paul has an MBA from
Strathclyde Business School (Glasgow, UK) and holds an active Certified Public Accounting (CPA)
license.

IKE CEO Glenn Milnes commented, "We are excited to welcome Paul to work alongside myself and our
US-centered leadership team in Colorado as we continue to build our business focused on the North
American electric utility market. As noted, Paul’s experience is particularly well matched to IKE’s
industry and our growth goals.”
Market Outlook
The macro-market environment for IKE's business remains highly favourable. Across North America,
electric utilities, communications companies, and their engineering service providers are facing
unprecedented infrastructure investment requirements driven by grid modernization, renewable energy
integration, electrification of transportation, deployment of 5G and fibre networks, and aging
infrastructure replacement needs.
These tailwinds are translating into strong and sustained demand for IKE's platform. Our sales pipeline
remains robust and we continue to add new enterprise customers at a healthy pace while
simultaneously expanding within our existing customer base. The launch of the PolePilot™ platform
adds another compelling dimension to our value proposition and we expect it will accelerate both new
customer acquisition and expansion within existing accounts.
With a strong balance sheet, leading product capabilities, an experienced and capable team, and
favourable market dynamics, IKE is well positioned to deliver sustained growth and capture an
increasing share of the large and growing market for electric utility infrastructure software solutions.”

Performance summary
Performance across the business is set out in the following charts and table:

Takeaways (NZ$000)
Continued significant
growth in underlying
subscription revenue in
the 2H period.
Three-year subscription
revenue CAGR of ~30%.


Takeaways
+47% YoY growth in the
exit run rate (ERR) of
annual platform
subscription revenue.
This metric continues
to grow materially,
driven by continued
growth of IKE Office
Pro subscription sales
and the successful sell-
through of IKE’s next-
generation IKE
PoleForeman
subscription product.


Takeaways
Subscription seat
license growth of +55%
over the past year.
Seat count growth has
continued at a fast
pace due to customer
additions, cross-sells,
and upsells.

Takeaways
Transaction & service
revenue declined in the
period.
This is the lowest
margin element for IKE
that primarily supports
services for
communications
companies deploying
fibre.
This component of
IKE’s revenue mix is
expected to continue to
have volatility. The
most recent impact has
been regulatory and
federal funding
uncertainty for fibre
rollouts under the
Republican
administration.

Takeaways (NZ$000)
Recurring subscription
and re-occurring
transaction revenues
(shown in the green
and blue segments in
this chart) dominate
IKE’s revenue mix, up to
90% for YTD FY26.
An expectation for
healthy growth in the
FY26 period, including
~35% or greater growth
in subscription revenue.

* Noting the pcp customer number included >40 small legacy PoleForeman customers who were classified as lost at the end of
FY25, but who represented in total less than $100k of AR
ENDS
About IKE
We are IKE, the PoleOS™ Company. IKE aims to become the standard for collecting, analyzing and
managing pole and overhead asset information for electric utilities, communications companies, and
their engineering service providers.
The IKE platform enables electric utilities, communications companies, and their engineering service
providers to enhance speed, quality, and safety in the construction and maintenance of distribution
assets.
The core revenue engine for IKE is driven by the number of enterprise customers subscribing to the IKE
platform and the volume of assets (called Transactions) being processed through IKE's software.
Contact:

Glenn Milnes
CEO & Managing Director
+1 720-418-1936
glenn.milnes@ikegps.com
Simon Hinsley
Investor Relations
+61-401-809-653
simon@nwrcommunications.com.au


ikeGPS Group Limited
329 Interlocken Parkway, Suite 120, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com

---

IKE 1H FY26
Performance Update
Glenn Milnes, CEO & MD and Paul Cardosi, CFO
glenn.milnes@ikegps.com &paul.cardosi@ikegps.com
www.ikegps.com
October 2025

ikeGPS
2
Important Notice
Information in this presentation:
•Is for general information purposes only, and is not an offer or invitation for subscription, purchase, or
recommendation of securities in ikeGPSGroup Limited (IKE);
•Should be read in conjunction with, and is subject to, IKE’s FY25 financial results (audited), recent
market releases, and information published on IKE’s website (www.ikegps.com);
•Includes forward-looking statements about IKE and the environment in which IKE operates, which are
subject to uncertainties and contingencies outside of IKE’s control – IKE's actual results or
performance may differ materially from these statements;
•Includes statements relating to past performance, which should not be regarded as a reliable indicator
of future performance; and
•May contain information from third parties believed to be reliable; however, no representations or
warranties are made as to the accuracy or completeness of such information.
•All information in this presentation is current at the date of this presentation, unless otherwise stated.
•All currency amounts are in NZ dollars unless stated otherwise.
Receipt of this document and/or attendance at this presentation constitutes acceptance of the terms set
out above in this Important Notice.

ikeGPS
3
Agenda
1H FY26 performance headlines
Outlook
Addressable Market
IKE’s Value proposition
Q&A

ikeGPS
4
Strong Growth and Operational Performance
1H FY26 Performance Update
•Sep AnnualizedExit Run Rate (ERR) Platform Subscription Revenue ~NZ$19.4m annualized (+47% vs pcp)
•Sep YTD Recognized Platform Subscription Revenue ~NZ$8.8m (+35% vs pcp)
•Sep YTD Total Revenue~NZ$12.8m (+5% vs pcp)
oLower margin services business isbelow pcp due to regulatory / government volatility in U.S. fibre
communications market, that is expected to rebound
•Sep YTD Gross Margin percentage increased to ~75% (up from pcp of 67%)
•Cash Operating Expensesare materially flat versus pcp
•Total Cash ~NZ$34m, no debt
oIKE completed an oversubscribed A$24m (approx. NZ$26m) capital raise in the quarter
•In September 2025, IKE was elevated to the ASX All Ordinaries Index, the 500 largest companies listed on
ASX by market capitalization.
pcp – prior calendar p eriod

ikeGPS
5
Reiterating FY26 Guidance
Outlook
FY26 Guidance for
•~35% or greater growth in platform subscription revenue
•EBITDA breakeven on a run-rate basis within 2H FY26
pcp – prior calendar p eriod

ikeGPS
6
Takeaways
➢+47% YoY growth in the exit
run rate (ERR) of annual
platform subscription
revenue.
➢This metric has continued to
grow materially driven by the
expansion of IKE Office Pro
subscription sales and the
successful sell-through of
IKE’s next-generation IKE
PoleForeman product.
$8,277
$9,885
$13,233
$19,421
$0
$5,000
$10,000
$15,000
$20,000
$25,000
09/30/202209/30/202309/30/202409/30/2025
Thousands of NZD
Platform Subscriptions – ERR Trend
ERR September 2025:
Annualized Exit Run Rate of Platform Subscription Revenue +47%
Strong Growth Continues
pcp – prior calendar p eriod

ikeGPS
7
Takeaways
➢+35% YoYgrowth
➢~30% 3-year CAGR
➢Continued significant growth
in underlying subscription
revenue.
Subscription Revenue
YTD FY26 (vs. pcp)
$2,466
$4,100
$5,098
$6,532
$8,828
$0
$1,000
$2,000
$3,000
$4,0 00
$5,000
$6,000
$7,00 0
$8,000
$9,000
$10,000
YTD FY22YTD FY23YTD FY24YTD FY25YTD FY26
Thousands of NZD
1H Year-to-Date Subscription Revenue
Three-year Compound Annual Growth Rate ~30%
pcp – prior calendar p eriod

ikeGPS
8
Takeaways
➢Seat count growth has
continued at a fast pace due to
customer additions, cross-
sells, upsells and strong net
retention.
1,693
2,144
5,990
9,283
-
1,000
2,00 0
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
09/30/202209/30/202309/30/202409/30/2025
# of Seat Licenses
Platform Subscriptions – Seat License Trend
At 30 September 2025
pcp – prior calendar p eriod
Total Platform Subscription Seats Growth +55% vs. pcp
From cross-sells and upsells

ikeGPS
9
Takeaways
➢Headwinds related to new US
administration policy on rural
fiber funding – volatility
expected to remain through
FY'2026
➢Noting that the transactions
services business is profitable
but significantly lower margin
business for IKE
$2,269 $9,441 $3,746 $3,964 $2,692
160,457
259,474
142,420
138,629
99,725
-
50,000
100,000
150,000
200,000
250,000
300,000
$0
$1,000
$2,000
$3,000
$4,0 00
$5,000
$6,000
$7,00 0
$8,000
$9,000
$10,000
YTD FY22YTD FY23YTD FY24YTD FY25YTD FY26
Thousands of NZD
Platform Transaction Revenue
YTD FY26 (vs. pcp)
# of Poles
Platform transaction revenue
# of platform transactions
1H Year-to-Date Platform Transaction Revenue of ~NZ$2.7m
Transaction Revenue-32% vs. pcp
pcp – prior calendar p eriod

ikeGPS
10
➢~90% of total YTD Revenue comes from recurring Subscription and re-occurring Transaction Revenue
~90% YTD Revenue from Recurring and Re-Occurring Sources
1H Year-to-Date Total Revenue by Segment
Takeaways
➢~90% of total YTD Revenue
comes from recurring
Subscription and re-occurring
Transaction Revenue
➢Highest margin Subscription
Revenue makes up 69% of IKE
Revenue, up from 54% in
FY'25
➢Expectation for Subscription
revenue to grow (vs pcp and
as a % of total
revenue)forremainder of FY
2026
$4,100
$5,098
$6,532
$8,828
$1,882
$1,675
$1,675
$1,250
$9,441
$3,746
$3,964
$2,692
$15,423
$10,519
$12,171
$12,770
$0
$2,000
$4,0 00
$6,000
$8,000
$10,000
$12,000
$14,00 0
$16,000
YTD FY23YTD FY24YTD FY25YTD FY26
Thousands of NZD
Total Revenue by Segment
YTD FY26 (vs. pcp)
Platform transaction revenue
Hardware and other revenue
Subscription revenue
pcp – prior calendar p eriod

ikeGPS
11
1H FY26 Key Metrics
Takeaways
➢The company added 49 new
subscription customers
during 1H FY26, or
approximately 1.9 new
customers per week
➢Noting the pcp customer
number included >40 small
legacy PoleForeman
customers who were
classified as lost at the end of
FY25, but who represented in
total less than $100k of ARR.
1H FY261H FY25% Change
Total Revenue$12.8m$12.2m+5%
Platform Subscriptions
Total # Subscription Customers423413+2%
Platform Subscription Revenue$8.8m$6.5m+35%
Gross Margin$8.2m$5.7m+45%
Gross Margin %93%87%
Platform Transactions
Total # Billable Transactions100k139k-28%
Platform Transaction Revenue$2.7m$4.0m-32%
Gross Margin$0.5m$1.5m-68%
Gross Margin %17%37%
Hardware & Other
Hardware & Other Revenue$1.3m$1.7m-25%
Gross Margin$0.9m$1.0m-5%
Gross Margin %74%58%

ikeGPS
12
In the right market at
the right time
Addressable market update forNorth America

ikeGPS
13
$2T grid modernization in the North American
market demands digital grid intelligence
The aging infrastructure crisis hits its inflection
point now
•130 million wooden poles are approaching the
45-50 year failure threshold -~25–35million
poles willrequire replacement or reinforcement
by 2035, with $10.8Kavgreplacementcost ->
Upto$345Bopportunity indistributionpoles.
1
•Severe weather now drives 80% of major
outages (US27B in disastercosts in 2024 alone)
-accelerating decay.
2
•Up to $2 trillion in U.S. grid modernization
investment over the next decade or so.
3
Takeaways
➢Digitally-enabled pole data analysis tools are
increasingly mandated for reliability and
resiliency compliance
Sourc es
1.https://info.ornl.gov/s ites/publications/Files/Pub160200.pdf and https://www.energy.gov/sites /default/files/2024-
11/111524_Utility_Pole_Maintenance_and_Upgrades .pdf
2.https://www.climate.gov/news-features/blogs /beyond-data/2024-active-year-us-billion-dollar-weather-and-climate-disasters
3.https://www.pwc.com/us/en/industries/energy-utilities-mining/library/assets /pwc-grid-modernization-strategy.pdf
130M wood poles
approaching the 45-50
year threshold
~25-35M wood poles
will require replacement or
reinforcement by 2035
$345B opportunity
for digital pole data
analysis tools
Need for digital solutions
to increase speed, reliability, and
resiliency compliance

ikeGPS
14
Takeaways
➢FederalResilienceFundingisfuelingamassivep
oledatamodernizationcycle
40%of U.S. federal grants for gridresiliencetarget
distribution network capacity &hardening, where IKE is
Department of Energy | July 2024
0%10%20%30%40%50%60%
Vegetation Management
Substatio n Upgrades
Undergrounding
Batter y Systems
Equipment Upgrades
Pole Replacement
Advanced Control Technologies
Reconductoring
Percent of Award Recipients
Project Type
Sourc es
1.https://www.energy.gov/sites /default/files/2024-08/EXEC-2023-003585%20-
%20Congressional%20Report%20on%20Preventing%20Outages%20and%20Enhancing%20the%20Resilience%20of%20the%20Electric%
20Grid_sb-S1_7.1.pdf
•DOE Grid Deployment Office (formed 2022)
leads nationwide investment in distribution
resilience.
•Section 40101(c) grants invest heavily in
replacing and hardening aging poles and lines
to reduce outages from extreme weather.
•Each project requires detailed field data for
design, engineering, and verification of pole
assets.
•ikeGPS is positioned to equip utilities with
digital pole measurement and data
management systems critical to executing
these federal projects.

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15
$43B in broadband funding also
demandsdistribution network data intelligence
•$43B in BEAD funding drives unprecedented
fiber attachment volume on utility poles.
•FCC defines “large attachment requests” as
3,000+ poles per project
1
, mass digitization
is required for survey and make-ready.
•Global 5G small cell market exploding from
$7.5B (2025) to $74.6B (2023) – outdoor
deployments depend on pole loading and
clearance analysis.
2
•By 2026, there will be more than 800,000
small cells in the United States, up from
about 86,000 in 2018.
3
Sourc es
1.https://www.fcclawblog.com/2025/07/articles/fcc/fcc-adopts-new-pole-attachment-rules-to-streamline-broadband-deployment/
2.https://www.fortunebusinessins ights .com/industry-reports/5g-small-cell-market-101600
3.https://www.researchandmarkets.com/reports/4833401/small-cell-5g-network-market-share-analysis
800,000 small cells
in the U.S.
2026
86,000 small cells
in the U.S.
2018
$74.6B
2032
$7.5B
2025
Global 5G small cell
market growth
Takeaways
➢Utility poles remain the strategic backbone for
fiber and 5G small-cell deployments, supporting
thousands of new cell sites and fiber
attachments per project

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To see what matters
IKE hasbuilt capabilities to solve these
infrastructurechallenges
Creating sustainable competitive advantage to engineer a network through its lifecycle
Safe and accurate grid
data collection and digitization
To know what's at risk
Identify network vulnerabilities,
ensure safety code compliance, so
toprioritize grid investments
To act & engineer with confidence
Centralized digital records of your grid
assets - enabling faster decisions,
transparent collaboration, and
measurable resilience improvements

ikeGPS
17
AI has unleashed a wave of data centre construction.
In 2023, AI data centres consumed about 4.4% of U.S.
electricity, and that share could triple by 2028.
Microsoft and Google estimate that the U.S. will need
500,000 more electric engineers in the next decade.
Heatwaves, wildfires, and storms are stressing electrical
network systems nationwide. Events once considered rare
- like the 2003 Northeast blackout that hit 50 million people
- are now seen as precursors of larger & more
commondisruptions.
Multiple macro-factors are driving infrastructure investments, and
the need for technology, in North America

ikeGPS
18
01020304050
Exelon Group
Southern Company
Florida Light and Power
National Grid
Entergy
Consumers Energy
Duke Energy
LLMA Energy
Total
Millions of Electricity Customers
The Top 8 IKE Customers:
~43M homes & businesses,
>4x the entire Australian market
Standardized on IKE
Total Australian Market:~11m homes & businesses
The size of the North American market opportunity,
in Australian context
IKE’s Top 8 Customers
U.S. Infrastructure
Spend Projections of
>$400bn
over the next 5 years
Fiber network development
investment is projected to be
~$300bn over the next 5 years

ikeGPS
19
A huge expansion opportunity at investor-owned utilities
U.S. Market-Map of Investor-Owned Utilities (multi-$B companies)

ikeGPS
20
Sales opportunities for IKE products at over 2,800 Municipalities
and Co-Operatives
$10.0 Million or Less
$10.1 to $20.0 Million
$20.1 to $40.0 Million
$40.1 to $80.0 Million
$80.1 Million or More
No Reported Data
Rural Electric Cooperative*
*13 out of 924 co-ops did not report revenue and are not included in
the calculations. All co-ops are depicted.

ikeGPS
21
IKE’s Expanding Value
Proposition

ikeGPS
22
The grid faces unprecedented challenges.
Complete field-to-finish solutions from IKE to engineer a network through its lifecycle.
Business model upshot
➢A recurring subscription to access any IKE Solution
➢Additive, recurring revenue based on usage (license seats or
transactions)
➢Optional value-added products, such as IKE Analyze (driving
further transaction revenue) and training via IKE University
Solution for gaining actionable
insights from new or existing
digital imagery or data sources.
Field Data Collection platform
with back-office tools
anddashboards.
Back-end analysis for acquired
pole data.
Accurate, reliable, and
defendable pole load analysis
adhering to NES C compliance.
End-to-end resource for
in-person and online NES C®,
OSHA, and IKE product
training and education.
I
K
E

n
i

e

s
i

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23
AClear 10-year Mission guiding ourjourney
Manaakitanga
"We rise by lifting others." This means
lifting our customers, each other, our
communities, and IKE's stakeholders.
IKE’s pu pose is Manaakitanga.
We rise by lifting others.
Mission (by mid-2034)
To be the most trusted and admired
company delivering software solutions
that drive productivity outcomes for the
Distribution Grid, with #1 market share in
the USA, and expanding internationally.
•What we do exactly: We deliver actionable
insights on overhead infrastructure. Our data
acquisition and analysis solutions transform
how to design, construct, and inspect
overhead assets and help achieve critical
industry objectives, such as grid resiliency
and fiber broadband expansions.

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24
Customers overwhelmingly recommend IKE,
with an independently assessed NPS of 91%.
Delivering the best CX in our
industry as a Strategic Pillar
Our core values create
differentiation, inside and out
This score is driven by:
•IKE’s focus on both product capability, industry-specific
outcomes, and customer experience.
•Purpose-built solutions for utility poles and overhead
infrastructure, based on customer-led product-market fit.
•Tangible ROI for utilities, telcos, and engineering service providers.

ikeGPS
25
IKE is trusted by 8 of the 10 largest
investor-owned utilities in North America

ikeGPS
26
IKE is trusted by 5 of the 10 largest
communications companies in the U.S.

IKE’s software is
now used in all
50
States

Overhead Utility Data Collection
IKE technology has helped
companies engineer
20 Million
OVERHEAD ASSETS,
and counting.....
Takeaways
➢The same electric utilityassetis digitally
processed many times throughout its
lifecycle - for make-ready engineering, fiber
joint-use, clearance validation, or routine
inspection. Each new network build,
attachment request, or safety audit triggers
another round of measurement and analysis.

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29
Growth opportunities within existing accounts
and from new logos
Takeaways
➢Today, IKE has a presence in
approximately 6% of
addressable customers in the
U.S. but is estimated to be
only 20% penetrated. There is
an opportunity to:
➢Opportunity to develop up to
an additional 80% revenue per
annum from the existing
customer footprint as ‘White
Space’ via cross-sell and up-
sell, plus to
➢Sell to the other 94% of the
market via ‘Green Field’ new
logo opportunities
Addressable Customers
IKE’s Customer Presence
6%
94%
‘Green Field’ Opportunity
20%
Customer Penetration
80%
‘White Space’ Opportunity
Expert team, best-in-class technology, and direct-to-market execution capability

3,000+ Attendees 800+ Organizations Trained
Getting to Market: Educating the North American Industry
Example of IKE's National Electric Safety CodeWebinar Series

Getting-to-Market: Educating the North American Industry
Example of IKE's In-Person NESC & OSHA Training
OVER
1,700
Attendees 'IKE Certified'
ROUGHLY
500
Organizations Trained

ikeGPS
32
New Products
&Technologies

ikeGPS
33
Meet PolePilot, an AI subscription
module released in 2Q to increase
productivity and efficiencies for IKE
Office Pro engineers
PolePilot was very easy to use and was effective in many different pole
and environmental scenarios. The automated markers helped identify
wires and equipment that were difficult to see.
JOEL VESCIO
TRC

ikeGPS
34
Meet PolePilot, an AI subscription
module released in 2Q to increase
productivity and efficiencies for IKE
Office Pro engineers
PolePilot was very easy to use and was effective in many different pole
and environmental scenarios. The automated markers helped identify
wires and equipment that were difficult to see.
JOEL VESCIO
TRC

ikeGPS
35
Meet PolePilot, an AI subscription
module released in 2Q to increase
productivity and efficiencies for IKE
Office Pro engineers
Takeaways
➢AI-powered assistant to increase productivity for
analyzing pole data
➢SaaS tool to support all the digital needs for grid
modernization efforts
➢Expands on the strength of IKE's intelligent automation
capabilities for overhead asset management

ikeGPS
36
The standard for distribution
network design in the U.S.
Takeaways
➢The new IKE PoleForeman product has been in the
market for ~18 months
➢In total, ~130 customers have subscribed to this new
platform, far exceeding our adoption rate expectations.
➢We expect further major customers to close in FY26 &
FY27.
➢Today, IKE PoleForeman is the standard for structural
analysis in 8 of the 10 largest electric utilities in North
America.

www .ikegps.com
Thank You
Glenn Milnes, CEO and Paul Cardosi, CFO
glenn.milnes@ikegps.com & paul.cardosi@ikegps.com
October, 2025

IKE Facts
To Date » September 2025

Overhead Utility Data Collection Count
IKE technology helped
companies engineer
1 Million
MILES OF LINES
Takeaways
➢Every mile of overhead line requires precise
engineering - from pole loading and
conductor clearance modeling to
make-ready design. These lines are
continuously re-engineered as utilities
upgrade, harden, or attach new telecom
infrastructure, making line engineering a
repeatable, multi-billion-dollar workflow.

Top 4 states
IKE is used in
California
Connecticut
New York
Virginia

500+ enterprise
customers
49 NEW Utility,
Communications, and
Engineering customers in
1H FY26