Preliminary Full Year Results 30 June 2026

Enprise Group Limited
Chairman's Statement
FY2026 was a challenging year for the Group. Revenue grew 6% to $26.3 million, but this was not
enough to offset cost pressures and a $1.08 million impairment of intangible assets, resulting in a
net loss of $2.2 million, compared with a loss of $0.1 million in FY2025. The Board regards this result
as unacceptable and has taken decisive action to reset the business for a return to sustainable
profitability.
The Group experienced a number of significant challenges including subdued market conditions in
NZ and Australia. The Board has undertaken a comprehensive review of our strategic priorities,
financial position and operating model to ensure Enprise is well positioned for the year ahead.
Encouragingly, recurring and contracted revenue, the base that underpins the long-term strength of
the business, grew around 11% on prior year, with recurring licence revenue up 21% at Kilimanjaro
and 12% at iSell.
Our associate investment in Datagate was a highlight for the Group, as the business continued to
strengthen its position in cloud-based telecom billing, supported by approximately 550 customers
and a strong presence in the United States. Its channel partner strategy is being successfully rolled
out, while the emerging need for usage-based AI billing represents a promising new revenue stream
and growth opportunity. Enprise's share of associate losses narrowing to $21,000 for the year, from
$75,000 in FY2025 as its pathway to profitability continues.
Within Kilimanjaro, our largest business, FY2026 was one of the toughest years in its history, with
growth not progressing at the pace anticipated and broader market conditions continuing to affect
business confidence, revenue and margins. As a result, we have commenced a review of costs and
organisational structure with the changes designed to bring Kilimanjaro's cost base in line with
current trading conditions and support a return to profitable growth in FY27.
Together with refinancing the business, and the actions now underway across the Group we are
confident of positioning Enprise Group for a return to sustainable and profitable growth in FY2027
and beyond. I want to thank our shareholders for their continued support and our staff for their
resilience through a period of significant change.
Nick Paul
Chairman, Enprise Group Limited

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Enprise Group Limited
Unaudited Results Announcement
for the year ended 30 June 2026

Enprise Group Limited
Unaudited Consolidated Statement of Comprehensive Income
for the year ended 30 June 2026
20262025
$'000$'000
Revenue from contracts with customers26,28924,831
Other operating income3479
Employee expense(21,252)(18,644)
Other operating costs(6,450)(6,270)
Other gains/(losses) - net281(81)
Operating profit/(loss)(1,098)(85)
Equity earnings/(losses) from associates and joint ventures(21)(75)
Other gains/(losses) related to associates and joint ventures8163
Impairment of intangible assets(1,077)-
Finance cost - net(253)(273)
Profit/(loss) before income tax(2,441)(270)
Income tax benefit249141
Profit/(loss) for the period(2,192)(129)
Other Comprehensive Income
Items that may be reclassified to profit or loss
Foreign currency translation differences(175)8
Items that will not be reclassified to profit or loss
Changes in the fair value of investments through other comprehensive income- (117)
Total other comprehensive income/(loss) for the period, net of tax(175)(109)
Total comprehensive income/(loss) for the period(2,367)(238)
Profit/(loss) for the period is attributable to:
Non-Controlling Interest(160)(28)
Owners of Enprise Group Limited(2,032)(101)
(2,192)(129)
Total comprehensive income/(loss) for the period is attributable to
Non-Controlling Interest(160)(28)
Owners of Enprise Group Limited(2,207)(210)
(2,367)(238)
Earnings per share from profit/(loss) for the period attributable to ordinary shareholders of the Enprise Group Limited
Basic and diluted earnings/(loss) per share (cents per share)(9.67) (0.50)
2

Enprise Group Limited
Unaudited Consolidated Statement of Financial Position
as at 30 June 2026
20262025
$'000$'000
Current assets
Cash and cash equivalents1,4531,588
Trade and other receivables4,3543,902
Contract assets948672
Current tax assets8-
Staff receivables2223
Total current assets6,7856,185
Non-current assets
Investments in associates, joint ventures876889
Investments in other entities335335
Staff receivables - non current2926
Property plant and equipment608604
Intangible assets2,8513,339
Right-of-use assets - non-current1,4881,753
Deferred tax asset1,4561,160
Other non-current assets413369
Total non-current assets8,0568,475
Total assets14,84114,660
Current liabilities
Trade and other payables4,3073,553
Provisions2,8322,274
Contract liabilities2,8101,968
Current tax liabilities- 62
Borrowings9501,093
Lease liabilities495477
Total current liabilities11,3949,427
Non-current liabilities
Provisions - non-current368417
Lease liabilities - non-current1,5191,761
Total non-current liabilities1,8872,178
Total liabilities13,28111,605
Net assets1,5603,055
Equity
Share capital14,25913,387
Foreign exchange translation reserve209384
Financial assets at FVOCI reserve236236
Retained earnings / (accumulated losses)(12,762)(10,730)
Equity attributable to the owners of Enprise Group Limited1,9423,277
Non-controlling interests(382)(222)
Total equity1,5603,055
- -
Total assets per share ($ per share)0.67 0.73
Net tangible assets per share ($ per share)(0.10) (0.06)
3

Enprise Group Limited
Unaudited Consolidated Statement of Changes in Equity
for the year ended 30 June 2026
Share
capital
Foreign
exchange
translation
reserve
Financial
assets at
FVOCI
reserve
Non-
controlling
interests
Total
equity
$'000$'000$'000$'000$'000$'000
Balance at 1 July 202413,392 376 353 (10,701) (316) 3,104
Transactions with shareholders in their capacity as owners
New shares issued- - - - - -
Shares held as treasury stock(5) - - - - (5)
Transactions with non-controlling interests- - - 72 122 194
Total transactions with shareholders(5) - - 72 122 189
Comprehensive income
Profit/(loss) for the period- - - (101) (28) (129)
Other comprehensive income- 8 (117) - - (109)
Total comprehensive income net of tax- 8 (117) (101) (28) (238)
Balance at 30 June 202513,387 384 236 (10,730) (222) 3,055
Share
capital
Foreign
exchange
translation
reserve
Financial
assets at
FVOCI
reserve
Non-
controlling
interests
Total
equity
$'000$'000$'000$'000$'000$'000
Balance at 1 July 202513,387 384 236 (10,730) (222) 3,055
Transactions with shareholders in their capacity as owners
New shares issued878 - - - - 878
Shares held as treasury stock(6) - - - - (6)
Transactions with non-controlling interests - - - - - -
Total transactions with shareholders872 - - - - 872
Comprehensive income
Loss for the period- - - (2,032) (160) (2,192)
Other comprehensive income/(loss)- (175) - - - (175)
Total comprehensive income/(loss) net of tax- (175) - (2,032) (160) (2,367)
Balance at 30 June 202614,259 209 236 (12,762) (382) 1,560
Retained
earnings /
(accumulated
losses)
Retained
earnings /
(accumulated
losses)
4

Enprise Group Limited
Unaudited Consolidated Statement of Cash Flows
for the year ended 30 June 2026
Note20262025
$'000$'000
Operating activities
Cash was provided from:
Receipts from customers30,524 27,421
Interest received11 13
Dividend received34 33
Income tax refund received- 1
30,56927,468
Cash was applied to:
Payments to suppliers & employees29,792 26,500
Interest paid260 286
Income tax paid5 -
30,05726,786
Net cash inflow from operating activities5512 682
Investing activities
Cash was provided from:
Loans repaid by staff2 5
Loans repaid by related parties- -
2 5
Cash was applied to:
Purchase of property, plant and equipment138 388
Software development costs564 436
Investment in equity accounted investment- 100
Investment in subsidary net of cash acquired- 211
7021,135
Net cash outflow from investing activities(700) (1,130)
Financing activities
Cash was provided from:
Proceeds from issue of shares906 -
Proceeds from bank borrowings- 200
Proceeds from landlord- 206
906 406
Cash was applied to:
Repayment of lease liabilities518 409
Repayment of bank borrowings442 407
Treasury stock6 5
966 821
Net cash inflow/(outflow) from financing activities(60) (415)
Net increase/(decrease) in cash and cash equivalents held(248) (863)
Net foreign exchange differences(186) 63
Cash and cash equivalents at beginning of the period937 1,737
Cash and cash equivalents at end of the period6503 937
5

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2026
1CHANGES IN ACCOUNTING POLICIES
(a)Changes in accounting policies
2SEGMENT INFORMATION
(a)Operational performance - business segments
RevenueOperating profit
2026202520262025
$'000$'000$'000$'000
Kilimanjaro24,524 23,111 (653) 537
iSell1,727 1,684 111 264
Corporate38 36 (556) (886)
- - 26,289 24,831 (1,098) (85)
Equity earnings of associates and joint ventures(13) 88
Impairment of intangible assets(1,077) -
Net interest expense(253) (273)
- - Profit/(loss) before taxation(2,441) (270)
- - Income Tax249 141
- -
Net profit/(loss) attributable to shareholders(2,192) (129)
(b)Operational performance - Geographic segments
Revenue
20262025
$'000$'000
New Zealand7,337 7,069
Australia18,735 17,549
EMEA*178 177
North America39 36
Asia- -
- -
26,289 24,831
There have been no changes in accounting policies, all policies have been applied consistently over the current year. Please refer to
the accounting policies contained within the audited financial statements for the year ended 30 June 2025.
The Group is organised into two reportable operating segments based on the business segments. These segments form the basis of
internal reporting used by management and the Board of Directors to monitor and assess performance and assist with strategic decisions.
The Board of Directors is the Group's chief operating decision maker (CODM). Management has determined the operating segments
based on the information reviewed by the Board of Directors and the Chief Executive Officer for the purposes of allocating resources and
assessing performance.
6

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2026
2SEGMENT INFORMATION (CONTINUED)
(c)Interest, deprecation and amortisation
Depreciation and amortisation expense
Depreciation and
Interest revenueInterest expense amortisation expense
202620252026202520262025
$'000$'000$'000$'000$'000$'000
New Zealand2 2 119 138 281 302
Australia11 13 147 150 561 706
13 15 266 288 842 1,008
-
(d)Balance sheet information
Non-current assets other than
Non Current Asset
financing and deferred taxTotal assetsTotal liabilities
202620252026202520262025
$'000$'000$'000$'000$'000$'000
Kilimanjaro3,745 4,126 12,880 11,435 19,016 12,336
iSell1,201 1,571 1,465 1,795 2,352 1,497
Corporate1,212 1,224 9,018 5,053 435 1,395
6,158 6,921 23,363 18,283 21,803 15,228
Inter-segment elimination- - (8,522) (3,623) (8,522) (3,623)
-
6,158 6,921 14,841 14,660 13,281 11,605
-
New Zealand3,190 3,430 12,224 7,420 4,207 3,701
Australia2,968 3,491 9,167 9,163 15,624 9,827
6,158 6,921 21,391 16,583 19,831 13,528
Inter-segment elimination- - (6,550) (1,923) (6,550) (1,923)
- -
6,158 6,921 14,841 14,660 13,281 11,605
- - - - - - - -
3REVENUE
(a)Revenue streams
20262025
$'000$'000
- - Revenue from Enterprise software and licences7,339 6,581
- - Revenue from services and support15,530 14,589
- - Revenue from iSell1,727 1,684
Revenue from hosting services1,693 1,974
- - Revenue from other fees- 3
- -
26,289 24,831
Software and licencesServices and supportITQuoter RevenueExoHostedother fees
7

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2026
3REVENUE (CONTINUED)
(b)Revenue by geographical location
2026
$'000$'000$'000$'000$'000$'000
- New Zealand2,234 4,351 347 405 - 7,337
Australia5,105 11,179 1,163 1,288 - 18,735
EMEA*- - 178 - - 178
North America- - 39 - - 39
- -
7,339 15,530 1,727 1,693 - 26,289
* Europe, Middle East and Africa
2025
$'000$'000$'000$'000$'000$'000
- New Zealand2,103 3,991 351 623 1 7,069
- Australia4,478 10,598 1,120 1,351 2 17,549
- EMEA*- - 177 - - 177
- North America- - 36 - - 36
- -
6,581 14,589 1,684 1,974 3 24,831
(b)Revenue by operating segment
20262025
$'000$'000
Recurring revenue from enterprise software licences6,254 5,541
Contracted revenue from hosting and support agreements5,149 5,075
Revenue from other services13,121 12,495
24,524 23,111
- -
20262025
$'000$'000
Recurring revenue from iSell software licences1,536 1,197
Revenue from other services191 487
1,727 1,684
- -
20262025
$'000$'000
Revenue from services38 36
38 36
Hosting
services
Kilimanjaro revenue
Services
and support
Total
Services
and support
Corporate revenue
Hosting
services
Software
and
licences
iSell
revenueOther fees
iSell
revenueTotal
Software
and
licences
iSell revenue
Other fees
8

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2026
4EQUITY
(a)Share capital
Number of authorised sharesShare capital
Contributed equity - ordinary shares
2026202520262025
sharesshares$'000$'000
Opening ordinary shares20,062,048
20,068,057
13,387 13,392
Rights issue2,004,505
-
878
Treasury Stock(10,000)
(6,009)
(6) (5)
Staff share issue- - - -
- -
22,056,553 20,062,048 14,259 13,387
(b)Dividends
2026202520262025
cents per sharecents per share$'000$'000
Final dividend for the period ended 30 June 2023- - -
Interim dividend for the period ended 30 June 2024- - - -
Final dividend for the period ended 30 June 2024- - - -
Interim dividend for the period ended 30 June 2025- - - -
- -
- - - -
5CASH FLOW RECONCILIATION
20262025
$'000$'000
Profit/(Loss)(2,192) (129)
Adjustments for:
Depreciation on property plant and equipment178 158
Loss on disposal of property plant and equipment29 -
Depreciation clawback- (11)
Depreciation on right-of-use assets509 530
Amortisation on intangible assets154 320
Net loss/(gain) on foreign exchange(23) (43)
Impairment of intangible assets1,077 -
Share of loss from equity accounted investments13 (88)
Movements in working capital
(Increase)/decrease in trade and other receivable(79) (419)
(Increase)/decrease in contract assets(201) (47)
(Increase)/decrease in income taxes receivable(71) 86
Increase/(decrease) in trade and other payables412 212
(Increase)/decrease in current and deferred tax(184) (226)
Increase/(decrease) in provisions243 302
Increase/(decrease) in contract liabilities647 37
####
Net cash inflow/(outflow) from operating activities512682
- -
Reconciliation of net profit to net cash flows from operations:
On 31 December 2025 the group issued 1,729,277 shares under the rights issue at $0.45 per share. On 14 January 2026 a further
275,228 shortfall shares were issued under the rights issue at $0.45 per share.
9

Enprise Group Limited
Notes to Accompany the Unaudited Results Announcement
for the year ended 30 June 2026
6CASH AND CASH EQUIVALENTS
20262025
$'000$'000
Current cash on hand / (borrowings)
Cash on hand and at bank
1,453 1,588
Bank overdraft
(950) (651)
Cash and cash equivalents503937
10

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Enprise Group Limited
Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Updated as at March 2025

Please do not amend or delete individual rows. As this template relates to prescribed content, changes to content
should only be made where it is clearly indicated that this is permitted, otherwise, if an Issuer considers a particular
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NZX as required under NZX Listing Rule 3.26.1.

Results for announcement to the market
Name of issuer Enprise Group Limited
Reporting Period 12 months to 30 June 2026
Previous Reporting Period 12 months to 30 June 2025
Currency NZD
Amount (000s) Percentage change
Revenue from continuing
operations
$26,289 6%
Total Revenue $26,289 6%
Net profit/(loss) from
continuing operations
$(2,441) -804%
Total net profit/(loss) $(2,192) -1,599%
Interim/Final Dividend
Amount per Quoted Equity
Security
No final dividends have been declared payable.
Imputed amount per Quoted
Equity Security
Not Applicable
Record Date Not Applicable
Dividend Payment Date Not Applicable
Current period Prior comparable period
Net tangible assets per
Quoted Equity Security (in
dollars and cents per security)
$(0.10) $(0.06)
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
Refer to attached unaudited financial statements and directors’
statement.
Authority for this announcement
Name of person

authorised
to make this announcement
Elliot Cooper
Contact person for this
announcement
Elliot Cooper (Finance Director)
Contact phone number (09) 829 5500
Contact email address elliotc@enprise.com
Date of release through MAP

31 August 2026

Unaudited financial statements accompany this announcement.