Announcement PDF H1 FY26 Results Presentation February 2026 2 Vision The trusted supply chain platform for the built environment. 3 Felix snapshot Leading enterprise platform for capital-asset focused organisations to manage and engage with their supply chains Established enterprise SaaS platform, trusted by market-leading organisations to manage and engage with their supply chains, and meet emerging supply chain ESG requirements Proven organic growth strategy driven by Felix's enterprise-grade platform, purpose-built for exacting industry needs. Strong sales momentum and significant value potential through contract expansions Capital-efficient international enterprise sales strategy, using current divisional and domestic deployments as a platform to extend into other business units and pursue enterprise-wide rollouts across global parent organisations. Rapidly growing Vendor Marketplace, accelerated by network effects as Felix scales, with Nexvia adding a proven vendor subscription platform to monetise a greater share of Vendors Strong financial performance driven by revenue growth, operating leverage, and balance sheet flexibility to support organic growth initiatives 4 Contents H1 FY26 highlights 5 AI update 10 Felix overview 13 Growth strategy 18 Additional information 23 Note: H1 FY26 Group figures include Nexvia results; prior periods exclude Nexvia, reflecting completion of the acquisition on 9 October 2025. 1. Enterprise ARR is the sum of contracted annualised recurring fees for all Felix Enterprise customers, which includes contracts yet to be implemented. 2. Enterprise net revenue retention (NRR) is calculated by comparing the contracted ARR of Enterprise customers as at 31 December 2025 with the contracted ARR of the same customers as at 31 December 2024. 5 Step-change in scale, with the Nexvia acquisition expanding Felix’s monetisation capability alongside continued enterprise wins and expansions H1 FY26 highlights $7.1m Enterprise ARR1 +11% on H1 FY25 $12.2m Group ARR +47% on H1 FY25 Nexvia Strategic Acquisition to accelerate Vendor Monetisation 101% Enterprise net revenue retention2 (NRR) rate 75 Tier 1 and leading Enterprise customers $7.2m Cash balance, providing funding flexibility to pursue organic growth initiatives 6 3.2 4.0 4.9 5.7 6.4 6.9 7.1 1.7 2.0 1.9 2.0 1.9 1.7 1.7 3.4 4.9 6.0 6.8 7.7 8.3 8.6 12.2 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 Group ARR Group ARR of $12.2m in H1 FY26, reflecting the initial contribution from Nexvia and continued enterprise execution Group ARR ($m) H1 FY26 Highlights ↘ Commercial momentum and ARR mix o Group ARR grew +47% to $12.2m, reflecting continued enterprise execution alongside the initial contribution from Nexvia o Enterprise ARR grew +11% to $7.1m, supported by new wins and expansion ↘ Enterprise wins, expansion and international traction o 4 new Contractors added in H1 FY26, including 2 international customer wins, alongside 2 domestic wins o 2 expansion deals signed, demonstrating Felix’s ability to land-and- expand within existing relationships ↘ Vendor Marketplace and monetisation pathway o Vendor ARR was $1.7m, broadly stable versus prior periods o Near-term vendor monetisation focus is on transitioning selected Felix Vendor Marketplace customers (initially subcontractors) onto Nexvia, supported by additional customer, sales and marketing resources transitioning to Nexvia in Q3 FY26 Vendor ARR Nexvia ARR Enterprise ARR Note: H1 FY26 Group figures include Nexvia results; prior periods exclude Nexvia, reflecting completion of the acquisition on 9 October 2025. Strategic acquisition Acquisition of Nexvia to accelerate Felix’s Vendor monetisation strategy Expand product capability Broadens Felix’s platform footprint, adding Nexvia’s project and business management functionality for project-led SMEs. Platform synergies Unlocks substantial interoperability between Felix’s enterprise procurement solution and Nexvia’s project management suite Cross-selling opportunity Enables Felix to directly monetise its substantial Vendor base by offering Nexvia’s solutions tailored for SME subcontractors and vendors Material revenue contribution Nexvia contributed $3.4m ARR at 31 December 2025, increasing the scale of Felix’s recurring revenue base 1 2 3 4 7 8 Summary H1 FY26 results H1 FY26 ($000) H1 FY25 ($000) Change TOTAL REVENUE 5,471 4,116 33% ENTERPRISE REVENUE 3,430 2,990 15% ENTERPRISE COGS Consultant fees (31) (61) (49%) Contract costs (117) (155) (25%) Employee benefits (610) (454) 34% Subscriptions (125) (63) 98% Total (883) (732) 20% ENTERPRISE GROSS PROFIT 2,547 2,258 13% Enterprise gross margin (%) 74% 76% (2pp) OTHER REVENUE Nexvia revenue 842 - - Vendor revenue 899 1,017 (12%) Other income 299 109 174% Total 2,040 1,125 81% OPERATING EXPENSES Employee benefits (4,537) (3,552) 28% Consultant fees (231) (163) 42% Other operating expenses (1,954) (1,314) 49% Total (6,722) (5,029) 34% ADJUSTED EBITDA (2,135) (1,646) 30% Depreciation & amortisation (818) (393) 108% Finance costs (33) (5) n.m. Acquisition costs (186) - - Share-based payments (136) (404) (66%) LOSS BEFORE INCOME TAX (3,308) (2,447) 35% 1 2 3 4 6 1 2 3 4 5 6 Total revenue increased 33%, driven by 15% growth in enterprise revenue, contribution from Nexvia from October 2025 and increase in other income Employee costs associated with the enterprise platform increased 34% driven by new hires to support revenue growth in the support and customer success teams Depreciation and amortisation increased due to a new premises lease and the amortisation of acquired Nexvia intangibles, including the customer list and business Employee costs (excluding Enterprise) increased due to the Nexvia acquisition, additional developer hires to build out the Contracts module and progress AI initiatives, and one-off employee entitlements associated with the former CEO’s departure. Increase in subscription costs are associated with higher hosting and cloud usage as platform activity scales. This reflects investment in data processing, dashboard enhancements and early AI work Other operating expenses increased following the acquisition of Nexvia’s as well as a portion of one-off costs associated with the acquisition and capital raising Note – H1 FY26 includes Nexvia revenue and expenses from the date of acquisition completion (9 October 2025) 5 9 In FY26, Felix is focused on strategic investments for long-term growth and scale to unlock accelerated revenue and earnings growth in FY27 and beyond Outlook FY26 key priorities H1 FY26 progress Enterprise ARR • Continued domestic enterprise ARR growth supported by Nexvia‘s sector strength and early traction in international markets • 4 new enterprise customers, including 2 international wins Vendor ARR • Continued organic growth of Nexvia platform, with growth accelerating once platform integration completed • Record Nexvia MRR in December • Additional revenue-focused resourcing transitioning to Nexvia in Q3 FY25 Investment for growth • Deliberate investment phase to capture growth opportunties across product, customer acquisition, partnerships and acquisition integration • AI-enabled functionality progressively released over the coming quarters • Launch of Vendor Management Dashboard and enhancements to Procurement Schedule Gross margins • Expected to remain strong as we scale the combined platform, with further opportunity for improvement through automation and infrastructure optimisation • Enterprise platform gross margins broadly in line with prior periods Nexvia integration • Integration of Nexvia platform in FY26 to provide the foundation for accelerated top-line growth • Integration progress is on track, with early validation from conversion of existing Vendor Market customers to Nexvia 10 AI update Note – operating metrics as at 31 December 2025. 11 A decade of workflow digitisation has provided Felix with the data foundation for AI-assisted intelligence and automation From workflow to intelligence 2015 Today Tomorrow Manual Era Manual paper-based workflows dominated ↘ Fragmented, manual processes (spreadsheets / paper) ↘ Limited governance and oversight ↘ Siloed data systems Digitisation Felix’s end-to-end procurement platform ↘ Digitised end-to-end workflow with central oversight and auditability ↘ Standardisation of procurement processes ↘ Mass data storage across the procurement journey AI-Powered Intelligence Turn data into intelligence and automation ↘ Properly realise the value of the massing data assets within Felix ↘ Remove manual effort to review and draw actionable insights ~78k Vendor Approvals 15k Evaluations ~3.5m Documents including scopes, RFQ responses and compliance docs ~100k Requests for Quotation Rich data picture within Felix’s platform 12 Initial prioritisation of AI use cases focused on foundational workflows that underpin Felix‘s modules, representing areas that involve the greatest manual effort and value for customers Priority AI applications AI-Assisted Bid Comparison Sourcing Module AI-Assisted Vendor Prequalification Vendor Management Module ↘ Summarise large submissions into decision-ready views ↘ Compare vendors across pricing + non-price criteria ↘ Surface exceptions, compliance gaps and key risks ↘ Outcome: faster evaluation cycles and more consistent decision-making ↘ Extract and structure evidence from vendor documents / questionnaires ↘ Assist grading and approvals aligned to policy requirements ↘ Maintain traceability (evidence → assessment → decision) ↘ Outcome: reduced admin effort and stronger governance The nature and maturity of Felix’s platform makes it rich for AI augmentation. Felix is actively exploring additional opportunities that span RFQ creation and approval, contract handling, and vendor insights that will be considered and prioritised for future initiatives 13 Felix overview 14 Converging external challenges and inefficient processes are driving rapid change in how organisations manage and engage with their supply chains enterprise-wide Perfect storm of critical issues Sustainability requirements Emerging ESG reporting requirements are transitioning from opt-in to mandatory and are now commonplace in contract tender conditions Supply chain compliance New legislation and compliance requirements are driving demand for greater supply chain visibility, governance and accountability Supply chain resilience/coverage Lack of availability, capacity and capability of subcontractors in current market conditions is significantly increasing project execution risk Intensifying project environment Increasing project scale and complexity, interoperating with JV partners are increasing execution difficulty Cost & productivity pressures Rising input costs, tight margins and stagnant productivity are rendering inefficient processes inadequate Stakeholder expectations Evolving community and stakeholder expectations to deliver holistic, sustainable value to broader society Example supply chain ecosystem on a single project or asset 15 Built for asset intensive sectors Felix targets high-value sectors which operate across large and complex capital asset projects Capital asset sectors share characteristics that Felix’s platform has been purpose-built from the ground up to seamlessly manage throughout the entire asset lifecycle: Critical Infrastructure Engineering & Construction Commercial Construction Energy & Utilities Property & Real Estate Mining & Resources Project or asset-led organisations Geographically diverse Critical dependence on third-party supply chain Project teams engaging supply chain and making procurement decisions High-risk and complex supply chains Procurement is largely services (subcontractor) focused Hybrid operating model relying on centralised and project teams Large organisations with complex enterprise workflows 16 Supply chain of third- party Vendors Enterprise-grade platform connects and harmonises the supply chain ecosystem, improving visibility, trust and efficiency for organisations, Vendors and industry participants Felix’s solution Enterprise solution Vendor SME solution Sourcing Procurement Schedule Contracts Vendor management Project Management Estimation & Tenders Finance & Budgeting Live dashboards & reporting On-site Management Material Management Subcontractors Fit-out specialists Suppliers Consultants Vendors 17 75 Tier 1 and leading organisations trust Felix to manage and engage with their supply chains Trusted solution for market-leaders Select customers 18 Growth strategy 4. Vendor monetisation 3. International expansion 2. Core platform expansion 1. Drive domestic enterprise growth 1. Based on management estimates 19 ↘ Growth in enterprise customers driven by established GTM strategy, strong value proposition in verticals relative to point solutions and generic platforms and significant industry tailwinds ↘ Convergence of significant supply chain, ESG and compliance pressures on organisations is driving broadening demand for Felix’s platform across a diverse range of sectors ↘ Deliver targeted platform investments, including additional third-party integrations, which can further entrench Felix in customer operations and increase Felix’s value proposition ↘ Capitalise on strategic commercial partnership with Pronto Software by integrating Felix’s platform with Pronto’s ERP solution and launching a joint sales campaign to expand reach through partner-led channels ↘ Roll-out of AI functionality to enhance value position and meet customer demand for AI tools to enhance productivity and efficiency ↘ Significant growth runway in the domestic market, with an estimated ~1,700 potential Contractor customers in Australia1 1. Domestic enterprise growth Proven enterprise growth strategy delivering organic growth and contract expansions Domestic contract wins & expansions in H1 FY26 Off-grid and hybrid power provider for resources and remote communities Vertically integrated Australian mining company Leading Australian infrastructure services group Leading full-service railway infrastructure company 20 2. Contract value expansion ↘ Expand to other divisions or geographies – initial contract use cases generally have a narrow focus, representing opportunities to upsell into additional divisions and geographic operations ↘ Additional modules – opportunity to drive contract expansions and new enterprise customer wins through downstream module adoption across existing customers and the development of new module capabilities: ↘ Felix is significantly expanding the capabilities of the Contracts module to enable full lifecycle contract management, solving key enterprise customer pain points ↘ Felix is also planning to expand the capabilities of the Sourcing module to also incorporate capability servicing the sourcing workstream needs of asset-owner customers ↘ Project-based expansion – as Felix becomes embedded in customer operations, there are opportunities to expand into new projects, further entrenching Felix’s value proposition ↘ Additional users – as organisations scale usage across more projects and divisions, user demand naturally increases, driving further growth through additional licenses Expansion approach Driving ARR per customer through a disciplined land-and-expand playbook 1. International Vendors and projects as at 31 December 2025. 21 ↘ Felix has completed key international readiness initiatives, including localisation features, international data security and compliance certificates (ISO27001, SOC-2 and GDPR and multilingual capabilities) ↘ International applicability proven, with Felix already being utilised across 178 international projects and 17k+ international Vendors on the platform ↘ Felix’s pipeline of enterprise customers continues to evolve, with growth in international customers driven by organic sales initiatives, including the recent redeployment of a sales resource to Canada ↘ In addition, contract expansion opportunities to upsell into large international parent organisations of Felix’s existing customer base continue to grow ↘ Felix is investing in local sales and marketing to meet rising demand and capture growth opportunities ↘ Local resources will allow Felix to execute on region specific go-to-market efforts 3. International expansion Expanding in-region resources to capture international pipeline opportunity International Vendors on the platform1 International projects using Felix1 17,923 +53% on pcp 178 +31% on pcp Enterprise customer pipeline 66% 34% (% of total opportunities) Domestic opportunities International opportunities H1 FY26 International Contract Wins A Canadian Heavy Civil Construction Business A Middle Eastern division of a global construction and infrastructure contractor 90,522 101,452 115,266 112,984 126,031 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 1. Illustrative ARR opportunity calculated based on subcontractor segment of Felix’s Vendor Marketplace multiplied by Nexvia’s median ARR per customer as at Jun-25. Figures are for illustrative purposes only and do not account for future growth of the Vendor Marketplace and Nexvia’s organic growth strategy. 22 ↘ Mandated usage of the Vendor Marketplace by Felix’s enterprise customer has driven strong network effects, growing the Marketplace to 110k+ total Vendors ↘ Felix’s strategy is to implement a staged approach to monetisation, with focus now on scaling Vendor subscription revenue: • Increase scale of Vendor Marketplace, achieved through network effect from onboarding more enterprise customers • Develop new functionality, including AI-powered Vendor compliance document automation to streamline qualification process for projects • Focus on scaling recurring subscription revenue once Nexvia platform is integrated, with focus on cross-selling into Felix’s Vendor Marketplace ↘ The strategic acquisition of Nexvia enables Felix to accelerate Vendor monetisation, bringing a proven solution to enhance the Vendor offering while providing a faster, lower-risk alternative to an internal development approach ↘ Illustrative Vendor Marketplace opportunity1: 4. Vendor monetisation Nexvia acquisition accelerates Felix’s Vendor monetisation strategy, unlocking an opportunity for a step-change in growth Vendor Marketplace growth Growth of international vendors via international expansion strategy Organic growth of Nexvia Vendor customer base Enterprise customer growth to drive Vendor Marketplace expansion ~43k Vendors $13k ARR per customer ~$570m ARR Serviceable available opportunity within the current Vendor Marketplace 23 Additional information Trading data source: IRESS. 1. Based on ASX Change in Substantial Holding and Change of Director‘s Interest notices 24 Corporate Overview Share price performance (last 12 months) Financial information Share price (23-Feb-26) $0.14 52-week trading range (low / high) $0.125 / $0.24 Shares on issue 298.5m Market capitalisation (23-Feb-26) $41.8m Cash (31-Dec-25) $7.2m Debt (31-Dec-25) N/A Enterprise value (23-Feb-26) $34.6m Substantial shareholders1 Briarwood Capital Partners 15.3% David Williams 14.4% Perennial Value Management 11.6% George Rolleston (NED) 7.6% Thorney Investment Group 5.7% Salter Brothers Emerging Companies 5.4% $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 25 Board and Management Dominic O’Hanlon Chairman Joycelyn Morton Non-Executive Director Rob Phillpot Non-Executive Director James Frayne Interim CEO, CFO George Rolleston Non-Executive Director - 30 years’ experience across high-growth technology and - Extensive corporate experience in Australia and internationally across a variety of industries - Currently serves as a Chair of CEA Technologies and Abx (ASX:ABX) and Non-executive Director of Gelion (GBX:GELN) and SEC Victoria - Global Construction Tech leader with over 20 years' experience - Co-founded global leading collaboration platform Aconex (ASX:ACX), which was acquired by Oracle in the largest tech acquisition in Australian history at the time - Former Senior Accountant at Grant Thorton in the privately held business and taxation divisions - Holds a Bachelor’s Degree in Business and an MBA from QUT - Member of the Institute of Chartered Accountants Australia and New Zealand - 20 years’ experience within the funds management and corporate advisory space - Founder of Waimak Asset Management and Suubee Group - Currently serves on multiple boards across the tourism, finance, security and software sectors - Former director of MHM Automation (NZX:MHM) acquired by Fortifi companies, listed company governance, multinationals, strategy and go-to-market execution - Former CEO & Managing Director of rhipe (ASX:RHP), Former Chief Strategy Officer of MYOB and held senior leadership roles at Oracle - Currently Non-Executive Director of Adisyn (ASX:AI1) and Pentanet (ASX:5GG) and Non-Executive Chair of oneclickswitch - Previously the a Non-executive Director of Argo Global Listed Infrastructure (ASX:ALI), Argo Investments (ASX:ARG) and Beach Energy (ASX:BPT) 26 Disclaimer The information in this presentation does not constitute personal investment advice. The presentation is not intended to be comprehensive or provide information required by investors to make an informed decision on any investment in Felix Group Holdings Limited ACN 159 858 509 (Company). In preparing this presentation, the Company did not take into account the investment objectives, financial situation and particular needs of any particular investor. Further advice should be obtained from a professional investment adviser before taking any action on any information dealt with in the presentation. Those acting upon any information without advice do so entirely at their own risk. Whilst this presentation is based on information from sources which are considered reliable, no representation or warranty, express or implied, is made or given by or on behalf of the Company, any of its directors, or any other person about the accuracy, completeness or fairness of the information or opinions contained in this presentation. 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