Announcement PDF F E L I X G R O U P H O L D I N G S L T D Investor Presentation ASX : FLX 01 FY26 results 02 New strategy 03 Equity Raising September 2026 1 FY26 Results & Investor Presentation The following important notice and disclaimer applies to this investor presentation (Presentation) and you are therefore advised to read this carefully before reading or making any other use of this Presentation or any information contained in this Presentation. This Presentation has been prepared by Felix Group Holdings Limited (Felix) and is dated Thursday, 24 September 2026. This Presentation has been prepared in relation to the following: a) an institutional placement (Placement) of new fully paid ordinary shares in Felix (New Shares) to certain institutional and sophisticated investors in Australia under section 708A of the Corporations Act 2001 (Cth) (Corporations Act), certain institutional and professional investors in New Zealand, Hong Kong, Singapore, the United Kingdom and “institutional accredited investors” (within the meaning of Rule 501(A)(1), (2), (3), (7), (8), (9) or (12) under the US Securities Act) in the United States; and b) an offer of New Shares under a share purchase plan (SPP) to be made under ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547. (the Placement and SPP are together, the Offer). For the purpose of this Important Notice and Disclaimer, the term Affiliate includes the shareholders of an entity, as well as the entity's respective advisers, affiliates, related bodies corporate, directors, officers, partners, consultants, employees and agents. General information only – This Presentation contains general background and summary information about Felix as at its date. It does not purport to and should not be considered to be comprehensive and does not include all information a shareholder or potential investor may require to make an investment decision, nor does it contain all the information which would be required in a disclosure document prepared in accordance with the Corporations Act. It should be read alongside Felix’s latest financial reports and continuous disclosure information released to the Australian Securities Exchange (ASX), available at www.asx.com.au. Information and opinions in this Presentation should not be relied upon. Felix is under no obligation to correct the content of this Presentation, except as legally required. The content is based on available information, including third-party sources, and has not been independently verified. Not an offer, financial, product or investment advice -This Presentation is not a prospectus, disclosure document, product disclosure statement, or other offering document under Australian law or any other jurisdiction, and it will not be lodged with the Australian Securities and Investments Commission (ASIC) or any foreign regulator. It is for informational purposes only and does not constitute an offer, solicitation, recommendation, or inducement to subscribe for, buy, or sell any securities, including Felix shares, in any jurisdiction. Nothing in this Presentation constitutes financial product advice, or any other form of advice including legal, tax, or investment advice, nor does it constitute a recommendation. It does not consider the investment objectives, financial situation, or needs of any particular investor. It is not intended to be relied upon as advice and does not form part of any contract or commitment to acquire shares in Felix. Before making an investment decision, you should assess the suitability of the information having regard to your own circumstances and seek appropriate professional advice. Felix nor their Affiliates are licensed to provide financial product advice in respect of Felix shares. Recipients this Presentation should conduct their own independent enquiries into the information contained in this Presentation, including any assumptions, risks, and uncertainties that may affect Felix’s future operations and performance. Any decision to participate in the SPP must be based solely on the separate Offer Booklet, which will be made available after lodgement with the ASX. I M P O R T A N T N O T I C E & D I S C L A I M E R 2 FY26 Results & Investor Presentation Eligible shareholders wishing to participate in the SPP should read and consider the Offer Booklet before deciding whether to subscribe for and purchase New Shares under the SPP and follow the instructions therein and in the accompanying Application Form. Anyone wishing to subscribe for New Shares under the SPP must follow the instructions set out in the Offer Booklet and the accompanying Application Form. This Presentation and its contents are provided on the basis that recipients will not deal in the securities or the financial products of Felix in breach of applicable insider trading laws. Investment risk - An investment in Felix shares involves known and unknown risks, including the potential loss of income or principal, some of which are beyond Felix’s and its directors’ control. Neither Felix nor its Affiliates guarantees any return, performance, or tax treatment. You should consider the risk factors outlined in pages 28 -33 (inclusive) (Key Risks) of this Presentation, in light of your own financial objectives, circumstances, and needs. Independent professional advice should be sought from a stockbroker, solicitor, accountant, financial adviser, or tax adviser before making any investment decision. Cooling off rights do not apply to the acquisition of New Shares. Financial data - Unless otherwise stated, all dollar values in this Presentation are expressed in millions of Australian dollars (A$ million). Figures, estimates, and percentages may be subject to rounding, and actual calculations may differ slightly. You should note that this Presentation contains historical financial information for each of Felix for the financial year ended 30 June 2026 based on unaudited management accounts, released to the ASX on 31 August 2026 (Unaudited Management Accounts). These Unaudited Management Accounts remain subject to audit. This Presentation also provides forward guidance relating to revenue growth in FY27, see page 26. The Directors consider that there is a reasonable basis for such forward financial information and that such financial information complies with ASIC Regulatory Guide 170. This information must, however must be considered in light of the assumptions, Key Risks contained in pages 28 -33 (inclusive) and the disclaimer around forward looking statements outlined below. The financial information in this Presentation is presented in an abbreviated form insofar as it does not include all of the presentation and disclosures required by the Australian Accounting Standards (AAS) and other mandatory professional reporting requirements applicable to general purpose financial reports prepared in accordance with the Corporations Act. You should consider the basis of preparation and assumptions underlying the financial information contained in this Presentation. All financial information disclosed in this Presentation are on a post AASB-16 basis. You 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 are not recognised under AAS and International Financial Reporting Standards (IFRS). The non-IFRS financial information include any information relating to ARR, ACV and 'annualised numbers' (including Enterprise, Marketplace and Nexvia, sales and pipeline), gross margin and any data relating to platform activity and customers. Such non-IFRS financial information financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non-IFRS financial information 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. Although Felix believes these non-IFRS financial measures provide useful information in measuring the financial performance and condition of its business, you are cautioned not to place undue reliance on any non-IFRS financial information included in this Presentation. Past performance - Past performance, including Felix’s historical or pro forma financial results and share price performance, is provided for illustrative purposes only and is not a reliable indicator of future outcomes. No assurance is given that any financial product or service will achieve targeted returns, meet asset allocations, or deliver on its investment strategy or objectives. Nothing in this Presentation, or any information made available, constitutes or should be relied upon as a promise, representation, warranty, or guarantee of past, present, or future performance. I M P O R T A N T N O T I C E & D I S C L A I M E R ( C o n t i n u e d ) 3 FY26 Results & Investor Presentation Forward looking statements – This Presentation contains forward looking statements, including projections, earnings guidance, potential synergies, and expectations regarding the future performance of Felix. These may be identified by words such as “anticipate”, “expect”, “should”, “could”, “may”, “predict”, “plan”, “project”, “will”, “believe”, “opinion”, “forecast”, “aim”, “estimate”, “outlook”, “guidance”, “potential”, “target”, “likely”, “intend”, “propose” and similar expressions. Indications of, and guidance on, future earnings and financial position and performance are also forward looking statements. These statements are not guarantees of future performance and should not be relied upon as such. Actual results may differ materially due to various assumptions, uncertainties, and risks, including the success of Felix’s strategies. Nothing in this Presentation represents a promise or assurance of future outcomes. Forward-looking statements are based on information available as of the date of this Presentation. Except as required by law (including under the ASX Listing Rules), Felix and its Affiliates have no obligation to update or revise them due to new information, future events, or otherwise. No representation or warranty is made regarding the accuracy, likelihood of achievement, or reasonableness of any forward-looking statements. Investors are strongly cautioned not to place undue reliance on these statements. Nothing in this Presentation is a promise or representation as to the future. Forward looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statement and any projections and assumptions on which these statements are based. These statements may assume the success of Felix's business strategies. The success of any of those strategies will be realised in the period for which the forward looking statement may have been prepared or otherwise. You are cautioned not to place undue reliance on forward looking statements and except as required by law or regulation, and none of Felix or its Affiliates assumes any obligation to update those forward looking statements. No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this Presentation. The forward looking statements are based on information available to Felix as at the date of this Presentation. Except as required by law or regulation (including the ASX Listing Rules), none of Felix or its Affiliates undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward looking statements. Investors are strongly cautioned not to place undue reliance on forward looking statements. I M P O R T A N T N O T I C E & D I S C L A I M E R ( C o n t i n u e d ) 4 FY26 Results & Investor Presentation Disclaimer - Statements made in this Presentation are made only as at the date of this Presentation. The information in this Presentation remains subject to change without notice. Felix may in its absolute discretion, but without being under any obligation to do so, update or supplement this Presentation. Any further information will be provided subject to the terms and conditions contained in this Important Notice and Disclaimer. To the maximum extent permitted by law, each of Felix, Felix Group, the Lead Manager, and their respective Affiliates exclude and expressly disclaim: a) all duty and liability (including, without limitation, any liability arising from fault, negligence or negligent misstatement) for any expenses, losses damage or costs (whether foreseeable or not) incurred by you as a result of your participation in, or failure to participate in, the Offer or the information in this Presentation being inaccurate or incomplete in any way for any reason, whether by negligence or otherwise; b) any obligations or undertaking to release any updates or revisions to the information in this Presentation to reflect any change in expectations or assumptions; and except as required by applicable law or regulation (including the ASX Listing Rules), neither Felix nor its Affiliates have any obligation to provide any additional or updated information, whether as a result of new information, future events or results or otherwise. c) all liabilities in respect of, and make no representation or warranty, express or implied as to the fairness, currency, accuracy, reliability or completeness of information in this Presentation or any constituent or associated presentation, information or material, or the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects or returns (or any event or results expressed or implied in any forward looking statement) contained in, implied by, the information in this Presentation or any part of it, or that this Presentation contains all material information about Felix or which a prospective investor or purchaser may require in evaluating a possible investment in Felix or acquisition of securities in Felix. Trademarks, photographs and diagrams - This Presentation may contain trademarks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, trade names and copyrights referred to in this Presentation may be listed without the © or ® symbols, but Felix asserts, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, trade names and copyright. Photographs, trademarks and diagrams used in this Presentation that do not have descriptions are for illustration only and should not be interpreted to mean that any person shown in them endorses this Presentation or its contents or that the assets shown in them are owned by Felix. Diagrams used in this Presentation are illustrative only and may not be drawn to scale. International selling restrictions - This Presentation does not constitute an offer of New Shares in any jurisdiction in which it would be unlawful. In particular, this Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Any securities described in this document have not been, and will not be, registered under the US 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 except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and any other applicable United States state securities law. The New Shares may not be offered and sold to any person in the United States. The distribution of this Presentation outside Australia is restricted by law and persons into whose possession this Presentation comes should observe any such restrictions, including those set forth in the International Offer Restrictions section of this Presentation. If you come into possession of this Presentation, you should observe such restrictions. Any non-compliance with these restrictions may contravene applicable securities laws. By accessing this Presentation, you represent and warrant that you are entitled to receive such Presentation in accordance with these restrictions and agree to be bound by the limitations contemplated by them. See further International Offer Restrictions on pages 35 and 36 of this Presentation. . I M P O R T A N T N O T I C E & D I S C L A I M E R ( C o n t i n u e d ) 5 N E W L E A D E R S H I P Proven operators with a focus on execution – to fulfil Felix's potential Dominic O'Hanlon Chairman Chris Atkin CEO Stephen Hunter CFO & Company Secretary Joined February '26 Joined April '26 Joined August '26 Former CEO of Rhipe Chair & NED of multiple ASX & private businesses Directly involved in >$2b of exit valuations >10 yrs in SaaS. Previously CEO of Rezdy Grew from $1m to $30m ARR. Created a group with $300m enterprise value & delivered an exit 9 yrs in SaaS. Former CFO of RedEye Lead role in acquisition by Accruent/Fortive FY26 Results & Investor Presentation 6 S E C T I O N 0 1 FY26 results Expanding Felix platform scale & creating commercial momentum 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 7 F Y 2 6 O V E R V I E W $13m Group contracted ARR at 30 June 2026 New Chairman & CEO - new strategy launched AI products in validation stage ~73k vendors active in the last 12 months +38% FY26 revenue YoY 58% FY26 Gross Margin $3.4m Cash & cash equivalents (30 June '26) FY26 Results & Investor Presentation Based on unaudited management accounts which were released to the ASX on 31 August 2026 & remain subject to audit 8 C O M M E R C I A L M O M E N T U M Enterprise execution strong in Q4 - the best quarter in two years $7.5m Enterprise Contracted ARR at 30 June 2026 Q4 added 7 new customers & 5 expansion deals - in total $495k enterprise ARR ENTERPRISE ARR SALES (BY QUARTER - FY26) Q1 $0.2m Q2 $0.1m Q3 $0.4m Q4 $0.5m $3.7m Nexvia ARR · growing +26% YoY $1.8m Marketplace ARR · growing +3% YoY FY26 Results & Investor Presentation Based on unaudited management accounts which were released to the ASX on 31 August 2026 & remain subject to audit 9 P L A T F O R M P A R T I C I P A T I O N Increasing connection between Enterprise & Vendor is demonstrated by platform activity Enterprise 80 Customers · FY25 75 11.8k RFQs sent · +27% FY25 89% RFQ Completion · +1pp v FY25 Vendors 73,300 Active LTM · +26% v FY25 587 Paying · June 25 366 30.0k RFQ responses· +23% v FY25 All participation measures grew FY26 over FY25 - the network is already assembled & active. FY26 Results & Investor Presentation Based on unaudited management accounts which were released to the ASX on 31 August 2026 & remain subject to audit 10 S E C T I O N 0 2 New strategy Moving from closed Enterprise software to an open platform delivering value to Enterprise & Vendor 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 11 P R O C U R E M E N T I S A N E T W O R K A C T I V I T Y Enterprise & Vendor work together repeatedly - but supporting technology is fragmented & doesn't help to connect them Enterprise Vendors Sourcing Compliance Contracts Projects Vendor data Spreadsheets Enterprise – hard to find & use best supply Vendor knowledge sits across teams & systems. High friction to qualification & assessment of new vendors - hence a default to known vendors Vendors – hard to be discovered & win more work Limited to known relationships as high cost to pursuing work across all possible buyers. Credentials & reputation trapped within the many systems they are forced to use Technology – provide fragmented point solutions Built around single organisations or workflows, not the relationship between enterprise & vendor. Each side has to navigate the gaps through bespoke integrations or offline work The problem: not a shortage of procurement technology but the absence of a common layer connecting participants, data & workflows FY26 Results & Investor Presentation 12 A C O N N E C T E D P R O C U R E M E N T P L A T F O R M Felix is evolving into an open platform connecting Enterprise, Vendor & the ecosystem around them Enterprise governance portal Includes vendor management & compliance, contract lifecycle management - plus access to the complete platform Further workflow tools Enabling all participants to prepare & work together efficiently, eg Source to Contract, Nexvia Connectivity Vendor identity Single, enduring, verifiable profile providing access to the complete platform Platform intelligence Analysis & insight enabling each side of the network to maximise value from the platform Open participation Reaching beyond any of today's existing individual networks Open capability Not just Felix tools – the best of partner tools too Open connectivity Data & workflows move between partners & the Felix platform ENTERPRISE VENDORS Marketplace Discovery, matching & transacting – fragmented sourcing categories first then strategic procurement Agentic-first partner integrations - ERP, procurement systems & 3rd party data FY26 Results & Investor Presentation 13 A S I N G L E T R U S T E D O P E N P L A T F O R M Felix will deliver value to every participant – allowing Enterprise & Vendors to access the capabilities they need More Enterprises → More vendor opportunity → More connections → More data & trust → Better outcomes Enterprise more choice, less friction — Broader relevant vendor discovery — Trusted governance & verification — Specialised workflow tools in one platform — External data & intelligence brought into the process Vendor more opportunity, less effort — Discoverable beyond existing customers — Reusable identity, credentials & reputation — Access to more relevant opportunities — Less bidding & administration effort Partner distribution into the network — Access to an established Enterprise & Vendor network — Easy to embed specialist workflows & data — Extend their proposition with Felix network capability — Connect to a common vendor identity & intelligence layer U N L O C K I N G A P O W E R F U L N E T W O R K E F F E C T FY26 Results & Investor Presentation 14 A I T R A N S F O R M I N G H O W T H E N E T W O R K C A N O P E R A T E NOW - reducing manual effort — Bid analysis & Bid Insights — Vendor assessment — Compliance & verification — Marketplace discoverability — Internal AI productivity FUTURE - network intelligence — Automated verification - credentials, compliance, external information — Smart matching - vendors, Enterprises, requirements & opportunities — Workflow assistance - tendering, sourcing, contracts & administration — Deeper insight - risk, reputation, performance & benchmarks The impact: Reducing friction today while progressively compounding intelligence across the network FY26 Results & Investor Presentation 15 B A L A N C E D C O M M E R C I A L M O D E L Delivering value & monetising both sides of the network Enterprise Established → Expand Tiered subscriptions for contractors & assets owners - driven by vendor management & workflow tools across the higher tiers Opening up platform to users of 3rd party sourcing tools – providing use of Marketplace & other valuable features Vendor Latent → Activate → Expand A single vendor ID increasing visibility - with tiered access to participation & tooling Covering users of the full platform capability - enterprise & marketplace sourcing as well as workflow tools & platform intelligence Through to ad hoc marketplace users FY26 Results & Investor Presentation 16 F R O M S T R A T E G Y T O E X E C U T I O N Four workstreams to deliver against our strategy 1 Grow & deepen Enterprise New customer acquisition NRR improvement Module expansion More vendors to work with 2 Activate the Vendor network Define & target the active vendor base Launch packages & pricing Offering more ways to win work Evolve monetisation & value 3 Connect & develop the platform Commercial partnerships first Technical connectivity for AI- enabled workflows Data incorporation 4 Improve Group operating performance Nexvia toward profitability Cost discipline Prioritise product investment Reduce cash burn AI-assisted value Enterprise access to marketplace FY26 Results & Investor Presentation 17 I N V E S T M E N T C A S E Foundations established - the opportunity is to activate our network Core momentum Improved Enterprise execution exiting FY26 Established scale ~$13m contracted ARR with strong existing Enterprise & Vendor participation levels A network to activate ~73k vendors active across the platform in the last 12 months AI inflection point Unique context, data & trust turned into new platform capability Broader monetisation A clear route to similar levels of Enterprise & Vendor monetisation Capital efficient model The open platform expands capability without Felix building everything The objective: a scaled, profitable platform with strengthening network effects FY26 Results & Investor Presentation 18 T I E R E D P R I C I N G L E V E L S Offering value to Enterprise & Vendor – to suit their specific needs Est ACV range: Above $130k Full-suite platform access – vendor management/governance; workflow tools, MP & platform intelligence Est ACV range: $25k-$100k Enterprise governance portal – selected platform usage to fit their business requirements Est ACV range: $5k-$25k Marketplace-only PAYG – with some automation & platform intelligence modules available Est ACV range: Above $12k Full-suite platform access – single vendor ID; best opportunity to win work; highest level of automation & efficiency Est ACV range: $6k-$12k Vendor ID as portal to platform capability – selected platform module usage to fit individual vendor needs Est ACV range: $1k-$5k Marketplace-only PAYG – with some automation & platform intelligence modules available The intent: flexible packaging for both enterprise & vendors involved with building, owning, managing & maintaining assets Enterprise Vendors Gold Silver Bronze FY26 Results & Investor Presentation 19 C O N T I N U E D O P P O R T U N I T Y I N E N T E R P R I S E Strong near-term opportunities - consolidating existing sectors & expanding further Gold Silver Bronze $0.4m $0.7m $0.8m $0.9m $1.4m $2.0m Real Estate Infra Projects Mining Contractor All other sectors Infra Services Resources Owner $0.1m $0.3m $0.4m $0.5m $1.0m $1.1m All other sectors Government Real Estate Infra Services Infra Projects Utility Owner Infrastructure & Utilities depth Smaller Tier 1 infrastructure pipeline due to 75% market share. Upside in Utilities & remaining Tier 1 players, including expansion from current customers Volume across the core base Strong pipeline of smaller Mine Owners. Expanding into Aged Care, Education - with vendor management at the core & Marketplace included In pilot phase Opportunity includes: • Partnering with other workflow providers to offer vendor management &/or Marketplace to their customers • Enabling NXV customers to offer services in Marketplace – by bringing in fit-out searchers • Upgrade existing Marketplace searchers to become Enterprise subscription payers $3.3m of qualified pipeline $6.2m of qualified pipeline $1.1m of qualified pipeline The opportunities detailed above reflects prospects where Felix has had specific contact with a representative within that business and a demonstration request has been received from that business by Felix. The numbers have then been determined by applying an indicative ARR based originally on business size and revenue and then by the more relevant factors of module interest, users and vendor levels. ARR for 5 largest sectors is shown with the remainder in 'all other sectors'. These numbers reflect what Felix considered to be opportunities only, have not been subject to external review, are indicative only and may not eventuate. 20 FY26 Results & Investor Presentation H Y P O T H E T I C A L V E N D O R O P P O R T U N I T Y ~73k vendors already active in the last 12 months Activation of even this existing base of active Vendors brings a powerful revenue outcome – continued activity levels would only further increase the result Illustrative economics at an average of $299 per vendor per month (our current entry plan) @2.5% 1,833 paying vendors $6.6m annualised @5% 3,665 paying vendors $13.2m annualised @7.5% 5,498 paying vendors $19.7m annualised This assumes the percentage conversion of active vendors (at 2.5%, 5% & 7.5% of the ~73,000 of active vendors) & is determined by multiplying that percentage of active vendors by $299 per month over a 12 month period. An active vendor is a vendor that has either responded to or been approved by an Enterprise or has used the Marketplace in the last 12 months. This information has been provided to reflect the market opportunity based on the possible conversion of active vendors & is not a forecast. 21 FY26 Results & Investor Presentation S E C T I O N 0 3 Equity Raising With foundations established – Felix's opportunity is to activate its existing ANZ network then unlock expansion & acceleration through a natural network effect 01 FY26 results 02 New strategy 03 Equity Raising FY26 Results & Investor Presentation 22 E Q U I T Y R A I S I N G S U M M A R Y Funding AI development & network activation to unlock scalable, higher margin revenue • A non-underwritten two-tranche institutional placement to raise A$5.5 million via the issue of 144