Corero Network Security Plc · LSE:CNS
Corero Network Security — H1 2026 Earnings Presentation
18 slides from Corero Network Security's earnings presentation, September 2026
Slide 1: H1 2026 Presentation
Carl Herberger, CEO H1 2026 Chris Goulden, CFO PRESENTATION September 2026 AIM:AIM: CNS CNS OTCQX: DDOSF OTCQX: DDOSF
Slide 2: Safe Harbor Forward-Looking Statements
SAFE HARBOR FORWARD-LOOKING STATEMENTS This announcement may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisio
Slide 3: About Corero Network Security
ABOUT CORERO NETWORK SECURITY INNOVATOR IN DDoS PROTECTION Highly autonomous, real-time, hardware-agnostic protection against malicious activity, ensuring continuity, availability and uptime ACCELERATED REVENUE GROWTH 42% YoY revenue growth to $15.5 million STRONG NEW PRODUCT TRACTION CORE platform
Slide 4: H1 2026 in Numbers
H1 2026 IN NUMBERS $15.5m $24.1m $2.6m 93% REVENUE ARR EBITDA GROSS MARGIN +42% +12% 96% 95 50+ CUSTOMER PEOPLE COUNTRY RENEWAL RATE WORLDWIDE FOOTPRINT AIM: CNS OTCQX: DDOSF 4
Slide 5: H1 2026 Key Highlights
H1 2026 KEY HIGHLIGHTS FY 2026 EXPECTED TO EXCEED MARKET EXPECTATIONS* • Revenue growth +42% • Bookings growth +14% • Customer contract renewal rate of 96% • Significant partner & deal flow momentum • Key customer WAAP contract extension; $1.1 million 3-year contract • New customer, major service pr
Slide 6: Where We Win: AI Datacentre and NeoCloud
WHERE WE WIN AI DATACENTRE AND NEOCLOUD • Data centers now considered strategic assets • Greater global regulatory scrutiny due to growth integration of AI in data center operations • AI models are highly sensitive to latency – highly automated, sub-second mitigation solution meets these needs • Exa
Slide 7: Where We Win: Economic and Legislative Changes
WHERE WE WIN ECONOMIC AND LEGISLATIVE CHANGES • Governments and regulators now tightening cybersecurity regulations • DDoS protection becoming a legal requirement for critical infrastructure • E.gs DORA (EU), Cyber Security & Resiliency Bill (UK), Cyber Security Act (Australia) • Data sovereignty in
Slide 8: Escalating Threat Landscape
ESCALATING THREAT LANDSCAPE Attacks got BIGGER 262% increase in peak attack size Attacks got FASTER 6 SECONDS: shortest attack wave observed Attacks got SMARTER 50 unique attack vectors observed in one attack 1.4 million compromised devices in KIMWOLF Botnet Source: Corero Threat Intelligence Report
Slide 9: Why On-Prem Matters
WHY ON-PREM MATTERS SOVEREIGNTY. SPEED. AUDIT-READINESS. • Block attacks immediately and offload to cloud only when needed • Stop encrypted threats without exposing sensitive data • Keep encryption certificates and keys private • Satisfy regulatory and sovereignty requirements AIM: CNS OTCQX: DDOSF
Slide 10: Why Legacy Solutions Fall Short
WHY LEGACY SOLUTIONS FALL SHORT ADMINISTRATIVE BURDEN LACK OF FLEXIBILITY PERFORMANCE AND LATENCY HARDWARE-BASED BUSINESS MODELS LACK OF INTEGRATIONS AIM: CNS OTCQX: DDOSF 10
Slide 11: Expanding Our Product Footprint
EXPANDING OUR PRODUCT FOOTPRINT CORE: Expanding our market beyond DDoS • Traffic Observability and Analytics • Market size: ~$4.5Bn in 2026 at ~11% CAGR • Application and API Protection • Market size: ~$6-8Bn in 2026 at ~15% CAGR • Performance Monitoring • Market size: ~$10Bn in 2026 at ~13% CAGR •
Slide 12: Industry Recognition
INDUSTRY RECOGNITION SPARK MATRIXTM: • Comprehensive global evaluation framework that benchmarks vendors across industries • Corero not only ranked in ‘Leaders’ category for DDoS but also identified as the ‘Emerging Innovator’ in the industry INFOSEC AWARDS: • Corero recently received two awards: •
Slide 13: H1 2026 Highlights
H1 2026 HIGHLIGHTS REVENUE ARR GROSS MARGIN $15.5m $24.1m 93% 2022 2022 88% $8.8m 2022 $13.6m 2023 $10.5m 2023 $15.3m 2023 91% 2024 $12.2m 2024 $17.2m 2024 91% 2025 $10.9m 2025 $21.6m 2025 91% 2026 $15.5m 2026 $24.1m 2026 93% ORDER INTAKE NET CASH EBITDA $14.3m $2.1m $2.6m 2022 $10.9m 2022 $5.8m 202
Slide 14: H1 2026 Revenue Segments
H1 2026 REVENUE SEGMENTS SALES BY GEOGRAPHY Americas: 70% Rest of World: 30% H1 2026 REVENUE BY CATEGORY 26% 33% Software license and appliances Subscriptions (incl. DDPaaS) Maintenance and support 41% AIM: CNS OTCQX: DDOSF 14
Slide 15: Outlook
OUTLOOK 2026 •H2 2026 has started strongly, driven by significant customer wins and an improving sales pipeline enhanced by an extended product portfolio •ARR growth momentum expected to continue with continuing shift to Corero’s subscription-based sales model •As a result, management now expects Co
Slide 16: Thank You
THANK YOU [email protected] [email protected] AIM: CNS OTCQX: DDOSF
Slide 17: Capital Structure June 26
CAPITAL STRUCTURE JUNE 26 SHAREHOLDER DISTRIBUTION CASH $2.1M Insiders 38% Market Cap £42m ($56m) Retail 16% Shares Outstanding 512m Other Large Shareholders* 46% Warrants None Options 48m RSUs None Fully Diluted 561m Convertible Notes None * including: Sabvest Capital Holdings 11.2% 52 wk H/L 13.25
Slide 18: Financial Definitions
FINANCIAL DEFINITIONS ARR is defined as the normalised annualised recurring revenues and includes recurring revenues from contract values of annual support, software subscriptions including terms greater than one year, and from DDoS Protection-as-a-Service (‘DDPaaS’) contracts Order Intake / Booking
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