Aspermont Limited · ASX:ASP
Aspermont — Q4 FY26 Earnings Presentation
25 slides from Aspermont's earnings presentation, Oct 30, 2026
Slide 1: Q4 FY26 Investor Update
ASPERMONT ASPERMONT Q4 FY26 Investor Update — 30 October 2026 Transforming 190 years of resource-sector authority into a subscription-first data & intelligence platform Proven subscriptions engine | AI-enabled | Self-funded ASX:ASP | FRA:00W
Slide 2: The Market Leader in B2B Intelligence for the Global Resource Sectors
WHO WE ARE The Market Leader in B2B Intelligence for the Global Resource Sectors The Market Leader in B2B Intelligence for the Global Resource Sectors For 190 years Aspermont has been the trusted source of news, research and intelligence for the people who build, finance and supply the global resour
Slide 3: A House of Trusted Resource-Sector Brands
HOUSE OF BRANDS A House of Trusted Resource-Sector Brands A House of Trusted Resource-Sector Brands Flagship data & intelligence Flagship — 190-year heritage Origin brand; market penetration Operational mining market platform Project Pipeline Risk Index Analytics In-house marketing services Definiti
Slide 4: More than 25% of the Global Fortune 100 are Aspermont clients
HOUSE OF BRANDS More than 25% of the Global Fortune 100 are Aspermont clients More than 25% of the Global Fortune 100 are Aspermont clients FINANCIAL COMPANIES SUPPLY CHAIN SERVICES TECHNOLOGY SERVICES MINING MACHINERY BANKING ACCOUNTING ENERGY ENGINEERING INVESTMENT SERVICES LEGAL STEEL EQUIPMENT I
Slide 5: Three Engines, One Inflection
THE EQUITY STORY IN ONE PAGE Three Engines, One Inflection Three Engines, One Inflection Our growth priorities: converting readers into multi-year Enterprise subscription contracts and scaling proprietary data & intelligence products — the highest-margin, most scalable engines, all accelerated by AI
Slide 6: Each Subscription Earns 4.2x More and Lasts 52% Longer Than in 2016
TEN YEARS OF GROWTH Each Subscription Earns 4.2x More and Lasts 52% Longer Than in 2016 2.6x 4.2x 3.7x 23.1x 3.4x ARR ARPU Customer lifetime value Unit economics Top-10 client share $4.5m → $11.5m $623 → $2,622 $16.5m → $61.4m 19.8x → 23.1x 2.9% → 9.8% of revenue 9.9% CAGR 15.5% CAGR 14.0% CAGR LTV
Slide 7: Q4 FY26 at a Glance
THREE MONTHS TO 30 S E P T E M B E R 2026 Q4 FY26 at a Glance Q4 FY26 at a Glance Q4 reflects contract timing: $0.5m of revenue on signed contracts, led by a Tier-1 OEM Nexus contract, starts in FY27. $3.4m $2.5m $1.6m Revenue from continuing operations Subscriptions revenue Cash and cash equivalent
Slide 8: Guidance Scorecard
GUIDANCE SCORECARD “FY26 was a planned investment year. Our subscriptions engine completed ten years of growth, and we built the Data Intelligence business. Q4 signed a lighthouse Tier-1 OEM Nexus contract delivering through FY27, and proof-of-concepts with 10 Tier-1 miners for our new DI platforms
Slide 9: Tracking Delivery of the Transformation
EXECUTION SCORECARD Tracking Delivery of the Transformation Stage Deliverable Timing Status FOUNDATION Rio Tinto archive & data contract signed (~$550k) FY25 DELIVERED FOUNDATION Mining-IQ v1 platform launched Q4 FY25 DELIVERED BUILD D&I team, product roadmap and five-year plan in place H1 FY26 DELI
Slide 10: What Moved Q4 Revenue — Timing, Not Demand
Q4 FY26 REVENUE BRIDGE What Moved Q4 Revenue — Timing, Not Demand $4.7m ($1.07m) +$0.50m $3.9m ($0.11m) +$0.02m $3.4m ($0.17m) Flat +$0.07m Q4 FY25 Events timing¹ Nexus timing Print & lead gen Subs & data licensing Digital advertising Other Q4 FY26 Booked, starts FY27² Q4 FY26 + booked Excluding eve
Slide 11: Growth Engines Now Offsetting Legacy Decline — FY26 vs FY25
REVENUE PERFORMANCE Growth Engines Now Offsetting Legacy Decline — FY26 vs FY25 Growth Engines Now Offsetting Legacy Decline — FY26 vs FY25 $m unless stated FY26 FY25 Change % mix Subscriptions & Data Licensing 10.2 10.2 Flat 67% Growth lines: Nexus, digital advertising, events 3.7 3.2 +15% 24% Lega
Slide 12: Operating Cash Outflow Held at $0.21m–$0.35m a Quarter from Q2
CASH FLOW TRAJECTORY Operating Cash Outflow Held at $0.21m–$0.35m a Quarter from Q2 Quarterly net operating cash flow, FY26 ($1.50m) c.$0.3m Includes one-off outflows; underlying c.($0.3m)* underlying quarterly operating outflow since Q1, as disclosed in the Q1 FY26 Appendix 4C $1.6m cash at 30 Sep
Slide 13: Corporate Subscriptions — Large TAM, Long ARPU Runway
GROWTH RUNWAY Corporate Subscriptions — Large TAM, Long ARPU Runway WHERE WE ARE TODAY THREE GROWTH LEVERS ~80,000 mining corporates globally (TAM) 1 Grow volume Expand content · improve UX · optimise marketing 4,000+ corporate subscribers — ~6% penetration $11.6m ARR (incl. data licensing); ARPU >$
Slide 14: Building a Global Mining Data & Intelligence Platform
DATA & INTELLIGENCE OPPORTUNITY Building a Global Mining Data Intelligence Platform Building a Global Mining Data & Intelligence Platform Data pipeline live across a vast number of verified sources incl. government feeds · Rio Tinto data licence in delivery · proof-of-concepts with 10 Tier-1 miners
Slide 15: Proven, Aligned Leadership with Deep Sector Expertise
LEADERSHIP Proven, Aligned Leadership with Deep Sector Expertise Proven, Aligned Leadership with Deep Sector Expertise Michael Brown Alex Kent Ajit Patel Graeme McCracken Nishil Khimasia Josh Robertson Non-Executive Chair Managing Director COO / Exec Director Non-Exec Director CFO CMO Ex Merrill Lyn
Slide 16: Why We Will Win
DEFENSIBLE MOAT Why We Will Win Aspermont has a unique opportunity to produce relevant products at a scale and depth that is exceptionally difficult to replicate. The moat is the data, the network and the trust — not the technology. 1 190 years of proprietary archive 2 150+ journalists & analysts Ed
Slide 17: Four Reasons the Inflection Is Now
WHY NOW Four Reasons the Inflection Is Now Product readiness Proven subscriptions base 1 Rio Tinto data licence in delivery; proof-of-concepts with 10 Tier-1 miners from Nov 2026; MVP early 2027; revenue CY27. 2 Ten years of growth to June 2026; 15.5% ARPU CAGR; 4,000+ corporate subscriptions; 25%+
Slide 18: Enabling businesses to dig deeper and make better decisions for a brighter future
Enabling businesses to dig deeper and make better decisions for a brighter future Enabling businesses to dig deeper and make better decisions for a brighter future Heritage is becoming intelligence. Subscriptions are funding the build. The inflection is now. London Moor Place, 1 Fore Street Avenue,
Slide 19: Appendix
— — Appendix Brand & business guide · AI · Cap table · Glossary · Disclaimer
Slide 20: Q4 FY26 Financial Performance
FINANCIAL PERFORMANCE — Q4 FY26 vs Q4 FY25 Q4 FY26 Financial Performance Q4 FY26 Financial Performance $m Q4 FY26 Q4 FY25 Change Subscriptions and Data Licensing revenue 2.5 2.5 Flat Other revenue (Advertising, Nexus & Events) 0.9 2.2* (59%) Total revenue from continuing operations 3.4 4.7 (27%) Ope
Slide 21: What Each Brand & Business Does
What Each Brand Business Does HOUSE OF BRANDS · WHAT EACH DOES What Each Brand & Business Does A plain-English guide to Aspermont's brands and the role each plays across the resources industry. Mining Journal Future of Mining The 190-year flagship: global news, analysis and research for the The flag
Slide 22: AI Is a Tailwind, Not a Headwind
AI AI Is a Tailwind, Not a Headwind AI Is a Tailwind, Not a Headwind Gated content and data from 190 years of continuous daily reporting, a vast number of verified 1 Proprietary, not scrapeable sources and government feeds. General-purpose LLMs cannot reproduce it, and enterprises verify AI output a
Slide 23: A Clean, Institutional-Ready Capital Structure
CAPITAL STRUCTURE — POST 250:1 CONSOLIDATION A Clean, Institutional-Ready Capital Structure A Clean, Institutional-Ready Capital Structure STRUCTURE SUBSTANTIAL HOLDERS (% IC) Directors & Executives (combined) 27.1% Ticker codes: ASX:ASP | FRA:00W BNP Paribas Nominees 15.3% Shares on issue: ~11.6m (
Slide 24: Key Terms
GLOSSARY Key Terms Key Terms ARR Annual Recurring Revenue — annualised value of recurring ARPU Average Revenue Per Unit — average annualised subscriptions subscriptions at period end (non-IFRS; retired from FY27). revenue per corporate-subscription unit. NRR Net Retention Rate — YoY recurring-revenu
Slide 25: Disclaimer
IMPORTANT NOTICE Disclaimer Disclaimer This presentation has been prepared by Aspermont Limited (ASX:ASP). All financial information has been prepared in accordance with Australian Accounting Standards; certain data is non-IFRS financial information and readers are cautioned not to place undue relia