Streamex Corp. · NASDAQ:STEX
Streamex — Q2 2026 Earnings Presentation
27 slides from Streamex's earnings presentation, Aug 17, 2026
Slide 1: Q2 2026 Earnings & Corporate Update
STREAMEX NASDAQ: STEX Q2 2026 Earnings & Corporate Update Second quarter results, the distribution we built, and what comes next. Henry McPhie Co-Founder & Chief Executive Officer Christine Plummer Chief Financial Officer EARNINGS CALL · AUGUST 17, 2026
Slide 2: Disclaimers
Disclaimers GENERAL FINANCIAL INFORMATION This presentation has been prepared by Streamex Corp., a Delaware corporation (“Streamex” or the “Company”), and contains information pertaining to the business and The financial information included in this presentation and other financial information about
Slide 3: Disclaimers Related to Past Performance Metrics
Disclaimers Related to Past Performance Metrics This presentation contains references to prior performance of certain asset classes and investment products, including physical Hypothetical, Back-Tested, Target, and Model Performance gold bullion and gold ETFs. Such references are intended to inform
Slide 4: What we'll cover today
AGENDA What we'll cover today. 01 Second quarter financial results 02 What we built this quarter Results, liquidity, cash runway, and capital structure. The distribution partnerships signed in Q2, and what each one unlocks. C hrist ine P lum mer H e nry Mc P hie 03 GLDY Update 04 GLDC – a new revenu
Slide 5: What Streamex is - and what it is not
THE COMPANY What Streamex is - and what it is not. For anyone hearing our story for the first time. STREAMEX IS STREAMEX IS NOT • A financial technology company that built and operates a tokenization • A cryptocurrency company. We do not issue, trade or speculate in platform for commodity capital ma
Slide 6: Second quarter financial results
01 Second quarter financial results Christine Plummer, Chief Financial Officer S T R E A M E X NASDAQ: STEX 6
Slide 7: Q2 2026 Highlights
Q2 2026 Highlights Q2 FINANCIALS GLDY Update • Gold lease income of $0.1m – the first income under the tokenized gold • External ownership of GLDY increased to 9.0% platform. • 27.30 oz’s in dividends earned; First attestation completed. • Operating expenses decreased by $20.4M, or 57.1%, compared t
Slide 8: First gold lease income in the Company's history
RESULTS First gold lease income in the Company's history. $146K 57.1% $14,551K None First gold lease income recognized Q2 2026 vs. Q1 2026 decline in Net loss, improved 69.0% when compared Total debt outstanding Operating Expenses to Q1 2026 $ thousands (unaudited) Q2 2026 Q1 2026 1H 2026 Gold lease
Slide 9: Balance Sheet
Balance Sheet Strong balance sheet allows the company to focus on growth rather than financing. CAPITAL STRATEGY – Q2 2026 BALANCE SHEET SNAPSHOT $ in millions Objective: De-risk balance sheet, fund growth, and reposition capital toward digital asset 6/30/2026 3/31/2026 infrastructure Current assets
Slide 10: What we hold, and what we can spend today
LIQUIDITY What we hold, and what we can spend today. $32.8M Working capital $41.8M ~$19.5M None Total debt Total liquidity position1 Immediately available today $147.1M Total equity Component Amount Available today Why the two numbers differ Cash and marketable securities $18.5M Yes • $5.0M of digit
Slide 11: Operating burn is falling as one-time costs roll off
RUNWAY Operating burn is falling as one-time costs roll off. Monthly operating cash burn $M Q2 2026 actual 1.6 ~18 months on immediately available funds alone, at the expected run rate Less: accounting and other consulting services (0.1) Less: one-time personnel costs (0.2) Less: marketing costs (0.
Slide 12: Capital structure and shareholder matters
CAPITAL Capital structure and shareholder matters. (Share counts are presented as of 6/30/2026) 112,622,795 69,598,196 182,220,991 Common shares outstanding Exchangeable shares, 1:1 Fully diluted, incl. exchangeables 01 Share repurchase program On July 1, 2026, the Board authorized the repurchase of
Slide 13: The business
02 The business Henry McPhie, Co-Founder & Chief Executive Officer S T R E A M E X NASDAQ: STEX 13
Slide 14: We spent the quarter building distribution
Q2 IN REVIEW We spent the quarter building distribution Five partnerships and infrastructure collaborations signed since May 24/7 decentralized secondary liquidity infrastructure for tokenized securities, with GLDY as the inaugural asset. Compliance enforced 27 MAY Orca automatically at the venue le
Slide 15: The GLDY Access Network today
DISTRIBUTION The GLDY Access Network today. We win by letting brokerages, custodians and retirement platforms offer our assets to their own clients. Partner What it unlocks Scale Status Siebert Financial Brokers can offer GLDY to their clients for custody and trading on tZERO ~$20bn network assets L
Slide 16: You do not need to understand tokenization to own this
ACCESS You do not need to understand tokenization to own this. Ways capital reaches GLDY today, none of which require the investor to engage with the technology. 01 02 03 Through their broker or advisor Exposure through swap Through the carry An advisor allocates to GLDY the way they allocate to Str
Slide 17: Making the product effortless to own
PRODUCT & DESIGN Making the product effortless to own. The fastest way to convert interest into assets is to remove every step that makes someone hesitate. A rebuilt account-opening and accreditation flow, with fewer KORI HANDY · VP, PRODUCT & DESIGN Onboarding steps between arriving and being verif
Slide 18: GLDY today: proven, paying and liquid
GLDY GLDY today: proven, paying and liquid. Net asset value has tracked the gold price exactly as designed 1:1 since launch ASSETS OUTSTANDING 3,096 oz 3,111 oz 4 Yield distributions paid to holders, every one of them on schedule Mar 31, 2026 Jun 30, 2026 Assets outstanding were broadly unchanged in
Slide 19: This market moves in steps, not on a slope
ADOPTION This market moves in steps, not on a slope. Institutional allocation to a new asset class concentrates around the first mover, and then it accelerates. WHAT THE CATEGORY LOOKS LIKE Wall Street rewards the fast follower Allocators are not paid to be first into a new structure. They are paid
Slide 20: The Gate Scoreboard
ADOPTION The Gate Scoreboard You asked which gates sit between an announced partnership and funded assets. Here they are, with status. Gate Why it blocks capital Status Legal wrapper and disclosure Allocators will not take legal risk on structure Complete Physical custody Institutions cannot allocat
Slide 21: GLDC: Permissionless gold, on a productive reserve
GLDC GLDC: Permissionless gold, on a productive reserve. Backed by GLDY, without the accreditation gate. WHAT IT IS WHY IT MATTERS • Issued by the independent Auriferous Foundation. Streamex acts as a • It is one reserve — GLDC assets are GLDY assets, so growth in GLDC is servicer to the Foundation
Slide 22: GLDC adds an entirely new revenue line to Streamex
BUSINESS MODEL GLDC adds an entirely new revenue line to Streamex. The same shape as a stablecoin issuer's business — with gold as the reserve asset instead of treasuries. 01 02 03 04 Someone buys GLDC GLDY is minted behind it The reserve earns 3.5%1 Streamex earns on GLDC growth & on the GLDY Capit
Slide 23: GLDY, GLDC and the incumbents
POSITIONING GLDY, GLDC and the incumbents. GLDY GLDC PAXG / Tether Gold Backing Physical gold bullion, custodied with Asahi GLDY, 1:1 Physical gold Reserve productivity 3.5% through gold leasing Same reserve — productive Idle No — funds ecosystem incentives, not a Yield to holder Yes — paid monthly
Slide 24: Depth before breadth
SEQUENCING Depth before breadth. In May we guided to a silver launch in the third quarter. With our strategic focus on ensuring the success of GLDY 01 We said Q3 for silver, and we changed it and GLDC, we have shifted our silver launch to 2027. The highest-return use of our engineering capacity and
Slide 25: The market we are building into
MARKET The market we are building into. Tokenization has moved from pilot to allocation — and the institutions that set the agenda are already building. $38.3B $16T $146T on-chain today projected by 2030 Total commodities market size Tokenized real-world assets excluding stablecoins, up from BCG and
Slide 26: What to hold us to
NEXT 90 DAYS What to hold us to. Deliberately short and deliberately specific. 01 Convert the first institutional allocations into GLDY 02 Onboard our first institutional partners as holders The priority above everything else. The first orders are what turn a proven product Named allocators on the r
Slide 27: Questions
Questions Please feel free to ask management questions now live on the call, we also collected questions submitted ahead of the call and will work through them. [email protected] · streamex.com · NASDAQ: STEX