Announcement PDF 1H26 Results Presentation 24 February 2026 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 FOS-ASX Share Price SKM Investment Group 46.6% Other 40.2% Hancock & Gore (HNG-ASX) 14.5% FOS Capital | 1H26 Result Presentation 2 Corporate Overview FOS Capital FOS-ASX IPO date 3 June 2021 Share price (20 Feb 2026) $0.20 Shares on issue 68,734,477 Market capitalisation $13.7m Cash (31 Dec 2025) $1.7m Net Debt (31 Dec 2025) $1.8m Note: SKM Investment Group is an entity associated with the Executive Directors Board of Directors Sandy Beard Non-Executive Chair Con Scrinis Managing Director Michael Koutsakis Executive Director Michael Monsonego Non-Executive Director Key Shareholders FOS Share Price Source: FactSet, as at 23Feb 2026 • 1H26 marked a disappointing first loss following 14 consecutive profitable half-years • Market trading softer with longer lead times for orders being placed • Quote book still strong with orders expected to lift during 2026 calendar year • ATS acquisition remains on track, with losses incurred reflecting expected initial performance given the restructure. • Glowing Structures acquisition remains on track, with $2m specifications generated which will contribute to FOS sales in calendar 2026. • Cost reduction program has commenced, with expected annualised savings of $1m. • Driven by a combination of head count reduction and import replacement of certain products. • FOS Capital’s strategic focus remains intact and management are confident that continued execution against the strategy will result in improved financial performance ahead. FOS Capital | Company Update 3 1H26 Review Strategy intact despite challenging 1st half 1H26 Highlights FOS continues to build out critical mass in challenging conditions Sales $12.4m -12% vs pcp EBITDA $0.5m -65% vs pcp FOS Capital | 1H26 Result Presentation EPS (0.90)cps 1.46cps in pcp Operating Cash Flow $0.4m $2.5m in pcp 4 NPAT $(0.6)m $0.7m in pcp Cost Reduction $1m Annually Commenced from 3Q26 Acquisition Update Aldridge Traffic Systems Turnaround well underway Profitable by June 2026 Acquisition Update Glowing Structures Successfully integrated into Group $2m specifications generated Excludes ATS restructuring costs (~$800k) 1H26 Financial Highlights Challenging markets impacted 1H26 FOS Capital | 1H26 Result Presentation 5 Revenue ($m) FOS continues to build towards critical mass, including the integration of recent acquisitions. EBITDA ($m) EBITDA margin (%) 8.6 8.5 9.9 14.6 14.0 11.5 12.4 1H23 2H23 1H24 2H24 1H25 2H25 1H26 0.6 0.4 0.9 1.2 1.4 0.7 0.5 1H23 2H23 1H24 2H24 1H25 2H25 1H26 7.1% 4.2% 8.9% 8.4% 10.1% 6.0% 4.0% 1H23 2H23 1H24 2H24 1H25 2H25 1H26 Note: 1H26 EBITDA excludes ATS restructuring costs of approx. $800k FOS Capital | 1H26 Result Presentation 6 Growth Strategy Consolidating fragmented markets via organic growth and M&A • As a leader in highly fragmented markets, FOS is able to acquire businesses and realise significant synergies, providing a base to take further market share. • The seven acquisitions executed to date have been successfully integrated and optimised, with the recent integration of Aldridge Traffic Systems and Glowing Structures continuing to improve. Management have maintained a consistent focus on business optimisation in order to improve gross margins through scale and purchasing power. Following recent acquisition integrations, FOS identified opportunities to further reduce operating expenses. A combination of head count reduction and import replacement of certain products is expected to drive annualised savings and Gross Profit improvements of $1m per annum, with these changes commencing from 3Q26. • Each of FOS’acquisitions to date, along with ongoing core business growth, are accruing significant scale advantages and the resulting operating leverage will allow strong top line growth to generate strong earnings growth. • FOS remains well placed to support ongoing government infrastructure spending and is increasingly recognised as a key provider of choice for our customers. The upside from decisions and investments to date continue to accrue, and FOS maintains a strong focus on accretive & strategic acquisitions alongside realising further value from recent acquisitions. FOS Capital | 1H26 Result Presentation 7 Key Acquisitions & Agreements Track record of strategic, accretive acquisitions FOS Capital | 1H26 Result Presentation 8 1H26 Income Statement A$m 1H26 1H25 Change Sales 12.4 14.0 -12% Gross profit 5.4 6.0 -9% Other income 0.0 0.1 -72% Expenses -5.0 -4.7 +6% EBITDA (Excl. ATS restructure) 0.5 1.4 -65% EBITDA margin (Excl. ATS restructure) 4.0% 10.1% -607bp EBITDA -0.3 1.4 nm PBT -0.8 1.0 nm NPAT -0.6 0.8 nm EPS (cps) -0.9 1.5 nm DPS (cps) 0.0 0.0 As previously disclosed, soft trading conditions in recent months have resulted in orders taking longer than usual to secure, impacting revenue. Expenses rose on the addition of businesses to the Group, with this to be offset going forward following the subsequent identification of $1m in annualised savings (with realisation from 3Q26). FOS Capital | 1H26 Result Presentation 9 1H26 Cash Flow Operating Cash Flow decline reflects soft trading conditions A$m 1H26 1H25 Change Receipts from customers 14.7 17.3 -15% Payments to suppliers & employees -14.1 -14.7 -4% Other -0.2 -0.2 +13% Operating Cash Flow 0.4 2.5 -84% Capex -0.0 -0.0 nm Sale of assets 0.5 0.0 nm Acquisitions -0.2 -1.0 -80% Investing Cash Flow 0.2 -1.0 nm Net proceeds from borrowings -0.4 -0.7 -46% Net equity issuance 0.0 0.0 nm Dividends paid -0.7 -0.5 +25% Payment of lease liabilities -0.7 -0.7 +0% Financing Cash Flow -1.3 -1.9 -31% Net change in cash -0.7 -0.4 +59% Closing Cash 1.7 1.2 FOS Capital | 1H26 Result Presentation 10 1H26 Balance Sheet A$m 31 Dec-25 30 Jun-25 Change Cash 1.7 2.5 -33% Receivables 2.8 3.9 -28% Plant & Equipment 1.1 1.2 -6% Other Assets 18.0 18.1 -0% Total Assets 23.7 25.7 -8% Payables 1.5 1.7 -9% Borrowings 3.5 3.9 -9% Other Liabilities 6.8 7.6 -10% Total Liabilities 10.5 11.6 -9% Net Assets 13.1 14.1 -7% FOS Capital | 1H26 Result Presentation 11 Outlook FOS is well positioned to execute on a growing opportunity set Orders on hand ($m) FOS is involved in multiple infrastructure projects. Orders on Hand and Active Quotes provide good visibility heading into 2H26. Active quotes ($m) 25 42 50 56 58 80 100 120 110 115 115 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 1.5 3.8 6.1 6.2 5.3 3.3 11.1 9.7 8.8 8.8 9.0 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 KLIK order book ~$5m atacquisition Appendices • FOS manufactures a range of commercial luminaires, outdoor fittings, and linear extruded lighting, and distributes a range of commercial and architectural lighting solutions. • The company remains founder-led and majority founder-owned, with its 90 staff based in Australia and New Zealand. • FOS owns 15 brands and 2 manufacturing facilities located in Brisbane and Sydney, and 96% of all sales are product lines that FOS has complete control over. • FOS operates in highly fragmented markets that are worth an estimated $500m, with adjacent markets worth more than $1bn. FOS Capital | 1H26 Result Presentation 13 FOS Capital – Introduction Founder-led manufacturer & distributor of commercial LED lighting FOS is committed to increasing market share from 5% to 15% in the medium-term through a combination of continued organic growth and strategic acquisitions, at an EBITDA margin exceeding 10% FOS Capital | 1H26 Result Presentation 14 FOS Capital – Background April 2019 – FOS Lighting Group (100% owned by FOS Capital) founded by FOS MD Con Scrinis and ED Michael Koutsakis to target lighting requirements in the commercial, retail, and industrial building industries 2019 to 2020 – Acquisitions of Frend Lighting and JSB Lighting June 2021 – ASX IPO ($0.25/share) raises $3m to fund investment in organic growth and acquisitions September 2021 – Acquisition of NZ-based lighting manufacturer & distributor Ecopoint, providing greater access to the New Zealand market October 2022 – Acquisition of Queensland-based linear lighting manufacturer Hawko Lighting Group, funded by $1.5m share placement (at 20cps) October 2023 – Acquisition of linear & handrail lighting manufacturer & distributor Klik Systems, which has sales offices & distributors in all Australian capitals and exports to Europe & the US May 2025 – Acquisition of Melbourne-based lighting design consultancy Glowing Structures to strengthen presence in lighting services industry and unlock specification sales potential June 2025 – Acquisition of Aldridge Traffic Systems alongside $3.7m equity raise, expanding FOS presence in the key road lighting industry History Key Management Michael Koutsakis Executive Director (Sales & Marketing) Over 30 years of experience in the lighting industry, including in key roles at Sun Lighting, Moonlighting, Zumbtobel, WEEF, and Stokes Ltd (now SKS Technologies Ltd; SKS-ASX) Con Scrinis Managing Director Over 40 years of experience in the lighting industry, including as MD of Moonlighting, Traffic Technologies (TTI-ASX), and Stokes (now SKS Technologies; SKS-ASX) Con Scrinis and Michael Koutsakis, along with fellow Director Michael Monsonego, are the shareholders of SKM Investment Group. SKMowns 46.6% of FOS shares outstanding and has maintainedits entire holding since listing over three years ago. FOS Capital | 1H26 Result Presentation 15 FOS Capital – Brands & Solutions FOS Capital | 1H26 Result Presentation 16 Project Examples FOS supports a range of major government & corporate projects Contact Con Scrinis, Managing Director con@foslighting.com.au