• New platform improves scalability and is key enabler for future growth
• Recurring revenue continues to gain momentum, with Spacetalk Mobile driving growth in both subscribers and ARR
• International expansion progressed with eCommerce initiatives and selective retail presence planned

Spacetalk Ltd (ASX: SPA) reported a significant and transformative quarter, marked by the launch of its all-new platform and tech stack. The initial phase of the re-platforming is now largely complete, providing a scalable foundation for the company's software-led, hardware-enabled family safety ecosystem. Recurring revenue continues to gain momentum, with Spacetalk Mobile driving growth in both subscribers and ARR. Active subscribers for Spacetalk Mobile (MVNO) increased to 57.4k in 2QFY26, up from 45.6k in 2QFY25, representing a 26% year-on-year growth. ARR increased by 9% year-on-year to $12.0m in 2QFY26, with Spacetalk Mobile ARR growing by 20%. The company has developed a growing qualified pipeline of enterprise software opportunities and is progressing discussions with multiple global large telecommunications providers regarding partnerships to distribute Spacetalk's family safety platform. International expansion also progressed, with eCommerce initiatives and selective retail presence planned to build brand awareness and drive customer acquisition across Europe, the UK and New Zealand. Product innovation remains central to the company's strategy, with a roadmap that includes enhanced digital safety tools, iOS and Android Watch Apps, and Project Sibyl, a predictive analytics-based seniors' device and app features.

The company reconfirms its previously stated guidance of annual recurring revenue (ARR) of $20 - $25m in CY2026.

Expanding the mobile subscriber base through strategic telco partnerships and continued platform innovation will remain key priorities. Successful execution of one or more telco partnerships would represent a significant milestone in the company's transformation, enabling Spacetalk to embed its platform within telco ecosystems, accelerate subscriber growth, and materially expand its addressable market.