• Achieved positive Net Current Asset position for the first time in over 8 years
• Delivered record H1 Underlying EBITDA of $2.0 million
• Launched AI-assisted Connectivity Platform and secured major partnerships

Flexiroam Limited (ASX:FRX) has delivered a second consecutive quarter of positive operating cash flow, contributing to a record Underlying EBITDA of $2.0 million for the first half of the financial year (H1 FY26). This represents a material improvement on the prior corresponding period (H1 FY25: -$1.0 million). The company has also achieved a positive Net Current Asset position of $0.3 million as at 31 December 2025, a turnaround of $1.7 million from the -$1.3 million deficiency reported on 30 June 2025. This milestone validates the financial discipline implemented throughout FY25 and establishes a robust foundation for sustainable growth. During the quarter, Flexiroam launched the world's first AI-powered eSIM agent, capitalising on the shift toward 'Agentic Commerce.' The company also secured major partnerships with Generali Insurance Malaysia and Dialog Group (DIV Services), providing strategic entry points into the global travel insurance and national-scale digital infrastructure markets.

The company has a cash balance of approximately $3.5 million as of 29 January 2026 and is focused on scaling up newly won partnerships and leveraging the AI-assisted Connectivity Platform to drive organic user acquisition and protect positive Underlying EBITDA margins.

Flexiroam is well-positioned to accelerate its growth strategy, with a focus on commercial execution, scaling AI adoption, and maintaining financial discipline to maximize cash generation.