Appendix 4E - Preliminary Final Report

• 52.3% increase in revenue to $78.4 million
• Significant growth in high-margin Smart Product Solutions and Recurring Revenue
• EBITDA of $4.0 million, a dramatic $8.0 million improvement over FY2024

Fluence Corporation Limited reported its Appendix 4E Preliminary Final Report for the year ended 31 December 2025. The company continued to execute its strategy of growing its high-margin Smart Product Solutions (SPS) and Recurring Revenue (RR) products and services, which contributed to a 52.3% increase in revenue to $78.4 million. The combination of double-digit growth in SPS and RR, as well as progress on the Ivory Coast Addendum project, were the key drivers of the revenue increase. Continued expansion of gross margins and strong cost controls resulted in Fluence delivering strong FY 2025 EBITDA of $4.0 million, a dramatic $8.0 million improvement compared to the prior year. New orders in FY 2025 were $64.2 million, an increase of 28.5% compared to FY 2024, with MWW North America and IWB leading the way. The company's backlog closed FY 2025 at $74.8 million. Cash and cash equivalents at 31 December 2025 amounted to $16.6 million, with additional short-term and long-term deposits of $4.1 million. Borrowings at the end of the year were $18.0 million.