• 18% growth in active mobile subscribers to 57.9k
• 11% increase in Spacetalk Mobile ARR to $8.3m
• $6m capital raise to support platform development and Telco partnerships

Spacetalk Ltd (ASX: SPA) reported its Appendix 4C and operational update for the quarter ended 31 March 2026. The quarter marked a deliberate reset for the company, with management prioritizing platform stability, customer experience and operational discipline following the recent platform launch. The company entered into a Memorandum of Understanding (MOU) with TPG Telecom Limited (ASX:TPG) to collaborate on the rollout of the company's family safety platform to Vodafone Australia's postpaid customer base. This partnership is expected to deliver future software subscriber growth through improved distribution, new customer acquisition and engagement. Spacetalk also successfully undertook a $6m capital raise via a two-tranche placement, strengthening its balance sheet and providing funding to support ongoing platform development, customer growth initiatives and working capital requirements. During the quarter, the company significantly increased its investment in the app and platform, with development spend rising by 186% to $1.0m. Revenue declined by 29% year-on-year to $3.6m, primarily due to lower device revenue. However, active subscribers for Spacetalk Mobile Virtual Network Operator (MVNO) increased by 18% year-on-year to 57.9k, and Spacetalk Mobile ARR grew by 11% to $8.3m. The company continues to build a growing pipeline of Telco partnership opportunities across APAC, Europe and North America, positioning the business to scale through capital-efficient distribution channels.

The company reaffirmed its CY2026 ARR guidance of $20-$25m.

Spacetalk remains focused on its long-term strategy, with its software-led platform and Telco partnership model, together with a growing pipeline of Telco opportunities, supporting scalable growth.