AGM - CEO's Address & Presentation - Guidance Reaffirmed

• Appen reaffirms FY26 revenue guidance of $270M to $300M
• Underlying EBITDA margin guidance set at 5% to 10%
• Strong performance in generative AI and China market
• Focus on data quality and AI-led operational efficiencies

Appen Limited (ASX: APX) provided a CEO address and presentation at its 2026 Annual General Meeting. The CEO highlighted Appen's critical role in the AI ecosystem by providing high-quality, human-generated data. The company's FY25 results showed revenue growth driven by generative AI, with a full-year revenue of $230.8 million. Appen China delivered exceptional performance, with a 75% year-on-year revenue increase to $102.9 million. The CEO outlined Appen's growth strategy for FY26, focusing on data quality, customer growth, new data segments, and operational efficiency. Appen reaffirmed its FY26 guidance of $270 million to $300 million in revenue and an underlying EBITDA margin before FX of approximately 5 to 10%.

FY26 revenue of $270M to $300M, underlying EBITDA margin before FX of 5-10%

Appen remains confident in the AI data market and its ability to contribute to leading foundation models, with positive signals from both Appen Global and Appen China.