• Annual Recurring Revenue (ARR) improved by 12% quarter on quarter, reaching $11.0 million in 2Q25
• Paid Mobile Subscriber Growth: Spacetalk Mobile (MVNO) paid subscribers increased by 21% quarter on quarter, reaching 39.8k in 2Q25
• Strong growth in recurring revenue streams and scalable business model positions Spacetalk for capital-light international expansion

Spacetalk Limited (ASX: SPA) is pleased to announce strong growth in both Paid Mobile subscribers and Annual Recurring Revenue (ARR) during 2Q25. The company's ARR improved by 12% quarter on quarter, reaching $11.0 million in 2Q25 (up from $9.8 million in 1Q25). This sustained ARR growth underscores the strength and resilience of Spacetalk's business model and its ability to deliver consistent value to customers. The growth in the company's mobile subscriber base has been a significant driver, with Spacetalk Mobile (MVNO) paid subscribers increasing by 21% quarter on quarter, reaching 39.8k in 2Q25 (up from 33.0k in 1Q25). This growth in paid mobile subscriptions demonstrates the success of the Spacetalk Mobile offering and the scalability of the company's business model, driven by increasing demand for user-focused solutions. The increasing quality of Spacetalk's revenue not only enables the company to scale further but also positions it for a capital-light expansion into international markets. Spacetalk is actively exploring new markets and looks forward to updating the market on its progress in the foreseeable future.

Spacetalk's sustained ARR growth and strong performance in its mobile subscriber base provide a strong foundation for scaling the business, pursuing new opportunities, and reinforcing the company's market position. The company is actively exploring new markets and looks forward to updating the market on its progress in the foreseeable future.