VivoPower Reports Unaudited First Quarter Fiscal Year 2027 Results with Revenue of US$6.8 Million, Net Profit of US$0.6 Million and Positive Operating Cash Flow of US$2.1 Million

Reve ue of US$6.5 millio , o 95.5% ge e ated f om the data ce te i Mo i Ra a, No way

Net p ofit of US$0.6 millio , compa ed with a et loss of US$7.4 millio i Q1 FY2026

EBITDA of US$0.8 millio ve sus EBITDA loss of US$5.5 millio i Q1 FY2026

Positive ope ati g cash flow of US$2.1 millio

LONDON, UK, Nov. 04, 2026 (GLOBE NEWSWIRE) — VivoPowe PLC (Nasdaq: VIVO) (“VivoPowe ” o the “Compa y”), a leadi g B Co p-ce tified global develope a d ow e of powe ed la d a d data ce te i f ast uctu e today a ou ced its u audited fi a cial esults fo the fi st qua te of fiscal yea 2027, bei g the th ee mo ths e ded Septembe 30, 2026 (“Q1 FY2027”).

Q1 FY2027 Fi a cial Highlights

Reve ue fo the qua te was US$6.8 millio , compa ed with o eve ue i Q1 FY2026. The data ce te busi ess at Mo i Ra a, No way, accou ted fo US$6.5 millio , o 95.5% of total eve ue. The elect ic vehicles busi ess (Tembo) ep ese ted the bala ce with eve ues of US$0.3 millio as a esult of the fi st batch of vehicle fleet delive ies completed du i g the qua te .

G oss p ofit fo the qua te was US$2.5 millio , ep ese ti g a g oss ma gi of 37.4%. This was p ima ily co t ibuted f om the Mo i Ra a data ce te , with a combi atio of bitcoi mi i g hosti g eve ues as well as dema d espo se eve ues.

The Compa y eco ded a et p ofit of US$0.6 millio fo the qua te , compa ed with a et loss of US$7.4 millio i Q1 FY2026.

VivoPowe ge e ated positive EBITDA of US$0.8 millio du i g the qua te , compa ed with egative EBITDA of US$5.5 millio i Q1 FY2026.

Ge e al a d admi ist ative expe ses fo the qua te dec eased by 69% to US$1.7 millio , compa ed with US$5.5 millio i Q1 FY2026, otwithsta di g a sig ifica t scale-up i activities with the data ce te busi ess. This eflects the Compa y executi g o a AI- ative st ategy ac oss va ious suppo t fu ctio s, i o de to be able to scale p oductively.

Net cash ge e ated f om ope ati g activities was US$2.1 millio fo the qua te , compa ed with a et cash outflow of US$2.8 millio i Q1 FY2026.

Q1 FY2027 Co po ate a d Rece t Highlights

• Secu ed a US$50.0 millio PIPE co ve tible p efe e ce sha e fi a ci g of which US$17.5 millio has bee eceived i cash, US$16.5 millio was satisfied by the excha ge of AWN sha eholde loa p i cipal, with the bala ce subject to completio of customa y ba k KYC app ovals (July 2026).
• Appoi ted a G oup Fi a ce Di ecto with expe ie ce i eve y ma ket that the G oup Ope ates globally i o de to st e gth the Compa y’s fi a ce fu ctio (July 2026).
• Reti ed US$28.8 millio of AWN sha eholde loa p i cipal, of which US$12.3 millio was epaid i cash a d US$16.5 millio was excha ged fo co ve tible p efe e ce sha es. App oximately US$16 millio of outsta di g acc ued i te est is o -i te est bea i g, classified as a u secu ed t ade c edito a d is allocated to the bala ce sheet of Tembo (but at this stage still co solidated u de VivoPowe ).
• Boa d app oved the establishme t of a sepa ate Si gapo e-headqua te ed AI i f ast uctu e compa y to hold 2.2GW o -No dic po tfolio a d pipeli e, with a pla ed p e-IPO fu di g ou d a d i depe de t listi g, while etai i g de facto co t ol (August 2026).
• Decided (post qua te e d) ot to pu sue a lease with the te a t a ou ced as p efe ed o Ju e 29, 2026, give bette offe s p ese ted i a isi g e t ma ket fo No dic powe ed la d. The G oup is wo ki g to fi alize defi itive te ms with a othe p ospective AI te a t fo Mo i Ra a a d is co cu e tly p og essi g p oject-level fi a ci g discussio s. (Octobe 2026).

Summa y I come Stateme t: Th ee mo ths e ded Septembe 30, 2026

Figu es may ot sum due to ou di g. .m. = ot mea i gful.

Reve ue by Busi ess U it: th ee mo ths e ded Septembe 30, 2026

Figu es may ot sum due to ou di g. .m. = ot mea i gful.

Basis of P epa atio

The fi a cial i fo matio i this p ess elease is u audited a d has bee de ived f om the Compa y’s ma ageme t accou ts fo the th ee mo ths e ded Septembe 30, 2026, a d the compa ative th ee mo ths e ded Septembe 30, 2025. It has ot bee eviewed o audited by the Compa y’s i depe de t audito s a d may be subject to cha ge.

No -IFRS Fi a cial Measu es

This p ess elease i cludes EBITDA, which is ot a measu e defi ed u de I te atio al Fi a cial Repo ti g Sta da ds (“IFRS”). VivoPowe defi es EBITDA as p ofit/loss fo the pe iod befo e et i te est expe se, i come tax, dep eciatio a d amo tizatio . Ma ageme t believes this measu e helps i vesto s compa e ope ati g pe fo ma ce befo e the effects of fi a ci g, taxatio a d dep eciatio a d amo tizatio . EBITDA is ot a measu e of cash flow o liquidity. EBITDA should ot be co side ed i isolatio o as a substitute fo measu es p epa ed u de IFRS a d may ot be compa able to simila ly titled measu es used by othe compa ies. A eco ciliatio of EBITDA to p ofit/loss fo the pe iod, the most di ectly compa able IFRS measu e, is set out below.

Reco ciliatio of P ofit/Loss fo the pe iod to EBITDA: th ee mo ths e ded Septembe 30, 2026

Figu es may ot sum due to ou di g.

About VivoPowe

O igi ally fou ded i 2014 a d listed o Nasdaq si ce 2016, VivoPowe is a awa d-wi i g B Co po atio with data ce te a d powe ed la d i f ast uctu e ac oss the No dics a d the GCC egio s. The Compa y’s missio is to be the i depe de t, t usted pa t e fo sove eig atio s that develop a d ope ate sustai able data ce te i f ast uctu e, e su i g sove eig co t ol ove powe , data, a d atio al i tellige ce. I doi g so, VivoPowe helps sove eig atio s b idge the gap betwee thei e e gy assets a d thei AI ambitio s by p ovidi g the Powe -to-X i f ast uctu e ecessa y to build a d co t ol thei ow domestic i tellige ce hubs.

Fo wa d-Looki g Stateme ts

This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the U.S. P ivate Secu ities Litigatio Refo m Act of 1995. The Compa y i te ds to ely o the p otectio s of Sectio 27A of the Secu ities Act of 1933 a d Sectio 21E of the Secu ities Excha ge Act of 1934 o ly to the exte t legally available. Histo ical a d cu e t factual stateme ts a e ot fo wa d-looki g me ely because the fi a cial i fo matio is u audited o may be evised. Fo wa d-looki g stateme ts i clude all stateme ts that a e ot histo ical facts, i cludi g stateme ts about VivoPowe ’s st ategy a d how it will ca y it out, the expected g owth a d co t ibutio of its data ce te busi ess at Mo i Ra a, No way, i cludi g its pla ed co ve sio to AI data ce te capacity, its futu e eve ue, ma gi s, EBITDA a d cash flows. Wo ds such as “a ticipate”, “believe”, “co ti ue”, “could”, “estimate”, “expect”, “i te d”, “may”, “pla ”, “pote tial”, “should”, “will”, “would” a d simila exp essio s a e i te ded to ide tify fo wa d-looki g stateme ts, but the abse ce of these wo ds does ot mea that a stateme t is ot fo wa d-looki g.

These stateme ts a e based o ma ageme t’s cu e t expectatio s a d assumptio s. They i volve isks a d u ce tai ties, ma y of which a e outside the Compa y’s co t ol, that could cause actual esults to diffe mate ially f om those exp essed o implied. These isks i clude, amo g othe s:

• cha ges to the u audited fi a cial i fo matio o ce the Compa y’s eview a d audit p ocesses a e complete;
• the Compa y’s ability to g ow eve ue f om its data ce te busi ess, secu e a d keep te a ts, a d ma age powe costs;
• the Compa y’s ability to keep ope ati g cash flow positive, meet its wo ki g capital eeds (i cludi g payme ts to supplie s), a d get fi a ci g o acceptable te ms;
• cha ges i ma ket, eco omic a d egulato y co ditio s; a d
• the othe isks desc ibed i the Compa y’s fili gs with the U.S. Secu ities a d Excha ge Commissio , i cludi g its most ece t A ual Repo t o Fo m 20-F.

Fo wa d-looki g stateme ts speak o ly as of the date of this p ess elease. The Compa y u de takes o obligatio to update them, whethe as a esult of ew i fo matio , futu e eve ts o othe wise, except as equi ed by applicable law.

Co tactMedia I qui iesmedia@vivopowe .com