Since our last call, we've been focused on moving from strategy into execution around our UAE and broader GCC expansion efforts. While the current regional security environment has limited our ability to travel in person, it has not slowed our progress. In fact, we've continued to advance the foundational work needed to establish a presence in Ras Al Khaimah and support long-term growth in the region.

May 19, 2026 / receipt, needs a key / Jason Close, other | earnings call 2026-05-19 | transcript 95a63583-f402-4128-bd1e-2dd43a633c9a | chars 6709-7113 | segment 6

And our third lever that we mentioned is hardware and international partnerships. But for conversion at scale, those require a sales infrastructure that doesn't really exist strongly in the company today. Now, we've got early success there and early meetings and interest. But we really need a bit more sales infrastructure, which is what I'm going to be putting in place over the next three to four months. Now, EMEA, for the international partnerships, it's a market that I know really well from my previous years. And the operators there are actively looking for this kind of autonomy capability that we've got. But rather than make promises or basically, yeah, I'd rather under-promise and over-deliver on international than the reverse. So I'd caution against framing this as software versus hardware. The thesis is the services revenue is the development and testing area. Nauticus Toolkit software demonstrates real market interest in the software, and then that naturally pulls the hardware through behind it as people see the capability. Now, Aquanaut hardware sales are a longer sales cycle, but will generate high tens of millions once that engine is running well in sort of two to four years' time. But right now, the mix shift and my main responsibility is in moving us towards higher margin software and recurring revenue. That's kind of the direction of travel that I intend to sort of push on at the moment.

May 19, 2026 / receipt, needs a key / Brian, other | earnings call 2026-05-19 | transcript 95a63583-f402-4128-bd1e-2dd43a633c9a | chars 42678-44101 | segment 43

For the three and six months ended June 30, 2026, general and administrative costs decreased $1,093,822 or 25% and $2,228,601 or 25%, compared to the three and six months ended June 30, 2025, as 2025 included non-recurring expenses related to the SeaTrepid acquisition as well as cost saving initiatives implemented at the end of 2025 and beginning of 2026 coming to fruition.

filing / Aug 12, 2026 / receipt

Flexible Consulting, LLC - On December 1, 2023, the Board appointed Victoria Hay as the Interim Chief Financial Officer and principal financial officer of the Company.

filing / Aug 12, 2026 / receipt

On July 25, 2025, the Board appointed Jimena Begaries, also a Flexible Consulting LLC employee, as the Interim Chief Financial Officer succeeding Victoria Hay.

filing / Aug 12, 2026 / receipt

In July 2023, the Company entered into an operating lease for office space in Scotland. The lease had a term of 5 years with two options to extend.

filing / Aug 12, 2026 / receipt

Flexible Consulting, LLC - On December 1, 2023, the Board appointed Victoria Hay as the Interim Chief Financial Officer and principal financial officer of the Company.

filing / May 14, 2026 / receipt

On July 25, 2025, the Board appointed Jimena Begaries, also a Flexible Consulting LLC employee, as the Interim Chief Financial Officer succeeding Victoria Hay.

filing / May 14, 2026 / receipt

In August 2023, the Company entered into an operating lease for office space in Norway. The lease has a term of 5 years.

filing / May 14, 2026 / receipt

In July 2023, the Company entered into an operating lease for office space in Scotland. The lease had a term of 5 years with two options to extend.

filing / May 14, 2026 / receipt

expanding geographically

ir_statement / Sep 17, 2026 / receipt

Increasing sales activities across international and defense markets

ir_statement / Sep 17, 2026 / receipt

expanding geographically

ir_statement / Sep 17, 2026 / receipt

Increasing sales activities across international and defense markets

ir_statement / Sep 17, 2026 / receipt