Fluence Corporation Limited (EMFGF) Q2 2026 Earnings Call Transcript

Fluence Corporation Limited ( EMFGF ) Q2 2026 Earnings Call July 30, 2026 7:30 PM EDT Company Participants Benjamin Fash - CEO, MD & Director Conference Call Participants Andrew Angus Presentation Andrew Angus Good morning and welcome to the Fluence Corporation Q2 2026 Results Briefing. My name is Andrew Angus, the Investor Relations for the company. Joining us today are Ben Fash, CEO and Managing Director; and Ozzie Llanes, CFO. Ben, over to you.

Benjamin Fash CEO, MD & Director Thank you, Andrew. Good morning, everyone, and welcome to the Fluence Q2 2026 Conference Call. Thank you all for attending and your continued interest in Fluence. You'll notice today a slightly different structure to the quarterly presentation this time around. This was based on feedback that we've received after prior quarterly presentations and the fact that we've been having a number of conversations with folks that are relatively new to the Fluence story. So we wanted our quarterly materials to provide a little more context and completeness for those that are still getting up to speed on the business. We also have included an appendix that has some additional details on the company, but we won't cover that today.

Before we walk through the Q2 numbers in detail, it's important to frame the financial results through the first half of 2026 as a reflection of the 3-plus year strategic transition that has been ongoing and that is now showing up in the results. 3 years ago, Fluence set out to become a diversified, profitable pure-play water treatment platform. That meant recapitalizing the business, restructuring operations and deliberately shifting our revenue mix away from large, lumpy, custom engineered projects toward higher-margin smart product solutions and recurring revenue services. What you'll see in the financial update is an illustration of -- that this transition