NANO Nuclear Energy (NNE) investor relations material

Executive summary

• NRC accepted the KRONOS MMR Construction Permit Application, initiating formal review and aligning with a targeted construction start in the second half of 2027 and first deployment around 2030 at the University of Illinois.

• Acquisition of Secured Transportation Services (STS) advanced vertical integration, strengthened nuclear fuel logistics, and added a profitable revenue stream.

• Expanded commercial pipeline with feasibility studies for multi-gigawatt deployments and advanced discussions with data center and AI infrastructure partners.

• Ended Q3 2026 with $580 million in cash, cash equivalents, and short-term investments, supporting ongoing R&D, acquisitions, and commercialization efforts.

• Headcount grew to 85 as of June 30, 2026, with further expansion planned to support technical and operational needs.

Financial highlights

• STS contributed $3.9 million unaudited revenue in the first half of 2026, with $0.2 million post-acquisition; Q3 2026 revenue was $0.2 million, all from STS.

• Q3 net loss was $10.1 million; year-to-date net loss improved to $25.8 million from $32 million prior year, aided by higher interest income and lower equity-based compensation.

• Operating expenses for Q3 2026 were $15.9 million, reflecting scaling of engineering and regulatory activities.

• Net cash used in operating activities was $18.7 million YTD; investing activities used $297.6 million, mainly for short-term investments and acquisitions.

• Liquidity at quarter end was $580 million, up $11 million sequentially, reflecting $26 million raised via ATM facility.

Outlook and guidance

• NRC review milestones for KRONOS MMR at UIUC expected in 2027, with construction start in H2 2027 and first power around 2030.

• Commercial pipeline includes potential multi-gigawatt deployments for data centers and industrial customers, with framework agreements in advanced stages.

• Ongoing evaluation of non-dilutive funding, tax credits, and government support to reduce capital needs for initial deployments.

• Continued focus on strategic, capital-conscious acquisitions to enhance in-house capabilities and fuel cycle integration.

• Significant additional capital will be required for reactor construction and commercialization.