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INVESTOR PRESENTATION For the Quarter Ended September 30, 2025 Nasdaq: AENTWE BUILD YOUR COLLECTION PRESENTED NOVEMBER 12, 2025
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LEGAL DISCLAIMER This presentation (together with oral statements made in connection herewith, this “Presentation”) is for informational purposes only. This Presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful. No representations or warranties, express or implied are given in, or in respect of, this Presentation. Although all information and opinions expressed in this Presentation, including industry and market data obtained from third-party industry publications and sources as well as from research reports prepared for other purposes, were obtained from sources believed to be reliable and are included in good faith, Alliance Entertainment Holding Corporation (“Alliance”) has not independently verified the information obtained from these sources and cannot assure you of the information’s accuracy or completeness. This information is subject to change. Some data are also based on the good faith estimates of Alliance, which are derived from their respective views of internal sources as well as the independent sources described above. Nothing herein should be construed as legal, financial, tax or other advice. You should consult your own advisers concerning any legal, financial, tax or other considerations concerning the opportunity described herein. The general explanations included in this Presentation cannot address, and are not intended to address, your specific investment objectives, financial situations or financial needs. Nothing contained herein shall be deemed a recommendation to any party to February any transaction or take any course of action. Forward Looking Statements Certain statements included in this Presentation that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “project,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether identified in this Presentation, and on the current expectations of Alliance’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Alliance. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the rollout of Alliance’s business and the timing of expected business milestones; the effects of competition on Alliance’s future business; risks and failure by Alliance to meet the covenant requirements of its revolving credit facility, our ability to issue equity or equity-linked securities or obtain debt financing in the future, and the potential negative effect on the price and liquidity of Alliance’s securities and those factors discussed in Alliance’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 under the heading “Risk Factors”. Additional risks related to Alliance’s business in particular include, but are not limited to competition, the ability of Alliance to grow and manage growth profitably, the ability of Alliance to maintain relationships with customers and suppliers and retain key employees; changes in the applicable laws or regulations; the possibility that Alliance may be adversely affected by other economic, business in Alliance’s internal control over financial reporting, and/or competitive factors. There may be additional risks and uncertainties that Alliance does not presently know or currently believes are immaterial that could cause actual results to differ from those contained in the forward-looking statements. Such risk factors also include, among others, future growth expectations and acquisitions; specific economic conditions in the United States; changes in laws and regulations; potential liability from future litigation; the diversion of management time on acquisitions and integration related issues; modifications or adjustments to Alliance’s financial statements as a result of applicable securities laws; and general economic conditions. Most of these factors are outside Alliance’s control and are difficult to predict. Non-GAAP Financial Measures In addition to financial measures prepared in accordance with United States generally accepted accounting principles (“GAAP”). some of the financial information and data contained in this Presentation, such as Adjusted EBITDA, EBITDA-CapEx and EV/EBITDA, has not been prepared in accordance with GAAP. Alliance believes these non-GAAP measures of financial results provide useful informant to management and investors regarding certain financial and business trends relating to Alliance’s financial condition and results of operations. Alliance’s management uses these non-GAAP measures for trend analyses, for purposes of determining management incentive compensation, and for budgeting and planning purposes. Alliance believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating operating results and trends in and in comparing Alliance’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in Alliance’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Accordingly, our Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including companies in our industry, because other companies may calculate Adjusted EBITDA in a different manner than we calculate this measure. In order to compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. In evaluating Adjusted EBITDA and EBITDA, you should be aware that in the future we may or may not incur expenses similar to some of the adjustments we have reported. Our presentation of Adjusted EBITDA and EBITDA does not imply that our future results will be unaffected by these adjustments or any unusual or non-recurring items. You should review Alliance’s audited financial statements, which have been included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2025,and unaudited financial statements which have been included in the Quarterly Report on Form 10-Q for the three months ended September 30, 2025. Trademarks This Presentation contains trademarks, service marks, trade names, and copyrights of Alliance, and other companies, which are the property of their respective owners. The use or display of third parties’ trademarks, service marks, trade name or products in this Presentation is not intended to, and does not imply, a relationship with Alliance, or an endorsement of sponsorship by or of Alliance. Solely for convenience, the trademarks, service marks and trade names referred to in this Presentation may appear with the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that Alliance will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names. The information contained herein is as of September 30, 2025, and does not reflect any subsequent events. 2
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3 FY26 Q1 Highlights: Building Momentum for a Strong Year Record-Breaking Start to FY26: EBITDA soared from $3.4M to $12.2M in Q1, marking a 259% year-over-year increase. Handmade by Robots Accelerates Growth: New collectible launches continue to drive momentum and expand fan engagement. Exclusive Partnership: AHE has signed an exclusive multi-year Home Video and Digital Rights License Agreement with The Horror Section Inc AI-Powered Sales Transformation: HubSpot implementation streamlines workflows and unlocks personalized revenue growth. Exclusive Content Portfolio Expands: AMPED signs Virgin Music Group, adding premium catalog depth.
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Suppliers Alliance Entertainment distributes and markets products worldwide for the industry’s premier content providers and manufacturers 4
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Major Customers Alliance Entertainment provides unparalleled distribution services to our B2B customers, including major chains and independent retailers 5
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Alliance Entertainment, We Build Your Collection! 6 Alliance Entertainment is the leading distributor of collectible entertainment products, driving over $1 billion in annual revenue across diverse categories—including Vinyl Records, Gaming, DVDs/Blu-rays, CDs, Collectibles, Electronics, and Handmade by Robots character collectibles. Alliance connects collectors and physical media fans to the music, movies, games, and memorabilia they love—serving 175 online retailers and over 35,000 retail locations through our trusted omni-channel network known for quality, reliability, and standout service. $- $50 $100 $150 $200 $250 $300 $350 $400 12 months Ended June 30, 2025 12 months Ended June 30, 2024 Vinyl DVD/Blu-Ray/UltraHD Gaming CD Collectibles Electronics Ancillary Revenue Vinyl 341$ 31% 332$ 30% DVD/Blu-ray/UltraHD 306 28% 211 19% Gaming 240 22% 343 31% CD 123 11% 131 12% Collectibles 23 2% 24 2% Electronics 14 1% 16 1% Ancillary Revenue 41 4% 46 4% Total 1,088$ 100% 1,103$ 100% $ Millions 12 Months Ended 12 Months Ended September 30, 2025 September 30, 2024
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2.2% 3.4% 4.2% Revenue $ in millions Fiscal Year Ended 6/30 and TTM 9/30 Adjusted EBITDA $ in millions Fiscal Year Ended 6/30 and 9/30 ADJUSTED EBITDA MARGIN FY 24 FY 25 Q1 FY 26 Debt $79.6 $65.3 $66.0 Inventory $97.4 $102.9 $121.7 Balance Sheet $ in millions Fiscal Year Ended 6/30 and 9/30 EARNINGS PER SHARE $.09 $0.30 $0.38 7 Nasdaq: AENT IPO: 2023 | Founded: 1990 Market Cap $307M 52-week Range $2.21-11.57 Avg Volume (90-day) 61K Shares Outstanding 50.96M Float 3.1M Employee Owners 724 1) November 10, 2025 $24.3 $36.5 $45.3 FY 24 FY 25 TTM $1,100 $1,063 $1,088 FY 24 FY 25 TTM Closing Price $6.751
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8 Financial Highlights FY26 Q1 $229 $254 Revenue in millions Q1 FY 2025 Q1 FY 2026 $203 $217 Cost of Revenue in millions 11.2% 14.6% Gross Margin percent $0.01 $0.10 Earnings Per Share $0.4 $4.9 Net Income in millions $3.4 $12.2 Adjusted EBITDA in millions Q1 FY 2025 Q1 FY 2026 Q1 FY 2025 Q1 FY 2026 Q1 FY 2025 Q1 FY 2026 Q1 FY 2025 Q1 FY 2026 Q1 FY 2025 Q1 FY 2026
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The Engine of the Collectibles Value Chain Alliance Entertainment is the engine that powers the collectibles ecosystem—curating, connecting, and delivering joy to collectors at every stage Collector Experience Products reach fans, fueling identity, nostalgia, and connection. Omni-Channel Delivery Alliance powers sales through physical stores, online retailers, and owned retail direct-to- consumer platforms. Centralized Distribution & Logistics Advanced warehousing, automation, and fulfillment ensure efficient delivery. Exclusive Product Development Leveraging Handmade by Robots, Alliance Authentic, and strategic partnerships in the music and movie categories, Alliance creates and licenses exclusive products specifically for collectors. Brand & Product Sourcing Alliance partners with leading brands, studios, labels and manufacturers to source the most sought-after collectibles across music, movies, games, and figures. 9 Alliance Entertainment Core Alliance’s Strategic Role Curator & Connector: Alliance selects, develops, and distributes the best collectible products, acting as the central hub between brands and collectors. Business Units: AMPED Entertainment(music), Alliance Home Entertainment (film/TV), Handmade by Robots, Exclusive Products. Strategic Partnerships: Licensing partnerships and Category Advisor to a major retailer.
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Scalable Operations: Powering Growth & Efficiency 10 50M+ UNITS ANNUALLY State-of-the-art automation (e.g., AutoStore, Sure Sort X) increases efficiency, accuracy, and scalability in an 873,642 sq. ft facility located in Louisville, Kentucky 261K PEAK SCALABILITY Capacity to scale to 261,000 daily units during peak demand 76 COUNTRIES 76 countries shipped to in fiscal year 2025 Cost Efficiency: Significant operational cost savings and flexible labor model. Product Integrity: Optimized storage and reduced manual touches preserve product condition. Sustainability: Energy-efficient systems and reduced waste. 340K+ UNIQUE SKUS Deep Inventory: 340,000+ SKUs at your fingertips
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Alliance Entertainment proudly supports 3,500 Independent Retailers with a strong portfolio of products catered to enthusiasts across a variety of product categories 11 Our diverse selection—including vinyl records, CDs, movies, video games, and collectibles—helps independent retailers attract loyal customers and enrich their local communities. We are committed to helping these stores thrive by providing access to high- quality, in-demand entertainment products across every category. • Vinyl Records • Movie & Film (Including DVD, Blu-ray, 4K and Special Edition SteelBook ® ) • Collectibles PROUD SUPPORTER OF RECORD STORE DAY Alliance Entertainment is the preferred supplier to over 1,500 participating Record Store Day locations providing exclusive content to our valued customers Empowering Independent Retailers
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Omni-Channel Distribution: Powering DTC & B2B Growth 12 Alliance Entertainment delivers a seamless omni- channel experience, serving approximately 175 online retailers and more than 35,000 physical stores. Our extensive inventory selection allows DTC customers to access a wide range of entertainment products and collectibles through our drop shipping service— eliminating the need for them to invest in inventory. On the B2B side, we empower retailers with high- quality, in-demand products, robust fulfillment, and flexible integration options. DTC is a major growth driver, contributing 37% of our net revenue. As a trusted brand, Alliance is known for quality, reliability, and exceptional customer service— connecting fans and retailers with the entertainment they love.
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13 Alliance Entertainment Retail Group (AERG) ccmusic.com importcds.com popmarket.commoviesunlimited.com deepdiscount.com ccvideo.com • Alliance Entertainment Retail Group is the direct retail arm of AENT, selling via wholly-owned websites and catalogs, as well as dozens of third-party marketplaces around the world. • AERG’s retail reach ensures that AENT’s extensive product selection is available to customers wherever they shop. • The Retail Group also handles direct-to-consumer sales, marketing and social media management for Alliance’s proprietary brands, HandmadeByRobots and Alliance Authentic. • AERG often acts as the first mover into new marketplaces and with new product lines, giving AENT to ability to monetize new opportunities quickly and efficiently. wowhd.co.uk
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Category Advisor for Walmart Video Alliance Entertainment has been appointed as the Category Advisor for Walmart’s video category, a strategic role that positions us as a trusted insights partner in the evolving physical media space at retail. In this role, we deliver data-driven analyses, consumer insights, and operational support that Walmart incorporates into its category planning and execution. Our focus is on enabling Walmart to make informed decisions that optimize shelf space, align with shopper demand, and support an enhanced customer experience Why This Is Valuable • Strategic Insights: We provide Walmart with category-level analysis to inform decisions around assortment, facings, and promotional planning. • Data-Driven Support: Our forecasting and analytics highlight consumer trends and demand signals to help Walmart align inventory with shopper expectations. • Retail Execution: We contribute to planogram design inputs and operational insights that support Walmart’s in-store and online execution. • Industry Acknowledgment: This designation reflects Alliance Entertainment’s expertise in physical media and reinforces our position as a leading distribution partner to retailers and studios alike. 14 Note: The Category Advisor team is strictly firewalled from Alliance Entertainment’s commercial operations. No data, strategy, or insight is shared between the two groups— this separation is deliberate, enforced, and non-negotiable.
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15 Exclusive Distribution & Licensing Our expanding portfolio of exclusive distribution and licensing agreements drives annual sales exceeding $365 million With over 110 labels, AMPED delivers CD’s and vinyl with cutting- edge distribution services Features a wide range of limited-edition licensed figures from film, TV, and holiday- related themes Leading distributor of physical and digital entertainment, representing 48 labels across film and television Collectibles, figures and prop replicas from huge licensed brands like Star Trek, Marvel, Dr. Who and so many more. Weta Workshop designs and produces collectible items, including prop replicas, apparel, and jewelry.
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16 EXCLUSIVE LICENSED DISTRIBUTOR Alliance Home Entertainment exclusively started handling Paramount Pictures’ Blu-ray, 4K, and DVD content for creation, manufacturing, marketing, and sales to retailers like Walmart and Amazon Trusted by Studios, Loved by Collectors Alliance Home Entertainment is North America’s premier distributor of film and TV content, trusted by 48 leading studios. We offer full-service solutions across theatrical, physical, digital, and broadcast platforms including release strategy, creative, marketing, and metadata management. With exclusive Amazon Vendor Services (AVS) access and top-tier retail placement, we drive strong sell-through. Our collector focused e-commerce platforms deliver exclusive editions, while our major licensing partnerships bring iconic and cult titles to market with precision. Alliance is the trusted source for content distribution and fan-focused licensing. alliancehomeentertainment.com
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17 • Exclusive distribution for 110 label partners such as Better Noise, Empire, Epitaph, Firebird, FUGA, Hopeless, Integral/PIAS, Mexican Summer, Naxos, Secretly Distribution, Sub Pop, Vydia/Gamma sells to more brick and click retailers than any other music distributor: • Non-traditional retailers such as Cracker Barrel, Hot Topic, Meijer, Tractor Supply, Urban Outfitters, Vans, gift shops, public libraries • Mass Merchants and Chains: Barnes & Noble, Best Buy, Target, and Wal -Mart • We sell on all marketplaces across the globe via Alliance Entertainment Retail Group: TikTok, Discogs, eBay, Temu, Shein, and many more • Detailed and customizable B2B detailing sales and inventory management in real time with a huge variety of class of trade and genre reporting options ampeddistribution.com Clipse C418 – Minecraft : Volume Alpha Shaboozey Zach Top Billboard – Luminate Chart Activity (week of October 20, 2025) • 4 Albums in Billboard Top 200 • 17 of the Top 30 Alternative New Artist Albums • 7 of the Top 30 Americana/Folk Albums • 3 of the Top 10 / 5 of the Top 20 / 14 of the Top 40 Current Alternative Albums • 3 of the Top 15 Current Classical Albums • #1 Album, 4 of the Top 10 Current Contemporary Jazz Albums • 4 of the Top 25 Country Albums • 20 of the Top 100 Hard Music Albums • 3 of the Top 10 Current R&B Albums • 22 of the Top 100 Current Rap Hip Hop/R&B Albums • 4 of the Top 10 Current Reggae Albums Exclusive Music Distribution
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18 Preposterously Adorable Vinyl Figures Handmade by Robots creates collectible vinyl figures that mimic the look of knit plush collectibles. Inspired by popular movies, TV shows, and holidays, each figure features sculpted “knit-like” details and unique touches like glow-in- the-dark elements. Licensed from fan-favorite franchises such as DC Comics, Marvel, Sanrio and Sega, these durable designs appeal to collectors and casual fans alike. COMING SOON! handmadebyrobots.com !"#$% & ' ( (
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z 19 By Fans, for Fans From Middle-earth to the 41st Millennium, our team of passionate artists brings beloved fictional worlds to life through handcrafted collectibles. Inspired by the stories we love; we create figures that celebrate the worlds fans hold dear. Whether it’s statues, miniatures, or prop replicas, every collectible reflects Wētā Workshop’s signature craftsmanship. Prototyped in-house and produced with trusted partners, our figures are made by fans, for fans—available worldwide. wetanz.com masterreplicas.com Celebrating the Worlds Fans Love A premier collectibles company specializing in high-quality, officially licensed replicas from some of the most iconic film and television franchises. Known for its screen-accurate recreations, the brand has built a strong reputation through its detailed prop weapons, helmets, and scaled models from universes like Star Trek, Marvel, Lord of the Rings, and more. Each piece is crafted with precision and authenticity, often released as limited editions with certificates of authenticity—making them highly sought-after by collectors and fans.
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20 Strategic M&A Strengthening Our Leadership in Collectibles & Entertainment. Opportunities: • Other Large Movie Studios in discussions to sell/license and outsource their Home Entertainment Divisions of physical media rights • Licensing and manufacturers of entertainment products • Acquisition opportunities of family-owned competitors exiting the business • Strategic entertainment distributors and wholesalers • ECommerce retailers of entertainment products • Acquisitions of specialty fan communities and services 15 Successful Acquisitions Expanding Our Collectibles & Media Portfolio Future Targets Collectibles Brands Exclusive Licensing, & Enhanced E-Commerce Fulfillment Ongoing Focus Expanding Licensing Agreements & Proprietary Collectible Products Strengthening Our Pop Culture Collectibles Offering
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21 Leadership As Chairman, Bruce uses his strategic vision and technical expertise to drive innovation and accelerate efficiency and growth. Bruce Ogilvie founded Abbey Road Distributors, growing it to over $94 million in sales. He led a major retail chain through a turnaround, resulting in its acquisition by a private equity firm. Partnering with Jeff Walker, the duo grew Super D leading to the acquisition of Alliance Entertainment. Bruce Ogilvie Executive Chairman Senior Management 77.6% Insider Ownership Jeff’s entrepreneurial spirit and financial acumen drives innovation, growth, and execution by focusing on transformative strategies and future opportunities. Jeff Walker co-founded the CD Listening Bar in 1990, which evolved into Super D, a leading music wholesaler. Partnering with Bruce Ogilvie in 2001, they expanded Super D’s footprint, leading to the acquisition of Alliance Entertainment 2013. Jeff Walker CEO, Director Joining Alliance Entertainment in 2018, Amanda Gnecco brings over 15 years of finance and accounting experience in both private and public sectors. Her expertise includes navigating complex financials and driving major initiatives like acquisitions and the recent de-SPAC. In her new role, she will lead the Accounting and Finance team, overseeing SEC reporting, regulatory compliance, corporate governance, risk management, cost management, and ESG reporting. Amanda Gnecco, CPA Chief Financial Officer Warwick Goldby joined Alliance in 2016 as a Project Manager with over 20 years of experience in operations, inventory management, analytic problem solving and performance analysis. His critical role in the Company’s recent automation initiatives, including AutoStore storage and retrieval technology and Sure Sort® X, a cost-saving sortation technology system have positioned him to lead the Company’s overall operations and continue to steer innovation. Warwick Goldby Chief Operating Officer Robert Black joined Alliance Entertainment in 2019, bringing over 25 years of experience in financial planning, profitability improvement, and operational leadership. As Chief Compliance Officer and Corporate Secretary, he develops enterprise policies, oversees financial controls, and drives AI adoption and innovation to drive revenue, enhance efficiency, and transparency across the organization. Robert Black Chief Compliance Officer a
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22 Sales Leadership Champions innovation and operational excellence, spearheading strategic partnerships with deep expertise in the entertainment retail landscape. Ken Glaser Senior Vice President of Sales Directs sales, licensing, brand marketing, retail operations, and strategic partnerships for the company’s filmed entertainment division, delivering growth across multiple platforms. Robert Oram Executive Vice President of Alliance Home Entertainment Oversees all Alliance owned retail sites and catalogs as well as all third-party marketplaces, social selling and niche marketplaces. Tim Hinsley Senior Vice President of Retail Sales Leads brand marketing, creative strategy, and product development for a diverse portfolio of film and television releases, ensuring cohesive brand storytelling and market impact. Julianne Gorman Senior Vice President of Marketing, Alliance Home Entertainment Oversees sales operations for Graphic Novels, Games, and Collectibles driving category growth through targeted channel strategies and strategic partner collaboration. Mike Schimmel Senior Vice President of Sales
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23 Sales Leadership At the helm of AMPED, Dean has amassed extensive executive level music industry experience in management, sales, marketing and distribution operations. Dean Tabaac Senior Vice President of Sales of AMPED Leads strategic initiatives and oversees both physical and digital sales, while expanding relationships with label and studio partners to enhance business performance. Kevin Quigley Senior Vice President of Sales, Alliance Home Entertainment Oversees national sales strategy and execution across key retail accounts with a deep expertise in retail growth, category management, and P&L ownership. Meagan Roberts Senior Vice President of Sales Alliance Home Entertainment Drives the execution and performance of physical music sales within Vendor Managed Inventory (VMI) programs, ensuring optimal stock levels and sales alignment. Marc Bartlett Senior Vice President of Walmart Music Gustavo brings 40 years of leadership at Alliance, driving its expansion into 70+ international markets. His expertise in global distribution and market strategy has built lasting industry partnerships and remains central to Alliance’s worldwide success. Gustavo Bello Senior Vice President, International Sales a Alex has spent his career in the music industry, driving Alliance’s international growth and founding its imports division with partnerships in 28 countries. His expertise in global distribution and catalog management continues to support AMPED Distribution’s worldwide success. Alex Jimenez Senior Vice President, Import Services
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a 24 Operations Leadership aDrives the development and strategic direction for the Collectibles and Electronics category, leveraging market insights to maximize growth and consumer engagement. Tony Moyers Senior Vice President of Collectibles Manages relationships with music distribution and studio partners, advocating for retail needs and ensuring timely, secure, and efficient delivery of physical media products. Laura Provenzano Senior Vice President of Purchasing & Marketing Alia Hussain Baksh Senior Vice President of Finance/Controller With a deep expertise in financial operations, she has been instrumental in driving financial discipline, supporting growth initiatives, and mentoring future finance leaders. As General Counsel, Timpano’s focus is providing strategic legal advice in support of Alliance’s business initiatives to drive responsible innovation, protect its assets, and to foster a culture of compliance. Tony Timpano General Counsel, Vice President of Business & Legal Affairs Heads content acquisitions and original productions while cultivating strategic industry partnerships to expand the company’s portfolio and market share. Jeff Hayne Senior Vice President of Licensing and Productions Alliance Home Entertainment
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a 25 Operations Leadership Ian began his career with a pioneering e-commerce startup before joining Super D in 2006 and Alliance in 2013. He now leads transformative IT initiatives that scale infrastructure and capabilities, recognized for his innovative and collaborative leadership. Ian Ching Senior Vice President, Information Technology Serves as the head of Human Resources and oversees all aspects of human capital management, including talent acquisition, leadership development, employee engagement and organizational effectiveness. Terri Borders Senior Vice President of Human Resources With 30+ years of IT experience, Sandy has strengthened Alliance’s technology operations as VP of IT. She has led cybersecurity initiatives, ensured compliance with public standards, and driven system modernization to improve efficiency and support the company’s growth. Sandy Marsans Senior Vice President, Information Technology
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Sheila Bangalore is a seasoned board director and strategic advisor with 20+ years in legal, financial, and governance roles. Sheila advises high-growth companies on M&A, fundraising, compliance, and governance. Bangalore is a Venture Partner at SpringTide Ventures and serves as an independent director for StoneAge Holdings. Her prior roles include Chief Strategy Officer and General Counsel at MP Materials Corp. (NYSE: MP), and senior positions at Aristocrat Technologies, Zappos, and Bally Technologies. She holds a BA from Tufts, JD from Washington University, and MBA from Wharton. Sheila Bangalore Director 26 Board Leadership Independent Members Tom Donaldson is the Founder and Managing Partner of Charlotte-based investment firm Blystone & Donaldson, focused on middle-market companies. He served as a director of Adara Acquisition Corp. from its 2020 inception through its 2023 combination. Previously, Donaldson was an executive at Investors Management Corporation (IMC), focusing on investments, risk management, and company relationships. Before IMC, he was a Partner at Morehead Capital Management (merged into IMC in 2016) and practiced law at McGuireWoods LLP, representing private funds and companies. He holds an MBA and JD from Villanova University and a Political Science degree from North Carolina State University. Tom Donaldson Director, Chair of Compensation Committee During his time as Vice President, DMM for Walmart, Inc. in Bentonville, AR, Chris provided strategic direction that drove market share growth and supported the company's overall strategy. He established key performance indicators to enhance team efficiency and sales strategies, while leading cross-functional teams in strategic executive-level planning. Prior to Walmart, Chris served as Divisional Merchandise Manager for American Eagle Outfitters, Inc. in Pittsburgh, PA, from June 1997 to February 2005. Chris Nagelson Director, Chair of Nominating and Corporate Governance Committee Teri is a senior global finance executive, board director, and advisor with over 30 years of experience at Fortune 500 companies and a Big Four firm. She led global tax policy and strategy for Gilead Sciences and currently serves as a board director, secretary, and treasurer for The Gilead Foundation, as well as audit committee chair for the Arc Research Institute. Teri previously managed rapid global growth as Senior Vice President of Tax for Allergan, where she also served as CFO of the Allergan Foundation and as a board director for multiple international subsidiaries. Teri Wielenga Director, Chair of Audit Committee Dmitry Kozko brings over 20 years of executive and entrepreneurial leadership in technology, media, and consumer sectors. He is currently CEO of MyEV LLC, an AI-driven electric vehicle marketplace. Previously, he served as interim CEO of duPont REGISTRY Publishing and as founder/CEO of Motorsport Games Inc. (Nasdaq: MSGM). Kozko’s board experience spans public and private companies, including Motorsport Games, duPont REGISTRY, and IC Realtime. His expertise includes capital markets, public company leadership, and governance. Dmitry Kozko Director
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Income Statement – FY26 Q1 27 • Operating Income up 5x from $2.1 million to $10.5 million ($8.4 million, 400%) • Gross Margin increased 340 bps to 14.6% • Net income rose from $0.4 million to $4.9 million • Adjusted EBITDA from $3.4 million to $12.2 million ($8.9 or 258%) year over year • Adjusted EBITDA margin, as a percent of net sales, from 1.5% to 4.8% year over year • Non-Cash EPS impact of Warrant Valuation is $0.03 11.2% 14.6% 3.9% 3.9% 1.2% 0.9% 5.7% 5.9% ($ in thousands) Three Months Ended 9/30/2024 Three Months Ended 9/30/2025 Net Revenues 228,990$ 253,974$ Cost of Revenues (excluding depreciation and amortization) 203,455 216,793 Gross Margin 25,535 37,181 Operating Expenses Distribution and Fulfillment Expense 9,018 9,920 Selling, General and Administrative Expense 13,104 15,078 Depreciation and Amortization 1,258 1,286 Transaction Costs - 370 Restructuring Cost 50 - Gain on Disposal of Fixed Assets (15) (20) Total Operating Expenses 23,415 26,634 Operating Income 2,120 10,547 Other Expenses Interest Expense 2,839 2,347 Change in Fair Value of Warrants 41 1,462 Total Other Expenses 2,880 3,809 (Loss) Income Before Income Tax (Benefit) Expense (760) 6,738 Income Tax (Benefit) Expense (1,157) 1,858 Net Income 397$ 4,880$ Net Income per Share 0.01$ 0.10$ ($ in thousands) Three Months Ended 9/30/2024 Three Months Ended 9/30/2025 Net Income 397$ 4,880$ Add back: Interest Expense 2,839 2,347 Income Tax (Benefit) Expense (1,157) 1,858 Depreciation and Amortization 1,258 1,286 EBITDA 3,337$ 10,371$ Adjustments Stock-based Compensation Expense - 25 Transaction Costs - 370 Change In Fair Value of Warrants 41 1,462 Restructuring Cost 50 - Gain on Disposal of PPE (15) (20) Adjusted EBITDA 3,413$ 12,208$ Adjusted EBITDA Margin % 1.5% 4.8%
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Balance Sheet & Cashflow Statement September 30, 2025 28 • Inventory rose from $102.8 to $121.7 reflecting holiday build • The Revolver, Net balance remained flat since June 30, 2025, however improved from $88 million to $56 million year over year • Net Income increased from $0.4 million to $4.8 million or $4.4 million • Operating activities generated $2.7 million in cash, reflecting positive earnings growth and improved working capital • Net cash used in investing activities of $0.3 million primarily for facility improvements • Net cash used in financing activities of $0.4 million due to repayments on credit facility ($ in thousands) June 30, 2025 Audited September 30, 2025 Unaudited Assets Ca s h 1,236$ 3,223$ Accounts Receivable 95,027 94,190 Inventory 102,848 121,728 Other C urrent Assets 19,021 23,091 Net PP&E & Operating Lease Right-of-Use Assets 30,505 29,623 Net Intangible Assets 18,475 17,631 Net Goodwill 89,116 89,116 Total Other Assets 5,000 4,389 Total Assets 361,228$ 382,991$ Liabilities Accounts Payable & Accrued Expenses 164,848 181,048 Revolving Credit Facility, Net 55,268 55,951 Sha reholder Loa n 10,000 10,000 Other C urrent Liabilities 7,881 7,978 Non-C urrent Liabilities 20,009 19,887 Total Liabilities 258,006$ 274,864$ Equity Total Equity 103,222$ 108,127$ Total Liabilities and Equity 361,228$ 382,991$ ($ in thousands) Three Months Ended Septemer 30, 2024 Three Months Ended Septemer 30, 2025 Net Income 397$ 4,880$ Net Cash (Used In) Provided By: Operating Activities (11,637) 2,720 Investing Activities 5 (319) Financing Activities 14,793 (363)
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29 Contact Information Alliance Entertainment Holding Corporation 8201 Peters Road, Suite 1000 Plantation, FL 33324 United States T: 954-255-4000 Company RedChip Companies, Inc. Dave Gentry T: 407-644-4256 aent@redchip.com Investor Relations Continental Stock Transfer & Trust T: 800-509-5586 cstmail@continentalstock.com Transfer Agent www.ampeddistribution.com www.handmadebyrobots.com www.aent.com www.alliancehomeentertainment.com