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FISCAL Q4 & FULL YEAR 2026 EARNINGS PRESENTATION September 15, 2026
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©2026 Forgent. All rights reserved. IMPORTANT NOTICE AND DISCLAIMERS Cautionary Note Regarding Forward-Looking Statements This presentation and accompanying webcast contain forward-looking statements that are based on our management’s beliefs, expectations and assumptions and currently available information. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, technology developm ents, financing and investment plans, dividend policy, competitive position, industry and regulatory environment, potential growth opportunities and the effects of competition. Forward-looking statements include statements that are not historical facts may be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” and similar expressions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent risks, uncertainties and other changes in circumstances we cannot predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements and you should not place undue reliance on such statements. For a further discussion of certain factors that could cause our actual results to differ from our expectations in any forward-looking statements, see our earnings press release and our other filings with the SEC. The forward-looking statements included in this presentation represent our management’s beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update or revise these forward-looking statements as a result of new information, future events or otherwise. Non-GAAP Information This presentation and accompanying webcast contain certain financial measures that are not calculated in accordance with generally accepted accounting principles (GAAP). See the Appendix to this presentation for a reconciliation of non-GAAP financial measures except as noted below. These non-GAAP financial measures are presented as supplemental information to provide additional insight into our operating performance and to enhance the overall understanding of our financial results. We believe these non-GAAP measures are useful to investors because they facilitate comparisons of our core operating results across reporting periods and provide a clearer understanding of the factors and trends affecting our business. These non-GAAP financial measures should not be considered in isolation or as a substitute for financial information prepared in accordance with GAAP. There are limitations associated with the use of non-GAAP financial measures, including that they may not be comparable to similarly titled measures used by other companies. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are provided within this presentation with the following exception: The Company does not reconcile its forward -looking non-GAAP financial measures to the corresponding U.S. GAAP measures, due to variability and difficulty in making accurate forecasts and projections and/or certain information not being ascertainable or accessible; and because not all of the information necessary for a quantitative reconciliation of these forward-looking non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure is available to the Company without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The Company provides non-GAAP financial measures that it believes will be achieved, however it cannot accurately predict all of the components of the adjusted calculations and the U.S. GAAP measures may be materially different than the non-GAAP measures. 2
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©2026 Forgent. All rights reserved. 3 AGENDA Fiscal Q4 & Full Year 2026 Earnings Presentation Q4 & FY 2026 Financial Summary03 Q4 Business Update01 FY 2026 Review and Scorecard02 FY 2027 Outlook & Guidance04
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Q4 BUSINESS UPDATE
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©2026 Forgent. All rights reserved. Three and Twelve Months Ended June 30, 2026 FISCAL Q4 AND FULL YEAR 2026 FINANCIAL HIGHLIGHTS 5 Note: Percent changes represent the year-over-year increase versus the comparable three- and twelve-month periods ended June 30, 2025. 1) Non-GAAP Financial Measures. See Appendix for Non-GAAP reconciliations. 2) Adj. EBITDA margin change is sequential for Q4 and year-over-year for FY26. ©2026 Forgent. All rights reserved. REVENUES +94% $1,420M ADJ. EBITDA (1) +163% +91% ADJ. EBITDA MARGIN (1) 24.4% 22.7% ADJ. NET INCOME (1) +275% +136% Q4 FY26 Q4 FY26 Q4 FY26 Q4 FY26 $462M +89% $113M $323M +200 bps(2) +20 bps(2) $77M $208M
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©2026 Forgent. All rights reserved. KEY MESSAGES 6 Beat high-end guidance on robust demand and strong execution Commercial momentum continues: Q4 revenue growth outpaced full-year growth by ~500 bps and $1.5B of Q4 orders exceeded full-year revenue Sustained Adjusted EBITDA margin expansion, with a second consecutive quarter of +200bps sequential improvement Scale driving greater cash flow generation with operating cash flow ~2.5X year-over-year Modular solutions demand continues to grow with ~40% of backlog from Powertrain Solutions Making incremental investment in capacity and accelerating hiring in Q1 to meet rising demand Record high $3B backlog provides strong visibility into FY2027 ©2026 Forgent. All rights reserved.
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©2026 Forgent. All rights reserved. RECORD Q4 ORDERS AND BACKLOG HIGHLIGHT CONTINUED COMMERCIAL MOMENTUM 71) Bookings defined as change in backlog versus prior quarter plus revenues in quarter. 2) Book-to-bill defined as change in backlog versus prior quarter plus revenues in quarter divided by revenues in quarter. Bookings(1) ($ in millions) Book-to-Bill Ratio(2) Backlog ($ in millions) 1.3x 2.3x 3.3x +144% YoY Q4-FY26Q4-FY25 Q3-FY26 Q4 was highest book-to-bill ratio in Forgent history with orders exceeding full year 2026 revenues $316 $867 $1,503 +375% YoY +73% QoQ $850 $1,981 $3,023 +256% YoY +53% QoQ Q4-FY26Q4-FY25 Q3-FY26Q4-FY26Q4-FY25 Q3-FY26 +42% QoQ
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©2026 Forgent. All rights reserved. EPC / Eng Firms EPC / Eng Firms EPC / Eng Firms EPC / Eng Firms EPC / Eng Firms OEMs OEMs OEMs OEMs OEMs Regional Colos Regional Colos Regional Colos Regional Colos Nat’l. and Int’l. Colos Nat’l. and Int’l. Colos Nat’l. and Int’l. Colos Neoclouds Neoclouds Neoclouds Frontier AI labs Frontier AI labs Hyperscalers FY2025 1H 2H 1H 2H First orders received / MSAs signed Significant Organic Growth Opportunity Brand launch 8 “Building Blocks” of a Data Center Electrical Infrastructure Leader In under two years, Forgent has evolved from selling point products through intermediaries to engineering solutions for frontier AI labs and hyperscalers EXPANDING PENETRATION OF THE DATA CENTER MARKET Customer Cohorts / Routes to Market Represented in Revenues(1) FY 2027FY 2026 1) Revenues not to scale – for purposes of showing customer cohorts.
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©2026 Forgent. All rights reserved. FRONTIER AI LAB CUSTOMER WIN 9 Why Forgent WonProducts: MV transformers and switchgear for a frontier-scale campus Forgent received the initial award for one of the largest AI build-outs in the U.S. — with potential for multiple GWs of additional orders Transformers manufactured at our Waco campusBackground End Market Data Center Customer Type AI Lab ~6 Mos Lead Time Design partnership: Provided upfront engineering support during the procurement process, shaping the solution around customer requirements End-to-end power solution: Delivered system-level engineering with vertical integration, reducing supply chain complexity and dependency Speed to power: Matched delivery against an aggressive procurement timeline Capacity to scale: Offered headroom to supply additional campuses >1 GW Scale of customer’s first campus(1) 1) Reflects customer campus size, not initial order size
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©2026 Forgent. All rights reserved. 665 1,050 Current Post Expansion 500 385 Largest Existing Facility (Dayton, MN) New Dedicated PTS Facility (Tijuana, MX) POWERTRAIN SOLUTIONS CAPACITY EXPANSION 10 Customers Want More Modular Solutions… …which is Driving Significant Growth in Powertrain Solutions… $51 $99 $147 Q4-FY25 Q3-FY26 Q4-FY26 +48% QoQ Growth +187% YoY Growth Powertrain Solutions Revenue ($ in millions) …and We’re Investing in More Capacity to Meet that Demand Powertrain Solutions represented ~32% of Q426 revenues and ~40% of June 30 backlog Powertrain Solutions Manufacturing Capacity (000s ft2) 90% 80% 80% 70% 60% 40% 10% 20% 20% 30% 40% 60% 2005-08 2008-15 2015-20 2021-23 2026 2029 Stick-Built Modular/Pre-Fab Why We Win Percentage of DC Construction(1) Cloud AI Era New PTS facility will be nearly the size of our largest existing facility and increase our total revenue capacity to ~$5.8B (+$0.8B) +58% Note: PTS = Powertrain Solutions. 1) Bernstein Research (August 2026). Modular and Prefabricated Solutions are a growing portion of data center construction spend Vertical integration – from metal fabrication to in-house switchgear and transformer manufacturing Full-solution engineering and customization Industry-leading lead times and strategic manufacturing footprint
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FY 2026 REVIEW & SCORECARD
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©2026 Forgent. All rights reserved. FY2025 FY2026 FY2026: BIGGER, BROADER, BETTER POSITIONED 121) Non-GAAP Financial Measure. See Appendix for Non-GAAP reconciliations. Revenue Adjusted EBITDA(1) Revenue Mix by End-Market Revenue Mix by Offering Achieved Data Center 42% Grid 23% Industrial & Other 35% Custom Products 78% Powertrain Solutions 13% Services 4% Standard Products 5% Data Center 59%Grid 21% Industrial & Other 20% Custom Products 70% Powertrain Solutions 25% Services 2% Standard Products 3% $ in millions $753 $169 $1,420 $323 +89% +91% Grew in every end-market, maintaining diversity that creates multiple ways to win ~2x increase in contribution from Powertrain Solutions Backlog $850 $3,023 +256%
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©2026 Forgent. All rights reserved. $305 $323 IPO Model Actual WHAT WE SAID, WHAT WE DELIVERED - FINANCIAL 13 FY2026 Revenues FY2026 Adjusted EBITDA(1) Commentary Forgent’s FY2026 results significantly exceeded the IPO forecast and our guidance $1,270 $1,420 IPO Model Actual +12% Provided forecast to research analysts in December as is customary for companies going public Actual FY2026 revenues exceeded the forecast by $150M (+12%) Actual FY2026 Adjusted EBITDA exceeded the forecast by $18M (+6%) and $34M (+11%) excluding startup costs and under-absorbed labor/overhead All results exceeded the high-end of guidance provided in March and updated in May (Dec. 2025) (Dec. 2025) $339 Ex. Startup costs & labor/overhead underabsorption +11% 1) Non-GAAP Financial Measure. See Appendix for Non-GAAP reconciliations.
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©2026 Forgent. All rights reserved. WHAT WE SAID, WHAT WE DELIVERED – COMMERCIAL 14 Customer Count RevenueAvg. Revenue per Customer Data Center +161%+18% Grid +121% +7% +69%+58% Forgent’s commercial strategy delivered growth well in excess of the market Our Strategy Our Results Market(1) +10% +37% Grow faster by focusing on end-markets backed by mega- trends Capture market share with product breadth and manufacturing depth Grow wallet share by providing end-to-end solutions Offer more prefabricated solutions, by expanding e-House and Powerskid offerings 1) BCE Consulting; figures reflect forecasted CY2025–CY2026 estimated growth rate as of Q4 2025. (13%) +11%+28% +8%Industrial & Other × = vs. × = vs. × = vs. FY26 YoY Growth Outperformance vs. Market 7x 4x 1.5x We added more customers, increased average order sizes and gained share in FY2026
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©2026 Forgent. All rights reserved. Invest in capacity to capture demand Offer some of the shortest lead times in the industry Provide customization-at-scale through vertically integrated, flexible manufacturing WHAT WE SAID, WHAT WE DELIVERED – OPERATIONS 15 Our Strategy Our Results Forgent successfully executed a ~5x capacity expansion and significantly ramped production at new facilities, while meeting customer commitments and minimizing the impact on margins We completed our 2025-2026 Capacity Expansion, bringing >1.8M sq. ft. of new capacity on-line Location Approximate Footprint (ft2) Construction Status at Year-End Pre- Expansion Post- Expansion % Increase FY2025 FY2026 Texas 50k 520k +940% Under Construction Complete Minnesota 90k 600k +567% Under Construction Complete Tijuana 210k 770k +267% Under Construction Near Complete Maryland 30k 190k +533% Under Construction Complete California 100k 230k +130% Under Construction Near Complete Total 480k ~2.3M +381%
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©2026 Forgent. All rights reserved. WHAT WE SAID, WHAT WE DELIVERED - PEOPLE 16 Our Strategy Our Results Our focus on making Forgent an employer of choice enabled us to accelerate our growth without workforce constraints Recruit, train and retain direct labor to match our capacity for revenue growth Grow engineering resources to develop Custom Products & Powertrain Solutions Maintain a flat organizational structure built for high speed and accountability; benefit from operating leverage as we scale Attract and retain A+ leadership talent We successfully expanded our manufacturing and engineering teams… YoY Revenue Growth Juan Macias Solutions & Services President Engineering Executive Vice President Joe Reele Technical Business Development Senior Vice President Dan Eslinger Previous experience includes: …and attracted A+ leadership talent +89% +54% +78% Manufacturing Headcount Application Engineer Headcount Process, Field and Design Engineer Headcount YoY % Change
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FINANCIAL SUMMARY - FISCAL Q4 & FULL YEAR 2026
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©2026 Forgent. All rights reserved. $238 $462 Q4-FY25 Q4-FY26 Q4 REVENUES +94% Commentary Revenues increased 94% to $462M − Strong execution with faster than expected production ramp at our new facilities − 100% organic growth, reflecting both market growth and share gains − Growth led by Custom Products & Powertrain Solutions for data centers Sales of all offerings grew, led by Powertrain Solutions and Custom Products: − Powertrain Solutions +187% to $147M − Custom Products +73% to $292M − Services +69% to $12M − Standard Products +3% to $11M 18 Revenues ($ in millions) Revenues increased 94% year-over-year and 22% sequentially as Forgent compounded market growth with share gains
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©2026 Forgent. All rights reserved. Adjusted EBITDA grew 163% to $113M(1) − Gross profit increased 109% YoY driven by volume growth − SG&A increased, reflecting investments across sales, operations, and engineering to support growth Quarter-over-quarter Adjusted EBITDA margins increased 200 bps to 24.4% − Gross margins increased 150bps reflecting both volume growth and favorable product mix − SG&A declined as a percentage of sales Q4 ADJUSTED EBITDA Commentary % Margin 18.0% 24.4% 1) Non-GAAP Financial Measure. See Appendix for Non-GAAP reconciliations. 19 Adjusted EBITDA(1) ($ in millions) $43 $113 Q4-FY25 Q4-FY26 +163% Adjusted EBITDA Margins increased 200bps sequentially, marking the second consecutive quarter of margin expansion
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©2026 Forgent. All rights reserved. $88 $208 FY25 FY26 $169 $323 FY25 FY26 $753 $1,420 FY25 FY26 FY 2026 FINANCIAL RESULTS 201) Non-GAAP Financial Measure. See Appendix for Non-GAAP reconciliations. Forgent’s full year results set new records across all KPIs ($ in millions) +$667M vs. FY25 ($ in millions) +$154M vs. FY25 ($ in millions) +$120M vs. FY25 Revenues Adjusted EBITDA(1) Adjusted Net Income(1) +89% +91% +136%
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FY 2027 OUTLOOK & GUIDANCE
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©2026 Forgent. All rights reserved. FY 2027 OUTLOOK 22©2026 Forgent. All rights reserved. Strategic Themes Priorities Robust demand continues for our products and solutions Engineering resources + capacity = outsized market growth Continuing shift to modular, scalable solutions More M&A-driven consolidation Expand the team to match the growth opportunity Compound market growth with share gains Add Powertrain Solutions capacity Reinvest FCF in acquisitions
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©2026 Forgent. All rights reserved. $0.68 $1.26 - $1.40 FY26 Pro Forma FY27E $323 $575 - $625 FY26 FY27E $1,420 $2,400 - $2,600 FY26 FY27E FY 2027 OUTLOOK 23 Revenues Adjusted EPS(1) +95% Margin 22.7% 24.0% Note: Growth and margin percentages calculated at midpoint of guidance. 1) Non-GAAP Financial Measure. See "Non GAAP Information" on slide 2 for information regarding forward-looking non-GAAP measures. 2) FY26 Pro Forma Adjusted EPS presented for comparison purposes and calculated by dividing Adjusted Net Income ($208M) by Adjusted diluted weighted average shares outstanding (304.7M). ($ in millions) ($ in millions) Adjusted EBITDA(1) Forgent’s FY2027: Compounding growth with share gains and expanding Adjusted EBITDA margins +76% +86% Revenue growth fueled by market expansion and share gains Backlog substantially covers guidance with some capacity reserved for book-and-ship orders Operating leverage will drive higher margins, partially offset by start-up costs and investment in labor Revenue and Adjusted EBITDA expected to increase sequentially throughout the year as production ramps Adjusted EPS to grow faster than Adjusted EBITDA Commentary (2)
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©2026 Forgent. All rights reserved. $65 $90 - $100 FY26 FY27E $283 $445 - $465 FY26 FY27E FY 2027 OUTLOOK – Q1 24 Revenues Note: Growth calculated at midpoint of guidance. 1) Non-GAAP Financial Measure. See "Non GAAP Information" on slide 2 for information regarding forward-looking non-GAAP measures. ($ in millions) ($ in millions) Adjusted EBITDA(1) Q1 will include significant investment to accelerate Forgent’s scalability in remainder of fiscal 2027 and beyond +61% +46% Current backlog covers 90%+ of FY2027 guidance Adding capacity and headcount in Q1 to support additional growth Expect to incur ~$10 million of one-time costs in Q1 related to hiring, training and start-up activities to support production ramp over the balance of the year As a result of these costs, Adjusted EBITDA and margin will be lowest in Q1 but will increase consecutively throughout FY27 Commentary
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©2026 Forgent. All rights reserved. FY25 FY26 FY27E TRANSITIONING TO SIGNIFICANT CASH GENERATION 25 Capex % of Revenues $45 $109 >$300 FY25 FY26 FY27E ($ in millions) Greater scale and moderating capex are expected to drive a significant step-up in cash flow generation Operating Cash Flow Cash flow generation increasing as the business scales and capacity investment moderates FY27 capex steps down significantly as a percentage of sales, despite incremental investment in PTS capacity Cash flow generation will be weighted more heavily to 2H given 1H-weighted NWC and capex investment to support production ramp M&A is priority for free cash flow 11% 8% 3% 2027 PTS Capacity Expansion 2025-2026 Capacity Expansion Maintenance capex Commentary
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©2026 Forgent. All rights reserved. $305 $469 $600 FY26 FY27 IPO Model FY26 Actual / FY27 Guidance +$34M +$131M $1,270 $1,828 $1,420 $2,500 FY26 FY27 IPO Model FY26 Actual / FY27 Guidance +$150M +$672M FORGENT IS A YEAR AHEAD OF PLAN 26Note: FY27 reflects guidance midpoints. Comparisons refer to our IPO model from December 2025. 1) Non-GAAP Financial Measure. See Appendix for Non-GAAP reconciliations. 2) Excludes start-up costs & labor/overhead under-absorption Forgent is a year ahead of the plan we provided to research analysts for our February IPO ($ in millions) ($ in millions) Revenues Adjusted EBITDA(1) $339 $323 (2) FY28 Revenue in the IPO Model was ~$2.5B. Achieving the midpoint of our FY27 revenue guidance will put us a full year ahead of that plan.
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APPENDIX @2026 Forgent. All rights reserved.
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©2026 Forgent. All rights reserved. FISCAL 2027 MODELING 28 Metric FY2027 Basis / Commentary GAAP tax rate(1) 21% – 22% Effective tax rate on GAAP pre-tax income Adjusted tax rate 23% – 24% Tax rate applicable to Adjusted Net Income & Adjusted EPS calculations Cash tax rate 13% – 16% Cash taxes as % of GAAP pre-tax income Tax distributions(1) $28M - $35M Tax distributions to non-controlling interest; Financing cash flows TRA payments None Payments under Tax Receivable Agreement; Financing cash flows; beginning in FY28 Net interest expense $35.5M – $40.5M Interest expense, net of interest income Depreciation $38.5M – $40.5M Depreciation Intangible amortization ~$25.5M Amortization of acquired intangible assets Amortization / write-off of discounts and deferred financing costs ~$3M Amortization of debt discounts and debt issuance costs SBC $25.5M – $27.5M Stock-based compensation expense Shares Outstanding ~305M Total Class A + Class B + dilutive securities; Denominator for Adjusted EPS Capex $85-$90M Inclusive of 2027 PTS Capacity Expansion, remainder of 2025-2026 Capacity Expansion, maintenance at ~1% of revenues 1) Assumes current capital structure reflecting the follow-on offering completed in July, whereby the non-controlling interest owns 9.82% of Opco LLC Interests.
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©2026 Forgent. All rights reserved. ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN 1) Represents fees and expense reimbursements paid to our Sponsor. 2) Represents non-recurring professional services fees we incurred in connection with readying the Company for our initial public offering and statutory SEC reporting, as well as IPO-related bonuses and certain non-recurring recruiting costs. 3) Represents non-recurring earnout amounts accrued to certain sellers in connection with business acquisitions. 4) Represents non-recurring professional services fees we incurred in connection with certain post-acquisition activities, including valuation, technical accounting and integration consulting services. The table below reconciles Net Income (the most directly comparable GAAP measure) to Adjusted EBITDA (a non-GAAP measure) for the periods presented (in thousands): Non-GAAP Financial Measures 29 Three Months Ended June 30 Three Months Ended March 31 Year Ended June 30 2026 2025 2026 2026 2025 Net Income / (Loss) $ 66,094 $ (4,761) $ 24,475 $ 106,035 $ 17,446 Interest expense 11,423 12,945 10,839 57,127 54,778 Interest Income (699) (1,049) (701) (2,787) (5,558) Income tax expense 14,427 1,387 4,404 21,365 5,340 Depreciation expense 5,623 2,212 6,423 19,023 6,188 Amortization of intangibles 10,870 12,877 11,732 47,876 58,676 Equity-based compensation 4,490 512 3,357 10,036 1,784 Sponsor fees and expenses(1) — 7,861 1,680 18,818 15,171 Public company readiness costs(2) 250 3,991 16,884 21,215 6,086 Earnout expenses(3) — 5,000 — 5,400 5,000 Non-recurring integration and consulting fees(4) 258 1,850 5,589 18,796 4,262 Adjusted EBITDA $ 112,736 $ 42,825 $ 84,682 $ 322,904 $ 169,173 Adjusted EBITDA $ 112,736 $ 42,825 $ 84,682 $ 322,904 $ 169,173 Revenues 461,672 237,613 $ 378,709 $ 1,420,059 $ 753,188 Adjusted EBITDA Margin 24.4% 18.0% 22.4% 22.7% 22.5%
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©2026 Forgent. All rights reserved. Three Months Ended June 30 Year Ended June 30 2026 2025 2026 2025 Net Income (Loss) Attributable to Forgent Power Solutions, Inc. $ 53,298 $ (2,560) $ 81,845 $15,196 Net income impact from pro forma conversion of Class B common stock to Class A common stock(1) 12,796 (2,201) 24,190 2,250 Adjustment to the provision for incometax(2) (2,505) 534 (3,533) (546) Tax effected net income 63,589 (4,227) 102,502 16,900 Amortization of intangibles 10,870 12,877 47,876 58,676 Amortization / write off of discounts and deferred financing costs 1,305 556 12,987 2,511 Equity-based compensation 4,490 512 10,036 1,784 Sponsor fees and expenses(3) — 7,861 18,818 15,171 Public company readinesscosts(4) 250 3,991 21,215 6,086 Earnout expenses(5) — 5,000 5,400 5,000 Non-recurring integration and consultingfees(6) 258 1,850 18,796 4,262 Tax impact ofadjustments(7) (3,422) (7,802) (30,054) (22,266) Adjusted Net Income $ 77,340 $ 20,618 $ 207,576 $ 88,124 ADJUSTED NET INCOME 1) Reflects net income to Class A common shares from pro forma exchange of corresponding shares of our Class B common shares held by the Existing Opco LLC Owners. 2) The Company is subject to U.S. Federal income taxes, in addition to state and local taxes with respect to its allocable share of any net taxable income of Opco. The adjustment to the provision for income tax reflects the appropriate effective tax rate that assumes the Company owns 100% of the Opco LLC Interests units. 3) Represents fees and expense reimbursements paid to our Sponsor. 4) Represents non-recurring professional services fees we incurred in connection with readying the Company for ourinitial public offering and statutory SEC reporting, as well as IPO-related bonuses and certain non-recurring recruiting costs. 5) Represents non-recurring earnout amounts accrued to certain sellers in connection with business acquisitions. 6) Represents non-recurring professional services fees we incurred in connection with certain post-acquisition activities, including valuation, technical accounting and integration consulting services. 7) Represents the estimated tax impact of all Adjusted Net Income add-backs, excluding those which represent permanent differences between book versus tax. The table below reconciles Net Income (the most directly comparable GAAP measure) to Adjusted Net Income (a non-GAAP measure) for the periods presented (in thousands): 30 Non-GAAP Financial Measures
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©2026 Forgent. All rights reserved. QUARTERLY ADJUSTED NET INCOME Non-GAAP Financial Measures 31 Year Ended June 30 Q1-26 Q2-26 Q3-26 Q4-26 2026 Net Income Attributable to Forgent Power Solutions, Inc. $ 10,014 $ 246 $ 18,287 $ 53,298 $ 81,845 Net income impact from pro forma conversion of Class B common stock to Class A common stock 5,543 (337) 6,188 12,796 24,190 Adjustment to the provision for income tax (522) 34 (540) (2,505) (3,533) Tax effected net income 15,035 (57) 23,935 63,589 102,502 Amortization of intangibles 12,778 12,496 11,732 10,870 47,876 Amortization / write off of discounts and deferred financing costs 999 10,011 672 1,305 12,987 Equity-based compensation 562 1,627 3,357 4,490 10,036 Sponsor fees and expenses 6,600 10,538 1,680 - 18,818 Public company readiness costs 1,402 2,679 16,884 250 21,215 Earnout expenses 5,400 - - - 5,400 Non-recurring integration and consulting fees 3,796 9,153 5,589 258 18,796 Tax impact of adjustments (7,251) (10,506) (8,875) (3,422) (30,054) Adjusted Net Income $ 39,321 $ 35,941 $ 54,974 $ 77,340 $ 207,576 Tax Rate 23.41% 23.41% 23.41% 23.41% 23.41% Amounts below reflect updated calculation methodology that assumes conversion of (and tax-affecting of) Class B shares. Adjusted EPS is calculated on this basis, dividing Adjusted Net Income by adjusted diluted weighted average shares outstanding. We believe this methodology provides for better comparability over time as our mix of Class A / Class B shares changes.
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©2026 Forgent. All rights reserved. investors@forgent.com