Iren Ltd

htm EX-99.1 irenreportsfy26results 1 IREN Reports FY26 Results New Multi-Year Contract with Leading Frontier AI Lab $4bn Contracted ARR for 2026 Capacity; $1bn Operating ARR Today1,2 $2.8bn GPU Financings Fund 90% of Associated GPU Capex NEW YORK, August 27, 2026 (GLOBE NEWSWIRE) IREN Limited (NASDAQ: IREN) ( IREN or the Company ) today provided a business update and reported its financial results for the full fiscal year ended June 30, 2026.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Payback period estimated based on estimated capital expenditure for GPUs and ancillaries divided by contracted revenue less estimated direct costs.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Customer prepayments represent amounts contractually payable by customers in advance of service delivery, expressed as a percentage of the estimated capital expenditure for GPUs and ancillaries.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

GPU capex excludes provincial sales tax and goods and services tax.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets, expectations as to delivery timelines, supply-demand and other market conditions, anticipated contract durations and revenue impacts, planned GPU deployments, future capital expenditure requirements, and other trends we expect to affect our business.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Adjusted EBITDA is defined as net income (loss), excluding income tax (expense) benefit, finance expense, interest income and depreciation and amortization, stock based compensation, foreign exchange gain (loss), impairment of assets, certain other non- recurring income, gain (loss) on disposal of property, plant and equipment, unrealized fair value gain (loss) on financial instruments, debt conversion inducement expense, gain (loss) on partial extinguishment of financial liabilities, increase (decrease) in fair value of assets held for sale and certain other expense items.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

We are continuing to contract future capacity with a deliberate strategy, building a diversified base of counterparties and preserving room for higher-value managed services and software.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

With increasing availability of a broad range of capital sources to fund our expansion, we are well positioned to keep compounding as the structural shortage of compute deepens.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets, expectations as to delivery timelines, supply-demand and other market conditions, anticipated contract durations and revenue impacts, planned GPU deployments, future capital expenditure requirements, and other trends we expect to affect our business.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Forward-looking statements include without limitation those relating to information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies and trends we expect to affect our business, and the timing of any of the foregoing.

SEC original ↗Iren Ltd — 10-K Annual report10-KAug 27, 2026

Our business has grown rapidly and we have an evolving business model and strategy.

SEC original ↗Iren Ltd — 10-K Annual report10-KAug 27, 2026

6 Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ( Securities Act ), and Section 21E of the Securities Exchange Act of 1934, as amended ( Exchange Act ), that involve substantial risks and uncertainties.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Such statements are subject to the same limitations, uncertainties, assumptions and disclaimers set out in this press release.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

The forward-looking statements are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements.

SEC original ↗Iren Ltd — Earnings release (8-K exhibit)EX-99Aug 27, 2026

Legal Proceedings 105 Item 4.

SEC original ↗Iren Ltd — 10-K Annual report10-KAug 27, 2026

Such forward-looking statements are subject to limitations, uncertainties, assumptions, disclaimers, and other important factors set out in this document and you should not place undue reliance on these forward-looking statements.

SEC original ↗Iren Ltd — 10-K Annual report10-KAug 27, 2026

7 Table of Contents SUMMARY OF RISKS AFFECTING OUR BUSINESS Our business is subject to numerous risks, uncertainties, and other important factors.

SEC original ↗Iren Ltd — 10-K Annual report10-KAug 27, 2026