About OpenText Incorporated in 1991, OpenText is a leading provider of data management for enterprise AI. We are Canadian in our roots and global in our reach. We provide the secure data foundation in the AI stack, the trusted context that makes credible AI outcomes possible. We give clients the choice to transform and operate at their best: deployment on-premise or in the cloud, with the type of cloud they need, public, private or sovereign, and to integrate with any enterprise-grade language model. We operate across the private, public, and highly regulated sectors including retail, financial services, government, manufacturing, healthcare, energy, and logistics. As enterprise adoption of AI continues to evolve, organizations increasingly require trusted, governed enterprise data to deploy AI effectively. OpenText’s products and solutions build on the Company’s longstanding data management capabilities to help clients meet those evolving requirements. Our products and solutions are a critical layer in the AI stack that connect enterprise data to AI for trusted outcomes. OpenText’s data management products and solutions manage and govern the creation, capture, use, analysis, and lifecycle of structured and unstructured enterprise data. We help organizations manage and integrate their data, unlocking its value for trusted AI results, while meeting privacy and compliance requirements, so clients can move confidently from AI experimentation to enterprise-scale AI adoption. To accelerate agentic AI and business transformation, OpenText enables clients to deploy in the cloud of their choice, with the AI model that best meets business, security, and regulatory obligations. Our AI-first solutions are available across a combination of private, public and sovereign cloud, managed cloud services, Application Programming Interface (API) and on-premise environments. This deployment flexibility enables organizations to operate across hybrid and multi-cloud environments while meeting operational, security, and regulatory obligations. By supporting clients wherever they are in their AI journey, we aim to build long-term, high-value client relationships. Our investments in research and development (R&D) drive ongoing innovation in AI, cloud, and cybersecurity, seeking to increase the value of our offerings to our existing and prospective client base, which includes global enterprises, small and medium-sized businesses (SMBs), regulated industries, governments, and other clients around the world. OpenText Strategy We are a leading provider of secure data context for enterprise AI. Our products and solutions portfolio provide the secure data foundation in the AI stack, the trusted context that makes credible AI outcomes possible. Our strategy is centered around disciplined execution and capital allocation that we expect will return the business to organic and sustainable revenue growth on a constant currency basis. One common purpose unites OpenText colleagues around the world: client success. Each OpenText employee is accountable for it, whether directly or in support of those who are. Client success is OpenText’s growth. Our strategy is built on four strategic pillars: grow the current client base, acquire new clients, drive disciplined execution, and innovate with purpose. ■Grow Current Client Base •Cross-sell the full OpenText portfolio across accounts via our new “One OpenText” go-to-market model, which aligns client coverage by geographic market, provides clients with a single accountable point of contact and brings together the full breadth of our portfolio, specialist expertise and partner ecosystem. •Expand installed-base adoption by accelerating cloud migration. ■New Client Acquisition •Accelerate mid-market client acquisition through OpenText's partner ecosystem. •Deepen ties with hyperscalers, global and regional systems integrators and independent software vendors (ISVs) to expand reach and drive innovation. ■Disciplined Execution •Simplify operations for speed and accountability by pushing decisions closer to client-facing teams, including leaders in supporting markets. •Apply consistent discipline to capital allocation, streamlined decision rights to best serve the clients, operating model, costs, and cloud migration. 6 Table of Contents •Regularly evaluate divestitures of our products and solutions portfolio that no longer align with our future growth strategy (see “Acquisitions and Divestitures During the Last Five Fiscal Years” below, and Note 19 “Acquisitions and Divestitures” to the Consolidated Financial Statements included in this Annual Report on Form 10-K). ■Innovation with Purpose •Give clients flexibility to deploy across the clouds and AI language models that fit their needs. •Differentiated investments that enable our clients’ success, focused on content management and business networks. About OpenText Products and Solutions OpenText provides data management solutions at scale to meet the demands and needs of a global market. Our offerings help organizations collect, connect, contextualize, protect, govern, use, and secure data across their operations. These products and solutions are fundamentally integrated into our clients’ operations and existing software systems to connect large digital supply chains, information technology (IT) service management ecosystems, application development and delivery workflows, and processes across industries operating in public, private, and regulated sectors. Furthermore, we provide cybersecurity solutions designed to help organizations protect sensitive data, applications, and systems across complex hybrid environments. These security offerings protect, encrypt, detect, and respond to cyber threats, and include identity and access management, threat detection and response, data protection, and application security. Enterprise data is an organization’s most valuable proprietary resource, generated by structured and unstructured sources including documents, files, emails, IT and application logs, invoices, and partner, supplier, and client interactions. The volume, variety, and velocity of this data require a scalable data management platform, like OpenText's, to handle large numbers of users, significant transaction volumes, security and operational digital signals, and global supply chain networks. We make enterprise data more valuable by connecting it to AI and digital business processes, enriching it with insights, and protecting it throughout its lifecycle. By integrating diverse data into a governed, protected, and proprietary environment aligned with applicable security and governance requirements, our solutions provide the context needed to apply data for AI within workflows, applications, and automated processes. Ultimately, these capabilities enable enterprise data to serve as a trusted foundation for applications involving AI, such as emerging agent-based or automated decision-making technologies, including our complementary Aviator AI agents, described in this section. OpenText Product Categories OpenText is a comprehensive data management platform consisting of seven product categories including: Content, Business Network, IT Operations Management (ITOM), Cybersecurity (Enterprise), Cybersecurity (SMB & Consumer), Application Delivery Management (ADM), and Analytics. Content OpenText Content is our largest product category and includes content management, integration and intelligent automation capabilities. These products and solutions manage human-generated data by connecting content to digital business processes, reducing information silos, and providing secure and compliant access to structured and unstructured data. This product category is designed to improve productivity and insights while helping clients manage information-related risk. Our Content portfolio manages the lifecycle, distribution, use and analysis of information across the organization, from capture to archiving and disposition. This includes content collaboration, intelligent capture, records management, e-signature, and archiving capabilities. These products and solutions are available on-premise, through a cloud provider selected by the client, as a subscription in the OpenText Cloud, in a hybrid environment, or as a managed service. OpenText Content enables clients to capture data from physical and digital sources, and transform it into digital content that can be managed, governed and used across content management solutions, business processes, analytics applications and AI-enabled workflows. OpenText Content integrates with the applications that manage critical business processes, such as SAP® S/4HANA, SAP® SuccessFactors®, Salesforce®, Microsoft® Office 7 Table of Contents 365® and other software systems and applications, establishing the foundation for intelligent business process and content workflow automation. By connecting unstructured content with structured data workflows, these capabilities are designed to provide users with access to relevant content when needed, reduce errors, support business insight and increase efficiency. Business Network OpenText Business Network provides the foundation for digital supply chains and secure e-commerce ecosystems in the cloud. Business Network Cloud manages business-to-business data within the organization and outside the firewall, connecting people, systems and Internet of Things (IoT) devices at a global scale for clients to digitize and automate their procure-to-pay and order-to-cash processes. For our clients, these products and solutions deliver streamlined connectivity, secure collaboration and real-time business intelligence in a single, unified platform. Organizations can use these offerings to build global and sustainable supply chains, rapidly onboard new trading partners, comply with regional mandates, assess their credit quality and ethics scores, provide electronic invoicing and remove information silos across ecosystems and the extended enterprise. We enable supply chain optimization, digital business integration, data management, messaging, security, communications and secure data exchange across an increasingly complex network of on-premise and cloud applications, connected devices, systems and people. IT Operations Management (ITOM) OpenText ITOM helps clients manage machine generated data to increase service levels and improve experiences through the holistic management of IT assets and applications across all types of infrastructures and environments. ITOM includes IT service management and asset management capabilities that help automate IT support processes through our OpenText Service Management offering. We enable AI operations management through network operations management (NOM), connected data management and observability through OpsBridge. We also help clients manage vulnerabilities and deploy patches across their IT environments through server and network automation. In addition, our universal discovery and automation tools are designed to manage distributed landscapes and help clients better manage cloud costs and carbon footprints. Cybersecurity (Enterprise) OpenText Cybersecurity (Enterprise) consists of a comprehensive portfolio of software solutions and services that enable large organizations to protect, detect, and respond to cyber threats across complex, hybrid IT environments. These capabilities are delivered primarily through an integrated platform that unifies security functions across identity, data, applications, and operations. Core capabilities include threat detection and response, identity and access management, application security, data privacy and protection, security operations, digital forensics, and threat intelligence. Our Cybersecurity (Enterprise) products and solutions can be integrated with major technology ecosystems to support interoperability and reduce friction in a variety of environments. At the infrastructure and application layer, OpenText Cybersecurity (Enterprise) products and solutions help detect issues and respond to and remediate threats. The full suite of capabilities includes Application Security (Fortify), Identity and Access Management (NetIQ), Email Encryption (Voltage), Security Information and Event Management (SIEM with ArcSight), Endpoint Detection Response (EDR), Network Detection Response (NDR), Managed Detection and Response (MDR), BrightCloud Threat Intelligence, and Digital Forensics & Incident Response. We deliver services, combining front-line experience with automation, AI technology and OpenText software, to help organizations detect threats in real time. Cybersecurity (SMB & Consumer) OpenText Cybersecurity (SMB & Consumer) consists of a portfolio of simplified, integrated security solutions designed for small and medium-sized businesses, managed service providers (MSPs), and individual consumers. These offerings prioritize ease of deployment, automation, and cost efficiency while providing multi-layered protection against cyber threats. 8 Table of Contents At the data layer, Cybersecurity (SMB & Consumer) helps clients be cyber-resilient with uninterrupted access and protection of business data against cyber threats. With Carbonite Endpoint, Carbonite Server, Carbonite Cloud-to-Cloud Backup and Information Archiving, clients have visibility across all endpoints, devices and networks, for proactive discovery of sensitive data, identification of threats and sound data collection for investigation. At the edge, these products and solutions help clients protect endpoints, virtual machine platforms and browsers from rising cyber-attacks. With Webroot Endpoint Protection, Webroot Domain Name System (DNS) protection, Email Security by Zix, Security Awareness Training, MDR and Threat Hunting, these security solutions are directed to SMB and consumers. We serve SMB together with its network of MSPs who help deploy OpenText products and solutions at scale. The Cybersecurity SMB portfolio is primarily delivered through cloud-based deployments and is often distributed through a global network of MSPs. Through this partner network, we enable SMB clients with limited IT resources to implement cybersecurity capabilities without significant infrastructure investment. Application Delivery Management (ADM) OpenText ADM focuses on helping clients re-engineer processes and adapt to complex requirements in order to deliver client and employee applications. Our cloud ready solutions are designed to accelerate the development of case and process-driven applications with low-code, drag-and-drop components, reusable building blocks and pre-built accelerators. OpenText ADM provides performance and functional testing, as well as application lifecycle management, with improved visibility across the application delivery process. In addition, the professional services team works with clients to simplify complex interactions among people, content, transactions and workflows across multiple systems of record to support a diverse range of use cases. Within applications automation, we help clients move workloads into the cloud by integrating client applications that operate on mainframes and other legacy infrastructures. From mainframe development tools to host connectivity, these products and solutions are designed to deliver value in a fast-paced and evolving IT landscape. Clients can innovate with lower risk, by transforming core business applications, processes, and infrastructure from mainframe to cloud. The ADM product category included the AMC business prior to the AMC Divestiture on May 1, 2024. During Fiscal 2024, the AMC business comprised approximately 45% of the ADM revenues. See Note 19 “Acquisitions and Divestitures” to our Consolidated Financial Statements for more details. Analytics OpenText Analytics products and solutions help organizations improve data strategy and data management through automation, high-speed data processing, visualization, and natural language capabilities. The Analytics portfolio includes data analytics, unstructured data analysis, and visualization capabilities that enable organizations to process and analyze data from multiple sources, generate insights, and apply those insights within business processes, workflows, and applications. These capabilities can be deployed as comprehensive, end-to-end analytics solutions or as API components embedded in other original equipment manufacturer (OEM) solutions. The Analytics product category included the eDOCS business prior to the eDOCS Divestiture (as defined below) on January 12, 2026, and the Vertica business prior to the Vertica Divestiture (as defined below) on May 11, 2026. During Fiscal 2026, the Vertica and eDOCS businesses comprised approximately 34% and 8%, respectively of Analytics. See Note 19 “Acquisitions and Divestitures” to our Consolidated Financial Statements for more details. OpenText Aviator and AI OpenText Aviator™ is a suite of business AI agents embedded across OpenText platforms, products, and solutions with enterprise-grade security, privacy, compliance, and data governance capabilities. Aviator agents operate as AI-powered assistants designed to support employees, automate knowledge-intensive tasks, and support more timely and informed business decisions. These capabilities are designed to enable the use of 9 Table of Contents proprietary data in public and private cloud environments, consistent with applicable enterprise governance requirements. By combining conversational AI, generative AI, predictive analytics, knowledge discovery, and workflow automation, Aviator agents use the secure data context layer to help clients search, summarize, analyze, generate, and act on enterprise data to deliver valuable outcomes and results. OpenText Revenues Our business consists of four revenue streams: cloud services and subscriptions, customer support, license and professional service and other. For information regarding our revenues by significant geographic area for Fiscal 2026, Fiscal 2025 and Fiscal 2024, see Note 20 “Segment Information” to the Consolidated Financial Statements included in this Annual Report on Form 10-K. Cloud Services and Subscriptions Cloud services and subscriptions revenues consist of (i) software as a service (SaaS) offerings, (ii) APIs and data services, and (iii) private cloud that includes hosted services and managed service arrangements. These offerings allow clients to transmit a variety of content between various mediums and to securely manage enterprise information without the commitment of investing in related hardware infrastructure. Cloud services and subscriptions revenue was the largest driver of growth in Fiscal 2026. Supported by a global, scalable and secure infrastructure, OpenText Cloud Editions includes a foundational platform of technology services, and packaged business applications for industry and business processes. Managed services provide an end-to-end fully outsourced B2B integration solution to clients, including program implementation, operational management and customer support. Customer Support The first year of our customer support offering is usually purchased by clients together with the license of our data management software products and solutions. Customer support is typically renewed on an annual basis and historically customer support revenues have been a significant portion of our total revenue. Through our customer support programs, clients receive access to software and security upgrades, a knowledge base, discussion boards, product information and an online mechanism to post and review “trouble tickets.” Additionally, our customer support teams handle questions on the use, configuration and functionality of OpenText products and solutions and help identify software issues, develop solutions and document enhancement requests for consideration in future product releases. License License revenues consist of fees earned from the licensing of software products and solutions to our clients. Our license revenues are impacted by the strength of general economic and industry conditions, the competitive strength of our software products and solutions, and our acquisitions. The decision by a client to license our software products often involves a comprehensive implementation process across the client’s network or networks and the licensing and implementation of our software products and solutions may entail a significant commitment of resources by prospective clients. Professional Service and Other We provide consulting and learning services to clients. Generally, these services relate to the implementation, training and integration of our licensed product offerings into the client’s systems. Our consulting services help clients build solutions that enable them to leverage their investments in our technology and in existing enterprise systems. The implementation of these services can range from simple modifications to meet specific departmental needs to enterprise applications that integrate with multiple existing systems. Our learning services consultants analyze our clients’ education and training needs, focusing on key learning outcomes and timelines, with a view to creating an appropriate education plan for the employees of our clients who work with our products and solutions. Education plans are designed to be flexible and can be applied to any phase of implementation: pilot, roll-out, upgrade or refresher. OpenText learning services employ a blended approach by combining mentoring, instructor-led courses, webinars, eLearning and focused workshops. 10 Table of Contents Marketing and Sales Clients Our client base consists of Global 10,000 organizations, enterprise companies, public sector agencies, mid-market companies, SMBs and direct consumers. Ecosystem Partners As part of reinvigorating our partner ecosystem, we are committed to working with the best regional system integrators and technology and service providers to co-develop, co-sell and co-service solutions for our clients. Together these partnerships help fulfill key market objectives to drive new business, establish a competitive advantage and create demonstrable business value. Our OpenText Partner Network offers partnerships across key categories: Global Systems Integrators, Regional System Integrators, Distributors, Cloud Service Providers, Telecommunication Service Providers, and Hyperscalers. This creates an extended organization that develops technologies, repeatable service offerings, and solutions designed to help clients maximize their investments in the OpenText portfolio. Through the OpenText Partner Network, we are extending market coverage, building stronger relationships and providing clients with a more complete local ecosystem of partners to meet their needs. Each distinct program is focused to provide valuable business benefits to the joint relationship. We have a number of important global partnerships that contribute to our success. These include the most prominent organizations in enterprise software, hardware and public cloud, collaborating with us to enhance the value of customer investments. They include: •SAP SE (SAP): We partner with SAP on content services and our content products are embedded in the SAP infrastructure. The OpenText Suite for SAP solutions provides key business content within the context of SAP business processes providing agentic workflows, enhanced efficiencies and better experiences for clients, employees and partners - accessible anywhere and anytime and available in the cloud and on-premise. As our clients move their enterprise resource planning to the cloud with SAP, we believe they can benefit from secure cloud archiving from OpenText to drive higher productivity. •Google Cloud: We work together with Google Cloud to innovate on AI and we deploy our data management solutions on the Google Cloud Platform. This includes a containerized application architecture for flexible cloud or hybrid deployment models. Deploying our solutions on the Google Cloud Platform allows our clients to scale their businesses to meet the cloud data sovereignty requirements globally. We offer our solutions as a managed service and selected products as a SaaS offering. •Amazon Web Services (AWS): We work with AWS to deploy our cloud solutions on AWS infrastructure to meet client demand. Our collaboration offers businesses the opportunity to consume our data management solutions as fully managed services on AWS for cost savings, increased performance, scalability and security. •Microsoft Corporation (Microsoft): For the enterprise market, we work together with Microsoft to innovate on integrated content solutions (now with AI), holistic cybersecurity solutions (particularly in threat detection and response), and in ADM with integrated tool sets for the developer. For the SMB market, we are one of Microsoft’s nine authorized Cloud Solutions Providers in the North American market. We sell joint solutions across Microsoft Office and Cybersecurity (SMB & Consumer) through partners to small and medium businesses. •Salesforce, Inc. (Salesforce): The company-to-company partnership between OpenText and Salesforce is focused on growing a full portfolio of data management solutions to complement the Salesforce ecosystem by uniting the structured and unstructured information experience. Global Systems Integrators (GSIs) provide clients with digital transformational services around many OpenText technologies, including AI. They are trained and certified on OpenText products and solutions and enhance the value of our offerings by providing technical credibility and complementary services to clients. Our GSIs include Accenture plc, Capgemini Technology Services SAS, Deloitte Consulting LLP, Hewlett Packard Enterprises and Tata Consultancy Services (TCS). Our partner program also enables MSPs, regional system integrators, distributors and network and security vendors to grow through cloud-based cybersecurity, threat intelligence and backup and recovery solutions aimed at 11 Table of Contents the SMB and consumer markets. We provide the industry-specific tools, services, training, integrations, certifications and platforms our partners need to ensure trust and reliability with their client base. The MSPs in our network provide a key go-to-market channel as MSPs act as intermediaries between the solutions vendors like OpenText and the SMB market. An MSP specializes in their local market and provides managed services to their clients. International Markets We provide our product offerings worldwide. Our geographic coverage allows us to draw on business and technical expertise from a geographically diverse workforce, providing greater stability to our operations and revenue streams by diversifying our portfolio to better mitigate the risks of a single geographically focused business. There are inherent risks to conducting operations internationally. For more information about these risks, see “Risk Factors” included in Item 1A of this Annual Report on Form 10-K. Competition We operate in a highly competitive environment, subject to rapid technological change and shifting client needs and economic pressures. We operate across many different distinct market categories, each of which includes well-established and specialized competitors. We compete with large enterprise technology providers, including International Business Machines Corporation (IBM), Microsoft Corporation (Microsoft), Oracle Corporation (Oracle) and ServiceNow, Inc. (ServiceNow), as well as with specialized software vendors such as Box, Inc., Hyland Software, Inc., Atlassian Corporation, Gen Digital Inc. and Adobe Inc. In certain markets, OpenText competes with Microsoft, who is also our partner. We also face competition from systems integrators that configure hardware and software into customized systems. As enterprises increasingly adopt artificial intelligence and agentic technologies, competition has expanded beyond traditional data management vendors. We increasingly compete with large platform providers extending into enterprise AI and agentic workflows including Microsoft and ServiceNow. We also compete with specialized enterprise AI and knowledge-platform providers and they are often evaluated alongside traditional data management, content management, automation, and workflow offerings. New competitors, emerging technologies, and strategic alliances among existing market participants may also impact competitive dynamics and market share. We expect competition to continue to increase as a result of ongoing software industry consolidation and the continued adoption of cloud, AI and automation technologies. We believe that certain competitive factors affect the market for our software products and services, which may include: (i) vendor and product reputation; (ii) product quality, performance and price; (iii) the availability of software products on multiple platforms; (iv) product scalability; (v) product integration with other enterprise applications; (vi) software functionality and features; (vii) software ease of use; (viii) the quality of professional services, client support services and training; and (ix) the ability to address specific client business problems. We believe the relative importance of each of these factors depends upon the concerns and needs of each specific client. Research and Development The industry in which we compete is subject to rapid technological developments, evolving industry standards, changes in client requirements and competitive new products and features. As a result, our success, in part, depends on our ability to continually enhance our existing products in a timely and efficient manner and to develop and introduce new products that meet client needs while reducing total cost of ownership. We are committed to advancing our product portfolio through increased investment in research and development activities, with a focus on Content, Business Network, AI, and cloud services products and solutions that reinforce our role as the data foundation for trusted AI. 12 Table of Contents Our product strategy will rely on five pillars: •Business AI - Roadmaps driven by AI strategies •Business Clouds - Secure and connected data management •Business Technology - Via data cloud and enhanced cloud platforms •Business & Consumer Security - Enhancing security for all our clients and products •Product Integration - Deepening the integration of our cybersecurity products into Content Cloud and Business Network Cloud products. Our R&D expenses were $647.7 million for Fiscal 2026, $755.9 million for Fiscal 2025 and $864.5 million for Fiscal 2024. We believe our spending on R&D is an appropriate balance between managing our organic growth and results of operations. Acquisitions and Divestitures During the Last Five Fiscal Years We regularly evaluate acquisition and divestiture opportunities within the data management market and at any time may be in various stages of discussions with respect to such opportunities. Below is a summary of certain significant acquisitions and divestitures we have made over the last five fiscal years. •On May 11, 2026, we completed the divestiture of our Vertica business (Vertica), a part of our Analytics product category, to Rocket Software, Inc. (Rocket Software) for $150.0 million in cash before taxes, fees and other adjustments (the Vertica Divestiture). •On January 12, 2026, we completed the divestiture of our eDOCS business (eDOCS), a part of our Analytics product category, to NetDocuments Software, Inc. (NetDocuments) for $163.0 million in cash before taxes, fees and other adjustments (the eDOCS Divestiture). •On May 1, 2024, we completed the divestiture of our Application Modernization and Connectivity (AMC) business to Rocket Software for $2.275 billion in cash before taxes, fees and other adjustments (the AMC Divestiture). •On January 31, 2023, we completed the acquisition of all of the outstanding ordinary shares of Micro Focus International Limited, formerly Micro Focus International plc (Micro Focus), a leading provider of mission-critical software technology and services that help clients accelerate digital transformations, for $6.2 billion (the Micro Focus Acquisition), inclusive of Micro Focus’ cash and repayment of Micro Focus’ outstanding indebtedness. •On December 23, 2021, we acquired Zix Corporation, a leader in SaaS based email encryption, threat protection and compliance cloud solutions for SMBs, for $894.5 million. •On November 24, 2021, we acquired all of the equity interest in Bricata Inc. for $17.8 million. We believe in a programmatic approach to growth through tuck-in acquisitions that align with our strategic priorities. We expect to carry out programmatic divestitures, when such a strategy presents the best opportunity to monetize long-term returns for mature products. We will remain flexible and aim to allocate our capital accordingly to the highest return scenario. Intellectual Property Rights Our success and ability to compete depends in part on our ability to develop, protect and maintain our intellectual property and proprietary technology and to operate without infringing on the proprietary rights of others. Our software products are generally licensed to our clients on a non-exclusive basis for internal use in a client’s organization. We also grant rights to our intellectual property to third parties that allow them to market certain of our products on a non-exclusive or limited-scope exclusive basis for a particular application of the product(s) or to a particular geographic area. We rely on a combination of copyright, patent, trademark and trade secret laws, non-disclosure agreements and other contractual provisions to establish and maintain our proprietary rights. We have obtained or applied for trademark registration for corporate and strategic product names in selected major markets. We have a number of U.S. and foreign patents and pending applications, including patents and rights to patent applications acquired through strategic transactions, which relate to various aspects of our products and technology. The duration of our patents is determined by the laws of the country of issuance and is typically 20 years from the date of filing of the patent application resulting in the patent. From time to time, we may enforce our intellectual property rights through 13 Table of Contents litigation in line with our strategic and business objectives. While we believe our intellectual property is valuable and our ability to maintain and protect our intellectual property rights is important to our success, we also believe that our business as a whole is not materially dependent on any particular patent, trademark, license, or other intellectual property right. For more information on the risks related to our intellectual property rights, see “Risk Factors” included in Item 1A of this Annual Report on Form 10-K. Human Capital Our Global Footprint Our ability to attract, retain and engage a highly skilled workforce committed to innovation, operational excellence and the OpenText mission and values across our global footprint is a cornerstone to our success. As of June 30, 2026, we had approximately 19,900 employees, of which approximately 6,900 or 35% are in the Americas, 4,600 or 23% are in EMEA (as defined below) and 8,400 or 42% are in Asia Pacific. Currently, we have employees in 42 countries enabling strong access to multiple talent pools while ensuring reach and proximity to our clients. See “Results of Operations” included in Item 7 of this Annual Report on Form 10-K for our definitions of geographic regions. The approximate composition of our employee base is as follows: (i) 3,900 employees in sales and marketing, (ii) 6,400 employees in product development, (iii) 3,700 employees in cloud services, (iv) 1,500 employees in professional services, (v) 1,700 employees in customer support and (vi) 2,700 employees in general and administrative roles. We believe that relations with our employees are strong. In certain jurisdictions, where it is customary to do so, a “Workers’ Council” or professional union represents our employees. Employee Engagement, Culture and Values We have high voluntary employee retention levels, and we actively monitor attrition to ensure we retain our key talent. We also regularly conduct employee research to understand perceptions in the areas of engagement, company strategy, company mission, personal impact, manager effectiveness, recognition, career development and values. Participation level and engagement have remained high. Additional surveys and listening, including feedback from new hires through onboarding surveys, inform our communication and engagement plan to ensure we create meaningful experiences and support higher productivity and engagement. Our organizational culture is rooted in the OpenText Way — the business values that guide how we operate. We know that Great People make Great Software. Great people write great software through design that is oriented on their Values: (1) Puts clients first; (2) Tackles challenges head on; (3) Innovates; (4) Helps teams succeed; (5) Cares about people; and (6) Acts ethically. Our human resource programs and how we operate are informed by these values. Governance and Impact We are committed to our role as a responsible corporate citizen, actively making a difference in the communities where our employees live and work through meaningful community impact and volunteer efforts. We focus on delivering the greatest value and impact while complying with all regulatory requirements. Our charitable giving program ensures we direct our resources to maximize impact. We have adopted the UN Sustainable Development Goals framework to guide our charitable efforts. We provide employees with three paid days off to volunteer to support causes that matter most to them and we match many employee fundraising efforts globally on an annual basis. To operate long-term, we need to ensure that our local communities and the natural environment are thriving. We are committed to mitigating any adverse environmental impacts of our business activities, which at a minimum means abiding by all environmental laws, regulations and standards that apply to us. Our Environmental Policy articulates our commitment to measuring and managing our environmental impact. Our Corporate Citizenship governance framework sets a structured approach to pursuing and managing activities to advance our initiatives across the Company. 14 Table of Contents See “Increasing corporate citizenship expectations, regulatory complexity, and disclosure obligations may negatively impact our business, financial performance, and reputation” in Part I, Item 1A “Risk Factors” included elsewhere within this Annual Report on Form 10-K. Compensation and Benefits Our compensation philosophy is based on a set of principles that align with business strategy, reflect business and individual performance levels, consider market conditions to ensure competitiveness, demonstrate internal pay equity for similar roles and reflect the impact that economic conditions have on pay programs. Our compensation and benefit programs are regularly reviewed through an executive-sponsored governance process. Across the Company, we offer a wide variety of retirement and group benefits including medical, life and disability, which are designed to protect employees and their dependents against financial hardship due to illness or injury. Programs are designed to recognize the global breadth of our work force and a range of well-being needs. We also have regional Employee Assistance Programs in many countries that provide 24/7 confidential counselling, support and access to resources for employees and their families. The OpenText Employee Stock Purchase Plan (ESPP) is a global benefit program that allows all eligible employees to purchase OpenText shares at a 15% discount and provides the opportunity for employees to strengthen their ownership in the Company while enjoying the benefits of potential share price appreciation. Merit-based performance management is a cornerstone of our goals. Year-end reviews and rewards are directly tied to the performance goals that employees achieve throughout the year. Our pay programs are carefully designed and governed, from hiring practices to consistency in progression rates based on performance. In designing variable pay for performance awards, we focus only on measurable outcomes rather than subjective measures. This ensures consistent growth opportunities and awards tied to business results. Employee Education, Training and Compliance We know that employees join OpenText for continuous learning, experience and credentials to shape their careers. Our strategies focus on ensuring strong technical credentials, building capabilities, new skills sets and a high duty of care in ensuring ethical, secure and compliant practices. All employees have internal access to certification on OpenText and partner products, in-house training programs, mentorship, and individual development plans. Leaders and managers play a key role in the engagement of employees. From a focus on high quality interviewing and onboarding of new hires to the importance of career development planning, we foster a culture and value proposition of career development. Internal applications to job postings are highly encouraged. Our annual Career Week event focuses on career development planning and honing manager skills in developing teams. We offer an annual education reimbursement program to all employees globally. This program aligns with our commitment to support internal development, equal opportunity and mobility across all of our geographies, regardless of an employee’s role, function or location. We have designed the education reimbursement program to meet the needs of all personalized development goals through programs that range from technical to business skills. As part of our commitment to the highest standards of conduct, all employees and contractors participate in an annual formal Compliance and Data Security Training, including Code of Business Conduct and Ethics (Ethics Code), Responsible Business Practices, Data Protection, Responsible use of AI, Global Data Privacy Practices, Protecting Information and Preventing Sexual Harassment Training. These compliance programs ensure that we operate our business with integrity, following standard business ethics across the globe. Available Information OpenText Corporation was incorporated on June 26, 1991. Our principal office is located at 275 Frank Tompa Drive, Waterloo, Ontario, Canada N2L 0A1, and our telephone number at that location is (519) 888-7111. Open Text Inc. serves as the Company’s agent for service of process in the United States at 1800 South Novell Place, Provo, Utah, 84606, USA, telephone number (801) 861-7000. Our internet address is www.opentext.com. Our website is included in this Annual Report on Form 10-K as an inactive textual reference only. Except for the documents specifically incorporated by reference into this Annual Report, information contained on our website is not incorporated by reference in this Annual Report on Form 10-K and should not be considered to be a part of this Annual Report. 15 Table of Contents Access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to these reports filed with or furnished to the SEC may be obtained free of charge through the Investors section of our website at investors.opentext.com as soon as is reasonably practical after we electronically file or furnish these reports. In addition, our filings with the SEC may be accessed through the SEC’s website at www.sec.gov and our filings with the Canadian Securities Administrators (CSA) may be accessed through the CSA’s System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca. The SEC and SEDAR+ websites are included in this Annual Report on Form 10-K as inactive textual references only. Except for the documents specifically incorporated by reference into this Annual Report, information contained on the SEC or SEDAR+ websites is not incorporated by reference in this Annual Report on Form 10-K and should not be considered to be a part of this Annual Report. All statements made in any of our securities filings, including all forward-looking statements or information, are made as of the date of the document in which the statement is included, and we do not assume or undertake any obligation to update any of those statements or documents unless we are required to do so by applicable law. Investors should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company’s or our CEO’s blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, investors should monitor such channels in addition to our other forms of communication. Unless otherwise specified, such information is not incorporated into, or deemed to be a part of, our Annual Report on Form 10-K or in any other report or document we file with the SEC under the Securities Act, the Exchange Act or under applicable Canadian securities laws.