Earnings release
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 26 October 2026 ASX RELEASE QUARTERLY ACTIVITY REPORT & APPENDIX 4C FOR THE QUARTER ENDED 30 SEPTEMBER 2026 The consolidated entity, consisting of Electro Optic Systems Holdings Limited and the entities it controlled during the quarter, (“EOS” or the “ Group”) has filed its Appendix 4C and provides the following update on its activities for the quarter ended 30 September 2026. HIGHLIGHTS → Available cash at 30 September 2026 was $133m, a decrease of $123m from 30 June 2026. The decrease arose mainly due to investment in temporary working capital and in cash security deposits for bank guarantees, both related to MARSS contracts. More details are included at page 4 below. → As at 23 October 2026, following cash receipts arising on MARSS contracts in the Middle East, the available cash was $204m. → In addition to available cash, EOS had a further $30m of available funding from undrawn debt facilities at 30 September 2026 and 23 October 2026. → Not included in the cash balance above, at 30 September 2026, EOS ha d a further $147m of cash security deposits held with banks to support bank guarantees and bonds. → The Order Book at 30 September was $717m (a 56% increase from 31 December 2025). → After the end of the quarter, EOS announced that it had entered into a conditional contract with Kuwait for the provision of a nation -wide counter -drone defence system valued at £370m (approximately A$700m). Including this contract, EOS’ combined total Order Book1 is over A$1.4bn → EOS has secured a Letter of Intent with the Netherlands Ministry of Defence in relation to EOS’ Apollo High Energy Laser Weapon technology, including for work on pathways to a fully operational weapon system and a potential future production facility in the Netherlands. → EOS has made further investments in growth, including the appointment of a new EVP Corporate Strategy, Nicolas Chamussy, (most recently CEO of KNDS France) to support global growth. MARSS NiDAR C2 provides hemispherical protection Example counter-drone kinetic interceptor 1 Excluding conditional Goldrone Korea contract, see page 2.
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 KEY ACTIVITIES MARKET AND BUSINESS DEVELOPMENT ACTIVITY → During the quarter, conflicts continued, particularly in Europe in the Middle East. These conflicts have continued to drive market need and customer enquiry, particularly for counter-drone products. → EOS held several meetings with current and potential new customers in the UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, Jordan and other countries. Many discussions focussed on counter-drone nationwide and critical infrastructure protection requirements. → Customer discussions continued with the Netherlands Ministry of Defence regarding follow-on opportunities under the ongoing 100kW High Energy Laser Weapon (“HELW”) contract (previously announced on 5 August 2025). → In September, EOS announced that it had signed a Letter of Intent with the Netherlands Ministry of Defence relating to EOS’ Apollo HELW technology. Under the letter of intent, the Netherlands Ministry of Defence and EOS will explor e pathways for (1) Apollo to become a fully operational weapon system for the Netherlands , and (2) the opportunity to establish a production facility in the Netherlands, supported by a Dutch-led European supply chain. → During the quarter, EOS continued discussions with UAE -based Generation 5 to further advance our JV to develop a 200-300kW HELW product and to manufacture a 100-150kW HELW in the UAE. Full details were previously announced on 19 June 2026. → In September, in the United States, EOS’ R400 Remote Weapon System (“RWS”) was listed on the US Joint Interagency Task Force (JIATF) 401 Counter -UAS Marketplace. The marketplace provides an additional pathway for US Government and participating allied customers to evaluate and procure the system as part of their counter-drone capability requirements. → In September, E OS signed a MOU with Mahindra Defence Ltd for partnership in High Energy Laser systems and R400 CUAV applications for the Indian market. → During the quarter, EOS continued reviewing the Korean HEL W market. This included discussions with Goldrone in relation to the conditional US$80m contract to manufacture and supply a 100kW HELW, (as initially announced on 15 December 2025 ). As previously announced, EOS believes that satisfaction of the conditions under the Goldrone contact have been delayed and could be finalised in 2027. → In EOS Space Systems, market development activities continued, including demonstrations of the Atlas Space Control product range for potential international customers. Work also continued on the development of a mobile demonstration capability, planned for demonstration in Europe in 2027. → There is no guarantee that any of the above opportunities will be realised in the form of binding sales contracts or any guarantee regarding the timing of revenue recognition and cash flows that may ultimately arise, if any. CUSTOMER ORDER ACTIVITY → EOS Defence Systems secured a ~A$23m order for its Naval R400 RWS, to be supplied to a new customer based in the Middle East (as announced on 2 July 2026). → During the quarter, EOS’ US business received orders totalling US$15m (A$22m ) for a range of RWS products and product development work mainly for large established US defence contractors . → EOS MARSS secured an £8m (~A$15m) order for an existing customer in the Middle East to supply a new counter-drone command and training centre (as announced on 2 July 2026). → EOS MARSS secured a ~ A$8m contract with a new customer in the Middle East for an integrated counter-drone system with MARSS’ NiDAR at its core (as announced on 27 July 2026). → After the quarter end, EOS Space Systems secured a new A$9.5m contract with the Australian Space and Cyber Capability Development Branch (VCDF Group) for the development of advanced space - related systems, further strengthening the Group's position as a provider of Australian sovereign space technologies and services.
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 → After the end of the quarter, o n 9 and 12 October 2026, EOS announced that it had entered into a conditional contract with the government of Kuwait (“Kuwait Cont ract”). The contract is for the provision of a nation-wide counter-drone defence system valued at £370m (approximately A$700m). The contract will involve the deployment of an integrated counter -drone system utilising MARSS' NiDAR command -and-control technology, with EOS acting as the prime contractor and systems integrator. → The Kuwait Contract remains subject to the satisfaction of certain conditions, including the provision by EOS of a £74m (~A$150m) advance payment guarantee and receipt of the corresponding customer advance payment (also £74m or ~A$150m). In addition, the conditions include that EOS obtains relevant export licences for various components of the system within two months following receipt of necessary documentation from the customer. A performance bond guarantee of £37.1m (~A$70.4m), was provided to the customer by EOS and this was secured by a cash deposit payment of £40.3m (~A$76.5m), during the quarter ended 30 September 2026. Other important terms and conditions were announced on 9 October 2026. → EOS is currently in discussions with the Kuwait Contract customer which could lead to (1) changes in contract terms (including the amendment of the £74m (~A$150m) advance payment and related bank guarantee obligation), (2) changes in the timing of export licencing for components , and/or (3) the formalisation of the contract as unconditional. There is no certainty as to whether these discussions will lead to a binding contractual amendment; or as to when, or whether, the outstanding conditions will be satisfied. In the event that amendments are secured, EOS will update the market. ORDER BOOK → The Order Book at 30 September 2026 was $7 17m, representing a $2 59m or 56% increase from 31 December 2025. This order book does not include the conditional Kuwait contract which was signed after the end of the quarter on 9 October. MANUFACTURING AND DELIVERY ACTIVITY → In EOS Defence Systems in Australia and the United States the Group continued the manufacture and delivery of RWS for customers in the United States, Europe, the Middle East, South East Asia and Australia. → In addition, EOS continued work at the Singapore HELW manufacturing facility on the 100kW HELW project for the Netherlands Ministry of Defence. → In MARSS, work continued regarding the procurement of key OEM components (including optical sensors, radars and missiles) and the delivery of these to customer sites in the Middle East. → EOS Space Systems progressed project delivery across both its Australian and New Zealand operations. To support future growth and delivery, Space Systems invested in setting up a development and manufacturing facility for ATLAS products, enhancing its capacity to design, manufacture and deliver advanced space systems for Space Control. REVENUE AND OUTLOOK → EOS announce d on 25 August 2026 the expected 2026 full year revenue for the EOS business (including MARSS) to be $360m - $400m. If secured, this would represent a record annual revenue for EOS. No change to this outlook has arisen as at the date of this report. → The revenue outlook assumes that there is no unforeseen significant deteriorations in global supply chains or other factors that could impact EOS production activity, delivery to customers or other factors that impact revenue recognition by EOS. MARSS ACQUISITION UPDATE → In August 2026, the first tranche of the MARSS acquisition earn-out was completed, with €120.3m of qualifying orders received, resulting in earn -out consideration of €24. 1m. Of this, €23.9m is expected to be settled in the coming weeks through the vesting of performance rights into EOS shares and the remaining €0.2m was settled in cash during the quarter.
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 4 MANAGEMENT CHANGES – INVESTMENT IN GROWTH → During September 2026, EOS appointed Nicolas Chamussy to the role of EVP Corporate Strategy , based in Europe. The Group believes there are substantial market growth opportunities continuing to emerge and has added Nicolas’ capability to help maximise future growth. → Nicolas has over 30 years of experience leading large, complex organisations across government, Airbus and KNDS, managing multi-billion-euro businesses and workforces of up to 5,000 employees. Nicolas was most recently CEO of KNDS France where his responsibilities included maximising European growth. FINANCIAL SUMMARY EOS’ available (i.e. unrestricted) cash holdings at 30 September 2026 was $133.1m, representing a $122.9m decrease from the unrestricted cash holdings at 30 June 2026. The decrease was primarily driven by: → Operational cash outflows (particularly relating to investment in temporary working capital on MARSS contracts) . After the end of the quarter, this investment was recovered by cash receipts arising on contracts in the Middle East. → Investment of $80 .0m in cash security deposits for bank guarantees (also p rimarily relating to MARSS contracts); and → Partially offset by the receipt of $30 .0m proceeds from the Strategic Placement, following the issuance of shares in July 2026. Each of these are detailed below. After the end of the quarter, the available cash as at 23 October 2026 was $204.0m, an increase of $70.9m on the position at 30 September 2026. In addition to the above unrestricted cash holdings, at 30 September 2026, the Group had a further $147.1m of cash security deposits held with banks to support bank guarantees and bonds , representing a $ 76.9m increase from 30 June 2026. The Group has received positive indications of support from entities representing the Australian Government and the UK Government and is in discussion with these entities and group funding providers with a view to reducing the level of cash security deposits required to be held in relation to certain bank guarantees and bonds. At 30 September 2026, the Group's total cash holdings, including cash security deposits, were $280.2m . OPERATING CASH FLOWS The Net Cash outflow from Operating Activities for the quarter was $57.2m, compared to a Net Cash outflow of $17.6m in Q2 2026. Receipts from customers totalled $159.1m for the quarter, representing an increase of $92.8m compared to Q2 2026. The increase reflects higher cash collections from customer contracts during the quarter. As noted above, as at 30 September 2026 the unconditional contract backlog was $717m. This order book does not include the conditional Kuwait contract which was signed after the end of the quarter on 9 October. The order book of $717m represents a 56% increase on the position at the start of the year. EOS expects in future to benefit from cash receipts arising from this growth in order book. Other cash flows from operating activities (excluding cash receipts from customers) amounted to net payments of $216.0m during the quarter, compared to $83.9m in Q2 2026. The increase primarily reflects higher payments for product manufacturing and operati ng costs of $15 7.0m, compared to $37.4m in Q2 2026. This included a large payment to a MARSS supplier to support a key customer delivery in Q4 2026 (and related customer cash collection); higher manufacturing activity levels and investment in long-lead inventory items to support future customer deliveries. Other payments included $32.4m for staff costs and $19.6m for administration and corporate costs. Both of these increased due to higher activity levels.
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 5 Payments made during the quarter supported both current and future customer deliveries and associated customer cash receipts. OTHER CASH FLOWS The Net Cash outflow f rom Investing Activities for the quarter was $94.3m, compared to an outflow of $85.6m in Q2 2026. The outflow primarily reflects $80.0m of payments for cash security deposits supporting bank guarantees and bonds issued for customer contracts . This included a £40.3m ( ~A$76.5m) cash security deposit provided in August 2026 to support a performance bond guarantee in connection with MARSS Kuwait Contract (see details above, and as announced on 9 and 12 October 2026.) Investing outflows also included $1 3.3m fo r property, plant and equipment and intangibles, (including customer-funded investment) $0.3m for the MARSS acquisition earn -out payment to a shareholder who elected to receive the consideration in cash, and $0.6m for acquisition -related transaction costs. The Net Cash inflow from Financing Activities for the quarter was $27.9m, compared to an inflow of $263.8m in Q2 2026. Financing cash inflows included the remaining $30.0m proceeds from the Strategic Placement received in July 2026 and $0.04m from the exercise of share options. These inflows were partially offset by $0.8m of share issue transaction costs and $1.3m in repayments of lease liabilities. ISSUANCE OF EQUITY SECURITIES During the quarter, EOS issued 5,000,000 fully paid ordinary shares at $8.00 per share under the $40.0m Strategic Placement, following shareholder approval at the Extraordinary General Meeting held on 26 June 2026. Of the total proceeds, $10.0m was received before 30 June 2026, with the remaining $30.0m received in July 2026. Cash receipts of $ 39,000 arose during the quarter from the issuance of equity securities, representing receipts from the exercise of share options issued under EOS Omnibus Employee Incentive Plan (‘OEIP’). Under the agreement to acquire MARSS, as noted above tranche 1 of the earn-out was completed during the quarter, with the vendors electing to receive €23.9m in EOS shares at a value of €4.25 (A$7.40) , or approximately 5.6m EOS shares. The relevant shares are expected to be issued to the vendors in the coming weeks and are subject to the usual restrictions under the EOS’s Securities Trading Policy. Further shares may be earned by the MARSS vendors in tranche 2 and tranche 3 of the earn-out. Full details of the earn-out were announced on 15 May 2026. RELATED PARTY TRANSACTIONS Payments to related parties of the entity and their associates totalled $472,321 for the quarter. These amounts include: → payments of $ 175,654 paid to the Managing Director & CEO, Dr Schwer, representing salary paid during the quarter; and → $296,667 paid in directors’ fees and superannuation to non-executive directors and entities associated with non-executive directors during the quarter.
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 6 OTHER MATTERS → As part of its contracts to supply a customer in the Middle East, the Group is obligated to contribute to economic development in the country as an offset against purchases of its products and services. Full details are included in the Half Year Financial Report for the half -year ended 30 June 2026 (lodged on 25 August 2026). During the quarter, in accordance with the relevant approvals from the offset authority, EOS continued to progress the formal establishment of a JV entity with Shielders Advanced Industries that is intended to generate offset credits once operational. EOS has until 1 July 2033 to generate the required offset credits. EOS considers that it is currently in compliance with its obligations. → As previously announced, during June 2026 ASIC commenced an investigation in connection with the contract between EOS and Goldrone and the announcements of 15 December 2025, 10 February 2026 and 12 March 2026. The Company is continuing to cooperate with ASIC. This announcement has been authorised for release to the ASX by the Board of Directors. All amounts are in Australian dollars unless stated. Further information: DR ANDREAS SCHWER Managing Director and Chief Executive Officer ir@eos-aus.com EOS INVESTOR HUB Questions relating to this announcement can be posted on our Investor Hub at the link below: https://investorhub.eos-aus.com/link/P4Npqe
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 7 ABOUT ELECTRO OPTIC SYSTEMS (ASX: EOS) EOS currently operates in two divisions DEFENCE SYSTEMS Defence Systems specialises in technology for weapon systems optimisation and integration, as well as ISR (Intelligence, Surveillance and Reconnaissance) and C4 systems for land warfare. Its key products include next-generation remote weapon systems, vehicle turrets, high -energy laser weapons (directed energy), fully integrated and modular counter-drone and C2 and C4 systems. C2 Systems include Command and Control Systems such as MARSS’ software -led counter -drone and critical infrastructure protection capabilities, centred on the NiDAR platform. SPACE SYSTEMS Space Systems specialises in applying EOS -developed optical sensors and effectors to detect, track and characterise objects in space. It includes capabilities in the domain of space domain awareness, space control and in the design, manufacture and deployment of telescopes, high energy lasers, and observatory equipment. EOS CUSTOMER IDENTITIES EOS deals with a number of customers in the defence and security industries and in some instances has not disclosed the identity of all of these customers in this announcement. EOS confirms that: → it does not consider the identity of such customers to be information that a reasonable person would expect to have a material effect on the price or value of EOS securities; and → this announcement contain s all material information relevant to assessing the impact of the matters referred to in this announcement on the price or value of EOS securities and is not misleading by omission. FORWARD LOOKING STATEMENTS This announcement may contain certain "forward -looking statements" including statements regarding EOS' intent, belief or current expectations with respect to EOS' business and operations, market conditions, results of operations, financial condition, and risk management practices. The words "likely", "expect", "aim", "should", "could", "may", "anticipate", "predict", "believe", "plan" and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings, financial position and performance, establishment costs and capital requirements are also forward-looking statements. Forward-looking statements including projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. This announcement may contain such statements that are subject to risk factors associated with an investment in EOS. Forward - looking statements involve known and unknown risks, uncertainties and assumptions and other important factors that could cause the actual results, performances or achievements of EOS to be materially different from future results, performances or achieveme nts expressed or implied by such statements. Readers are cautioned not to place undue r eliance on these forward -looking statements, which speak only as of the date of this announcement.
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Name of entity ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED ABN Quarter ended (“current quarter”) 95 092 708 364 30 September 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (9 months) $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 159,055 297,939 1.2 Payments for - - research and development (3,070) (8,893) product manufacturing and operating costs (156,961) (228,975) advertising and marketing (2,573) (5,191) leased assets - - staff costs (32,386) (75,516) administration and corporate costs (19,637) (46,809) 1.3 Dividends received (see note 3) - - 1.4 Interest received 1,893 9,099 1.5 Interest and other costs of finance paid (3,220) (6,558) 1.6 Income taxes paid (320) (465) 1.7 Government grants and tax incentives 2 12 1.8 Other (provide details if material) - - 1.9 Net cash (used in) operating activities (57,217) (65,357)
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) businesses (323) (51,505) (c) property, plant and equipment (12,596) (29,332) (d) investments - - (e) intellectual property (723) (5,103) (f) other non-current assets - - (g) term deposits - - 2.2 Proceeds from disposal / maturity of - (a) entities - - (b) businesses - - (c) property, plant and equipment 7 21 (d) investments - - (e) intellectual property - - (f) other non-current assets - - (g) term deposits - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Security Deposits (79,997) (108,921) 2.6 Transaction costs arising from obtaining of business (606) (6,578) 2.7 Net cash (used in) investing activities (94,238) (201,418)
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 3 Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 30,000 230,001 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options 39 1,236 3.4 Transaction costs related to issues of equity securities or convertible debt securities (796) (5,216) 3.5 Proceeds from borrowings - 70,000 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - (1,700) 3.8 Dividends paid - - 3.9 Repayment of lease liabilities (1,341) (3,940) 3.10 Net cash from financing activities 27,902 290,381 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 256,025 106,916 4.2 Net cash from / (used in) operating activities (item 1.9 above) (57,217) (65,357) 4.3 Net cash from / (used in) investing activities (item 2.7 above) (94,238) (201,418) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 27,902 290,381 4.5 Effect of movement in exchange rates on cash held 582 2,532 4.6 Cash and cash equivalents at end of period 133,054 133,054
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 4 Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 133,054 256,025 5.2 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Note Cash and cash equivalents at end of quarter (should equal item 4.6 above) Not included in the cash figure above are: • Current and non -current cash security deposits securing performance bonds, premises and guarantees. 133,054 147,104 256,025 70,195 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 472 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - These amounts included in item 6.1 relate to salary payments to the executive director during the quarter and payments for directors’ fees and superannuation to non -executive directors and entities associated with non-executive directors during the quarter. 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities 100,000 70,000 7.2 Credit standby arrangements - - 7.3 Other – Export Finance Australia 48,082 48,082 Other – Westpac 98,200 98,200 Other – Citibank 1,689 1,689 7.4 Total financing facilities 247,971 217,971 7.5 Unused financing facilities available at quarter end 30,000
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 5 Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 7.6 Export Finance Australia Bond Facility: • The Group maintains a warr anty bond in respect of a contract in Defence Systems of US$16.0m (A$22.9m). The warranty bond was provided by Export Finance Australia under a Bond Facility Agreement and is secured by a cash Security Deposit of US$5.6m (A$8.0m) and a fixed and floating charge over the assets of the Group. The costs of this facility are included in Item 1.5 as other costs of finance paid. • Under the terms of certain Defence Systems contracts, the Group has an offset agreement with the relevant overseas Government Authority for an amount of US$ 17.5m (A$25.2m). The offset bond was provided by Export Finance Australia under the bond facility agreement noted above and is secured by cash security deposit of US$17.5m (A$25.2m) and a fixed and floating charge over the assets of the Group. The costs of th e offset bond are included in Item 1.5 as other costs of finance paid. • The Group continues to be required to comply with covenants under facility agreements with Export Finance Australia , including guarantee facilities . The Group complied with these requirements during the quarter and at the date of this announcement. Other Facilities • On 14 January 2026, the Group entered into an agreement with Westpac Banking Corporation (‘Westpac”) to issue a A$10.8m bank guarantee to a customer in Australia. The bank guarantee was fully secured by cash deposits. The guarantee amount, together with the required cash security, is expected to reduce progressively in future as key contractual milestones are achieved during the contract period. • As previously announced, u nder the terms of a Defence Systems contract, the Group is required to provide a repayment bond of varying amounts up to €21m (A$30m), during the contract to cover funds received in advance from the customer. At 30 September 2026, a repayment bond of €10.5m (A$17.0m), was in place with Westpac and was fully secured by cash deposits. The bond value reduces pro gressively as key contract milestones are achieved during the contract period. • On 12 August 2026, the Group provided a performance bond guarantee of £37.1m (A$70.4m) with Westpac to a prospective government customer in the Middle East in connection with a proposed new contract. The guarantee is secured by a cash security deposit of £40.3m (A$76.5m). The related contract was subsequently signed on 9 October 2026 and remains subject to certain conditions before performance can commence. • On 2 March 2026, EOS announced that it had finalised a $100m two-year secured term loan facility with Washington H. Soul Pattinson and Company Limited (“Soul Patts”). On 15 May 2026, EOS drew down $70m from this $100m facility. At 30 September 2026, and as at the date of this report, a further $30m remains available for drawdown until 28 November 2026 under the facility.
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ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 6 Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (57,217) 8.2 Cash and cash equivalents at quarter end (item 4.6) 133,054 8.3 Unused finance facilities available at quarter end (item 7.5) 30,000 8.4 Total available funding (item 8.2 + item 8.3) 163,054 8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1) 2.8 n/a because net cash from operating activities was positive. 8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions: 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? n/a 8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? n/a 8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? n/a Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Date: 26 October 2026 Authorised by the Board of Directors.