Announcement PDF 30 October 2025 ASX ANNOUNCEMENT – ANNUAL GENERAL MEETING PRESENTATIONS In accordance with the ASX Listing Rules, the Chairman’s and CEO addresses and presentations to the 2025 Annual General Meeting (“AGM”), are appended. This announcement has been approved for release by the Board of Directors. Kim Larkin Company Secretary Ph: 0448 690 364 About Ava Risk Group Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and infrastructure. It operates three business segments – Detect, Access and Illuminate. The Detect segment manufactures and markets ‘smart’ fibre optic sensing systems for security and condition monitoring for a range of applications including perimeters, pipelines, conveyors, power cables and data networks. Access is a specialist in the development, manufacture and supply of high security biometric readers, security access control and electronic locking products. Illumination specialises in the development and manufacture of illuminators, ANPR cameras and perimeter detectors. Ava Risk Group products and services are trusted by some of the most security conscious commercial, industrial, military and government clients in the world. www.avariskgroup.com 2 CHAIRMAN’S ADDRESS I will start by updating shareholders on the progress made during FY2025 in positioning our Company as a global leader in sensing and risk management technology. The Group CEO Mal Maginnis will then provide further insight on the Company’s performance and our plan to grow revenue and earnings. Technology is at the core of our growth strategy. Our Detect segment performed strongly, underpinned by further investment in Aura Ai-X — our market-leading fibre optic sensing solution. We expanded Aura Ai-X’s applications to serve the telecommunications sector and developed solutions for shorter perimeter deployments in our traditional detection market. A highlight was the successful deployment of Aura Ai-X to a Telstra subsea cable in Q4 FY25, demonstrating the significant opportunities in telecommunications, a key driver of future growth. Financially, the Company delivered a strong first half, with revenue growth of 20%. The second half was impacted by the deferral of several major Detect segment orders into FY2026. Overall, total revenue of $31.7 million grew 5% year-on-year, driven by 15% growth in Detect, which benefited from the fulfilment of a significant backlog order from the prior year. EBITDA improved materially to $2.1 million, compared with a $0.9 million loss in FY2024. This reflects our strong gross margins and a lean, stable cost base following completion of major investments in commercial capability and technology. As revenues grow, we expect EBITDA margins to improve further, leveraging our fixed cost and technology base. An impairment charge of $5.6 million was recognised in FY2025, representing the remaining goodwill in the Illuminate segment. While this reflects a more conservative revenue outlook, we remain confident in Illuminate’s complementary role to Detect and its potential in new markets. We entered the new financial year with a sales order backlog of $6.4 million. This represents orders which have been received but are yet to be completed and includes contracts for annual recurring revenue of $2.6 million. Growing annual recurring revenue remains a priority and is a key feature of our product offering for Aura Ai-X. Importantly the Company was cash flow positive in FY2025 and will be able to generate cash as revenues grow. FY2026 will be pivotal in accelerating revenue growth. We have built a market-leading technology platform, strengthened our commercial capabilities, developed a robust sales pipeline, and secured strong partners in key markets and industry verticals. We have a stable cost base and catalysts for growth exist in each of our segment. Our priorities are to: • Increase sales order intake, particularly in strategic industry sectors and partners; • Grow sales order backlog, including recurring revenues; • Maintain gross margins of 60–65%; and • Continue targeted investment in technology to extend our market leadership. The Board remains committed to building a world-class technology business and look forward to updating on progress through FY2026. 3 CHIEF EXECUTIVE OFFICER’S ADDRESS We have organized the business into three operating segments which align our technology and products with customer solutions. We continue to invest in the technology which supports each segment, and I am confident that our technology remains market leading. In particular, Aura Ai-X is our market leading fibre optic sensing product that has achieved significant customer uptake since its launch in March 2023. Since this launch we have extended the product range by offering a shorter-range model Aura Ai-XS, a buried model Aura Ai-XSB, and L Band version Aura Ai-XLBand and a new Phase unit, Aura Ai- XPhase. These have all been built and released and successfully sold in under 2 years. We continue to sell multi-year subscriptions as part of our offering for Aura Ai-X as demonstrated by the growth in contracted annual recurring revenue. In the Illuminate segment, we launched the LoRa wireless connection solution during FY2025, which can connect up to 500 devices without the need for data cables. We are also providing integration support to our distribution partners including Digital Watchdog, carrier, Bosch and others to broaden the product acceptance in the market. In Access, the dormakaba global framework agreement remains critical to the growth of this segment. Revenue in the Access segment declined by 26% in FY2025, reflecting a lack of repeat dormakaba stocking orders, as the initial order in the previous year worked through the supply chain. However, the market remained above budget in Australia which remains a broad-based sector with over 50% of the revenue in Access. Our focus remains on driving volume through this important channel partner in Europe, Australia and the U.S., and we remain confident that dormakaba is the right partner to return Access to growth. The technology supporting each segment is unique to the segment but is also complementary in terms of its application. We sell each technology individually, and we can also integrate in a more holistic solution. The diagram depicts the deployment of our technology to an airport. The airport sector coupled with railway and metro transportation are two emerging major markets focussed on our fibre solution as the key technology. Our fibre optic detection products provide perimeter detection capability and critical infrastructure protection, our Access products can manage staff access to restricted areas, and our Illuminate products can secure critical assets and buildings within the facility. The key aspect of this slide is the commercial impact of turning passive objects – fences, walls, ditches etc – into live 24/7 sensors. This is combined across all three divisions, although the biggest impact is clearly in Detect and Illuminate. I will speak later in the market sectors about the impact of this sensing beyond security and sensing using in-place critical infrastructure. Future revenue growth is supported by our sales opportunity pipeline in the Detect segment. Our current pipeline with expected close dates in FY2026 is around A$85 million, excluding any opportunities in the telecommunications sector. We assess our pipeline between “High Probability” opportunities, “In Progress”, and “Early Stage”. 4 High Probability represents prospects that we expect to win based on customer feedback and the maturity of the opportunity. Generally, the only thing being finalised is the timing of a confirmed order. In Progress represents opportunities that have come to market and are being actively bid. We need to proactively manage the timing and win rate for these opportunities. As the name suggests, Early Stage represent opportunities that we are aware will come to market but have not yet done so or are in their infancy. Our key focus on these opportunities is to ensure that relevant specifications and tender requirements are consistent with our technology. The key challenge for the business is the timing of the major program orders. All large infrastructure programs show evidence of delay caused by external factors, budgets, trade restrictions, government shutdowns etc. This affects our ability to accurately forecast the dates of execution of orders. We have focussed on broadening our product offerings, enhancing our commercial team and increasing our recurring revenue to reduce the inherent lumpiness in a program business. The sales opportunity pipeline is also now well balanced geographically with opportunities across all our key markets – APAC, Americas, Europe and the Middle East. The pipeline is supported by our high-quality relationships with key partners. For a Company of our size, we are well positioned with high quality partners. These relationships are crucial to expanding our presence across various industry segments which I will discuss shortly. Detect remains integral to the growth of the Company. Aura Ai-X was launched in March 2023 and has been extremely well received in the market. It includes an advanced deep learning module which improves performance by enabling the system to learn from data which it gathers as well as accessing our data library from multiple sites. This is the key offering for which customers are willing to subscribe to multi-year contracts. As we continue to grow the number of systems deployed, we also expect to grow the value of revenue covered by multi-year recurring revenue contracts. We continue to invest in the Aura platform. We have developed a variant for use on smaller perimeters and infrastructure which enables us to compete effectively at a slightly lower price point than the longer perimeter systems. We also developed an application specific to the telecommunications sector which was deployed to a subsea cable operated by Telstra. Aura Ai-X has achieved Safety Integration Level 2 accreditation, a globally recognised safety certification within the rail sector which is a key enabler for further rail related opportunities both in Australia and internationally. Aura Ai-X is extremely versatile in its application and has opened significant opportunities for us in multiple industry verticals. I will discuss shortly the opportunities that we are pursuing across key industry verticals. Importantly these opportunities exist in multiple jurisdictions in which we operate: • APAC – oil and gas sector, transport infrastructure; • Americas – energy, corrections, government defence projects; and • Europe / Middle East – border protection, transport infrastructure, oil and gas sector. I’ll now provide insight into some key opportunities. 5 Telecommunications remain a key focus for growth. Our relationship with Telstra has continued to develop and remains strong. It has also enabled introductions internationally, with other key telecommunication providers. Key milestones achieved in FY2025 include: • Completed Aura Ai-X installation on a Telstra subsea cable in Q4 FY2025, with strong performance results. • Expect further deployments across additional subsea infrastructure. • Collaboration with Telstra has opened new opportunities with international telecommunication providers. Sovereign Border Protection - We have seen a significant increase in client focus on sovereign borders both in protecting physical barriers such as fences and adding covert buried sensing systems. This has been supported by our success in eastern Europe, and we anticipate further growth in the next financial year. Actions to date include: • Installed additional Aura Ai-X systems on a critical Eastern European border, including replacing competitor technology. • Geopolitical events continue to elevate demand for advanced border security solutions. • Pipeline includes further opportunities in Eastern Europe and new markets in the Middle East and Asia. Airports as part of national critical infrastructure have attracted significant interest due to multiple international breaches of perimeters. Our focus on sensing to trigger other systems Is being well received as part of a holistic approach to Detect and respond. Actions in FY2025 included: • Perimeter detection systems deployed at Dubai International Airport and a major North American airport during FY2025. • Secured an additional order for a North African airport in Q1 FY2026. • Secured follow on orders in Morocco for key Airports. • Following a recent security breach in Australia, we are engaged to conduct commercial technology trials with regulators, and at least 4 major airports to demonstrate how Aura Ai-X can enhance perimeter security. This is also assisting in the internation airport engagement in the US and APAC. Oil & Gas sector – Oil and Gas remains a core business sector for us which includes major programs in PNG, Northern Australia, Dubai, Qatar, Turkey and the US. The mix of opportunities includes standard perimeter security, remote site security, and oil and gas pipelines. We see the pipeline is this sector as consistently strong across all geographies. Rail Infrastructure - Transportation has seen the same increase in activity experienced in Airports. We expect further growth in the new financial year, our key activities during FY2025: • Expanded our relationship with UGL Limited through further contract variations and began commissioning Aura Ai-X controllers for the Sydney Metro project. • Achieved key certifications to detect intrusions and objects in rail corridors, positioning us for future wins. • Awarded significant new contract with Siemens in another Metro extension in Q1 FY2026 for additional major Australian transport infrastructure project. • Expanding our technology offerings to Metros in US, APAC and the Middle East. 6 Proof of Performance – we recently received outstanding feedback from clients on major events on a sovereign border and in preventing an escape from a major corrections facility. These demonstrate the efficacy of the solution and its effectiveness in preventing major security breaches and incidents. We were delighted recently to have our core detection systems highlighted by UGL at the recent Rail Industry Safety and Standards Board and Australian Railway Association Innovation Awards. This recognition has been the result of an enormous effort on our first success in Sydney Metro coupled with follow on projects and orders. We see further growth opportunities in Metro and Transportation in our pipeline. This morning, we released to the market a trading update of performance for the first quarter of FY2026. Performance during Q1 was solid with total sales order intake of $9.0 million. We received the order from Siemens Australia for $1.2 million which was carried over from the previous quarter and it was pleasingly to receive an order for further sovereign border protection in a new country, Latvia. Our sales order backlog is $7.5 million which includes $2.6 million of annual recurring revenue. The sales opportunity pipeline remains very strong and I expect to see further growth in sales order intake in Q2. We have provided revenue guidance for H1 in the range of $17.0 million to $18.2 million, dependent on the timing and fulfilment of Detect project orders. The focus in FY2026 is to accelerate revenue growth. After successfully consolidating the business in FY25, and showing an EBITDA turnaround of $3.0m, I am confident we have the foundation for future growth. Given our business capability and technology investment, earnings growth will be driven by increased revenue leveraging a stable cost base. Catalysts for revenue growth exist in each segment: • Detect: Increase Aura Ai-X penetration in priority segments; target 20%+ revenue growth; pursue adjacent opportunities via partners. • Access: Drive U.S. and European volumes through dormakaba’s distribution network. • Illuminate: Grow sales momentum from key distributors and explore integration with Detect solutions. Gross margins are expected to remain stable at 60–65%, with targeted investment in sales, project management, and technical support as revenues grow. We anticipate EBITDA margins expanding to double digits in FY2026. I look forward to updating you on our progress and delivering on the growth opportunities ahead. END Global leader in smart security and sensing technologies AVA RISK GROUP ANNUAL GENERAL MEETING 30 October 2025 CHAIRMAN’S ADDRESS David Cronin FY25 PROVIDES A STRONG FOUNDATION FOR GROWTH 3 $31.7m $2.1m EBITDA growth leveraging stable cost base and strong gross margin $6.4m Sales order backlog deliver revenue in FY25 Cash balance cash positive in FY25 and funded to deliver on projects $5.6m Total revenue / income up 5% • Continued investment in our market leading technologies, particularly Aura Ai-X with development of telecommunication and shorter perimeter applications. • Group revenue of $31.7m, up 5% on previous year driven by improved Detect performance (+17%). • Significant EBITDA growth - strong gross margin and reduced operating costs demonstrate scalability of EBITDA margins. • Sales order intake of $29.9m and sales order backlog of $6.4m to support growth in FY26. • Cash balance of $5.6m on 30 June 2025 driven by cash generation of $0.5m in FY25, Group well funded for growth. 4 STRONG GROWTH CATALYSTS IN EACH SEGMENT Developing sales pipeline in key industry verticals and growing recurring revenue base • Success with selling combined Illuminate and Detect solutions in educational facilities and corrections currently in N America • LoRa achieving market position with Detect • Expand product sales in North America and Asia Pacific via established channels Aura Ai-X: Setting the Standard in Critical Infrastructure Protection • The solution of choice for oil & gas, energy, aviation, transportation, corrections, and more • First international border protected – global interest is rapidly growing. • Developed three new technologies to support growth within traditional PIDS as well as adjacent applications • Aura Ai-XS for short range, and XSB for shallow buried applications – both powered by deep learning • Aura Ai-XLBand unit – first unit successfully deployed with Telstra • Aura Ai-XPhase to broaden opportunities in telecommunication sector • SIL2 accredited, opening new opportunities in transportation and other industries while validating reliability and safety DETECT • Demand increasing for the YD30 locks via dormakaba’s vast and quality distribution network • Developed YG80B Bluetooth lock for gates, containers and roller doors • More dormakaba countries now purchasing the lock through their main DC, expanding its global reach ILLUMINATE ACCESS CEO’S ADDRESS Mal Maginnis GLOBAL LEADER IN RISK MANAGEMENT TECHNOLOGIES 6 6 Fibre optic intrusion detection systems Protecting high value assets and critical infrastructure globally • Perimeter intrusions • Telecommunication networks • Pipeline intrusion • Condition monitoring • Data network protection • Products, services and recurring revenue model High security access control technology • Outdoor security sensors • LoRa wireless system developed • Surveillance solutions • Video illuminators • Camera analytics • Off-the-shelf & custom products DETECT ILLUMINATE ACCESS Security and intruder detection equipment World-leading portfolio of complementary premium solutions and technologies Trusted by some of the world’s most discerning security conscious customers – commercial, industrial, military and government sectors Strong competitive position underpinned by Ava’s IP, OEM and distribution relationships, and wealth of data for machine learning Flexible commercial models with growing recurring revenues • Access control readers • High security locking • Custom encryption • Biometric solutions • Off-the-shelf & custom products. • Highly encrypted for security conscious end users. 7 SENSING BEYOND SECURITY USE OF SOLUTIONS FOR SENSING APPLICATIONS • Identifying and responding to a threat at the perimeter, or within a facility. • Managing personnel access to restricted areas. • Securing critical assets and buildings. AVA RISK GROUP’S SOLUTIONS DETECT • Borders, Perimeters, Critical Infrastructure. • Data investigation on patterns of intrusion. • Data generation and analytics using existing fibre networks targeting telecommunications sector. ILLUMINATE • Supports Detect’s smaller physical sites, targeted customer designs, illuminate CCTV images, identifying activity. ACCESS • Protect key infrastructure assets and strengthen vulnerable access points. Example of solutions at an Airport DETECT ILLUMINATE ACCESS Building on success in existing deployments in multiple infrastructure types DRIVING GROWTH IN FY26 AND BEYOND 8 Building on our market verticals and geographies with sophisticated global partners DETECT SALES OPPORTUNITY PIPELINE (A$M) • Total Pipeline with expected close dates in FY26 remains greater than $88.5m (excludes telco sector orders) • Opportunities across key geographies – APAC, Americas, Europe and Middle East. • 11 opportunities > $1m ($18m of the pipeline) • Pipeline excludes Access / Illuminate, expected to deliver revenue of $10m in FY26. 13.9 23.4 51.2 High Probability In Progress Early Stage Proven technology • Aura Ai-X • YD30 Cobalt series 30% growth in annual recurring revenue: • Growth in recurring revenue of 30% to $2.6m ARR under contract • Sell subscription contract with every sale of Aura Ai-X Enhanced commercial capability with high profile, quality partners • Telstra • UGL • Siemens • dormakaba • Other key partners • LoRa Connect wireless system • Growing recurring revenue via subscription HIGH QUALITY PARTNER AND END USER BASE 9 Strong network of OEM and distributor relationships worldwide DETECT DRIVING GROWTH 10 Significant progress deploying Aura Ai-X since its launch Aura Units Sold Aura Ai-X Launched (March 2023) • Advanced Deep learning Module • New Install and training Modules • Recurring revenue subscription • SIL2 accreditation • First major border deployment 2023 2024 2025 40 45 50 55 60 65 70 75 80 85 Revenue $21.1m Up 17% on pcp EBITDA 18% Gross Margin 70% • FY25 ARR growth 30% 11 FOCUS ON KEY SECTORS AND GEOGRAPHIES High-value, strategically significant projects across multiple sectors • In APAC, we continue to secure home-grown wins, including Oil and Gas and major transportation infrastructure such as Sydney Metro and Western Sydney Airport, demonstrating our expertise in this area. • In North America, federal government projects, corrections and oil and gas solutions reinforce our credibility, long-term presence and , highlight our ability to protect critical energy infrastructure, while defense projects globally remain a key growth focus. • In the Middle East we have outstanding clients in Oil and Gas, Airports, critical Infrastructure and Borders • These examples underscore FFT’s trusted technology, strong partnerships, and scalable solutions across diverse geographies and sectors. 12 CASE STUDY: TELSTRA PROGRESS Opportunities: • Protection of terrestrial and subsea data cables • Pit lid intrusion / lifting, cable tampering, digging • Detection of intrusions on major communication towers • Detection of exposed cables due to erosion ✓ Technology demonstrated the superior ability of Aura Ai- X DAS in detecting events and providing appropriate classification and reporting. ✓ Illuminate products demonstrated an excellent capability in point and small site detection and sensing of interference. ✓ Protects the assets, the public and the network performance. Securing mobile tower access Protection of pits Monitoring of subsea telco cables Exposed cable detection 13 Case Study: CRITICAL EUROPEAN BORDER – TWO PHASES Background This European government faced a surge in attempted illegal border crossings, with 29,707 incidents last year. Securing a 235 km stretch was challenging due to varied terrain, shared infrastructure, and frequent nuisance alarms from incumbent competing system. Authorities needed a reliable, scalable solution. Solution Aura Ai-X was deployed in buried and fence- mounted configurations, using deep learning to navigate complex perimeters, including concertina wire. Outcome Due to incredible reduction in nuisance alarms (>2 per day) and increase in probability of detection (POD), additional Aura Ai-X controllers were deployed along the remaining (500+ km) border replacing the failed incumbent competitor. The video, released by an independent European media source, quickly gained widespread attention. It demonstrates Aura Ai-X’s effectiveness, showing security personnel on scene in under 30 seconds. 14 Case Study: DUBAI INTERNATIONAL AIRPORT, UAE BACKGROUND Dubai International Airport, one of the world’s busiest airports, spans 7,200 acres (2,900 hectares) with a 16 km perimeter. Managing such a large, high-traffic site requires highly reliable perimeter security. CHALLENGE The airport faced frequent nuisance alarms from a legacy PIDS controller. Operators needed a system capable of maintaining a POD above 95% while keeping nuisance alarms incredibly low, all without disrupting existing security infrastructure. SOLUTION FFT deployed Aura Ai-X, customising the deep learning algorithm using global installation data to filter environmental noise such as jet blasts. The system was rigorously tested and immediately exceeded expectations. Multiple Aura Ai-X units now secure the airport perimeter. 15 Case Study: WOODSIDE, INTEGRATED GAS PLANT, AUSTRALIA BACKGROUND Woodside’s Karratha Gas Plant (KGP) is a world-class integrated gas production facility in Western Australia, producing LNG, domestic gas, condensate, and LPG. The onshore plant spans over two square kilometres and connects to the offshore LNG platform via a 3.2 km interconnector pipeline. CHALLENGE To optimise system architecture and address intermittent interference affecting legacy systems, Woodside sought a next-generation PIDS capable of reducing system complexity while maintaining robust perimeter security. SOLUTION Aura Ai-X replaced legacy Controllers, reducing the number of systems needed and allowing a single fibre optic cable to monitor both fence and gates. FFT Secure Point was deployed to secure the nearby Mt Wongama Communication Tower, supporting critical telecommunications on the Burrup Peninsula. 16 Case Study: SYDNEY METRO, AUSTRALIA BACKGROUND Sydney Metro is Australia’s largest public transport project, building, operating, and maintaining four metro lines, 46 stations, and 113 km of new metro rail. CHALLENGE The project required a Corridor Intrusion Detection System (CIDS) and Obstacle Detection System (ODS) for the Southwest line from Sydenham to Bankstown. These systems ensure safe train operations as the corridor transitions to Unattended Train Operations. SOLUTION Aura Ai-X was chosen for its advanced intruder and obstacles identification, triggering CCTV verification for real-time operator response. This system is the first of its kind in Australia, setting a benchmark in rail safety technology. Due to the strength of our partnership, service quality, and trusted performance, Aura Ai-X has also been deployed along the Western Line and at the Western Sydney Airport project which is part of the biggest urban rail infrastructure investment in Australian history. 17 Proof over promises: Borders and Corrections Border Protection – News article Aura Ai-X in action at a key international border. FFT’s Aura Ai-X helped pinpoint a covert tunnel on the Belarus–Poland border, detecting threats fast and accurately. “Thanks to advanced electronic systems on the barrier, the Polish-Belarusian border is effectively protected,” wrote Poland’s Minister of Interior and Administration. Local officials confirmed two tunnels were identified using newly installed “advanced electronic systems.” Corrections Protection – Email received Aura Ai-X in action, stopping an inmate escapee in the USA in October 20205 “As most you of you know, xxx had an escape attempt this past Saturday evening. The inmate was able to get over the first fence as staff arrived (within seconds of alarm going off). Everything from the shaker fence alarm , to the video coverage worked perfectly. This is a positive change for xxx because for so long everything was outdated and typically malfunctioned when needed…. I know I keep them busy every time they visit xxx but their hard work has provided multiple improvements for us.” 18 Proof over promises: Trains and Metros Trains and Metro Protection UGL presented Corridor Intrusion Detection System (CIDS) and Object Detection System (ODS) at CORE 2025. The systems, underpinned by FFT’s Aura Ai-X, slow or stop trains when people or objects enter the operational zone. UGL, powered by by FFT’s technology, made it as finalists at both the Rail Industry Safety and standards board (RISSB) and the Australian Railway Association Rail (ARA) Innovation of the year award. Feedback was strong, and enquiries from transport stakeholders reinforced UGL’s safety leadership and momentum behind CIDS adoption. STRONG GROWTH OUTLOOK LEVERAGES EXISTING COST BASE 19 Drivers of growth in FY26: • Expected revenue growth of 20%+ in FY26 based on strong sales pipeline • Adjacency revenues slower to materialise due to reliance on partners but remain a growth opportunity • Gross margin expected to be maintained at around 64% • Operating cost base is stable – no more than 5% growth in operating expenses to deliver revenue growth in FY26 • EBITDA margin for FY26 expected to be in double digits • Cash flows and balance sheet provide funding to drive scalable global operation Substantial opportunity remain in core markets to drive growth throughout FY26 Q1 FY2026 Trading Update: • Q1 sa