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Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) is pleased to announce that it has secured two contracts valued at $0.9 million for the supply of its Aura Ai-X market leading fibre sensing technology and associated services in the sovereign border protection and transport infrastructure sectors.

The Company has been awarded a contract valued at $0.5 million for the provision of its Aura Ai-X Distributed Acoustic Sensing (DAS) technology for border protection in Latvia. The contract is for the immediate supply of the sensing systems and there are no conditions precedent. Delivery is expected to occur in H1 FY2026.

This contract follows the successful deployment of the Company’s detection technology to another eastern European country to provide border protection. It highlights the superior performance of Aura Ai-X in providing remote border protection and reflects the growing demand for border security applications for the Company’s detection technology.

Further to the announcement of 18 August 2025, the Company is also pleased to advise that it has received a contract variation of $0.4 million from Siemens Limited on its previously announced $0.8 million contract for the provision of detection systems to a major Australian transport infrastructure project.  This contract variation is for commissioning and other related services attributable to the Aura Ai-X systems which will be used to monitor and identify risks critical to the safe and efficient operation of the transport infrastructure. The Siemens engagement on this contract now totals $1.2 million.

Commenting on the contract awards, Ava Group CEO Mal Maginnis said: “It is pleasing to see the continued progress we are making in key industry segments which has been built on our strong track record of performance.”

“Geopolitical drivers have seen border protection emerge as a significant segment for the deployment of our technology in recent years.  The current contract represents the second country in eastern Europe in which Aura Ai-X will be installed and is the direct result of the superior detection performance of our technology on earlier deployments. Sovereign border protection remains a key priority in eastern Europe and other jurisdictions, and I expect to see further opportunities in FY2026.”

“It is also pleasing to receive the contract variation from Siemens for the commissioning and support of the Aura Ai-X systems delivered under the initial order. The systems are being installed as part of a major Australian transport infrastructure project, building on our previous success in providing fibre sensing technology to the Sydney Metro project.”

“The two contract awards demonstrate the versatility of Aura Ai-X to provide sensing solutions to multiple applications ranging from border protection to transport infrastructure. We continue to focus our sales effort on protection of critical infrastructure assets in energy, telecommunications and transport while also pursuing opportunities in our traditional perimeter detection market.”

ENDS

For further information, please contact:

Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

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

Download the Annual General Meeting Notice of Meeting here.

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) announces its full year results for the financial year ended 30 June 2025.

Highlights

• Group revenue of $31.7 million, up 5% on the previous corresponding period (PCP)
• Underlying group EBITDA of $2.1 million , up $3.0 million, with improvement reflecting margin gains and cost efficiencies
• Sales order intake of $29.9 million (FY2024: $35.3m)
• Expansion in strategically important industry verticals and key projects across sovereign border protection, airport perimeter detection, and transportation
• Sales order backlog of $6.4 million, including $2.6 million in contracted annual recurring revenue
• Cash balance of $5.6 million at 30 June 2025

Ava Risk Group CEO Mal Maginnis commented: “FY2025 has been a year of continued strategic progress for Ava Risk Group as we strengthened our position as a global leader in sensing and risk management technology and expanded into strategically important industry verticals and major projects.

“Geopolitical events continue to elevate demand for advanced border security solutions, and we have a strong pipeline of opportunities across Eastern Europe and in new markets in the Middle East and Asia. We are growing our footprint in airport perimeter detection systems, including deployments at major international airports while in the transport sector, we expanded our scope of work with UGL.

“A standout achievement in the second half was the installation of our Aura Ai-X technology on a Telstra subsea cable, opening the door to further deployments across subsea infrastructure and creating new opportunities with international telecom operators.

“We have built a market-leading technology platform, enhanced our commercial capabilities, developed a robust sales pipeline, and secured strong partners in key markets. With a stable cost base and a leading technology platform, Ava Group is well positioned to deliver improved growth in FY2026.”

Performance Overview
Total revenue grew 5% year-on-year, primarily driven by 17% growth in Detect, which benefited from the fulfilment of a significant backlog of orders from the prior year. After a strong H1 with revenue growth of 20%, unforeseen external factors meant that several key Detect orders which were expected in H2 were delayed into 1H FY2026.  This impacted both the sales order intake and revenues.

Growth in the Detect segment was 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 the telecommunications sector.

Revenue in the Access segment declined 26%, due to no repeat dormakaba stocking orders in FY25 following an initial stocking order in FY24. The Group’s focus remains on driving volume through this important partner channel in Europe and the U.S., and the team is working closely with dormakaba to drive volumes and return the division to growth in FY2026.

Revenue in the Illuminate segment was consistent with the prior year. Performance improved in calendar year 2025 with stronger OEM demand, particularly in North America. The Group expects continued sales momentum from key distributors and is exploring further integration opportunities with Detect solutions.

Underlying EBITDA improved materially to $2.1 million, compared with a $0.9 million loss in FY2024, reflecting strong gross margins and a lean, stable cost base following completion of major investments into the Group’s commercial capability and technology. We expect EBITDA margins to improve as revenue grows, 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.

Outlook
Looking ahead, 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. With a stable cost base, our priorities are to:

• Increase sales order intake, particularly in strategic industry sectors;
• Grow sales order backlog, including contracted recurring revenues;
• Maintain gross margins of 60–65%; and
• Continue targeted investment in technology to extend our market leadership.

Investor Webinar

Chairman David Cronin, CEO Mal Maginnis and CFO Neville Joyce will host a Zoom webinar to present the results at 10.30am AEST today. To register for the webinar, please select the following link:

https://us06web.zoom.us/webinar/register/WN_9CYALLZwS36qclBFv9O_RQ

ENDS

 Approved for release by the Board of Directors.

For further information, please contact:

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. Illuminate 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 world’s most security-conscious commercial, industrial, military and government clients. www.avariskgroup.com

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) will release its full year results for the 12
months ended 30 June 2025 on Wednesday 27 August 2025.

Ava Risk Group is a global leader in providing technologies and services to protect critical and high value assets and
infrastructure.

Chairman David Cronin, CEO Mal Maginnis and CFO Neville Joyce will host a Zoom webinar to present the results at
10:30am AEST on the same day.

To register for the webinar, please follow the link below.

Date & Time: Wednesday 27 August at 10:30am AEST

Zoom link: https://us06web.zoom.us/webinar/register/WN_9CYALLZwS36qclBFv9O_RQ

ENDS

This announcement is authorised for release by the Chief Financial Officer.

For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

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 Illumination. 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

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) is pleased to announce that it has secured a
contract with Siemens Limited to supply its market leading fibre sensing technology for deployment in a major
Australian transport infrastructure project.

The contract, valued at $0.8 million, is for the provision of the Ava’s Aura Ai-X Distributed Acoustic Sensing (DAS)
technology, which will be used to monitor and identify risks critical to the safe and efficient operation of the
infrastructure. Delivery will occur in Q1 FY2026 and there are no conditions precedent to the order.

In addition to the immediate supply of the sensing systems, Ava anticipates further contract variations to support
system commissioning and provide associated services. These are estimated at an additional $0.4 million, subject to
finalisation of project scope.

Commenting on the contract award, Ava Group CEO Mal Maginnis said: “We are delighted to receive this order from
Siemens to supply our fibre sensing solutions to a critical Australian transport project. This order builds on our previous
success in delivering our fibre sensing technology to the Sydney Metro project and reinforces the capability of Aura Ai-
X in transport infrastructure applications. We continue to see strong domestic demand for our technology, and this
contract highlights our strategic focus on expanding our presence in Australian infrastructure projects. Looking ahead,
we are confident of further opportunities across both Australian and international transport sectors.”

ENDS

For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

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

Review investor presentation here.

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) advises that the Company has, with
immediate effect, suspended its dividend policy to allow capital to stay within the business to fund its growth plan.

The Board intends to review the policy on an annual basis.

Approved for release by the Board of Directors.

For further information, please contact:
Investor & Media Enquiries
Alexandra Abeyratne
Citadel-MAGNUS
aabeyratne@citadelmagnus.com
+61 438 380 057

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 – Future Fibre Technology (FFT), BQT Solutions (BQT) and GJD
Manufacturing. FFT 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.
BQT is a specialist in the development, manufacture and supply of high security biometric readers, security access
control and electronic locking products. GJD is a specialist in the development and manufacturer of perimeter
detectors, illuminators and ANPR cameras. 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

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) is pleased to provide the following update
on its Q4 FY2025 trading performance:

• Sales order intake during Q4 of $7.1 million, resulting in full year sales order intake for FY2025 of $29.9
  million.
• Sales order backlog of $6.4 million including $2.6 million in contracted annual recurring revenue. The order
  backlog consists of equipment orders and multi-year service contracts.
• Expected FY2025 revenue of $31.6 million, below the guidance range. This is the result of a number of key
  orders expected in Q4 which have been delayed to H1 FY2026.
• Expected FY2025 EBITDA of around $2.0 million, up from EBITDA loss of $0.9 million in the previous year.
• Expected cash balance at 30 June 2025 of $5.4 million, up from $5.0 million at the end of FY2024.
• Continued progress on key projects including in the telecommunication, transportation and aviation sectors.

Ava Risk Group CEO Mal Maginnis commented: “Our Q4 sales order intake and resultant revenue were softer than
expected as a few key orders we expected to close in the quarter were delayed due to external factors. These are
expected to close and convert to revenue during H1 FY2026. Notwithstanding this timing issue, there is good
momentum across the business and our sales pipeline is healthy.”

“We continue to make significant progress in our target sectors. We successfully completed the installation of Aura
Ai-X to a subsea telecommunication cable operated by Telstra and the system has performed strongly. We are now
in discussions with other international telecommunications providers. In the aviation sector we received an order to
deploy our technology for perimeter protection at another international airport and expect to commence paid trials
for our technology at two Australian airports during H1 FY2026.”

Comparison to previous revenue guidance
Expected revenue for FY2025 is approx. $31.6 million, up 5% on the previous year. Revenue guidance for FY2025 was
$35 million – $38 million, the shortfall driven by a few key projects expected to close in Q4 but delayed until H1
FY2026:

• Sydney infrastructure project ($1.2 million) pending finalisation of some contractual arrangements between
  the prime contractor and its client;
• Indian pipeline protection project ($1.5 million) impacted by a recent territorial conflict; and
• A number of U.S. based orders ($1.2 million) subject to tariff related delays in H2 FY2025.

For all these orders the Company has been selected as the preferred supplier and has passed all design and other
critical milestones. It is expected that these orders will be received and fulfilled during H1 FY2026.

For FY2025, Ava Risk Group’s gross margin is expected to be 64% based on stronger performance in Detect. Operating
costs have stabilised at approx. $18.3 million resulting in expected EBITDA of $2.0 million compared to a loss of $0.9
million in the previous year. The cash balance at 30 June 2025 is approx. $5.4 million compared to $5.0 million at the
end of FY2024.

FY2025 confirmed sales orders
Sales during Q4 of $7.1 million resulted in full year sales order intake of $29.9 million, compared to $35.3 million in
the previous year.

• Detect: Full year sales order intake of $18.9 million, down from $23.3 million in the previous year as a result
  of delays to several significant orders which are expected to be received in H1 FY2026. The value of recurring
  service contracts grew to $2.6 million at the end of Q4 driven by the continued deployment of Aura Ai-X, the
  Company’s market leading, data-driven fibre sensing technology.

  Key highlights in Q4 include:
  – Successful installation of Aura Ai-X on a Telstra subsea cable to provide infrastructure protection at a critical landing site in Australia. The system has performed strongly and the telecommunications sector remains an attractive segment both in Australia and internationally to drive growth in FY2026;
  – Successful deployment of Aura Ai-X to Sydney Metro via UGL is nearly complete and additional opportunities have been identified in the sales pipeline for rail infrastructure protection;
  – An additional order was received for the deployment of Aura Ai-X to an international airport in Morocco, building on the earlier successful deployment in Dubai. The Company is also engaged in some preparatory work to trial its technology at a number of Australian airports to drive further orders in the aviation segment during FY2026.

• Access: Full year sales order intake of $4.3 million, down from $5.7 million in the prior year which included
  an initial stocking order from dormakaba under its global framework agreement. The focus in the Access
  segment is increasing demand in the U.S. to drive reordering using the dormakaba distribution network.
• Illuminate: Full year sales order intake of $6.7 million, up 4% on the prior year. The focus in the Illuminate
  segment is growing the distribution network, particularly in new markets such as North America and Asia
  Pacific as well as complementing Detect technology in key projectss

At the end of Q4 FY2025, the Company carried an order backlog of $6.4 million which represents sales orders received
that are still to be fulfilled. The backlog includes $2.6 million of annual recurring revenue associated with multi-year
service contracts.

Strategy & Outlook
Ava Risk Group is focused on growing revenue to leverage its prior investment in technology and its scalable cost
base to drive stronger earnings growth. This is underpinned by:

• Growth in sales order intake, particularly in key industry segments;
• Growth in sales order backlog including recurring revenue;
• Maintaining high gross margins of 60 – 65%; and
• Continued investment in its technology to build on its market leadership.

FY2025 Financial Results
Ava Risk Group will release its financial results for the year ending 30 June 2025 on Wednesday 27 August 2025.
Details of an investor webcast will be provided to the market in due course.

ENDS

For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

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. Screenshot 2025-07-15 at 9.50.03?am

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) is pleased to advise that it has secured a contract with Honeywell Middle East Company Ltd-AD for the supply of its market leading fibre sensing technology to the Abu Dhabi National Oil Company (“ADNOC”).

The contract, valued at A$1.1 million, provides for the deployment of the Company’s Aura Ai-X Distributed Acoustic Sensing technology to monitor and identify risks to critical infrastructure across a major oil and gas field operated by ADNOC. Delivery will occur in the current quarter and there are no conditions precedent.
This contract builds upon a long and trusted relationship with Honeywell in support of ADNOC, which has previously deployed the Company’s technology across multiple sites in the Middle East.

Commenting on the contract award, Ava Group CEO Mal Maginnis said: “We are delighted to continue our long-standing relationship with Honeywell, a major infrastructure partner across the Middle East, Australia, USA and Asia. Partnering with major system integrators is a key growth driver for Ava. This contract further validates our position as the preferred technology provider for critical infrastructure protection in the oil and gas sector and demonstrates trust in our ability to deliver reliable solutions that protect vital national assets.”

ENDS

For further information, please contact:
Investor Enquiries
Alexandra Abeyratne
Sodali & Co
alexandra.abeyratne@sodali.com
+61 438 380 057

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