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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

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) is pleased to advise that it has secured a contract with GAIL (India) Limited (“GAIL”) to deploy its market leading fibre sensing technology to a critical gas pipeline in Inda.

The contract, valued at A$0.9 million, provides the deployment of Aura Ai-X’s Distributed Acoustic Sensing technology along the Kochi–Koottanad–Bangalore–Mangalore pipeline. The systems will monitor and identify threats like heavy equipment movement, jack hammer operation, mechanized drilling, excavation, and precise fibre break location detection. Delivery is expected to occur in the current quarter and is not subject to any material conditions.
The Kochi–Koottanad–Bangalore–Mangalore pipeline, spanning 1,104km, represents a critical piece of infrastructure that aims to connect South India to the national gas grid, providing natural gas to industries and consumers across the region. Scheduled to commence operations in 2025, rapid deployment capability was a key procurement consideration for GAIL, further highlighting the competitive advantage of Ava’s solutions. This contract builds upon a long and trusted relationship with the Company’s technology previously deployed across multiple operations including at Vadodara, Bengaluru, and Jamnagar-Loni.

Commenting on the contract, Ava CEO Mal Maginnis said: “We are delighted to continue our long-standing relationship with GAIL, one of India’s premier infrastructure operators. This contract validates our position as the preferred technology provider for critical infrastructure protection in the energy sector. The selection of our detection technology for this strategic pipeline demonstrates the trust GAIL places 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

Ava Risk Group Limited (ASX: AVA) (“Ava Risk Group” or “the Company”) is pleased to provide the following update on its Q3 FY2025 trading performance:

• Sales order intake during Q3 of $6.5 million, resulting in year-to-date sales order intake of $22.8 million.
• Strong sales opportunity pipeline to support acceleration in growth in Q4 sales order intake. A number of significant orders expected to close in Q3 are now expected to close in Q4.
• Continued focus and progress on key projects including in the transportation and telecommunication sectors (see Q4 order received below).
• Confirmed sales order backlog of $7.4 million, including $2.5 million in contracted annual recurring revenue. The order backlog consists of equipment orders and multi-year service contracts.

Ava Group CEO Mal Maginnis commented: “Sales order intake during Q3 was solid though slightly softer than expected as a number of significant orders were delayed reflecting, in part, some geopolitical instability in key markets such as North America and Europe. The sales opportunity pipeline remains strong and I am optimistic about Q4 activity, particularly as key markets settle.”

“During Q3 we continued to support UGL with the Sydney Metro project. There are a number of other transport infrastructure projects that we expect to close in Q4 based on the strong performance of Aura Ai-X on the Sydney Metro project.”

Q3 FY2025 confirmed sales orders

Sales performance during Q3 of $6.5 million represents growth of 4% on the prior year. Year to date (“YTD”) sales order intake of $22.8 million is lower than the prior year order intake of $25.6 million which included a significant pipeline order at a Chile copper mine for $2.7 million.

• Detect: Q3 sales order intake of $3.8 million, up 18% on the previous year.  YTD sales order intake of $14.8 million, down $1.5 million on the previous year which included an order of $2.7 million for pipeline protection at a Chile copper mine.

  The sales opportunity pipeline in Detect remains strong and is expected to accelerate growth in Q4. During Q3 the Company invested in the continued development of its technology to meet requirements in the telecommunications sector. The sales pipeline contains material telecommunication sector opportunities, and this segment remains an important driver of growth in both Australia and internationally.

  In the transport vertical, it is anticipated that opportunities for the deployment of Aura Ai-X systems to rail infrastructure will be awarded during Q4. Sovereign border protection remains a significant segment for further growth. It is also expected that a number of security applications in North America which were delayed in Q3 due to political uncertainty will be finalised during Q4.

  The value of recurring service contracts grew to $2.5 million at the end of Q3 driven by the continued deployment of Aura Ai-X, the Company’s market leading, data-driven fibre sensing technology.

• Access: Sales order intake in Q3 of $0.8 million, with YTD order intake of $3.1 million. YTD order intake was $1.6 million lower than the prior year which included an initial stocking order from dormakaba under its global framework agreement. Growth in the Access segment will be driven by increased demand in the U.S. using the dormakaba distribution network.
• Illuminate: Strong Q3 order intake of $1.8 million, up 17% on the previous year. YTD order intake of $5.0 million, up 7% 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 projects.

At the end of Q3 FY2025, the Company carried an order backlog of $7.4 million which represents sales orders received that are still to be fulfilled. The backlog includes $2.5 million of annual recurring revenue associated with multi-year service contracts.

Q4 order received in the telecommunications sector

Following development work undertaken in Q3, the Company is pleased to advise that it has received an order in Q4 from Telstra Corporation Limited (“Telstra”) for an Aura Ai-X system which will be deployed to protect a subsea cable in Australia.  The value of the order is $0.3 million and is expected to be delivered in Q4 FY2025. There are no material conditions precedent to completion of the order.

The order represents a major milestone in the Company’s strategy to grow revenue, increase market share and expand into new market adjacencies. Ava has invested significantly in its commercial capability and technology including collaboration with Telstra to successfully address technology challenges associated with the deployment of sensing solutions over critical subsea cables. The performance of the Aura Ai-X solution has resulted in the award of the first meaningful order received under the Supply Agreement that the Company has with Telstra.

The world’s subsea cable network is vital to global digital infrastructure, facilitating international communications and data exchange.  However, these cables are susceptible to threats such as accidental damage from maritime activities, deliberate sabotage, and unauthorized data interception. Implementing Ava’s Aura Ai-X Distributed Acoustic Sensing (DAS) technology can significantly enhance the security and resilience of these critical assets, particularly in vulnerable near-shore areas and at landing stations.?

Ava CEO Mal Maginnis said: “Our focus on key industry segments remains a priority.  During Q3 FY2025 we further developed our Aura Ai-X technology to meet some specific requirements in the telecommunications sector. Pleasingly this has culminated in an order for an Aura Ai-X system in Q4 from Telstra under our Supply Agreement. Telstra will deploy this system to an international subsea cable to provide monitoring and protection on the cable as it comes ashore in shallow waters in Australia. It represents an exciting example of deploying our technology to new industry verticals and I am very confident that the telecommunications sector will provide significant growth, both in Australia and internationally.”

Outlook

The Company is confident in delivering solid growth in revenue and EBITDA in FY2025. Management provides revenue guidance for the second half year in the range of $18 million – $21 million (range dependent on the timing of project delivery).

Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) announces results for the six months ended 31 December 2024.

Highlights

• Group revenue of 17.0 million, up 20% on the previous corresponding period (PCP)
• Strong sales order intake of $16.3 million, driven primarily by the Detect segment
• Expansion in strategically important industry verticals and key projects across sovereign border protection,
• airport perimeter detection, and transportation
• Group EBITDA of $1.7 million, $2.6 million higher than PCP
• Sales order backlog of $7.6 million, including $2.3 million in contacted annual recurring revenue
• Cash balance of $4.7 million at 31 December 2024.

Review Investor Presentation here.
Review Appendix 4B and Interim Consolidated Financial Report here.

Ava has invested significantly in its commercial capability and technology in order to grow revenue and increase market share. The results for H1 FY2025 indicate that these investments are providing a platform for continued improved performance.

Ava CEO Mal Maginnis said: “We are pleased with the Group’s progress during H1, with a strong sales pipeline across key industry verticals. Our industry leading fibre sensing technology continues to underpin strong sales momentum in the Detect segment, with some notable contracts including the protection of a critical European border, as well as airport perimeter detection orders in Dubai and North America. We also saw an increase in recurring service contracts, a key marker of future performance, which was driven by increased system deployments.

“We are also pleased to have achieved a positive EBITDA result, a reflection of the investments made into the technology and commercial capabilities of the business. We see significant growth catalysts across the segments and are focused on improving our performance further through our sales order intake, our sales backlog and by increasing recurring revenue. We are also focused on maintaining high gross margins and expect to benefit from strong operating leverage as we scale.”

Performance Overview

The Group’s revenue for the half was $17.0 million, up 20% on PCP. Strong sales order intake of $16.3 million was driven primarily by the Detect segment, with a confirmed sales order backlog of $7.6 million, including $2.4 million in contracted annual recurring revenue, also up 20%. The order backlog consists of equipment orders and multi-year service contracts.

The Company is focused on developing its sales opportunity pipeline in key industry verticals and growing its recurring revenue base. During H1 FY2025 repeat orders for Aura Ai-X, the Company’s market leading fibre sensing technology, were fulfilled for protection of a critical European border, including the replacement of some competitor technology. Airport perimeter detection is an emerging industry vertical and sales orders were fulfilled for the deployment of systems at Dubai International Airport and a major North American airport.

Consolidated gross margin grew to 64%, up 3% on the prior year, driven by an increase in higher margin Detect
revenue. Operating costs stabilised following completion of the restructure during FY2024 and were $0.3 million
lower than the prior year. The resulting EBITDA of $1.7 million was $2.6 million higher than PCP (1H24: EBITDA loss of $0.9 million). The Company had a cash balance of $4.7 million at 31 December 2024.

In the Detect segment, revenue of $12.1 million represented growth of 57% on PCP. The improved performance
was driven by completion of a number of key projects including the supply of equipment to a mine site in Chile and
further deployment of additional systems for an Eastern European border.

Revenue in the Access segment of $2.0 million was $1.2 million lower than PCP which included initial stocking
orders of the Cobalt series locks for dormakaba in the U.S. Leveraging dormakaba’s global distribution network
remains critical to near term growth in the Access segment.

In the Illuminate segment, the new “LoRa” product is enabling the seamless integration of a number of the
Company’s devices in a common solution. The complementary nature of Illuminate products with Detect is
demonstrated by the development work being undertaken with UGL to provide solutions on the Sydney Metro
project and by some Illuminate product trials undertaken with Telstra.

Outlook
Based on expected sales pipeline conversion and the existing sales order backlog, management provides revenue
guidance for the full year FY2025 in the range of $37.0 million – $41.7 million.

Approved for release by the Board of Directors.

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