Slide 1: FY26 Year End Presentation
FY26 Year End Presentation 25 August 2026 For personal use only
Slide 2: Highcom Limited
Highcom Limited HighCom is an ASX-listed Australian defence sector operator built on two divisions, Armour and Technology. Financial Snapshot Divisions Top 5 Shareholders For personal use only Altor Capital 8.6m shares | 6.10% 141,655,172 Shares on Issue HighCom Armour (HCA) Regal & Others February
Slide 3: FY26 Key Highlights
FY26 Key Highlights FY26 year of building momentum for future growth Financial FY26 Momentum MARKET TAILWINDS For personal use only $29.8m (FY25 $48.1m) $8.9m $22.6b to $54.9b by 2033 FY26 Group Revenue Largest CUAS Contract APAC Drone Market Asia Pacific drone market valued by Grand View Research H
Slide 4: FY26 At a Glance
FY26 AT A GLANCE FY26 PERFORMANCE H2 revenue rebounded 73% over H1 For personal use only Highcom Limited Group Revenue FY26 - $A $29.8m (FY25 $48.1m) FY26 Revenue 35 29.8 ($6.8m) (FY25 $0.2m) FY26 EBITDA 30 25 ($1.4m) H2 EBITDA – mid range of guidance range ($1.2m) to ($1.6m) 20 18.9 $9.7m (FY25 $5.
Slide 5: Net Working Capital / Cash Discipline
NET WORKING CAPITAL CASH DISCIPLINE For personal use only $9.7m closing cash, $6.2m net Highcom Limited Cash Bridge FY26 Closing cash to net cash and available liquidity* (A$m) cash, $7.3m Total Liquidity 12 CONTRIBUTORS TO CASH GROWTH 10 Technology Parts and New Orders 8 3.4 Capital Raise 1.1 6 9.7
Slide 6: FY26 EBITDA to Cash
FY26 EBITDA TO CASH FY26 CASH BRIDGE For personal use only HIGHCOM LTD | Investor Presentation 6
Slide 7: Inventory
INVENTORY US Inventory Finished Goods & Raw Materials Reduction in US Inventory > 180 Days Aging US$m FY24 to FY26 For personal use only 3,500,000 12 3,000,000 10 2,500,000 8 6 2,000,000 4 1,500,000 2 1,000,000 0 H1FY24 H2FY24 H1FY25 H2FY25 H1FY26 H2FY26 500,000 Finished Goods Raw Materials 0 FY25 F
Slide 8: HighCom FY26 Foundational Year
HIGHCOM FY26 FOUNDATIONAL YEAR Year of Transition Armour Innovates For personal use only • Highcom Group further strengthened Board and global leadership team • Globalised product offering in response to worldwide demand signals • Armour introduced next generation armour plates and female armour, ta
Slide 9: Unique Integrated Frontline Protection
HIGHCOM NOW DELIVERYING UNIQUE INTEGRATED FRONTLINE PROTECTION ONE FUTURE COORDINATED OFFERING For personal use only Protecting first and front line responders HighCom uniquely combines complementary protection capabilities on the carrier in one frontline suite. LIGHTWEIGHT BODY ARMOUR Protects pers
Slide 10: FY26 Segment Performance
FY26 For personal use only Segment Performance
Slide 11: US Armour FY26
US ARMOUR FY26 FY26 Revenue US$9.1m US RECOVERY For personal use only EBITDA (US$3.4m) Q4 revenue increased 3.1x over Q3 Partner-led sales and improving global demand sets the path for FY27. US Armour Revenue FY26 US$m Broader Sales Coverage 6.0 Partner-led sales expanded into Ukraine, Brazil and US
Slide 12: US Armour Product Segmentation
US ARMOUR PRODUCT SEGMENTATION PRODUCT MIX For personal use only Hard armour generated 70% of FY26 revenue Shields 6% Freight & Other Soft Armor 5% 10% Full product capacity to sell broader product suite (helmets, shields, armour) HARD ARMOUR — CORE Helmets XTclave is in commercial production 11% MA
Slide 13: Technology FY26
TECHNOLOGY TECHNOLOGY FY26 — FY26 REVENUE AUD$16.3m FY26 Revenue A$16.3m For personal use only EBITDA A$2.8m KEY CONTRACTS DELIVERED TO PLAN $1.1m MyDefence trial converted to an $8.9m follow- on order Tethered drone was sold to the Department of Defence Puma contract ongoing. CONTINUING GROWTH IN H
Slide 14: FY27 Positioning
For personal use only FY27 POSITIONING
Slide 15: Global Defence Tailwinds
GLOBAL DEFENCE Defence spending is being driven by Europe re-arming TAILWINDS For personal use only US experiencing a more hostile defence and law enforcement environment at home and abroad Asia Pacific also raising defence and law enforcement spends South America generally raising defence and law e
Slide 16: Market Tailwinds
Market Tailwinds Both HighCom divisions are exposed to structurally growing defence and security markets. Ballistic Protection Counter-Drone Systems Defence Spending For personal use only Global US$3.5b US$15b to US$19.8b 5% of GDP Global market size by 2033 C-UAS by 2033 NATO defence spending commi
Slide 17: Addressable Opportunities
Addressable Opportunities Armour & Technology Global Sales Pipeline* TOTAL SALES PIPELINE $A1.2b A$1b+ For personal use only APAC - $59m, 5% Combined HCA + HCT opportunity pipeline* Both business units hold well developed and Europe - $441m, 34% scoped pipelines spanning all major regions North Amer
Slide 18: Products Certified and Tested Across Three Global Regions
40 PRODUCTS CERTIFIED AND TESTED ACROSS THREE GLOBAL REGIONS GLOBAL CERTIFICATION FOOTPRINT 40 3 660 For personal use only Products certified or independently verified Regions covered Nth America, Sth America, Active SKUs covered Europe Formal certifications and third-party laboratory results only;
Slide 19: HighCom FY26 Foundational Year
HIGHCOM FY26 FOUNDATIONAL YEAR Year of Transition Armour Innovates For personal use only • Highcom Group further strengthened Board and global leadership team • Armour introduced next generation armour plates and female armour, • Globalised product offering in response to worldwide demand signals ta
Slide 20: Thank You
For personal use only Thank You Questions: investors@highcom.group
Slide 21: Important Information
Important Information This presentation is given on behalf of HighCom Limited (HighCom). Information in this presentation is for general information purposes only, and is not an offer or invitation for subscriptions, purchase of recommendation of securities in HighCom. Certain statements in this doc