Forward Industries, Inc. · NASDAQ:FWDI

Forward Industries — Q3 2026 Earnings Presentation

14 slides from Forward Industries's earnings presentation, August 2026

  1. Slide 1: Q3 2026 Earnings Call

    Q3 2026 Earnings Call August 2026

  2. Slide 2: Disclaimer

    Disclaimer This document, and the information contained herein, has been provided to you by Forward Industries, Inc. ("Forward Industries") solely for informational purposes. This document may not be reproduced or redistributed in whole or in part, in any format, without the express written approval

  3. Slide 3: Executive Summary

    FORWARD INDUSTRIES, INC. EXECUTIVE SUMMARY The World's Leading SOL Treasury Company NASDAQ: FWDI 7.55M+ SOL 36% .0730 More SOL than next 3 largest Annualized SOL/sh Growth SOL per Fully Diluted Share 4 SOL DATs combined 1, 2 on a fully diluted basis 3 As of August 3: ~7.8M SOL [2, 5] | +254k S

  4. Slide 4: Solana Ecosystem Growth

    FORWARD INDUSTRIES, INC. SOLANA NETWORK Solana Ecosystem Growth NASDAQ: FWDI $257M 3.8B 167M $2.5B+ 80M+ Q2 App Revenue June Transactions Monthly Token-Holder Tokenized RWAs SOLDenominated TVL (#1, 9th straight qtr) (monthly record) Addresses ATH, Apr) crossed in Q2 ATH, Feb 2026 Solana leads We

  5. Slide 5: Forward Q3 Highlights

    FORWARD INDUSTRIES, INC. EXECUTIVE SUMMARY Forward Q3 Highlights NASDAQ: FWDI ▪ Added to the Russell 2000 and Russell 3000 ▪ Accumulated 508,618 SOL, growing holdings ▪ Minority equity stake in OnRe, a Solana-based effective June 29, 2026 from 7,044,079 to 7,552,698 reinsurance platform ▪ Broadens s

  6. Slide 6: SOL Treasury Overview

    FORWARD INDUSTRIES, INC. TREASURY PERFORMANCE SOL Treasury Overview NASDAQ: FWDI 7,552,698 ~1.3% ~307,000 SOL and SOL Equivalent Holdings of Solana Circulating Supply Cumulative Staking Rewards as of 6/30/26 1 since Sep 2025 SOL 0.908x $73.53 $4.22 Fully Diluted mNAV3 SOL Closing Price, 6/30/2

  7. Slide 7: SOL Treasury Growth

    FORWARD INDUSTRIES, INC. KEY TRANSACTIONS SOL Treasury Growth NASDAQ: FWDI SOL held, prior quarter end SOL added in quarter (purchases + staking) 7.81M 01. ATM Program 254K · $75 ▪ 93,642 shares issued for gross proceeds of $435,443 7.55M ▪ Issued only at prices accretive to SOL per share; procee

  8. Slide 8: SOL per Share Trajectory

    FORWARD INDUSTRIES, INC. TREASURY PERFORMANCE SOL per Share Trajectory NASDAQ: FWDI +9.0% QoQ | ~36% annualized .0754 .0730 .0669 .0604 .0624 Sep 30, 2025 Dec 31, 2025 Mar 31, 2026 Jun 30, 2026 Aug 3, 2026 QTD [1] SOL PER SHARE CALCULATED ON A FULLY DILUTED SHARE BASIS, CONSISTENT ACROSS ALL PERIO

  9. Slide 9: OnRe: Forward's First Ecosystem Investment

    FORWARD INDUSTRIES, INC. KEY TRANSACTIONS OnRe: Forward’s First Ecosystem Investment NASDAQ: FWDI +73% $25M $3.3B+ OnRe AUM since investment Liquidity committed Solana RWA market cap to OnRe's ONyc token $142.8M  $247.2M (late July) Up from $2.5B at investment ▪ Minority equity stake in OnRe, a to

  10. Slide 10: M&A Activity

    FORWARD INDUSTRIES, INC. STRATEGIC TRANSACTIONS M&A Activity NASDAQ: FWDI Largest Solana treasury by NAV and total SOL held — larger than the next three Solana treasury companies combined 01. Consolidation Thesis 02. Broad Target Set 03. Our Discipline ▪ Sector is crowded; many vehicles trade at ▪ T

  11. Slide 11: Q3 FY26 Financial Results

    FORWARD INDUSTRIES, INC. FINANCIAL RESULTS Q3 FY26 Financial Results NASDAQ: FWDI $10.8M 62.2% $4.3M $(69.0)M Net Revenue Gross Margin SG&A ex-SBC Net Loss, or $0.80/share (vs $2.5M prior year)[1 (vs 24.9% prior year)[2 $7.4M total incl. $3.1M SBC3 (vs $0.9M and $0.77) per share prior y

  12. Slide 12: Capitalization Table as of June 30, 2026

    FORWARD INDUSTRIES, INC. FINANCIAL RESULTS Capitalization Table as of June 30, 2026 NASDAQ: FWDI Net Asset Value Calculation Quantity Price Value $ Total FV of SOL Treasury 12 7,552,698 $73.53 10 $555,349,858 Other Digital Assets - FV 11 36,874,674 Various $20,013,000 Cash & Cash Equivalents

  13. Slide 13: Key Regulatory Updates

    FORWARD INDUSTRIES, INC. REGULATORY UPDATES Key Regulatory Updates NASDAQ: FWDI 01. CLARITY Act 02. CFTC: Perpetual Futures 03. SEC / CFTC Joint RFCs ▪ Senate Banking Committee advanced the bill ▪ Approved May 29, 2026 ▪ Builds on the March 2026 joint May 14, 2026 interpretation ▪ Cash-settled perpe

  14. Slide 14: Thank You!

    == . | ee ea THANK YoU! . es Forward Industries, Inc. —_—_ a Q&A EE Et SE iT i oa =< forwardindustries.com ir@forwardindustries.com — VE a a a IEE aE

Forward Industries — Q3 2026 Earnings Presentation on 6ix