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ACTIVEPORT GROUP LTD Interim / Quarterly Report 2026

Feb 25, 2026

64452_rns_2026-02-25_fb11bd6d-3510-4d26-8386-5048f4ad0af2.pdf

Interim / Quarterly Report

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26 February 2026

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Appendix 4D Half Year Report

1. Company Details

Name of entity: Activeport Group Ltd and Controlled Entities ABN:24 636 569 634

Reporting period:For the half-year ended 31 December 2025 Previous period:For the half-year ended 31 December 2024

2. Results for announcement to the market

% change 31 Dec 2025 31 Dec 2024
Revenues from ordinary activities down (36%) to 3,182,138 5,265,555
Loss from ordinary activities after tax attributable
to members down (25%) to (3,857,063) (3,079,465)
Net loss for the half-year attributable to the
members down (25%) to (3,857,063) (3,079,465)

Dividends

There were no dividends paid, recommended, or declared during the current financial period.

Comments

The loss for the Group after providing for income tax amounted to $3,857,063 (31 December 2024: loss of $3,079,465).

3. Net tangible assets

Reporting Previous
Period $ Period $
Net tangible assets per ordinary security 0.0016 0.0029

4. Operating Results

For commentary on the financial results please refer to the information provided in the Directors Report in the attached interim financial report. The half-year report should be read in conjunction with the most recent annual report.

5. Details Of Entities Over Which Control Has Been Gained Or Lost During The Period

Activeport Group Ltd established a new subsidiary company, Activeport Networks Pte Ltd, in Singapore. Besides the new Singapore entity, the Group did not gain or lose control over any entities during the half-year ended 31 December 2025.

6. Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

7. Details of associates and joint venture entities

The Group did not have any associates or participate in any joint ventures during the half-year ended 31 December 2025.

8. Audit of Financial Statements

This report is based on the attached half-year financial report which has been reviewed by our auditors. The auditor’s review report includes a material uncertainty related to going concern, as follows:

We draw attention to Note 1 of the interim financial report, which indicates that the Group incurred a loss of $3,857,063, had net operating cash outflows of $2,014,762 and net investing cash outflows of $1,467,846 for the half-year ended 31 December 2025. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.

9. Attachments

Details of attachments (if any):

The Interim Report of ActivePort Group Ltd and Controlled Entities for the half-year ended 31 December 2025 is attached.

This announcement has been authorised for release by the Board of Activeport Group Ltd.

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Interim Report 31 December 2025

Activeport Group Ltd and Controlled Entities ABN 24 636 569 634

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

1

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Table of Contents

General Information ............................................................................................................. 3 Directors’ Report .................................................................................................................. 4 Auditors Independent Declaration ....................................................................................... 7 Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2025 ..................................................................................................... 8 Consolidated Statement of Financial Position as at 31 December 2025 ............................... 9 Consolidated Statement of Changes in Equity for the half-year ended 31 December 2025 10 Consolidated Statement of Cash Flows for the half-year ended 31 December 2025 .......... 11 Notes to the Consolidated Financial Statements ............................................................... 12 Directors’ Declaration ......................................................................................................... 23 Independent Auditor’s Report ............................................................................................ 24

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

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General Information

The financial statements cover Activeport Group Ltd as a Group consisting of Activeport Group Ltd and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Activeport Group Ltd.’s functional and presentation currency.

Activeport Group Ltd is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is:

Level 28

140 St Georges Terrace Perth WA 6000

A description of the nature of the Group's operations and its principal activities is included in the directors' report, which is not part of the financial statements.

The financial statements were authorised for issue, in accordance with a resolution of directors, on 26 February 2026. The directors have the power to amend and reissue the financial statements.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

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Directors’ Report

The Directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the "Group") consisting of Activeport Group Ltd (referred to hereafter as the "Company", "ATV" or "parent entity") and the entities it controlled at the end of, or during the financial half-year ended 31 December 2025.

Directors

The following persons were directors of the Company during the whole of the financial half-year and up to the date of this report, unless otherwise stated:

P Christie Executive chairman
C Daly Non-executive director
K Soares Executive director
M Middleton Executive director

Principal activities

The Group’s primary assets are its network orchestration software, its network-as-service platform, and its services business. The Activeport software business derives high-margin revenue by licensing its software telco operators, data centre owners and cloud service providers.

Activeport generates revenue from five primary sources:

  1. Software license revenue from the network orchestration products licensed to telco, Isp and datacentre operators;

  2. Circuit revenue from our Network as a service (NaaS) platform in Australia;

  3. Software license revenue from GPU orchestration for cloud gaming and AI applications;

  4. Port revenue from our telco network to network integration (NNI) service (new); and

  5. Service revenue underpinning these products and customers.

Operating and financial review

Activeport’s revenue for the period to December 2025 was $3,182,138. Recurring SaaS revenue accounted for 80% of total revenue in line with our strategy of consolidating around our software-driven revenue streams.

Software segment revenue, when including an invoiced amount of $200,000 which has not met the recognition criteria at 31 December, increased by 56% on the prior corresponding period. With three new customers coming online in Q3, we expect continued growth in software revenue through the second half of FY26.

Activeport successfully delivered two major contracts with Tier 1 telco customers in the first half of FY26. We integrated a global network partner's NNI product to extend one customer's international reach and deployed our software-defined networking and orchestration technology with another leading ICT provider. Invoicing for both projects begins in Q3 and will grow with increased consumption of the customer network services.

GPU Software Success

Through our partner Radian Arc, we deployed a significant number of GPUs to support cloud gaming and highperformance workloads for two new Tier 1 telco customers in India and Thailand. In February 2026, Radian Arc was acquired by Submer Technologies, forming the foundation of their new InferX division dedicated to inference-optimized AI compute and AI-as-a-Service. This acquisition unlocks fresh collaboration opportunities beyond gaming into the booming AI sector.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

4

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Directors’ Report (continued)

Global Edge & Future Broadband

We integrated NBN circuits into our Global Edge network-as-a-service platform and successfully launched Private Cloud Connect, a powerful Layer-2 fibre solution delivering high-speed, on-demand bandwidth ports. This secure, flexible offering connects branches to Australia's leading colocation data centres and is ideal for private cloud operators powering cloud and AI/GPU workloads with fully automated orchestration.

Our subsidiary Future Broadband is migrating approximately 1,500 residential ISP customers to a new platform, enabling enhanced services for small businesses. This transition is expected to lift recurring revenue and deliver improved SaaS margins.

NNI Gateways

We're excited to introduce our new NNI gateways platform, a key advancement in our edge-to-edge orchestration suite. This innovative solution enables Tier 1 telco customers to interconnect seamlessly across countries and continents, automate carrier-to-carrier service delivery, and unlock new revenue streams through standardised, software-driven Network-to-Network Interfaces. We’re thrilled to announce that our first telco customer pair has been qualified and is now in advanced preparation for launch in Q4, marking a major milestone as we expand global carrier connectivity capacity. With strong interest from telco partners worldwide, this platform positions Activeport to drive additional revenue growth in the latter half of the year.

R&D Advancements

Our flagship orchestration software has moved to a high-availability architecture with upgraded role-based access controls, an enhanced product catalogue, improved event handling, and a refreshed user interface. These enhancements increase reliability and make the platform even more compelling for large-scale telco, data centre, and enterprise deployments.

We're on track to roll out our new NNI service in Q4, further expanding our edge-to-cloud orchestration capabilities across tier-1 telco networks globally.

Our GPU orchestration software version 2.5 was released, version 3.0 is due for release in Q3 and version 4.0 will be launched toward the end of the year. Each release refines the platform’s architecture and adds new features that accelerate game performance and optimises the capital cost of hosting games. This same technology is applicable to graphically intense AI applications, and we anticipate kicking off some new AI projects in the second half.

In line with the operating plan, additional sales resources and software engineers have been hired to grow our customer base, increase delivery cadence and drive faster revenue growth.

The company continues to build momentum in its core software revenue across orchestration, NaaS, GPU and with the first NNI customers due to go live, should accelerate through the second half.

Corporate

During the period the Company raised a total of $8,832,839 (gross) by way of a rights issue, a placement and the exercise of options.

The rights issue raised $2,498,099 and was fully underwritten and heavily oversubscribed with 72% of total shares issued to existing shareholders. The pro-rata terms were 1 for 2.75 and an issue price at 1 cent per share. For every 2 new shares issued, eligible shareholders received 1 free attaching new option with an exercise price of 2 cents, expiring on 30 November 2028. The Company issued 249,809,850 new shares.

The placement to institutional and sophisticated investors was to raise $6.68m. Tranche 1 included the issue of 66,220,533 shares at an issue price of $0.033 to raise $2,185,278. Tranche 2, which was subject to shareholder approval, was for 116,203,709 shares to raise $3,834,722. A balance of $660,000 for directors and senior managers remains outstanding at the date of this report.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

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Directors’ Report (continued)

The Company also received $314,740 from the exercise of options during the period.

The Company issued 227,389,398 bonus options (1 new option for each 5 shares held), with an expiry 31 Jan 2028 and an exercise price of 4 cents.

Activeport received R&D tax refund of $1.4m which was used to repay the loan secured against the R&D tax refund amounting to $1.16m, and reduced its borrowings from $2,634,117 at 30 June to $1,114,312 at 31 December, a reduction of $1,519,805.

Subsequent to the end of the half year, Radian Arc, a significant debtor paid US$302,500 (A$432,575) to reduce receivables and contribute further to our available cash.

Dividends

No dividends were paid or proposed to be paid to members during the half-year ended 31 December 2025 (31 December 2024: nil).

Events after the reporting period

There has been no matter or circumstance that has arisen since 31 December 2025 that has significantly affected, or may significantly affect:

  • the Group’s operations in future financial years;

  • the result of those operations in future financial years; or

  • the Group’s state of affairs in future financial years.

Auditor's independence declaration

A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this directors' report.

This report is made in accordance with a resolution of directors, pursuant to section 306(3)(a) of the Corporations Act 2001.

On behalf of the directors

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Peter Christie Chairman/ Interim Chief Executive Officer 26 February 2026

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

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AUDITOR’S INDEPENDENCE DECLARATION

As lead auditor for the review of the interim financial report of Activeport Group Ltd for the half-year ended 31 December 2025, I declare that, to the best of my knowledge and belief, there have been no contraventions of:

  • (i) The auditor independence requirements of the Corporations Act 2001 in relation to the review; and

  • (ii) Any applicable code of professional conduct in relation to the review.

RSM AUSTRALIA

Perth, WA Dated: 26 February 2026

MATTHEW BEEVERS Partner

RSM Australia Partners is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction. RSM Australia Partners ABN 36 965 185 036 Liability limited by a scheme approved under Professional Standards Legislation

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Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2025

Note
Revenue
3
Cost of goods sold
5
Gross profit
Other income
4
Net fair value gain/(loss) on investments
Distribution and marketing expenses
Administration expense
5
Impairment of receivables
5
Other expenses
5
Loss for the year from continuing operations
Finance income
Finance costs
5
Net finance costs
Loss before income tax expense
Income tax expense
Loss after income tax expense for the half-year
Items that may be reclassified subsequently to profit or loss
Foreign currency translation for a foreign operation
Other comprehensive (loss)/income for the half-year, net of
tax
Total comprehensive loss for the half-year
Loss per share for loss
Basic loss per share
12
Diluted loss per share
12		 Consolidated
31 December
2025
$
31 December
2024
$
3,182,138
5,265,555
(1,841,280)
(3,140,992)
1,340,858
2,124,563
-
173,954
22,457
35,631
(42,910)
(23,762)
(4,995,210)
(5,013,260)
(40,456)
-
(24,700)
(9,832)
(3,739,961)
(2,712,706)
58,597
36,786
(175,699)
(403,545)
(117,102)
(366,759)
(3,857,063)
(3,079,465)
-
-
(3,857,063)
(3,079,465)
(516)
114
(516)
114
(3,857,579)
(3,079,351)
Cents
Cents
(0.42)
(0.78)
(0.42)
(0.78)		 Consolidated
31 December
2025
$
31 December
2024
$
3,182,138
5,265,555
(1,841,280)
(3,140,992)
1,340,858
2,124,563
-
173,954
22,457
35,631
(42,910)
(23,762)
(4,995,210)
(5,013,260)
(40,456)
-
(24,700)
(9,832)
(3,739,961)
(2,712,706)
58,597
36,786
(175,699)
(403,545)
(117,102)
(366,759)
(3,857,063)
(3,079,465)
-
-
(3,857,063)
(3,079,465)
(516)
114
(516)
114
(3,857,579)
(3,079,351)
Cents
Cents
(0.42)
(0.78)
(0.42)
(0.78)
2,124,563
173,954
35,631
(23,762)
(5,013,260)
-
(9,832)
(2,712,706)
36,786
(403,545)
(366,759)
(3,079,465)
-
(3,079,465)
114
114
(3,079,351)
Cents
(0.78)
(0.78)

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

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Consolidated Statement of Financial Position as at 31 December 2025

Note
Assets
Current assets
Cash and cash equivalents
6
Trade and other receivables
7
Income tax receivables
Contract assets
Inventories
Financial assets at fair value through profit or loss
Financial asset at amortised cost
Total current assets
Non-current assets
Property, plant and equipment
Right-of-use assets
Intangibles
8
Financial asset at amortised cost
Total non-current assets
Total assets
Liabilities
Current liabilities
Trade and other payables
Contract liabilities
10
Borrowings
9
Lease liabilities
Employment benefits
Total current liabilities
Non-current liabilities
Borrowings
9
Lease liabilities
Provisions
Total non-current liabilities
Total liabilities
Net assets
Equity
Issued capital
11
Reserves
Accumulated losses
Total equity		 Consolidated
31 December
2025
$
30 June 2025
$
3,850,685
888,952
2,043,424
2,937,235
63,896
63,232
28,726
36,731
50,456
57,393
45,941
23,484
228,334
215,380
6,311,462
4,222,407
115,851
34,076
388,316
338,793
11,210,716
10,656,229
532,371
552,942
12,247,254
11,582,040
18,558,716
15,804,447
2,141,263
2,597,502
453,836
53,218
1,005,024
2,551,930
690,733
556,526
872,324
780,820
5,163,180
6,539,996
109,288
82,187
244,815
506,524
50,000
50,000
404,103
638,711
5,567,283
7,178,707
12,991,433
8,625,740
57,277,066
50,578,801
2,019,379
494,888
(46,305,012)
(42,447,949)
12,991,433
8,625,740		 Consolidated
31 December
2025
$
30 June 2025
$
3,850,685
888,952
2,043,424
2,937,235
63,896
63,232
28,726
36,731
50,456
57,393
45,941
23,484
228,334
215,380
6,311,462
4,222,407
115,851
34,076
388,316
338,793
11,210,716
10,656,229
532,371
552,942
12,247,254
11,582,040
18,558,716
15,804,447
2,141,263
2,597,502
453,836
53,218
1,005,024
2,551,930
690,733
556,526
872,324
780,820
5,163,180
6,539,996
109,288
82,187
244,815
506,524
50,000
50,000
404,103
638,711
5,567,283
7,178,707
12,991,433
8,625,740
57,277,066
50,578,801
2,019,379
494,888
(46,305,012)
(42,447,949)
12,991,433
8,625,740
4,222,407
34,076
338,793
10,656,229
552,942
11,582,040
15,804,447
2,597,502
53,218
2,551,930
556,526
780,820
6,539,996
82,187
506,524
50,000
638,711
7,178,707
8,625,740
50,578,801
494,888
(42,447,949)
8,625,740

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

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Consolidated Statement of Changes in Equity for the half-year ended 31 December 2025

Consolidated
Balance at 1 July 2024
Loss after income tax expense for the half-
year
Other comprehensive income for the half-
year, net of tax
Total comprehensive loss for the half-year
Transactions with owners in their capacity
as owners:
Issue of shares
Issue of options
Options expired
Share issue expenses
Balance at 31 December 2024
Consolidated
Balance at 1 July 2025
Loss after income tax expense for the half-
year
Other comprehensive loss for the half-year,
net of tax
Total comprehensive loss for the half-year
Transactions with owners in their capacity
as owners:
Issue of shares (Note 11)
Issue of options
Options expired
Share issue expenses (Note 11)
Balance at 31 December 2025		 Issued
capital
$
43,265,326
-
-
-
6,017,657
-
-
(557,155)
48,725,828
Issued
capital
$
50,578,801
-

-
-
8,870,839
-
-
(2,172,574)
57,277,066		 Option
reserves
$
546,653
-
-
-
-
152,023
(335,899)
121,010
483,787
Option
reserves
$
494,176
-
-
-
-
1,525,007
-
-
2,019,183		 Foreign
exchange
translation
reserve
$
(735)
-
114
114
-
-
-
-
(621)
Foreign
exchange
translation
reserve
$
712
-
(516)
(516)
-
-
-
-
196		 Accumulated
losses
$
(22,770,703)
(3,079,465)
-
(3,079,465)
-
-
335,899
-
(25,514,269)
Accumulated
losses
$
(42,447,949)
(3,857,063)
-
(3,857,063)
-
-
-
-
(46,305,012)		 Total
equity
$
21,040,541
(3,079,465)
114
(3,079,351)
6,017,657
152,023
-
(436,145)
23,694,725
Total
equity
$
8,625,740
(3,857,063)
(516)
(3,857,579)
8,870,839
1,525,007
-
(2,172,574)
12,991,433

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

10

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Consolidated Statement of Cash Flows

for the half-year ended 31 December 2025

Note
Operating activities:
Receipts from customers
Payments to suppliers and employees
Interest and lease charges paid
Interest received
Government grant received
Net cash used in operating activities
Investing activities:
Payments for property, plant and equipment
Payments for developed and purchase software
Payments for investments
Net cash used in investing activities
Financing activities:
Proceeds from borrowings
Share issue transaction costs
Proceeds from issue of shares
11
Proceeds from exercise of options
11
Repayment of borrowings
Repayment of lease liabilities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash & cash equivalents at the beginning of the financial half-
year
Cash and cash equivalents at the end of the financial half-year		 Consolidated
31 December
2025
$
31 December
2024
$
3,513,709
5,903,257
(6,913,052)
(8,672,058)
(94,663)
(237,942)
46,595
18,091
1,432,649
1,513,670
(2,014,762)
(1,474,982)
(95,209)
(1,265)
(1,278,764)
(1,452,409)
(93,873)
-
(1,467,846)
(1,453,674)
321,275
-
(647,567)
(436,143)
8,518,099
6,017,657
314,740
-
(1,841,079)
(1,150,276)
(221,127)
(185,499)
6,444,341
4,245,739
2,961,733
1,317,083
888,952
1,271,811
3,850,685
2,588,894		 Consolidated
31 December
2025
$
31 December
2024
$
3,513,709
5,903,257
(6,913,052)
(8,672,058)
(94,663)
(237,942)
46,595
18,091
1,432,649
1,513,670
(2,014,762)
(1,474,982)
(95,209)
(1,265)
(1,278,764)
(1,452,409)
(93,873)
-
(1,467,846)
(1,453,674)
321,275
-
(647,567)
(436,143)
8,518,099
6,017,657
314,740
-
(1,841,079)
(1,150,276)
(221,127)
(185,499)
6,444,341
4,245,739
2,961,733
1,317,083
888,952
1,271,811
3,850,685
2,588,894
(1,474,982)
(1,265)
(1,452,409)
-
(1,453,674)
-
(436,143)
6,017,657
-
(1,150,276)
(185,499)
4,245,739
1,317,083
1,271,811
2,588,894

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

11

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Notes to the Consolidated Financial Statements

Note 1. Material accounting policy information

These general purpose financial statements for the half-year reporting period ended 31 December 2025 have been prepared in accordance with Australian Accounting Standard AASB 134 'Interim Financial Reporting' and the Corporations Act 2001, as appropriate for for-profit oriented entities. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS 34 'Interim Financial Reporting'.

These general purpose financial statements do not include all the notes of the type normally included in annual financial statements. Accordingly, these financial statements are to be read in conjunction with the annual report for the year ended 30 June 2025 and any public announcements made by the Group during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except for the policies stated below.

New or amended Accounting Standards and Interpretations adopted

The Group has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period.

Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.

Going concern

The Group reported had a net asset position of $12,991,433 and net current assets of $1,148,282 as at 31 December 2025 and incurred a loss after income tax of $3,857,063 and net operating cash outflow of $2,014,762 and net investing cash outflow of $1,467,846 for the half-year ended 31 December 2025.

The Group’s ability to continue as a going concern and meet its debts and future commitments as and when they fall due is dependent on a number of factors, including:

  • delivery of existing and new products through the Group's distribution network to generate sales revenues and positive cash flows; and

  • the ability of the Group to raise additional funding.

The Company raised of $8,832,839 (gross) by way of a rights issue, a placement and the exercise of options during the period.

The Directors consider the going concern basis of preparation to be appropriate based on forecast cash flows and confidence in raising additional funds, if necessary. The Group does not expect significant change to market conditions. The Directors believe that it Activeport has the ability to raise further capital, either as equity or debt, for business-as-usual operations.

In the event that the Group is not successful in generating anticipated revenue from the delivery of existing and new products in managing the discretionary expenditure as well as in raising funds from short term financing or from the issue of new equity or settlement of the cloud gaming software licence, there exists a material uncertainty that may cast doubt on the Group's ability to continue as a going concern and realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.

The financial statements do not include any adjustment relating to the recoverability or classification of recorded asset amounts or to the amounts or classification of liabilities that might be necessary should the Group not be able to continue as a going concern.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

12

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Note 2. Operating segment information

The reportable segments are identified on the basis of internal reports on the business units of the Group that are regularly reviewed by the Chief Operating Decision Makers, in order to allocate resources to the segment and assess its performance. These reportable segments offer different products and services, or service different customer types, and are managed separately. The Group’s reportable segments are as follows:

  • Activeport Software – Network orchestration software licenses to telcos and data centre operators globally;

  • Activeport SaaS – Network ecosystem orchestration in Australia and New Zealand;

  • Corporate – comprises of support services including property and Group overhead costs, consolidation and elimination journals which are not considered separately reportable segments.

The segment information for the half-year to December 2025 is as follows:

Consolidated – 31 Dec 2025
Revenue
Sales to external customers
Intersegment sales
Total sales revenue
Other income
Total segment revenue
Intersegment eliminations
Total revenue and other income
EBITDA
Depreciation and amortisation
Impairment of receivables
Net fair value loss on financial asset
Interest income
Finance costs
Loss before income tax expense
Income tax expense
Loss after income tax expense
Assets
Segment assets
Intersegment eliminations
Total assets
Total assets include:
Acquisition of non-current assets
Liabilities
Segment liabilities
Intersegment eliminations
Total liabilities		 Activeport
Software
$
614,250
102,914		 Activeport

SaaS
$
2,561,083
4,361		 Corporate
services
$
6,805
-
Total
$
3,182,138
107,275
717,164
-		 2,565,444
-		 6,805
-		 3,289,413
-
717,164 2,565,444 6,805 3,289,413
(107,275)
(436,610) (356,001) (2,071,941)
3,182,138
(2,864,552)
(857,410)
(40,456)
22,457
58,597
(175,699)
5,472,430 2,388,509

17,930,525
(3,857,063)
-
(3,857,063)
25,791,464
(7,232,748)
1,370,565 729
3,025
18,558,716
1,374,319
5,994,385 4,515,329 2,290,317 12,800,031
(7,232,748)
5,567,283

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

13

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Note 2. Operating segment information (continued)

Consolidated – 31 Dec 2024
Revenue
Sales to external customers
Intersegment sales
Total sales revenue
Other income
Total segment revenue
Intersegment eliminations
Total revenue and other income
EBITDA
Depreciation and amortisation
Interest income
Finance costs
Loss before income tax expense
Income tax expense
Loss after income tax expense		 Activeport
Software
$
521,012
124,198		 Activeport

SaaS
$
4,723,895
5,585		 Corporate
services
$
20,648
-
Total
$
5,265,555
129,783
645,210
173,954		 4,729,480
-		 20,648
-		 5,395,338
173,954
819,164 4,729,480 20,648 5,569,292
(129,783)
(52,838) (243,271) (1,731,904)
5,439,509
(2,028,013)
(684,693)
36,786
(403,545)

(3,079,465)
-
(3,079,465)

Note 3. Sales of goods and services

From continuing operations
Revenue from contracts with customers
Sale of goods
Rendering of services
Other revenue
Other revenue
Revenue from continuing operations
Revenue from contracts with customers
Activeport software
Hardware sales
Licensing sale
Managed services
Network revenue
Professional fees
Other revenue		 Consolidated
31 December
2025
31 December
2024
$
$
-
876,799
3,139,475
4,314,499
3,139,475
5,191,298
42,663
74,257
3,182,138
5,265,555
Consolidated
31 December
2025
31 December
2024
$
$
614,249
521,507
-
876,799
505,603
852,699
376,999
560,659
1,047,959
1,182,934
594,665
1,196,700
42,663
74,257
3,182,138
5,265,555		 Consolidated
31 December
2025
31 December
2024
$
$
-
876,799
3,139,475
4,314,499
3,139,475
5,191,298
42,663
74,257
3,182,138
5,265,555
Consolidated
31 December
2025
31 December
2024
$
$
614,249
521,507
-
876,799
505,603
852,699
376,999
560,659
1,047,959
1,182,934
594,665
1,196,700
42,663
74,257
3,182,138
5,265,555
5,265,555

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

14

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Note 3. Sales of goods and services (continued)

Disaggregation of revenue
The disaggregation of revenue from contracts with customers is as
follows:
Geographical regions
Australia
New Zealand
Asia
Europe
Africa
Timing of revenue recognition
Goods delivered/services rendered at a point in time
Goods delivered/services rendered over time
Note 4. Other income
Sundry income
Research and development tax incentive rebate
Other income
Note 5. Expenses
Loss before income tax from continuing operations includes the
following specific expenses
Cost of goods sold
Cost of goods sold
Impairment of receivables
Impairment of receivables
Finance costs
Interest and finance charges paid/payable on borrowings
Interest and finance charges paid/payable on lease liabilities
Other expenses
Net foreign exchange loss
Superannuation expense
Defined contribution superannuation expense
Administration expense
Depreciation and amortisation
Employment benefits expense including superannuation expense
Other administration expense		 Consolidated
31 December
2025
31 December
2024
$
$
3,099,584
5,188,681
-
11,980
57,556
49,754
-
15,140
24,998
-
3,182,138
5,265,555
265,463
1,499,160
2,916,675
3,766,395
3,182,138
5,265,555
Consolidated
31 December
2025
31 December
2024
$
$
-
108,669
-
65,285
-
173,954
Consolidated
31 December
2025
31 December
2024
$
$
1,841,280
3,140,992
40,456
-
137,622
366,551
38,077
36,994
175,699
403,545
24,700
9,832
343,299
323,242
857,410
684,693
2,630,294
3,268,016
1,507,506
1,060,551
4,995,210
5,013,260		 Consolidated
31 December
2025
31 December
2024
$
$
3,099,584
5,188,681
-
11,980
57,556
49,754
-
15,140
24,998
-
3,182,138
5,265,555
265,463
1,499,160
2,916,675
3,766,395
3,182,138
5,265,555
Consolidated
31 December
2025
31 December
2024
$
$
-
108,669
-
65,285
-
173,954
Consolidated
31 December
2025
31 December
2024
$
$
1,841,280
3,140,992
40,456
-
137,622
366,551
38,077
36,994
175,699
403,545
24,700
9,832
343,299
323,242
857,410
684,693
2,630,294
3,268,016
1,507,506
1,060,551
4,995,210
5,013,260
-
366,551
36,994
403,545
9,832
323,242
684,693
3,268,016
1,060,551
5,013,260

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

15

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Note 6. Current assets - cash and cash equivalents

Cash at bank Consolidated
31 December
2025
30 June
2025
$
$
3,850,685
888,952

Note 7. Current assets – trade and other receivables

Trade receivables
Prepayments
Research and development receivables
Other receivables
Note 8. Non-current assets – intangibles
Non-current assets
Goodwill
Less: Impairment
Developed software – at cost
Less: Accumulated amortisation
Less: Impairment
Developed intellectual property – at cost
Less: Accumulated amortisation
Customer relationship – at cost
Less: Accumulated amortisation
Purchased software – at cost
Less: Accumulated amortisation
Total Intangibles		 Consolidated
31 December
2025
30 June
2025
$
$
1,480,428
929,479
245,922
260,033
-
1,404,649
317,074
343,074
2,043,424
2,937,235
Consolidated
31 December
2025
30 June
2025
$
$
24,110,937
24,110,937
(19,004,386)
(19,004,386)
5,106,551
5,106,551
9,632,739
8,353,975
(3,445,297)
(2,811,441)
(325,312)
(325,312)
5,862,130
5,217,222
303,750
303,750
(267,133)
(236,508)
36,617
67,242
1,007,219
1,007,219
(801,801)
(742,184)
205,418
265,035
101,121
101,121
(101,121)
(100,942)
-
179
11,210,716
10,656,229		 Consolidated
31 December
2025
30 June
2025
$
$
1,480,428
929,479
245,922
260,033
-
1,404,649
317,074
343,074
2,043,424
2,937,235
Consolidated
31 December
2025
30 June
2025
$
$
24,110,937
24,110,937
(19,004,386)
(19,004,386)
5,106,551
5,106,551
9,632,739
8,353,975
(3,445,297)
(2,811,441)
(325,312)
(325,312)
5,862,130
5,217,222
303,750
303,750
(267,133)
(236,508)
36,617
67,242
1,007,219
1,007,219
(801,801)
(742,184)
205,418
265,035
101,121
101,121
(101,121)
(100,942)
-
179
11,210,716
10,656,229
5,106,551
8,353,975
(2,811,441)
(325,312)
5,217,222
303,750
(236,508)
67,242
1,007,219
(742,184)
265,035
101,121
(100,942)
179
10,656,229

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

16

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Note 8. Non-current assets – intangibles (continued)

Reconciliations

Reconciliations of the written down values at the beginning and end of the current financial half-year are set out below:

Consolidated
Balance at 1 July 2025
Additions
Amortisation expense
Balance at 31 December
2025		 Goodwill
$ 5,106,551
-
-		 Developed
software
$ 5,217,222
1,278,764
(633,856)		 Developed
intellectual
property
$ 67,242
-
(30,625)		 Customer
relationships
$ 265,035
-
(59,617)
205,418		 Purchased
software
$ 179
-
(179)		 Total
$ 10,656,229
1,278,764
(724,277)
5,106,551 5,862,130 36,617 - 11,210,716

Note 9. Borrowings

Current liabilities
Secured loan(1)
Unsecured loan – related party(2)
Loan – other(3)
Non-current liabilities
Secured loan(1)
Unsecured loan – related party(2)		 Consolidated
31 December
2025
30 June
2025
$
$
9,690
-
340,880
333,982
654,454
2,217,948
1,005,024
2,551,930
42,320
-
66,968
82,187
109,288
82,187		 Consolidated
31 December
2025
30 June
2025
$
$
9,690
-
340,880
333,982
654,454
2,217,948
1,005,024
2,551,930
42,320
-
66,968
82,187
109,288
82,187
2,551,930
-
82,187
82,187

(1) This loan was obtained to purchase office equipment, incurred interest at 7% per annum.

(2) This is related party loan, please refer to note 16 for more information. The weighted average interest rate is 6%.

(3) Other loan incurred during the business operation. The weighted average interest rate is 10%.

Note 10. Current liabilities – contract liabilities

Consolidated Consolidated
31 December 30 June
2025 2025
$ $
Contract liabilities 453,836 53,218

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

17

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Note 10. Current liabilities – contract liabilities (continued)

Reconciliation

Reconciliation of the written down values at the beginning and end of the current and previous financial year are set out below:

Opening balance
Payments received in advance
Transfer to revenue		 Consolidated
31 December
2025
30 June
2025
$
$
53,218
313,760
753,130
53,218
(352,512)
(313,760)
453,836
53,218		 Consolidated
31 December
2025
30 June
2025
$
$
53,218
313,760
753,130
53,218
(352,512)
(313,760)
453,836
53,218
53,218

Note 11. Issued capital

31 Dec 2025
Shares
Ordinary shares – fully paid
1,136,948,192
Movement in ordinary share capital
Details
Date		 Consolidated
30 Jun 2025 31 Dec 2025
Shares
$
684,977,087 57,277,066		 Consolidated
30 Jun 2025 31 Dec 2025
Shares
$
684,977,087 57,277,066		 30 Jun 2025
$
50,578,801
Shares Issueprice $
Balance at 1 July 2025
684,977,087
Issue of shares to key management personnel 2 July 2025
2,000,000
Issue of shares (rights issue)
29 August 2025
249,809,850
Issue of shares (exercise of options)
18 September 2025
1,370,375
Issue of shares to corporate advisor
17 September 2025
2,000,000
Issue of shares (placement)
29 September 2025
66,220,533
Issue of shares (exercise of options)
29 September 2025
1,537,664
Issue of shares (exercise of options)
10 October 2025
581,569
Issue of shares (exercise of options)
23 October 2025
2,258,731
Issue of shares (exercise of options)
10 November 2025
54,545
Issue of shares (exercise of options)
21 November 2025
4,465,259
Issue of shares (placement)
28 November 2025
116,203,709
Issue of shares (exercise of options)
2 December 2025
5,177,265
Issue of shares (exercise of options)
4 December 2025
291,605
Capital raisingcosts
-		 $0.009 each
$0.01 each
$0.02 each
$0.01 each
$0.033 each
$0.02 each
$0.02 each
$0.02 each
$0.02 each
$0.02 each
$0.033 each
$0.02 each
$0.02 each		 50,578,801
18,000
2,498,099
27,408
20,000
2,185,278
30,753
11,631
45,175
1,091
89,305
3,834,722
103,545
5,832
(2,172,574)
Share on issue at 31 December 2025
1,136,948,192		 57,277,066

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

18

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Note 11. Issued capital (continued)

Share options

Details
Details Date Expiry Options Exerciseprice
Attaching options to placement 21 November 2023 30 November 2026 19,500,000
$0.20 each
Zero Exercise Price Options (class H) 27 November 2024 27 November 2029 7,800,000
Nil
Zero Exercise Price Options (class I) 27 November 2024 27 November 2029 7,800,000
Nil
Zero Exercise Price Options (class J) 27 November 2024 27 November 2029 10,400,000
Nil
Attaching options to placement 27 November 2024 30 November 2026 31,400,000
$0.20 each
Attaching options to rights issue 27 November 2024 27 November 2027 76,662,867
$0.10 each
Issue of option 5 March 2025 27 November 2027 4,000,000
$0.10 each
Attaching options to rights issue 29 August 2025 30 November 2028 124,904,833
$0.02 each
Option exercised 18 September 2025 30 November 2028 (1,370,375)
$0.02 each
Option exercised 29 September 2025 30 November 2028 (1,537,664)
$0.02 each
Option exercised 10 October 2025 30 November 2028 (581,569)
$0.02 each
Option exercised 23 October 2025 30 November 2028 (2,258,731)
$0.02 each
Option exercised 10 November 2025 30 November 2028 (54,545)
$0.02 each
Option exercised 21 November 2025 30 November 2028 (4,465,259)
$0.02 each
Attaching options to rights issue 28 November 2025 30 November 2028 49,961,970
$0.02 each
Option exercised 2 December 2025 30 November 2028 (5,177,265)
$0.02 each
Attaching options to placement 3 December 2025 31 January 2029 40,484,849
$0.066 each
Option exercised 4 December 2025 30 November 2028 (291,605)
$0.02 each
Issue of bonus option 18 December 2025 31 January2028 227,389,398
$0.04 each
Option on issue at 31 December 2025 584,566,904

Movement on share options

Details Expiry Date Options Exerciseprice
Options on issue 1 July 2025 157,562,867
Attaching options issued to subscribers for rights issue 30 November 2028 124,904,833 $0.02 each
Option exercised 30 November 2028 (1,370,375) $0.02 each
Option exercised 30 November 2028 (1,537,664) $0.02 each
Option exercised 30 November 2028 (581,569) $0.02 each
Option exercised 30 November 2028 (2,258,731) $0.02 each
Option exercised 30 November 2028 (54,545) $0.02 each
Option exercised 30 November 2028 (4,465,259) $0.02 each
Attaching options issued to lead manager for rights issue 30 November 2028 49,961,970 $0.02 each
Option exercised 30 November 2028 (5,177,265) $0.02 each
Attaching options issued to lead manager for placement 31 January 2029 40,484,849 $0.066 each
Option exercised 30 November 2028 (291,605) $0.02 each
Bonus options issued 31 January2028 227,389,398 $0.04 each
Options on issue 31 December 2025 584,566,904

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

19

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Note 12. Loss per share

Loss per share for profit from continuing operations
Loss after income tax attributable to the owners of Activeport Group
Ltd
Basic earnings per share
Diluted earnings per share
Weighted average number of ordinary shares
Weighted average number of ordinary shares used in
calculating basic loss and diluted loss per share		 Consolidated
31 December
2025
31 December
2024
$
$
(3,857,063)
(3,079,465)
Cents
Cents
(0.42)
(0.78)
(0.42)
(0.78)
Numbers
Numbers
915,260,361
394,959,606		 Consolidated
31 December
2025
31 December
2024
$
$
(3,857,063)
(3,079,465)
Cents
Cents
(0.42)
(0.78)
(0.42)
(0.78)
Numbers
Numbers
915,260,361
394,959,606
Cents
(0.78)
(0.78)
Numbers
394,959,606

Note 13. Share based payment arrangements

The following share-based payments arrangements were issued during the reporting period:

Issue of Shares Number
Grant Date		 Issue Price Issue Price
Fair		 Value at Grant
Date
$
Issue of shares to Employee 2,000,000 2 July 2025 $0.009 each $18,000
Issue of shares to Corporate Advisor 2,000,000 17 September 2025
$0.010 each		 $20,000
Options on issue Number Grant Date Expiry date Exercise
 Fair value at
price grant date
$ $
Options to Lead Mgr – rights issue 49,961,970 28 Nov 2025 30 Nov 2028 0.020 0.01954
Options to Lead Mgr – placement 40,484,849 3 Dec 2025 31 Jan 2029 0.066 0.01356

On 2 July 2025, the Company issued 2,000,000 shares under the Company’s Employee Incentive Securities Plan to provide a performance incentive component in the remuneration package of the employees. On 17 September 2025, the Company issued 2,000,000 shares to the corporate advisor in settlement of advisory services fee.

During the period, the Company issued options to lead managers for a rights issue and placement were valued using the Black Scholes option pricing model.

The following inputs were used:

The following inputs were used:
Lead Manager Options Lead Manager
Type of option – Rights Issue Options – Placement
Grant date share price $0.028 $0.028
Exercise price $0.020 $0.066
VWAP Hurdle Nil Nil
Expected volatility 100% 100%
Option life 3 years 3 years
Interest rate 4.22% 4.22%

Note 14. Dividends

There were no dividends paid, recommended or declared during the current or previous financial half-year.

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities.

20

31 December 2025

==> picture [594 x 76] intentionally omitted <==

Note 15. Contingent liabilities and commitments

There are no significant contingencies as at 31 December 2025 (30 June 2025: Nil).

There are no outstanding capital commitments as at 31 December 2025 (30 June 2025: Nil).

Note 16. Related party transactions

Ultimate parent entity

Activeport Group Ltd is the ultimate parent, based and listed in Australia.

Transactions with related parties

The following transactions occurred with related parties:

The following transactions occurred with related parties:
Consolidated
31 December 31 December
2025 2024
$ $
Purchase from related parties:
Acurix Networks Pty Ltd (a related entity of Mark Middleton) 12,191 12,191
Nexion Networks Pty Ltd (a director-related entity of Peter Christie) 22,321 42,962
Sales to related parties:
Radian Arc Limited (a director-related entity of Peter Christie)(1) - 302,120
Acurix Networks Pty Ltd (a related entity of Mark Middleton) - 6,125
Nexion Networks (a director-related entity of Peter Christie) 15,193 14,648

(1) Radian Arc ceased being a related party effective 14 November 2024 when Mr Christie resigned as director of that entity.

Receivable from and payable to related parties

The following balances are outstanding at the reporting date in relation to transactions with related parties:

Consolidated Consolidated
31 December 30 June
2025 2025
$ $
Current receivables:
Nexion Networks Pty Ltd (a director-related entity of Peter Christie) 1,538 4,305
Current payables:
Acurix Networks Pty Ltd (a related entity of Mark Middleton) - 18,623
Nexion Networks Pty Ltd (a director-related entity of Peter Christie) 3,952 2,635

Loan from and payable to related parties

The following balances are outstanding at the reporting date in relation to transactions with related parties:

Consolidated Consolidated
31 December 30 June
2025 2025
$ $
Current liabilities
Loan – Mark Middleton 120,895 120,895
Loan – Acurix Networks Pty Ltd 169,366 169,366
Loan – Kathryn Soares 14,264 7,366
Non-current liabilities
Loan – Kathryn Soares 66,968 82,187

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

21

==> picture [594 x 76] intentionally omitted <==

Note 17. Fair value estimation

The Group's principal financial instruments comprise receivables, payables, interest bearing borrowings and overdrafts, cash, and short-term deposits. All financial instruments are carried at amounts not materially different from their fair values as at 31 December 2025.

The carrying value of trade and other receivables and payables are assumed to approximate their fair values due to their short-term nature.

The fair value of financial liabilities is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the Group for similar financial instruments. The directors consider that the change in interest rates will not cause a significant impact on the fair values of the financial liabilities. No financial liabilities instruments are carried at fair value.

The carrying amount of financial assets measured at fair value through profit and loss is principally calculated based on quoted prices (unadjusted) that are observable in the active market. Where no price information is available from a quoted market source, fair value is estimated based on the recent comparable transactions.

The Group uses the following hierarchy to categorise the inputs to the valuation method used based on the lowest level of input that is significant to the entire fair value measurement, being:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Unobservable inputs for the asset or liability.

Assets
Fair Value
Hierarchy Level
Classification
(1,2 or 3)
Listed ordinary
shares
1
at fair value through
profit or loss
Total assets		 Consolidated
31 December
30 June
2025
2025
$
$
45,941
23,484
45,941
23,484		 Consolidated
31 December
30 June
2025
2025
$
$
45,941
23,484
45,941
23,484
23,484

There were no transfers between levels during the financial half-year.

Note 18. Events after the reporting period

There were no other matters or circumstances that have arisen since the end of the financial year which have significantly affected or may significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial periods

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

22

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Directors’ Declaration

In the directors' opinion:

  • the attached financial statements and notes comply with the Corporations Act 2001, Australian Accounting Standard AASB 134 'Interim Financial Reporting', the Corporations Regulations 2001 and other mandatory professional reporting requirements;

  • the attached financial statements and notes give a true and fair view of the Group's financial position as at 31 December 2025 and of its performance for the financial half-year ended on that date; and

  • there are reasonable grounds to believe that the Group will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of directors made pursuant to section 303(5)(a) of the Corporations Act 2001.

On behalf of the directors

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Peter Christie Chairman/ Interim Chief Executive Officer

26 February 2026

Activeport Group Ltd. ABN 24 636 569 634 and controlled entities. 31 December 2025

23

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INDEPENDENT AUDITOR’S REVIEW REPORT TO THE MEMBERS OF ACTIVEPORT GROUP LTD

Report on the Interim Financial Report

Conclusion

We have reviewed the accompanying interim financial report of Activeport Group Ltd ( Company ) and its subsidiaries ( Group ), which comprises the consolidated statement of financial position as at 31 December 2025, the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the half-year ended on that date, notes comprising a summary of material accounting policies and other explanatory information, and the directors’ declaration of the Group comprising the Company and the entities it controlled at the half-year end or from time to time during the half-year.

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the interim financial report of Activeport Group Ltd is not in accordance with the Corporations Act 2001 including:

  • (a) Giving a true and fair view of the Group’s financial position as at 31 December 2025 and of its performance for the half-year ended on that date; and

  • (b) Complying with Accounting Standard AASB 134 Interim Financial Reporting and Corporations Regulations 2001 .

Material uncertainty related to going concern

We draw attention to Note 1 of the interim financial report, which indicates that the Group incurred a loss of $3,857,063, had net operating cash outflows of $2,014,762 and net investing cash outflows of $1,467,846 for the half-year ended 31 December 2025. As stated in Note 1, these events or conditions, along with other matters as set forth in Note 1, indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our conclusion is not modified in respect of this matter.

RSM Australia Partners is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction. RSM Australia Partners ABN 36 965 185 036 Liability limited by a scheme approved under Professional Standards Legislation

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Basis for conclusion

We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity . Our responsibilities are further described in the Auditor’s responsibility for the review of the financial report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) ( Code ) that are relevant to our audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We confirm that the independence declaration required by the Corporations Act 2001 , which has been given to the directors of Activeport Group Ltd, would be in the same terms if given to the directors as at the time of this auditor’s review report.

Directors’ responsibility for the interim financial report

The directors of the Activeport Group Ltd are responsible for the preparation of the interim financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the interim financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s responsibility for the review of the financial report

Our responsibility is to express a conclusion on the interim financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity , in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the interim financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the Group’s financial position as at 31 December 2025 and its performance for the half-year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001 .

A review of an interim financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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RSM AUSTRALIA

Perth, WA Dated: 26 February 2026

MATTHEW BEEVERS Partner

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