ACUSENSUS LIMITED. — Interim / Quarterly Report 2026

Feb 25, 2026

Acusensus Limited Appendix 4D Half-year report

1. Company details

Name of entity: Acusensus Limited ABN: 17 625 231 941 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

2. Results for announcement to the market
				31 Dec 2025 31 Dec 2024
				$’000	$’000
Revenues from ordinary activities	up	40%	to	40,280	28,787
Loss from ordinary activities after tax attributable to the owners
of Acusensus Limited	up	n/m	to	(20,813)	(511)
Loss for the half-year attributable to the owners of Acusensus
Limited	up	n/m	to	(20,813)	(511)

Dividends

There were no dividends paid, recommended or declared for the half-year ended 31 December 2025 nor for the comparative half-year ended 31 December 2024.

Comments

The consolidated entity’s revenue for the half-year ended 31 December 2025 totalled $40.3 million. This represented an increase of 40% compared to the half-year ended 31 December 2024. The increase in revenue is largely due to:

• New contracts for New Zealand mobile speed and Western Australia trailer multi-function programs;

• Increased units for the Queensland distracted driving;

• Growth from USA market; and

• Inflation based increases in selected existing contracts.

The consolidated entity reported a loss after income tax expense of $20.8 million. Despite revenue growth, losses widened due to additional costs to support incremental revenue, strategic investments in future growth and litigation related expenses which included $16.0 million settlement costs.

Due to the settlement with Redflex Traffic Systems Pty Ltd being reached prior to the Board’s authorisation of the half-year financial statements, the Company has adjusted the half-year financial statements to reflect a settlement expense and corresponding provision of $16.0 million within this financial period, in accordance with the Accounting Standard AASB 110 Events after the Reporting Period.

3. Net tangible assets

Net tangible assets per ordinary security	31 Dec 2025 $ 0.33	31 Dec 2024 $ 0.32

4. Control gained or lost over entities

Not applicable.

Acusensus Limited Appendix 4D Half-year report

5. Dividends

There were no dividends paid, recommended or declared for the half-year ended 31 December 2025 nor for the comparative half-year ended 31 December 2024.

6. Dividend reinvestment plan

Not applicable.

7. Details of associates and joint venture entities

Not applicable.

8. Foreign entities

The Company’s foreign entities include Acusensus, Inc. (incorporated in the United States), Acusensus UK Limited (incorporated in the United Kingdom) and Acusensus NZ Limited (incorporated in New Zealand). The Company’s foreign entities’ financial results are compiled in accordance with International Financial Reporting Standards (IFRS).

9. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements were subject to a review by the auditors and the review report is attached as part of the half-year financial statements.

10. Attachments

Details of attachments (if any):

The half-year financial statements of Acusensus Limited for the half-year ended 31 December 2025 is attached.

11. Signed

Signed _________

Date: 26 February 2026

Alexander Jannink Director Melbourne, Australia

==> picture [34 x 34] intentionally omitted <==

Acusensus Limited

ACN 625 231 941

Half-Year Financial Statements – 31 December 2025

Acusensus Limited Directors' report 31 December 2025

==> picture [34 x 34] intentionally omitted <==

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

Directors

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

Alexander Jannink Ravin Mirchandani Susan Klose Michael Giuffrida

Principal activities

During the financial half-year the principal activities of the consolidated entity consisted of the provision of world-leading technology to detect and capture prosecutable evidence of drivers’ illegal mobile phone use, seatbelt use, and speed detection.

There have been no significant changes in the nature of these activities during the half-year.

Review of operations

The consolidated entity’s revenue for the half-year ended 31 December 2025 totalled $40.3 million. This represented an increase of 40% compared to the half-year ended 31 December 2024. The increase in revenue is largely due to:

• New contracts for New Zealand mobile speed and Western Australia trailer multi-function programs;

• Increased units for the Queensland distracted driving and seatbelt;

• Growth from USA market; and

• Inflation based increases in selected existing contracts.

The consolidated entity reported a loss after income tax expense of $20.8 million. Despite revenue growth, losses widened due to additional costs to support incremental revenue, strategic investments in future growth and higher litigation related costs which included $16 million settlement.

Since 1 July 2025, Acusensus has signed several new and expanded material contracts, including the following:

• On 17 September 2025, Western Australia Road Safety Commission executed a five-year contract with Acusensus for the supply of multi-function fixed site safety cameras to simultaneously detect mobile phone usage, seatbelt noncompliance, speeding, “redX” lane violations and unregistered vehicles with an estimated base contract value of $8.7 million (excluding GST) over the initial five-year term;

• On 7 October 2025, Connecticut Department of Transportation executed a five-year contract with Acusensus for the supply of automated speed enforcement in work zones through the deployment of up to 15 trailers and/or vehicles. This is valued at an estimated contract amount of US$22.6 million;

• On 31 October 2025, Queensland Department of Transport and Main Roads expanded its existing trailer-based speed enforcement program with Acusensus to add trailer units over throughout 2026 with each unit to be utilised for an initial term of five years. The incremental contract value is estimated to be $16.6 million (excluding GST) over the initial five-year term.

The business has continued to build interest and awareness in the Company’s solutions outside of Australia with the international business increasing its contribution to 22% of group revenue for 1H FY26. This was mainly contributed by the New Zealand mobile speed program, with 44 trailer and vehicle assets available for 24/7 deployment across 16 regions.

The Company has kept up the pace with research and development activities. The Company remains committed to innovation through the strategic advancement of the Forsite business segment. Formally launched in October 2025, the Forsite brand was established to emphasise the product’s focus on predictive safety rather than reactive reporting. The segment is demonstrating early market maturity by undertaking a number of pilots and securing long-term contracts with four customers¹. While currently in a high-growth investment phase, the focus remains on scaling operational capability and accelerating R&D to establish an early leadership position in predictive, connected roadside worker safety.

1. Customers with a contract term of 1 year or more, as at 15 February 2026.

1

Acusensus Limited Directors' report 31 December 2025

==> picture [33 x 34] intentionally omitted <==

ignificant changes in the state of affairs

On 12 December 2025, the Company established a new debt facility with Citibank N.A. to support growth opportunities and provides access to facilities such as revolving credit, accordion, bank guarantee and letter of credit. The debt facility has financial covenants of interest cover ratio and net leverage ratio and is secured by way of charge over assets of Acusensus and certain group subsidiaries.

Reflecting the significant growth in the total contracted value of the business and the opportunities in front of it, the Company further set itself up for long term success by conducting a $30.0 million equity raise in December 2025. The capital provides additional balance sheet strength to support future growth opportunities and investments in new solutions.

There were no other significant changes in the state of affairs of the consolidated entity during the financial half-year.

Matters subsequent to the end of the financial half-year

On 6 February 2026, Acusensus Limited announced that it has reached a global settlement with Redflex Traffic Systems Pty Ltd (Redflex) in relation to the Federal Court proceedings that Redflex served in June 2025 on Acusensus IP Pty Ltd (a subsidiary of the Company), the Company and Acusensus’ Managing Director, Alexander Jannink.

The key outcomes of the settlement agreement are as follows:

• The proceedings will be dismissed with no order as to costs, subject to the Court making final orders to that effect.

• Without admission of liability or any wrongdoing, the Company will provide a total settlement package valued at $16 million to VM Consolidated, Inc., a wholly owned subsidiary of Verra Mobility (NASDAQ:VRRM) (the parent company of Redflex), comprising of a cash component of $6 million and 6,136,475 new shares in the Company to be held in voluntary escrow for 12 months.

• Acusensus IP Pty Ltd continues to be the registered proprietor of its existing worldwide patent portfolio and continues to use its technology unencumbered.

• Acusensus has agreed to provide a global non-exclusive licence of relevant patents held by Acusensus IP Pty Ltd to relevant Redflex entities and their affiliates.

• The parties and their affiliates have released one another from all claims on a worldwide basis related to the dispute and any associated actions.

• Redflex undertakes that Redflex and its relevant affiliates will not, and will not assist any third party to, challenge the validity of the relevant patents.

Due to the settlement being reached prior to the Board’s authorisation of the half-year financial statements, the Company has adjusted the half-year financial statements to reflect a settlement expense and corresponding provision of $16.0m within this financial period, in accordance with the Accounting Standard AASB 110 Events after the Reporting Period.

On 10 February 2026, WA Road Safety Commission agreed to expand the multi-function trailer contract (originally signed in October 2024) to double the number of trailer-based enforcement units contracted and exercised the first twelve-month extension option to extend the contract term to at least October 2028. This incremental contract value associated with this contract variation and the contract extension is expected to total $13.1 million (excluding GST).

On 26 February 2026, WA Road Safety Commission agreed to expand the multi-function fixed site contract (originally signed in September 2025). This will allow for additional cameras to be progressively deployed starting in the second half of 2026 and continuing throughout 2027. The incremental contract value associated with this contract variation is expected to total approximately $11.2 million (excluding GST).

No other matter or circumstance has arisen since 31 December 2025 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future[financial years. ]

2

Acusensus Limited Directors' report 31 December 2025

==> picture [33 x 34] intentionally omitted <==

Rounding of amounts

The Company is of a kind referred to in Corporations Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to 'rounding-off'. Amounts in this report have been rounded off in accordance with that Corporations Instrument to the nearest thousand dollars, or in certain cases, the nearest dollar.

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 and forms part of the 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

==> picture [76 x 45] intentionally omitted <==

_________ Alexander Jannink Director

26 February 2026 Melbourne, Australia

3

Tel: +61 3 9603 1700 Collins Place Fax: +61 3 9602 3870 Level 25, 35 Collins Street www.bdo.com.au Melbourne VIC 3000 GPO Box 5099 Melbourne VIC 3001 Australia

==> picture [78 x 31] intentionally omitted <==

DECLARATION OF INDEPENDENCE BY TONY BATSAKIS TO THE DIRECTORS OF ACUSENSUS LIMITED

As lead auditor for the review of Acusensus Limited for the half-year ended 31 December 2025, I declare that, to the best of my knowledge and belief, there have been:

1. No contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and

2. No contraventions of any applicable code of professional conduct in relation to the review.

This declaration is in respect of Acusensus Limited and the entities it controlled during the period.

==> picture [128 x 57] intentionally omitted <==

Tony Batsakis Director

BDO Audit Pty Ltd

Melbourne, 26 February 2026

4

BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation.

Acusensus Limited Contents 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Consolidated statement of profit or loss and other comprehensive income	6
Consolidated statement of financial position	7
Consolidated statement of changes in equity	8
Consolidated statement of cash flows	9
Notes to the consolidated financial statements	10
Directors' declaration	21
Independent auditor's review report to the members of Acusensus Limited	22

General information

The financial statements cover Acusensus Limited as a consolidated entity consisting of Acusensus Limited and the entities it controlled at the end of, or during, the half-year. The financial statements are presented in Australian dollars, which is Acusensus Limited's functional and presentation currency.

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

Level 1, 31 Queen Street Melbourne, VIC 3000

A description of the nature of the consolidated entity's operations and its principal activities are 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.

5

Acusensus Limited Consolidated statement of profit or loss and other comprehensive income For the half-year ended 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Acusensus Limited Consolidated statement of profit or loss and other comprehensive income For the half-year ended 31 December 2025
Note Revenue 2 Other income 3 Interest income Expenses Cost of services 4 Employee benefits – operating expenditure 4 Depreciation and amortisation 4 Administration 4 Contracting Impairment Marketing Finance costs 4 Loss before income tax Income tax expense Loss after income tax for the half-year attributable to the owners of Acusensus Limited Other comprehensive income/(loss) for the half-year, net of tax: Items that may be reclassified subsequently to profit or loss Foreign currency translation Total comprehensive loss for the half-year attributable to the owners of Acusensus Limited Basic loss per share 15 Diluted loss per share 15	Consolidated 31 Dec 2025 31 Dec 2024 $’000 $’000 40,280 28,787 159 89 182 456 (23,885) (15,184) (8,724) (7,376) (5,430) (3,176) (21,648) (3,034) (1,033) (465) (123) (285) (205) (96) (210) (21) (20,637) (305) (176) (206)
	(20,813) (181)		(511) 209 (302) $ 0.00 0.00
	(20,994)
	$ (0.15) (0.15)

*Basic and diluted loss per share have been rounded to two decimal places.

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

6

Acusensus Limited Consolidated statement of financial position As at 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note Assets Current assets Cash and cash equivalents 5 Trade and other receivables 6 Contract assets Inventories Income tax receivable Other current assets 7 Total current assets Non-current assets Property, plant and equipment 8 Right-of-use assets 9 Intangibles 10 Contract assets Net deferred tax asset Other assets Total non-current assets Total assets Liabilities Current liabilities Trade and other payables 11 Contract liabilities Lease liabilities Provisions 12 Total current liabilities Non-current liabilities Contract liabilities Lease liabilities Provisions Total non-current liabilities Total liabilities Net assets Equity Issued capital 13 Reserves 14 Accumulated losses Total equity	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 39,707 9,800 12,324 12,810 2,126 1,464 1,894 1,698 258 459 1,248 11,651 57,557 37,882 25,416 20,129 7,317 7,895 3,112 3,197 4,728 3,209 1,063 1,123 92 90 41,728 35,643 99,285 73,525 8,402 8,156 3,313 3,005 2,673 2,733 17,709 1,311 32,097 15,205 4,876 4,819 4,736 5,195 1,514 1,516 11,126 11,530 43,223 26,735 56,062 46,790 78,894 49,151 5,418 5,076 (28,250) (7,437) 56,062 46,790	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 39,707 9,800 12,324 12,810 2,126 1,464 1,894 1,698 258 459 1,248 11,651 57,557 37,882 25,416 20,129 7,317 7,895 3,112 3,197 4,728 3,209 1,063 1,123 92 90 41,728 35,643 99,285 73,525 8,402 8,156 3,313 3,005 2,673 2,733 17,709 1,311 32,097 15,205 4,876 4,819 4,736 5,195 1,514 1,516 11,126 11,530 43,223 26,735 56,062 46,790 78,894 49,151 5,418 5,076 (28,250) (7,437) 56,062 46,790
	258
	1,248
	57,557
	25,416 7,317 3,112 4,728 1,063 92
	41,728
	99,285
	8,402 3,313 2,673 17,709
	32,097
	4,876 4,736 1,514
	11,126
	43,223
	56,062
	78,894 5,418 (28,250)
	56,062

The above consolidated statement of financial position should be read in conjunction with the accompanying notes.

7

Acusensus Limited Consolidated statement of changes in equity For the half-year ended 31 December 2025

==> picture [33 x 34] intentionally omitted <==

Consolidated Balance at 1 July 2024 Loss after income tax 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: Contributions of equity, net of transaction costs Share options exercised Performance rights exercised Share-based payments Balance at 31 December 2024 Consolidated Balance at 1 July 2025 Loss after income tax 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: Contributions of equity, net of transaction costs Share options exercised Performance rights exercised Share-based payments Balance at 31 December 2025	Issued capital $’000 37,577 - -	Reserves $’000 3,418 - 209	Accumulated losses $’000 (5,071) (511) -	Total equity $’000 35,924 (511) 209
	- 11,303 5 121 -	209 - - (121) 960	(511) - - - -	(302) 11,303 5 - 960
	49,006	4,466	(5,582)	47,890
	Issued capital $’000 49,151 - -	Reserves $’000 5,076 - (181)	Accumulated losses $’000 (7,437) (20,813) -	Total equity $’000 46,790 (20,813) (181)
	- 28,551 638 554 -	(181) - (74) (554) 1,151	(20,813) - - - -	(20,994) 28,551 564 - 1,151
	78,894	5,418	(28,250)	56,062

The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.

8

Acusensus Limited Consolidated statement of cash flows For the half-year ended 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note Cash flows from operating activities Receipts from customers Government grants and stimulus received Other income Payments to suppliers and employees Interest received Interest paid Net income tax refund/(paid) Net cash from operating activities Cash flows from investing activities Payments for property, plant and equipment Payments for intangibles Proceeds from disposal of property, plant and equipment Term deposit proceeds/(investments) Net cash from/(used in) investing activities Cash flows from financing activities Proceeds from issue of shares Capitalised transaction costs on issuance of shares Proceeds from exercise of options Repayment of lease liabilities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the financial half-year Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents (inclusive of restricted balances) at the end of the financial half-year 5	Consolidated 31 Dec 2025 31 Dec 2024 $’000 $’000 43,263 31,810 33 89 136 - (42,435) (26,011) 423 433 (210) (21) 78 - 1,288 6,300 (8,572) (5,008) (892) (1,214) - 35 10,403 (8,000) 939 (14,187) 30,000 12,000 (1,200) (450) 564 5 (1,563) (905) 27,801 10,650 30,028 2,763 9,800 7,344 (121) 206 39,707 10,313	Consolidated 31 Dec 2025 31 Dec 2024 $’000 $’000 43,263 31,810 33 89 136 - (42,435) (26,011) 423 433 (210) (21) 78 - 1,288 6,300 (8,572) (5,008) (892) (1,214) - 35 10,403 (8,000) 939 (14,187) 30,000 12,000 (1,200) (450) 564 5 (1,563) (905) 27,801 10,650 30,028 2,763 9,800 7,344 (121) 206 39,707 10,313
	1,288
	(8,572) (892) - 10,403
	939
	30,000 (1,200) 564 (1,563)
	27,801
	30,028 9,800 (121) 39,707
		10,313

The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.

9

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 1. Significant accounting policies

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. The consolidated financial statements comprise Acusensus Limited (‘the Company’ or ‘parent entity’) and its subsidiaries (together referred to as the ‘Group’ or ‘consolidated entity’).

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 Company during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

The principal accounting policies adopted are consistent with those of the previous financial year and corresponding halfyear reporting period, unless otherwise stated.

Comparatives

Comparative figures where appropriate, have been reclassified to be comparable with the figures presented for the current financial year.

New or amended Accounting Standards and Interpretations adopted

The consolidated entity 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.

Operating segments

Identification of reportable operating segments

These operating segments are identified based on the internal reports that are reviewed and used by the Board of Directors in assessing performance and in determining the allocation of resources. Similar operating segments can be aggregated to form one reportable segment. Accordingly, as a result of a review of the internal reporting structure in 2026 annual reporting period, the Company has changed from reporting one operating segment to reporting three operating segments (refer to Note 16).

Accounting policy for operating segments

Operating segments are presented using the 'management approach', where the information presented is on the same basis as the internal reports provided to the Managing Director and the Board of Directors. The Directors are responsible for the allocation of resources to operating segments and assessing their performance.

Going concern

The consolidated entity’s financial statements have been prepared on the going concern basis of accounting, which assumes the continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business.

10

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 2. Revenue

Note 2. Revenue
Revenue from contracts with customers Rendering of services Sale of goods Revenue	Consolidated 31 Dec 2025 31 Dec 2024 $’000 $’000 40,280 28,780 - 7
	40,280	28,787

Note 3. Other income

Note 3. Other income
Insurance proceeds Government grants Other Other income	Consolidated 31 Dec 2025 31 Dec 2024 $’000 $’000 136 - 23 89 - -
	159	89

Insurance proceeds is compensation associated with the impaired property, plant and equipment of $122,773 (31 December 2024: $nil).

11

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 4. Expenses

Note 4. Expenses
Profit/(loss) before income tax includes the following specific expenses: Employee benefits – operating expenditure Salaries and wages Share based payments expense Defined contribution superannuation expense Other Employee benefits – operating expenditure	Consolidated 31 Dec 2025 31 Dec 2024 $’000 $’000 6,197 5,496 1,154 957 524 477 849 446
	8,724	7,376

Cost of sales

Included in cost of sales are direct employee expenses comprising salaries and wages of $8,077 thousand (31 December 2024: $3,215 thousand), defined contribution superannuation expense of $639 thousand (31 December 2024: $364 thousand) and other employee costs of $602 thousand (31 December 2024: $283 thousand).

Capitalised contract, plant and equipment and intangible assets

During the current period the employee benefits expenses comprising salaries and wages of $2,005 thousand (31 December 2024: $1,532 thousand), defined contribution expenses of $158 thousand (31 December 2024: $178 thousand) and other employee costs of $150 thousand (31 December 2024: $132 thousand) were recognised as contract, plant and equipment and intangibles assets and subsequently accounted for in accordance with the accounting policies applicable to these assets.

Depreciation and amortisation Depreciation - property, plant and equipment Depreciation - right-of-use assets Amortisation Depreciation and amortisation Finance costs Interest and finance charges paid/payable on borrowings Interest and finance charges paid/payable on lease liabilities Finance costs Litigation costs – included in Administration expenses Settlement litigation costs Legal litigation costs Litigation costs	2,825 1,627 978	1,558 913 705
	5,430	3,176
	36 174	(23) 44
	210	21
	16,000 1,745	- 238
	17,745	238

As announced by the Company on 18 June 2025, Redflex Traffic Systems Pty Ltd served Federal Court proceedings in Australia against Acusensus IP Pty Ltd, Acusensus Limited and Acusensus Managing Director Alexander Jannink. While the Company initially assessed the matter as a contingent liability at 30 June 2025, a global settlement was reached on 6 February 2026. Consequently, the Company has recognised a settlement expense and corresponding provision of $16.0 million within this financial period, in accordance with AASB 110 Events after the Reporting Period. Refer to Note 19 Events after the reporting period for further details of this settlement.

12

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 5. Cash and cash equivalents

Current assets Unrestricted Cash at bank Cash at bank for term deposits (less than 3 months maturity) Restricted Cash at bank for contracts Cash and cash equivalents	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 39,407 4,000 300 5,700	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 39,407 4,000 300 5,700
	39,707	9,700
	-	100
	-	100
	39,707	9,800

Restricted cash balance represents cash held by the entity, where maturity is less than 3 months, as required under its bank guarantee arrangements. The cash held is not available for the purposes of the Company’s operations.

Note 6. Trade and other receivables

Current assets Trade receivables Accrued revenue Other receivables Trade and other receivables	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 3,365 6,006 6,914 4,922 2,045 1,882	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 3,365 6,006 6,914 4,922 2,045 1,882
	12,324	12,810

Note 7. Other current assets

Note 7. Other current assets
Current assets Term deposits – more than 3 months maturity Term deposits for contracts – more than 3 months maturity Other current assets	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 - 10,000 1,248 1,651
	1,248	11,651

13

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 8. Property, plant and equipment

Non-current assets Motor vehicles - at cost Less: Accumulated depreciation Net carrying value Computer equipment - at cost Less: Accumulated depreciation Net carrying value Camera and Forsite equipment - at cost Less: Accumulated depreciation Net carrying value Work-in-Progress Property, plant and equipment	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 2,070 1,368 (1,256) (1,042) 814 326 2,075 1,808 (1,111) (869) 964 939 33,305 25,158 (12,248) (9,947) 21,057 15,211 2,581 3,653 25,416 20,129	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 2,070 1,368 (1,256) (1,042) 814 326 2,075 1,808 (1,111) (869) 964 939 33,305 25,158 (12,248) (9,947) 21,057 15,211 2,581 3,653 25,416 20,129
		326
		1,808 (869)
		939
		25,158 (9,947)
		15,211
		3,653
		20,129

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 30 June 2025 Additions Transfers Disposals Foreign exchange movements Impairment Depreciation expense Balance at 31 December 2025	Motor vehicles Computer and office equipment $’000 $’000 326 939 594 290 130 - - - (20) (19) - - (216) (246)	Motor vehicles Computer and office equipment $’000 $’000 326 939 594 290 130 - - - (20) (19) - - (216) (246)	Camera and Forsite equipment Work-in- Progress $’000 $’000 15,211 3,653 5,478 2,210 3,087 (3,217) - - (233) (65) (123) - (2,363) -	Camera and Forsite equipment Work-in- Progress $’000 $’000 15,211 3,653 5,478 2,210 3,087 (3,217) - - (233) (65) (123) - (2,363) -	Total $’000 20,129 8,572 - - (337) (123) (2,825)
	814	964	21,057	2,581	25,416

14

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 9. Right-of-use assets

Note 9. Right-of-use assets
Non-current assets Buildings right-of-use assets – at cost Less: Accumulated depreciation Net carrying value Motor vehicles right-of-use assets – at cost Less: Accumulated depreciation Net carrying value Equipment – at cost Less: Accumulated depreciation Net carrying value Right-of-use assets	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 4,968 4,888 (1,551) (1,033)
	3,417	3,855
	9,076 (5,180)	8,226 (4,191)
	3,896	4,035
	6 (2)	6 (1)
	4	5
	7,317	7,895

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 30 June 2025 Additions and modifications Terminations Foreign exchange movements Depreciation expense Balance at 31 December 2025	Buildings Motor vehicles $’000 $’000 3,855 4,035 191 1,164 - (95) (92) (119) (537) (1,089)	Equipment $’000 5 - - - (1) 4	Total $’000 7,895 1,355 (95) (211) (1,627)
	3,417 3,896		7,317

15

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 10. Intangibles

Non-current assets Capitalised development costs – at cost Less: Accumulated amortisation Net carrying value Website – at cost Less: Accumulated amortisation Net carrying value Intangibles	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 7,299 6,407 (4,206) (3,234)	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 7,299 6,407 (4,206) (3,234)
	3,093	3,173
	47 (28)	47 (23)
	19	24
	3,112	3,197

Intangibles

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 30 June 2025 Additions Amortisation expense Balance at 31 December 2025	Capitalised development costs $’000 3,173 892 (972)	Website $’000 24 - (5) 19	Total $’000 3,197 892 (977)
	3,093		3,112

Note 11. Trade and other payables

Note 11. Trade and other payables
Current liabilities Trade payables Accrued liabilities Other payables Trade and other payables	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 4,272 3,830 3,151 3,490 979 836
	8,402	8,156

16

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 12. Provisions

Current liabilities Annual leave Long service leave Litigation Provisions	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 1,620 1,266 89 45 16,000 -	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 1,620 1,266 89 45 16,000 -
	17,709	1,311

As at 31 December 2025, the Company recognised a current provision of $16.0 million in relation to settlement litigation cost. Refer to Note 4 and Note 19 for further details of this settlement.

Note 13. Issued capital

Note 13. Issued capital
31 Dec 2025 ‘000 Shares Ordinary shares - fully paid 162,188 Movements in ordinary share capital Details Date Balance 30 June 2025 Exercise of performance rights1 3 September 2025 Conversion of share options2 3 September 2025 Conversion of share options2 16 October 2025 Conversion of share options2 3 December 2025 Exercise of performance rights1 3 December 2025 Issue of new shares – Placement 22 December 2025 Capital raising costs 31 December 2025 Balance 31 December 2025	31 Dec 2025 ‘000 Shares 162,188		Consolidated 30 Jun 2025 31 Dec 2025 ‘000 Shares $’000 140,216 78,894		30 Jun 2025 $’000 49,151
			‘000 Shares 140,216 652 1 745 405 169 20,000	Issue price $0.00 $0.55 $0.46 $0.54 $0.00 $1.50	$’000 49,151 439 1 343 294 115 30,000 (1,449)
			162,188		78,894

1. The amount represents the fair value of performance rights at grant date and recognised over the vesting period.

2. Includes a non-cash amount of $74 thousand, collectively, representing the fair value of options at the grant date, recognised over the applicable vesting period.

Note 14. Reserves

Foreign currency reserve Employee equity benefits reserve Reserves	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 25 206 5,393 4,870	Consolidated 31 Dec 2025 30 Jun 2025 $’000 $’000 25 206 5,393 4,870
	5,418	5,076

17

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 15. Earnings/(loss) per share

ote 15. Earnings/(loss) per share
Loss after income tax attributable to the owners of Acusensus Limited Weighted average number of ordinary shares used in calculating basic loss per share Weighted average number of ordinary shares used in calculating diluted loss per share Basic loss per share Diluted loss per share	Consolidated 31 Dec 2025 31 Dec 2024 $’000 $’000 (20,813) (511) ‘000 Number ‘000 Number 142,638 127,616 142,638 127,616
	‘000 Number 142,638 142,638
		127,616
	$ (0.15) (0.15)	$ (0.00) (0.00)

Due to the consolidated entity’s loss position, options have been excluded from the above calculations as its inclusion would be anti-dilutive.

*Basic and diluted loss per share have been rounded to two decimal places.

Note 16. Operating segments

Basis for segmentation

In accordance with AASB 8 Operating Segments (equivalent to IFRS 8), the Company has identified its operating segments on the basis of internal reports that are regularly reviewed by the Chief Operating Decision Maker (CODM), comprising the Managing Director and the Board of Directors, in order to allocate resources and assess performance.

As a result of a review of the internal reporting structure in 2026 annual financial year, the Company has changed from reporting one operating segment to reporting three operating segments – Australia Enforcement, International Enforcement and Forsite. The Shared column represents items related to research & development (excluding Forsite), technology and corporate services, comprising executive, legal, finance and human resources departments given they are shared amongst the business. This change in reportable segments arises from the adoption of a revised internal and Board reporting framework designed to enhance assessment of business unit performance and support more targeted resource allocation.

The operations of each reportable segments are as follows:

• Australia Enforcement - represents the road safety enforcement operations in Australia. This includes the automated mobile phone and seatbelt, speed, multi-function solutions, railway monitoring, behaviour awareness monitoring solutions.

• International Enforcement - represents the road safety enforcement operations outside of Australia, including New Zealand, United States and United Kingdom. This includes the real-time and automated mobile phone and seatbelt, speed, multi-function solutions, as well as data collection.

• Forsite - represents the roadworker safety operations globally.

Information about reportable segments

Information related to each reportable segment is set out below. Segment EBITDA is used to measure performance because management believes that this information is the most relevant in evaluating the results of the respective segments relative to other entities that operate in the same industries.

18

Acusensus Limited Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 16. Operating segments (continued)

31 December 2025 Revenue Cost of services Gross profit Adjusted EBITDA One-off costs¹ Share based payments expense EBITDA Depreciation and amortisation EBIT Interest income Interest expense Tax expense Net profit after tax	Australia Enforcement International Enforcement Forsite $’000 $’000 $’000 31,125 8,967 188 (17,374) (6,290) (221) 13,751 2,677 (33) 11,001 860 (1,074)	Shared $’000 - - - (6,844)	Total $’000 40,280 (23,885)
			16,395 3,943 (17,968) (1,154)
			(15,179) (5,430)
			(20,609) 182 (210) (176)
			(20,813)

31 December 2024 Revenue Cost of services Gross profit Adjusted EBITDA One-off costs¹ Share based payments expense EBITDA Depreciation and amortisation EBIT Interest income Interest expense Tax expense Net profit after tax	Australia Enforcement International Enforcement Forsite Shared $’000 $’000 $’000 $’000 26,697 2,046 44 - (13,768) (1,284) (132) - 12,929 762 (88) - 9,753 (473) (265) (5,384)	Total $’000 28,787 (15,184)
		13,603 3,631 (238) (957)
		2,436 (3,176)
		(740) 456 (21) (206)
		(511)

1. One-off costs include litigation and related settlement fees of $17,745 thousand (31 December 2024: $238 thousand) and redundancy costs of $223 thousand (31 December 2024: Nil).

19

Acusensus Limited

Notes to the consolidated financial statements 31 December 2025

==> picture [34 x 34] intentionally omitted <==

Note 17. Banking facility

On 12 December 2025, the Company established a new debt facility with Citibank N.A. to support growth opportunities. The debt facility provides access to:

1. $5 million multicurrency revolving credit facility for general corporate purposes for a 3-year term;

2. $10 million multicurrency accordion facility to be made available upon request and satisfaction of certain conditions; and

3. On demand letter of credit and bank guarantee facility for up to A$10 million.

As of the balance sheet date, no amounts of the revolving credit facility had been drawn. The debt facility has financial covenants of interest cover ratio and net leverage ratio and is secured by way of charge over assets of Acusensus and certain group subsidiaries.

Note 18. Contingent liabilities

The consolidated entity has provided bank guarantees and letter of credit as at 31 December 2025 of $4,607 thousands (30 June 2025: $1,733 thousand) to landlord and customers as security for lease obligations and contractual performance obligations, respectively.

Note 19. Events after the reporting period

On 6 February 2026, Acusensus Limited announced that it has reached a global settlement with Redflex in relation to the Federal Court proceedings that Redflex served in June 2025 on Acusensus IP Pty Ltd (a subsidiary of the Company), the Company and Acusensus’ Managing Director, Alexander Jannink.

The key outcomes of the settlement agreement are as follows:

• The proceedings will be dismissed with no order as to costs, subject to the Court making final orders to that effect.

• Without admission of liability or any wrongdoing, the Company will provide a total settlement package valued at $16 million to VM Consolidated, Inc., a wholly owned subsidiary of Verra Mobility (NASDAQ:VRRM) (the parent company of Redflex), comprising of a cash component of $6 million and 6,136,475 new shares in the Company to be held in voluntary escrow for 12 months.

• Acusensus IP Pty Ltd continues to be the registered proprietor of its existing worldwide patent portfolio and continues to use its technology unencumbered.

• Acusensus has agreed to provide a global non-exclusive licence of relevant patents held by Acusensus IP Pty Ltd to relevant Redflex entities and their affiliates.

• The parties and their affiliates have released one another from all claims on a worldwide basis related to the dispute and any associated actions.

• Redflex undertakes that Redflex and its relevant affiliates will not, and will not assist any third party to, challenge the validity of the relevant patents.

Due to the settlement being reached prior to the Board’s authorisation of the half-year financial statements, the Company has adjusted the half-year financial statements to reflect a settlement expense and corresponding provision of $16.0m within this financial period, in accordance with the Accounting Standard AASB 110 Events after the Reporting Period.

On 10 February 2026, WA Road Safety Commission agreed to expand the multi-function trailer contract (originally signed in October 2024) to double the number of trailer-based enforcement units contracted and exercised the first twelve-month extension option to extend the contract term to at least October 2028. This incremental contract value associated with this contract variation and the contract extension is expected to total $13.1 million (excluding GST).

On 26 February 2026, WA Road Safety Commission agreed to expand the multi-function fixed site contract (originally signed in September 2025). This will allow for additional cameras to be progressively deployed starting in the second half of 2026 and continuing throughout 2027. The incremental contract value associated with this contract variation is expected to total approximately $11.2 million (excluding GST).

No other matter or circumstance has arisen since 31 December 2025 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years.

20

Acusensus Limited Directors' declaration 31 December 2025

==> picture [34 x 34] intentionally omitted <==

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 consolidated entity'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 Company 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

_________ Alexander Jannink Director

26 February 2026 Melbourne, Australia

21

Collins Place Level 25, 35 Collins Street Melbourne VIC 3000 GPO Box 5099 Melbourne VIC 3001 Australia

Tel: +61 3 9603 1700 Fax: +61 3 9602 3870 www.bdo.com.au

==> picture [77 x 30] intentionally omitted <==

INDEPENDENT AUDITOR'S REVIEW REPORT

To the members of Acusensus Limited

Report on the Half-Year Financial Report

Conclusion

We have reviewed the half-year financial report of Acusensus Limited (the Company) and its subsidiaries (the 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 halfyear ended on that date, material accounting policy information and other explanatory information, and the directors’ declaration.

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the accompanying half-year financial report of the Group does not comply with the Corporations Act 2001 including:

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

• ii. Complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.

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 Responsibilities for the Review of the Financial Report section of our report. We are independent of the Group 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) (the Code) that are relevant to the 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 the Company, would be the same terms if given to the directors as at the time of this auditor’s review report.

22

BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation.

==> picture [78 x 30] intentionally omitted <==

Responsibility of the directors for the financial report

The directors of the Company are responsible for the preparation of the half-year 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 half-year financial report that gives a true and fair view and 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 half-year financial report based on our review. ASRE 2410 requires us to conclude whether we have become aware of any matter that makes us believe that the half-year 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 financial 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 a half-year 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.

BDO Audit Pty Ltd

==> picture [125 x 76] intentionally omitted <==

Tony Batsakis Director

Melbourne, 26 February 2026

23