AMBERTECH LIMITED — Interim / Quarterly Report 2024

Feb 21, 2024

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ASX Announcement

22 February 2024

First Half Results

Key Highlights

• $50.9 million in revenue with growth of 25.6% on prior corresponding period (pcp)

• Strong improvement in EBITDA with an 80% increase on pcp to $3.6 million

• EBIT of $2.9 million, an increase of 93% on pcp

• NPBT of $2.2 million, an increase of 120% on pcp

• Significant project deliveries this half supporting growth in profitability

• Ongoing business development opportunities

• Declared a fully franked interim dividend of 1.2 cents per share, a 140% increase on pcp

Ambertech Limited (ASX:AMO) is pleased to announce a statutory net profit after tax of $1.6 million for the half year ended 31 December 2023. Directors have announced an interim dividend of 1.2 cents per share, fully franked. This dividend has a record date of 8 March 2024 and will be paid on 5 April 2024.

Managing Director, Peter Amos, said: “Our team has worked diligently towards meeting strategic growth targets for the half year, and most pleasingly this has been achieved through the performance of existing agencies. This success demonstrates our commitment to retain focus on each of the brands that we represent across our markets. We have continued to deliver on some important project work, including at Network 10 and The Sydney Opera House during the period. Whilst larger projects typically provide lower average gross margins, they provide a solid foundation for additional business activity.”

Chief Operating Officer, Robert Glasson added: “We are satisfied that we are tracking well against our strategic growth plan, and we are confident that this will continue through into the second half of the financial year. Growth in business operating costs is beginning to plateau and this should lead to improved profitability on any future revenue growth.”

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Ambertech Financial Performance Summary

Ambertech Financial Performance Summary	Ambertech Financial Performance Summary	Ambertech Financial Performance Summary	Ambertech Financial Performance Summary
($m)	Dec 23	Dec 22		+/-
Revenue
- Integrated Solutions	23.1	22.4		3.1%
- Professional	21.2	12.0		76.7%
- Retail	6.6	6.1		8.2%
Total Revenue	50.9	40.5		25.6%
Gross Profit	17.0	14.1		20.6%
GP Margin (%)	33.3%	34.8%
Segment Contribution
- Integrated Solutions	1.2	1.9		(36.8%)
- Professional	2.7	0.5		440.0%
- Retail	0.5	0.3		66.7%
- Unallocated	(0.8)	(0.6)		(33.3%)
EBITDA	3.6	2.0		80.0%
EBIT	2.9	1.5		93.3%
NPBT	2.2	1.0		120.0%
NPAT	1.6	0.7		128.6%

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Outlook

The second half of the financial year has commenced with positive results for the business. We have had a busy international and domestic trade show period, and this has highlighted many new opportunities for the business in the coming periods.

The strong start to the second half gives the Board confidence that the business can continue to grow and maintain a dividend of greater than 50% of the full year result. The Board and executive management continue to actively pursue further brand and acquisition opportunities in strategic growth areas.

On behalf of the Board

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Robert Glasson Company Secretary

This announcement was authorised by the Board of Directors.

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Ambertech Limited and its controlled entities

Appendix 4D Half Year Report under ASX Listing Rule 4.2A.

For the period ended 31 December 2023

Key Information

The following information is provided to the ASX under listing rule 4.2A.

	31 Dec 23	31 Dec 22	Movement	Movement
	$’000	$’000	$’000	%
Revenuefrom ordinary activities	50,884	40,503	10,381	25.6
Profit after income taxfor the period
attributable to members	1,553	726	827	113.9
Net profitfor the period attributable to
members	1,553	726	827	113.9

Dividends

The Board has resolved to pay an interim dividend of 1.2 cents per share, franked to 100%, in respect of the period ended 31 December 2023. The record date is 8 March 2024, with a payment date of 5 April 2024.

The Board has established a dividend reinvestment plan, whereby Shareholders may elect (subject to rules of the plan) to reinvest dividends payable by Ambertech Limited to the Shareholder. The Board has determined to invoke the plan for the interim dividend in respect of the half-year ended 31 December 2023 at a 3% discount to the volume weighted average price of shares traded from 11 March 2024 to 15 March 2024.

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Ambertech Limited and its controlled entities Appendix 4D

Half Year Report under ASX Listing Rule 4.2A.

For the period ended 31 December 2023

Dividend History

Interim Dividends	Amount per share	Franked
In respect of the half-year ended 31/12/23	1.2 cents	100%
In respect of the half-year ended 31/12/22	0.5 cents	100%
Final Dividends
In respect of the year ended 30/06/23	1.0 cents	100%
In respect of the year ended 30/06/22	1.5 cents	100%

Ratios

Key Ratios	31 Dec 23	31 Dec 22
Net tangible assets per security	20.2c	19.0c
Basic earnings per share	1.7c	0.8c
Diluted earnings per share	1.6c	0.8c

Further Explanation of the results is contained in the attached market announcement and the following Half Year Financial Report.

This report is based on half-year financial statements that have been externally reviewed. The auditor’s review report is included in the Financial Report for the half year ended 31 December 2023.

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Ambertech Limited and Controlled Entities ACN 079 080 158

Financial Statements for the half-year ended 31 December 2023

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 DIRECTORS’ REPORT FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

Your Directors submit the financial report of Ambertech Limited (referred to hereafter as the consolidated entity) comprising Ambertech Limited and the entities it controlled for the half-year ended 31 December 2023.

Directors

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

Executive: Peter Andrew Amos. Non-Executive: Peter Francis Wallace, Thomas Robert Amos, Santo Carlini, Janine Rolfe (appointed 18 September 2023) and David Rostil Swift (retired 23/11/2023).

Review of Operations

A review of the operations of the consolidated entity during the half-year and the results of these operations are set out in the attached Appendix 4D.

Results of Operations

The consolidated profit after providing for income tax for the period ended 31 December 2023 was $1,553,000, up by $827,000 on the previous corresponding period (2022: profit of $ 726,000). Revenue for the period was $ 50,884,000 (2022: $40,503,000). Further information on the operating results is included in the attached Appendix 4D.

Dividend

The final dividend for the year ended 30 June 2023 of 1.0 cent per share fully franked, was paid on 17 October 2023. The Board has resolved to pay an interim dividend of 1.2 cents per share in respect of the period ended 31 December 2023. The Board has established a dividend reinvestment plan, whereby Shareholders may elect (subject to rules of the plan) to reinvest dividends payable by Ambertech Limited to the Shareholder. The Board has determined to invoke the plan for the interim dividend in respect of the half-year ended 31 December 2023 at a 3% discount to the volume weighted average price of shares traded from 11 March 2024 to 15 March 2024.

Rounding Amounts

The company is of a kind referred to in Corporations Instrument 2016/91, issued by the Australian Securities and Investment 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

The auditor's independence declaration under section 307C of the Corporations Act 2001 is set out on the following page.

Signed in accordance with a resolution of Directors.

P F Wallace Chairman of Directors

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P A Amos Managing Director

Sydney, 22nd day of February 2024.

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Tel: +61 2 9251 4100 Level 11, 1 Margaret Street Fax: +61 2 9240 9821 Sydney NSW 2000 www.bdo.com.au Australia

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DECLARATION OF INDEPENDENCE BY MARTIN COYLE TO THE DIRECTORS OF AMBERTECH LIMITED

As lead auditor for the review of Ambertech Limited for the half-year ended 31 December 2023, 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 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 Ambertech Limited and the entities it controlled during the period.

Martin Coyle Director

BDO Audit Pty Ltd

Sydney, 22 February 2024

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 Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are 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.

AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

		31-Dec-23	31-Dec-22
	Note	$'000	$'000
Revenues	7	50,884	40,503
Cost of sales		(33,929)	(26,418)
Grossprofit		16,955	14,085
Other income		187	-
Employee benefits expense		(9,768)	(8,614)
Distribution costs		(1,033)	(1,047)
Marketing costs		(705)	(576)
Premises costs		(397)	(366)
Travel costs		(404)	(297)
Depreciation and amortisation expenses		(746)	(554)
Finance costs		(641)	(446)
Other expenses		(1,226)	(1,139)
Profit/(loss) before income tax		2,222	1,046
Income tax(expense)		(669)	(320)
Profit after income tax		1,553	726
Other comprehensive income
Exchange differences on translation of foreign operations		21	53
Total comprehensive income for the halfyear		1,574	779
Earnings per share
Basic earningsper share(cents)		1.7	0.8
Diluted earningsper share(cents)		1.6	0.8

The Consolidated Statement of Profit or Loss and Other Comprehensive Income is to be read in conjunction with the attached notes and the 30 June 2023 Annual Report.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT THE HALF - YEAR ENDED 31 DECEMBER 2023

	31-Dec-23 30-Jun-23 Note $'000 $'000 ASSETS CURRENT ASSETS Cash and cash equivalents 1,566 1,568 Trade and other receivables 18,931 18,061 Inventories 21,394 23,070 Current tax assets 344 246
	TOTAL CURRENT ASSETS 42,235 42,945
	NON-CURRENT ASSETS Plant and equipment 516 436 Right-of-use assets 3,752 4,251 Intangible assets 1,972 2,144 Deferred tax assets 2,376 2,534
	TOTAL NON-CURRENT ASSETS 8,616 9,365
	TOTAL ASSETS 50,851 52,310
	LIABILITIES CURRENT LIABILITIES Trade and other payables 6,526 8,852 Other financial liabilities 7,655 6,324 Contract liabilities 3,029 4,230 Lease liabilities 1,481 1,438 Provisions 2,946 2,418
	TOTAL CURRENT LIABILITIES 21,637 23,262
	NON-CURRENT LIABILITIES Contract liabilities 45 90 Provisions 322 291 Lease liabilities 5,305 6,050 Deferred tax liabilities 2 157
	TOTAL NON-CURRENT LIABILITIES 5,674 6,588
	TOTAL LIABILITIES 27,311 29,850
	NET ASSETS 23,540 22,460
	EQUITY Share capital 5 22,275 21,837 Reserves 45 24 Accumulated Profit 1,220 599
	TOTAL EQUITY 23,540 22,460

The above Consolidated Statement of Financial Position is to be read in conjunction with the attached notes and the 30 June 2023 Annual Report.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN079 080 158 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

Economic Entity Balance as at 01 July 2022 Profit for the half-year Exchange differences on translation of foreign operations Total comprehensive income for the half-year Transactions with equity holders: Share issue net of transaction cost Shares issued on exercised options Costs of share based payments Dividends declared, paid and reinvested as part of the Dividend Reinvestment Plan (note 4) Balance as at 31 December 2022 Balance as at 01 July 2023 Profit / (loss) for the half-year Exchange differences on translation of foreign operations Total comprehensive income for the half-year Transactions with equity holders: Costs of share based payments Dividends declared, paid and reinvested as part of the Dividend Reinvestment Plan (note 4) Balance as at 31 December 2023	Share Capital Foreign Currency Translation Reserve Share Based Payments Reserve (Accumulated losses)/ Retained earnings Total Equity $'000 $'000 $'000 $'000 $'000
	21,781 (74) 37 530 22,274
	- - - 726 726 - 53 - - 53
	- 53 - 726 779
	- - - - - 28 - - - 28 - - 1 - 1 - - - (1,396) (1,396)
	21,809 (21) 38 (140) 21,686
	21,837 (44) 68 599 22,460
	- - - 1,553 1,553 - 21 - - 21
	- 21 - 1,553 1,574
	- - - - - 438 - - - (932) (494)
	22,275 (23) 68 1,220 23,540

The above Consolidated Statement of Changes in Equity is be read in conjunction with the attached notes and the 30 June 2023 Annual Report.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

	Note	31-Dec-23	31-Dec-22
		$'000	$'000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers		53,333	43,691
Payments to suppliers and employees		(48,412)	(41,520)
Interest received		2	1
Interest and other costs of finance paid		(641)	(446)
Income tax paid		(610)	(572)
Netgoods and services tax remitted		(3,408)	(2,630)
Net cash from/(used in)operatingactivities		264	(1,476)
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for plant and equipment		(164)	(258)
Payment for intangible assets		-	(11)
Net cash used in investingactivities		(164)	(269)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings		1,333	3,409
Repayment of borrowings		(219)	(24)
Repayment of leases		(702)	(459)
Proceeds from share issue and exercised options		-	28
Dividendspaid to shareholders		(494)	(1,396)
Net cash (used in)/from financingactivities		(82)	1,558
Net increase / (decrease)in cash and cash equivalents held		18	(187)
Cash and cash equivalents at beginning of period		1,568	2,225
Effect of exchange rate changes on cash and cash equivalents held in foreign
currencies at the beginningof the financialyear		(20)	-
Cash and cash equivalents at end ofperiod		1,566	2,038

The above Consolidated Statement of Cash Flows is to be read in conjunction with the attached notes and the 30 June 2023 Annual Report.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

NOTE 1: STATEMENT OF COMPLIANCE

This general purpose interim financial report for the half-year ended 31 December 2023 has been prepared in accordance with 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'.

This interim financial report does not include all the notes of a type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the most recent annual financial report for the year ended 30 June 2023 and any public announcements made by Ambertech Limited during the interim financial reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.

GOING CONCERN

For the period ended 31 December 2023, the consolidated entity recorded EBIT of $2,863,000 (2022: EBIT of $1,492,000); with a profit after tax for the period of $1,553,000 (2022: Profit of $726,000). The consolidated entity generated operating cash inflows of $264,000 (2022: outflows of $1,476,000) it also had cash reserves of $1,566,000 as at 31 December 2023 (30 June 2023: $1,568,000). Accordingly, the directors are confident the consolidated entity will continue as a going concern and therefore the consolidated financial report has been prepared on a going concern basis.

NOTE 2: SIGNIFICANT ACCOUNTING POLICIES

The accounting policies applied in preparing this financial report for the half-year ended 31 December 2023 are consistent with those applied in the annual financial report for the year ended 30 June 2023, unless otherwise stated.

NEW, REVISED OR AMENDING ACCOUNTING STANDARDS AND INTERPRETATIONS ADOPTED

The consolidated entity has adopted all of the new, revised or amending Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) that are mandatory for the current reporting period. There was no material impact on the interim financial report from the adoption of these new accounting standards.

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

NOTE 3: EVENTS SUBSEQUENT TO REPORTING DATE

The Board has resolved to pay an interim dividend of 1.2 cents per share. The dividend will have a record date of 8 March 2024, with a payment date of 5 April 2024. The Board has determined that the dividend reinvestment plan will be invoked in respect of the interim dividend at a 3% discount to the volume weighted average price of shares traded from 11 March 2024 to 15 March 2024.

Other than the above, no matters have arisen which significantly affected or may significantly affect the operations of the consolidated entity, the results of those operations or the state of affairs of the consolidated entity in future financial years.

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

NOTE 4: DIVIDENDS

NOTE 4: DIVIDENDS
	31-Dec-23	31-Dec-22
Recognised as distribution to equity holders	$'000	$'000
Final dividend – 1.0 cents per share (2022: 1.5 cents), 100% franked at a tax rate of 30%	932	1,396
Declared before the interim report is authorised for issue but not recognised as
distributions to equity holders at the end of the period
Fully franked interim dividend cents per share	1.2	0.5
Dividends declared, paid and reinvested as part of the Dividend Reinvestment Plan:
Dividends declared and paid	494	1,396
Dividends reinvested as part of Dividend Reinvestment Plan	438	-
Total dividends declared, paid and reinvested as part of the Dividend Reinvestment Plan:	932	1,396

NOTE 5: SHARE CAPITAL

OTE 5: SHARE CAPITAL
A). Ordinary Shares fully paid (no par value) Movements in share capital for 31 December 2023 Balance at the start of the financial year Shared issued under dividend reinvestment plan Balance at the end of the financial half-year	Economic Entity 31-Dec-23 30-Jun-23 Shares Shares 95,192,902 93,244,819 Shares Issue Price No. $ 93,244,819 1,948,083 $.225 95,192,902	Economic Entity 31-Dec-23 30-Jun-23 $'000 $'000 22,275 21,837
		Total $,000 21,837 438 22,275

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

NOTE 6: SHARE BASED PAYMENTS

A share option plan has been established by the consolidated entity and approved by shareholders at a general meeting. The options are granted for nil consideration and are granted in accordance with performance guidelines established by the Remuneration and Nomination Committee.

Set out below are summaries of options granted under the plan:

31/12/2023:
Grant Date	Expiry Date	Exercise	Opening	Granted	Exercised	Expired/	Closing
		Price	Balance			Forfeited	Balance
18/12/2020	18/10/2025	0.220	1,050,000	-	-	-	1,050,000
18/10/2023	17/10/2028	0.267	-	3,000,000	-	-	3,000,000
			1,050,000	3,000,000	-	-	4,050,000
Weighted Average Exercise		Price	$0.220	$0.267	-	-	$0.255
31/12/2022:
Grant Date	Expiry Date	Exercise	Opening	Granted	Exercised	Expired/	Closing
		Price	Balance			Forfeited	Balance
18/12/2020	18/10/2025	0.220	1,375,000	-	(125,000)	(75,000)	1,175,000
			1,375,000	-	(125,000)	(75,000)	1,175,000
Weighted Average Exercise		Price	$0.220	-	$0.220	$0.220	$0.220

Set out below are the options exercisable at the end of the period:

Grant Date	Expiry Date	2023 Number	2022 Number
18/12/2020	18/10/2025	750,000	600,000
18/10/2023	17/10/2028	600,000	-
		1,350,000	600,000

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

NOTE 7: SEGMENT REPORTING

Segment reporting for the half-year ended 31 December 2023 has been prepared in accordance with the Board’s view of how the different operating groups of the consolidation entity operate and are presented to the markets in which the group operates.

31 December 2023 Revenue - Total segment revenue - Inter-segment revenue Revenue from external customers Result - Segment Contribution - Unallocated / corporate result - EBITDA - Depreciation and amortisation - EBIT - Interest and finance costs - Profit before income tax - Income tax expense - Profit for the half-year 31 December 2023 Assets - Segment Assets - Unallocated/corporate assets - Total assets Liabilities - Segment liabilities - Unallocated/corporate liabilities - Total liabilities Net Assets	Retail Integrated Solutions Professional Eliminations Economic Entity $'000 $'000 $'000 $'000 $'000 6,549 23,140 21,195 - 50,884 - - - - -
	6,549 23,140 21,195 - 50,884
	475 1,161 2,765 - 4,401 - - - - (792)
	- - - - 3,609 - - - - (746)
	- - - - 2,863 - - - - (641)
	- - - - 2,222 - - - - (669)
	- - - - 1,553
	Retail Integrated Solutions Professional Eliminations Economic Entity $'000 $'000 $'000 $'000 $'000 10,869 18,583 15,244 - 44,696
	- - - - 6,155
	- - - - 50,851
	1,798 4,043 4,311 - 10,152
	- - - - 17,159
	- - - - 27,311
	- - - - 23,540

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 NOTES TO AND FORMING PART OF THE FINANCIAL REPORT FOR THE HALF - YEAR ENDED 31 DECEMBER 2023

NOTE 7: SEGMENT REPORTING (Continued)

31 December 2022 Revenue - Total segment revenue - Inter-segment revenue Revenue from external customers Result - Segment Contribution - Unallocated / corporate result - EBITDA - Depreciation and amortisation - EBIT - Interest and finance costs - Profit before income tax - Income tax expense - Profit for the half-year 30 June 2023 Assets - Segment Assets - Unallocated/corporate assets - Total assets Liabilities - Segment liabilities - Unallocated/corporate liabilities - Total liabilities Net Assets	Retail Integrated Solutions Professional Eliminations Economic Entity $’000 $’000 $’000 $’000 $’000 6,107 22,355 12,041 - 40,503 - - - - -
	6,107 22,355 12,041 - 40,503
	298 1,841 536 - 2,675 - - - - (629)
	- - - - 2,046 - - - - (554)
	- - - - 1,492 - - - - (446)
	- - - - 1,046 - - - - (320)
	- - - - 726
	Retail Integrated Solutions Professional Eliminations Economic Entity $'000 $'000 $'000 $'000 $'000 8,795 23,981 14,918 - 47,694
	- - - - 4,616
	- - - - 52,310
	2,017 5,462 7,866 - 15,345
	- - - - 14,505
	- - - - 29,850
	- - - - 22,460

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 DIRECTORS’ DECLARATION

In the Directors’ opinion:

• the attached financial statements and notes thereto 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 thereto give a true and fair view of the consolidated entity's financial position as at 31 December 2023 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 the directors made pursuant to section 303(5) of the Corporations Act 2001

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P F Wallace Chairman of Directors

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P A Amos Managing Director

Sydney, 22nd day of February 2024

13

Tel: +61 2 9251 4100 Level 11, 1 Margaret Street Fax: +61 2 9240 9821 Sydney NSW 2000 www.bdo.com.au Australia

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INDEPENDENT AUDITOR’S REVIEW REPORT

To the members of Ambertech Limited

Report on the Half-Year Financial Report

Conclusion

We have reviewed the half-year financial report of Ambertech Limited (the Company) and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 31 December 2023, 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, a summary of significant accounting policies 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 2023 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 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) (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.

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.

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 Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are 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.

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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 2023 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

Martin Coyle Director

Sydney, 22 February 2024