AMBERTECH LIMITED — Interim / Quarterly Report 2025

Feb 24, 2025

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ASX Announcement

25 February 2025

First Half FY2025 Financial Results

Financial Summary

• $45.4m in revenue, down 11% on prior corresponding period (pcp), driven by softer trading conditions in our professional segment which included minor delays to several larger projects

• Integrated Solutions and Retail segments performing well, with revenue up 6% and 32% respectively

• Gross profit margin remains stable

• $0.4m in EBIT (H1 FY24: $2.9m) resulting from softer revenues and one-off restructure costs

• Net Loss After Tax of $(0.3m) (H1 FY24: $1.6m)

• Material improvement in financial performance expected in 2HFY25, driven by an uplift in trading in January and February providing confidence in future trading conditions

Ambertech Limited ( ASX:AMO , ‘ Ambertech ’ or the ‘ Company ’) today announced its financial results for the six month period ending 31 December 2024 (1H FY25).

Managing Director, Peter Amos, said: “The first half result for the business was mixed. Whilst we saw growth from our Integrated Solutions and Retail segments, softer trading conditions weighed on our Professional segment. External headwinds continued to impact the business, mainly in the form of ongoing inflationary and pricing pressures which reduced demand as consumer priorities responded to the current cost environment. This was evident in our musical instrument and professional products categories (such as studio and broadcast equipment). We also experienced some delays to large projects which also contributed to the softer financial performance.”

“Pleasingly, our Retail segment, performed strongly, up 32% on the prior period as lower price product resonated with customers. Overall, the diversified nature of the business showed resilience and we are already observing green shoots in early 2H FY25 which we are optimistic will lead to a materially improved financial performance compared to 1H FY25.”

Chief Operating Officer, Robert Glasson added: “Whilst we experienced delays in a significant number of contracts during the half, I am confident that delayed projects will be delivered in the second half of the year and comfortably make up any shortfall in 1HFY25. We continued to be

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focused on our strategy this half and both EBITDA and NPAT were affected by approximately $337,000 in restructuring costs. The efficiencies of this activity have already started to be realised and as we head into the new half provides us with the flexibility to execute on our growth strategy.”

Ambertech Financial Performance Summary

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($m) Dec 24 Dec 23 +/-
Revenue
- Integrated Solutions 24.5 23.1 6.1%
- Professional 12.2 21.2 (42.5%)
- Retail 8.7 6.6 31.8%
Total Revenue 45.4 50.9 (10.6%)
Gross Profit 15.1 17.0 (11.2%)
GP Margin (%) 33.3% 33.3%
Segment Contribution
- Integrated Solutions 1.1 1.2 (8.3%)
- Professional (0.9) 2.7 (133.3%)
- Retail 1.0 0.5 100.0%
- Unallocated (0.1) (0.8) 87.5%
EBITDA 1.1 3.6 (69.4%)
EBIT 0.4 2.9 (86.2%)
NPBT (0.3) 2.2 (113.6%)
NPAT (0.3) 1.6 (118.8%)
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Outlook

The company is optimistic that a recovery will be seen in the second half of the year, with a significant pipeline of project and capital equipment supplies to be delivered. Improvements have already started with revenue from delayed contracts totalling approximately $8.0m being recognised post 31 December 2024 or expected to have delivery dates prior to 31 March 2025. This activity positively supports expectations of a stronger second half of the financial year.

Ongoing business development activity is continuing to uncover further growth opportunities which the Company expects to capitalise on as overall market conditions improve in future periods.

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 2024

Key Information

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

	31 Dec 24	31 Dec 23	Movement	Movement
	$’000	$’000	$’000	%
Revenuefrom ordinary activities	45,355	50,884	(5,529)	(10.9)
(Loss)/Profit after income taxfor the period
attributable to members	(300)	1,553	(1,853)	(119.3)
Net profitfor the period attributable to
members	(300)	1,553	(1,853)	(119.3)

Dividends

No interim dividend has been declared in respect of the period ended 31 December 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 2024

Dividend History

Interim Dividends	Amount per share	Franked
In respect of the half-year ended 31/12/24	Nil	N/A
In respect of the half-year ended 31/12/23	1.2 cents	100%
Final Dividends
In respect of the year ended 30/06/24	Nil	N/A
In respect of the year ended 30/06/23	1.0 cents	100%

Ratios

Key Ratios	31 Dec 24	31 Dec 23
Net tangible assets per security	18.6c	20.2c
Basic earnings per share	(0.3c)	1.7c
Diluted earnings per share	(0.3c)	1.6c

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 2024.

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Ambertech Limited and Controlled Entities ACN 079 080 158

Financial Statements for the half-year ended 31 December 2024

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AMBERTECH LIMITED AND CONTROLLED ENTITIES ACN 079 080 158 DIRECTORS’ REPORT FOR THE HALF - YEAR ENDED 31 DECEMBER 2024

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 2024.

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 Amos. Non-Executive: Peter Wallace, Thomas Amos, Santo Carlini, Janine Rolfe.

Review of Operations

Ambertech reported revenue of $45.4m for H1 FY25, an 11% decline from the prior corresponding period, primarily due to softer trading conditions and delays in major contracts within the Professional segment. Despite these challenges, the company maintained a stable gross profit margin of 33.3%.

Integrated Solutions and Retail segments performed well, with revenue growth of 6% and 32%, respectively. However, lower project revenues and one-off restructuring costs of $337,000 impacted EBITDA, which fell to $1.1m (H1 FY24: $3.6m). The company recorded a Net Loss After Tax of $(0.3m) (H1 FY24 NPAT: $1.6m).

Inflationary pressures and subdued consumer spending contributed to softer demand, particularly in Hi-Fi and musical instruments. In response, the company has realigned its cost base to improve operational efficiency and position itself for future growth.

Further information relating to 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 loss after providing for income tax for the period ended 31 December 2024 was ($300,000), down by $1,853,000 on the previous corresponding period (2023: profit of $1,553,000). Revenue for the period was $45,355,000 (2023: $50,884,000). Further information on the operating results is included in the attached Appendix 4D.

Dividend

There was no final dividend for the year ended 30 June 2024, and no dividend has been declared in respect of the period to 31 December 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.

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P F Wallace Chairman of Directors

P A Amos Managing Director

Sydney, 25th day of February 2025.

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Level 11, 1 Margaret Street Sydney NSW 2000 Australia

Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au

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DECLARATION OF INDEPENDENCE BY JOHN BRESOLIN TO THE DIRECTORS OF AMBERTECH LIMITED

As lead auditor for the review of Ambertech Limited for the half-year ended 31 December 2024, 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 Ambertech Limited and the entities it controlled during the period.

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John Bresolin Director

BDO Audit Pty Ltd

Sydney, 25 February 2025

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BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of A.C.N. 050 110 275 Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and A.C.N. 050 110 275 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 2024

		31-Dec-24	31-Dec-23
	Note	$'000	$'000
Revenues	7	45,355	50,884
Cost of sales		(30,250)	(33,929)
Grossprofit		15,105	16,955
Other income		377	187
Net fair value gain on forward exchange contracts		526	-
Employee benefits expense		(10,633)	(9,768)
Distribution costs		(1,097)	(1,033)
Marketing costs		(818)	(705)
Premises costs		(470)	(397)
Travel costs		(441)	(404)
Depreciation and amortisation expenses		(698)	(746)
Finance costs		(740)	(641)
Restructure costs		(337)	-
Other expenses		(1,089)	(1,226)
(Loss)/Profit before income tax		(315)	2,222
Income tax benefit/(expense)		15	(669)
(Loss)/Profit after income tax		(300)	1,553
Other comprehensive income
Exchange differences on translation of foreign operations		(14)	21
Total comprehensive income for the halfyear		(314)	1,574
Earnings per share
Basic earningsper share(cents)		(0.3)	1.7
Diluted earningsper share(cents)		(0.3)	1.6

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 2024 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 2024

	31-Dec-24 30-Jun-24 Note $'000 $'000 ASSETS CURRENT ASSETS Cash and cash equivalents 2,418 2,049 Trade and other receivables 16,650 16,702 Inventories 26,110 22,663 Current tax assets 443 390 FX Contract assets 526 -
	TOTAL CURRENT ASSETS 46,147 41,804
	NON-CURRENT ASSETS Plant and equipment 409 488 Right-of-use assets 3,515 4,131 Intangible assets 1,887 1,861 Deferred tax assets 2,448 2,470
	TOTAL NON-CURRENT ASSETS 8,259 8,950
	TOTAL ASSETS 54,406 50,754
	LIABILITIES CURRENT LIABILITIES Trade and other payables 10,000 11,776 Other financial liabilities 9,761 5,098 Contract liabilities 3,749 1,901 Lease liabilities 1,803 1,735 Provisions 2,279 2,360
	TOTAL CURRENT LIABILITIES 27,592 22,870
	NON-CURRENT LIABILITIES Contract liabilities 10 21 Provisions 512 375 Lease liabilities 4,257 5,198 Deferred tax liabilities 133 74
	TOTAL NON-CURRENT LIABILITIES 4,912 5,668
	TOTAL LIABILITIES 32,504 28,538
	NET ASSETS 21,902 22,216
	EQUITY Share capital 5 22,332 22,332 Reserves (17) (3) Accumulated losses (413) (113)
	TOTAL EQUITY 21,902 22,216

The above Consolidated Statement of Financial Position is to be read in conjunction with the attached notes and the 30 June 2024 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 2024

Economic Entity Balance as at 01 July 2023 Profit for the half-year Exchange differences on translation of foreign operations Total comprehensive income for the half-year Transactions with equity holders: Dividends declared, paid and reinvested as part of the Dividend Reinvestment Plan (note 4) Balance as at 31 December 2023 Balance as at 01 July 2024 (Loss) for the half-year Exchange differences on translation of foreign operations Total comprehensive income for the half-year Balance as at 31 December 2024	Share Capital $’000 Foreign Currency Translation Reserve $’000 Share Based Payments Reserve $’000 Retained Earnings/ (Accumulated losses) $’000 Total Equity $’000 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
	22,332 (80) 77 (113) 22,216 - - - (300) (300) - (14) - - (14)
	- (14) - (300) (314)
	22,332 (94) 77 (413) 21,902

The above Consolidated Statement of Changes in Equity is be read in conjunction with the attached notes and the 30 June 2024 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 2024

	Note	31-Dec-24	31-Dec-23
		$'000	$'000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers		47,272	53,333
Payments to suppliers and employees		(46,245)	(48,412)
Interest received		23	2
Interest and other costs of finance paid		(539)	(641)
Net Income tax refunded/paid		42	(610)
Netgoods and services tax remitted		(3,733)	(3,408)
Net cash from/ (used in)operatingactivities		(3,180)	264
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for plant and equipment		(43)	(164)
Payment for intangible assets		(26)	-
Net cash used in investingactivities		(69)	(164)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from borrowings		4,663	1,114
Repayment of leases		(1,034)	(702)
Dividendspaid to shareholders		-	(494)
Net cash(used in)/from financingactivities		3,629	(82)
Net increase in cash and cash equivalents held		380	18
Cash and cash equivalents at beginning of period		2,049	1,568
Effect of exchange rate changes on cash and cash equivalents held in
foreign currencies at the beginningof the financialyear		(11)	(20)
Cash and cash equivalents at end ofperiod		2,418	1,566

The above Consolidated Statement of Cash Flows is to be read in conjunction with the attached notes and the 30 June 2024 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 2024

NOTE 1: STATEMENT OF COMPLIANCE

This general purpose interim financial report for the half-year ended 31 December 2024 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 2024 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 2024, the consolidated entity recorded EBIT of $425,000 (2023: EBIT of 2,863,000); with a loss after tax for the period of $300,000 (2023: Profit of $1,553,000). The consolidated entity had operating cash outflows of $3,180,000 (2023: inflows of $264,000) and had cash reserves of $2,418,000 as at 31 December 2024 (30 June 2024: $2,049,000). Current period results included restructure costs of $337,000 as the cost structure of the business was adjusted.

Given the positive working capital position at balance date and the results for the period since balance date up until signing of this report have been profitable, 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 2024 are consistent with those applied in the annual financial report for the year ended 30 June 2024, unless otherwise stated.

Derivative financial instruments

Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged. As hedge accounting is not applied, the subsequent changes in fair value are recorded in the profit or loss.

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

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 2024

NOTE 4: DIVIDENDS

NOTE 4: DIVIDENDS
	31-Dec-24	31-Dec-23
Recognised as distribution to equity holders	$'000	$'000
Final dividend – Nil (2023: 1.0 cents per share), 100% franked at a tax rate of
30%	-	932
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
Dividends declared, paid and reinvested as part of the Dividend Reinvestment
Plan:
Dividends declared and paid	-	494
Dividends reinvested as part of Dividend Reinvestment Plan	-	438
Total dividends declared, paid and reinvested as part of the Dividend
Reinvestment Plan:	-	932

NOTE 5: SHARE CAPITAL

OTE 5: SHARE CAPITAL
	Economic	Entity	Economic	Entity
	31-Dec-24	30-Jun-24	31-Dec-24	30-Jun-24
	Shares	Shares	$'000	$'000
A).Ordinary Shares fully paid (no par value)	95,404,783	95,404,783	22,332	22,332

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:

31/12/2024:
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	2,975,000	-	-	-	2,975,000
			4,025,000	-	-	-	4,025,000
Weighted Average Exercise		Price	$0.255	-	-	-	$0.255

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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 2024

NOTE 6: SHARE BASED PAYMENTS (continued)

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

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

Grant Date	Expiry Date	31/12/24	31/12/23
		Number	Number
18/12/2020	18/10/2025	600,000	600,000
18/10/2023	17/10/2028	725,000	750,000
		1,325,000	1,350,000

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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 2024

NOTE 7: SEGMENT REPORTING

Segment reporting for the half-year ended 31 December 2024 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 2024 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	Retail Integrated Solutions Professional Elimination s Economic Entity $'000 $'000 $'000 $'000 $'000 8,657 24,514 12,184 - 45,355 - - - - -
	8,657 24,514 12,184 - 45,355
	981 1,098 (831) - 1,248 (125)
	1,123 (698)
	425 (740)
	(315) 15
	(300)

• Profit for the half-year

31 December 2024 Assets - Segment Assets - Unallocated/corporate assets - Total assets Liabilities - Segment liabilities - Unallocated/corporate liabilities - Total liabilities Net Assets	Retail Integrated Solutions Professional Elimination s Economic Entity $'000 $'000 $'000 $'000 $'000 11,129 22,651 14,241 - 48,021
	6,385
	54,406
	1,366 9,925 8,995 - 20,286
	12,218
	32,504
	21,902

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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 2024

NOTE 7: SEGMENT REPORTING (Continued)

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 30 June 2024 Assets - Segment Assets - Unallocated/corporate assets - Total assets Liabilities - Segment liabilities - Unallocated/corporate liabilities - Total liabilities Net Assets Other - Acquisition of non-current segment assets	Retail Integrated Solutions Professional Elimination s 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 Elimination s Economic Entity $'000 $'000 $'000 $'000 $'000 9,336 20,996 13,732 - 44,064
	6,690
	50,754
	2,825 9,970 6,594 - 19,389
	9,149
	28,538
	22,216
	64 107 89 - 260

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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 2024 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, 25th day of February 2025

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Level 11, 1 Margaret Street Sydney NSW 2000 Australia

Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au

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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 2024, 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 2024 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.

BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of A.C.N. 050 110 275 Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and A.C.N. 050 110 275 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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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 2024 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

John Bresolin Director

Sydney, 25 February 2025

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