CODEIFAI LIMITED — Interim / Quarterly Report 2025

Oct 30, 2025

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ASX ANNOUNCEMENT

ASX: CDE | 31 October 2025

Q3 2025 sees successful capital raise & revenue up

• Q3 2025 sees revenue increase of 10% on Q2 and 55% on the PcP

• Successful capital raise in Q3

• Due Diligence for the purchase of the QuantumAI Secure platform COMPLETED to create a breakthrough opportunity for the Company

• Formation of Strategic Advisory panel completed

• Launch of GS1 “Digital Link” functionality on ConnectQR platform

• Trust Codes acquisition terminated in the Quarter

Codeifai Limited (ASX: CDE) a growing disruptor in the AI, quantum-security, secure fund and file transfer and QR code solution space presents highlights of activities for the quarter ended 30 September 2025 (Q3 2025).

Net cash used in operating activities in Q3 2025 of $566k was an increase on Q2 2025 but in line with the PcP, as the Company demonstrates continued strong cash management.

Revenue of $165k in the quarter is a 10% increase over Q2 and 55% increase on the PcP, pleasingly revenue Year to end Q3 2025 is 30% higher than the same period last year.

Due Diligence completed for acquisition of the QuantumAI Secure platform:

• Quantum Secured Payments and BNPL offering

• Quantum Secured File Transfers

• Quantum Encrypted end to end Communications

Developed by Credissential Inc, a Canadian registered financial technology Company listed on the CSE (WHIP.CNQ), the platform is a Quantum Secure next-generation platform for extremely secure payments, file transfers, and digital communications that integrates proprietary Post-Quantum Cryptography (PQC) with AI-optimised encryption architecture.

The system is designed from the ground up to withstand both classical and quantum computational threats and operates as a self-service SaaS platform.

While most existing financial and communications systems rely on encryption vulnerable to quantum decryption (such as RSA or ECC), QuantumAI Secure employs quantum-resistant algorithms, including lattice-based cryptography and hash-based signature schemes — technologies recommended by NIST’s post-quantum standardisation project.

QuantumAI Secure’s innovation doesn’t stop at cryptographic resilience. QuantumAI Secure also uses AI-driven anomaly detection to identify threats in real-time, learning and adapting to potential quantum-assisted attack patterns as they evolve.

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Codeifai Limited

investors@codeifai.com

Suite 506 50 Clarence Street SYDNEY NSW 2000

codeifai.com

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QuantumAI will incorporate agentic AI to its offering allowing for efficiency, speed and useability to its customers.

The QuantumAI Secure platform utilises quantum key distribution (QKD) and post-quantum cryptographic techniques to ensure excellent security in financial transactions—an essential capability as the world transitions into a quantum-aware era. By integrating this platform into its existing ecosystem, Codeifai aims to launch a new class of intelligent, quantumresilient solutions for the fintech, cybersecurity, data-licensing, digital content creation and enterprise software sectors.

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Key Features and Applications:

Quantum-Secure Payments Gateway: Enables banks, fintechs, and payment processors to adopt payment infrastructure that resists retroactive decryption — even by quantumcomputer equipped adversaries.

Quantum-Secure Messaging and Communication Protocols: Provides quantum-hardened alternatives to conventional secure messaging apps and collaboration platforms.

Plug-and-Play Compatibility: Designed to integrate with existing enterprise APIs and financial platforms, including Buy Now Pay Later (BNPL) gateways and cryptocurrency payment portals, enabling smooth migration paths toward quantum readiness.

Quantum-Secure Payments Gateway: Enables banks, fintechs, and payment processors to

adopt payment infrastructure that resists retroactive decryption — even by quantum computer equipped adversaries.

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investors@codeifai.com

Suite 506 50 Clarence Street SYDNEY NSW 2000

Codeifai Limited codeifai.com

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Quantum-Secure File Transfer Gateway: Ensures highly sensitive documents (financial contracts, IP, health records) remain confidential across time horizons.

Quantum-Secure Messaging and Communication Protocols: Provides quantum-hardened alternatives to conventional secure messaging apps and collaboration platforms.

Plug-and-Play Compatibility: Designed to integrate with existing enterprise APIs and financial platforms, including Buy Now Pay Later (BNPL) gateways and cryptocurrency payment portals, enabling smooth migration paths toward quantum readiness.

Strategic positioning in the Post-Quantum Race

What makes the QuantumAI Secure platform particularly compelling is its first mover advantage in combining PQC (Post Quantum Cryptography) with AI and real-time quantum threat monitoring. While many legacy security firms are scrambling to retrofit existing systems, the QuantumAI Secure platform was built on a post-quantum native foundation. This gives it a significant head start in compliance, performance, and credibility.

Synergies with Codeifai’s existing business

The acquisition of the antennatransfer.io (to be rebranded QuantumAI Secure) Business is highly complementary to CDE’s existing business, as both platforms share a core technological foundation — the use of QR codes — while targeting different but converging domains: AI-driven traceability and compliance (Codeifai’s existing business platform) and quantum-secured communications and transactions with QuantumAI Security. This synergy will allow Codeifai to not only enhance the security layer of its traceability and engagement solutions, but also cross-sell the QuantumAI Secure platform offering as a premium addition to its existing self-service SaaS suite - while expanding into the fast-emerging field of quantum-resilient infrastructure.

Codeifai’s existing platform leverages QR codes to provide authentication, supply chain transparency, consumer engagement and data verification across diverse industries. The QuantumAI Secure platform also uses QR codes—but to encrypt and enable secure payments, file transfers, and communications using Post-Quantum Cryptography (PQC). The integration of both platforms means Codeifai can now offer end-to-end trust, from the physical or digital asset’s origin (tracked via Codeifai’s system) to its secure transfer or transaction (protected by the QuantumAI Secure platform). This creates a seamless, quantum-hardened trust layer that is both user-friendly and future-proof, aligning with the increasing regulatory and security demands across global markets.

Market Opportunity

Codeifai is targeting a rapidly growing market suite through its proposed acquisition of antennatransfer, the QuantumAI Secure platform. Market sizes (all in USD):

• Secure Communications: $33.49 Billion (2024), growing to $85 Billion by 2032[(1)]

• QR Code Payments: $15.95 Billion (2025), growing to $73 Billion by 2035(2)

• Buy Now Pay Later: $560 Billion (2025), growing to $911 Billion by 2030(3)

• File Sharing: $14 Billion (2025), growing to $28.7 billion by 2032(4)

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investors@codeifai.com

Suite 506 50 Clarence Street SYDNEY NSW 2000

Codeifai Limited

codeifai.com

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Assembly of Strategic Advisory Panel

Codeifai’s Strategic Advisory Panel now features four highly skilled industry experts from some of the most transformative companies in technology: Nvidia, OpenAI, Google, WhatsApp and Binance:

Rafael Possas – Nvidia, AI Machine Learning Toni Timonen – OpenAI, Member of Technical Team Helen Chen – WhatsApp Inc, Head of Product Strategy Marcel Thiess – Binance, Country Lead (Germany, Austria, Switzerland)

These distinguished advisory panel members bring decades of collective experience and commercialisation success across fintech, AI research, blockchain & cryptocurrency innovation, quantum computing, and global-scale messaging systems. Their decision to join Codeifai’s panel serves as a strong endorsement of the significant market opportunity and the urgency for secure, quantum-resilient solution.

GS1 Digital Link integration into ConnectQR

During Q3 2025, CDE announced the launch of GS1 Digital Link functionality on the ConnectQR platform, this is an important step in CDE’s transition into a wider range of QR code solutions (such as Quantum secured fiat and crypto payments) and potentially others as QR code technologies grow globally in scale and scope.

Key Highlights

• GS1 Digital Link functionality within ConnectQR has launched after significant development ConnectQR now enables brands to generate GS1compliant 2D codes embedded with product identity.

• GS1 functionality expected to be a magnet for subscribers to ConnectQR

• GS1 Digital Link to be available in the premium “Pro” tier priced at US$34.99 per month.

• CDE’s move supports GS1’s “Sunrise 2027” - ConnectQR will be available to brands globally in the shift from legacy 1D barcodes to interoperable 2D barcodes with GS1Digital Link functionality.

• Benefits to both brand and consumers - One digital link code serving multiple purposes: point-of-sale, regulators, logistics, and consumer engagement.

• Shareholder value - Positions ConnectQR as a high-margin SaaS solution aligned with an inevitable global standards transition.

• Reinforces CDE’s focus on self-service SaaS rather than serialisation.

The 1D → 2D Transition

The global packaging and retail industry is undergoing one of its most significant transformations since the introduction of 1D barcodes in the 1950’s. GS1 Global has set Sunrise 2027 as the milestone date for the adoption of 2D barcodes, in addition to existing 1D barcodes. GS1 Digital Link is here NOW!

Unlike 1D barcodes, which only provide a static product identifier, 2D QR Codes with GS1 Digital Link connect products directly to point of sale systems and the web, providing rich data for retailers, regulators, and consumers alike.

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investors@codeifai.com

Suite 506 Codeifai Limited 50 Clarence Street SYDNEY NSW 2000 codeifai.com

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ConnectQR’s SaaS platform provides the tools for this transition - enabling brands to generate compliant codes at scale, dynamically update linked content, and access analytics on consumer engagement and product interaction.

Following positive shareholder feedback about our move into QuantumAI Secure technology, CDE’s Board decided to terminate the acquisition of Trust Codes Global Limited which was announced on 16[th] September 2025. The Board opined that the opportunities latent in the acquisition of the QuantumAI Secure technology far outweighed the opportunity presented by acquiring Trust Codes Global and hence determined it appropriate not to proceed with the proposed acquisition.

Corporate

The Company raised $2.53m in equity which settled in August 2025. As of 30th September 2025, the Company held $1,524k in cash and cash equivalents. During the quarter the Company made payments of $174k to related parties and their associates. This comprised payments related to the CEO/Chairman’s past salary and expense reimbursements.

A Notice of Meeting has now been announced setting an EGM for 8[th] December 2025 where shareholders can vote on the acquisition from Credissential Inc.

Strategic Review of CDE’s Material Science division

CDE’s strategic review of its Material Science Division focused on authenticity solutions is ongoing and is planned to be concluded by Q4 2025.

CDE Executive Chairman and Group CEO John Houston commented:

“Our pivot to the QuantumAI Secure fund and file transfer solution is the first in what we feel is an exciting move into the rapid adoption of QR codes as gateways to payment solutions, including crypto transactions, validating our market positioning. With strong momentum in cash management, sustained high margins, and growing global demand for QR code solutions and the emerging need for Quantum Secure solutions, we believe CDE is well-placed to deliver enhanced shareholder value throughout 2025 and beyond. Our shareholders have indicated strong support for the acquisition of the Credissential platform and therefore we expect to be able to secure this technology after the upcoming EGM.”

This announcement has been authorised by the Board of Codeifai Limited.

Ends.

For further information, please contact: Investor Relations Email: investors@codeifai.com

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investors@codeifai.com

Suite 506 50 Clarence Street SYDNEY NSW 2000

Codeifai Limited

codeifai.com

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About Codeifai Limited

Codeifai Limited (ASX: CDE) is a leading provider of digital and AI-powered brand solutions listed on the Australian Stock Exchange. With a strong focus on empowering brands through smart digital engagement, Codeifai’s high-margin offerings are designed to deliver exceptional scalability and profitability. Our solutions allow Brands to Connect Deeper, Faster, Smarter with their consumers.

Codeifai’s digital Brand Solutions provide a code for everybody and everything.

References:

1. https://www.wiseguyreports.com/reports/secure-communication-market

2. https://www.futuremarketinsights.com/reports/qr-code-payment-market

3. https://www.researchandmarkets.com/report/global-b2c-buy-now-pay-later-market 4. https://www.einpresswire.com/article/803352996/file-sharing-market-to-reach-usd-28-77billion-by-2032-sees-rapid-growth-amid-surge-in-remote-collaboration-tools

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investors@codeifai.com

Suite 506 50 Clarence Street SYDNEY NSW 2000

Codeifai Limited

codeifai.com

Rule 4.7B

Appendix 4C

Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

Codeifai Limited

ABN Quarter ended (“current quarter”) 68 108 649 421 30 September 2025

Consolidated statement of cash flows	Current quarter $A’000	Year to date (9 months) $A’000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a)research and development (b)product manufacturing and operating costs (c)advertising and marketing (d)leased assets (e)staff costs (f) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Return of deposits from office rentals 1.9 Other (Refund from legal deposit) 1.10 Other (GST/VAT refund)	165 (91) (1) (45) (20) (324) (369) - - 5 - - - - 114	588 (374) (30) (116) (75) (821) (923) - - 8 - - - - 134
1.11 Net cash from / (used in) operating activities	(566)	(1,609)
2. Cash flows from investing activities 2.1 Payments to acquire or for: (a)entities (b)businesses	- -	- -

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

Page 1

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current quarter $A’000	Year to date (9 months) $A’000
(c)property, plant and equipment (d)investments (e)intellectual property (f) other non-current assets 2.2 Proceeds from disposal of: (a)entities (b)businesses (c)property, plant and equipment (d)investments (e)intellectual property (f) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 2.6 Deposit into an escrow account Other (provide details if material) 2.7 Net cash from / (used in) investing activities	- - - - - - 1 - - - - - - -	- - - - - - 1 - - - - - - -
	1	1
3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Other (Corporate Advisory, Research, investor relations, etc.) 3.10 Net cash from / (used in) financing activities	2,347 - - (334) - (52) - - -	2,917 - - (424) 785 (510) - - (14)
	1,961	2,754

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter $A’000	Year to date (9 months) $A’000
4. 4.1 4.2 4.3 4.4 4.5 4.6	Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents at beginning of period Net cash from / (used in) operating activities (item 1.11 above) Net cash from / (used in) investing activities (item 2.7 above) Net cash from / (used in) financing activities (item 3.10 above) Effect of movement in exchange rates on cash held Cash and cash equivalents at end of period	131 (566) 1 1,961 (3)	386 (1,609) 1 2,754 (8)
		1,524	1,524
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts		Current quarter $A’000	Previous quarter $A’000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other – Undeposited 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)		1,524 - - -	131 - - -
		1,524	131
6. Payments to related parties of the entity and their associates			Current quarter $A'000
6.1 Aggregate amount of payments to related parties and their associates included in item 1 174 6.2 Aggregate amount of payments to related parties and their associates included in item 2 - Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.			174
			-

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

7. 7.1 7.2 7.3 7.4 7.5 76	Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 Capital raise - - Loan facilities (including bank overdraft) 2,750 750 Other (ATM facility) 130 0 Total financing facilities 2,880 750 Unused financing facilities available at quarter end 2,290 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000
		-	-
		2,750	750
		130	0
		2,880	750
	Answer: Note to item 7.2 (above) In Q3 2024 Codeifai signed a Loan Facility Agreement to provide up to $2 million in additional working capital with Harbour Capital Opportunities Fund Pty Limited (“HCOF”). Under the Loan Facility Agreement, Codeifai will be able to draw down $250,000 per month. The funding facility provides the Company with additional financial flexibility to focus on growing revenues from its Self-services SaaS AI analytic driven ConnectQR business. For the purpose of this 4C report, the Company has included the $2m HCOF Loan Facility in calculating available loan facilities as shareholder approval was received at the Company’s Annual General Meeting (AGM) dated May 8th2025. The company entered into a loan facility with J F Houston Holdings Pty Limited (JFH) for A$750,000 as reported at the last Quarter 4C. Interest is payable on amounts advanced under the facility at a reference NAB facility rate plus 19%. The loan and interest are repayable by CDE in 12 months unless repaid earlier. The loan facility is convertible and secured, both subject to shareholder approval or a waiver for the grant of the security. At the end of the Quarter $750k has been drawn under the facility. Note to Item 7.3 (above) The Company established an “At-The-Market” (ATM) equity-based facility with Dolphin Corporate Investments (DCI) on 2 November 2023, currently capped at 13m shares (just under 5% of the shares on issue post consolidation). The facility’s capacity depends on share price and available capacity during the request and option exercise period, fluctuating over time. The Company cannot sell shares above the number of shares issued to DCI at any time which is currently 13m, or request DCI to exercise options above the nominated floor price. DCI may choose to decline or partially exercise options to buy shares. The ATM is considered a “sold contingent option,” activated by the Company and subject to DCI’s discretion. To align with Australian Accounting Standards and ensure transparency, the Company has reported ATM facility availability in item 7.3, reflecting conditions precedent for the funding.

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

8.	Estimated cash available for future operating activities	$A’000
8.1 8.2 8.3 8.4 8.5 8.6	Net cash from / (used in) operating activities (item 1.11) (566) Cash and cash equivalents at quarter end (item 4.6) 1,524 Unused finance facilities available at quarter end (item 7.5) 2,290 Total available funding (item 8.2 + item 8.3) 3,814 Estimated quarters of funding available (item 8.4 divided by item 8.1) 6.7 Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5. If item 8.5 is less than 2 quarters, please provide answers to the following questions: 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?	(566) 1,524 2,290
		3,814
	Answer: N/A
	8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
	Answer: N/A
	8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
	Answer: N/A
	Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Date: 31 October 2025

Authorised by: The Board of Directors

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

1. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.

2. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

3. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – e.g., Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

4. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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