DTI GROUP LTD — Annual Report 2024

Aug 29, 2024

s

2024

A B N 1 5 0 6 9 7 9 1 0 9 1

==> picture [577 x 48] intentionally omitted <==

----- Start of picture text -----

Financial Statements
----- End of picture text -----

DTI Group Ltd (ASX:DTI)

ABN 15 069 791 091

Appendix 4E – Preliminary Final Report

	Year ended	Year ended	Year ended
	30 June 2024		30 June 2023	$	%
	$000		$000	Change	Change
Revenues from ordinary activities	7,699		13,265	(5,565)	(42)
Earnings Before Interest, Tax, Depreciation & Amortisation (EBITDA)	(1,819)		(473)	(1,346)	(284)
Profit (loss) from ordinary activities after tax attributable to members	(2,483)		(940)	(1,543)	(1,642)
Netprofit(loss)for theyear attributable to members	(2,483)		(940)	(1,543)	(1,642)

First deliveries of DTI’s new next-gen mid-range MDR-7 mobile data server.

Q1 2024 marked the first commercial deliveries of the Company’s new generation proprietary mobile data server (MDR) system. This new product, the MDR-7, is a mid-range workhorse which can capture and process vehicle telematics, video surveillance, and provide real time passenger information for installations on road-based vehicles through to multi-carriage trains. The MDR-7 was engineering in-house by DTI to achieve high levels of performance in demanding environmental conditions and applications.

First deliveries of DTI’s new Senti-ai truck-based solution

During Q2 2024 DTI entered a new market vertical with the first commercial sale and installation of the Company’s new Senti-ai truck-based waste recovery telematics and CCTV system. This innovative solution delivers customer operational benefits including productivity and safety improvements through the provision of high-quality digital camera footage and a host of critical telematics, including vehicle position, driving history, vehicle status, and other customer specific requirements. Clients acquiring the Senti-ai on-vehicle systems also have access to DTI’s cloud-based application that delivers enhanced fleet management and analysis.

Additional Senti-ai orders were taken and delivered during the year. The product broadens DTI’s customer base while leveraging DTI’s capability of delivery as repeatedly demonstrated in the rail, light rail and bus customer segments.

Multiple train proposals

DTI continues to submit proposals for rail opportunities around the globe. Proposals have been submitted for projects in Germany, the U.S.A., India and Malaysia, and additional product sales have been captured from existing installations in Australia, the U.S.A. and Canada.

During August-2024, the Sydney-based City and Southwest line commenced commercial service, all of the trains on this line utilise DTI’s passenger information system to keep passengers informed of their journey.

Transport for NSW Procurement Panel 4

During Q3 2024, DTI’s digital CCTV solution was successfully adopted by several bus manufacturers included in Transport for NSW’s Bus Procurement Panel 4. Bus operators are now able to specify a DTI system during a

P a g e | 2

==> picture [577 x 48] intentionally omitted <==

----- Start of picture text -----

Financial Statements
----- End of picture text -----

new bus purchase via the government procurement portal. This is the first time DTI has been on this panel, opening new opportunities in the NSW marketplace.

Telematics and real time access

During Q4 DTI demonstrated its telematics data capture and LiveView system to several existing bus customers. The feedback has been overwhelmingly positive, and several trials have commenced or are nearing rollout. This solution empowers operators to livestream on-vehicle footage and accelerate downloads for investigations of critical incidents.

Liveview testing for a major U.S.A. city authority was successfully completed and well-received by the government operator.

During the financial year, the Company did not issue any share capital.

	30 June 2024	30 June 2023
Number of Securities 446,997,439 446,997,439 Net tangible assets per security (cents) 0.003 0.01

The Company did not declare any dividends during the financial year ended 30 June 2024.

P a g e | 3

==> picture [577 x 48] intentionally omitted <==

----- Start of picture text -----

Financial Statements
----- End of picture text -----

Consolidated Statement of Profit or Loss and Other Comprehensive Income

for the year ended 30 June 2024

for the year ended 30 June 2024
Note	2024 $ 2023 $
Sales Revenue Cost of Goods Sold Operational overheads Gross Margin Impairment (expense) / reversal Other income Foreign exchange gain/(loss) Corporate overheads Depreciation/amortisation Net interest and finance gain/(loss) Net Profit/(Loss) Before Tax Tax (expense)/benefit Net Profit/(Loss) After Tax Other comprehensive income/(loss) Items that may be reclassified to profit or loss: Exchange differences Total other comprehensive income/(loss) Total comprehensive income/(loss) for the period Total comprehensive income/(loss) is attributable to: Owners of DTI Group Ltd Earnings per share for profit attributable to the ordinary equity holders of the Company: Basic earnings per share (cents per share) 4 Diluted earnings per share (cents per share) 4	7,699,480 13,264,585 (4,739,338) (8,817,888) (2,543,994) (2,547,752)
	416,148 1,898,945 (54,523) (59,638) 10,968 110 (40,265) 100,370 (2,151,316) (2,412,624) (475,418) (363,313) (186,498) (103,833)
	(2,480,904) (939,983) (2,466) –
	(2,483,370) (939,983) 3,621 (119,938)
	3,621 (119,938)
	(2,479,749) (1,059,921)
	(2,479,749) (1,059,921)
	(0.56) (0.21) (0.56) (0.21)

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

P a g e | 4

==> picture [577 x 48] intentionally omitted <==

----- Start of picture text -----

Financial Statements
----- End of picture text -----

Consolidated Statement of Financial Position

as at 30 June 2024

	Note	2024 $ 2023 $
Current assets Cash and cash equivalents Trade and other receivables Contract assets Inventories Other current assets Total current assets Non-current assets Other assets Property, plant and equipment Intangible assets Contract assets Right of use asset Total non-current assets Total assets Current liabilities Trade and other payables Contract liabilities Borrowings Provisions Lease liability Total current liabilities Non-current liabilities Provisions Lease liability Total non-current liabilities Total liabilities Net assets Equity Contributed equity Reserves Accumulated losses Total equity	2 3 1 3 3	478,362 1,113,237 1,816,464 3,913,008 176,635 80,279 4,645,243 4,511,781 618,130 289,599
		7,734,834 9,907,904
		125,000 505,041 235,371 269,768 2,381,580 1,933,181 182,787 222,910 219,583 334,148
		3,144,321 3,265,048
		10,879,155 13,172,952
		4,798,290 4,919,688 465,212 449,933 612,647 35,778 664,693 875,240 104,330 89,925
		6,645,172 6,370,564
		220,547 204,874 109,490 213,819
		330,037 418,693
		6,975,209 6,789,257
		3,903,946 6,383,695
		35,908,371 35,908,371 176,491 172,870 (32,180,916) (29,697,546)
		3,903,946 6,383,695

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

P a g e | 5

==> picture [577 x 48] intentionally omitted <==

----- Start of picture text -----

Financial Statements
----- End of picture text -----

Consolidated Statement of Changes in Equity

for the year ended 30 June 2024

	Contributed Equity Employee Share Plan Reserve Foreign Currency Translation Reserve Accumulated Losses Total $ $ $ $ $
At 30 June 2022 Profit for the year Other comprehensive income Total comprehensive income for the year Transactions with owners in their capacity as owners Recognition of share-based payments Shares issued to extinguish loan Issue of share capital Capital raising costs At 30 June 2023 Profit for the year Other comprehensive income Total comprehensive income the year Transactions with owners in their capacity as owners Recognition of share-based payments Issue of share capital Capital raising costs At 30 June 2024	35,908,371 478,968 (186,160) (28,757,563) 7,443,616 – – – (939,983) (939,983) – – (119,938) – (119,938)
	– – (119,938) (939,983) (1,059,921)
	– – – – – – – – – – – – – – – – – – – –
	35,908,371 478,968 (306,098) (29,697,546) 6,383,695
	– – – (2,483,370) (2,483,370)
	– – 3,621 3,621
	– – 3,621 (2,483,370) (2,479,749)
	– – – – –
	– – – – –
	– – – – –
	35,908,371 478,968 (302,477) (32,180,916) 3,903,946

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

P a g e | 6

==> picture [577 x 48] intentionally omitted <==

----- Start of picture text -----

Financial Statements
----- End of picture text -----

Consolidated Statement of Cash Flows

for the year ended 30 June 2024

Flows for the year ended 30 June 2024
Note	2024 $ 2023 $
Cash flows used in operating activities Receipts from customers Payments to suppliers and employees Interest received Interest paid Tax paid Net cash outflow used in operating activities Cash flows used in investing activities Payments for plant and equipment Payments for intangible assets Net cash outflow used in investing activities Cash flows (used in)/from financing activities Proceeds from borrowings Repayment of borrowings Payment for leased property Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Effect of foreign exchange on opening balances Cash and cash equivalents at the end of the year	9,851,426 12,799,267 (10,171,066) (12,010,380) 25,178 12,596 (50,229) (27,613) (2,466) –
	(347,157) 773,870
	(18,270) (13,817) (756,585) (1,104,996)
	(774,855) (1,118,813)
	778,187 178,888 (201,318) (184,122) (89,925) (120,324)
	486,944 (125,558)
	(635,068) (470,501) 1,113,237 1,558,055 193 25,683
	478,362 1,113,237

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

P a g e | 7

==> picture [577 x 48] intentionally omitted <==

Notes to the Consolidated Financial Statements

Note 1: Trade and other payables

Note 1: Trade and other payables
	2024 $ 2023 $
Trade payables Other payables Superannuation liability Payroll tax liability	1,777,071 2,222,255 2,791,020 2,550,736 212,242 114,614 17,957 32,083
	4,798,290 4,919,688

Note 2: Intangible assets

Note 2: Intangible assets
	Development Costs Patents Total $ $ $
At 30 June 2024 Cost (gross carrying amount) Accumulated amortisation Net carrying amount Movements in carrying amounts Balance at 1 July 2023 Additions Amortisation expense Net carrying amount At 30 June 2023 Cost (gross carrying amount) Accumulated amortisation Net carrying amount Movements in carrying amounts Balance at 1 July 2022 Additions Amortisation expense Net carrying amount
	2,564,036 863,967 3,428,003
	(447,113) (599,310) (1,046,423)
	2,116,923 264,657 2,381,580
	1,661,636 271,545 1,933,181
	708,894 47,691 756,585
	(253,607) (54,579) (308,186)
	2,116,923 264,657 2,381,580
	1,855,142 816,276 2,671,418 (193,506) (544,731) (738,237)
	1,661,636 271,545 1,933,181
	770,091 244,948 1,015,039 1,026,787 78,209 1,104,996 (135,242) (51,612) (186,854)
	1,661,636 271,545 1,933,181

P a g e | 8

==> picture [577 x 48] intentionally omitted <==

Note 3: Right of use asset & lease liability

	2024 $ 2023 $
Right of use asset Current Property – Land Lease Liability Current Property - Land Non-Current Property - Land Note 4: Earnings/(Loss) per share Earnings /(loss) per share	219,583 334,148
	104,330 89,925
	109,490 213,819
	2024 Cents per Share 2023 Cents per Share
Basic earnings / (loss) per share (cents per share) Diluted earnings / (loss) per share (cents per share) Reconciliation of profit / (loss) used in calculating earnings/(loss) per share	(0.56) (0.21)
	(0.56) (0.21)
	2024 $ 2023 $
The following reflects the income/(loss) and share data used in the calculations of basic and diluted earnings per share: Profit/(loss) used in calculating basic and diluted earnings per share Weighted average number of shares used as the denominator	(2,483,370) (939,983)
	2024 Number of Shares 2023 Number of Shares
Weighted average number of ordinary shares used in calculating basic earnings/(loss) per share Weighted average additional shares issued during the period Adjusted weighted average number of ordinary shares used in calculating diluted earnings/(loss) per share	446,997,439 446,997,439 – –
	446,997,439 446,997,439

Note 5: Accounting standards

The financial report is a general purpose financial report which has been prepared in accordance with the Corporations Act 2001 , Australian Accounting Standards, Australian Accounting Interpretations, and other authoritative pronouncements of the Australian Accounting Standards Board.

P a g e | 9

==> picture [577 x 48] intentionally omitted <==

Note 6: Foreign entities

The consolidated financial statements include the following subsidiaries:

Name	Incorporation	Shares		Equity
				%
			2024		2023
DTI Capital Pty Ltd	Australia	Ordinary	100		100
Virtual Observer Pty Ltd	Australia	Ordinary	100		100
DTI EMEA Limited	UK	Ordinary	100		100
DTI USA Holdings Inc	USA	Ordinary	100		100
DTI USA Inc(i)	USA	Ordinary	100		100
Digital Technology International	South Africa	Ordinary	100		100
(SA) (Pty) Ltd

(i) This entity is owned by DTI USA Holdings Inc.

The financial reports of the foreign entities in the Group have been prepared under International Financial Reporting Standards.

Note 7: Dividend payable

No dividends were declared during the financial year ended 30 June 2024.

Note 8: Events occurring after the reporting period

During July 2024, DTI Group signed a $900,000 financing facility. The receipt of these funds is timed to meet business needs and support the planned growth of the business.

No other matters or circumstances have arisen that have significantly affected or may significantly affect the operations of DTI Group Ltd, the results of those operations or the state of affairs of DTI Group Ltd in subsequent years.

Note 9: Progress of audit

The Appendix 4E is based on a Financial Report that is in the process of being audited.

P a g e | 1 0

==> picture [577 x 48] intentionally omitted <==

Authorised for release by the Board of DTI Group Ltd.

==> picture [104 x 51] intentionally omitted <==

Greg Purdy Chairperson 30 August 2024 Melbourne, Australia

P a g e | 1 1