HIGHCOM LIMITED — Capital/Financing Update 2026

Mar 22, 2026

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23 March 2026

ASX Announcement

Highcom Armor receives US$1.2m/A$1.7m body armour order

Key Highlights:

• HighCom Armor has received a US$1.2m/A$1.7m body armour order from a major US customer

• Order will be delivered in FY26

• Clear signs of market recovery post the extended US Government funding shutdown

HighCom Limited ( ASX: HCL ) ( HighCom or the Company ) is pleased to announce the receipt of a US$1.2m order for body armour from a long-term, major HighCom customer. The order has been received as the volume of inbound enquiries climbs, a clear sign of a market recovery post the extended US Government funding shutdown late last calendar year. The order is to be delivered in FY26 to meet the customer requirements.

HighCom Armor President, Mr. Ryan Edwards, said: “We are excited to receive this order after an extended period of low market volume, driven by the US Government shutdown. Our level of market enquiry is building solidly, a clear sign of a market recovery back to more normal levels. HighCom is known for its high quality, light weight, armour solutions, and our significant manufacturing capacity allows us to respond rapidly to customer requests, as they work to support growing market demand.”

HighCom Armor Vice President Operations, Chad Wright, said:” Our teams have carried out the detailed inventory and production planning and stand ready as we respond to the increases in demand, driven by heightened tensions regionally and abroad.”

HighCom Armor Solutions continues its long-standing commitment “ to protect first and front-line responders” through the design and delivery of advanced, light weight, armour systems for military, law enforcement, and government customers worldwide.

HighCom Limited | ABN 90 103 629 107 | 3 Faulding Street, Symonston, ACT, Australia | Telephone: +61 2 6163 5588

About HighCom Armor Solutions, Inc.

HighCom Armor Solutions, Inc. is a US-based manufacturer of advanced ballistic armour solutions for military, law enforcement, and security professionals. With decades of experience in ballistic solutions, and ceramic and composite armour systems, HighCom is committed to innovation, rigorous testing, and US domestic manufacturing excellence.

This ASX announcement has been authorised for release by the Board.

ENDS

For General & Media Enquiries:

Mr. Geoff Knox

Executive Chair and Group Chief Executive Officer Email: investors@highcom.group

About HighCom Limited

HighCom Group (ASX:HCL) is comprised of HighCom Limited (Australia), and its two distinct businesses – HighCom Armor and HighCom Technology.

HighCom Armor designs, manufactures, and supplies global military, law enforcement, and first responder customers with world-class, advanced personal protection ballistic products and solutions for Body Armour, Ballistic Helmets, and Composite Armour Panels & Platform Structures.

HighCom Technology supplies Australian Defence and Security Agencies with world-leading Small Uncrewed Aerial Systems (SUAS) and Sensor Payloads, and provides local Program, Project and Engineering Management, Systems Integration, Maintenance, Composite Repairs, and Logistics Support Services.

Learn more about HighCom: www.highcom.group

HighCom Limited | ABN 90 103 629 107 | 3 Faulding Street, Symonston, ACT, Australia | Telephone: +61 2 6163 5588