INVION LIMITED — Capital/Financing Update 2026

Feb 18, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name INVION LIMITED

Date of this announcement

Thursday February 19, 2026

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code OPTION EXPIRING 30-JUNE-2027 EX $0.21 681 17/02/2026 to be confirmed

Refer to next page for full details of the announcement

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

INVION LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 094730417

1.3 ASX issuer code

IVX

1.4 The announcement is

New announcement

1.5 Date of this announcement

19/2/2026

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

New class of unquoted options, expiring 30 June 2027 and exercisable at $0.21.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 30-JUNE-2027 EX $0.21 +Security type ISIN code Options Date the +securities the subject of this notification were issued 17/2/2026 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Yes Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02956393-2A1601722&v=undefined

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.21000000 30/6/2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

IVX : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The potential issue of these securities was highlighted in the Appendix 3B lodged on 23 June 2025, see announcement here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02959584-2A1603305&v=undefin ed

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

681

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

IVXO holders who exercised options prior to 31 December 2025 were issued one option (Piggy-Back Option) for every two (2) IVXO exercised. Each Piggy-Back Option has a nil issue price.

Purpose of the issue

To raise additional working capital

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
IVXO : OPTION EXPIRING 30-JUN-2027	65,894,631
IVX : ORDINARY FULLY PAID	85,647,255
4.2 Unquoted +securities (Total number of each +class of +securities issued but not	quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
IVXAO : OPTION EXPIRING 31-OCT-2028 EX NIL	162,515
IVXAB : OPTION EXPIRING 29-MAY-2028 EX $0.14	794,332
IVXAAO : OPTION EXPIRING 13-JAN-2029 EX NIL	48,960
IVXAAP : OPTION EXPIRING 28-JUL-2029 EX NIL	114,527
IVXAAK : OPTION EXPIRING 01-MAY-2026 EX $1.00	200,000
IVXAAQ : CONVERTIBLE NOTES	72,024
IVXAP : OPTION EXPIRING 12-MAY-2028 EX $0.28	14,825,716
IVXAAI : OPTION EXPIRING 17-NOV-2026 EX NIL	220,138
IVXAAM : OPTION EXPIRING 28-NOV-2026 EX $1.00	1,200,000
IVXAAL : OPTION EXPIRING 01-DEC-2026 EX $1.00	120,000
New class - code to be confirmed : OPTION EXPIRING 30-JUNE-2027 EX $0.21	681

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

9

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