SPARC TECHNOLOGIES LIMITED — Capital/Financing Update 2026

Mar 24, 2026

25 March 2026

Sparc Technologies Receives $680K R&D Advance

HIGHLIGHTS

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• Sparc has received a $680K R&D advance on a portion of its expected future FY26 tax refund

• Non-dilutive funding will support ecosparc[®] commercialisation activities

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Sparc Technologies Limited (ASX: SPN) (Sparc, Sparc Technologies or the Company) is pleased to advise that it has received an advance payment of $680K on a portion of its expected FY26 research and development (R&D) tax refund from Rockford Equity Pty Ltd (Rockford).

Sparc's research and development activities have consistently been acknowledged by the Australian Tax Office (ATO) through the receipt of R&D tax refunds totalling ~$5.1M over the period between FY21 and FY25. The Rockford financing provides Sparc with non-dilutive funding which strengthens the Company’s cash position as we head into an important phase of commercialisation for ecosparc[®] . The R&D Tax Incentive scheme is a program jointly administered by the ATO and AusIndustry under which companies can receive up to a 48.5% tax refund on eligible research and development expenses.

Sparc Managing Director, Mr. Nick O’Loughlin commented:

"We are pleased to bank this important non-dilutive funding during a period of substantial activity for the Company. The R&D tax rebate program provides important financial support but also a strong endorsement of Sparc’s commitment to advancing novel technologies. The funding will be directed towards advancing commercialisation efforts for our ecosparc® additives and continuing our support of the Sparc Hydrogen joint venture”.

The Rockford loan attracts interest capitalised at 15% per annum with a minimum loan term of 30 days and a maximum loan term of 365 days. The loan is to be repaid from the Company’s actual FY26 R&D tax rebate received with early repayment at Sparc’s election. The financing is secured against the Company’s FY26 R&D tax rebate.

-ENDS-

Authorised for release by: Nick O’Loughlin, Managing Director.

For more information:

For more information:
Nick O’Loughlin	Aiden Bradley
Managing Director	Investor Relations
info@sparctechnologies.com.au	aiden@nwrcommunications.com.au
	+61 414 348 666

About Sparc Technologies

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Sparc Technologies Limited (‘Sparc’, ASX: SPN) is an Australian technology company developing solutions that enhance environmental and sustainability outcomes for global industries. Sparc has two transformative technology areas in which it works: green hydrogen and graphene enhanced materials. Sparc conducts research and development in-house and has extensive engagement and relationships with the university sector in Australia and globally.

1. Sparc Hydrogen is a joint venture between Sparc Technologies, Fortescue Ltd and the University of Adelaide which is pioneering next-generation green hydrogen production technology. Photocatalytic water splitting (PWS) is an emerging method to produce green hydrogen without electrolysers - using only sunlight, water and a photocatalyst. Given lower infrastructure requirements and energy use, PWS has the potential to deliver cost and flexibility advantages over existing hydrogen production methods.

2. Sparc has developed and is commercialising a graphene based additive product, ecosparc[®] , which at low dosages significantly improves the performance of commercially available epoxy-based protective coatings. Sparc has commissioned a manufacturing facility to produce ecosparc[®] and is engaging with global coatings companies and large asset owners on testing, trials and commercial partnerships.

For more information about the company please visit: sparctechnologies.com.au

For more information about Sparc Hydrogen please visit: sparchydrogen.com