STREAMPLAY STUDIO LIMITED — Annual Report 2025

Aug 28, 2025

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ASX RELEASE

Appendix 4E Preliminary Final Report

Rule 4.3A

Name of entity:	STREAMPLAY STUDIO LIMITED
ABN or equivalent company reference:	31 004 766 376
1. Reporting period
Preliminary report for the financial year ended	30 June 2025
Previous corresponding period is the financial year ended	30 June 2024

2. Results for announcement to the market

				$’000
Revenues from ordinary activities_(item 2.1)_	Up	201%	to	5,452
Loss from ordinary activities after tax attributable to members(item 2.2)	Up	18%	to	(1,821)
Loss for the period attributable to members (item 2.3)	Up	18%	to	(1,821)
Dividends(item 2.4)	Amount per security		Franked amount per security
Interim dividend Final dividend	Nil Nil		Nil Nil
Record date for determining entitlements to the dividend_(item 2.5)_	Not Applicable
Brief explanation of any of the figures reported above necessary to enable the figures to be understood (item 2.6): Refer to item 12.

3. Statement of profit or loss and other comprehensive income

Refer to attached Financial Report for the year ended 30 June 2025.

4. Statement of financial position

Refer to attached Financial Report for the year ended 30 June 2025.

5. Statement of Cash flows

Refer to attached Financial Report for the year ended 30 June 2025.

6. Statement of changes in equity

Refer to attached Financial Report for the year ended 30 June 2025.

7. Dividends

7. Dividends
	Date of payment	Total amount of dividend
Interim dividend – year ended 30 June 2025	N/A	N/A
Final dividend – year ended 30 June 2025	N/A	N/A

Amount per security

Amount per security
	Amount per security	Franked amount per security at % tax	Amount per security of foreign sourced dividend
Total dividend: Current year	N/A	N/A	N/A
Previous year	N/A	N/A	N/A

Total dividend on all securities

Total dividend on all securities
	Current period $A'000	Previous corresponding Period -$A'000
Ordinary securities (each class separately)	N/A	N/A
Preference securities (each class separately)	N/A	N/A
Other equity instruments_(each class separately)_	N/A	N/A
Total	N/A	N/A

8. Details of dividend or distribution reinvestment plans in operation are described below:

N/A

The last date(s) for receipt of election notices for participation in the N/A dividend or distribution reinvestment plan

9. Net tangible assets per security

. Net tangible assets per security
	Current period	Previous corresponding period
Net tangible asset backing per ordinary security	$0.008	$0.013

10. Details of entities over which control has been gained or lost during the period: Control gained over entities

Control gained over entities
Name of entities_(item 10.1)_	Noodlecake Studios Inc.
Date(s) of gain of control_(item 10.2)_	1 January 2025
Profit (loss) from ordinary activities after tax of the controlled	CAD$1.2M
entities for the whole of the previous corresponding period
(item 10.3)

Loss of control of entities

Name of entities (item 10.4) N/A Date(s) of loss of control (item 10.5) N/A Contribution to consolidated profit (loss) from ordinary N/A activities after tax by the controlled entities to the date(s) in the current period when control was lost (item 10.6). Profit (loss) from ordinary activities after tax of the controlled N/A entities for the whole of the previous corresponding period (item 10.7)

11. Details of associates and joint venture entities

Name of associate or joint venture entity (item 11.1) % Securities held (item 11.2)

N/A N/A

Aggregate share of profits (losses) of associates and joint venture entities (item 11.3)

Group’s share of associates’ and joint venture entities’: Profit (loss) from ordinary activities before tax Income tax on ordinary activities Net profit (loss) from ordinary activities after tax Adjustments Share of net profit (loss) of associates and JV entities	2025 $ 2024 $
	N/A N/A
	N/A N/A
	N/A N/A

12. Significant information relating to the entity’s financial performance and financial position.

OVERVIEW

Streamplay Studio Limited (ASX: SP8) (“ Streamplay ” or the “ Company ”) is the owner of North Americabased Noodlecake Studios, an award-winning indie game studio recognised for its original IPs and collaborative publishing projects. With a portfolio of more than 60 published titles and over 270 million downloads globally, Noodlecake has established itself as a leader in the casual and indie gaming market across mobile, console, and PC platforms.

Through its flagship game studio, proprietary cloud gaming and competitive casual gaming technologies, and regional telco-aligned partnerships, Streamplay delivers a diverse portfolio spanning game development and publishing, eSports platforms, music and sports streaming, and telco value-added services. The Company operates across North America, Australia, MEA, and the Pacific Islands, collaborating with Tier 1 gaming storefronts and multinational Mobile Network Operators (“MNO”) to deliver engaging digital entertainment experiences.

FINANCIAL HIGHLIGHTS

• Total Income was $7.2M, up 121% (FY24: $3.3M)

• Operating Revenue of $5.5M, up 201% (FY24: $1.8M).

• Noodlecake sales contribution of $2.9M (including $252k of development funding) and additional growth from UAE and American Samoan markets.

• Operating loss after tax of $1.82M (FY24: $1.54M loss), reflecting higher investment in development, integration and staff.

• Positive operating cash flow and profitability in Q4 FY25.

• Cash balance of $7.7M at 30 June 2025 (30 June 2024: $14.3M).

OPERATIONAL HIGHLIGHTS

• Noodlecake acquisition completed on 1 January 2025, adding more than 60 published titles and delivering immediate revenue contribution.

• Launched titles: Super Flappy Golf, Ultimate Chicken Horse , and Sacre Bleu.

• Strong pipeline of upcoming titles: Winter Burrow , Flick Shot Rogues (building strong wishlist and community traction) and Suzy Cube DX – amongst others.

• New licence agreement with Amazon in May 2025, bolstering several pre-existing Tier 1 development funding agreements held prior to the Noodlecake acquisition.

• Expanded global footprint through new commercial partnerships across Asia-Pacific and the Middle East, and a continued presence in South Africa.

• Operational efficiencies delivered, with group-wide cost optimisation supporting growth.

FINANCIAL PERFORMANCE

Total Income was $7.2M, an increase of 121% over the prior year (FY24: $3.3M), including a $1.1M R&D tax incentive credit.

Revenue from operations was $5.5M, an increase of 201% over the prior year (FY24: $1.8M). This growth was primarily driven by a $2.9M first-time contribution from Noodlecake storefront sales and subscriptions (including $252k of development funding), together with growth in the UAE and American Samoan markets. Other income totalled $1.8M, primarily comprising an R&D tax credit ($1.1M), interest income ($442k), and realised gains on disposal of digital assets ($258k).

The Group reported a consolidated operating loss after tax of $1.82M (FY24: $1.54M loss). While the statutory result reflects higher investment in platform development, staff costs, and integration of the Noodlecake business, the Company returned to positive operating cash flow and profitability at a quarterly level in Q4 FY25, highlighting the trajectory toward sustainable earnings.

Noodlecake’s portfolio is supported by several development funding and licensing agreements with Tier 1 storefront and platform partners. A number of these were established prior to the Company’s acquisition of Noodlecake on 1 January 2025. During the reporting period, a new licence agreement with Amazon was signed (29 May 2025), further bolstering these pre-existing agreements and forming part of milestonebased development funding opportunities expected to contribute materially in FY26.

CASH POSITION

The Company ended FY25 with cash at bank of A$7.7M (30 June 2024: A$14.3M), following acquisition and investment activities during the year.

OUTLOOK

Streamplay enters FY26 in a strong financial position, supported by a scalable portfolio of Tier 1 storefront and MNO partnerships, expanding market presence in the Pacific and Middle East, and a growing contribution from Noodlecake’s storefront and subscription revenues. In addition to this base growth, the Company expects further material revenue contribution from current development funding, alongside additional telco launches and game publishing opportunities.

13. The financial information provided in the Appendix 4E is based on the preliminary financial report (attached), which has been prepared in accordance with Australian accounting standards.

14. Commentary on the results for the period.

Refer to explanation item 12.

15. Information on Audit.

This report is based on accounts that are in the process of being audited and are unlikely to be subject to dispute or qualification.

STREAMPLAY STUDIO LIMITED and its Controlled Entities

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

Notes Continuing Operations Revenue from operating activities 2 Cost of Goods sold Gross profit Other income 3 Total income Operating expenses Foreign exchange gains Administration expenses Consulting expenses Depreciation and amortisation Finance costs Allowance for credit losses Research and Development Marketing expenses Professional expenses Share based payment expenses Staff cost and benefits Total Operating Expenses Profit/(Loss) before income tax from continuing operations Income tax benefit/ (expenses) Profit/(Loss) after income tax for the year Items that may be reclassified subsequently to Profit or loss Other comprehensive income/(loss), net of income tax Total comprehensive profit/(loss) for the year Profit/ (Loss) attributable to: Members of the parent Total comprehensive profit/(loss) attributable to: Members of the parent Earnings/(Loss) per share From continuing operations Basic and diluted earnings/ (loss) per share (cents per share) Overall Basic and diluted earnings/ (loss) per share (cents per share)	2025 2024 $ $
	5,452,305 1,810,946 (3,609,993) (1,453,761)
	1,842,312 357,185
	1,797,059 1,475,255
	7,249,364 3,286,201
	(374,836) (201,329) (46,088) (19,346) (184,336) (99,190) (492,526) (497,403) (190,414) (10,567) (237,291) (91,600) (240,125) (879,915) (1,152,326) (1,078,240) (233,901) (279,813) (280,946) (157,278) (915,185) (273,264) (619,671) (218,576)
	(4,967,645) (3,806,521)
	(1,328,274) (1,974,081) (492,348) 431,687
	(1,820,622) (1,542,394)
	1,622 (43,701)
	(1,819,000) (1,586,095)
	(1,819,000) (1,586,095)
	(1,819,000) (1,586,095)
	(1,819,000) (1,586,095)
	(1,819,000) (1,586,095)
	(0.076) (0.13) (0.076) (0.13)

The accompanying notes form part of this Consolidated Statement of Profit or Loss and Other Comprehensive Income.

STREAMPLAY STUDIO LIMITED and its Controlled Entities

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

Notes Current Assets Cash and cash equivalents Trade and other receivables Prepayment Current tax asset Total Current Assets Non-current Assets Trade and other receivables Property, plant and equipment Goodwill Intangible assets Deferred tax assets Total Non-current Assets Total Assets Current Liabilities Trade and other payables Provision of VAT Current tax liabilities Employees’ benefits Loans and borrowings Deferred considerations Deferred tax liability Total Current Liabilities Non-Current Liabilities Deferred considerations Loans and borrowings Total Liabilities Net Assets Equity Issued capital 4 Reserves 5 Accumulated losses Total equity	2025 2024 $ $
	7,729,356 14,345,612 954,395 374,084 40,145 1,375 160,781 -
	8,884,677 14,721,071
	197,096 - 201,449 11,407 3,959,268 - 6,254,581 1,953 1,827,987 1,684,742
	12,440,381 1,698,102
	21,325,058 16,419,173
	1,289,878 249,556 120,000 120,000 956,856 965,793 10,631 16,605 59,976 - 1,836,556 - 991,987 15,660
	5,265,884 1,367,614
	74,874 - 1,836,556 -
	1,911,430 -
	7,177,314 1,367,614
	14,147,744 15,051,559
	73,404,201 72,489,016 (72,139) 190,952 (59,184,318) (57,628,409)
	14,147,744 15,051,559

The accompanying notes form part of this Consolidated Statement of Financial Position.

STREAMPLAY STUDIO LIMITED and its Controlled Entities

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

Notes Cash flows from operating activities Receipts from customers Payments to suppliers and employees Interest received / (paid) Income tax paid Other receipts Net cash used in operating activities Cash flows from investing activities Acquisition of plant and equipment Acquisition of intangible assets (Withdrawal)/ placement of term deposits Acquisition of other investment Proceeds from disposal of other investment Purchase of business, net of cash acquired Net cash (used in) / provided by investing activities Cash flows from financing activities Proceeds from exercise of options Payment of transaction costs Net cash provided by financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Effects of exchange rate changes Cash and cash equivalents at the end of the year	2025 2024 $ $
	3,344,479 906,232 (5,530,887) (3,374,534) 470,929 582,095 271,578 - 363,123 835,881
	(1,080,778) (1,050,326)
	- (7,805) (374,812) - 9,000,000 (1,483,319) - 1,740,852 - (5,400,582) -
	(5,517,861) 8,992,195
	- - - -
	- -
	(6,598,639) 7,941,869 14,345,612 6,403,743 (17,617) -
	7,729,356 14,345,612

The accompanying notes form part of this Consolidated Statement of Cash Flows.

STREAMPLAY STUDIO LIMITED and its Controlled Entities

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025

Issued Capital Accumulated Losses Option Reserve Revaluation Reserve $ $ $ $	Total Equity $
72,401,516 (57,241,765) 1,234,699 (30,060)	16,364,390
- (1,542,394) - - - - - (43,701)	(1,542,394) (43,701)
- (1,542,394) - (43,701) 87,500 - - - - 1,155,750 (1,155,750) - - - 185,764 -	(1,586,095) 87,500 - 185,764
72,489,016 (57,628,409) 264,713 (73,761)	15,051,559
72,489,016 (57,628,409) 264,713 (73,761)	15,051,559
- (1,820,622) - - - - - 1,622	(1,820,622) 1,622
- (1,820,622) - 1,622 915,185 - - - - 264,713 (264,713) -	(1,819,000) 915,185 -

The accompanying notes form part of this Consolidated Statement of Changes in Equity.

STREAMPLAY STUDIO LIMITED and its Controlled Entities

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. BASIS OF PREPARATION

This preliminary final report for the year ended 30 June 2025 relates to the consolidated entity consisting of Streamplay Studio Limited (“Streamplay” or “the Group”) and its controlled entities.

The preliminary final report has been prepared on an accruals basis and a historical cost basis except for certain current and non-current assets and financial instruments which are measured at fair value or where otherwise stated. Cost is based on the fair value of consideration given in exchange for assets.

This preliminary final report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report should be read in conjunction with the annual financial report of the year ended 30 June 2025 and any public announcements made by Streamplay during the year in accordance with the continuous disclosure requirements of the Corporations Act 2001.

The amounts contained in this preliminary final report are presented in Australian dollars, the functional currency of the consolidated entity.

STATEMENT OF COMPLIANCE

The preliminary final report is a general-purpose financial report and has been prepared in accordance with applicable Australian Accounting Standards, other pronouncements of the Australian Accounting Standards Board, Urgent Issues Group Interpretations and the Corporations Act 2001. The preliminary final report is also in compliance with ASX listing Rule 4.3A and the disclosure requirements of ASX Appendix 4E. Australian Accounting Standards include Australian equivalents of International Reporting Standards (“AIFRS”).

2. REVENUES

Revenue Sales - Noodlecake Sales – MEA Sales – Asia Pacific Total revenue from operating activities THER INCOME Other Income Research and development tax credit Gain on sale of digital currency Interest received Other income Total other income	30 Jun 25 30 Jun 24 $ $
	2,866,584 - 1,742,775 1,013,252 842,946 797,694
	5,452,305 1,810,946
	30 Jun 25 30 Jun 24 $ $
	1,093,879 - 257,645 819,481 442,039 639,374 3,496 16,400
	1,797,059 1,475,255

3. OTHER INCOME

STREAMPLAY STUDIO LIMITED and its Controlled Entities

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

4. ISSUED CAPITAL

a) Issued and paid up capital Ordinary shares fully paid b) Movements in shares on issue Movements in ordinary shares on issue Opening balance Adjustment Issue of shares in return for service Issue of shares in return on exercise of options Closing Balance ESERVES a) Reserves Options & Share based payments reserves Foreign currency translation reserve Total Reserves b) Movements Opening balance Expiry of performance rights Recognition of performance rights Revaluation Reserve Total Reserves	30 Jun 25 30 Jun 24 $ $ 73,404,199 72,489,016 30 Jun 25 30 Jun 24 No. $ No. $	30 Jun 25 30 Jun 24 $ $
		73,404,199 72,489,016
	1,150,573,669 72,489,016 1,138,073,669 72,401,516 50,100 - - - 130,740,741 915,185 - - - - 12,500,000 87,500
	1,281,364,510 73,404,201 1,150,573,669 72,489,016
		30 Jun 25 30 Jun 24 $ $
		- 264,713 (72,139) (73,761)
		(72,139) 190,952
		30 Jun 25 30 Jun 24 $ $
		190,952 1,204,639 (264,713) (1,155,750) - 185,764 1,622 (43,701)
		(72,139) 190,952

5 RESERVES

6 COMMITMENTS AND CONTINGENCIES

Lease expenditure commitments

The Group has entered into the following commercial leases for office accommodation:

South Africa Office : The property lease is contracted on a one-year fixed term with option to renew. No significant make-good or other obligations.

Canada Office: The property is under a non-cancellable lease for a five-year term ending 20 June 2027, with rent payable monthly in advance.

STREAMPLAY STUDIO LIMITED and its Controlled Entities

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Bank guarantee

There are no bank guarantees of the Group as at Balance Date.

Capital Commitments

The Group did not have any capital commitments as at Balance Date.

Contingent Liability

There were no contingencies as at 30 June 2025.

7 FINANCIAL INSTRUMENTS

At 30 June 2025, the carry value of all financial assets and liabilities is considered to approximate their fair values. The held for trading assets are recognised at fair value and have been classified as level 1 financial assets based on quoted prices in active markets.

8 SEGMENT INFORMATION

An operating segment is a component of an entity that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity), whose operating results are regularly reviewed by the entity's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance and for which discrete financial information is available. Management will also consider other factors in determining operating segments such as the existence of a line manager and the level of segment information presented to the board of directors. During the year the Company only operated in one segment and that was the development and commercialisation of online gaming platforms.

9 SUBSEQUENT EVENTS

There were no matters or circumstances arising since the end of the reporting period that have significantly affected, or may significantly affect the operations of the Company and the results of those operations or the state of the affairs of the Company in the financial period subsequent to 30 June 2025.