TZ LIMITED — AGM Information 2025

Nov 19, 2025

Level 2, 40 Gloucester Street The Rocks NSW 2000 Australia Telephone (+61) 2 9053 6753

www.tz.net

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TZ Limited

ABN 26 073 979 272

20 November 2025

ASX Announcement

2025 AGM CHAIRMAN’S ADDRESS

We acknowledge Aboriginal and Torres Strait Islander peoples as the traditional custodians of our land – Australia. The Gadigal of the Eora Nation are the traditional custodians of our local area.

TZ Limited was founded in 1996 and listed on the Australian Stock Exchange in 2004. Around 2008 it was scheduled to list on Nasdaq before the plan was aborted.

COMMERCIALISATION OF THE INTELLECTUAL PROPERTY

The company needed the invention in the marketplace - a commercial deployment. TZ incorporated its locking mechanism into Smart Lockers with the focus on integrating with the client’s inherent software.

Fast forward 20 years and where is TZ at today?

It has evolved into 3 divisions – SMART LOCKERS; DATA CENTRE SECURITY and KEYVISION (Tenant & Property services App). Over the past 5 years TZ has focused on building Recurring Revenue and today that approximates AUD$5m per annum. It is a “diversified revenue” stream with contributions from all 3 divisions.

Looking individually at those divisions.

SMART LOCKERS – 80% of Recurring Revenue

John Wilson (CEO) is currently in the US focusing on the Telezygology business.

The US subsidiary has drawn interest from “third parties” and the company will explore that interest. However, management believes the Recurring Revenue from the US, in the Smart Locker sector, can be grown substantially. Interestingly, the US subsidiary is being valued at a multiple of its Annual Recurring Revenue. That is over AUD$2.5m currently. The aim would be to double this to around AUD$5m per annum.

The US is not the only market. The company has had considerable success in Asia and Africa. The business will be expanded globally. TZ has budgeted for additional sales staff in these other regions.

DATA CENTRE SECURITY

One could assume this is the most exciting part of TZ’s business today and they would not be wrong.

In the Presentation I will run through shortly, there is a historical look at the DC Security performance over past years. Revenue grew from circa $600k in FY23; to $1.6m in FY24 and then $2.1m in FY25 (in a year disrupted by the tariff turmoil). Obviously, the sales to Microsoft gave TZ’s products a strong recommendation.

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Already sales for FY26 have surpassed $3m and TZ is only 4 months into the financial year. It is not the time taken to reach this sales level that has the company excited. It is the opportunities ahead (upcoming tenders that the company is already involved in and those it is about to participate in).

KEYVISION

The company is pleased to report the integration has been concluded. TZ’s finance team under Leilei Shen, now oversees Contracts and Invoicing with the operations fully incorporated in Hubspot (TZ’s CRM platform) and ODOO (TZ’s accounting framework). TZ’s software team, under Jose Jowins and Benedict (Pak Ho Chan) have released the latest version of the Keyvision software.

Now this has been completed the sales momentum will accelerate as Keyvision employees are able to provide the “added functionalities required by the clients”. The next step will be translation to “multilingual” thus enabling expansion into Asia. Also, sales resources need to be added for the US market.

OUTLOOK

It is NOW all about PERFORMANCE. The building blocks are in place. All 3 divisions now robust and scalable.

The Microsoft Data Centre sales has given a massive impetus to the DC Security offering. It is exciting to see the tenders and interest the company is now receiving or participating in with the Data Centre sector. TZ wants to be the dominant player in Data Centre Physical Security market.

The Keyvision platform is recognised as ‘best in breed” but needed to be more robust. This has now been achieved and TZ is also excited by the “global opportunity” for the platform – once multilingual.

Lastly, the SMART LOCKER business. TZ is committed to doubling the Recurring revenue from this sector. The client base is the envy of our competitors. I believe this company is on the cusp of significant earnings growth. With that will come a considerable re-rating of the share price.

It is NOW all about PERFORMANCE.

Authorised for release by the Company’s Board of Directors.

For further information, please contact:

Peter Graham Chairman TZ Limited Telephone: (+61) 2 9137 7300

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