USCOM LIMITED — Interim / Quarterly Report 2026

Oct 30, 2025

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ASX RELEASE

Uscom 4C Quarterly Cash Report to 30 September 2025 - Cash on hand $0.71m

SYDNEY, Australia, Friday 31[st] October 2025: Uscom Limited (ASX code: UCM) (the Company or Uscom ) advises that it has released its 4C cash report for the quarter ending 30[th] September 2025 as required by the ASX. The results disclosed in the attached Appendix 4C are in Australian dollars (AUD) and compared to prior period (pp) and prior corresponding period (pcp).

Report:

Revenue

For Q1 receipts from customers decreased 9% to $0.51m from $0.55m in the pp and decreased 15% from $0.59m in the pcp.

Cash Flow

For Q1 Uscom reported cash on hand $0.71m decreased 27% from the pp of $0.97m. Operating cash outflow was $0.89m an increase from an outflow of $0.72m in the pp.

Expenditure

Expenditure for the quarter was increased with product manufacturing and operating costs of $0.23m up 159% from $0.09m in the pcp. Admin and corporate expenses were decreased 72% from the pcp to $0.21m.

The amount included in line 6.1 of appendix 4C is the payment of fees to Directors.

Commentary:

Executive Chairman of Uscom, Professor Rob Phillips said “Q1 remained difficult in all regions except SE Asia which continues to achieve to forecasts. The shifting US Tariff wars have created global uncertainty in all markets, while Europe continues to re-allocate funding from healthcare to defense as the Russian war directs public spending priorities. China, Uscom’s major market, remains focused on broader long term economic stabilization with the most recent 5-year plenum confirming a focus on health and technology, despite the impact of changing and unpredictable US tariffs. Effective investment and business strategies require consistency and predictability to support rational commercial responses to global geopolitics gyrations to provide a platform from which we can enact next steps to promote Uscom’s long term success. In the mean-time Uscom management continue to comply with changing global regulatory demands and increasingly complex regional administrative compliance. However longer term we have confidence that personal healthcare, a business with a market in the order of 100B USD, will remain a significant and critical social focus. We remain convinced that Uscom’s sector leading innovative cardiovascular and pulmonary technologies which address conditions responsible for more than 75% of all human mortality will have enduring healthcare value by improving quality and duration of life. We look forward to the normalization of global commercial environments and the restoration of Uscom’s long term growth.”

Uscom manufactures and markets the world leading USCOM 1A , the Uscom BP+ , and the Uscom SpiroSonic digital multi-channel ultrasonic spirometry technologies into global markets addressing cardiovascular and pulmonary diseases.

Uscom Limited (ABN 35 091 028 090) Suite 2, Level 8, 66 Clarence Street, Sydney, NSW, 2000, Australia T: +612 9247 4144 E: info@uscom.com.au W: www.uscom.com.au

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ASX RELEASE

About Uscom

Uscom Limited (UCM) : An ASX listed innovative medical technology company specialising in development and marketing of premium non-invasive cardiovascular and pulmonary medical devices. Uscom has a mission to demonstrate leadership in science and create noninvasive devices that assist clinicians improve clinical outcomes. Uscom has three practice leading suites of devices in the field of cardiac, vascular and pulmonary monitoring; the USCOM 1A advanced haemodynamic monitor, Uscom BP+ central blood pressure monitor, and the Uscom SpiroSonic digital ultrasonic spirometers. Uscom devices are premium resolution, noninvasive devices which deploy innovative and practice leading technologies approved or submitted for FDA, CE, CFDA and TGA regulatory approval and marketing into global distribution networks.

The USCOM 1A : A simple to use, cost-effective and non-invasive advanced haemodynamic monitor that measures cardiovascular function, detects irregularities and is used to guide treatment. The USCOM 1A device has major applications in Paediatrics, Emergency, Intensive Care Medicine and Anaesthesia, and is the device of choice for management of adult and paediatric sepsis, hypertension, heart failure and for the guidance of fluid, inotropes and vasoactive cardiovascular therapy.

The Uscom BP+ : A supra-systolic oscillometric central blood pressure monitor which measures blood pressure and blood pressure waveforms at the heart, as well as in the arm, information only previously available using invasive cardiac catheterisation. The Uscom BP+ replaces conventional and more widespread sub-systolic blood pressure monitors, and is the emerging standard of care measurement in hypertension, heart failure and vascular health. The Uscom BP+ provides a highly accurate and repeatable measurement of central and brachial blood pressure and pulse pressure waveforms using a familiar upper arm cuff. The BP+ is simple to use and requires no complex training with applications in hypertension and pre-eclampsia, heart failure, intensive care, general practice and home care. The Uscom BP+ is supported by the proprietary BP+ Reporter , an innovative stand alone software solution that provides a digital platform to archive patient examinations and images, trend measure progress over time, analyse pulse pressure waves and generate summary reports.

Uscom SpiroSonic digital multi-path ultrasonic spirometers : High fidelity, digital, pulmonary function testing devices based on multi path ultrasound technology. They require no calibration, are simple to disinfect, and are simple and accurate to use providing research quality pulmonary function testing in small hand held devices that can be used in research, clinical and home care environments. The devices can be coupled with mobile phone apps and proprietary SpiroSonic software, SpiroReporter , with wireless interfacing to provide remote telemonitoring of pulmonary disease. The devices are specialised for assessment of COPD, sleep disordered breathing, asthma, occupational lung disease and monitoring of pulmonary therapeutic compliance.

For more information, please visit: www.uscom.com.au

Uscom Contacts Rob Phillips Chairman rob@uscom.com.au

Brett Crowley Company Secretary

This announcement is approved for release to the ASX by the Board of Uscom Limited.

Uscom Limited (ABN 35 091 028 090) Suite 2, Level 8, 66 Clarence Street, Sydney, NSW, 2000, Australia T: +612 9247 4144 E: info@uscom.com.au W: www.uscom.com.au

Rule 4.7B

Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

USCOM LIMITED

ABN		Quarter ended (“current	quarter”)
35 091 028 090		30 September 2025
Consolidated statement of cash flows		Current quarter	Year to date
		$A’000	(3 months)
			$A’000
1.	Cash flows from operating activities
1.1	Receipts from customers	505	505
1.2	Payments for
	(a) research and development	(3)	(3)
	(b) product manufacturing and operating	(225)	(225)
	costs
	(c) advertising and marketing	(50)	(50)
	(d) leased assets
	(e) staff costs	(878)	(878)
	(f) administration and corporate costs	(225)	(225)
1.3	Dividends received (see note 3)
1.4	Interest received	3	3
1.5	Interest and other costs of finance paid	(21)	(21)
1.6	Income taxes paid
1.7	Government grants and tax incentives
1.8	Other (provide details if material)
1.9	Net cash from / (used in) operating	(894)	(894)
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a) entities
	(b) businesses
	(c) property, plant and equipment
	(d) investments
	(e) intellectual property	(3)	(3)
	(f) other non-current assets

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(3 months)
			$A’000
2.2	Proceeds from disposal of:
	(a) entities
	(b) businesses
	(c) property, plant and equipment
	(d) investments
	(e) intellectual property
	(f) other non-current assets
2.3	Cash flows from loans to other entities
2.4	Dividends received (see note 3)
2.5	Other (provide details if material)
2.6	Net cash from / (used in) investing	(3)	(3)
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities
	(excluding convertible debt securities)
3.2	Proceeds from issue of convertible debt
	securities
3.3	Proceeds from exercise of options
3.4	Transaction costs related to issues of	(2)	(2)
	equity securities or convertible debt
	securities
3.5	Proceeds from borrowings	700	700
3.6	Repayment of borrowings
3.7	Transaction costs related to loans and
	borrowings
3.8	Dividends paid
3.9	Other (Repayment of lease liability)	(79)	(79)
3.10	Net cash from / (used in) financing	619	619
	activities
4.	Net increase / (decrease) in cash and
	cash equivalents for the period
4.1	Cash and cash equivalents at beginning of
	period	967	967
4.2	Net cash from / (used in) operating	(894)	(894)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(3)	(3)
	(item 2.6 above)

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Consolidated statement of cash flows	Current quarter	Year to date
		$A’000	(3 months)
			$A’000
4.4	Net cash from / (used in) financing activities	619	619
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	17	17
	cash held
4.6	Cash and cash equivalents at end of	706	706
	period
5.	Reconciliation of cash and cash	Current quarter	Previous quarter
	equivalents	$A’000	$A’000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	706	706
5.2	Call deposits
5.3	Bank overdrafts
5.4	Other (term deposits)	0	0
5.5	Cash and cash equivalents at end of	706	706
	quarter (should equal item 4.6 above)
6.	Payments to related parties of the entity and their		Current quarter
	associates		$A'000
6.1	Aggregate amount of payments to related parties and their		114
	associates included in item 1
6.2	Aggregate amount of payments to related parties and their
	associates included in item 2
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly		activity report must include a	description of, and an
explanation for, such payments.

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

7.	Financing facilities Total facility Amount drawn at
	Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. amount at quarter end $A’000 quarter end $A’000
7.1	Loan facilities 3,024 2,274
7.2	Credit standby arrangements
7.3	Other (please specify)
7.4	Total financing facilities 3,024 2,274
7.5	Unused financing facilities available at quarter end 750
7.6	Include in the box below a description of each facility above, including the lender, interest
	rate, maturity date and whether it is secured or unsecured. If any additional financing
	facilities have been entered into or are proposed to be entered into after quarter end,
	include a note providing details of those facilities as well.
	A) In December 2024, Loan of $1.024 million. Lender is Uscom’s executive Chairman,
	Assoc. Prof. Phillips. The loan is made at an interest rate of 8% per annum payable
	monthly and is repayable upon seven days’ notice. The loan is unsecured.
	B) In June 2025, Loan of $1million. Lender is Uscom’s executive Chairman, Assoc. Prof.
	Phillips. The loan is made at an interest rate of 15% per annum payable monthly and is
	repayable upon seven days’ notice. The loan is unsecured. The amount drawdown as
	at 30 September 2025 is $250k.
	C) In June 2025, Loan of $1million. Lender is an unrelated entity (Jetan Pty Ltd). The loan
	is made at an interest rate of 15% per annum payable monthly and is repayable upon
	seven days’ notice. The loan is unsecured. The amount drawdown as at 30 September
	2025 is $1million.

8.	Estimated cash available for future operating activities	$A’000
8.1	Net cash from / (used in) operating activities (item 1.9)	(894)
8.2	Cash and cash equivalents at quarter end (item 4.6)	706
8.3	Unused finance facilities available at quarter end (item 7.5)	750
8.4	Total available funding (item 8.2 + item 8.3)	1,456
8.5	Estimated quarters of funding available (item 8.4 divided by item 8.1)	1.6
	Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a
	figure for the estimated quarters of funding available must be included in item 8.5.

• 8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

• 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer: No. The company has agreed, subject to shareholder approval, to sell its main undertaking. If shareholder approval is obtained at the general meeting on 11 November 2025, it is expected that the sale of the main undertaking will be completed by 25 November 2025. On disposal of the business, the company’s cash outflows will be limited to administrative expenses including share registry fees, audit fees and ASX fees.

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B

• 8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer: No

8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: After settlement of the sale of the main undertaking, the company will have cash of $200,000 and limited expenses as set out in paragraph 8.6.1 above.

Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

Compliance statement

• 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

• 2 This statement gives a true and fair view of the matters disclosed.

Date: 31 October 2025

Authorised by: The Board

(Name of body or officer authorising release – see note 4)

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.

2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [ name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.

5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations , the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 4C (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms.

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