ZIMI LIMITED — Capital/Financing Update 2026

Feb 18, 2026

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ASX RELEASE – 19 FEBRUARY 2026

Zimi secures Major Smart Apartment project with Homecorp.

Key Highlights

• Product order received for $499,004 (inc GST) for Homecorp project plus a services engagement of $47,685 (inc GST) for project commissioning setup.

• Founded in 2004 by CEO and Founder Ron Bakir, Homecorp is a leading Australian developer and community creator with over 20 years of experience delivering homes across Australia, developing inspiring comm unities of the future where people belong.

• Zimi’s smart home devices will be installed as standard in 289 apartments in the Cienna Varsity Ridge development on the Gold Coast, Australia.

• Strengthens Zimi’s position as a smart home technology increasingly becomes standard in modern residential buildings.

Zimi Limited ( ASX: ZMM ) (“ Zimi ” or “the Company ”) is pleased to announce it has received a purchase order valued at $499,004 (inc GST) from its distributor Trader[1] , for the supply of Zimi's smart home products to one of Homecorp Group's (" Homecorp ") residential apartment projects on the Gold Coast. The order will be supplied over CY2026, or as construction progress determines. In addition, Homecorp has engaged Zimi for services valued at $47,685 (inc GST) to commission the project.

Homecorp is a leading Australian developer and community creator, founded in 2004 by CEO and Founder Ron Bakir. Homecorp has successfully delivered a multi-billion-dollar project portfolio across Australia, from Queensland’s Capricorn Coast to South Australia and Victoria. The company’s diverse portfolio includes house and land estates as well as mid- to high-rise developments, dedicated to shaping communities and enhancing the standard of living across the nation, adding value to people’s lives with a commitment to quality and innovation.

The initial deployment will be at Stage Two of Homecorp's Cienna Varsity Ridge development in Varsity Lakes, Gold Coast, where Zimi smart switches will be installed as standard in 289 apartments. Situated within Varsity Lakes, one of Queensland’s fastest-growing lifestyle precincts, shopping and dining are just minutes away, while the Gold Coast’s renowned beaches and iconic hinterland are within easy reach. At their doorstep, residents will enjoy a range of premium amenities including a resort-style pool and spa, a modern fitness centre and a private rooftop BBQ oasis.

1 At the General Meeting held 28 April 2025, Shareholders approved the sale of electrical products by the Company's subsidiary Zimi Innovations Pty Ltd to GSM Electrical (Australia) Pty Ltd ('Trader'), a Related Party of the Company, of up to $6m for the two years commencing 28 April 2025 ( Distribution Agreement ). Sales arising from the purchase order referred to in this ASX announcement are pursuant to the Distribution Agreement.

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Tech giants like Google, Apple, Amazon and Samsung have created consumer demand for smart home control through smartphones and smart devices. Zimi supplies smart switches in place of standard switches, making this dream a simple reality—electricians can install them with no extra cabling or complication. Residents can control their home through their smartphone, smartwatch, or other device, using their smart home platform of choice such as Amazon Alexa, Google Assistant, Apple Home or Samsung SmartThings.

Owned by Prime Life Technologies, a Toyota and Panasonic company, Homecorp is shaping future-focused communities through forward-thinking design, smart technologies and innovative solutions that add lasting value. With the integration of smart-home technology such as Zimi, Homecorp delivers connected and seamless living experiences that enhance lifestyle and convenience.

Jordan Tentori, CEO, commented:

"This project with Homecorp is testament that smart homes are fast becoming commonplace in modern residential construction. Smart home technology is now mainstream, led by tech giants Google, Apple, Amazon and Samsung. Home automation used to be expensive and complicated, but we're now seeing large-scale adoption of simple solutions that add significant value for residents and developers alike. We're proud to partner with Homecorp to deliver apartments with our smart home technology as a standard inclusion. Zimi is providing simple and affordable smart homes by simply replacing standard switches with Zimi’s smarter switches. This is becoming the new standard with more projects being adopted every day."

As smart home technology becomes increasingly standard in residential construction, Zimi is well placed to capitalise on the growing demand. The Company will continue to pursue opportunities to deploy its smarter devices in project developments and smart city initiatives.

- Ends -

This release has been approved by the Board.

Further information:

Jordan Tentori | CEO | jordan@zimi.life

Duncan Gordon | Executive Director, Cerberus Advisory duncan@cerberusadvisory.com.au | +61 404 006 444

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About Zimi

Zimi Limited ( ASX: ZMM ) is an Australian technology company focused on creating smarter living and working environments by connecting everyday electrical products to the Internet and to each other. The company's product lines, including Powermesh and Senoa, feature smarter switches, light dimmers, power points, fan controllers, and garage door controllers, and smarter safety devices that enable smarter products to create smarter homes as market demand for smart home technology continues to increase.

The company develops in the smart home space and works with the smart home ecosystems of tech giants who are driving Matter, the new global standard to simplify smart home connectivity.

Operating across a multi-billion-dollar opportunity within the Australian market alone, the company reaches customers through leading wholesale, commercial, retail, and trade channels, with partners such as Trader, Steel-Line, Beacon Lighting, Lighting Illusions and Zencontrol.

The company continues to expand its product offerings into new sectors with compatibility with the smart ecosystems of the tech giants. Global expansion opportunities represent future potential for the company. As the Internet of Things (IoT) in the home continues to grow, Zimi is well-positioned for the vast opportunities this rapidly evolving market presents.

To learn more, please visit: www.zimi.life