Announcement PDF ASX: BEO | 29 October 2026 Beonic Vision launched in the UK, South Africa, USA and Australia Continued: EBITDA profitability, gross margin improvement, strong renewals ahead of target Q1 FY27 Highlights Launch of Vision - Beonic's Next Growth Engine: Vision was conceived late last year, built entirely in-house, and first demonstrated publicly at Passenger Terminal Expo in London in March 2026. Since then we have: ●​ Launched Vision commercially in April, to paying customers in UK, South Africa, USA and Australia, signing our first paying Vision customer in June 2026; ●​ Validated deployment on low-cost compute, removing a server supply constraint and lowering the cost to deploy; ●​ Connected Vision at a top-ten US airport, our first airport deployment on the new home-grown Vision stack using the customer's existing CCTV system, a further dramatic reduction in the cost of adoption; ●​ Matched point-of-sale transactions precisely in retail proof of concept and delivered checkout abandonment and staffing insights that clients are reviewing for expansion; in addition, ●​ Embarked upon a 250-camera evaluation with a major US transport authority. Moroccan Airports Project Update: ●​ The Moroccan Airports deployment is live at five of seven airports, with the remaining two regional airports progressing through user acceptance testing at the end of the first quarter. Remaining delivery is expected during Q2 FY27, after which the contract will progress to its full operating revenue contribution. Key Financial Metrics: ●​ Total Revenue: Total Revenue for the quarter was $5.6m (-10.7% vs PCP1 of $6.3m). The negative variance vs PCP was driven entirely by YTD Non-Recurring Revenue of $1.3m (-37.9% vs PCP of $2.0m). The PCP included delivery of the first tranche of the Moroccan airports contract; as noted above, delivery of the remaining Moroccan airports is expected in Q2 FY27, and the Company expects the FY27 Non-Recurring Revenue variance to narrow as these milestones are delivered. ●​ Gross Margin Expansion: YTD Gross Margins demonstrated continued improvement to 83.0%2 , compared to 78.4% in FY26. This sustained improvement underscores our focus on high-quality revenue and operational efficiency. ●​ Operating Profitability (EBITDA): The Company achieved margin expansion, with EBITDA reaching $853k3 (15.1% margin). Recurring Revenue and ARR: ●​ Quarterly Recurring Revenue was $4.4m (+2.3% vs PCP) with ARR4 at $17.3m (+1.8% vs PCP), performance that continues to be significantly impacted by the strengthening AUD against the USD, GBP, EUR, and NZD. Since the conflict with Iran began in late February 2026, customers with billing based in foreign currencies (e.g., USD, GBP, EUR, NZD, BRL and AED) have depreciated against the AUD by between ~5% and 10%. On a constant currency basis (at PCP rates), exiting Q1 FY27 ARR was $17.9m. Contract Wins: ●​ During Q1 FY27, Beonic secured $0.5m in contract wins and expansions across 16 customers, including three major international airports, a capital city council, a US automotive brand and 11 retail and property groups in APAC. 4 Annual Recurring Revenue (ARR) based on monthly contracted recurring revenue as at 30 September 2026, multiplied by twelve months. 3 EBITDA and EBITDA Margin % are unaudited for FY27. 2 Gross Margin % is unaudited for FY27. 1 Previous Comparable Period (PCP) is 30 September 2026 for the month end, Q1 FY26 for the quarter and FY26 for the fiscal year. 1 ASX: BEO | 29 October 2026 Key Renewals: ●​ During Q1 FY27, Beonic secured $3.5m in renewals across 18 customers, including five international airports in the USA, Middle East and New Zealand, and 13 retail, property and enterprise customers across APAC, EMEA and the USA. FY27 Business Priorities ●​ Continue building on our solutions such as Beonic Vision, which utilises existing camera networks to process video streams to generate flow analytics and visitor detections without compromising on visitor privacy. Vision offers powerful analytics and cost scalability, enabling larger venues like airports and malls to capture end-to-end visitor journeys and address critical blind spots. Vision builds on Beonic’s 15 years’ experience in computer vision solutions and has started deploying to customers in retail and airports. ●​ FY27 priorities focus on sustainable growth and market expansion: Grow top line revenue through conversion of our $33m qualified pipeline and identification of new pipeline opportunities. ●​ Strengthen Beonic's position as a global leader in Airport and retail IoT solutions, including in particular at the Denver Int’l Airport and across Morocco’s airports. ●​ Ongoing financial stability through disciplined cost management and operational efficiency. ●​ Enhance product adoption by driving customer success initiatives and continued R&D investment to ensure a strong competitive advantage. ●​ Deliver key projects and minimise churn through a focus on customer satisfaction, agility and operational excellence. ●​ Maintain lean cost structure while scaling revenue operations. Commenting on the September 2026 Quarter, Beonic CEO, Billy Tucker said: “Q1 FY27 was another quarter of profitable operations and margin expansion. We delivered EBITDA of $0.9 million at a 15.1% margin, and gross margin increased to 83.0%, up from 78.2% in Q1 FY26, reflecting a higher-quality revenue mix and lower delivery costs. Total revenue of $5.6 million was below the prior comparable quarter, which included a larger contribution from one-off project work, while recurring revenue grew 2.3% to $4.4 million and now represents 78% of total revenue. Customer retention remained strong, with $3.5 million in renewals secured across our airport, retail and property customers. We exited the quarter with ARR of $17.3 million, up 1.8% on the prior year despite ongoing currency headwinds; on a constant-currency basis, exit ARR was $17.9 million. New business conversion was slower than we expected, with several projects moving into Q2, including the final two Moroccan airports, which are now in user acceptance testing. The commercial launch of Beonic Vision is the most significant step in our product roadmap. Built in-house and running on low-cost edge hardware using customers’ existing CCTV networks, Vision is now available to customers in Australia, South Africa, the USA and the UK, is connected at a top-ten US airport, and is in a 250-camera evaluation with a major US transport authority. It lowers our cost to deploy and broadens the opportunity across airports, retail and transport. Operating cash outflow for the quarter was $1.0 million, driven by the timing of customer collections and one-off costs associated with leadership changes, and we closed the quarter with $1.6 million in cash. September was cash flow positive, and converting receivables is our immediate priority in Q2, including a major Middle East airport renewal signed during the quarter which was received in October 2026." 2 ASX: BEO | 29 October 2026 Key contract wins during the quarter Beonic secured $0.5m in new contract wins and expansions and $3.5m in key renewals, with strong momentum across its aviation, retail and infrastructure segments, including: Contract wins ($0.5m) ●​ United States: Continued expansion across the US aviation and enterprise sectors: ○​ A US large-hub airport: Hardware upgrades. ○​ A second US large-hub airport: Continued proof-of-concept delivery. ○​ A US automotive brand: Continued roll out and expansion of people-counting analytics across a national portfolio of flagship stores and hubs. ●​ Asia-Pacific (APAC): The region delivered the highest volume of activity, led by property and retail: ○​ A European capital city airport: Awarded Proof of Value for security area. ○​ City of Melbourne: Hardware upgrades. ○​ Further expansions and upsells across a blue-chip retail and property portfolio including: a listed convenience property owner, a capital city council, an Australian real estate fund manager, a national value apparel retailer, a global sportswear brand, an international off-price retailer and a national specialty retailer. Key renewals ($3.5m) ●​ United States: Continuous retention across the aviation base: ○​ A US large-hub airport, the largest US renewal of the quarter, along with continued airport platform renewals with A major Midwest US hub and One of the fastest-growing US airports. ●​ Asia-Pacific (APAC): Maintained strong retention across property, retail and aviation: ○​ Renewal with An ASX-listed diversified property group for People Counting and WiFi. ○​ An Australasian airport customer – Renewed managed Passenger Flow services and support. ○​ Continued renewals with retail clients including: Central Park Mall, One NZ, Greensborough Plaza, Best and Less, Westfield Doncaster, Westfield Sydney and Carriageworks. ●​ Europe, Middle East, and Africa (EMEA): Retained key accounts across the region: ○​ Renewed with A Gulf international hub airport. ○​ A Middle East retail and leisure group - WiFi Renewal. ○​ A European designer outlet group. ○​ 3 year renewal of a landmark mixed-use precinct in South Africa. 3 ASX: BEO | 29 October 2026 Net Cash Flow Cash Flow: The Company reported operating cash outflow of $987k for Q1, which included on-time payments of $160k. Additionally, when including cash outflow from investing activities of $727k, combined total cash outflow was $1.7m for Q1. In accordance with AASB 138, R&D costs are recognized under investing activities (Section 2.1(e) of the Appendix 4C), and represent our continued investment in product development; therefore, our cash outflow from operating activities was $987k for Q1 FY27 (Section 1.9 of the Appendix 4C). Corporate Director Fees: As noted in Section 6 of the Appendix 4C, the Directors' fees stated were made to the Directors of the entity during the quarter, consisting of salaries and fees for Executive and Non-Executive Directors, respectively. No other payments were made to any related parties or their associates of the entity. 4 ASX: BEO | 29 October 2026 Forward-Looking Statements This announcement contains forward-looking statements, which address a variety of subjects including, development plans and potential acquisitions. Statements that are not historical facts, including statements about the Company’s beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and information currently available to management and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The Company's management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the ASX Listing Rules. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results, events, and developments to differ materially from our historical experience and our present expectations. About Beonic Beonic is an AI-powered SaaS platform for intelligent places. We unify data from WiFi, people-counters, LiDAR, CCTV and other IoT devices on a proprietary platform, augmented by data and marketing services, to deliver operational insight to airports, retail, stadiums, smart cities and large public venues globally. ​ ​ ​ ​ ​ ​ ​ ​ ​ This announcement has been approved by Beonic Limited’s Board. Learn more at www.beonic.com or follow Beonic updates at https://au.linkedin.com/company/beonic Media Billy Tucker Chief Executive Officer P: +61 2 8188 1188 E: billy.tucker@beonic.com Investors Michael Pearce Chief Financial Officer Company Secretary P: +61 2 8188 1188 E: michael.pearce@beonic.com 5 ASX: BEO | 29 October 2026 Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Name of entity BEONIC LIMITED ABN Quarter ended (“current quarter”) 20 009 264 699 30 SEPTEMBER 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 1. Cash flows from operating activities 1.1 Receipts from customers 4,418 4,418 1.2 Payments for (a) research and development (128) (128) (b) product manufacturing and operating costs (1,988) (1,988) (c) advertising and marketing (233) (233) (d) leased assets - - (e) staff costs (2,388) (2,388) (f) administration and corporate costs (511) (511) 1.3 Dividends received (see note 3) - - 1.4 Interest received 7 7 1.5 Interest and other costs of finance paid (106) (106) 1.6 Income taxes paid (58) (58) 1.7 Government grants and tax incentives - - 1.8 Other (provide details if material) - - 1.9 Net cash from / (used in) operating activities (987) (987) 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 (723) (723) (f) other non-current assets (5) (5) 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 activities (728) (728) 6 ASX: BEO | 29 October 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 683 683 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - - 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (provide details if material) - - 3.10 Net cash from / (used in) financing activities 683 683 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 2,671 2,671 4.2 Net cash from / (used in) operating activities (item 1.9 above) (987) (987) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (728) (728) 4.4 Net cash from / (used in) financing activities (item 3.10 above) 683 683 4.5 Effect of movement in exchange rates on cash held (6) (6) 4.6 Cash and cash equivalents at end of period 1,633 1,633 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 1,633 2,671 5.2 Call deposits - - 5.3 Bank overdrafts - - 5.4 Other (provide details) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 1,633 2,671 6. Payments to related parties of the entity and their associates Current quarter $A’000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 172 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. 7 ASX: BEO | 29 October 2026 7. Financing facilities Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 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. 7.1 Loan facilities 5,692 5,692 7.2 Credit standby arrangements - - 7.3 Other (please specify) - - 7.4 Total financing facilities 5,692 5,692 7.5 Unused financing facilities available at quarter end - - 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. 7.1 As announced on 12 and 21 August 2025, the Company has entered into subscription agreements (Note Agreements) for the issue of unsecured notes to raise a total of AUD $4,270,000. The Convertible Notes shall be converted or redeemed by the Company on the date that is 24 months following the Subscription Date (or such later date as agreed between the Parties). Under AASB 132, the convertible notes are treated as compound financial instruments, with $0.3m of the $4.27m reallocated to equity within the share options reserve as at 30 September 2026. During Q3 FY26, the Company put in place a short-term loan facility provided by two Directors and one Executive to provide a prudent capital buffer to manage working capital in the amount of ~AUD $1,025,000. The loan facility carries an annual interest rate of 15% and was scheduled to mature on 29 June 2026. During Q4 FY26, the Company expanded this short-term facility with one Director by AUD $400,000 and extended the remaining loan facilities’ maturity dates to 31 December 2026 (per Section 6.4.3 of the Entitlement Issue Prospectus released on 28 May 2026). The Company may elect to repay these ~AUD $1.4m in loans earlier than the maturity date of 31 December 2026. 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (987) 8.2 Cash and cash equivalents at quarter end (item 4.6) 1,633 8.3 Unused finance facilities available at quarter end (item 7.5) - 8.4 Total available funding (item 8.2 + item 8.3) 1,633 8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1) 1.7 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: Yes. 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. See 8.6.3 below. 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: Yes. We have material billings in 1H FY27, including Abu Dhabi Airport and Morocco. We expect to begin collecting these customer remittances in Q2 FY27 and anticipate these to be sufficient to fund operations for FY27. 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. 8 ASX: BEO | 29 October 2026 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: ​ 29 October 2026 Authorised by: ​ The Board of Beonic Limited 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. 9