Announcement PDF ASX:BST 4 Sept 2026 COMPANY UPDATE ASX Listing, Global Expansion, Record Revenue DISCLAIMER 02 ASX:BST This presentation has been prepared by Boresight Ltd (Company) and contains background information about the Company’s current situation at the date of this presentation. This presentation should be read in conjunction with the Company’s replacement prospectus dated 23 April 2026 (Prospectus) and other periodic and continuous disclosure announcements. The presentation is in summary form and does not purport to be all inclusive or complete. This presentation is for general information purposes only. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation. 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Who we are and what we do 03 We make drones designed to be shot down • Founded in 2020, Canberra • Integrated aerial target drone ecosystem: Target drones, mission planning software and Ground Control System • Realistic, repeatable, cost-effective training and testing for counter-drone (C-UAS) • Quadrotor and fixed wing platforms • Servicing government, major military and industry • Teams in Australia, USA, and Europe ASX:BST FY26 at a Glance 04 ASX:BST 7 Global growth with first orders delivered to 7 new international customers1 A$8.0M Successful ASX debut2 A$8.0m raised at 20 cents/share 46% Revenue up 46% to A$6.38m1 (FY25: A$4.36m) 5000 Delivered the 5000th BQ-400 drone3 $0 Debt Closed year with A$7.88m cash, no debt1 1. ASX 28.08.26 FY26 Appendix 4E and Annual Report. 2, ASX 9.06.26 Boresight ASX Listing Debut. 3, ASX 6.07.26 New Boresight Drone boosts speed, endurance, capability. Financial Performance Overview1 05 ASX:BST 1. REVENUE • A$6.38m UP 46% year on year 2. THREE-YEAR REVENUE • Compound annual growth rate of ~81% (from A$1.08m in FY23) 3. GROSS PROFIT • A$3.15m 4. NET LOSS AFTER TAX • A$6.66m including A$3.60m non-cash share-based payments and underlying operational loss • A$3.06m reflecting deliberate growth investment 1. ASX 28.08.26 FY26 Appendix 4E and Annual Report 06 ASX:BST Balance Sheet Strength Net assets A$7.82m: up from A$0.47m in FY25 A$7.88m Cash and cash equivalents, no debt Working capital of A$7.38m (FY25: A$0.03m) Cash increased by A$7.31m over the year, largely IPO proceeds Well-positioned to fund FY27 growth plans 1. ASX 28.08.26 FY26 Appendix 4E and Annual Report. A Landmark ASX Listing 07 Commenced trading on ASX 10.06.261 A$8.0 million raised (before costs) at 20 cents per share1 Strong support from institutional and sophisticated investors Marks transition from private defence tech business to public company Capital earmarked for manufacturing scale-up, R&D and global expansion ASX:BST 1, ASX 9.06.26 Boresight ASX Listing Debut 08 ASX:BST Australian Defence Force (ADF) Partnership ADF-Funded capability uplift program for the BS-350 ISR drone (night vision, ruggedisation, improved UI) Target drone supply into the multi-year LAND 156 counter-drone program New 12-month contract to supply BQ-400 target drones to ADF units Continued delivery under the Sovereign UAS Program Positions Boresight as a trusted, repeat ADF supplier 1. ASX 28.08.26 FY26 Appendix 4E and Annual Report. United States: Scaling Up 09 18-month US contract awarded for 600 BQ-400 target drones1 US revenue grew to A$2.2m (FY26) from A$1.6m (FY25)1 Now supplies target drones to all major arms of the US Department of War New ~812 sqm Huntsville, Alabama facility leased , ~15x current size2 New facility capable of producing 5,000+ drones annually once operational ASX:BST 1. ASX 28.08.26 FY26 Appendix 4E and Annual Report. 2 ASX 20.07.26 Boresight leases new facility to scale US Manufacturing 10 ASX:BST Rest of World Expansion Boresight UK Ltd commenced operation to drive European growth First orders delivered to new customers in the UK, Germany, Norway, Italy and Sweden Appointment of an Italian reseller Supported multinational CUAS threat-emulation exercise in Switzerland New customer wins also secured in Canada, alongside continued Australian and US demand Boresight has also made sales into Singapore, Finland, Spain, the UAE and The Netherlands 1. ASX 28.08.26 FY26 Appendix 4E and Annual Report. Manufacturing and Product Milestones 11 5,000th BQ-400 target drone delivered; 6,000th manufactured in August 20261 BQ-750 Block 2 (larger multirotor target) released, with customer sales already made1 BF-100 fixed-wing target on track for release this year1 Investment in additive manufacturing (3D printing) to lift production scale Progressing Defence Industry Security Program (DISP) accreditation ASX:BST BQ-400 Quadcopter BQ-750 Quadcopter BS-350 Quadcopter Ground Control System 1. ASX 20.07.26 Boresight leases new facility to scale US Manufacturing 12 ASX:BST Technology Edge: One-to-many Ground Control CASA certification to fly up to 20 target drones simultaneously for customers Certification for up to 100 simultaneous drones for internal testing and development Enables realistic drone "swarm" threat emulation for military training Single ground control station manages multiple concurrent targets Differentiates Boresight in the growing CUAS training market Building the Moat 13 Sovereign design and manufacturing Our proprietary GCS and technology enabling swarming Ability to quickly establish manufacturing at scale in other near-to-customer locations Additional target types being developed for complete threat scenario emulation Developing long-term contracts with militaries and industry ASX:BST 14 ASX:BST Global and BST Outlook Global Government budgets for C-UAS are increasing • USA US$21B requested for C-UAS in the 2027 Budget1 • NATO US$40B in C-UAS over next five years2 • UK 790M GBP for air drone and missile defence3 • AUS A$7B for C-UAS over next ten years4 BST • Growing base of repeat defence and industry customers across multiple geographies • FY27 to remain a year of strategic investment: manufacturing capacity, R&D, market expansion • Low-cost attritable targets increasingly core to global military training infrastructure 1. U.S. Department of War, FY 2027 Budget Request Overview Book, Office of the Under Secretary of War . 2 NATO, "NATO's Drone Edge," Official Text, 7 July 2026 (nato.int). 3, UK Government, "£15 billion new funding boost to transform Armed Forces and keep the UK safe," Ministry of Defence, 30 June 2026 (gov.uk), 4, Australian Government, Minister for Defence, "Albanese Government to invest up to $7 billion in counter drone defence," Media Release, 21 April 2026 Why Boresight 15 Proven, high-growth revenue trajectory (~81% three-year CAGR) Strengthened, debt-free balance sheet post-IPO Deep, expanding relationships with US Department of War and ADF Scalable global manufacturing footprint Clear runway: expanding pipeline in a structurally growing defence market ASX:BST 16 ASX:BST Leadership Team Dr Andrew Windsor Non-Executive Chairman Blake Burton Non-Executive Director WE KNOW DEFENCE | WE KNOW DRONES | WE KNOW BUSINESS BACKED BY DEFENCE EXPERTS Justin Olde Managing Director and CEO Michael Sinkowitsch Executive Director WE MAKE DRONES DESIGNED TO BE SHOT DOWN ASX:BST Justin Olde – MD j.olde@boresightuas.com EVERY SOLDIER MUST TRAIN TO SHOOT DOWN A DRONE