Announcement PDF Adisyn Ltd and its controlled entities Appendix 4E Preliminary final report 1. Company details Name of entity: ABN: Reporting period: Previous period: Adisyn Ltd 30 155 473 304 For the year ended 30 June 2025 For the year ended 30 June 2024 2. Results for announcement to the market 30 June 2025 $ 30 June 2024 $ Change $ Change % Revenues from continuing ordinary activities 3,274,358 5,495,434 (2,221,076) (40%) Loss from continuing ordinary activities after tax attributable to the owners of Adisyn Ltd (6,427,992) (1,427,677) 5,000,315 350% Dividends There were no dividends paid, recommended or declared during the current financial period. 3. Net tangible assets Reporting period Cents Net tangible assets per ordinary security Previous period Cents 1.25 0.57 4. Control gained over entity Name of entities (or group of entities) 2D Generation Ltd Date control gained 9 January 2025 $ Contribution of 2DG Generation Ltd to the reporting entity's (loss) from ordinary activities before income tax during the period 5. Loss of control over entities Not applicable. 6. Dividends Current period There were no dividends paid, recommended or declared during the current financial period. Previous period There were no dividends paid, recommended or declared during the previous financial period. (1,400,001) Adisyn Ltd and its controlled entities Appendix 4E Preliminary final report 7. Audit qualification or review The financial statements are in the process of being audited. Audited financial statements will be released in September 2025. 8. Attachments The Preliminary Report of Adisyn Ltd for the year ended 30 June 2025 is attached. 9. Signed Signed ___________________________ Blake Burton Managing Director Date: 29 August 2025 Adisyn Ltd and its controlled entities ABN 30 155 473 304 Preliminary Financial Report - 30 June 2025 Adisyn Ltd and its controlled entities Preliminary Consolidated statement of profit or loss and other comprehensive income For the year ended 30 June 2025 Note 30 June 2025 $ 30 June 2024 $ 3,274,358 5,495,434 336,563 1,534,328 Expenses Cost of goods sold Selling and distribution expenses Administrative expenses Impairment of assets Share-based payments Other operating expenses Research and development expenses Finance costs (1,632,869) (283,818) (1,355,524) (2,045,064) (3,586,977) (1,026,953) (107,708) (2,288,104) (93,319) (750,164) (773,121) (95,771) (4,116,379) (340,581) Loss before income tax expense from continuing operations (6,427,992) (1,427,677) - - Loss after income tax expense from continuing operations (6,427,992) (1,427,677) Loss after income tax expense from discontinued operations (2,870,607) (270,818) Loss after income tax expense for the year attributable to the owners of Adisyn Ltd (9,298,599) (1,698,495) Items that may be reclassified subsequently to profit or loss Foreign currency translation 131,159 (2,590) Other comprehensive income for the year, net of tax 131,159 (2,590) (9,167,440) (1,701,085) (6,296,833) (2,870,607) (9,167,440) (1,430,267) (270,818) (1,701,085) (9,167,440) (1,701,085) Revenue from continuing operations Revenue Other income Income tax expense Other comprehensive income Total comprehensive income for the year attributable to the owners of Adisyn Ltd Total comprehensive income for the year is attributable to: Continuing operations Discontinued operations The above preliminary consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 1 Adisyn Ltd and its controlled entities Preliminary Consolidated statement of profit or loss and other comprehensive income For the year ended 30 June 2025 Cents Cents Earnings per share for loss from continuing operations attributable to the owners of Adisyn Ltd Basic earnings per share Diluted earnings per share (1.35) (1.35) (1.42) (1.42) Earnings per share for loss from discontinued operations attributable to the owners of Adisyn Ltd Basic earnings per share Diluted earnings per share (0.62) (0.62) (0.27) (0.27) Earnings per share for loss attributable to the owners of Adisyn Ltd Basic earnings per share Diluted earnings per share (1.97) (1.97) (1.69) (1.69) The above preliminary consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 2 Adisyn Ltd and its controlled entities Preliminary Consolidated statement of financial position As at 30 June 2025 Note 30 June 2025 $ 30 June 2024 $ Assets of disposal groups classified as held for sale Total current assets 6,959,562 343,033 4,513 86,467 7,393,575 204,102 7,597,677 299,141 741,078 11,860 173,419 1,225,498 1,596,412 2,821,910 Non-current assets Right-of-use assets Property, plant and equipment Intangibles Other assets Total non-current assets 61,500 2,450,261 36,914,461 23,305 39,449,527 1,667,130 936,894 1,179,449 105,600 3,889,073 Total assets 47,047,204 6,710,983 530,144 259,189 86,356 132,899 1,008,588 1,008,588 1,039,069 232,932 732,701 293,117 563,794 113,699 2,975,312 189,785 3,165,097 29,147 68,663 97,810 1,104,455 244,362 49,286 74,311 1,472,414 Total liabilities 1,106,398 4,637,511 Net assets 45,940,806 2,073,472 Equity Issued capital Reserves Accumulated losses 46,730,519 20,478,052 (21,267,765) 11,324,454 2,718,184 (11,969,166) Total equity 45,940,806 2,073,472 Assets Current assets Cash and cash equivalents Trade and other receivables Inventory Other assets Liabilities Current liabilities Trade and other payables Contract liabilities Lease liabilities Other liabilities Borrowings Provisions Liabilities directly associated with assets classified as held for sale Total current liabilities Non-current liabilities Lease liabilities Borrowings Provisions Other liabilities Total non-current liabilities The above preliminary consolidated statement of financial position should be read in conjunction with the accompanying notes 3 Adisyn Ltd and its controlled entities Preliminary Consolidated statement of changes in equity For the year ended 30 June 2025 Share-based payment reserve $ Issued capital $ Balance at 1 July 2023 Translation reserve $ Accumulated losses $ Total equity $ 10,067,297 2,695,875 (8,640) (10,270,671) 2,483,861 Loss after income tax expense for the year Other comprehensive income for the year, net of tax - - - (1,698,495) (1,698,495) - - (2,590) - (2,590) Total comprehensive income for the year - - (2,590) (1,698,495) (1,701,085) 699,167 92,230 33,539 - - 699,167 125,769 289,121 - - - 289,121 176,639 - - - 176,639 11,324,454 2,729,414 (11,230) (11,969,166) 2,073,472 Accumulated losses $ Total equity $ Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs Share-based payments Conversion of convertible notes and interest shares Issue of shares related to business combination Attained acquisition Balance at 30 June 2024 Share-based payment reserve $ Issued capital $ Balance at 1 July 2024 Translation reserve $ 11,324,454 2,729,414 (11,230) (11,969,166) 2,073,472 Loss after income tax expense for the year Other comprehensive income for the year, net of tax - - - (9,298,599) (9,298,599) - - 131,159 - 131,159 Total comprehensive income for the year - - 131,159 (9,298,599) (9,167,440) 10,994,646 896,148 2,619,793 1,148,916 - - 13,614,439 2,045,064 23,100,000 267,146 110,625 37,500 13,860,000 - - - 36,960,000 267,146 110,625 37,500 46,730,519 20,358,123 119,929 (21,267,765) 45,940,806 Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs Share-based payment Issue of shares related to business combination 2DG acquisition Issue of shares to KMP Exercise of options Conversion of performance rights Balance at 30 June 2025 The above preliminary consolidated statement of changes in equity should be read in conjunction with the accompanying notes 4 Adisyn Ltd and its controlled entities Preliminary Consolidated statement of cash flows For the year ended 30 June 2025 30 June 2025 $ 30 June 2024 $ Cash flows from operating activities Receipts from customers (inclusive of GST) Payments to suppliers and employees (inclusive of GST) Receipts from other income Interest and other finance costs paid 4,079,257 (8,290,132) 225,545 (95,581) 5,439,487 (6,996,765) 1,030,171 (222,284) Net cash used in operating activities (4,080,911) (749,391) Cash flows from investing activities Net of cash acquired from business combination Payments for property, plant and equipment Proceeds from disposal of business Proceeds from disposal of property, plant and equipment (402,032) (1,027,980) 310,546 160,496 (51,211) 852,432 (958,970) 801,221 Cash flows from financing activities Proceeds from issue of shares Share issue transaction costs Proceeds from borrowings Repayment of borrowings Repayment of lease liabilities 14,628,625 (1,105,874) (1,448,180) (374,269) 698,000 (10,800) 793,538 (757,713) (1,152,520) Net cash from/(used in) financing activities 11,700,302 (429,495) Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year 6,660,421 299,141 (377,665) 676,806 Cash and cash equivalents at the end of the financial year 6,959,562 299,141 Net cash from/(used in) investing activities The above preliminary consolidated statement of cash flows should be read in conjunction with the accompanying notes 5 Adisyn Ltd and its controlled entities Notes to the preliminary consolidated financial statements 30 June 2025 Note 1. Basis of preparation The financial report is preliminary financial report which: ● has been prepared in accordance with ASX Listing Rule 4.3A. ● has been derived from the unaudited consolidated Annual Report which has been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') and the Corporations Act 2001, as appropriate for for-profit oriented entities. These financial statements also comply with International Financial Reporting Standards as issued by the International Accounting Standards Board ('IASB'). ● has been prepared on historical basis, unless otherwise stated. ● is presented with values rounded to the nearest dollars in accordance with ASIC Legislative Instrument 2016/191, unless otherwise stated. ● is presented in Australian dollars, which is the functional currency of the Group. The Group has a subsidiary operating in United Kingdom. ● adopts all new and amended Accounting Standards and Interpretations issued by the AASB that are relevant to the Group and effective for reporting periods starting on or before 1 July 2023. ● does not early adopt any new Accounting Standards and Interpretations that have been issued or amended but are not yet effective, unless otherwise stated. The Preliminary Financial Report does not include all the disclosures of the type normally included in the Annual Report. Accordingly, the unaudited Preliminary Financial Report should be read in combination with the Annual Report for the year ended 30 June 2024 and any public announcements issued by the Company in accordance with the continuous disclosure requirements of the Corporations Act 2001. Historical cost convention The financial statements have been prepared under the historical cost convention, except for, where applicable, the revaluation of financial assets and liabilities at fair value through profit or loss, financial assets at fair value through other comprehensive income, investment properties, certain classes of property, plant and equipment and derivative financial instruments. Critical accounting estimates The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2. 6 Adisyn Ltd and its controlled entities Notes to the preliminary consolidated financial statements 30 June 2025 Note 1. Basis of preparation (continued) The un-audited Preliminary Financial Report has been prepared on the going concern basis, which contemplates continuity of normal business activities and the realisation of assets and discharge of liabilities in the normal course of business. As disclosed in the financial statements, the Group incurred a loss of $9,298,599 (Company 30 June 2024: $1,698,495) and had net cash outflows from operating of $4,080,911 (Company 30 June 2024: $749,391) and investing activities outflow of $958,970 (Company 30 June 2024: inflow $801,221) respectively for the year ended 30 June 2025. As at that date, the Group had net assets of $45,940,806 (Company 30 June 2024: $2,073,472). The ability of the Group to continue as a going concern is principally dependent upon the ability of the Group to secure funds by raising additional capital from equity markets and managing cash flows in line with available funds. The Group has the ability to reduce forecast expenditure if required and it is anticipated that additional capital can be raised in the future if required. The financial report has been prepared on a going concern basis which assumes that the Company will continue to pay its debts as and when they fall due. The validity of this assumption depends on: · The Company’s ability to raise additional capital as required; and · The Company’s ability to generate cash flows from the successful operations of its primary activities. Should the Group be unable to maintain sufficient funding as outlined above, there is material uncertainty whether or not the Company will be able to continue as a going concern and therefore, whether it will realise its assets and extinguish its liabilities and commitments in the normal course of business and at the amounts stated in the financial report. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Group not continue as a going concern. The Directors believe that the Group will be successful in the above matters and accordingly, have prepared the preliminary financial report on a going concern basis. At this time, the Directors are of the opinion that no asset is likely to be realised for an amount less than the amount at which it is recorded in the financial report at 30 June 2025. Note 2. Critical accounting judgements, estimates and assumptions The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will seldom equal the related actual results. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities (refer to the respective notes) within the next financial year are discussed below. Share-based payment transactions The Group measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are granted. The fair value is determined by using either the Binomial or Black-Scholes model taking into account the terms and conditions upon which the instruments were granted. The accounting estimates and assumptions relating to equity-settled share-based payments would have no impact on the carrying amounts of assets and liabilities within the next annual reporting period but may impact profit or loss and equity. Allowance for expected credit losses The allowance for expected credit losses assessment requires a degree of estimation and judgement. It is based on the lifetime expected credit loss, grouped based on days overdue, and makes assumptions to allocate an overall expected credit loss rate for each group. These assumptions include recent sales experience and historical collection rates. Goodwill and other indefinite life intangible assets The Group tests annually, or more frequently if events or changes in circumstances indicate impairment, whether goodwill and other indefinite life intangible assets have suffered any impairment, in accordance with the accounting policy stated in . The recoverable amounts of cash-generating units have been determined based on value-in-use calculations. These calculations require the use of assumptions, including estimated discount rates based on the current cost of capital and growth rates of the estimated future cash flows. 7 Adisyn Ltd and its controlled entities Notes to the preliminary consolidated financial statements 30 June 2025 Note 2. Critical accounting judgements, estimates and assumptions (continued) Customer Contracts The customer contracts are acquired in a business combination, estimate their fair value at the acquisition date. The management has involves using valuation techniques such as the income approach, which requires assumptions about discount rates of 21% to amortise the customer contracts over three years. Business combinations As discussed in , business combinations are initially accounted for on a provisional basis. The fair value of assets acquired, liabilities and contingent liabilities assumed are initially estimated by the Group taking into consideration all available information at the reporting date. Fair value adjustments on the finalisation of the business combination accounting are retrospective, where applicable, to the period the combination occurred and may have an impact on the assets and liabilities, depreciation and amortisation reported. Discontinued Operations In preparing the preliminary financial report, management has made several key judgments and estimates regarding the classification and measurement of discontinued operations. These include: Classification as Discontinued Operations: Management determined that the sale of the Miner Hosting Services Business represents a strategic shift that will have a major effect on the company’s operations and financial results. This judgment was based on the division’s contribution to total revenues and assets. Measurement of Assets: The assets were measured at the lower of their carrying amount and fair value less costs to sell. This required significant judgment in estimating the fair value of the division’s assets, including property, plant, and equipment, and intangible assets. Timing of Recognition: The decision to classify the Miner Hosting Services Business as held for sale was made when management committed to a plan to sell the asset, and it was available for immediate sale in its present condition. The sale was expected to be completed within one year from the date of classification. Presentation and Disclosure: The results of the Miner Hosting Services Business division have been presented separately in the income statement as discontinued operations. The major classes of assets and liabilities of the division have been presented separately in the balance sheet. Additional disclosures include the nature of the discontinued operations, the major classes of assets and liabilities, and the financial effects of the disposal. 8