Coda Octopus Group (CODA) investor relations material

Company overview and business model

• Operates through three segments: Marine Technology, Acoustic Sensors and Materials, and Defense Engineering Services.

• Marine Technology focuses on real-time 3D sonar imaging (Echoscope®) and diver augmented vision devices (DAVD) for underwater operations.

• Acoustic Sensors and Materials segment, enhanced by the acquisition of Precision Acoustics Limited, serves medical, subsea, defense, and research markets with accredited calibration services.

• Defense Engineering Services supplies embedded solutions for mission-critical defense systems, with recurring revenue from long-term defense contracts.

Financial performance and metrics

• In fiscal year 2025, foreign subsidiaries generated $17.6 million, or 66.2% of consolidated revenue.

• 32% of Marine Technology revenue and 18.9% of PAL's sales were derived from U.S. customers and subject to tariffs.

• The company’s common stock closed at $12.88 per share on March 18, 2026, on the Nasdaq Capital Market.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital and potential acquisitions, though no current acquisition plans exist.

• The company will not receive proceeds from the resale of shares by the selling stockholder.