SRT Marine Systems (SRT) Investor Update summary

Transceivers division update

• Holds 85–90% global market share with nearly 500,000 navigation safety transponders shipped and 4,500 active dealers worldwide.

• Sells through own brand, OEM partners, and directly to ports and authorities, with all channels performing well.

• Launching Nexus, a new product integrating data and voice communication, mobile, and wearables, with features like Man Overboard alerts and private intercom.

• Nexus is in pre-production, with orders to be taken in November and shipping before year-end; forward order book established for the first time.

• Entry into app-based services opens new licensing and recurring revenue opportunities.

Systems business and project pipeline

• Integrated maritime surveillance systems for sovereign clients, with a $1.5 billion active project pipeline.

• Four near-term contracts totaling $420 million are in final stages, including a major Indonesian Coast Guard project awaiting imminent loan agreement execution.

• Two follow-on Middle East contracts are close to signing, reflecting long-term customer relationships and strategic planning.

• A new $200 million national surveillance project is progressing rapidly after administrative changes, with start expected within months.

• All four projects are expected to commence before year-end, with significant planning and readiness in place.

Strategic outlook and engagement

• Emphasizes the importance of patience and relationship-building in securing large, complex system contracts.

• Highlights strong shareholder support enabling long-term technology and relationship development.

• Upcoming presence at METS and plans for AGM and Investors Open Day to provide further updates.