Weebit Nano (WBT) Investor Update summary

Market and technology overview

• Semiconductor industry has seen exponential growth, with transistor counts rising from 100,000 to 500 billion per chip, requiring massive capital and R&D investments.

• Geopolitical tensions, especially between the U.S. and China, have made the tech landscape less global and more fragmented, impacting partnerships and investments.

• AI and data center expansion are driving demand for advanced semiconductor technologies, creating new business opportunities and shifting industry leadership.

• Companies must adapt to global instability, supply chain challenges, and the need for rare materials, with AI adoption rapidly increasing productivity.

• Success in this environment requires experienced teams, strong governance, and the ability to manage innovation and risk.

Company progress and positioning

• Revenue grew from AUD 153,000 in H1 2024 to AUD 3.7 million in H2 2025, totaling AUD 5.4 million over two years, reflecting first recognized revenues.

• Record-breaking receipts of AUD 7.3 million in Q1 2026 were achieved, mainly from milestone-based licensing and NRE payments.

• Cash balance at September end was nearly AUD 92 million, supporting ongoing R&D and commercial expansion.

• The company is engaged with multiple fabs and product companies, with three products currently being designed using its ReRAM technology.

• A U.S. subsidiary has been established to support growing activity and optimize financial management.

Technology and market adoption

• ReRAM is now recognized as the leading embedded non-volatile memory, with projected 45x market growth from 2024 to 2030.

• The first adopters are analog markets, followed by broader applications, including automotive and AI.

• ReRAM enables instant-on, secure, and power-efficient AI edge devices, and is being integrated into in-memory compute and neuromorphic computing.

• The company is working with major partners like onsemi and DB HiTek, with rapid technology transfer and increasing customer engagement.

• The transition from early adoption to mass production is underway, with the company preparing for a significant market inflection point (the "tornado").