Announcement PDF Ai-Media Technologies Limited Appendix 4E Preliminary final report 1. Company details Name of entity: Ai-Media Technologies Limited ABN: 12 122 058 708 Reporting period: For the year ended 30 June 2026 Previous period: For the year ended 30 June 2025 2. Results for announcement to the market $'000 Revenues from ordinary activities down 7.2% to 60,203 Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) down 110.1% to (335) Loss from ordinary activities after tax attributable to the owners of Ai- Media Technologies Limited up 152.1% to (4,215) Loss for the year attributable to the owners of Ai-Media Technologies Limited up 152.1% to (4,215) Dividends There were no dividends paid, recommended or declared during the current financial period. Comments Revenue share of technology sales (including hardware and SaaS) increased to 74.4% of total revenue, compared to 63.3% in the prior year. Technology revenue increased by 9% and Services revenue declined by 35.2%. Group EBITDA was loss of $335,000 down from the prior period (30 June 2025: profit of $3,310,000). EBITDA included a non-cash share-based payment expense of $2,299,000 relating to the Group's five-year long-term incentive plan. Excluding this expense, normalised EBITDA was a profit of $2,136,000 a decrease of $2,478,000 from prior year. The decline in EBITDA was primarily driven by lower services revenue resulting from the Group's strategic transition towards a greater proportion of software and recurring revenue, which reduced short-term earnings while supporting long-term growth objectives. EBITDA is a financial measure not prescribed by Australian Accounting Standards (‘AAS’) and represents the profit under AAS adjusted for depreciation, amortisation, interest income, finance costs and tax expenses. The directors consider EBITDA to reflect the core earnings of the Group. Refer to the attached Directors' report 'Review of Operations' section for further explanation. Ai-Media Technologies Limited Appendix 4E Preliminary final report The following table summarises key reconciling items between statutory loss after income tax and EBITDA: Consolidated 2026 2025 $'000 $'000 Revenue 60,203 64,860 Less: Direct employee costs (10,591) (14,772) Less: Other direct costs including inventory expenses (5,833) (5,032) Gross profit 43,779 45,056 Less: Indirect costs or overheads* (47,562) (45,582) Less: Income tax expense (432) (1,146) Loss after income tax expense (4,215) (1,672) Add: Finance costs 122 40 Add: Income tax expense 432 1,146 Less: Interest income (237) (86) Loss before interest and taxation (EBIT) (3,898) (572) Depreciation and amortisation expense 3,563 3,882 EBITDA (335) 3,310 Add: Restructuring costs 172 1,304 Add: Share-based payments expense** 2,299 - Normalised EBITDA*** 2,136 4,614 * Indirect costs or overheads includes employee costs not allocated as part of the determination of gross profit. ** This relates to the five-year long-term incentive arrangement which, in accordance with AASB 2, is a single award with multiple vesting dates and therefore requires a graded (or "waterfall") expense recognition pattern. *** The normalised EBITDA excludes share-based payment expense of $2,299,000 recognised during FY26 under the Group's long-term incentive ('LTI') plan, which commenced in FY26. This adjustment reflects the non-cash nature of the expense and provides a clearer comparison of the Group's underlying operating performance. In addition, normalised EBITDA for FY26 excludes one-off restructuring costs of $172,000 incurred as part of the Group's organisational realignment and efficiency initiatives. In the prior year, normalised EBITDA excluded one- off restructuring costs of $1,304,000 incurred as part of the Group's strategic realignment and efficiency program. These adjustments reflect the non-cash and/or non-recurring nature of these expenses and provide a clearer view of the Group's ongoing operating performance. 3. Net tangible assets 2026 2025 Cents Cents Net tangible assets per ordinary security 8.85 9.24 The net tangible assets calculation includes rights-of-use assets of $396,000 (30 June 2025: $635,000) and the corresponding lease liabilities of $427,000 (30 June 2025: $658,000). 4. Control gained over entities Not applicable. Ai-Media Technologies Limited Appendix 4E Preliminary final report 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. 7. Dividend reinvestment plans Not applicable. 8. Details of associates and joint venture entities Not applicable. 9. Foreign entities Details of origin of accounting standards used in compiling the report: Not applicable. 10. Audit qualification or review Details of audit/review dispute or qualification (if any): The financial statements have been audited and an unmodified opinion has been issued. 11. Attachments Details of attachments (if any): The Annual Report of Ai-Media Technologies Limited for the year ended 30 June 2026 is attached. 12. Signed As authorised by the Board of Directors. Signed ___________________________ Date: 27 August 2026 Anthony Abrahams Co-Founder, Director and Chief Executive Officer Sydney Annual Report Intelligent language technology that makes media and communication accessible to everyone, everywhere. BREAKING DOWN BARRIERS IN REAL TIME AI-Media (ASX: AIM) is a global leader in AI-powered language solutions and broadcast infrastructure. LEXI is AI-Media’s language and accessibility platform, with commercial applications including LEXI Text, LEXI Translate, LEXI Voice, LEXI AD, LEXI Recorded, and LEXI Insights. Powered by LEXI AI, AI-Media’s shared intelligence layer, the platform enables real-time captioning, translation, multilingual voice, audio description, recorded media processing, and content insights. Underpinning these solutions, AI-Media’s edge and cloud infrastructure delivers seamless integration into live production environments across IP, SDI, and streaming workflows. Trusted worldwide, AI-Media empowers broadcasters, enterprises, and governments to scale communication, enhance accessibility, and unlock new markets and value from content through intelligent language technologies. About About AI-Media 03 Highlights 04 CEO and Chair Letters 06 Products and Technology 10 Board of Directors 16 Directors’ Report 19 Auditor’s Independence Declaration 35 Financial Report 36 Directors’ Declaration 71 Shareholder Information 76 Corporate Directory 79 Contents Trusted in over 46 countries and capable of delivering in more than 100 languages. AI-Media provides AI-powered captioning, translation and voice solutions that make live and recorded content accessible to audiences worldwide. Our end-to-end technology combines AI language intelligence with broadcast- grade infrastructure, enabling organisations to replace legacy workflows, communicate across languages and unlock new revenue opportunities. As the world shifts from text to spoken AI interaction, AI-Media is leading the evolution towards real-time, multilingual communication at scale. Highlights $36.0m $60.2m $15.9m 73% 04 AI-MEDIA ANNUAL REPORT 2026 FY25 $14.7m FY25 69% FY25 $24m FY25 $64.9m $1.2m 4% 50% 7% ARR1 Total Revenue Cash Balance Total Gross Margin 1. ARR calculation is based on exit run-rate, June 2026 2. Statutory EBITDA ($0.3M) includes non-cash share-based expenses 9 new countries added in FY26 46 Markets being serviced + $34.1m $15.4m $2.1m $7.7m 05 FY25 $4.6m FY25 $5m FY25 $24m FY25 $23.8m 54% 55% 42% 35% SaaS Revenue Services Revenue Adjusted EBITDA2 Product and R&D FY26 was a year in which the transformation of AI-Media became increasingly visible in the underlying economics of our business. We began AI-Media more than two decades ago as a captioning services company. Today, we are increasingly a global technology platform providing AI-powered language solutions to some of the world’s largest broadcasters, governments and enterprises. That transition is reflected most clearly in the composition of our revenue. Technology revenue grew 9% to $44.8 million during FY26, SaaS revenue grew 42% to $34.1 million and Annual Recurring Revenue reached $36 million at year end, an increase of 50%. Technology now accounts for approximately three-quarters of Group revenue, while Group gross margin increased to 73%. Those numbers matter because they describe a business that is becoming fundamentally different. From captioning service to language technology platform At the centre of AI-Media remains a simple objective: to make spoken information accessible and useful to everyone. For many years we achieved that primarily through human captioning services. Increasingly, we achieve it through technology. LEXI Text has demonstrated that AI-generated captioning can deliver the accuracy, reliability and workflow integration required by demanding professional customers. Around that core capability we are now building a broader platform spanning captioning, translation, voice, recorded content and advertising workflows. Our opportunity is therefore no longer simply to replace one method of producing captions with another. It is to provide the infrastructure through which customers can capture, process, translate, distribute and monetise spoken language. That distinction is important. AI is advancing extraordinarily quickly. Models will continue to improve and the cost of intelligence will continue to fall. We believe sustainable value will increasingly be created not simply by possessing an AI model, but by integrating AI reliably into the complex real-world workflows in which customers operate. That is where AI-Media has spent more than two decades building expertise. Owning the workflow Our combination of software, hardware, cloud infrastructure, proprietary technology and deep integration into customer environments gives us an increasingly differentiated position. During FY26 our technology was deployed across 46 countries, including nine new markets. We also launched our new generation of encoder technology in April 2026. Our substantial installed base of encoders provide both a replacement opportunity as existing hardware reaches the end of its lifecycle and an opportunity to introduce customers to the broader capabilities of the LEXI platform. The introduction of Hardware-as-a-Service (HaaS) is an important part of that strategy. Historically, hardware has predominantly generated transactional revenue. HaaS allows us to reduce the upfront commitment required from customers while combining hardware, software and support into an ongoing relationship. Over time, we believe this can improve the customer experience while further increasing the recurring nature of AI-Media’s revenue. The strategic principle is straightforward: make our technology easier to adopt, easier to deploy and increasingly valuable once deployed. Expanding what LEXI can do LEXI Voice represents another important extension of the platform. The same infrastructure that allows us to turn speech into highly accurate text can increasingly be used to translate that speech into other languages and deliver it through synthetic voice. Trials and proof-of-concept programs are underway with strategic customers across our regions. We are approaching this opportunity with both ambition and discipline. New technology becomes commercially valuable only when customers are prepared to deploy it and pay for it. Our FY27 objective for LEXI Voice is therefore not simply further technical development. It is to establish product-market fit and convert successful trials into repeatable commercial deployments. CEO’s Letter Dear Shareholders, 06 We are applying the same philosophy to LEXI Audio Description (“LEXI AD”) and the other emerging capabilities of the LEXI platform: develop quickly, test with customers, learn from real usage and invest behind demonstrated demand. Investment and operating discipline Building a global technology company requires continued investment. During FY26 we continued to invest substantially in product and engineering while remaining debt free, generating positive operating cash flow and finishing the year with $15.9 million in cash. We regard that balance as important. Our objective is not to maximise short-term reported earnings at the expense of opportunities capable of creating substantially greater long-term value. Equally, investment cannot be justified merely because an opportunity is technologically interesting. Capital and engineering resources must ultimately produce products customers want, recurring revenue and attractive returns. That discipline will remain central to the way we allocate resources in FY27. The next chapter I have had the privilege of being part of AI-Media since its beginning. What continues to excite me is that the underlying purpose of the company has remained remarkably constant while the technology available to fulfil that purpose has changed beyond recognition. We started by helping people understand television programs they otherwise could not access. Today, advances in artificial intelligence give us the opportunity to help people understand spoken information across languages, countries, platforms and formats at a scale that would once have been impossible. Our job is to turn that technological possibility into a valuable business. In FY27 that means continuing to grow LEXI Text; converting more customers toward recurring technology relationships; capturing the encoder replacement opportunity; scaling Hardware-as-a- Service; expanding geographically; and establishing whether LEXI Voice and LEXI AD can become meaningful new commercial growth engines. I want to thank our people around the world for their ingenuity, resilience and commitment throughout FY26; our customers and partners for continuing to trust us with mission-critical workflows; our Board for its support and challenge; and our shareholders for their continued investment in AI-Media. Sincerely, Tony Abrahams Co-Founder & CEO AI-Media Tony Abrahams CEO and Co-Founder 07 AI-MEDIA ANNUAL REPORT 2026 FY26 was an important year in AI-Media’s transformation from its origins as a services-led captioning business into a global, AI-driven technology company. While headline revenue declined 7% to $60.2 million, it masks significant improvement in the composition and quality of our revenue. Technology revenue increased 9% to $44.8 million, SaaS revenue grew 42% to $34.1 million and Annual Recurring Revenue reached $36 million at year end, up 50%. At the same time, legacy Services revenue declined to $15.4 million as the business continued its transition towards technology-based delivery. Technology now represents approximately three-quarters of Group revenue and total gross margin increased to 73%, reflecting the increasingly attractive economics of our technology platform. Adjusted EBITDA was $2.1 million, reflecting continued investment in product and engineering to support our growth strategy. Importantly, AI-Media ended FY26 with $15.9 million in cash, positive operating cash flow and no debt, providing a strong financial foundation from which to continue investing in the business. Building the platform for growth Several developments during FY26 were particularly important to our future. In April 2026, AI-Media launched its new generation of encoder technology. With a substantial global installed base, including many encoders now approaching replacement age, these new products provide an opportunity both to refresh our existing customer base and to win new deployments. The introduction of Hardware-as-a-Service (HaaS) during FY26 complements this product renewal. HaaS reduces the upfront capital commitment for customers and provides an opportunity to progressively convert what has traditionally been transactional hardware revenue into recurring revenue incorporating hardware, software and support. Chair’s Letter John Martin Chair Dear Shareholders, 08 09 AI-MEDIA ANNUAL REPORT 2026 We also made encouraging progress with LEXI Voice. Trials and proof-of-concept programs are underway with strategic customers across our regions. Voice extends the LEXI platform beyond captioning into real-time multilingual translation and synthetic voice. Our focus in FY27 will be on demonstrating product- market fit and converting successful trials into commercial deployments. Geographically, AI-Media’s technology is now deployed across 46 countries, with nine new markets added during FY26. We see further opportunities to grow our established broadcast business, increase penetration in EMEA and APAC, and expand in Government and Enterprise markets in North America. Looking ahead The transformation of AI-Media over recent years has created a business with a significantly stronger recurring-revenue base, higher margins and a broader technology platform. During FY26, the Company withdrew its previously stated FY29 financial targets. Given the pace of change in our markets and uncertainty around the timing of customer adoption of new products and business models, the Board considered that maintaining long- term targets of this nature was no longer appropriate. Our focus is instead on nearer-term execution and providing shareholders with clear evidence of commercial progress. Our focus in FY27 is on execution: continuing the growth of our core LEXI Text business, capturing the encoder replacement opportunity, scaling HaaS and progressing LEXI Voice towards commercial adoption. We will also continue the market validation of LEXI Audio Description and its iterative, human-controlled approach, combining AI efficiency with the creative control required by content owners. Across these opportunities, we will maintain disciplined investment and cost management. The Board remains confident in the strategic direction of the Company. We also recognise that shareholders should ultimately judge our progress by the commercial outcomes we deliver and our ability to translate these opportunities into sustainable growth and long-term shareholder value. I would like to thank my fellow Directors for their contribution and commitment throughout the year. In particular, our US-based Directors, who joined the Board in November 2024, have brought valuable experience and perspectives to the Board, particularly given the significance of North America and technology to AI-Media’s business and growth strategy. I would also like to thank Tony Abrahams and the executive team, together with our employees around the world, for their commitment and contribution during a year of considerable change. Finally, on behalf of the Board, I thank our shareholders for their continued support. We enter FY27 with a stronger recurring-revenue base, a broader technology platform, lower cost base and significant opportunities ahead of us. Our focus is firmly on delivering against them. Sincerely, John Martin Chair AI-Media Products & Technology FY26 marked continued progress in AI-Media’s evolution from a live captioning specialist into a global AI-powered language technology company. At the centre of this evolution is the LEXI ecosystem: an integrated platform that enables customers to caption, translate, voice and describe live and recorded content across a growing range of media workflows. Built on decades of expertise in live captioning, the LEXI ecosystem brings together AI-Media’s proprietary software, broadcast encoder technology, cloud infrastructure and global iCap delivery network. This foundation is combined with leading AI technologies to deliver secure, scalable language solutions for broadcasters, enterprises, governments, educational institutions and live events. The strength of the ecosystem lies not in any single AI model or application, but in AI-Media’s ability to integrate language technologies into the complex production and distribution workflows on which customers already rely. This enables customers to adopt new AI capabilities without replacing the infrastructure, operational processes and delivery networks that support their core media operations. During FY26, AI-Media continued to strengthen the trust and security foundations of the platform, achieving both SOC 2 Type II and ISO/IEC 27001:2022 certification. These independently recognised standards reinforce the Company’s commitment to information security, privacy and operational resilience, and provide customers with greater confidence when deploying AI-Media solutions across critical enterprise and media environments. Product development during FY26 focused on three strategic priorities: extending the range of language and accessibility services available through the LEXI ecosystem; making AI-Media technology easier and more flexible to deploy; broadening the commercial models through which customers can access the platform. These priorities were reflected in continued development of LEXI Voice, the introduction of Hardware as a Subscription, and the expansion of AI-Media’s accessibility portfolio through AI-powered Audio Description. Expanding the LEXI Ecosystem 10 11 AI-MEDIA ANNUAL REPORT 2026 Innovation Highlights Unlocking Multilingual Audiences The global value of live content increasingly depends on its ability to reach audiences beyond a single language. DuringFY26,AI-MediacontinuedtoadvanceLEXIVoice,enablinglivespeech to be translated and delivered as spoken audio in multiple languages with very low latency. Integrated within the broader LEXI ecosystem, LEXI Voice is designed to work alongside live captioning and translation within existing production workflows. This enables broadcasters, sports organisations, governments and enterprises to extend the reach of live content without creating separate productions for each language. LEXI Voice also reflects a broader strategic opportunity for AI-Media. As AI models continue to improve, the Company’s value increasingly lies in providing the trusted workflow, infrastructure and distribution layer through which new language technologies can be deployed at scale. Extend existing content to new language audiences without duplicating the underlying production. Increase audience reach and engagement through translated spoken audio. Create additional value from existing broadcast rights, live events and media assets. Combine captions, translation and voice within a single integrated workflow. Position AI-Media to participate in the continued growth of AI-powered multilingual media services. LEXI Voice Key opportunities 12 LEXI Voice is now where LEXI Text was in November 2023 - just before scaled adoption. Voice has moved beyond technical possibility into active commercial procurement Encoder refresh is the enabling platform for scaled live AI translation The early-adopter-to- majority crossover is where adoption accelerates and revenue scales 13 AI-MEDIA ANNUAL REPORT 2026 1 2 3 A More Flexible Path to Deployment FY26 also saw the introduction of Hardware as a Subscription (HaaS), providing customers with an alternative to traditional upfront capital purchasing. AI and media technology are evolving rapidly. For many customers, flexibility, access to current technology and predictable operating costs are becoming increasingly important alongside the initial purchase price of hardware. The HaaS model enables customers to access AI-Media encoder technology through a recurring subscription that combines hardware, software updates and support. This provides a more flexible route to deployment while allowing customers to remain aligned with the continuing evolution of AI-Media’s technology platform. For AI-Media, HaaS broadens the Company’s commercial offering and creates an additional pathway towards deeper, longer-term customer relationships and recurring revenue. Key opportunities Reduce the upfront capital required to deploy AI-Media technology. Provide greater flexibility through an operating expenditure model. Combine hardware access, software updates and support within a recurring commercial relationship. Support customers whose deployment requirements change over time. Expand the addressable market for enterprise, live-event and other flexible deployment environments. Increase the proportion of AI-Media revenue generated through long-term recurring models. Hardware as a Subscription 14 Extending AI-Media’s Accessibility Platform During FY26, AI-Media expanded its accessibility portfolio through the introduction of AI-powered Audio Description. Audio description extends access to visual content by providing spoken descriptions of important visual information for people who are blind or have low vision. The addition of this capability broadens AI-Media’s accessibility offering beyond captions and translated language services and creates an opportunity to serve another important component of the accessible media market. Demand is being supported by a combination of regulatory change and customer interest. Accessibility requirements affecting government and public-sector video in the United States, together with early customer engagement in EMEA and positive feedback from reseller partners in Asia, provide encouraging initial signals for the opportunity. The strategic significance extends beyond a single new product. Audio Description demonstrates the ability of the LEXI ecosystem to apply AI-Media’slanguagetechnology,mediaexpertiseanddeliveryinfrastructure to adjacent accessibility needs. Key opportunities Address growing demand for accessible video content. Extend AI-Media’s portfolio beyond captioning into a complementary accessibility service. Build on early customer engagement in EMEA and reseller interest across Asia. Create opportunities to deliver multiple accessibility services through the broader LEXI ecosystem. Respond to changing accessibility requirements, including relevant public-sector requirements in the United States. AI-Powered Audio Description 15 AI-MEDIA ANNUAL REPORT 2026 John joined the Board in 2010 and served as Chair until 2013, NED until 2024 and has been re-elected as Chair in February 2024. He is an experienced company director and business executive, having served as CEO and director of ASX- listed Babcock & Brown Communities, Primelife and Regeneus. He is a former corporate and commercial partner of law firm Allens. John is a Non-Executive Director of Australian law firm Sparke Helmore; Sydney biotech company Biopoint; US internet services company Lokket and Melbourne not for-profit CCRM Australia. He is also a member of the Australian Institute of Company Directors. Tony Abrahams co-founded AI-Media in 2003 and has led the company as CEO from inception, through a period of significant transformation. Driven by a passion for technology and inclusion, Tony has steered AI-Media from its origins in human-based captioning to becoming a global leader in AI-powered language solutions. He was the force behind the acquisition of EEG, a U.S. based tech company whose innovations - including the LEXI automatic captioning engine and iCap delivery network - have been central to AI-Media’s shift toward real-time, scalable captioning and translation technology. Today, AI-Media’s solutions help broadcasters, enterprises, and governments deliver accessible content to audiences worldwide. Tony holds a Bachelor of Commerce (Honours) and Bachelor of Laws from the University of New South Wales, where he was awarded the University Medal in Accounting. As a Rhodes Scholar, he completed both an MPhil in Economics and an MBA at the University of Oxford. While at Oxford, he contributed to the establishment of the Oxford Internet Institute, which researches the societal impact of the internet. Tony’s commitment to social impact extends beyond AI-Media. He served as a Director of Northcott Disability Services from 2010 to 2018 and was named a Young Global Leader by the World Economic Forum in 2013. A member of the Australian Institute of Company Directors since 2006, Tony continues to advocate for technology that drives both innovation and meaningful inclusion. Cheryl joined the Board in March 2022. Cheryl is an experienced independent, Non-Executive Director with a portfolio spanning ASX-listed companies, private companies, industry bodies and not- for-profit organisations across B2B and B2C sectors in diverse geographies. Her corporate career includes senior strategic technology, digital strategy and global marketing roles, including Head of Marketing and Innovation at SunRice, and senior marketing director roles at George Weston Foods, Unilever (Australia, New Zealand and the UK), Yum! Restaurants International and Who Weekly magazine. Cheryl has chaired the Remuneration and Nomination Committee on every board on which she has served. She was formerly an appointed member of the Department of the Prime Minister and Cabinet’s Digital Experts Advisory Committee and is a Fellow of the Australian Institute of Company Directors. Board of Directors 16 JOHN MARTIN Non-Executive Chair TONY ABRAHAMS Co-Founder and CEO CHERYL HAYMAN Non-Executive Director Brent joined the Board in July 2024 and is Chairman of the Audit and Risk Committee. Brent is a highly experienced Non-Executive Director and CFO with over 30 years of board level experience in senior finance roles for global businesses in Health, Medical Devices, Media, Property, Tourism and started his career at Deloitte. Brent has been the Chair of the Audit and Risk Committees for all the public and private companies. His previous executive roles have included CFO of Cochlear Ltd and Nine Network Australia and for various other private companies. Brad was appointed as a Director in November 2024 and brings over 25 years of global experience spanning product innovation, AI-driven solutions, an