HighCom (HCL) Investor presentation summary

Company overview and structure

• Operates as a global specialist in defence, providing personnel protective systems and technology integration for government, law enforcement, military, space, and commercial sectors.

• Two divisions: Armour (ballistic protection products) and Technology (UAS/CUAS integration and support).

• Proprietary XTclave® technology enables advanced, lightweight, and strong ballistic products.

Capital raising and use of funds

• Raising $7.0 million via placement of 35 million shares in two tranches, with an additional $1.0 million Share Purchase Plan (SPP) for eligible shareholders.

• Offer price set at $0.20 per share, representing up to a 22% discount to recent VWAP.

• Funds allocated to working capital (72%), XTclave® upgrades and tooling (14%), and operational growth activities (14%).

• Directors participating in Tranche 2, subject to shareholder approval.

Financial performance and outlook

• H1 FY26 revenue was $10.9 million with an EBITDA loss of $5.0–$5.8 million, impacted by US Government shutdown and tariff uncertainty.

• Anticipates 100–150% uplift in H2 FY26 revenue, aiming for breakeven or profitability.

• Production streamlining and cost reduction planned for FY27.

• Guidance dependent on large technology order, US order recovery, and FX rates.