Announcement PDF ENERGY TECHNOLOGIES LIMITED ABN 38 002 679 469 Annual Financial Report for the year ended 30 June 2026 Energy Technologies Limited – 2026 Annual Report 2 Corporate Information ABN 38 002 679 469 Directors Matthew Driscoll (Chairman, Non-Executive Director) Doron Eldar (Non-Executive Director) Kurt A Hansen (Non-Executive Director) Company Secretary Gregory R Knoke Registered Office Unit J, 134-140 Old Pittwater Road Brookvale NSW 2100 Telephone:- (02) 8978 2600 Bankers National Australia Bank Limited NAB House, 2 Carrington Street, Sydney NSW 2000 Share Register Computershare Investor Services Pty Ltd Level 4, 44 Martin Place, Sydney NSW 2000 Telephone:- (02) 8234 5000 Facsimile:- (02) 8235 8150 Auditors Crowe Audit Australia Level 42, 600 Bourke Street Melbourne VIC 3000 Telephone:- (03) 9258 6700 Facsimile:- (03) 9258 6722 Energy Technologies Limited – 2026 Annual Report 3 Contents Chairman’s Report 4 Directors’ Report 6 Remuneration Report (audited) 13 Auditor’s Independence Declaration 18 Consolidated Statement of Profit or Loss 19 Consolidated Statement of Comprehensive Income 20 Consolidated Statement of Financial Position 21 Consolidated Statement of Changes in Equity 22 Consolidated Statement of Cash Flows 23 Notes to the Financial Statements 24 Consolidated Entity Disclosure Statement 55 Directors’ Declaration 56 Independent Auditor’s Report 57 ASX Additional Information 60 Corporate Governance Statement 62 Energy Technologies Limited – 2026 Annual Report 4 Chairman’s Report Dear Shareholder, FY2026 was a year of continued transition for Energy Technologies Limited. The financial result remained challenging, but the Company made an important strategic step through Cogenic's acquisition of the Maradin Laser Optical Engineering intellectual property portfolio. Our focus for FY2027 is to advance that technology towards commercial partnerships while continuing the operational and financial restructuring of Bambach Wires & Cables. Financial and operating position The Group recorded a consolidated loss after tax and non-controlling interests of $12.477 million, compared with a loss of $10.991 million in FY2025. Bambach reported a loss after tax of $8.103 million, compared with $8.490 million in the prior year. Cash outflows were reduced by approximately 16%, reflecting continued cost reduction and tighter working capital management, although further improvement is required before the Group reaches a sustainable financial position. Cogenic and the opportunity ahead In March 2026, Cogenic acquired Maradin Limited's Laser Optical Engineering intellectual property portfolio. The portfolio comprises 14 global patents covering Laser Beam Scanning technology for ultra near eye and direct retina display applications. The acquisition also brought together an experienced development team to progress the technology towards commercialisation. The technology is differentiated by its software controlled optical architecture, including the potential for lower power consumption, non rectangular display shapes, dynamic pixel density and compatibility with waveguide displays. These characteristics are relevant to applications where weight, power efficiency and display performance are critical. Following year end, Cogenic entered into a five year Master Licence Agreement with Amalgamated Vision, a Tennessee based deep technology company developing optical solutions for AFWERX and NASA. The parties are working on a lightweight, low-power heads up display platform for defence, first responder and aerospace applications. When the project produces a finished product that achieves commercial sales, Cogenic is entitled to a 5% royalty on gross sales under the project licence. This is an encouraging first commercial pathway for the acquired technology, but it remains a development stage project. It provides no immediate revenue and there is no guarantee of a commercial outcome. The Board's approach will therefore be milestone driven to protect and strengthen the patent portfolio, deliver the technical program with Amalgamated Vision, and seek licensing or partnership arrangements with organisations that can accelerate development and market access. The end product technology will consolidate multiple capabilities traditionally delivered through separate devices into a single lightweight wearable platform. This includes two-way communications, body-worn video functionality, heads-up visual information and electronic data delivery. Cogenic's near term focus will be defence, first responder and aerospace applications, where the technology's performance characteristics may offer the clearest route to validation and commercial adoption. Smart glasses, extended reality and other display markets remain longer term opportunities. The Board believes this focused approach gives EGY the best opportunity to convert its intellectual property into a scalable, capital-efficient licensing business. Energy Technologies Limited – 2026 Annual Report 5 Chairman’s Report (continued) Bambach Bambach continues to be restructured with a clear objective of moving towards cash flow break-even. The business is concentrating on higher margin manufactured products, purchased sales, distribution and renewable energy opportunities. New cable building software installed at the Rosedale factory is expected to improve product design, costing and production planning. The quality of future growth will be measured by margins, cash conversion and disciplined use of working capital. Board changes Doron Eldar joined the Board as a Non Executive Director on 23 January 2026. Doron's venture-capital, technology and go to market experience is particularly relevant as Cogenic develops. Following year end, Kurt Hansen joined the Board on 18 August 2026. Kurt brings extensive experience across technology, cybersecurity and defence, including public company leadership and an Australian Government NV1 security clearance. Their combined experience strengthens the Board for the next phase of Cogenic's development. Alfred Chown resigned as an Executive Director on 23 January 2026, and Anthony Smith resigned as a Non- Executive Director on 18 August 2026. On behalf of the Board, I thank Alf and Tony for their service and contribution. Looking forward Our priorities are clear: improve Bambach's cash and margin performance, advance Cogenic through measurable technical and commercial milestones, strengthen the balance sheet and maintain disciplined governance. Cogenic gives EGY exposure to differentiated technology and attractive markets, but value will be created through execution rather than promise. We will keep shareholders informed as material development, partnership and commercial milestones are achieved. I thank our shareholders, employees, customers, suppliers, noteholders and lenders for their patience and continued support during a demanding year. The work undertaken in FY2026 has established a clearer direction for the Company, and the Board is focused on delivering tangible progress in FY2027. Matthew Driscoll Chairman 30 September 2026 Energy Technologies Limited – 2026 Annual Report 6 Directors’ Report The directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the ‘Group’) consisting of Energy Technologies Limited (referred to hereafter as the ‘Company’) and the entities it controlled at the end of, or during, the year ended 30 June 2026. DIRECTORS The names and details of the Company's Directors in office during the year and until the date of this report are as follows. Directors were in office for this entire period unless otherwise stated. Names, qualifications, experience and special responsibilities Matthew Driscoll, (Chairman - Non-Executive Director) Appointed 20 December 2016 Mr Driscoll has significant experience across several industries, including online technologies, financial services, fintech, property and resources. He has more than 40 years’ experience in capital markets and the financial services industry and is an accomplished company director in roles across listed and private companies. He has significant experience in international business growth, mergers and acquisitions, equity and debt raisings and building strategic alliances, and remains committed to ethical, commercial and consumer-based outcomes. Other Current Directorships: Chair Carbonxt Group (CGI). Mr Driscoll is a member of the Audit and Risk Committee and the Remuneration and Nomination Committee. Doron Eldar (Non-Executive Director) Appointed 23 January 2026 Mr Eldar has a BA in Business Economics and is a tech entrepreneur and venture capitalist with over a decade of senior leadership experience on both sides of the industry. He is a partner in SIBF, an Israeli Venture Capital firm and has expertise in corporate strategy, business development, M&A, and go-to-market strategies. He is deeply involved in the VC space and leverages his extensive background to identify and nurture high-potential startups. Throughout his career, he has held various managing positions in both private and public companies, driving growth, spearheading strategic initiatives, and facilitating successful exits. His passion lies in fostering innovation and guiding businesses toward sustainable success. Other Current Directorships include: Executive Director Powerhouse Ventures Ltd (PVL) and Non-Executive Director DOTZ Nano Ltd (DTZ). Mr Eldar is a member of the Audit and Risk Committee and the Remuneration and Nomination Committee. Kurt Andrew Hansen (Non-Executive Director) Appointed 18 August 2026 Mr Hansen is a dynamic and authentic leader with a proven track record at Cybersecurity powerhouse Tesserent Pty Ltd, generating rapid market share growth elevating the market cap from $5m to $234m via organic contracts won, and strategic acquisitions. Excelled in sales leadership and fostering customer focus, demonstrating unparalleled financial acumen and people development skills. Achieved a successful shareholder exit, showcasing key stakeholder management and strategic visioning. Knowledgeable Executive Director with strategic vision and extensive background in driving organizational growth and operational efficiency. Led transformative initiatives that streamlined processes and fostered innovation across diverse cultures and communities. Demonstrated leadership and strategic planning skills, consistently leveraging analytical thinking and problem-solving abilities to achieve corporate goals. Grew multiple SaaS business in ANZ and APAC achieving rapid growth through planning and building high performance teams across 3 decades. Mr Hansen is a member of the Audit and Risk Committee and the Remuneration and Nomination Committee. Energy Technologies Limited – 2026 Annual Report 7 Directors’ Report (continued) Anthony Lloyd Smith (Non-Executive Director) Appointed 24 December 2020. Resigned 18 August 2026 Mr Smith has over 30 years’ experience in finance with a variety of firms concentrating on small to medium sized companies in regard to corporate finance, institutional research sales and private wealth advice. During this time, he was charged with running these businesses along with titles of Head of Securities and Country Director of Austock Group and Phillip Capital. Mr Smith is currently a Portfolio Manager with Equitable Investors, a Melbourne based fund manager. Mr Smith is a former member of the Audit and Risk Committee and the Remuneration and Nomination Committee. Alfred John Chown, B.Econ, (Executive Director) Appointed 10 August 2023. Resigned 23 January 2026 Mr Chown has extensive experience in building businesses across Australasia. He returned to Australia in 2012 after residing in Hong Kong from 1987-2012. In 1987 he co-founded E.L. Consult Ltd an executive search provider that prior to being sold to the Clarius group (ASX:CND) in 2007, had an extensive network of offices throughout Hong Kong, China, Singapore and Malaysia. In the early 1990’s Mr Chown co-founded what became the Dulhunty Power Group, under Dulhunty Power Limited (formerly ASX:DUL), a manufacturer of line fittings for the electric power transmission and distribution industry with factories in Australia, China, Malaysia and Thailand and offices in New Zealand and the USA. The Dulhunty Power Group was sold to Maclean Power Systems of the USA in 2012. Mr Chown is a former Chairman of the Australian Chamber of Commerce in Hong Kong and has extensive commercial experience in both Australia and Asia. Mr Chown was formerly Chairman and Director of Energy Technologies Limited (EGY), resigning on 24 December 2020 and remaining as CEO of the group and director of subsidiary Bambach Wires & Cables Pty Limited (Bambach). Mr Chown was re-appointed as a director of EGY on 10 August 2023. Mr Chown resigned as a director on 23 January 2026. Mr Chown is a former member of the Audit and Risk Committee and the Remuneration and Nomination Committee. COMPANY SECRETARY Gregory R Knoke, B. Com, CA (Company Secretary and Chief Financial Officer) Appointed 30 April 2003 Former director of Cogenic Pty Limited. Mr Knoke was a director of Energy Technologies Limited from May 2000 until 30 April 2003, resigned upon acceptance of the position of CFO and Company Secretary. Born in 1952, educated at University of NSW and graduated in 1973 with major in accountancy, he holds a Bachelor of Commerce degree with merit. Mr Knoke is a Chartered Accountant and Associate member of Chartered Accountants Australia and New Zealand since 1979, and an affiliate member of Chartered Secretaries of Australia. Business consultant and advisor, with extensive work experience throughout Asia and Europe, Mr Knoke spent 13 years in Hong Kong as Asian Group Financial Controller and Director for BIL Asia Holdings Limited and subsidiaries of the Brierley Investments Limited Group. PRINCIPAL ACTIVITIES EGY’s principal activities during the year were:  The manufacture and sale of specialist industrial cables and ancillary products through wholly owned subsidiary Bambach Wires & Cables Pty Limited (Bambach);  Driving organic growth and organisational change in Bambach; and  Seeking other products, businesses and opportunities for the Group. REVIEW AND RESULTS OF OPERATIONS EGY has reported a consolidated loss after tax and minorities for FY2026 of $12,476,948 (FY2025 loss after tax and minorities $10,991,225). Wholly owned subsidiary Bambach Wires & Cables Pty Limited (Bambach) reported a loss after tax of $8,103,341 (FY2025 loss $8,490,112). The FY2026 result includes an inventory write down of $443,986 (2025: $536,770) as a result of a continued detailed review of inventory items by location and including slow moving stock. Energy Technologies Limited – 2026 Annual Report 8 Directors’ Report (continued) REVIEW AND RESULTS OF OPERATIONS (continued) During the period, the company continued to re-structure towards unlocking shareholder value. The addition of an investment by its 100% owned subsidiary, Cogenic Pty Ltd (Cogenic), into the Laser Optical Engineering industry was seen as a move to deliver on this plan. Subsequent to year end, Cogenic entered into a Master Licence Agreement with Amalgamated Vision, a United States based technology company. The agreement relates to the development of an optical platform incorporating Cogenic’s laser beam scanning technology for Amalgamated Vision’s product-development activities, including work associated with AFWERX (USA Air Force) and NASA. While the agreement does not contribute revenue immediately, the ongoing project development can contribute revenue as projects are completed during the five (5) year term. Cogenic continues to market its products globally in the Defence and Aerospace industries and will contribute to the previously stated capitalisation plan that the company is undertaking which commenced with the recent placement undertaken by the company on 8 May 2026. Cogenic is committed to producing revenue to aid this process and the company will update the market as further contracts are signed. During this period of repositioning, the company continues to change both the offering and revenue profile of Bambach, which resulted in a reduction in revenue received throughout the period. Bambach continues to go through a range of cost-cutting initiatives, re-aligning the business to the new revenue profile. Pleasingly, the company has recently seen the order book move towards previous levels which will contribute to revenue in FY27Q3, subject to sufficient working capital and raw material availability. STATE OF AFFAIRS During the financial year, the Group repaid $4,058,859 (2025: $2,860,866) of both long and short-term interest bearing debt. In relation to the Going Concern position of the Group, please refer to the details set out in Note 1(c) to the Financial Statements and the Events After the Reporting Period Note 27. DIVIDENDS No dividends were paid or recommended by the parent company EGY this financial year. NON-AUDIT SERVICES During the year the Company’s auditor, Crowe Audit Australia, performed no other services in addition to their statutory duties. Details of the amounts paid to the auditors and their associates for audit services provided during the year are set out in note 6 to the financial statements. EVENTS SUBSEQUENT TO REPORTING DATE The following matters have occurred post reporting date: (i) Unsecured short-term loans of $1,180,000. These loans incur an interest rate of 18% per annum; (ii) The maturity dates of convertible notes of $2,020,000, included in current liabilities in the balance sheet, have been extended until September 2027. Accordingly, these convertible notes whilst technically current at balance sheet date, now retain characteristics of a non-current liability post balance sheet date; (iii) In August 2026 the EGM ratified the issue of an aggregate of 124,746,500 fully paid ordinary shares in the Company to sophisticated and professional investors at an issue price of $0.02 (2 cents) per share, which issues occurred on 14 May 2026, 2 June 2026 and 29 June 2026. This refreshes EGY’s capacity to raise additional capital; (iv) On 28 August 2026 EGY issued 46,000,000 options over ordinary shares, including 26,000,000 to KMP. The options have an exercise price of $0.024 and expire 3 years from date of issue; and (v) On 23 July 2026, EGY announced a License agreement (MLA) with Amalgamated Vision. This MLA will only produce revenue when the development of wearables is agreed by all parties, and the agreement states a revenue share of 5% on all revenues generated by the parties. It is for project work developing a lightweight, low-power and high-performance optical platform. While no extra cost will be borne by EGY, allocated resources will be used that are not matched with contracted revenue in the initial period. Energy Technologies Limited – 2026 Annual Report 9 Directors’ Report (continued) EVENTS SUBSEQUENT TO REPORTING DATE (continued) Other than the matters disclosed above, no other matter or circumstance has arisen since the end of the financial year that has significantly affected, or may significantly affect, the Group’s operations, results or state of affairs in future financial years. LIKELY DEVELOPMENTS AND EXPECTED RESULTS Refer Events Subsequent to Reporting Date above. Future Developments and Risks Opportunities Energy Technologies Limited (EGY) 100% owned subsidiary, Cogenic Pty Limited (Cogenic), is a Laser Optical Engineering company. Cogenic focuses on providing solutions to the Defence, Law Enforcement, Fire and Rescue, Medical First Responders, Border, Customs and Corrections and Industrial and critical infrastructure industries. The company is well placed to move from a prototype phase to commercial maturity. Highlights and positioning points are:  Efficacy: A master licence agreement with Amalgamated Vision disclosed on the 23rd of July 2026 working on solutions for AFWERX and NASA providing efficacy in the end product;  Position: The product consolidates multiple capabilities traditionally delivered through separate devices into a single lightweight wearable platform;  Scalable Production: Contract manufacturing at scale to provide ease and efficiency at the beginning of the launch to ensure market size opportunities; and  Penetration: The company has already demonstrated the ability to secure relationships inside large government operations. EGY 100% owned subsidiary, Bambach Wires & Cables Pty Limited (Bambach) manufactures Low Voltage electric cables at its 13,000 sqm Rosedale, Victoria facility. Bambach has a substantial range of cable making equipment manufacturing a large range of both specialised and non-specialised low Voltage cables. Bambach also has warehouses in Dandenong, Victoria, Brookvale, New South Wales and Perth, Western Australia, as well as Sales Offices in Newcastle and Adelaide. Despite the challenges experienced over the period, the fundamentals of the business remain strong. The Company is well-positioned to deliver significant value as it transitions into its next phase of growth:  Scalable Production Capacity: Our manufacturing facility in regional Victoria is capable of processing up to ~250 tonnes of copper per month — a key competitive advantage that remains underutilised. With appropriate capital support, there is a clear pathway to increasing output and improving margins;  Supportive Market Conditions: Demand for electrical cabling remains strong, driven by infrastructure investment, energy transition projects, and increased electrification across multiple sectors;  Regional Advantage: Operating from regional Victoria provides long-term cost efficiencies, a reliable workforce, and strategic proximity to key customers in construction, energy, and utilities;  Growth Through Capitalisation: The Company is actively exploring capitalisation options to strengthen its balance sheet, unlock working capital, and enable investment in people, product development, and customer growth; and  Strategic Expansion Opportunities: Adjacent product lines and new sector opportunities — including renewable energy and infrastructure — offer promising avenues for diversification and revenue growth. Energy Technologies Limited – 2026 Annual Report 10 Directors’ Report (continued) LIKELY DEVELOPMENTS AND EXPECTED RESULTS (continued) Risks As with all new technological products that come to market Cogenic has specific and systemic risks which the company manages through the year, which include:  Sovereign Risk: Cogenic will deal through intermediaries who, in turn, deal with governments which can be volatile and lengthy in both negotiations and final agreements;  Technology Risk: Cogenic’s product placement is in a fast moving industry and is always being updated and developed to stay in touch with current and new offerings; and  Contract Manufacturing Risk: Cogenic’s manufacturing is contracted and faces the risk on capabilities, quality of work and timing which, while monitored, is ultimately out of its control. As with all manufacturing businesses, Bambach is subject to a number of operational and market risks. Key areas of focus during the reporting period included:  Working Capital Constraints: Limited access to growth capital has impacted the Company’s ability to operate at full capacity. This has, in turn, affected sales conversion and operational flexibility;  Commodity Price and Input Cost Volatility: Copper remains a significant input cost, and fluctuations in global commodity markets and exchange rates continue to influence margins;  Supply Chain and Logistics: Global and domestic supply chain pressures have created cost and timing challenges, particularly in securing raw materials and managing freight to and from our regional location; and  Customer and Sector Concentration: Revenue remains concentrated in a small number of key customers and sectors, which increases sensitivity to any contract or demand changes. Outlook The Company is at a critical inflection point, with Cogenic starting its commercial push and Bambach re-birthing its opportunity. Cogenic has made great progress in a short time and is focused on moving to cash flow generation at an earlier time than first forecast, while Bambach has been re-structured and has a proven product, strong customer relationships, and significant unused capacity. The Company is well placed to capitalise on market opportunities. Addressing the immediate capital needs through the right recapitalisation strategy will be imperative and allow the business to scale, improve profitability, and deliver sustainable long- term value to shareholders. ENVIRONMENTAL REGULATION AND PERFORMANCE The group operates a factory in Rosedale, Victoria which is required to comply with local planning laws, and with State and Commonwealth Environmental laws. The company considers that the factory operations are currently compliant and is not expecting any adverse impact as a result of the environmental regulation. INDEMNIFICATION AND INSURANCE OF DIRECTORS AND OFFICERS Indemnification The Company has entered into Deeds of Indemnity and Access with persons who are an Officer or Director of the Company or a related body corporate, indemnifying such persons against a liability incurred by them in their capacity as an Officer or Director, including costs and expenses of defending legal proceedings and providing them with access to company records where a claim is made or threatened against such Officer or Director. Insurance Premiums The Company has not, during or since the end of the financial year, in respect of any person who is or has been an auditor of the Company or a related body corporate paid or agreed to pay a premium in respect of a contract insuring against a liability for costs or expenses of defending legal proceedings. The Company has paid insurance premiums in respect of Directors' and Officers' liability and legal expense insurance for Directors and Officers of the Company. In accordance with subsection 300(9) of the Corporations Act 2001, further details have not been disclosed due to confidentiality provisions contained in the insurance contract. Energy Technologies Limited – 2026 Annual Report 11 Directors’ Report (continued) PROCEEDINGS ON BEHALF OF THE COMPANY No person has applied for leave of Court to bring proceedings on behalf of the company or intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of those proceedings. The company was not a party to any such proceedings during the year. EMPLOYEES The Group employed 55 employees as at 30 June 2026 (2025: 69 employees). REMUNERATION REPORT The remuneration report is set out on page 13 and forms part of the Directors’ Report for the financial year ended 30 June 2026. DIRECTORS' MEETINGS The numbers of meetings of Directors (including meetings of Committees of Directors) held during the year and the number of meetings attended by each director were as follows: Board of Directors Audit and Risk Committee Remuneration and Nomination Committee Number of meetings held: 8 5 1 Number of meetings attended: Matthew Driscoll 8 5 1 Anthony L Smith 8 4 1 Alfred J Chown 6 3 1 Doron Eldar 2 - - Kurt A Hansen - - - Committee Membership Audit and Risk Committee: Matthew Driscoll Doron Eldar Kurt A Hansen Remuneration and Nomination Committee: Matthew Driscoll Doron Eldar Kurt A Hansen INTERESTS IN THE SHARES AND OPTIONS OF THE COMPANY AND RELATED BODIES CORPORATE The relevant interest of each director in the shares, and options over such instruments, issued by the companies within the Group and other related bodies corporate, as notified by the directors to the Australian Securities Exchange in accordance with S205G(1) of the Corporations Act 2001, at the date of this report is as follows: Energy Technologies Limited Ordinary Shares Listed Options Unlisted Options Matthew Driscoll 6,560,277 - 6,000,000 Doron Eldar - - 16,000,000 Kurt A Hansen 5,000,000 - - Gary A Ferguson – director of Bambach 1,154,044 - - Energy Technologies Limited – 2026 Annual Report 12 Directors’ Report (continued) SHARES UNDER OPTION Unissued ordinary shares of EGY under unlisted option at the date of this report are as follows: Grant date Expiry date Exercise price Number under option 28 August 2026 28 August 2029 $0.024 46,000,000 Shares issued on the exercise of options There were no ordinary shares of EGY issued on the exercise of options during the year ended 30 June 2026 and up to the date of this report. AUDITOR’S INDEPENDENCE DECLARATION A copy of the Auditor’s Independence Declaration as required under s307C of the Corporations Act 2001 is included on page 18 of this financial report and forms part of this Directors’ Report. CORPORATE GOVERNANCE STATEMENT Energy Technologies Limited and the Board of Directors are committed to achieving and demonstrating the highest standards of corporate governance. Energy Technologies Limited has reviewed its corporate governance practices against the Corporate Governance Principles and Recommendations (4th Edition) published by the ASX Corporate Governance Council. Details of the corporate governance report is available on the Group website at https://www.energytechnologies.com.au and pages 62 to 74 of the annual report. Signed in accordance with a resolution of the Directors. Matthew Driscoll Director 30 September 2026 Energy Technologies Limited – 2026 Annual Report 13 Remuneration Report (audited) The Remuneration Committee of the Board of Directors is responsible for determining and reviewing compensation arrangements for the directors and the executive team. Remuneration levels are set to attract and retain appropriately qualified and experienced Directors and senior executives. The Remuneration Comm