ASX Announcement – FY24 Guidance and Company Update

Highlights:

• H2 FY24 financial results in line with previous guidance
• Cash has significantly improved over H2 FY24, increasing from $1.6m to $6.2m
• No debt, with $3.2m of current working capital facilities available
• Relationship with AeroVironment extended and expanded to new products
• New orders of ballistic products for US domestic and international customers valued at $13.7m, supplied during H1 FY25
• HighCom continues to engage closely with customers in domestic and global markets
• XTClave™ construction ongoing, however delayed, initial engagement from key customers in US Department of Defence
  

HighCom Limited (ASX: HCL) (the Company) is pleased to provide the following update on its anticipated FY24 results and general operational update.