Appendix 4D and Half Year Financial Report

• 18.5% increase in revenue to $3.9 million
• 32% reduction in loss to $4.4 million
• Awarded $10 million contract in Ontario, Canada
• Deployed Secure Data Engine with WABSI
• Raised over $5 million in share placements

IXUP Ltd, a leading provider of RegTech solutions, has reported its half-year financial results for the period ended 31 December 2024. The company reported a 18.5% increase in revenue to $3.9 million and a 32% reduction in loss to $4.4 million. During the half-year, IXUP continued to operate the world-leading BetStop National Self Exclusion Register, a state-of-the-art Centralised Self Exclusion (CSE) platform for problem gamblers in Australia. The company also secured a multi-year $10 million contract to develop a new iGaming CSE solution in Ontario, Canada, representing its largest contract win to date. Additionally, IXUP deployed its Secure Data Engine technology integrated with Microsoft Azure as part of a multi-year agreement with the Western Australian Biodiversity Science Institute. The company also successfully raised over $5 million through share placements to support its growth initiatives. Looking ahead, IXUP's expanding pipeline of opportunities within the RegTech division is set to be the primary focus, with additional contract wins anticipated to materially enhance cash generation and profitability.

IXUP expects its RegTech division to be the primary driver of future growth, with additional contract wins anticipated to materially enhance cash generation and profitability. The company has not provided any specific financial guidance for the upcoming financial year.

IXUP is well-positioned for future growth, with a strong pipeline of opportunities in its RegTech division, including the potential for further contract wins both domestically and internationally. The company is also actively considering strategic initiatives, such as a proposed name change and share consolidation, to align with its transition towards greater institutional and potential international investor ownership.