• Extends Secure Internet Gateway (SIG) agreement with Telstra for 12 months with 1-year option
• Provides access to FirstWave's ISM-compliant email security platform
• Ending of Products and Services Agreement (PSA) with Telstra, offset by cost savings

FirstWave Cloud Technology Limited (ASX: FCT) has extended its Secure Internet Gateway (SIG) agreement with Telstra Corporation (ASX: TLS) for the provision of ISM-compliant CyberCision software and services to several Federal Government agencies. The SIG Agreement has been extended for an additional 12 months, commencing in July 2025, with an additional one-year option. This agreement provides access to FirstWave's Information Security Manual (ISM) compliant email security platform that is designed to meet the security standards set by the Australian Cyber Security Centre (ACSC) and is offered as part of FirstWave's industry-leading CyberCision platform. Following the previously disclosed closure of the CSX2 platforms, the Products and Services Agreement (PSA) with Telstra was no longer required. While FirstWave had previously advised this agreement would expire on June 30, 2025, it has now been extended for a further two months, with the additional (not material) revenue expected to be received in the new (FY26) financial year. The ending of the PSA agreement and the new SIG agreement means that the total value of services provided to Telstra under these agreements in FY26 will be approximately $0.6M, compared to $1.75M in FY25, which is in line with management expectations. The loss to gross profit from the ending of the PSA agreement and the reduction in the SIG agreement will be offset by cost savings, resulting in a positive impact on the bottom line. The new agreements also provide greater certainty to manage the business moving forward, following a period of change and restructure within Telstra. While the Telstra relationship remains important, over recent years FirstWave has diversified its revenue streams and is no longer as reliant on Telstra as it has historically been. The company continues to see several strong growth opportunities for its CyberCision platform, including the recently announced partnership with Amazon Web Services (AWS) and Corent Technology to launch FirstWave software solutions on the AWS Marketplace.

The company continues to see several strong growth opportunities for its CyberCision platform, including the recently announced partnership with Amazon Web Services (AWS) and Corent Technology to launch FirstWave software solutions on the AWS Marketplace. This collaboration aims to expand FirstWave's reach by leveraging the AWS Marketplace to streamline the distribution of its products and make them accessible to a wider global audience and through a variety of AWS partners.