• 1H 2025 revenue expected to be $40-45 million
• Includes $12 million of previously constrained revenue
• Expects to receive $60 million cash from customer in the Middle East
• Full year 2025 revenue heavily biased to second half

Electro Optic Systems Holdings Limited ('EOS') (ASX:EOS) today announces that it expects its 1H 2025 revenue to be approximately $40 to 45 million. Included in the $40m to $45m 1H revenue is US$8m (approximately A$12m) of previously constrained revenue. The recognition of this revenue in 1H reflects the finalisation of a longstanding contract with a customer in the Middle East. As part of the agreement finalising this contract, the company expects to receive a total of approximately US$40 million (approximately A$60 million) in cash from the customer in the near future. As previously announced, EOS currently expects full year 2025 revenue to be heavily biased to the second half. The contract backlog of work secured under unconditional contracts is currently approximately $170 million, an increase of $34 million on the contract backlog of $136 million at 31 December 2024. EOS' primary focus is on growing the contract backlog further by securing new sales contracts, with market conditions remaining strong and recent conflicts demonstrating the need for EOS' products. The company continues to work on a range of sales opportunities, with some in advanced stages of negotiation.

EOS expects full year 2025 revenue to be heavily biased to the second half, with the benefit of 2025 work performed under the current contract backlog of approximately $170 million and new contracts expected to be signed prior to 31 December 2025.