• Significant licence renewals from major clients including Telstra, Solarus, Services Australia, and Macquarie Cloud
• Licensing of NMIS v9 technology to Claro Dominican Republic
• New partnership with AWS and Ingram Micro to launch FirstWave products on AWS marketplace
• Restructure of operations to streamline execution and enhance responsiveness to customer needs

FirstWave Cloud Technology Limited (ASX:FCT), a global cybersecurity and network management company, has released its Activity Report and Appendix 4C for the fourth quarter of FY25 ended 30 June 2025. The quarter saw a number of significant licence renewals from major clients, including Telstra, Solarus, Services Australia, and Macquarie Cloud. The company also announced the licensing of its NMIS v9 technology to Claro Dominican Republic, further expanding the use of FirstWave technology. In addition, FirstWave struck a new partnership with AWS and Ingram Micro to launch its products, including CyberCision, on the AWS marketplace. Funding has been provided by Ingram Micro and AWS to support the launch and marketing of these products. During the quarter, FirstWave undertook a restructure of its operations, lowering the company's headcount by approximately 8 FTE. The new structure will see the company operate with four core divisions, each aligned to its strategic priorities and revenue streams: Engineering, Sales, Products and Marketing, and Commercial (Corporate and Finance). Financially, the company reported a cash position of $0.27 million at the end of the quarter, down from $0.55 million in the previous quarter. Revenue for the quarter was $2.08 million, down 3% quarter-on-quarter, primarily due to previously disclosed churn from Telstra. Annualised Recurring Revenue (ARR) stood at $7.78 million, down 2% quarter-on-quarter, in line with the revenue reduction from Telstra. Gross Profit in Q4 was $1.92 million, down 1% quarter-on-quarter, with a margin improvement of 1 percentage point to 92%. The company's 12-month average normalised cash usage, excluding any new sales, was calculated at $195,000 per month, an improvement from the previous quarter's $220,000 per month. The company continues to work to service and grow recurring revenues with current customers while pursuing its new path of AI-powered compliance management, leading the way to monetise the significant base of organisations using its Open-AudIT product.

The company has scheduled an update on FY25 Q4 performance via Teleconference at 9.30am (AEDT) Wednesday 6 August 2025. Recent positive renewal and uplift announcements, and other orders received in the last 60 days, are due to generate over $2 million of cash inflows in August.

The new financial year has been marked by a change in the company's board of directors, with the appointment of David Garnier and Roger Buckeridge to work with CEO Danny Maher to pursue a strong business growth trajectory, marked by seizing opportunities within a sophisticated risk management process. The board will examine inorganic as well as organic growth opportunities and continues to consider all available options, with a priority on increased sales, to de-risk growth plans.