Quarterly Activities/Appendix 4C Cash Flow Report

• Q1'26 sales of $10.5m, highest since Q4'23
• Q1'26 EBITDA of $0.25m, first positive quarter since Q4'22
• Sales momentum continues into Q2'26, expected to exceed Q1

Atomos Limited (ASX:AMS) has released its Appendix 4C and Quarterly Activities Report for the three-month period ended 30 September 2025 (Q1 FY26), along with an update on notable events. The company reported Q1'26 sales of $10.5m, up 11% on the prior corresponding period and the highest quarterly sales since Q4'23. This was driven by strong demand for the company's flagship Ninja and Shinobi products. Atomos also achieved its first EBITDA positive quarter since Q4'22, reporting $0.25m in EBITDA. Q1'26 cash receipts were $8.4m, impacted by the timing of sales, with cash to be collected in October. The company maintained robust cost controls, with Q1'26 cash expenses of $9.5m, including the finalisation of several legacy payment plans, onerous contracts, and other one-off expenses. This resulted in a net operating cash outflow of $1.1m. Atomos drew down a further $1.0m from its existing debt facility during the quarter, bringing the total drawn to $14.7m. The company highlighted key operational updates, including the launch of the new Ninja TX and Shinobi 7 RX models, and the announcement by Blackmagic Design that its DaVinci Resolve software would natively support ProRes RAW files. Looking ahead, Atomos stated that sales momentum has continued into Q2'26, and based on current forward orders, Q2'26 sales are expected to exceed Q1'26, with EBITDA profitability being maintained.

Based on current forward orders, Q2'26 sales are expected to exceed Q1'26 with EBITDA profitability being maintained.

Sales momentum has continued into Q2'26, and the company is confident, excluding any major unforeseen US tariff changes, in its ability to outperform the Q1 result.