• Sale of Votiro business to Menlo Security for cash and shares
• Senetas segment revenue of $19.3 million, below FY2024
• Strong cash position and record high future sales pipeline

Senetas Corporation Ltd held its 2025 Annual General Meeting, with the Chairman and CEO providing updates on the company's performance and outlook. Key highlights include the successful sale of the Votiro business to Menlo Security Inc. in February 2025 for cash and shares, which has strengthened Senetas's financial position. The Senetas segment reported revenue of $19.3 million in FY2025, in line with expectations but below the prior year, due to factors such as disruption to the sales team at its global distribution partner and customer budget restraints. However, Senetas finished the year with a strong, profitable and cash generative outlook, $11.6 million in cash, and a record high future sales pipeline. The company is focused on expanding its addressable market through initiatives such as security certifications, geographic expansion, product development, and implementing sovereign encryption capabilities. While some new development projects are unlikely to provide significant near-term revenue, they represent opportunities to broaden the company's revenue base over time. The strong cash position and further cash expected from the Votiro sale proceeds provide the board flexibility to consider ongoing capital management activities.

Senetas expects that the Senetas operating business revenue and profit will grow in FY2026 off the back of higher sales and increased focus on key growth markets.

Senetas is focused on expanding its addressable market through initiatives such as security certifications, geographic expansion, product development, and implementing sovereign encryption capabilities. The company's strong cash position and further cash expected from the Votiro sale proceeds provide flexibility to consider ongoing capital management activities.