• Agreement with Resi Ventures to offer X2M Smart Energy to 1,000-lot McMahon's Place estate
• Non-binding MoU to expand Smart Energy to ~4,000 additional lots in Victoria and Queensland
• Integrated energy offering including upgraded solar, home energy management, and community battery

X2M Connect Limited (ASX: X2M) has entered into a Smart Community Agreement with Echuca McMahon Pty Ltd, a subsidiary of Resi Ventures Pty Ltd, to deploy its X2M Smart Energy solution at the McMahon's Place estate in Echuca, Victoria. The agreement follows the commencement of infrastructure construction in McMahon's Place in September 2025. Under the agreement, the X2M Smart Energy solution will be offered to purchasers across the 1,000-lot McMahon's Place estate, with a further pipeline of homes expected to be delivered in the near term. The solution comprises an integrated energy offering including upgraded solar, a home energy management system, access to a community battery (subject to regulatory approvals), and integrated financing support. X2M estimates a revenue opportunity of approximately $2 million if there is full adoption across the estate. In addition, X2M has signed a non-binding MoU with Resi Ventures to expand the X2M Smart Energy solution across ten more estates with ~ 4,000 additional lots in Victoria and Queensland. This agreement represents a significant step forward in X2M's aspiration to become a leader in smart cities technologies and next-generation infrastructure, embedding its platform into a new residential development to deliver improved sustainability, energy efficiency, and cost savings for residents.

If there is full adoption across the 1,000-lot McMahon's Place estate, X2M estimates a revenue opportunity of approximately $2 million, over a period defined by the rate of lots purchased and homes built, with additional upside potential from future community battery deployment.

X2M is well positioned to capture the growing demand for smart community solutions, with the ability to deploy its scalable model across Australia's expanding residential development pipeline. The company is working on building a significant pipeline of further smart community opportunities across a number of countries.