Quarterly Report - Q1 CY2025

• Recorded total cash receipts of A$0.109 million, lower than prior quarters due to seasonality
• Received initial payments of A$0.237 million from divestment of interests in investee companies
• Made A$0.232 million of loans to various investee companies

Fatfish Group Ltd ('Fatfish' or the 'Company') provided an update on its activities for the quarterly period ended 31 March 2025 (Q1 CY2025 or the Quarter). During the Quarter, the Company recorded total cash receipts from customers of A$0.109 million, which was lower than prior quarters primarily due to seasonality. The Company recorded total operational expenses of A$0.353 million, which comprised ordinary administrative, corporate, staff, and marketing expenses. The Company received initial payments from the divestment by its subsidiary ASEAN Fintech Group of interests in investee companies SF Direct Sdn Bhd and Fatberry (Thailand) Limited, resulting in proceeds of A$0.237 million (before reduction in consolidated cash as a result of the de-consolidation) of a total A$1.27 million to be received from these divestments. The Company also made A$0.232 million of loans to various investee companies which are not consolidated entities within the group. Additionally, the Company made a A$0.5 million repayment of borrowings in relation to the Arena Investors LP financing arrangements. The Company continued to advance AI Gaming Pte Ltd (AIGC), in which Fatfish holds a 49% interest, with AIGC achieving CY2024 revenue of approximately A$900,000. The Company also referred to its prior announcements regarding the improper conduct of a previous external Australian financial consultant, confirming that there have been no subsequent such receipts beyond this Quarter.