• Secured $1.4M capital raising from professional investors
• Received milestone-based Victorian Government Grant Agreement
• Expanded commercial momentum in retail, universities, and defence sectors
• Enhanced manufacturing capability and engineering resources
• Achieved significant progress towards Milestone 1 under Victorian Government Commercialisation Program

HITIQ Ltd reported significant progress in the June 2026 quarter, securing approximately $1.4 million through a two-tranche placement to professional and sophisticated investors. The capital raising significantly strengthens the Company's balance sheet, providing additional working capital to accelerate commercialisation, support manufacturing expansion and execute the FY27 growth strategy. The Company also executed a milestone-based Victorian Government Grant Agreement providing non-dilutive funding to support the expansion of HITIQ's Victorian headquarters, advanced manufacturing capability, engineering resources, research and development activities, and global commercial growth. Commercial execution continued to build across retail, direct-to-consumer, universities, community sport and elite sporting organisations, while further developing strategic opportunities across defence, research and institutional markets.

The Company enters FY27 with improved financial position following completion of the capital raise and an expanding commercial opportunity set. Key priorities include accelerating sales growth across Australia, progressing defence opportunities here and abroad and university opportunities, increasing international market penetration, expanding Victorian manufacturing capability and improving gross margins through continued supply chain optimisation.