Quarterly Activities/Appendix 4C Cash Flow Report

• Second customer begins silicon validation, targeting production in CY 2027
• onsemi starts qualification, continued progress with DB HiTek and Texas Instruments
• Agreements with two new AI customers for in-memory computing exploration
• Positive analysis results for Weebit ReRAM in next-generation AI computing
• Customer cash receipts of $6.1 million, strong balance sheet with $164.2 million

Weebit Nano Ltd. has released its Q1 FY27 activities report, highlighting progress in the commercialization of its ReRAM technology. A second existing customer has begun silicon validation, with initial results indicating successful software operation from integrated ReRAM. This milestone positions the company closer to mass production, with the customer targeting production within calendar year 2027. Additionally, onsemi has initiated qualification, and Weebit continues to collaborate with DB HiTek and Texas Instruments. The company also signed agreements with two new AI customers to explore in-memory computing applications, achieving a key target for calendar year 2026. Positive analysis results from an AI customer indicate significant potential for Weebit's ReRAM in next-generation AI computing. The company reported customer cash receipts of $6.1 million for the quarter and maintains a strong balance sheet with a closing cash balance of $164.2 million.

Weebit Nano reaffirms revenue guidance of at least A$7.1 million for H1 FY27

Weebit Nano anticipates continued progress in commercializing its ReRAM technology, with ongoing collaborations and validation efforts expected to advance towards mass production.