Quarterly Activities/Appendix 4C Cash Flow Report

• Appointment of new CEO Ben Taverner with extensive sports and entertainment industry experience
• Signed new customer Brown University, first Ivy League college client
• Expanded partnership with Fujitsu to develop AI-powered video solutions
• Launched new product Captivate for personalized viewer engagement

Linius Technologies Limited (ASX:LNU) has provided its Quarterly Activities Report and Appendix 4C for the quarter ending 31 December 2024. Key highlights include the appointment of a new Chief Executive Officer, Ben Taverner, who has an extensive track record within leading international sports organizations and technology providers. The company also signed a new customer, Brown University, its third client in the US College Sports Market and the first customer in NCAA Division 1. The agreement is for an initial 3-year term and includes an annual license fee and several expansion opportunities across Brown. Linius also signed and progressed a strategic partnership agreement with Fujitsu, a multi-national information and communications technology equipment and services corporation, to combine Linius products with Fujitsu's AI products. Additionally, the company launched a new product called Captivate, a personalized and socially-centred viewer engagement solution targeted to broadcasters and sports federations, which has created multiple opportunities now in the late stages of the sales cycle in the much larger broadcast market and is driving bigger deal sizes with sports federations and other rights holders through significant increases in the volume of video streamed.

Linius expects a substantial increase in recurring revenue in FY25 and a pull-through increase in revenue from Whizzard and Whizzard Highlights due to the launch of the new Captivate product.

With the appointment of the new CEO, strong reference customers, a strong pipeline, and strategic partnerships for scale, Linius is poised for substantial growth in FY25 towards profitability.