Quarterly Activities/Appendix 4C Cash Flow Report

• $6.75 million capital raise commenced on 23 September 2024
• 45.5% growth in operating revenue to $18.7 million YTD
• 89.0% growth in brokerage revenue to $15.21 million YTD

Halo Technologies Holdings Ltd (ASX: HAL) has reported strong financial and operational results for the quarter and year-to-date ended 31 December 2024. The company commenced a $6.75 million capital raise via the issue of convertible notes on 23 September 2024, of which $3.6 million has been raised so far. HALO has continued to invest in progressing its growth strategy, resulting in a 48.8% increase in average Funds Under Management (FUM) to $425.5 million for the full year 2024 compared to the prior corresponding period. This growth in FUM has driven a 45.5% increase in operating revenue to $18.7 million YTD, and a 89.0% increase in brokerage revenue to $15.21 million YTD. Total revenue and other income (gross revenue) increased by 33.7% to $19.0 million over the prior corresponding period. Total operating expenses of $16.3 million YTD were impacted by the continued investment in the UK operations of $5.5 million. HALO's UK subsidiary, Halo Invest, was formally launched in December 2023 and the HALO Global Equity Research platform commenced a pilot period in the UK on 4 November 2024. The HALO Wealth Management Platform is planned for release in the coming months, focusing on advisor and direct-to-consumer auto-investing in model portfolios of listed securities and unlisted products.

HALO continues to show strong growth in funds under management and brokerage revenue. Going forward, HALO will continue its strategic initiatives to grow its B2B network and subscriber base in Australia and to invest in the growth of HALO Invest as it launches its business activities in the UK.