Announcement PDF ABN 84 149 796 332 ASX CODE: IOV ION Video Limited ASX CODE: IOV Total liabilities reduced from $2.8m (30 Jun 25) to $561k as of 31 Dec 25 Exit from legacy bespoke contracts not aligned with strategy, providing a net annual saving of $1.3m Cash burn is currently $180k per month Fully Funded until Apr – Jun 2027 100 – 1 share consolidation completed Further cost controls and balance sheet enhancements being undertaken Net Asset positive position for the first time since December 2023 1 2 3 4 5 6 7 ASX CODE: IOV Strategic Reset & Repositioning Leadership & Governance Transformation Technology Stabilisation Market Narrative & Positioning Relaunch, Rebrand & Technology Showcase Corporate Restructuring & Cost Discipline Shareholder Communication & Transparency ASX CODE: IOV MISSION STATEMENT Building the foundation for Video Superintelligence in the AI era CORE MANAGEMENT VALUES Discipline, Transparency, Execution ASX CODE: IOV Technology Evolution Build Awareness Through Validation Commercialisation Develop and Enhance the IP ASX CODE: IOV 1 Perform a thorough strategic evaluation of the existing patent portfolio to uncover opportunities for improvement in line with current market conditions 2 Develop patents that will allow ION to own the access control layer for resolving references to virtual video. 3 Consolidate the directives regarding data sovereignty and the security of transactions. 4 Safeguard the Intellectual Property for a minimum of 15 years Develop and Enhance the IP ASX CODE: IOV Our Technology is not a product. It is an enabling Infrastructure. The technology will continue to evolve in direct response to three critical inputs: • Feedback from validation partners, • Requirements from independent testing bodies, and • Insights from commercial conversations with global players. Stage 1 is to transform ION from a compelling prototype into an online-accessible, production-grade virtualised video intelligence platform with a dynamic, commercially relevant showcase. Technology Evolution ASX CODE: IOV 1 Legal validation of the patents 4 Technical and real-world scalability test of Patents 2 Freedom to operate 3 Commercial viability 5 Independent testing by globally recognised bodies Build Awareness Through Validation ASX CODE: IOV Engagement with Global Partners and Institutions Entered discussions with global technology platforms and hyperscalers about the role of virtual video enabling infrastructure in their AI strategies Independent Lab Trials with Agreed Licensing Terms ION’s licensing model is based on enablement value: the measurable economic benefit that our enabling infrastructure provides to the partner Commercialisation A Formula for Success www.ion.video INFRASTRUCTURE EXAMPLES Lesson A narrow technical innovation can become a global mandatory standard. Spatial audio encoding Psychoacoustic signal processing www.ion.video INFRASTRUCTURE EXAMPLES Lesson A single protocol can underpin entire industries when protected, licensed, and evangelised. Protocol became the backbone of 2G, 3G CDMA radio technology www.ion.video INFRASTRUCTURE EXAMPLES Lesson One clean enabling surface (API) can power thousands of customer use cases. One API that made accepting payments absurdly simple Developer-first payments API www.ion.video INFRASTRUCTURE EXAMPLES Lesson When you nail the foundational layer, the entire digital economy builds on top. Elastic compute and storage as a utility Elastic cloud infrastructure www.ion.video INFRASTRUCTURE EXAMPLES Lesson Win a niche with focus before expanding. Frictionless online store builder for small merchants. Simple merchant storefronts www.ion.video Each of these companies succeeded because they: Identified a tiny but transformational enabling technology A protocol, a codec, an API, an architecture, a kernel. Refused to dilute focus They avoided custom builds for every potential customer. Evangelised the value of the underlying innovation They positioned themselves as the infrastructure others build on. Let the ecosystem do the scaling Partners and customers created the use cases. The company protected and advanced the core. Turned their IP into a non-negotiable standard Once central to the industry, the rest of the value falls into place. www.ion.video ION has achieved a great deal in the past seven months. The relaunch on 9 February 2026 made the technology real for the market. The next phase marks the beginning of the commercialisation phase. The Board and management are confident that over the coming months, shareholders will see a significant step forward in ION's journey from transformation to commercialisation. www.ion.video ✓ The Patents Are Strong ✓ The Validation Is Underway ✓ The Partnerships Are Within Reach