Interim Results

2 February 2026

CAP-XX Limited

("CAP-XX" or "the Company")

Unaudited interim results for the period ended 31 Dec 2025

CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, is pleased to announce its unaudited interim results for the period ended 31 Dec 2025.

Unaudited interim results for the period ended 31 Dec 2025 ("H1 FY26"):

· Total revenue of A$2.6m (H1 FY25: A$2.4m), an increase of 9%.

· Bookings of A$3.4m (H1 FY25: A$2.6m), an increase YoY of 31%.

· Billings of A$2.6m (H1 FY25: A$2.3m), an increase YoY of 14%.

· Backlog of A$2.8m (H1 FY25: A$1.2m), an increase YoY of 132%.

· Loss after tax of A$1.5m (H1 FY25: A$1.7m), an improvement of 9%.

· EBITDA loss of A$1.1m (H1 FY25: A$1.2m), an improvement of 7%.

· Cash at bank on 31 Dec 2025 was A$2.9m (H1 FY25: A$4.2m).

· Trade debtors exceeded trade creditors by A$0.3m.

· The company is debt-free.

· Strong operational improvements, including the integration of Datapel WMS & Pipeliner CRM with MYOB.

CAP-XX CEO Lars Stegmann commented: "In the first half of FY26 we made solid progress focusing on operations and execution. While the 9% revenue increase shows steady growth the real story lies in the 31% surge in bookings and our significant A$2.8m order backlog which we are currently delivering. This is a clear signal that we are experiencing strong market pull.

By integrating Datapel and Pipeliner directly into our MYOB core, we've eliminated the operational silos that slow down most technology companies. This makes us more effective at turning sales into sustainable revenue.

Our entire operational focus is directed towards becoming cash flow positive. Every operational improvement and efficiency gain that we implemented in the period is a deliberate step towards this milestone. We are running a lean, debt-free company that currently maintains a healthy cash runway and a strong orderbook."

For further information, please contact:

CAP-XX Limited

Dr Graham Cooley (Chairman) +61 (2) 9157 0000

Lars Stegmann (Chief Executive Officer)

Allenby Capital (Nominated Adviser and Broker)

David Hart/Piers Shimwell (Corporate Finance) +44 (0) 20 3328 5656

Jos Pinnington/Tony Quirke (Sales and Corporate Broking)

Notes to Editors:

CAP-XX (LSE: CPX) is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high-power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics and deliver similar benefits in automotive and other transportation applications.

For more information about CAP-XX, visit www.cap-xx.com

CAP-XX Limited

31 December 2025

Business Review

Review of Operations and Activities

During the half-year ended 31 December 2025 ("H1 FY26"), CAP-XX Limited accelerated its transformation into a more disciplined, transparent, and scalable enterprise. The Group remained firmly focused on advancing its core supercapacitor technology platform while materially enhancing execution across manufacturing, inventory optimisation, and financial governance to support sustainable long-term growth.

Operational performance and systems enhancement

In recent years, CAP-XX has invested in the implementation and integration of enhanced enterprise systems across its operations, including warehouse management, customer relationship management and accounting platforms. These systems are now fully embedded across the Group's manufacturing and supply-chain activities and provide management with significantly improved transparency and real-time visibility over production throughput, inventory levels, and financial performance.

The enhanced systems environment enables the Group to more efficiently monitor stock positions, review production yields, and accurately determine inventory requirements across its manufacturing footprint. This improved visibility has supported more informed decision-making, reduced manual intervention, and strengthened internal controls across production planning and procurement.

As a result, the Group has achieved improvements in cost allocation accuracy, with clearer attribution of manufacturing, logistics and overhead costs across products and projects. These improvements are contributing to better cost discipline, enhanced margin analysis, and more reliable financial reporting, positioning CAP-XX to support future growth as sales volumes scale.

Commercial activity

Revenues for H1 FY26 increased to A$2.63 million (H1 FY25: A$2.42 million) reflecting continued demand for the Group's supercapacitor products despite challenging global market conditions.

During the half-year, the Group continued to build momentum with its global distribution partners and strategic customers, with some of these relationships only commencing in H1 FY25. The breadth and progress with these partners and customers have driven significant progress in CAP-XX's bookings and backlog which will convert into enhanced revenues in due course. The strengthened operational platform supports the Company's ability to service customers efficiently while maintaining quality and delivery standards.

Financial performance

The Group recorded a net loss after tax of A$1.53 million for H1 FY26 (H1 FY25: loss of A$1.69 million). EBITDA loss improved to A$1.13 million (H1 FY25: loss of A$1.21 million), reflecting tighter cost control and benefits from improved operational efficiency.

The balance sheet remains sound, with cash and cash equivalents of A$2.92 million at period end. The Board continues to closely monitor liquidity and expenditure, ensuring capital is deployed prudently to support operational priorities and growth initiatives.

A reconciliation of the loss attributable to the owners of CAP-XX Limited as reported in the consolidated statement of profit or loss through to EBITDA is tabled below:

Note - Certain financial information in the Business Review section of this report references Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) which have been derived from the unaudited financial statements. EBITDA positions are non-IFRS financial information used by the Directors and Management to assess the underlying performance of the business.

Outlook

Over the last six half year periods, revenues at CAP-XX have improved and losses reduced. The Group enters the second half of FY26 with a further strengthened operational foundation, underpinned by improved systems, enhanced production visibility, and more robust financial controls. The Board remains focused on leveraging this platform to drive further efficiency gains, improve margins, and convert the growing commercial pipeline into sustainable revenue growth.

CAP-XX Limited

Consolidated statement of profit or loss and other comprehensive income

For the half-year ended 31 December 2025

CAP-XX Limited

Consolidated statement of financial position

As at 31 December 2025

CAP-XX Limited

Consolidated statement of changes in equity

For the half-year ended 31 December 2025

CAP-XX Limited

Consolidated statement of cash flows

For the half-year ended 31 December 2025

This general purpose interim financial report, for the half-year reporting period ended 31 December 2025, has been prepared in accordance with Australian equivalents to International Financial Reporting Standards (AIFRSs), other authoritative pronouncements of the Australian Accounting Standards Board, Urgent Issues Group Interpretations and the Corporations Act 2001. This general purpose interim financial report, for the half-year reporting period ended 31 December 2025, is unaudited.