Board Change • Jul 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director David Wheeler is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Jul 13
Cycliq Group Limited Announces Board Changes Cycliq Group Limited announced, effective July 13, 2026, the appointment of Mr. Ariel (Eddie) King as Non-Executive Director of Cycliq. Mr. King replaced Mr. Gareth Jakeman, who resigned due to a serious family medical issue. Mr. King holds a Bachelor of Commerce and Bachelor of Engineering (Mining Systems) from The University of Western Australia. Mr. King’s experience includes being a manager for an investment banking firm, where he specialised in providing corporate advisory services for micro-cap ASX-listed companies. Mr. King is also a director of CPS Capital Group, one of Australia’s most active stockbroking and corporate advisory firms specialising in small to medium high growth companies. He is currently on the board of Ragnar Metals Limited, Eastern Resources Limited, M3 Mining Limited (M3M), Noble Helium Limited (NHE), Great Northern Minerals Limited (GNM), Bindi Metals Limited (BIM), Queensland Pacific Limited (QPM), Westar Resources Limited (WSR) and Rubix Resources Limited. Tillkännagivande • Oct 14
Cycliq Group Limited Announces Resignation of Andrew Cotterill as Director, Effective from 14 October 2025 Cycliq advised that Mr. Andrew Cotterill has resigned from the position of Non-Executive Director effective 14 October 2025, to focus on his other business interests and directorships. The Board thanks Mr. Cotterill for his significant contribution to the Company him all the best with his future endeavours. Tillkännagivande • Sep 30
Cycliq Group Limited, Annual General Meeting, Nov 25, 2025 Cycliq Group Limited, Annual General Meeting, Nov 25, 2025. New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$107k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$107k). Market cap is less than US$10m (AU$2.76m market cap, or US$1.81m). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (AU$4.8m revenue, or US$3.1m). Reported Earnings • Aug 31
Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2024) Full year 2025 results: AU$0.001 loss per share (improved from AU$0.003 loss in FY 2024). Revenue: AU$4.78m (up 3.8% from FY 2024). Net loss: AU$553.0k (loss narrowed 40% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Aug 18
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director David Wheeler is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Dec 19
Cycliq Group Limited Appoints Adam Osseiran to Advisory Board Cycliq Group Limited announced Adam Osseiran as the first appointment to Advisory Board. Adjunct Professor at the University of Western Australia, Adam was recently the Chair of Brainchip Holdings Limited' Scientific Advisory Committee (Jan 2020 to August 2024) and present member of the Beemotion.AI Advisory Board. Adam is also the Co-Founder and Director of Innovate Australia, a not-for-profit organisation responsible for the promotion of innovation in Australia. Adam's knowledge of Neuromorphic Computing and the Hardware components of Edge AI will help Cycliq in the design of vision applications both in-camera and via control box modules that can elevate the features of current products and expand use cases across and beyond cycling. The appointment of Adam Osseiran to Advisory Board, a former Board member of Brainchip Holdings Ltd. and considered a thought leader in Edge AI via Neuromorphic computing chipsets; is a significant coup and a demonstration that the company has a sound first principles approach in implementing AI into the Camera. Tillkännagivande • Nov 21
Cycliq Announces Board Changes Cycliq announced the appointment of Mr. Andrew Cotterill and Mr. Gareth Jakeman as Non-Executive Directors at 21 November 2024 Annual General Meeting. The appointment coincides with the resignation of Mr. Chris Mews, who will step down from the board. Andrew is an experienced Executive and Director who specialises in building and scaling fast- growth organisations. He brings a practical understanding of how to build, integrate and commercialise technology across a number of different industries and a detailed understanding of the organisational capability required to deliver products and services in line with customer expectations. Andrew's executive experience comes from senior roles building the businesses of Eagle Boys Pizza, National Tiles and Foundation Education/Australian Institute of Personal Trainers, where he was involved in designing and building the go to market strategies for each brand. More recently, Andrew has led, as Managing Director, a ground-up redesign of process flows, design, and build of the OnDeed technology platform which redefined industry best practice in services to institutional owners and managers of property. Mr. Gareth Jakeman: Gareth is an experienced Director who specialises in strategy execution for tech enabled enterprises. He brings the knowledge acquired from owning and operating a successful diversified Financial Services and Accounting business since 2004 as well as experience as a Director, Advisory Board or Adviser to companies in Financial Technology, Agricultural Technology, Artificial Intelligence, Construction and Digital Infrastructure. Gareth's experience will complement the financial and risk management experience on the board while providing specific practical experience gained from investing, operating and advising across a number of different industries, including Technology and Artificial Intelligence via Territory Funds Management, which participated in the latest placement and is also an investor in BeEmotion. Furthermore, Cycliq advises that Mr. Chris Mews has resigned from the position of Non- Executive Director effective 21 November 2024, to focus on his other business interests and directorships. Tillkännagivande • Sep 09
Cycliq Group Limited, Annual General Meeting, Nov 21, 2024 Cycliq Group Limited, Annual General Meeting, Nov 21, 2024. New Risk • Sep 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$12k). Market cap is less than US$10m (AU$2.23m market cap, or US$1.49m). Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$4.6m revenue, or US$3.1m). New Risk • Aug 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$404k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$404k free cash flow). Shares are highly illiquid. Negative equity (-AU$12k). Market cap is less than US$10m (AU$1.07m market cap, or US$710.5k). Minor Risks Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Revenue is less than US$5m (AU$4.6m revenue, or US$3.1m). Board Change • Feb 23
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director David Wheeler is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director David Wheeler is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 14
Cycliq Group Limited, Annual General Meeting, Nov 21, 2023 Cycliq Group Limited, Annual General Meeting, Nov 21, 2023. Agenda: To consider the e re-election of Directors. Reported Earnings • Aug 23
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (improved from AU$0.002 loss in FY 2022). Revenue: AU$5.24m (up 12% from FY 2022). Net loss: AU$446.3k (loss narrowed 46% from FY 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 60% per year, which means it is significantly lagging earnings. New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Market cap is less than US$10m (AU$2.15m market cap, or US$1.37m). Minor Risks Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Revenue is less than US$5m (AU$4.6m revenue, or US$3.0m). Board Change • Aug 10
High number of new directors Independent Non-Executive Director Chris Mews was the last director to join the board, commencing their role in 2021. Board Change • Jun 07
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 10
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 24
Cycliq Group Limited Appoints Carla Healy as Joint Company Secretary Cycliq Group Limited announced the appointment of Mrs. Carla Healy as joint company secretary of the company, effective, 24 January 2023. Mrs. Healy has a Bachelor of Commerce from the University of Western Australia, is a Chartered Accountant, an Associate Member of the Governance Institute and a Member of the Australian Institute of Company Directors. Mrs. Healy provides accounting and secretarial advice to private and public companies and has over 20 years' experience in chartered accounting. Following Mrs. Healy's appointment, both Mr. Tim Slate and Mrs. Carla Healy will act as Joint Company Secretaries. Board Change • Jan 12
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 09
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 25
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 19
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Chairman Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Full year 2022 earnings released: AU$0.002 loss per share (vs AU$0.017 loss in FY 2021) Full year 2022 results: AU$0.002 loss per share (up from AU$0.017 loss in FY 2021). Revenue: AU$4.70m (up 31% from FY 2021). Net loss: AU$829.1k (loss narrowed 74% from FY 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Aug 11
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 27
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 25
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 26
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non Executive Director Xavier Jean Kris is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
Full year 2021 earnings released: AU$0.017 loss per share (vs AU$0.009 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$3.58m (down 7.6% from FY 2020). Net loss: AU$3.22m (loss widened 125% from FY 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Full year 2021 earnings released: AU$0.001 loss per share (vs AU$0.017 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: AU$3.58m (down 7.6% from FY 2020). Net loss: AU$3.22m (loss widened 125% from FY 2020). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Executive Departure • Aug 10
Chief Financial Officer John Bell has left the company On the 2nd of August, John Bell's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under John's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Aug 10
Company Secretary Arron De Canicais has left the company On the 2nd of August, Arron De Canicais' tenure as Company Secretary ended after 4.4 years in the role. We don't have any record of a personal shareholding under Arron De's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 17
Non-Executive Director Daniel Kennedy has left the company On the 11th of June, Daniel Kennedy's tenure as Non-Executive Director ended after 2.1 years in the role. As of March 2021, Daniel still personally held 176.90m shares (AU$177k worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Mar 10
Consultant has left the company On the 8th of March, Ben Hammond's tenure as Consultant ended after less than a year in the role. As of December 2020, Ben personally held 74.14m shares (AU$222k worth at the time). A total of 5 executives have left over the last 12 months. Executive Departure • Mar 10
Consultant has left the company On the 8th of March, Paul Claessen's tenure as Consultant ended after less than a year in the role. As of December 2020, Paul personally held 24.35m shares (AU$73k worth at the time). A total of 5 executives have left over the last 12 months. Executive Departure • Feb 12
Chief Marketing Officer has left the company On the 8th of February, Ben Hammond's tenure as Chief Marketing Officer ended after less than a year in the role. As of September 2020, Ben personally held 74.14m shares (AU$222k worth at the time). A total of 5 executives have left over the last 12 months. Executive Departure • Feb 12
Chief Sales Officer has left the company On the 8th of February, Paul Claessen's tenure as Chief Sales Officer ended after less than a year in the role. As of September 2020, Paul personally held 24.35m shares (AU$73k worth at the time). A total of 5 executives have left over the last 12 months. 
