BrilliA Reports Positive Operating Cash Flow and Cost Reduction for the Six Months Ended September 30, 2025

BrilliA Reports Positive Operating Cash Flow and Cost Reduction for the Six Months Ended September 30, 2025 BrilliA Inc. (NYSE American: BRIA) (“BrilliA” or “the Company”), a comprehensive one-stop service and solution provider for ladies’ intimate apparel brands worldwide, today announced its financial results for the six months ended September 30, 2025. Comments from Kendrew Hartanto, Chief Executive Officer of BrilliA “BrilliA operated in a challenging global trade environment during the first six months ended September 30. The introduction of new tariff measures affecting exports to the United States created uncertainty across the apparel supply chain. In response, we maintained pricing discipline and made the strategic decision not to accept orders that would have required the Company to absorb the full tariff burden. While this impacted near-term revenue, we believe it was the right decision to protect margins and long-term shareholder value.” “Despite these headwinds, we reduced costs of goods sold and continued to improve cost efficiency across our operations. Our focus on disciplined inventory management, manufacturing efficiency, and supply chain optimization enabled us to deliver positive cash flow and strengthen our financial position during the period.” “Looking ahead, we remain focused on expanding our B2B export business selectively in North America while increasing our presence in other international markets. At the same time, we are accelerating our branding strategy, including the continued development of our DIANA lingerie brand and potential brand acquisitions and licensing opportunities. We are also excited about the opportunity to diversify our revenue streams and improve production capacity utilization across Asia through our collaboration with Ai Sakura, which is enabling us to enter Japan’s higher-margin athleisure market in the second half of 2026. While U.S. tariff-related effects and macroeconomic uncertainty will continue to weigh on our performance in the near-term, we believe the combination of these initiatives will position BrilliA to return to growth and expand our revenue across Indonesia, Malaysia, Singapore, and the broader ASEAN region.” Six Months Ended September 30, 2025 Results BrilliA reported revenue of $24.6 million, compared to $27.4 million in the same period of 2024, a decrease of 10.3%. The revenue decline was primarily due to a 13.5% drop in North American export sales, or approximately $3.2 million. This was partially offset by growth in the Asia-Pacific region, which increased by about $0.4 million. The revenue performance was impacted by disruption to global garment trade flows arising from the introduction of broad-based U.S. tariff measures in April 2025, including a reciprocal tariff on goods of Indonesian origin, which materially affected buyer confidence, order timing, and pricing dynamics across the industry during the period. As a company that engages Indonesian contract manufacturers to produce goods for sale to customers in the United States, BrilliA was directly exposed to these pressures. Despite the revenue headwinds, the Company generated positive operating cash flow of $2.1 million, a significant turnaround from the $0.2 million cash outflow recorded in the same period of 2024. This improvement was supported by a 9.1% reduction in cost of goods sold, reflecting BrilliA’s continued focus on manufacturing efficiency and cost discipline. Gross profit margin was 14.3%, compared to 15.4% in the prior year period, with compression reflecting the broader pricing environment. Net income was $41 thousand, compared to $1.1 million in the prior year period, with the variance primarily driven by gross profit decline and increases in other operating expenses. Cash and cash equivalents at September 30, 2025 were approximately $6.6 million, compared with approximately $7.7 million at March 31, 2025. The movement reflects the payment of a $3.3 million dividend during the period. Total assets at September 30, 2025 were $31.1 million, an increase of 9.5% compared to $28.4 million at March 31, 2025. The Company maintained a current ratio of 1.93x, reflecting a sound liquidity position. About BrilliA BrilliA is a comprehensive one-stop service and solution provider for over 30 ladies' intimate apparel brands worldwide, managing sourcing, design, prototyping, supply chain, logistics, and quality control. The Company works with major international companies, including Fruit of the Loom, Hanes Brands Inc., and H&M. Forward-Looking Statements This press release contains forward-looking statements within the meaning of U.S. federal securities laws. These statements include, but are not limited to, statements regarding BrilliA’s business strategy, market opportunities, future performance, and operational outlook. These forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, but not limited to, global economic conditions, supply chain disruptions, customer demand, pricing pressures, and other factors described in the Company’s filings with the U.S. Securities and Exchange Commission (SEC). BrilliA undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. BrilliA does not guarantee future results and undertakes no obligation to update these statements, except as required by law. Investors are encouraged to review BrilliA’s filings with the U.S. Securities and Exchange Commission (SEC) for additional risk factors. BrilliA Inc. and Its Subsidiaries Unaudited Interim Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income For the Six Months Ended September 30, 2025 Note Predecessor One month from April 1, 2024 to April 30, 2024 (Unaudited)* Successor Five months from May 1, 2024 to September 30, 2024 (Unaudited) Successor Six months ended September 30, 2024 (Unaudited)* Successor Six months ended September 30, 2025 (Unaudited)* USD’000 USD’000 USD’000 USD’000 Revenue 19 4,666 22,758 27,424 24,596 Cost of materials (2,536 ) (12,554 ) (15,090 ) (13,180 ) Contract manufacturers charges (1,245 ) (6,870 ) (8,115 ) (7,901 ) Gross profit 885 3,334 4,219 3,515 Other income 20 7 48 55 89 Depreciation of property, plant and equipment (3 ) (19 ) (23 ) (24 ) Depreciation of right-of-use assets (38 ) (191 ) (229 ) (205 ) Employee benefit expense 21 (216 ) (1,343 ) (1,559 ) (1,518 ) Other expenses 22 (168 ) (862 ) (1,030 ) (1,593 ) Finance costs 23 (12 ) (56 ) (68 ) (49 ) Net gain on impairment of financial assets — 74 74 4 Profit before income taxes 454 985 1,439 219 Income tax expenses 24 (87 ) (220 ) (307 ) (178 ) Profit for the financial period 367 765 1,132 41 Other comprehensive income Items that may be reclassified subsequently to profit or loss Gain on foreign currency translation 41 412 Other comprehensive income, net of tax 41 412 Total comprehensive income for the period 1,173 453 Profit attributable to: Owners of the parent 1,130 41 Non-controlling interest 2 — 1,132 41 Total comprehensive income attributable to: Owners of the parent 1,171 453 Non-controlling interest 2 — 1,173 453 Weighted average number of ordinary shares basic and diluted 25 25,000,000 25,000,000 Earnings per share attributable to ordinary shareholders basic and diluted 25 0.047 0.002 The accompanying notes are an integral part of these unaudited interim consolidated financial statements. BrilliA Inc. and Its Subsidiaries Unaudited Interim Condensed Consolidated Statements of Financial Position As of March 31, 2025 and September 30, 2025 Note As of March 31, 2025 (Audited) As of September 30, 2025 (Unaudited)* USD’000 USD’000 ASSETS Non-current assets Property, plant and equipment, net 4 136 173 Right-of-use assets 5 1,580 1,384 Other investments 6 1,000 1,000 Total non-current assets 2,716 2,557 Current assets Inventories 7 7,281 7,455 Trade and other receivables 8 10,406 14,140 Amounts due from related parties 9 235 332 Income tax recoverable 67 67 Cash and cash equivalents 10 7,703 6,571 Total current assets 25,692 28,565 Total assets 28,408 31,122 LIABILITIES AND EQUITY Non-current liabilities Lease liabilities 11 1,299 1,100 1,299 1,100 Current liabilities Trade and other payables 12 5,393 11,168 Amount due to a director 13 3 — Amount due to a shareholder 14 52 — Amount due to a related parties 15 125 — Lease liabilities 11 382 394 Income tax payable 3,080 3,258 Total current liabilities 9,035 14,820 Total liabilities 10,334 15,920 Capital and reserves Share capital 16 13,848 13,848 Merger reserve 17 (5,913 ) (5,913 ) Translation reserve 18 (180 ) 232 Retained earning 10,303 7,019 18,058 15,186 Non-controlling interests 16 16 Total shareholders’ equity 18,074 15,202 Total liabilities and equity 28,408 31,122 The accompanying notes are an integral part of these unaudited interim consolidated financial statements. BrilliA Inc. and Its Subsidiaries Unaudited Interim Condensed Consolidated Statements of Cash Flows For the Six Months Ended September 30, 2024 and 2025 Six months ended September 30, 2024 (Unaudited) Six months ended September 30, 2025 (Unaudited) USD’000 USD’000 CASH FLOWS FROM OPERATING ACTIVITIES: Net profit for the financial period 1,439 219 Adjustments to reconcile net profit to net cash used in operating activities: Depreciation of property, plant and equipment 23 24 Depreciation of right-of-use assets 229 205 Finance cost 68 49 Interest income (59 ) (70 ) Net gain on impairment of financial assets (74 ) (4 ) Unrealized gain on foreign currency exchange (5 ) — Changes in operating assets and liabilities: Inventories (2,875 ) (174 ) Trade and other receivables 657 (3,827 ) Trade and other payables 403 5,650 Income tax paid (3 ) — Net cash (used in)/from operating activities (197 ) 2,072 Investing activities Interest income 59 70 Purchase of plant and equipment (49 ) (61 ) Net cash from investing activities 10 9 Financing activities Advances/(Repayment) from directors 3 (3 ) Repayments to shareholders (5 ) (52 ) Dividends paid — (3,325 ) Payments of: - Principal (211 ) (190 ) - Interest (68 ) (49 ) Net cash used in financing activities (282 ) (3,619 ) Net decrease in cash and cash equivalents (468 ) (1,538 ) Effects of exchange rate changes (17 ) 406 Cash and bank balances at beginning of the financial period 6,383 7,703 Cash and bank balances at end of the financial period 5,898 6,571 Source: BrilliA Incorporated