BrilliA Announces 15 Percent Revenue Growth, Earnings of $2.8 Million, for Year Ended March 31, 2025

BrilliA Announces 15 Percent Revenue Growth, Earnings of $2.8 Million, for Year Ended March 31, 2025 SINGAPORE, July 22, 2025 – BrilliA Inc (NYSE America: BRIA) (“BRIA” or “the Company”), a comprehensive one-stop service and solution provider for ladies' intimate apparel brands worldwide, today announced that, for the fiscal year ended March 31, 2025, the Company achieved revenue of $64,391,000, a 15 percent improvement compared with revenue of $55,964,000 for the fiscal year ended March 31, 2024. The Company reported earnings of $2,819,000 for fiscal 2025, or $0.12 per share, compared with earnings of $3,284,000 for fiscal 2024, or $0.15 per share. BrilliA’s increase in revenue in fiscal 2025 was primarily driven by a significant rise in sales of brassieres, tops, and swimsuits, partially offset by a decline in bodysuit sales. Geographically, the Company’s fastest growing market was North America, whose imports from BrilliA increased by $10,762,000, or 24 percent, in fiscal 2025. This increase was partially offset in Europe, where imports from the Company declined by $3,165,000, or 35.5 percent, compared to fiscal 2024. The Company’s gross profit margin improved to 15.8 percent in fiscal 2025, up from 14.8 percent in fiscal 2024, primarily due to enhanced cost control measures, including more efficient material sourcing and improved management of manufacturing costs. Operating expenses increased by $2,221,000, or 46.6 percent, in fiscal 2025, primarily driven by higher depreciation charges, employee-related costs, and professional fees associated with the Company’s listing activities. As a result of the above-mentioned factors, the Company’s net income for fiscal 2025 decreased by $465,000 compared with the previous fiscal year. Cash and cash equivalents at March 31, 2025, were $7,703,000 compared with $6,384,000 on March 31, 2024. Total liabilities on March 31, 2025, was $10,334,000 compared with $19,048,000 on March 31, 2024. Net cash provided by financing activities in the fiscal year ended March 31, 2025, was $6,708,000, compared with net cash used in financing activities of $2,750,000 in the fiscal year ended March 31, 2024. Net cash used in operating activities in fiscal 2025 was $4,520,000, compared with net cash provided by operating activities of $144,000 in fiscal 2024. Net cash used in investing activities was $887,000 in fiscal 2025, while net cash provided by investing activities was $49,000 in the previous fiscal year. Weighted average number of ordinary shares for fiscal 2025 was 23,342,466 (basic and diluted), compared with 22,500,000 (basic and diluted) for fiscal 2024. “We are pleased with our financial performance in 2024, which marks another consecutive year of strong profitability.” said BrilliA’s chief executive, Kendrew Hartanto. “This profit was largely the result of multiple factors, including our 15 percent revenue increase as well as our revamped cost control measures, both of which helped us to improve our gross margin. “Despite the tariff headwinds, we expect North American sales to continue gaining momentum, and our European sales to improve due to our cooperation framework with the French luxury lingerie brand, Maison Lejaby. We also anticipate that our recent agreement, which expands our manufacturing capacity in Cambodia, will enable us to competitively enter the Canadian market duty-free and achieve preferential treatment under the EU’s EBA program, thereby adding at least $5 million to our fiscal 2026 revenue. “We also expect our proprietary DIANA lingerie brand, which is targeted to younger, fashion-conscious consumers, to begin producing additional revenue in Indonesia, Singapore, and other ASEAN countries in the next few quarters.” Mr. Hartanto said he looked forward to sharing numerous positive developments with shareholders “in the near future.” About BrilliA Inc 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. CAUTIONARY NOTE REGARDING 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. For further information, please contact: BrilliA Inc Contact: 220 Orchard Road, Unit 05-01, Midpoint Orchard Singapore 238852 (+65) 6235 3388 Email: [email protected] Investor Relations Inquiries: Skyline Corporate Communications Group, LLC Scott Powell, President 1177 Avenue of the Americas, 5th Floor New York, New York 10036 Office: (646) 893-5835 Email: [email protected] BRILLIA INC AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2024 AND 2025 2024  2025 USD’000  USD’000 ASSETS Non-current assets Property, plant and equipment, net 98  136 Right-of-use assets 17  1,580 Other investments —  1,000 Deferred offering costs 837  — Total non-current assets 952  2,716 Current assets Inventories 7,094  7,281 Trade and other receivables 12,204  10,406 Amounts due from related parties 459  235 Income tax recoverable 59  67 Cash and cash equivalents 6,384  7,703 Total current assets 26,200  25,692 Total assets 27,152  28,408 LIABILITIES AND EQUITY Non-current liabilities Lease liabilities —  1,299 —  1,299 Current liabilities Trade and other payables 16,686  5,393 Amount due to directors —  3 Amount due to shareholders 57  52 Amount due to related parties —  125 Lease liabilities —  382 Income tax payable 2,305  3,080 Total current liabilities 19,048  9,035 Total liabilities 19,048  10,334 Capital and reserves Share capital 6,661  13,848 Merger reserve (5,913) (5,913) Translation reserve (144) (180) Retained earning 7,488  10,303 8,092  18,058 Non-controlling interests 12  16 Total shareholders’ equity 8,104  18,074 Total liabilities and equity 27,152  28,408 BRILLIA INC AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEARS ENDED MARCH 31, 2023, 2024 AND 2025 March 31, 2023  March 31, 2024  March 31, 2025 USD’000  USD’000  USD’000 Revenue - Third parties 52,927  55,964  63,733 - Related parties -  -  658 Cost of materials (28,505) (30,728) (35,527) Contract manufacturers charges (15,288) (16,596) (18,433) Gross profit 9,134  8,640  10,431 Other income 10  120  180 Depreciation of property, plant and equipment (31) (36) (47) Depreciation of right-of-use assets (184) (163) (412) Employee benefit expense (2,247) (2,295) (3,373) Other expenses (1,389) (2,032) (3,040) Finance costs (31) (9) (116) Net loss on impairment of financial assets (18) (236) (4) Profit before income taxes 5,244  3,989  3,619 Income tax expenses (885) (705) (800) Profit for the financial period 4,359  3,284  2,819 Other comprehensive income Loss on foreign currency translation (49) (97) (36) Other comprehensive income, net of tax (49) (97) (36) Total comprehensive income for the period 4,310  3,187  2,783 Profit attributable to: Owners of the parent 4,354  3,281  2,815 Non-controlling interest 5  3  4 4,359  3,284  2,819 Total comprehensive income attributable to: Owners of the parent 4,305  3,184  2,779 Non-controlling interest 5  3  4 4,310  3,187  2,783 Weighted average number of ordinary shares basic and diluted 22,500,000  22,500,000  23,342,466 Earnings per share attributable to ordinary shareholders basic and diluted 0.19  0.15  0.12