Highlights

·          Receipt of key milestone payment confirmed following the successful integration and launch of the iGV.Com Game Pass product in the Philippines

·          This payment of ~A$530,000[1] (US$350,000) is the largest cash payment received by the company since listing on the ASX in 2017

·          The balance of the US$1 million contract payment (US$650,000 or ~A$982,000) is expected in the March quarter and throughout the remainder of the initial 12-month minimum contract agreement, running to September 2026

SportsHero Limited (‘SportsHero’ or the ‘Company’), an integrated digital gaming and e-Sports business focused in the South East Asia market, is pleased to announce that a significant cash payment in the order of ~A$530,000 (US$350,000) has been received into our US$ bank account.

This key milestone payment following the successful integration and launch of the iGV.Com Game Pass product in the Philippines market is the largest cash receipt since the company was admitted to the ASX early in 2017, and marks a major shift in the commercialisation phase of the business.

SportsHero’s CEO Tom Lapping said:

“Over the last 12-18 months, the team has been laser focused on commercialising the opportunity we have in PC and mobile casual gaming, by partnering with major telco’s in Indonesia and the Philippines.   It’s great to see the effort starting to pay off, and even more so to see the largest cash receipt in the company’s history hit the bank account this quarter, setting us up for a big 2026.”

[1] Estimated A$ amount based on conversion of US$350,000 at FX rate $0.6615  https://www.exchange-rates.org/converter/usd-aud/