Quarterly Activities/Appendix 4C Cash Flow Report

Record Quarterly Cash Receipts for 2QFY26 and Business Trading Update

SportsHero Limited (‘SportsHero’ or the ‘Company’), an integrated digital gaming and e-Sports business focused in the South East Asia market, is pleased to provide the following quarterly report and business trading update.

Quarterly Highlights

·          2QFY26 cash receipts of A$539,000 was the highest since the Company listed on the ASX in 2017, which includes receipt of the ~A$527,000 milestone fee on implementation of the iGV.Com platform in Philippines.

·          The Company confirms receipt of approx. A$12,000 of cash flow from direct subscription sign-ups to the HeroPlay mobile casual gaming platform after the go live and initial trial marketing efforts in mid December.

·          Following a loan repayment of A$162,000 in December, the Company has undrawn debt facilities in the order of A$1.1 million available to fund near term marketing, regional growth initiatives and working capital requirements.

·          Cash at the end of the quarter was A$500,000.

Business Trading Update

·          HeroPlay subscriber sign-up numbers have increased to an average of approx. 880 per day over the last 7 days, up from an average of approx. 280-300 reported in Dec 2025, with our highest single daily sign-ups over the last week being 1,710 subscribers.

·          The Company is seeing strong conversion of subscribers signing up to HeroPlay via SportsHero’s direct payment platform utilising debit/credit/e-wallet facilities, with approx. 89% of total subscribers to date using this higher margin direct method.

·          Indosat has confirmed its full-scale marketing support for the HeroPlay mobile gaming product is set to commence shortly, targeting their approx. 50.9 million monthly active users[1] on their self-service apps MyIM3 and Bima+.

The balance of the US$1 million (being US$650,000 or ~A$982,000) contract payment from our Philippines Telco partner is expected in the March quarter and throughout the remainder of the initial 12-month minimum contract agreement, running to Sept 2026.

See the full release for more details

[1] Indosat Annual Report 2024 (pp89): https://ioh.co.id/portal/en/ioh-investor-document-detail/laporan-tahunan-indosat-2024?_id=10014744