Weebit Nano delivers record quarterly customer receipts

Achieves target of three customer agreements with product companies

Q1 FY26 Quarterly Activities Report

Key highlights

• Taped-out first module embedded with Weebit ReRAM at onsemi’s 300mm production fab
• Achieved target of three product customers integrating Weebit ReRAM in next-generation products
• Record quarterly customer payments of A$7.3 million
• Qualification of Weebit ReRAM technology at DB HiTek progressing, targeting completion before end 2025
  Advancing discussions with multiple fabs, moving closer to stated AGM commercial targets
• Strong balance sheet with A$91.6 million cash at bank at end of quarter

October 21, 2025 – Weebit Nano Ltd (ASX: WBT, Weebit or Company) provides this activity report for the quarter ended 30 September 2025 (Q1 FY26), along with the Company’s Appendix 4C cash flow report.

Weebit Nano CEO Coby Hanoch said: “Weebit Nano has had an exceptionally strong start to FY26, taping-out the first module embedded with our ReRAM at onsemi’s production fab, securing multiple design agreements with product companies, and receiving record quarterly customer payments. This is a strong vote of confidence in the quality of our technology.

“At the same time, we’re moving closer to qualification at DB HiTek and advancing commercial conversations with more than a dozen leading foundries, Integrated Device Manufacturers (IDMs), and product companies. While we’ve achieved our product company target for 2025, we’re continuing to work hard to secure additional licensing agreements with fabs and product companies before the end of the year. These negotiations are benefitting from evolving industry perceptions.

“The strategic importance of ReRAM as a next-generation non-volatile memory (NVM) continues to grow, highlighted recently by GlobalFoundries launching its own ReRAM technology. This has sent a strong signal to the market that ReRAM is now a ‘must have’ offering for fabs with very few having the resources to develop this complex technology in-house. The majority of fabs and IDMs will use external licensing partners to accelerate time-to-market – providing a significant opportunity for Weebit Nano as the only independent ReRAM provider with qualified technology ready for production. As a pureplay ReRAM company, Weebit is first to market with several competitive advantages including suitability for high-temperature automotive applications and the ability to customise solutions.”

Taped-out test chips at onsemi

Weebit Nano achieved a major milestone with onsemi in September, successfully taping-out (released to manufacturing) the first test chips embedded with its ReRAM at onsemi’s 300mm production fab. Tape-out is a key milestone in the intensive technology transfer project. onsemi, a Fortune 500 company and Tier-1 IDM, expects its next-generation products to feature Weebit ReRAM.

The test chips are being produced on onsemi’s 65nm BCD Treo™ platform, ideal for high-temperature automotive, industrial and data-center applications. The taped-out chips will now be used for final testing and qualification, expected in 2026.

Design license agreements

Weebit Nano has achieved its 2025 product company target with its NVM IP to be utilised in next-generation products by three US-based customers. These agreements will see Weebit ReRAM IP integrated into securityrelated and smart battery management applications.

Weebit is continuing to engage with potential product customers, with these discussions being supported by ongoing technical progress at DB HiTek and onsemi.

Qualification at DB HiTek

Technology qualification at DB HiTek is progressing, targeting completion this calendar year. Qualification in DB HiTek’s 130nm Bipolar-CMOS-DMOS (BCD) process is an important step towards volume production of Weebit’s non-volatile memory IP at the South Korean foundry, entailing rigorous testing of wafers including high temperature operation, program/erase endurance, and data retention. Once qualified, DB HiTek’s extensive customer base will be able to integrate Weebit ReRAM into their systems on chips (SoC) with significant advantages across various applications.

Customer engagements

ReRAM is increasingly being seen as the NVM of choice for next-generation applications, which is supporting commercial negotiations with more than a dozen foundries, IDMs, and product companies. Weebit is working hard to secure additional licensing agreements before the end of the calendar year.

Leading industry conferences and trade shows are an important component of Weebit’s sales and marketing strategy, providing an opportunity to engage with potential customers and partners. During the quarter, Weebit presented at the Future of Memory and Storage in the USA, and participated at the International Conference on Simulation of Semiconductor Processes and Devices in France and the Bar-Ilan University DDPTON Hackathon event in Israel. Weebit is also presenting and participating at tomorrow’s Semiconductor Australia 2025 conference in Sydney.

Edge AI Foundation

In September, Weebit Nano joined the Edge AI Foundation as a strategic partner. The Edge AI Foundation brings together industry leaders and researchers to drive innovation, solve global challenges, and advance edge AI technologies.

Weebit ReRAM is ideal for edge AI chips, providing the dense on-chip non-volatile memory needed to store weights for artificial neural networks with ultra-low power consumption that is critical for edge devices. It also scales to the smaller geometries used in the fabrication of advanced AI System-on-Chips.

Board structure

Weebit Nano strengthened its governance credentials in August, appointing Australian-based independent Non- Executive Director Ms Anne Templeman-Jones as Deputy Chair of the Board. The new Board structure improves engagement with local investors, industry and government, and enables Chair Dadi Perlmutter to focus on supporting the leadership team on strategy while Ms Templeman-Jones assists on governance in Australia. Ms Templeman-Jones is a highly experienced ASX Board Director and is well regarded within the Australian corporate environment. The appointment aligns with best-practice corporate governance.

Patent updates

During the quarter, Weebit Nano was granted six new patents, further strengthening the company’s intellectual property portfolio and reinforcing its leadership position in advanced ReRAM technology. The newly granted patents cover a range of innovations across low-voltage devices, circuit architecture for memory programming, and advanced manufacturing methods. These additions broaden the protection of Weebit’s proprietary technologies across multiple geographies and provide a solid foundation for future product development and commercialisation activities.

Record customer receipts

Quarterly customer receipts represented a record A$7.3 million in Q1 FY26. Other notable cash inflows included A$4.1 million relating to 2024 R&D tax rebate for Weebit’s French subsidiary.

R&D expenses for Q1 FY26 were A$2.0 million and payments to related parties, including fees paid to Directors and the CEO’s payroll costs, totaled A$302,000.

Weebit had a strong balance sheet of A$91.6 million as at 30 September 2025, facilitating increased commercial activities and ongoing R&D. Revenues are expected to continue to build as new licensing and design agreements are signed, alongside milestone-based payments from existing customers.

Investor briefing details

CEO Coby Hanoch will host an in-person and virtual investor briefing in Sydney on Thursday, 23 October 2025 at 12:00pm AEDT. The session will cover the Company’s quarterly update and attendees will have an opportunity to ask questions.

Date: Thursday, 23 October
Time: 12:00pm
Venue: Automic Office: Level 5, 126 Phillip Street, Sydney
RSVP: Registration is essential. Please email Bradley Waislitz at Bradley.waislitz@automicgroup.com.au for inperson attendance or pre-register here to watch the session virtually.

About Weebit Nano Limited

Weebit Nano Ltd. is a leading developer and licensor of advanced semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) non-volatile memory (NVM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of electronic products such as AI, Internet of Things (IoT) and wearable devices, automotive, industrial automation, robotics, neuromorphic computing, and many others. For these applications, Weebit ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing flash memory solutions. As it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.

See: www.weebit-nano.com