Full Press Release Details
ASX/NASDAQ Announcement
2025 Annual General Meeting - CEO Address
Immuron Limited (ASX: IMC; NASDAQ: IMRN) attaches the CEO Address to be
delivered by Chief Executive Officer, Steve Lydeamore, at this morning's Annual General Meeting.
This release has been authorised by the Directors of Immuron Limited.
Chief Executive Officer
Immuron Limited (ASX: IMC, NASDAQ:
IMRN), is an Australian biopharmaceutical company focused on developing and commercializing orally delivered targeted polyclonal antibodies
for the treatment of infectious diseases.
Immuron Platform Technology
proprietary technology is based on polyclonal immunoglobulins (IgG) derived from engineered hyper-immune bovine colostrum. Immuron
has the capability of producing highly specific immunoglobulins to any enteric pathogen and our products are orally active. Bovine
IgG can withstand the acidic environment of the stomach and is resistant to proteolysis by the digestive enzymes found in the
Gastrointestinal (GI) tract. Bovine IgG also possesses this unique ability to remain active in the human GI tract delivering its
full benefits directly to the bacteria found there. The underlying nature of Immuron's platform technology enables the
development of medicines across a large range of infectious diseases. The platform can be used to block viruses or bacteria at
mucosal surfaces such as the Gastrointestinal tract and neutralize the toxins they produce.
For more information visit: https://www.immuron.com.au/
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FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended.
Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any
other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are
subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock value.
Factors that could cause actual results to differ materially from those currently anticipated include: risks relating to our growth strategy;
our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results
of research and development activities; risks relating to the timing of starting and completing clinical trials; uncertainties relating
to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate and retain key personnel;
the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual
property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking
to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations
or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
AGM PRESENTATION 11 NOVEMBER 2025 S teve n Lyde a m ore - C EO NASDAQ: IMRN ASX: IMC
2 2 Certain statements made in this presentation are forward - looking statements and are based on Immuron's current expectations, estimates and projections. Words such as " anticipates," "expects," "intends," "plans," "believes," " seeks," "estimates," "guidance" and s imilar expressions are intended to identify forward - looking statements. Although Immuron believes the forward - looking statements are based on reasonable assumptions, they are subject to certain r i sks and uncertainties, some of which are beyond Immuron's control, including those r i sks or uncertainties inherent in the process of both developing and commercializing technology. As a result, actual results could materially differ f rom those expressed or forecasted in the forward - looking statements. The forward - looking statements made in this presentation relate only to events as of the date on which the statements are made. Immuron will not undertake any obligation to release publicly any revisions or updates to these forward - looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by l aw or by any appropriate regulatory authority. FY 2026 results in this presentation are subject to audit review. SAFE HARBOR STATEMENT
3 Immuron Ltd is an Australian integrated biopharmaceutical company with global scale, focused on developing, and commercialising, oral products for the treatment of gut mediated diseases Research & Development 3 pipeline assets in 2 clinical programmes Global footprint Australia, US, Canada and expanding Technology Platform Safe and potentially transformational approach to gut infections Our Products Reduce the risk of Traveller's Diarrhoea Sold in pharmacies Australia - wide Available in Australia, USA and Canada Treatment of symptoms associated with Irritable Bowel Syndrome (IBS) To be sold in pharmacies Australia - wide Available in Australia NEW Proprietary technology based on generating hyper - immune bovine colostrum that is rich in polyclonal antibodies also known as immunoglobulins. Bovine antibodies also possess the unique ability to remain active in the human GI tract where they target enteric pathogens. The underlying nature of our platform technology enables the development of medicines across a large range of infectious diseases. The platform can be used to generate bovine antibodies that block viruses or bacteria at mucosal surfaces in the Gastrointestinal tract and neutralize the toxins they produce. Technology Platform Corporate Research I ndependent Buy recommendation
8 FY25 Financial Achievements Global Sales Revenue $7.3m Up 49% Australian Sales Revenue $5.3m Up 40% North American Sales Revenue $2.0m Up 76% Gross Profit Margin 65.4% EBITDA (ex - R&D) 1 $(3.1)m $2.1m improvement Cash + Term Deposit 2,3 $5.9m 1 ex - R&D: add back research & development, less R&D Tax Incentive and R&D grants; 2 30 June 2025, as reported in Immuron's Appendix 4E (Cash $2.83m; Term Deposit $3.04m); 3 Since 30 June 2025, Immuron has raised, cost - effectively, A$3.55m from the US At - The - Market facility.
5 Travelan continued strong sales growth Global + FY2025 AUD$7.3 million up 49% on prior year + FY2026 Q1 AUD$2.0 million up 34% on FY2025 Q1 Australia + FY2025 AUD$5.2 million up 40% on prior year + FY2026 AUD$1.6 million up 52% on FY2025 Q1 North America + FY2025 AUD$2.0 million up 76% on prior year + FY2026 AUD$0.4 million down 8% on FY2025 Q1 + USA FY2026 AUD$0.4 million up 44% on FY2026 Q1 $ - $1,000,000 $4,000,000 $3,000,000 $2,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 Jul - Sep Oct - Dec Jan - Mar Apr - Jun Global Year to Date Net Sales ($AUD) FY24 FY25 $ - $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $7,000,000 $6,000,000 $8,000,000 FY22 FY23 FY24 FY25 North America Australia
6 FY25 Clinical Achievements and Operational Highlights FDA approval IMM - 529 IND Travelan n= 851 trial completed Travelan Ph 2 statistically significant results 1 New research collaboration IMM - 986 (VRE) New product launch in Australia Updated peak U.S. sales for IMM - 529 US$400 million 2 1. Immunology results and Microbiome responses; 2. Lumanity global healthcare consulting
7 FY26 Outlook Continued YoY sales growth Progression towards EBITDA (ex - R&D) 1 breakeven Travelan n=851 trial topline data November 2025 IMM - 986 (VRE) Pre - clinical data 1H 2026 Travelan End of Phase 2 Meeting with FDA 1H 2026 IMM - 529 Initiation of Phase 2 1H 2026 1 ex - R&D: add back research & development, less R&D Tax Incentive and R&D grants
STEVEN LYDEAMORE CHIEF EXECUTIVE OFFICER IMMURON LIMITED CONTACT INFORMATION: EMAIL: STEVE@IMMURON.COM PHONE: AUSTRALIA: +61 438 027 172 IMMURON I NVESTOR HUB COMMUNICATION AND CONTENT INCLUDING ANNOUNCEMENTS AND CORPORATE RESEARCH