$3.6m Contract Awarded by U.S. Government Agency

Narf Industries plc (LSE: NARF), a leading U.S.-based cybersecurity group specializing in advanced threat intelligence and software system security, announces that its Government Research & Development ("GR&D") business has been awarded a contract valued at $3.6 million from a U.S. government research and development ('R&D') agency. The two-year contract spans the current and next financial years and focuses on developing novel approaches to accelerate computer system recovery after cyber-attacks.

Government demand for next-generation cyber resilience solutions continues to increase as agencies seek to incorporate AI, enhance system reliability, and reduce recovery times across critical missions. These structural tailwinds are creating sustained opportunities for organizations delivering applied innovation in support of national security objectives. Against this backdrop, the contract awarded to Narf by the U.S. government R&D agency reflects the Company's strong alignment with these priorities.

Narf also moved early to position itself with another major shift in the government R&D market: the growing emphasis on research that can transition rapidly into operational capability. By advancing proposals centered on applied, mission-aligned research with clear transition routes, the Company has differentiated its position within this evolving landscape. This latest award reinforces Narf's competitive strength and supports its progression toward larger, strategically significant programs.

Steve Bassi, CEO of Narf Industries, commented: "This award and Narf's advancement into larger mission-aligned research programs demonstrate the effectiveness of our strategy to use government-funded innovation as the foundation for scalable capabilities. With total awards now exceeding $10 million, Narf is generating the cash flow necessary to mature and scale these efforts, including the continued development of Ranger.ai. Opportunities for Ranger.ai are progressing well, and we expect to secure initial contract awards in Q1 2026."