Annual Report

LONDON, ENGLAND - TAO ALPHA PLC (LSE: TAO) ("TAO" or the "Company") announces its audited results for the 12 months ended 28 February 2025. The full audited financial statements will be uploaded to the Company website: https://www.taoalpha.ai/investors.

The Directors of TAO Alpha PLC take responsibility for this announcement.

On 12 May 2025 the Company changed its name to TAO Alpha plc (previously called Streaks AI plc) (previously called Streaks AI plc). The name change reflected the Company's evolving business focus and aligns with its strategic vision of developing fully automated decentralised revenue generating AI agents. The Company continues to advance its strategic objectives within the decentralised AI agent economy. It is focused on close alignment with Bittensor's TAO ecosystem. Bittensor is a decentralised open-source network that incentivises the creation of useful products within a global marketplace for machine-learning models, while participants earn TAO tokens related to the worth of the intelligence they provide.

Centralised AI refers to artificial intelligence systems controlled and maintained by a single organisation or entity, where data, model training, and decision-making are concentrated within closed, proprietary infrastructures. Companies like OpenAI, Google DeepMind, and Meta operate centralised AI models such as ChatGPT, Gemini, and LLaMA, which rely on vast internal datasets and cloud servers to deliver services. In contrast, decentralised AI distributes these processes across a network of independent nodes, allowing multiple contributors to supply data, compute power, and model improvements in an open and often token-incentivised system. For example, Bittensor (TAO) enables developers worldwide to contribute machine learning models to a permissionless network, receiving TAO tokens in return for useful outputs. Similarly, Fetch.ai deploys autonomous economic agents that perform tasks in a decentralised marketplace without relying on central servers. While centralised AI offers efficiency and control, it raises concerns around censorship, bias, monopolistic control, and data privacy. Decentralised AI, by design, promotes transparency, resilience, and collaboration-but must overcome challenges around coordination, performance standardisation, and governance.

The Company's goal is to establish itself as a leader in the rapidly evolving decentralised artificial intelligence (AI) landscape by leveraging the Bittensor (TAO) network. Central to this Strategy Plan is the targeted deployment and operation of proprietary TAO subnets-custom, application-specific extensions of the Bittensor protocol designed to host and train AI models in a fully decentralised, token-incentivised environment.

These subnets will enable the Company to develop decentralised scalable AI agents on the TAO platform. This strategic approach directly aligns with the broader industry trend toward decentralised machine learning and blockchain-integrated intelligence.. While the primary focus remains on developing AI agents on subnets internally, the Company may, over time, explore strategic collaborations, research consortiums, or targeted acquisitions that align with its protocol-first AI infrastructure.

Furthermore the Company announced on 17 June 2025 that it would initiate a BTC treasury strategy which was supported by a 5M GBP raise and the creation of a Singapore subsidiary for BTC treasury purposes. This further aligns the Company's strategy which marries Crypto and AI to a long term accretive treasury strategy for shareholders. As we enter an exciting time for both crypto and AI the board is very positive about the change of strategy and our ability to execute in this market.

Mr M Lodge

Chairman

Directors' Responsibilities Statement

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have prepared the Company financial statements in accordance with UK-adopted international accounting standards. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit and loss of the Company for that period.

In preparing these financial statements, the directors are required to:

• Select suitable accounting policies and then apply them consistently;
• Make judgements and accounting estimates that are reasonable and prudent;

STATEMENT OF COMPREHENSIVE INCOME

The full Annual Report will be available on the Company's website at https://www.taoalpha.ai/investors.