LOS ANGELES, CA - December 12, 2025 (NEWMEDIAWIRE) - Forward Industries (NASDAQ: FWDI), the leading Solana treasury company, today reported financial results for the twelve months ended Sept. 30, 2025, noting that despite less than one month of activity under its new Solana treasury strategy, the Company generated approximately $4.6 million in staking revenue during the fourth quarter and continues building toward long-term SOL-per-share growth. Fiscal 2025 net revenue was $18.2 million versus $20.0 million in the prior year, with operating expenses of $13.6 million compared to $7.3 million, and results reflecting a $160 million non-cash, unrealized mark-to-market loss on SOL holdings required under current accounting standards.

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About Forward Industries, Inc.

Forward Industries, Inc. is a global design company serving top tier medical and technology companies. For over 60 years the company has been successful in developing and producing a portfolio of outstanding products for some of the world’s leading companies and brands. In September 2025, Forward Industries initiated a Solana treasury strategy dedicated to acquiring SOL and increasing SOL-per-share through bespoke strategies and active management of the company’s treasury. The Company’s Solana treasury strategy is supported by industry leading investors and operating partners, including Galaxy Digital, Jump Crypto, and Multicoin Capital. For more information on the Company’s Solana treasury strategy, visit sol.forwardindustries.com.

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law

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