Forward Industries’ Total Holdings Rise to 6.9 Million SOL as of November 15, 2025

Forward Industries, Inc. (NASDAQ: FWDI) (the "Company" or “Forward Industries”), the leading Solana treasury company, today announced its monthly treasury update as part of its ongoing commitment to transparency and shareholder engagement. As of November 15, 2025, the Company’s Solana (“SOL”) holdings totaled 6,910,568 SOL.

“Over the last month, we have executed upon a number of initiatives that have increased our SOL-per-share and driven meaningful shareholder value,” said Kyle Samani, Chairman of Forward Industries. “Through our responsible capital deployment program, institutional-grade validator infrastructure, and enhanced staking strategy, we are reinforcing the core economic engine that underpins our model and solidifying our position at the center of the Internet Capital Markets. With the support of Galaxy Digital, Jump Crypto, and Multicoin Capital, as well as our recently formed Crypto Advisory Board comprised of best-in-class operators, founders, and institutional leaders from across the digital assets landscape, we believe we are well-positioned for our next phase of growth.”

Forward Industries Treasury Update

• Treasury Holdings: As of November 15, 2025, the Company’s liquid SOL holdings totaled 6,910,568 SOL. Since inception, 6,834,505.96 SOL have been purchased at a net cost of $232.08 per SOL, representing a total cost of approximately $1.59 billion.
• Staking: Since inception, the Company’s validator infrastructure has achieved a 6.82% gross annual percentage yield (APY) before fees. Nearly all of the Company’s SOL holdings are currently staked.
• Tax Optimization: In the period between October 16, 2025 and November 15, 2025, Forward Industries reset $334 million in notional value and spent approximately $51,600 in value (net of fees) through tax loss harvesting operations which offsets future tax burdens and allows the Company to optimally continue increasing SOL-per-share and driving shareholder value.

Today’s treasury update follows the Company’s recent announcement of a new $1 billion share repurchase program, reflecting its confidence in both Forward Industries’ differentiated strategy and underlying strength of Solana’s ecosystem.