Company Releases Initial Update Highlighting Active PIPE Deployment and Continued Growth of Solana Treasury,

Forward Industries’ Validator Achieves 7.01% APY, Outperforming Biggest Peers by 20 Basis Points while Generating Staking Revenue of Over 1,000 SOL Per Day

Forward Industries, Inc. (NASDAQ: FORD) (the "Company" or “Forward Industries”), the leading Solana treasury company, today announced its initial treasury update as part of its ongoing commitment to transparency and shareholder engagement. As of October 15, 2025, the Company’s Solana (“SOL”) holdings totaled 6,871,599.06 SOL.

“This update reflects the speed and precision with which we’ve executed our Solana treasury strategy, as well as our commitment to discipline and transparency at every step,” said Kyle Samani, Chairman of the Board of Directors of Forward Industries. “In just weeks, we deployed more than $1.5 billion into SOL, established institutional-grade validator infrastructure, and began generating on-chain yield. With more than 6.87 million SOL in our treasury earning an approximately 7.01% staking yield, we are now generating consistent daily revenue of over 1,000 SOL, reinforcing the strength and scalability of our strategy. Forward is not only building one of the largest Solana treasuries in the world, but also charting the path for how public companies can integrate on-chain operations across treasury management, governance, and real-world applications.”

Forward Industries Treasury Update

• Treasury Holdings: As of October 15, 2025, the Company’s liquid SOL holdings totaled 6,871,599.06 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 7.01% gross annual percentage yield (APY) before fees, exceeding the average gross yield of 6.81% reported by the top 10 validators (by stake weight) by approximately 20 basis points. Nearly all of the Company’s SOL holdings are currently staked.

Today’s update follows the recent launch of the Company’s institutional grade Solana validator node, powered by DoubleZero, which will allow ecosystem participants to delegate stake directly to Forward Industries at zero cost.

Forward Industries remains firmly committed to its Solana treasury strategy, which is designed to capture the significant economic value being created on one of the fastest-growing and most profitable blockchain networks. We believe Solana is the only blockchain with the speed, scalability, and architecture capable of powering global financial markets, processing over 8.9 billion transactions in Q2 2025 and generating more than $1 billion in real economic value year-to-date. Backed by the collective expertise of Galaxy Digital, Jump Crypto, and Multicoin Capital, Forward is leveraging its capital, relationships, and ecosystem insight to actively manage the world’s largest Solana treasury, driving sustainable growth in SOL per share while advancing the broader Solana ecosystem. To learn more about Forward Industries' Solana treasury strategy, please visit sol.forwardindustries.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of Forward Industries’ securities, nor shall there be any sale of Forward Industries’ securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Forward Industries, Inc.

Forward Industries, Inc. (NASDAQ: FORD) 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.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including statements relating to the Company’s plan for value creation and strategic advantages, market size and growth opportunities. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, failure to realize the anticipated benefits of the transactions and the proposed digital asset treasury strategy; changes in business, market, financial, political and regulatory conditions; risks relating to the Company’s operations and business, including the highly volatile nature of the price of Solana and other cryptocurrencies; the risk that the price of the Company’s common stock may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, as well as those risks and uncertainties identified in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements.

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