Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 119

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 19
Chunk 119
---
                      
                                                   Oren Elkayam                          
                                                   Chairman and Chief Executive Officer  

Mobilicom
Limited

Annual
Report - December 31, 2024

  Mobilicom Limited  
  Contents           
  December 31, 2024  
 ─────────────────────

  Report of Independent Registered Public Accounting Firm (Ziv Haft Certified Public Accountants LLP, Tel-Aviv, Israel, PCAOB ID 1185)      F-2    
  Consolidated statements of profit or loss and other comprehensive income (loss)                                                           F- 3   
  Consolidated statements of financial position                                                                                             F- 6   
  Consolidated statements of changes in equity                                                                                              F- 8   
  Consolidated statements of cash flows                                                                                                     F- 11  
  Notes to the consolidated financial statements                                                                                            F- 12  

F-1

Report of Independent Registered Public Accounting Firm

Shareholders and Board of Directors of Mobilicom Limited

Level 7, 90 Collins Street

Melbourne, Victoria, 3000

Australia

Opinion on the Financial Statements

We have audited the accompanying consolidated statements of financial
position of Mobilicom Limited (the “ Company”) as of December 31, 2024 and 2023, and the related consolidated statements of
profit and loss and other comprehensive income, changes in equity, and cash flows for each of the three years in the period ended December
31, 2024, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the
consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024
and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity
with International Financial Reporting Standards as issued by the International Accounting Standards Board and Interpretations.

Basis for Opinion

These consolidated financial statements are the responsibility
of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements
based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“ PCAOB”)
and are required to be independent with respect to the Company in accordance with the U. S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards