AVADA GROUP LIMITED — Capital/Financing Update 2025

Sep 29, 2025

Suite 1, Level 2

ACN 648 988 783

Website: www.avadagroup.com.au

==> picture [150 x 33] intentionally omitted <==

116 Ipswich Road, Woolloongabba QLD 4102 Email: contact@avadagroup.com.au

==> picture [462 x 8] intentionally omitted <==

ASX Announcement

30 September 2025

AVADA GROUP LIMITED: ADJUSTMENTS TO FY25 RESULTS

Avada Group Limited (ASX: AVD) (AVADA or the Company) advises that in accordance with ASX Listing Rule 3.1 and Listing Rule 4.3A, and following the release of the Company’s audited financial statements for the year ended 30 June 2025, that there have been material adjustments to income tax expense, current and non-current classification of borrowings, and a reallocation of profit/(loss) after tax and assets and liabilities between Operating Segments compared to the Company’s Appendix 4E – Preliminary Financial Statements lodged with ASX on 29 August 2025. None of the adjustments impact operating revenue or cash flow from operations.

Key Material Changes

1. Income Tax Benefit and Deferred Tax Balances

Adjustment: Income tax benefit increased by $2.038 million and accordingly Deferred Tax balances reduced due to finalisation of Deferred Tax calculations.

Reason: Awaiting audited financial statements to finalise the tax journal.

Impact: Reduction in loss after tax for the year by $2.04 million to $15.78 million and increase in Net Assets by $2.04 million.

==> picture [452 x 147] intentionally omitted <==

==> picture [75 x 17] intentionally omitted <==

Page 1

==> picture [452 x 245] intentionally omitted <==

2. Current/Non-current Borrowings reclassification

Adjustment: Reclassification of borrowings from non-current to current liabilities in respect of certain principal repayments under the CBA loan facility.

Reason : Ongoing negotiations for deferral of the facility repayment clause in the facility contract for Commonwealth Bank of Australia.

Impact: Net Current Assets reduced by $1.125 million.

==> picture [452 x 78] intentionally omitted <==

3. Reallocation of Profit/(Loss) After Tax and Assets and Liabilities between Cash Generating Units (Note 5: Operating Segments)

Adjustment: This adjustment incorporates Adjustment 1 and Adjustment 2 above together with further allocation adjustments mainly between Unallocated Items and the other Cash Generating Units (CGUs).

Reason : Operating Segment adjustments identified after implementation of ERP software.

Impact: Allocation to Operating Segments of Key Material Changes outlined in 1 and 2 above and additional reallocation of ERP adjustments to Operating Segments of items between CGUs to accurately reflect assets and liabilities of CGUs.

==> picture [75 x 17] intentionally omitted <==

Page 2

==> picture [452 x 163] intentionally omitted <==

==> picture [452 x 163] intentionally omitted <==

==> picture [452 x 114] intentionally omitted <==

==> picture [452 x 114] intentionally omitted <==

Summary of Impact and Commentary

The changes reported above do not affect operating revenue or cash flow from operations. The Board confirms that the Company remains in a strong financial position and that all adjustments are of a non-cash nature.

The audited financial statements have been lodged with ASIC and are available on our website and the ASX platform.

==> picture [75 x 17] intentionally omitted <==

Page 3

This announcement has been authorised for release by the Board of Avada Group Limited.

About AVADA Group Limited

AVADA Group is a leading, independent Australian traffic management operator and ancillary service provider with an established and extensive network throughout Queensland, New South Wales, Victoria and New Zealand. AVADA Group provides services to government clients and major contractors in the civil infrastructure and maintenance sector.

Visit us at avadagroup.com.au

For further information contact the following:

Donald Montgomery Chief Executive Officer +61 427 516 855 dmontgomery@avadagroup.com.au

==> picture [75 x 17] intentionally omitted <==

Page 4