BLACKWALL LIMITED — Earnings Release 2025

Feb 27, 2025

Appendix 4D Half-year Ended 31 December 2024

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BlackWall Limited

ABN 37 146 935 131

This Appendix 4D should be read in conjunction with the consolidated interim financial report of BlackWall Limited for the half-year ended 31 December 2024 (previous corresponding period: half-year ended 31 December 2023).

		BlackWABN 37	all Limited146 935 131
	is Appendix 4D should be readhalf-year ended 31 December	in conjunction with the2024 (previous corresp	consolidated interim fonding period: half-ye	inancial report of BlackWar ended 31 December 20
R	esults for Announcement to	the Market		Dec 2024$’000Dec 202$’00	30MovementUp/(Down)
Revenue from ordinary operationsUnrealised (loss) / gain on investmentsGain on bargain purchase of PelorusTotal revenue from continuing operations(Loss) / profit after tax from ordinary activities (exclude gain on bargainpurchase)(Loss) / profit attributable to ordinary equity holders
	Revenue from ordinary operatUnrealised (loss) / gain on invGi bi h f P	ionsestmentsl		1,1461,3(40)2,166
Dividend Per Share				Dec 2024CentsDec 2023Cents
Interim dividend declared (fully franked at a tax rate of 25%)3.02.5Note: 0.5 cps to be paid in cash and 2.5 cps in equivalent value of WOTSO Property (ASX: WOT) securities. The exactamount of WOT securities will be determined with reference to the closing price of WOT on the payment date.

Dates relating to interim dividend
Record date: 11 March 2025
Payment date: 8 April 2025
Net Tangible Assets per Share (NTA)		Dec 2024	Jun	2024
Statutory Net Assets per Share		$0.38		$0.42
Control Gained or Lost Over Entities During the	Period
		Profit / (Loss)	for	Profit / (Loss) for
		the current period		the previous
Name of entity over which control was gained	Date control was	from date of		corresponding
or lost	changed	change of control		period
n/a	n/a		n/a	n/a

This report should be read in conjunction with the attached financial statements, which have been reviewed by ESV Business Advice and Accounting.

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Seph Glew Chairman Sydney, 28 February 2025

BLACKWALL LIMITED (ASX Code: BWF) ABN 37 146 935 131

50 Yeo Street, Neutral Bay, Sydney NSW 2089 Australia | PO Box 612, Neutral Bay, Sydney NSW 2089 Australia | Tel +61 2 9033 8611 | Fax +61 2 9033 8600 | www.blackwall.com.au