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PREDICTIVE DISCOVERY LIMITED Interim / Quarterly Report 2026

Feb 22, 2026

65537_rns_2026-02-22_1454dc64-ac80-4495-99ab-decc60b3eeac.pdf

Interim / Quarterly Report

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ABN 11 127 871 877

INTERIM FINANCIAL REPORT

FOR THE HALF-YEAR ENDED 31 DECEMBER 2025

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

CORPORATE DIRECTORY

DIRECTORS

AUDITOR

Mr Simon Jackson Non-Executive Chairman Mr Andrew Pardey Managing Director Ms Sandra Bates Executive Director Mr Steven Michael Non-Executive Director Mr Alberto Lavendeira Non-Executive Director

PKF Perth Dynons Plaza Level 8, 905 Hay Street Perth WA 6000

Company Secretary

Mr Ian Hobson

REGISTERED OFFICE

Suite 8 110 Hay Street SUBIACO WA 6000 Telephone: +61 8 9216 1000 Email: [email protected] Website: www.predictivediscovery.com

SHARE REGISTRY

Computershare Pty Ltd Level 17, 221 St Georges Terrace PERTH WA 6000 Telephone: 1300 850 505 Website: www.computershare.com/au

Herbert Smith Freehills Kramer Level 11, 1 The Esplanade PERTH WA 6000

PO Box 1710 WEST PERTH WA 6872

ASX CODE

PDI

CONTENTS

DIRECTORS’ REPORT 3
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 5
CONSOLIDATED STATEMENT OF FINANCIAL POSITION 6
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 7
CONSOLIDATED STATEMENT OF CASH FLOWS 8
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 9
DIRECTORS’ DECLARATION 19
INDEPENDENT AUDITOR’S REVIEW REPORT 20
AUDITOR’S INDEPENDENCE DECLARATION 22

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

2

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

DIRECTORS’ REPORT

Your directors present their report, together with the financial statements of Predictive Discovery Limited (PDI or the Company) and controlled entities (the Group) for the half year ended 31 December 2025.

DIRECTORS

The names of the Company’s directors in office during the half-year and until the date of this report are as below. Directors were in office for this entire period unless otherwise stated.

Mr Simon Jackson Non-Executive Chairman Mr Andrew Pardey Managing Director Ms Sandra Bates Executive Director Mr Steven Michael Non-Executive Director Mr Alberto Lavandeira Non-Executive Director

RESULTS

The consolidated loss after income tax of the Group for the half year after providing for income tax amounted to $12,884,912 (31 December 2024: $7,853,798).

CORPORATE

Cash Position

PDI had cash and term deposits of $42,982,776 as at 31 December 2025.

REVIEW OF OPERATIONS

During the half-year, the Company continued to focus on advancing its Bankan Gold Project (Bankan or the Project) located in Guinea, West Africa, and also announced a merger with Robex Resources Inc (Robex).

Following completion of the Bankan Definitive Feasibility Study (DFS) in June 2025, PDI continued to advance execution readiness plans for the Project during the half-year, with various key preparatory workstreams completed. Planning for additional site investigation programs required for detailed design were completed, front-end engineering and detailed design scopes have been established, and initial contracting and tendering requirements identified to support future execution. Preliminary earthworks were commenced to improve site access and further execution-readiness actions are scheduled to commence following the award of the Exploitation Permit and in alignment with Robex’s development team post-merger.

Environmental and social workstreams continued to advance, including development and implementation of the key management plans and action plans, further specialist biodiversity studies and planning for reforestation programs within the project footprint and adjacent to the Buffer Zone of the Upper Niger National Park.

PDI initiated a process to seek funding for Bankan’s construction during the half-year. The funding strategy and discussions with counterparties continues to evolve in light of the current strong gold price environment and the upcoming merger with Robex, which together are expected to materially reduce the external funding needed for the Project.

The merger with Robex was announced in October 2025 to create West Africa’s next mid-tier gold producer by combining Robex’s Kiniero Mine in Guinea and Nampala Mine in Mali with PDI’s Bankan Project in Guinea with expected production of more than 400kozpa of gold by 2029.[1] The merger is expected to significantly reduce the funding and

1 2029 production based on Bankan 2029 estimated production of 272koz Au (assuming first production commences in April 2028) as reported in the Definitive Feasibility Study for Bankan (as released by Predictive to ASX on 25 June 2025 in its announcement titled “Bankan DFS Confirms Outstanding Project Economics”) and Kiniero 2029 estimated production of 155koz Au as reported by Robex in the updated feasibility study for the Kiniero (as released by Robex to ASX on 22 August 2025 in its announcement titled “Amendment to Kiniero Gold Project Technical Report”). PDI confirms, and Robex has confirmed to PDI, that all the material assumptions underpinning the production targets for Bankan and Kiniero (respectively) in the previous announcements continue to apply and have not materially changed.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

3

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

execution risk of Bankan’s development, by leveraging Robex’s experienced development team and cash flows from the company’s operations.

Transaction terms with Robex were revised in December 2025 in response to Perseus Mining’s acquisition proposal for PDI. The exchange ratio was revised to 7.862 PDI shares for each Robex share, resulting in fully diluted ownership of 53.5% for PDI shareholders and 46.5% for Robex shareholders. Robex shareholders approved the merger in late December 2025 and received Québec Superior Court approval in mid-January 2026. The merger is expected to complete in the first quarter of 2026 following receipt of final approvals and consents.

SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS

There were no significant changes in the state of affairs of the Group during the financial half-year.

EVENTS SUBSEQUENT TO BALANCE SHEET DATE

On the 14th of January 2026, the Company announced that Robex has obtained final order from the Superior Court of Quebec approving the proposed plan of arrangement under Quebec law pursuant to which the Company, through its direct wholly owned subsidiary will acquire all of the issued and outstanding common shares of Robex. Closing of the Transaction is subject to the satisfaction of the remaining closing conditions, including receipt of the consents of the Government of Guinea and Mali and is expected to occur in Q1 2026.

9,135,568 ordinary shares were issued as a result of cashless exercise of 14,000,000 options exercised at $0.30 expiring 30 June 2026.

There are no matters or circumstances which have arisen since the end of the half year which significantly affected or could significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.

AUDITOR’S INDEPENDENCE DECLARATION

A copy of the lead auditor’s independence declaration as required by Section 307c of the Corporations Act 2001 is included within the Financial Report.

Signed in accordance with a resolution of Directors:

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Andrew Pardey Managing Director

23 February 2026

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE HALF-YEAR ENDED 31 DECEMBER 2025

Note
Finance income
Employee benefits expenses
Share based payments expense
6
Administrative expenses
2
Depreciation of fixed assets
Depreciation – Rights of Use assets
Foreign exchange gain/(loss)
Indirect Foreign taxes
Exploration expenditure pre-right to tenure
VAT impairment expense
10
Disposal of fixed asset
Loss before income tax
Income tax expense
Net loss for the year
Other comprehensive income
Item that may be reclassified subsequently to operating result
Foreign currency translation
Total comprehensive (loss)/profit for the year
(Loss)/profit attributable to:
Members of the parent entity
Basic loss per share (cents per share)
Diluted loss per share (cents per share)
Consolidated
31 December
2025
$
31 December
2024
$
1,374,255
493,158
(189,920)
(193,513)
(2,254,198)
(2,358,733)
(4,646,545)
(1,695,228)
(173,140)
(238,711)
(68,696)
(78,175)
20,687
92,069
(833,322)
-
(4,100,747)
(2,761,439)
(2,013,286)
(1,112,124)
-
(1,102)
(12,884,912)
(7,853,798)
-
-
(12,884,912)
(7,853,798)
(4,012,413)
8,867,931
(16,897,325)
1,014,133
(16,897,325)
1,014,133
(0.005)
(0.003)
(0.005)
(0.003)
Consolidated
31 December
2025
$
31 December
2024
$
1,374,255
493,158
(189,920)
(193,513)
(2,254,198)
(2,358,733)
(4,646,545)
(1,695,228)
(173,140)
(238,711)
(68,696)
(78,175)
20,687
92,069
(833,322)
-
(4,100,747)
(2,761,439)
(2,013,286)
(1,112,124)
-
(1,102)
(12,884,912)
(7,853,798)
-
-
(12,884,912)
(7,853,798)
(4,012,413)
8,867,931
(16,897,325)
1,014,133
(16,897,325)
1,014,133
(0.005)
(0.003)
(0.005)
(0.003)
(7,853,798)
-
(7,853,798)
8,867,931
1,014,133
1,014,133
(0.003)
(0.003)

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025

Note
Current Assets
Cash and cash equivalents
Other financial assets – term deposits
Trade and other receivables
Inventory
Total current assets
Non-Current Assets
Property, plant and equipment
3
Exploration and evaluation expenditure
4
Right of use assets
Investment in listed company
Total non-current assets
Total assets
Current Liabilities
Trade and other payables
5
Lease liabilities
Total current liabilities
Total liabilities
Net Assets
Equity
Issued capital
6
Reserves
Accumulated losses
Total Equity
Consolidated
31 December
2025
$
30 June
2025
$
42,982,776
41,210,041
-
28,020,000
1,286,336
1,306,319
228,489
262,090
44,497,601
70,798,450
10,736,204
517,212
164,896,244
159,565,524
384,785
24,236
414,045
414,046
176,431,278
160,521,018
220,928,879
231,319,468
6,549,256
2,682,205
360,602
-
6,909,858
2,682,205
6,909,858
2,682,205
214,019,021
228,637,263
296,741,347
295,615,814
7,519,298
10,825,399
(90,241,624)
(77,803,950)
214,019,021
228,637,263
Consolidated
31 December
2025
$
30 June
2025
$
42,982,776
41,210,041
-
28,020,000
1,286,336
1,306,319
228,489
262,090
44,497,601
70,798,450
10,736,204
517,212
164,896,244
159,565,524
384,785
24,236
414,045
414,046
176,431,278
160,521,018
220,928,879
231,319,468
6,549,256
2,682,205
360,602
-
6,909,858
2,682,205
6,909,858
2,682,205
214,019,021
228,637,263
296,741,347
295,615,814
7,519,298
10,825,399
(90,241,624)
(77,803,950)
214,019,021
228,637,263
70,798,450
517,212
159,565,524
24,236
414,046
160,521,018
231,319,468
2,682,205
-
2,682,205
2,682,205
228,637,263
295,615,814
10,825,399
(77,803,950)
228,637,263

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE HALF-YEAR ENDED 31 DECEMBER 2025

CONSOLIDATED
At 1 July 2024
Profit/ (loss) attributable to members
Other comprehensive income
Total comprehensive loss for the year
Transactions with owners in their capacity as owners:
Issue of shares - Exercise of options
Transfer from exercise of options
Options lapsed
Share-based payments
Transaction costs
At 31 December 2024
At 1 July 2025
Profit/ (loss) attributable to members
Other comprehensive income
Total comprehensive loss for the year
Transactions with owners in their capacity as owners:
Issue of shares - Exercise of options
Transfer from exercise of options – ZEPOS Exercised
Options lapsed
Share-based payments
Transaction costs
At 31 December 2025
Issued Capital
Accumulated Losses
Foreign Currency
Translation Reserve
Share Based
Payments
Reserve
Total
$
$
$
$
$
225,509,442
(65,949,659)
3,711,790
6,674,367
169,945,940
-
(7,853,798)
-
-
(7,853,798)
-
-
8,867,931
-
8,867,931
-
(7,853,798)
8,867,931
-
1,014,133
560,000
-
-
-
560,000
221,707
-
-
(221,707)
-
-
308,516
-
(308,516)
-
-
-
-
2,358,731
2,358,731
(8,739)
-
-
-
(8,739)
226,282,410
(73,494,941)
12,579,721
8,502,875
173,870,065
295,615,814
(77,803,950)
2,398,275
8,427,124
228,637,263
-
(12,884,912)
-
-
(12,884,912)
-
-
(4,012,413)
-
(4,012,413)
-
(12,884,912)
(4,012,413)
-
(16,897,325)
50,000
-
-
-
50,000
1,100,648
-
-
(1,100,648)
-
-
447,238
-
(447,238)
-
-
-
-
2,254,198
2,254,198
(25,115)
-
-
-
(25,115)
296,741,347
(90,241,624)
(1,614,138)
9,133,436
214,019,021

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

7

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877


CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE HALF-YEAR ENDED 31 DECEMBER 2025

Note
Cash flows from operating activities
Interest received
Payments to suppliers and employees
Net cash (used in) operating activities
Cash flows from investing activities
Receipt of other financial assets
Payment for other financial assets
Payments for exploration expenditure
Payments for purchase of plant and equipment
Net cash (outflow) from investing activities
Cash flows from financing activities
Proceeds from issue of shares
Proceeds from exercise of options
Payment for share issue costs
Payment of lease liabilities
Net cash inflow from financing activities
Net (decrease) in cash and cash equivalents held
Effect of exchange rate on Cash and Cash Equivalents
Cash and cash equivalents at beginning of the half-year
Cash and cash equivalents at the end of the half-year
Consolidated
31 December
2025
31 December
2024
$
$
1,374,255
835,262
(7,873,957)
(1,357,345)
(6,499,702)
(522,083)
28,000,000
23,000,000
-
-
(9,231,680)
(23,306,831)
(10,405,142)
(407,185)
8,363,178
(714,016)
-
-
50,000
560,000
(25,115)
(8,739)
(68,613)
(72,928)
(43,728)
478,333
1,819,748
(757,766)
(47,013)
73,849
41,210,041
29,434,172
42,982,776
28,750,255
Consolidated
31 December
2025
31 December
2024
$
$
1,374,255
835,262
(7,873,957)
(1,357,345)
(6,499,702)
(522,083)
28,000,000
23,000,000
-
-
(9,231,680)
(23,306,831)
(10,405,142)
(407,185)
8,363,178
(714,016)
-
-
50,000
560,000
(25,115)
(8,739)
(68,613)
(72,928)
(43,728)
478,333
1,819,748
(757,766)
(47,013)
73,849
41,210,041
29,434,172
42,982,776
28,750,255
(522,083)
23,000,000
-
(23,306,831)
(407,185)
(714,016)
-
560,000
(8,739)
(72,928)
478,333
(757,766)
73,849
29,434,172
28,750,255

The accompanying notes form part of these financial statements

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

8

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTES TO THE FINANCIAL STATEMENTS

NOTE 1: SUMMARY OF MATERIAL ACCOUNTING POLICIES

(a) Basis of Preparation

This consolidated interim financial report for the half year ended 31 December 2025 are general purpose financial statements that have been prepared in accordance with the requirements of the Corporations Act 2001 and Australian Accounting Standard AASB 134: Interim Financial Reporting, as appropriate for a profit-oriented entity. Compliance with AASB 134 ensures compliance with International Financial Reporting Standard IAS134: Interim Financial Reporting.

The financial statements were authorised for issue, in accordance with the resolution of directors, on 23r[d] February 2026.

The interim financial report is intended to provide users with an update on the latest annual financial statements of Predictive Discovery Limited and controlled entities (the Group). This interim consolidated financial report does not include all the notes normally included in an annual financial report. It is therefore recommended that this interim financial report be read in conjunction with the annual financial report of the Group for the year ended 30 June 2025, together with any public announcements made during the half year. The same accounting policies and methods of valuation have been followed in this interim financial report as were applied in the most recent annual financial report.

(b) Going Concern

The financial report has been prepared on the going concern basis, which contemplates continuity of normal business activities and the realisation of assets and the settlement of liabilities in the normal course of business. The Group incurred a loss of $12,884,912 (31 December 2024: $7,853,798) and incurred cash outflows from operating activities of $15,731,382 (December 2024: $23,828,914) for the half year ended 31 December 2025. As at 31 December 2025 the Group had net assets of $214,019,021 (30 June 2025: $228,637,263) and continues to incur expenditure on its exploration tenements drawing on its cash balances.

The ability of the Company and the Group to continue to pay its debts as and when they fall due is dependent upon the Company successfully raising additional share capital and ultimately developing its mineral properties. The Directors believe that they will continue to be successful in securing additional funds through equity issues as and when the need to raise working capital arises.

The financial report has been prepared on the basis that the Group can meet its commitments as and when they fall due and can therefore continue normal business activities, and the realisation of assets and liabilities in the ordinary course of business. The financial report does not include any adjustments in relation to the recoverability and classification of recorded asset amounts or to the amounts and classification of liabilities that might be necessary should the Group not continue as going concern.

(c) New, revised or amending Accounting Standards and Interpretations adopted

The Group has adopted all the new and revised Accounting Standards and Interpretations issued by the Australian Accounting Standards Board that are mandatory for the current reporting period. The adoption of these new and revised Accounting Standards and Interpretations has not resulted in a significant or material change to the Group’s accounting policies.

Any new, revised or amending Accounting Standards or Interpretations that are not yet mandatory have not been early adopted by the Group.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

9

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 2: ADMINISTRATIVE EXPENSES
Legal, professional and consultancy fees
Advertising and marketing
Compliance fees
Recruitment fees
IT & telecommunication expenses
Travel and accommodation fees
Insurance
Other expenses
NOTE 3: PROPERTY, PLANT AND EQUIPMENT
Balance at the beginning of the period
Additions
Disposal
Depreciation expense
NOTE 4: EXPLORATION AND EVALUATION EXPENDITURE
Carrying amount at beginning of year
Expenditure incurred
Expenditure acquired
Capitalised exploration written off
Consolidated
31 December
2025
$
31 December
2024
$
3,669,425
707,359
366,378
335,911
31,353
54,526
-
67,697
129,158
128,208
218,871
245,076
210,543
88,518
20,817
67,933
4,646,545
1,695,228
Consolidated
31 December
2025
$
30 June
2025
$
517,212
579,766
10,392,132
395,437
-
(1,033)
(173,140)
(456,958)
10,736,204
517,212
Consolidated
31 December
2025
$
30 June
2025
$
159,565,524
122,141,747
5,330,720
37,423,777
-
-
-
-
164,896,244
159,565,524

The Group has capitalised exploration expenditure of $164,896,244 (30 June 2025: $159,565,524). This amount includes costs directly associated with exploration and the purchase of exploration properties. These costs are capitalised as an exploration asset until assessment and / or drilling of the permit is complete and the results have been evaluated. These direct costs include employee remuneration, materials, permit rentals and payments to contractors. The expenditure is carried forward until such a time as the area moves into the development phase, is abandoned or sold. The ultimate recovery of the carrying value of exploration expenditure is dependent upon the successful development and commercial exploitation or, alternatively, sale of the interest in the tenements.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

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PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

Consolidated
31 December
2025
$
30 June
2025
$
NOTE 5: TRADE AND OTHER PAYABLES
Trade payables
1,151,476
1,628,328
Other payables and accruals
1,528,126
586,268
Foreign indirect tax provision1
3,869,654
467,609
6,549,256
2,682,205
1.The amount of $3,869,654 includes a total of $290,420 of VAT
Consolidated
31 December
2025
$
30 June
2025
$
NOTE 6: ISSUED CAPITAL
2,626,297,541 (30 June 2025: 2,620,436,686) Ordinary Shares
295,615,814
311,656,849
Share issue during the period
1,150,648
-
Share issue costs written off against issued capital
(25,115)
(16,041,035)
296,741,347
295,615,814
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2025
2,620,436,686
-
311,656,849
Issue of shares from exercise of options
166,667
$0.3
50,000
Issue of shares from exercise of ZEPOS
2,031,250
-
334,688
Issue of shares from cashless exercise of options
3,662,938
-
748,939
Transfer from reserves to share capital
17,021
Transaction costs
-
-
(16,066,150)
At 31 December 2025
2,626,297,541
-
296,741,347
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2024
2,346,901,983
-
239,785,888
Issue of shares from exercise of options
4,000,000
$0.14
560,000
Transfer from reserves to share capital
-
-
221,707
Transaction costs
-
-
(14,285,185)
At 31 December 2024
2,350,901,983
-
226,282,410
Options
Listed
Options
Value
Unlisted
Options
Value
No.
$
No.
$
At 1 July 2025
-
-
37,562,500
4,806,662
Exercise of options to shares
-
-
(9,531,250)
(1,100,648)
Options lapsed
-
-
(3,562,500)
(444,293)
Vesting from prior year
-
-
-
48,500
At 31 December 2025
-
-
24,468,750
3,310,221
Consolidated
31 December
2025
$
30 June
2025
$
NOTE 5: TRADE AND OTHER PAYABLES
Trade payables
1,151,476
1,628,328
Other payables and accruals
1,528,126
586,268
Foreign indirect tax provision1
3,869,654
467,609
6,549,256
2,682,205
1.The amount of $3,869,654 includes a total of $290,420 of VAT
Consolidated
31 December
2025
$
30 June
2025
$
NOTE 6: ISSUED CAPITAL
2,626,297,541 (30 June 2025: 2,620,436,686) Ordinary Shares
295,615,814
311,656,849
Share issue during the period
1,150,648
-
Share issue costs written off against issued capital
(25,115)
(16,041,035)
296,741,347
295,615,814
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2025
2,620,436,686
-
311,656,849
Issue of shares from exercise of options
166,667
$0.3
50,000
Issue of shares from exercise of ZEPOS
2,031,250
-
334,688
Issue of shares from cashless exercise of options
3,662,938
-
748,939
Transfer from reserves to share capital
17,021
Transaction costs
-
-
(16,066,150)
At 31 December 2025
2,626,297,541
-
296,741,347
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2024
2,346,901,983
-
239,785,888
Issue of shares from exercise of options
4,000,000
$0.14
560,000
Transfer from reserves to share capital
-
-
221,707
Transaction costs
-
-
(14,285,185)
At 31 December 2024
2,350,901,983
-
226,282,410
Options
Listed
Options
Value
Unlisted
Options
Value
No.
$
No.
$
At 1 July 2025
-
-
37,562,500
4,806,662
Exercise of options to shares
-
-
(9,531,250)
(1,100,648)
Options lapsed
-
-
(3,562,500)
(444,293)
Vesting from prior year
-
-
-
48,500
At 31 December 2025
-
-
24,468,750
3,310,221
Consolidated
31 December
2025
$
30 June
2025
$
NOTE 5: TRADE AND OTHER PAYABLES
Trade payables
1,151,476
1,628,328
Other payables and accruals
1,528,126
586,268
Foreign indirect tax provision1
3,869,654
467,609
6,549,256
2,682,205
1.The amount of $3,869,654 includes a total of $290,420 of VAT
Consolidated
31 December
2025
$
30 June
2025
$
NOTE 6: ISSUED CAPITAL
2,626,297,541 (30 June 2025: 2,620,436,686) Ordinary Shares
295,615,814
311,656,849
Share issue during the period
1,150,648
-
Share issue costs written off against issued capital
(25,115)
(16,041,035)
296,741,347
295,615,814
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2025
2,620,436,686
-
311,656,849
Issue of shares from exercise of options
166,667
$0.3
50,000
Issue of shares from exercise of ZEPOS
2,031,250
-
334,688
Issue of shares from cashless exercise of options
3,662,938
-
748,939
Transfer from reserves to share capital
17,021
Transaction costs
-
-
(16,066,150)
At 31 December 2025
2,626,297,541
-
296,741,347
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2024
2,346,901,983
-
239,785,888
Issue of shares from exercise of options
4,000,000
$0.14
560,000
Transfer from reserves to share capital
-
-
221,707
Transaction costs
-
-
(14,285,185)
At 31 December 2024
2,350,901,983
-
226,282,410
Options
Listed
Options
Value
Unlisted
Options
Value
No.
$
No.
$
At 1 July 2025
-
-
37,562,500
4,806,662
Exercise of options to shares
-
-
(9,531,250)
(1,100,648)
Options lapsed
-
-
(3,562,500)
(444,293)
Vesting from prior year
-
-
-
48,500
At 31 December 2025
-
-
24,468,750
3,310,221
Consolidated
31 December
2025
$
30 June
2025
$
NOTE 5: TRADE AND OTHER PAYABLES
Trade payables
1,151,476
1,628,328
Other payables and accruals
1,528,126
586,268
Foreign indirect tax provision1
3,869,654
467,609
6,549,256
2,682,205
1.The amount of $3,869,654 includes a total of $290,420 of VAT
Consolidated
31 December
2025
$
30 June
2025
$
NOTE 6: ISSUED CAPITAL
2,626,297,541 (30 June 2025: 2,620,436,686) Ordinary Shares
295,615,814
311,656,849
Share issue during the period
1,150,648
-
Share issue costs written off against issued capital
(25,115)
(16,041,035)
296,741,347
295,615,814
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2025
2,620,436,686
-
311,656,849
Issue of shares from exercise of options
166,667
$0.3
50,000
Issue of shares from exercise of ZEPOS
2,031,250
-
334,688
Issue of shares from cashless exercise of options
3,662,938
-
748,939
Transfer from reserves to share capital
17,021
Transaction costs
-
-
(16,066,150)
At 31 December 2025
2,626,297,541
-
296,741,347
Shares
Shares
Issue Price
Value
No.
$
$
At 1 July 2024
2,346,901,983
-
239,785,888
Issue of shares from exercise of options
4,000,000
$0.14
560,000
Transfer from reserves to share capital
-
-
221,707
Transaction costs
-
-
(14,285,185)
At 31 December 2024
2,350,901,983
-
226,282,410
Options
Listed
Options
Value
Unlisted
Options
Value
No.
$
No.
$
At 1 July 2025
-
-
37,562,500
4,806,662
Exercise of options to shares
-
-
(9,531,250)
(1,100,648)
Options lapsed
-
-
(3,562,500)
(444,293)
Vesting from prior year
-
-
-
48,500
At 31 December 2025
-
-
24,468,750
3,310,221
295,615,814
Value
$
311,656,849
50,000
334,688
748,939
17,021
(16,066,150)
2,626,297,541
-
296,741,347
Shares
Issue Price
No.
$
2,346,901,983
-
4,000,000
$0.14
-
-
-
-
Value
$
239,785,888
560,000
221,707
(14,285,185)
2,350,901,983
-
226,282,410
Value
Unlisted
Options
Value
$
No.
$
-
37,562,500
4,806,662
-
(9,531,250)
(1,100,648)
-
(3,562,500)
(444,293)
-
-
48,500
- -
24,468,750
3,310,221

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

11

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 6: ISSUED CAPITAL (Continued)

Options
At 1 July 2024
Exercise of options to shares
Options lapsed
Vesting from prior year
At 31 December 2024
Listed
Options
Value
Unlisted
Options
Value
No.
$
No.
$
-
-
62,937,500
6,637,959
-
-
(4,000,000)
(221,706)
-
-
(2,500,000)
(308,516)
-
-
-
484,819
-
-
56,437,500
6,592,556

PERFORMANCE RIGHTS

At 1 July 2025
Performance share lapsed
Vesting from prior year
At 31 December 2025
At 1 July 2024
Issue of Performance Rights
Vesting from prior year
At 31 December 2024
Performance
Rights
Value
No.
$
73,880,000
3,620,462
(200,000)
(2,945)
-
2,205,698
73,680,000
5,823,215
Performance
Rights
Value
No.
$
24,250,000
36,406
47,500,000
1,209,505
-
664,409
71,750,000
1,910,320

There was no performance rights issued in the period from July to December 2025.

The performance rights issued in the period from 1 July 2024 to 30 June 2025 were valued by applying a Black-Scholes option pricing model taking into account the terms and conditions upon which the performance rights were granted. The following table lists the inputs to the model for the performance rights:

  1. On 8 July 2024, 2,850,000 Short Term Incentive (STI) and 11,400,000 Long Term Incentive expiring 8 July 2029 were issued as part of the long-term employee incentive plan. The vesting conditions are as follows:

2,850,000 STI expiring 8 July 2029

  • 427,500 issued in tranche 1 - STI objective - Demonstrate Bankan expansion potential - Increase to Resource and Reserves.

  • 570,000 issued in tranche - STI objective - Permits - Bankan exploitation permit issued by: 31/12/24 (Target 100% achieved); or 30/6/25 (Target 50% achieved).

  • 427,500 issued in tranche 3 - STI objective - Compliance and ESG - Maintaining compliance with permits received.

  • 570,000 issued in tranche 4 - STI objective- DFS - DFS for the Bankan Project completed and announced by 30/6/25. These have lapsed at 30/6/25 as the conditions have not been met.

  • 285,000 issued in tranche 5 - STI objective - Safety - The 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) is below 3.

  • 285,000 issued in tranche 6 - STI objective - Environment - There are no significant reportable environmental incidents.

  • 285,000 issued in tranche 7 - STI objective -Diversity - Ensure that at least 20% of all staff are female.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

12

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 6: ISSUED CAPITAL (Continued)

11,400,000 STI expiring 8 July 2029

  • 1,710,000 issued in tranche 8 - LTI measure - TSR relative to the constituents of the Peer Group over the Vesting Period (vesting at 50th percentile)

  • 5,700,000 issued in tranche 9 – LTI measure - Regional discovery/ resource growth - Measured as compound annual resource growth.

  • 1,140,000 issued in tranche 10 - LTI measure - Sustainability metrics - Diversity: Measured against annual targets for gender diversity.

  • 1,140,000 issued in tranche 11 - LTI measure - Sustainability metrics - National staff development: Measured against annual targets for national workforce at operating sites.

  • 1,710,000 issued in tranche 12 - LTI measure - Sustainability metrics - Local content: Measured against annual targets for local content at Bankan project.

There is a service-based criteria attached to each of the tranches of STI - The employee has to remain employed or otherwise engaged by the Company (or any of its subsidiaries) for a period of not less than 24 months from the date of issue.

Date of Issue
Number of performance rights
Dividend yield (%)
Expected volatility (%)1
Risk free interest rate (%)
Exercise price ($)
Expected life of options (years)
Share price at grant date ($)
Value per performance right ($)
Expensed during the half year
STI Tranche 1-7
LTI Tranche 8
LTI Tranche 9-12
08/7/2024
08/7/2024
08/7/2024
2,280,000
1,710,000
9,690,000
Nil
Nil
Nil
62.5%
62.5%
62.5%
4.193%
4.121%
4.121%
Nil
Nil
Nil
5
5
5
$0.185
$0.185
$0.185
$0.1850
$0.1505
$0.1850
$104,306
$42,893
$239,020
  1. On 14 August 2024, 6,650,000 Short Term Incentive (STI) and 26,600,000 Long Term Incentive expiring 14 August 2029 were issued as part of the long-term employee incentive plan. The vesting conditions are as follows:

6,650,000 STI expiring 14 August 2029

  • 997,500 issued in tranche 1 - STI objective - Demonstrate Bankan expansion potential - Increase to Resource and Reserves.

  • 1,330,000 issued in tranche - STI objective - Permits - Bankan exploitation permit issued by: 31/12/24 (Target 100% achieved); or 30/6/25 (Target 50% achieved). This target has not been achieved and these performance rights have lapsed at 30/6/25.

  • 997,500 issued in tranche 3 - STI objective - Compliance and ESG - Maintaining compliance with permits received.

  • 1,330,000 issued in tranche 4 - STI objective- DFS - DFS for the Bankan Project completed and announced by 30/6/25. This target was achieved as the DFS was announced on the 26/6/2025.

  • 665,000 issued in tranche 5 - STI objective - Safety - The 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) is below 3.

  • 665,000 issued in tranche 6 - STI objective - Environment - There are no significant reportable environmental incidents.

  • 665,000 issued in tranche 7 - STI objective -Diversity - Ensure that at least 20% of all staff are female.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

13

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 6: ISSUED CAPITAL (Continued)

26,600,000 LTI expiring 14 August 2029

  • 3,990,000 issued in tranche 8 - LTI measure - TSR relative to the constituents of the Peer Group over the Vesting Period (vesting at 50th percentile)

  • 13,300,000 issued in tranche 9 – LTI measure - Regional discovery/ resource growth - Measured as compound annual resource growth.

  • 2,660,000 issued in tranche 10 - LTI measure - Sustainability metrics - Diversity: Measured against annual targets for gender diversity.

  • 2,660,000 issued in tranche 11 - LTI measure - Sustainability metrics - National staff development: Measured against annual targets for national workforce at operating sites.

  • 3,990,000 issued in tranche 12 - LTI measure - Sustainability metrics - Local content: Measured against annual targets for local content at Bankan project.

There is a service-based criteria attached to each of the tranches of STI. The employee has to remain employed or otherwise engaged by the Company (or any of its subsidiaries) for a period of not less than 24 months from the date of issue.

Date of Issue
Number of performance rights
Dividend yield (%)
Expected volatility (%)1
Risk free interest rate (%)
Exercise price ($)
Expected life of options (years)
Share price at grant date ($)
Value per performance right ($)
Expensed during the half year
STI Tranche 1-7
LTI Tranche 8
LTI Tranche 9-12
29/7/2024
29/7/2024
29/7/2024
6,650,000
3,990,000
22,610,000
Nil
Nil
Nil
60%
60%
60%
4.052%
3.97%
3.97%
Nil
Nil
Nil
5
5
5
$0.185
$0.185
$0.185
$0.1850
$0.1450
$0.1850
$240,772
$95,036
$549,681

2,000,000 STI expiring 20 June 2029

  • 300,000 issued in tranche 1 - STI objective - Demonstrate Bankan expansion potential - Increase to Resource and Reserves.

  • 400,000 issued in tranche 2 - STI objective - Permits - Bankan exploitation permit issued by: 30/6/2025 (Target 100% achieved); or 30/9/25 (Target 50% achieved). 400,000 of the performance rights have lapsed.

  • 300,000 issued in tranche 3 - STI objective - Compliance and ESG - Maintaining compliance with permits received.

  • 400,000 issued in tranche 4 - STI objective- DFS - DFS for the Bankan Project completed and announced by 30/6/25. This target was achieved as the DFS was announced on the 26/6/25.

  • 200,000 issued in tranche 5 - STI objective - Safety - The 12-month rolling Total Recordable Injury Frequency Rate (TRIFR) is below 3.

  • 200,000 issued in tranche 6 - STI objective - Environment - There are no significant reportable environmental incidents.

  • 200,000 issued in tranche 7 - STI objective -Diversity - Ensure that at least 20% of all staff are female.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

14

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 6: ISSUED CAPITAL (Continued)

8,000,000 LTI expiring 20 June 2029

  • 1,200,000 issued in tranche 8 - LTI measure - TSR relative to the constituents of the Peer Group over the Vesting Period (vesting at 50th percentile).

  • 4,000,000 issued in tranche 9 – LTI measure - Regional discovery/ resource growth - Measured as compound annual resource growth.

  • 800,000 issued in tranche 10 - LTI measure - Sustainability metrics - Diversity: Measured against annual targets for gender diversity.

  • 800,000 issued in tranche 11 - LTI measure - Sustainability metrics - National staff development: Measured against annual targets for national workforce at operating sites.

  • 1,200,000 issued in tranche 12 - LTI measure - Sustainability metrics - Local content: Measured against annual targets for local content at Bankan project.

There is a service-based criteria attached to each of the tranches of STI. The employee has to remain employed or otherwise engaged by the Company (or any of its subsidiaries) for a period of not less than 24 months from the date of issue.

Date of Issue
Number of performance rights
Dividend yield (%)
Expected volatility (%)
Risk free interest rate (%)
Exercise price ($)
Expected life of options (years)
Share price at grant date ($)
Value per performance right ($)
Expensed during the financial year
No of performance rights unvested
during the period
STI Tranche 1-7
LTI Tranche 8
LTI Tranche 9-12
30/4/2025
30/4/2025
30/4/2025
1,800,000
1,200,000
6,800,000
Nil
Nil
Nil
65%
65%
65%
3.275%
3.277%
3.277%
Nil
Nil
Nil
4.14
4.14
4.14
$0.365
$0.365
$0.365
$0.365
$0.3035
$0.365
$70,489
$43,959
$299,580
200,000
-
-

NOTE 7: SEGMENT INFORMATION

The Group has identified its operating segments based on the internal reports that are reviewed and used by the Board of Directors (chief operating decision makers) in assessing performance and determining the allocation of resources.

The Group operates as two segments, which are gold exploration and evaluation within Australia and Guinea.

The Group is domiciled in Australia. Segment revenues are allocated based on the country in which the customer is located. Segment assets are allocated to countries based on where the assets are located.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

15

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 7: SEGMENT INFORMATION (Continued)

Half Year Ended 31 December 2025
Other income
Expenses/FX differences
Loss for the period
At 31 December 2025
Current assets
Plant and equipment
Right of Use Asset
Exploration expenditure
Intercompany loans
Current liabilities
Right of Use Liability
Net Assets
Half Year Ended 31 December 2024
Other income
Expenses/FX differences
Loss for the period
At 31 December 2024
Current assets
Plant and equipment
Right of Use Asset
Exploration expenditure
Intercompany loans
Current liabilities
Right of Use Liability
Net Assets
Corporate
$
Guinea
$
Consolidated
$
1,374,255
-
1,374,255
(8,106,128)
(6,153,039)
(14,259,167)
(6,731,873)
(6,153,039)
(12,884,912)
36,571,090
8,340,556
44,911,646
-
10,736,204
10,736,204
-
384,785
384,785
-
164,896,244
164,896,244
204,626,309
(204,626,309)
-
(1,046,583)
(5,502,673)
(6,549,256)
-
(360,602)
(360,602)
240,150,816
(26,131,795)
214,019,021
493,158
-
493,158
(5,525,591)
(2,821,365)
(8,346,956)
(5,032,433)
(2,821,365)
(7,853,798)
28,297,320
1,553,383
29,850,703
-
747,138
747,138
-
103,405
103,405
-
150,971,675
150,971,675
151,526,591
(151,526,591)
-
(1,446,274)
(6,270,183)
(7,716,457)
-
(86,399)
(86,399)
178,377,637
(4,507,572)
173,870,065

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

16

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 8: CONTROLLED ENTITIES

PERCENTAGE PERCENTAGE
COUNTRY OF **OWNED (%) *** **OWNED (%) ***
INCORPORATION 31 DEC 2025 30 JUNE 2025
Subsidiaries:
Ivoirian Resources Pty Ltd Australia 20% 20%
Bougouni Resources Pty Ltd Australia 100% 100%
Kenieba Resources Pty Ltd Australia 100% 100%
Kita Resources Pty Ltd Australia 100% 100%
Tinkisso Pty Ltd Australia 100% 100%
Manoko Resources Pty Ltd Australia 100% 100%
Ivoirian Resources SARL Cote D’Ivoire 20% 20%
Kindia Resources SARLU Guinea 100% 100%
Mamou Resources SARLU Guinea 100% 100%
Tinkisso Resources SARLU Guinea 100% 100%

*Percentage of voting power is in proportion to ownership

NOTE 9: CONTINGENT LIABILITIES AND CONTINGENT ASSETS Contingent Assets

According to Guinean tax law, value added tax (VAT) paid in relation to the Company’s Guinea tenements may be recovered from the Guinea tax authorities if these tenements progress to the development phase. No asset has been recognised in the Consolidated Statement of Financial Position as there is currently no certainty that these tenements will reach the development phase or that the total VAT will be fully recovered in this event. However, a contingent asset exists of $13,258,948 at 31 December 2025 (30 June 2025: $7,275,325) relating to total VAT paid to date. A total of $2,013,287 VAT was paid to the Guinea tax authorities during the half-year period to 31 December 2025 which was expensed in the Statement of Comprehensive Income and foreign exchange loss of $162,831 relating to the VAT was recognised in the Statement of Comprehensive Income. Prior year TVA receivable for an amount of $4,133,166 was recognised as a result of a correspondence received from the Guinea tax office acknowledging the debt.

NOTE 10: RELATED PARTY TRANSACTIONS

Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties unless otherwise stated.

Other than intercompany loans and remuneration of Key Management Personnel, there were no other related party transactions during the half year.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

17

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

NOTE 11: EVENTS AFTER THE END OF THE REPORTING PERIOD

On the 14th of January 2026, the Company announced that Robex has obtained final order from the Superior Court of Quebec approving the proposed plan of arrangement under Quebec law pursuant to which the Company, through its direct wholly owned subsidiary will acquire all of the issued and outstanding common shares of Robex. Closing of the Transaction is subject to the satisfaction of the remaining closing conditions, including receipt of the consents of the Government of Guinea and Mali and is expected to occur in Q1 2026.

9,135,568 ordinary shares were issued as a result of cashless exercise of 14,000,000 options exercised at $0.30 expiring 30 June 2026.

There are no matters or circumstances which have arisen since the end of the half year which significantly affected or could significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

18

PREDICTIVE DISCOVERY LIMITED AND CONTROLLED ENTITIES ACN 127 871 877

DIRECTORS’ DECLARATION

The directors of the Company declare that:

  1. The interim financial statements and notes, as set out on pages 6 to 18, are in accordance with the Corporations Act 2001 and:

  2. (a) comply with Australian Accounting Standard 134 Interim Financial Reporting and the Corporations Regulations 2001 and other mandatory professional reporting requirements; and

  3. (b) give a true and fair view of the financial position as at 31 December 2025 and of the performance for the half year ended on that date of the Group;

  4. In the directors' opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.

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Andrew Pardey Managing Director 23 February 2026

PREDICTIVE DISCOVERY LIMITED INTERIM FINANCIAL REPORT

19

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INDEPENDENT AUDITOR’S REVIEW REPORT

TO THE MEMBERS OF PREDICTIVE DISCOVERY LIMITED

Report on the Half-Year Financial Report

Conclusion

We have reviewed the half-year financial report of Predictive Discovery Limited (the company) and controlled entities (consolidated entity) which comprises the consolidated statement of financial position as at 31 December 2025, the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the half-year ended on that date, and notes to the financial statements, including material accounting policy information and the directors’ declaration of the consolidated entity comprising the company and the entities it controlled at 31 December 2025, or during the half year.

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the accompanying half-year financial report of Predictive Discovery is not in accordance with the Corporations Act 2001 including:

  • (a) giving a true and fair view of the consolidated entity’s financial position as at 31 December 2025 and of its performance for the half-year ended on that date; and

  • (b) complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.

Basis for Conclusion

We conducted our review in accordance with ASRE 2410 Review of a Financial Report Performed by the Independent Auditor of the Entity. Our responsibilities are further described in the Auditor’s Responsibilities for the Review of the Financial Report section of our report.

Independence

We are independent of the company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the annual financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

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20

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Directors’ Responsibility for the Half-Year Financial Report

The directors of the company are responsible for the preparation of the half-year financial report that gives a true and fair view in accordance with the Australian Accounting Standards and the Corporations Act 2001 and for such internal controls as the directors determine is necessary to enable the preparation of the halfyear financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibilities for the Review of the Financial Report

Our responsibility is to express a conclusion on the half-year financial report based on our review. ASRE 2410 requires us to conclude whether we have become aware of any matter that makes us believe that the halfyear financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the consolidated entity’s financial position as at 31 December 2025 and its performance for the half year ended on that date; and complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporation Regulations 2001.

A review of a half-year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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PKF PERTH

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ALEXANDRA SOFIA BALDEIRA PEREIRA CARVALHO PARTNER

23 FEBRUARY 2026

PERTH, WESTERN AUSTRALIA

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AUDITOR’S INDEPENDENCE DECLARATION

TO THE DIRECTORS OF PREDICTIVE DISCOVERY LIMITED

In relation to our review of the financial report of Predictive Discovery Limited for the half year ended 31 December 2025, to the best of my knowledge and belief, there have been no contraventions of the auditor independence requirements of the Corporations Act 2001 or any applicable code of professional conduct.

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PKF PERTH

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ALEXANDRA SOFIA BALDEIRA PEREIRA CARVALHO PARTNER

23 February 2026

PERTH,

WESTERN AUSTRALIA

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