SSH GROUP LTD — Interim / Quarterly Report 2026

Feb 24, 2026

Contents

Contents
General Information	4
Directors’ Report	4
Auditor’s Independence Declaration	9
Condensed Consolidated Statement of Profit or Loss & Other Comprehensive Income	10
Condensed Consolidated Statement of Financial Position	11
Condensed Consolidated Statement of Changes in Equity	12
Condensed Consolidated Statement of Cash Flows	13
Notes to Condensed Consolidated Financial Statements	14
Directors’ Declaration	26
Independent Auditor’s Review Report	27

DIRECTORS’ REPORT

General Information

The consolidated condensed Financial Report of SSH Group Ltd (“the Company”) as at and for the six months ended 31 December 2025 comprise the Company and its subsidiaries (together referred to as “the Group”). The Financial Statements are presented in Australian dollars, which is the Group’s functional and presentation currency.

Registered Office

Level 4, 88 William St, Perth, Western Australia, 6000

A description of the nature of the Group’s operations and its principal activities are included in the Directors’ Report, which is not part of the Financial Statements.

The Financial Statements were authorised for issue, in accordance with a resolution of the Directors on 24[th] February 2026.

Directors’ Report

In accordance with the Corporations Act 2001 , the SSH Group Ltd (ABN 79 140 110 130) (referred to hereafter as the ‘Company’), and its subsidiaries (referred to hereafter as the ‘Group’) provides this Report for the six months ended 31 December 2025.

Directors

The Directors who held office during or since the end of the period are:

Daniel Cowley-Cooper	Managing Director
Stefan Finney	Executive Director
Bruce Lane (retired 25 August 2025)	Non-Executive Chairman
Kevin Malaxos (appointed 1 July 2025)	Non-Executive Director

Company Secretary

Jennifer Voon

Shares and Units on Issue

Shares issued in the Company during the period totalled 34,638,043 increasing the total shares on issue to 108,978,329.

Principal Activities

The Group’s principal activities included delivering equipment and workforce solutions to the mining, civil and construction sectors through the SSH Hire vertical. SSH also successfully launched its Mining Services vertical, achieving its first revenue contribution within the reporting period.

Dividends

There were no dividends paid, recommended, or declared during the current or comparative period for the six months ended 31 December 2025.

1H FY26 FINANCIAL PERFORMANCE

PROFIT & LOSS

Description	1H FY26	1H FY25	Variance3
Revenue	$24.2m	$19.3m	25% Increase
EBITDA1	$3.9m	$3.4m	16% Increase
EBIT	$1.9m	$1.3m	51% Increase
NPAT	$1.1m	$0.03m	3323% Increase
Earnings per share (cents)	1.20	0.05	2300% Increase

BALANCE SHEET

Description	1H FY26	1H FY25	Variance
Cash Balance	$6.6m	$2.2m	200% Increase
Total Assets	$41.0m	$39.5m	4% Increase
Total Liabilities2	$26.9m	$31.9m	16% Decrease
Total Equity	$14.1m	$7.6m	86% Increase

1 The Group reports EBITDA and EBIT as key financial measures that reflect core earnings, adjusted for interest, tax, and for EBITDA depreciation and amortisation.

2 Operating asset debt refers to the net balance on the Group’s total hire purchase liabilities that are funding the revenue generating equipment assets. This operating asset debt forms part of total liabilities.

3 Variances calculated above is on the actual value, a slight difference in % variance may be noticed when calculating variance on rounded numbers.

REVIEW OF OPERATIONS

STRATEGIC FOCUS AND MARKET POSITIONING

SSH Group delivered a significant step forward in the execution of its Hire | Mine | Own strategy, accelerating its transition toward a vertically integrated diversified metals and mining company.

The period marked a clear inflection point for the Group, with SSH moving beyond traditional industrial services into active mine development and operational delivery across its mining project portfolio. By leveraging its established business units and operational capability, SSH continued to position itself as a mining industry resource provider, mining services provider and a long-term development partner.

SSH continued aligning its internal structure to support this evolution, strengthening collaboration across divisions and enhancing execution capability. In parallel, the Company maintained a disciplined and selective growth strategy, prioritising opportunities that leverage operational strength while building long-term exposure to strategic resource assets.

OPERATIONAL PERFORMANCE AND FINANCIAL STRENGTH

Operationally, SSH recorded strong activity levels during the half year, supported by expanding miningrelated work and improved utilisation across its hire platforms. Increased deployment across gold development projects contributed to revenue growth and strengthened profitability compared to the prior corresponding period.

Revenue increased to $24.2M, representing a 25% improvement on PCP, driven by increased operational delivery and the expanding contribution from mining services. EBITDA improved to $3.9M, up 16%, reflecting improved operating leverage as the business scales. EBIT increased to $1.9M, a 51% increase, while profit after tax improved significantly to $1.1M, highlighting the operational momentum achieved during the period.

The Group materially strengthened its financial position during the half year. Cash increased to $6.6M, while total equity increased to $14.1M. SSH maintained a continued focus on capital discipline, including reducing operating asset debt while also funding strategic growth initiatives.

BUSINESS DEVELOPMENT AND GROWTH

SSH advanced several strategic milestones during the half year, reinforcing its evolution into a vertically integrated diversified metals and mining company.

SSH Mining continued to advance its operational footprint across multiple gold projects during the period, delivering drilling programs and early-stage development activities that are progressing assets toward near-term production. A key highlight was the High-Tech Metals Limited Mt Fisher – Wagtail Gold Project, where SSH holds profit-share arrangements. During the period, approximately 3,000 metres of RC drilling commenced, with early results confirming strong grade continuity and supporting initial mine planning assumptions, further reinforcing the project’s development potential

A key corporate milestone during the period was the completion of a $2.53M strategic placement to Shandong Xinhai Mining Group Co, establishing a strategic alliance that materially strengthens SSH’s access to global mining and mineral processing capability.

The Board was further strengthened with the appointment of mining industry veteran Mr Kevin Malaxos as Non-Executive Director, effective 1 July 2025, reinforcing governance and strategic oversight as the Company continues to scale within mining.

SSH continues to pursue disciplined growth across its three operating verticals, aligned with the Group’s Hire | Mine | Own strategy, combining operational delivery, mining services execution and long-term project participation to build sustainable earnings and exposure to high-quality resource assets.

OUTLOOK

SSH enters the second half of FY26 with strong operational momentum, a growing mining services pipeline and gold projects advancing through drilling, technical studies and development planning.

SSH remains focused on disciplined capital allocation, balance sheet strength and execution across its expanding mining portfolio. Through its Hire | Mine | Own strategy, the Group is growing its hire, mining and ownership platforms, generating operational cash flow while building long-term commodity exposure across the mining value chain.

Auditor’s Independence Declaration

A copy of the Auditor’s Independence Declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this Director’s Report.

This Report is made in accordance with a resolution of the Directors pursuant to section 306(3)(a) of the Corporations Act 2001.

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Daniel Cowley- Cooper Managing Director

24[th] February 2026

FINANCIALS

Auditor’s Independence Declaration

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Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income

For the half year ended 31 December 2025

Note	31 Dec 2025 31 Dec 2024
Revenue 0NOTE2 Cost of Sales Gross Profit Other income 0NOTE2 Expenses Employee benefits expense Administration costs Depreciation and amortisation expense Finance costs Occupancy expenses Profit before income tax Tax benefit / (expense) Net profit for the period Net profit attributable to: Owners of the parent entity Non-controlling interest Earnings per share From operations: Basic earnings per share (cents) NOTE2 Diluted earnings per share (cents)	24,157,122 19,293,721 (17,282,338) (12,698,056)
	6,874,784 6,595,665 (11,701) 23,046 (2,250,634) (2,444,765) (579,553) (709,724) (1,983,610) (2,084,626) (1,001,514) (1,228,037) (125,472) (103,238)
	922,300 48,321 217,957 (15,007)
	1,140,257 33,314
	1,140,257 33,314 - -
	1,140,257 33,314
	1.20 0.05 1.20 0.05

Condensed Consolidated Statement of Financial Position

As at 31 December 2025

Note	31 Dec 2025 30 Jun 2025
Current Assets Cash and cash equivalents NOTE8 Trade and other receivables NOTE8 Contract Assets NOTE8 Other Assets 0 Total Current Assets Non-Current Assets Property, Plant and Equipment NOTE8 Deferred Tax Assets Intangible Assets NOTE8 Other Non-Current Assets NOTE8 Right of Use Assets NOTE9 Total Non-Current Assets Total Assets Current Liabilities Trade and Other Payables NOTE10 Lease Liabilities NOTE10 Borrowings NOTE10 Provisions NOTE10 Total Current Liabilities Non-Current Liabilities Borrowings NOTE10 Lease Liabilities NOTE10 Provisions NOTE10 Total Non-Current Liabilities Total Liabilities Net Assets Equity Issued Capital NOTE13 Reserves Accumulated Losses Total Equity	6,651,041 3,954,228 5,879,296 6,424,383 210,986 981,287 721,473
	13,722,610 11,100,084
	20,206,347 22,500,116 764,592 546,635 5,704,818 5,701,103 241,440 386,753 383,722 469,404
	27,300,919 29,604,011
	41,023,529 40,704,095
	4,991,249 5,954,200 6,708,399 6,594,078 5,635,135 5,333,126 208,648 171,789
	17,543,431 18,053,193
	- 387,243 9,316,588 12,680,749 47,938 33,375
	9,364,526 13,101,367
	26,907,957 31,154,560
	14,115,572 9,549,535
	13,198,902 9,961,530 2,139,150 1,950,742 (1,222,480) (2,362,737)
	14,115,572 9,549,535

Condensed Consolidated Statement of Changes in Equity

For the half year ended 31 December 2025

Note	Note	Issued equity / Capital Reserves Retained Earnings Total Equity
Balance at 01 Jul 2025		9,961,530 1,950,742 (2,362,737) 9,549,535
Profit after income tax for the period		- - 1,140,257 1,140,257
Total comprehensive income for the year		- - 1,140,257 1,140,257
Shares issued for placement (net of		3,237,372 3,237,372
capital raising costs)
Fair value of performance rights issued during prior period		- 188,408 188,408
Balance at 31 Dec 2025		13,198,902 2,139,150 (1,222,480) 14,115,572
Balance at 01 Jul 2024		8,493,858 1,950,742 (2,892,446) 7,552,154
Profit after income tax for the period		- - 33,314 33,314
Total comprehensive income for the year		- - 33,314 33,314
Capital raising costs
Conversion of performance rights
Balance at 31 Dec 2024		8,493,858 1,950,742 (2,859,132) 7,585,468

Condensed Consolidated Statement of Cash Flows

For the half year ended 31 December 2025

Note

31 Dec 2025 31 Dec 2024 27,517,020 23,297,714 (23,591,609) (19,519,573) 469 2,772 (972,018) (1,220,104) 2,953,862 2,560,809 732,393 803,366 (293,612) (27,583) (210,394) - 49 228,387 775,832 3,113,450 - (315,246) - 1,231,210 2,903,697 (4,514,850) (6,639,443) (485,436) (3,735,746) 2,696,813 (399,105) 3,954,228 2,601,463 6,651,041 2,202,358

Cash Flows from Operating Activities Receipts from customers Payments to suppliers and employees Interest received Finance costs Net cash generated by operating activities Cash Flows from Investing Activities Proceeds from disposal of property, plant and equipment Purchase of property, plant and equipment Purchase of investments Proceeds from sale of investments Net cash generated by investing activities Cash Flows from Financing Activities Proceeds from issues of equity securities Payment of capital raising/share issue costs Proceeds from borrowings other Repayment of borrowings other Net cash (used in) / provided by financing activities Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period 0

Notes to Condensed Consolidated Financial Statements

NOTE 1. Material Accounting Policies

Basis of preparation

SSH Group Limited (Company) is a for-profit company domiciled in Australia. The condensed consolidated interim financial report of the Company as at and for the six months ended 31 December 2025 comprise the Company and its subsidiaries (together referred to as the “Group”).

The Group is a portfolio of industrial service businesses focused on service delivery to the mining, civil and construction industries.

This condensed interim financial report does not include notes of the type normally included in an annual report and should be read in conjunction with the most recent annual financial report, found on the Company’s website at www.sshgroup.com.au.

The accounting policies adapted in preparing this half year financial report are consistent with those adopted in the Group’s 2025 financial report.

Going concern

The half year financial report has been prepared on the going concern basis which contemplates the continuity of normal business activity, the realisation of assets and the settlement of liabilities in the ordinary course of business.

For the period ended 31 December 2025 the Group incurred a profit after tax of $1,140,257 and net operating cash inflows for the period of $2,953,862 (2024: operating cash inflows $2,560,809). As at 31 December 2025, the group has a working capital deficit of $3,820,821.

At the date of this report, the group has demonstrated positive operating cash inflows and improved trading performance during the half-year ended 31 December 2025, with operating cashflows exceeding budget expectations.

The directors have reviewed management’s cashflow projections, which are supported by:

• Continued revenue generation from established Workforce, Rental and Mining operations, including recurring and contracted income streams;

• Demonstrated operating cash inflows during the current financial year;

• Ongoing focus on disciplined cost management and operational efficiency and

• No reliance on uncommitted equity raisings

The Group continues to actively manage its working capital position and debt obligations and has historically met its financing commitments as they fall due.

The Directors have prepared a cash flow forecast which indicates that the consolidated entity will have sufficient cash flows to meet all commitments and working capital requirements for the 12month period following the signing of this financial report.

NOTE 2. Revenue and Other Income

	31 Dec 2025 31 Dec 2024
Sources of revenue Revenue from agreements with customers SSH Hire (Rental + Workforce) SSH Mining SSH Corporate Total revenue Other income Interest received Gain on disposal of property, plant, and equipment Insurance/debtor recoveries Sub lease rental income Total other income Total revenue and other income	23,569,564 19,445,586 951,718 - (364,160) (151,865)
	24,157,122 19,293,721
	682 2,792 (29,013) 2,889 6,610 665 10,020 16,700
	(11,701) 23,046
	24,145,421 19,316,767

NOTE 3. Earnings Per Share

	31 Dec 2025 30 Jun 2025
Profit after income tax Weighted average number of ordinary shares outstanding during the year used in calculating basic EPS Basic profit / (loss) per share Diluted profit / (loss) per share	1,140,258 33,312 94,944,033 65,899,853 1.20 0.05 1.20 0.05

NOTE 4. Cash and Cash Equivalents

	31 Dec 2025 30 Jun 2025
Cash at bank Cash on hand	6,650,588 3,953,775 453 453
	6,651,041 3,954,228

Reconciliation of cash

Reconciliation of cash
Cash and cash equivalents at the end of the financial year as shown in the Statement of Cash Flows is reconciled to items in the Statement of Financial Position as follows: Cash and cash equivalents	6,651,041 3,954,228
	6,651,041 3,954,228

NOTE 5. Trade and Other Receivables

	31 Dec 2025 30 Jun 2025
Current Trade receivables Accrued income Provision for impairment Total current trade and other receivables Total trade and other receivables	5,524,706 5,806,261 388,727 626,526 (34,137) (8,404)
	5,879,296 6,424,383
	5,879,296 6,424,383

NOTE 6. Other Assets

	31 Dec 2025 30 Jun 2025
Current Inventory Prepayments Contract Assets Other Current Assets Total current other assets Non-Current Security deposits Receivable Borrowing costs prepaid Other non-current assets Total non-current other assets Total other assets	21,498 21,498 909,740 699,975 210,986 - 50,049 -
	1,192,273 721,473
	31 Dec 2025 30 Jun 2025 76,315 172,436 83,821 113,221 74,204 93,996 7,100 7,100
	241,440 386,753
	1,433,714 1,108,226

NOTE 7. Property, Plant, and Equipment

	31 Dec 2025 30 Jun 2025
Plant and equipment At cost Accumulated depreciation Motor Vehicles At cost Accumulated depreciation Computers and Office Equipment At cost Accumulated depreciation Leasehold Improvements At cost Accumulated depreciation Total property, plant, and equipment	14,422,683 14,738,448 (4,617,810) (4,091,651)
	9,804,873 10,646,797
	15,243,462 16,383,544 (5,191,409) (4,680,159)
	10,052,053 11,703,385
	490,536 462,024 (440,934) (418,859)
	49,602 43,165
	444,696 218,292 (144,877) (111,523)
	299,819 106,769
	20,206,347 22,500,116

NOTE 7. Property, Plant, and Equipment Cont

	Plant and Equipment Motor Vehicles Computers and Office Equipment Leasehold Improvements Total
Balance at 1 Jul 2025 Additions Disposals Depreciation expense Balance at 31 Dec 2025 Balance at 1 Jul 2024 Additions Disposals Depreciation expense Balance at 30 June 2025	10,646,797 11,703,385 43,165 106,769 22,500,116 53,005 - 30,581 226,405 309,991 (368,770) (1,140,083) (2,070) - (1,510,923) (526,159) (511,250) (22,073) (33,355) (1,092,837)
	9,804,873 10,052,052 49,603 299,819 20,206,347
	11,549,050 14,389,921 77,437 141,380 26,157,788 960,388 209,643 - 3376 1,173,407 (250,955) (883,976) - - (1,134,931) (1,611,686) (2,012,203) (34,272) (37,987) (3,696,148)
	10,646,797 11,703,385 43,165 106,769 22,500,116

NOTE 8. Intangibles

	31 Dec 2025 30 Jun 2025
Goodwill Cost Accumulated impairment Net carrying amount Intellectual Property Cost Accumulated impairment Net carrying amount Website Development Costs Costs Accumulated amortisation and impairment Net carrying amount Total intangible assets	5,626,585 5,622,920 - -
	5,626,585 5,622,920
	60,000 60,000 - -
	60,000 60,000 86,614 87,162 (68,381) (68,979)
	18,233 18,183
	5,704,818 5,701,103

Management assessed whether any impairment trigger events occurred during the half year & concluded there were no impairment trigger events.

NOTE 9. Right-of-Use Assets

	31 Dec 2025 30 Jun 2025
Right of use assets Leased assets Accumulated depreciation Total right of use asset Movement in carrying amounts: Opening net carrying amount Leased assets acquired during the year Leased assets terminated during the year Depreciation expense Net carrying amount at end of period	511,746 1,203,417 (128,024) (734,013)
	383,722 469,404
	469,404 846,930 372,095 139,652 (289,703) (139,162) (168,074) (378,016)
	383,722 469,404

AASB 16-Related Amounts Recognised in the Statement of Profit or Loss

	31 Dec 2025	31 Dec 2024
Right of use assets
Depreciation charge related to right-of-use assets	168,074	200,256
Interest expense on lease liabilities	19,546	25,116

NOTE 10. Trade and Other Payables

	31 Dec 2025 30 Jun 2025
Current Trade payables Sundry payables and accrued expenses Other current liabilities Total Trade and other Payables	4,115,004 4,097,174 858,915 1,158,001 17,330 699,025
	4,991,249 5,954,200

NOTE 11. Borrowings and Lease liabilities

	31 Dec 2025 30 Jun 2025
Current Unsecured liabilities – amortised cost: Insurance premium funding (Borrowings) Secured liabilities – amortised cost: Debtor finance facility (Borrowings) Bank loans Hire Purchase liabilities mortgage loans Right of use asset liabilities Other Total current borrowings Non-Current Secured lease liabilities – amortised: Hire Purchase liabilities mortgage loans Right of use asset liabilities Other Total non-current lease liabilities Total borrowings and lease liabilities	924,895 437,348 4,710,240 4,807,632 - - 6,486,343 6,201,896 222,056 392,181 - 88,147
	12,343,534 11,927,204
	9,094,745 12,532,010 221,843 148,739 - 387,243
	9,316,588 13,067,992
	21,660,122 24,995,196

NOTE 12. Provisions

	31 Dec 2025 30 Jun 2025
Opening balance Additional provisions Balance at end of period	205,164 381,387 51,422 (176,223)
	256,586 205,164

Analysis of Provisions

		31 Dec 2025 30 Jun 2025
Current Non-current Total provisions NOTE 13. Issued Capital		208,648 171,789 47,938 33,375
		256,586 205,164
		31 Dec 2025 30 Jun 2025 14,787,446 11,235,124 (1,588,544) (1,273,594) 13,198,902 9,961,530 Qty $ 74,340,286 9,961,530 34,638,043 3,710,829 - (473,457) 108,978,329 13,198,902
108,978,329 fully paid ordinary shares (30 June 2025; 74,340,286 fully paid ordinary shares) Less: Share issue and capital raising costs
Movement for the period
At the beginning of the reporting period Share issue and capital raising Capital raising cost At the end of the reporting period

NOTE 14. Financial Reporting by Segments

a) Identification of Reportable Segments

The Group operated in three primary segments in the six months to 31 December 2025, Rental Equipment (Rental) , Workforce Solutions (Workforce) and Mining Services (Mining) . The Corporate segment is the Group’s corporate and shared services function.

b) Segment Results

Segment Performance

31 December 2025	SSH Hire SSH Mining SSH Corporate Group Total Workforce Rental
External sales Intersegment sales Total segment revenue Segment profit from operations Depreciation and amortisation Finance and interest costs Tax (expense)/ benefit Net profit	17,008,279 5,777,125 951,718 420,000 24,157,122 420,000 364,160 - (784,160) -
	17,428,279 6,141,285 951,718 (364,160) 24,157,122
	1,356,074 3,503,504 (134,484) (817,670) 3,907,424
	(3,926) (1,900,396) (79,288) (1,983,610) (234,510) (753,233) (423) (13,348) (1,001,514) (247,323) (227,849) 112,691 580,438 217,957
	870,315 622,026 (22,216) (329,868) 1,140,257
31 December 2024	SSH Hire SSH Mining SSH Corporate Group Total
	Workforce Rental
External sales Intersegment sales Total segment revenue Segment profit from operations Depreciation and amortisation Finance and interest costs Tax (expense)/ benefit Net profit	12,863,639 6,535,082 - (105,000) 19,293,721 5,769 41,096 - (46,865) -
	12,869,408 6,576,178 - (151,865) 19,293,721
	546,573 3,833,705 - (1,019,294) 3,360,984
	(35,467) (1,945,695) - (103,464) (2,084,626) (201,701) (1,014,512) - (11,824) (1,228,037) 39,106 (251,067) - 196,954 (15,007)
	348,511 622,431 - (937,628) 33,314

Segment Assets and Liabilities

SSH Hire SSH Mining SSH Corporate Group Total Workforce Rental Segment assets 31 December 2025 7,331,771 20,721,396 383,637 12,586,725 41,023,529 30 June 2025 8,704,035 24,209,280 - 7,790,780 40,704,095 Segment liabilities 31 December 2025 6,704,848 19,342,816 529,393 330,900 26,907,957 30 June 2025 7,219,679 22,952,769 - 982,112 31,154,560 NOTE 15. Related Party Transactions The following persons were Directors during the financial period, and this table contains details of the benefits and payments received during the period: 31 Dec 2025 31 Dec 2024 Executive Director Salaries Daniel Cowley Cooper 160,384 159,219 Stefan Finney 160,961 147,096 321,345 306,315 Director Fees and Services Provided Bruce Lane Chairman (Retired since 25 Aug 2025) 11,000 - Daniel Cowley Cooper Managing Director 16,667 - Stefan Finney Executive Director 27,500 - Kevin Malaxos Non-Executive Director (Since 1 July 2025) 28,002 - Jennifer Voon Company Secretary 38,500 - Sonu Cheema Company Secretary (Retired) - 8000 Carly Terzanidis Company Secretary (Retired) - 17,000 121,669 25,000	SSH Hire SSH Mining SSH Corporate Group Total Workforce Rental
	7,331,771 20,721,396 383,637 12,586,725 41,023,529 8,704,035 24,209,280 - 7,790,780 40,704,095
	6,704,848 19,342,816 529,393 330,900 26,907,957 7,219,679 22,952,769 - 982,112 31,154,560
Executive Director Salaries Daniel Cowley Cooper Stefan Finney Director Fees and Services Provided Bruce Lane Chairman (Retired since 25 Aug 2025) Daniel Cowley Cooper Managing Director Stefan Finney Executive Director Kevin Malaxos Non-Executive Director (Since 1 July 2025) Jennifer Voon Company Secretary Sonu Cheema Company Secretary (Retired) Carly Terzanidis Company Secretary (Retired)

NOTE 16. Subsequent Events

There have been no subsequent events post 31 December 2025 that would affect the interpretation of these financial statements, prior to the signing of these accounts.

NOTE 17. Commitments

Other than as elsewhere disclosed in this half year report there no material commitments for the Group as of 31 December 2025 (30 June 2025 nil).

NOTE 18. Contingencies

There are no Contingent Liabilities as of 31 December 2025 (30 June 2025 nil).

Directors’ Declaration

The Directors of the Company declare that:

1. The financial statements and notes as set out on pages 10 to 25, are in accordance with the Corporations Act 2001 , and:

• i. Comply with Accounting Standard AASB 134: Interim Financial Reporting ; and

• ii. Give 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.

2. In the Directors’ opinion there are reasonable grounds to believe that the Consolidated Entity 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 pursuant to section 305(5)(a) of the Corporations Act 2001 (Cth) and is signed for and on behalf of the Directors by:

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Daniel Cowley-Cooper Managing Director 24th February 2026

Independent Auditor’s Review Report

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