Telix Pharmaceuticals Ltd — Earnings Release 2024

May 16, 2024

Telix Pharmaceuticals Limited ACN 616 620 369 55 Flemington Road North Melbourne Victoria, 3051 Australia

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ASX ANNOUNCEMENT

Telix Reports Q1 2024 Financial Performance

Melbourne (Australia) – 17 May 2024 . Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today provides details of its unaudited financial performance for the quarter ended 31 March 2024 (Q1 2024), included in the registration statement on Form F-1 (Registration Statement) intended to be filed by Telix with the United States (U.S.) Securities and Exchange Commission (SEC) today, Friday 17 May 2024 (U.S. time).

Key Q1 2024 highlights[1] :

• Revenue of $175.0M, up 75% on Q1 2023 (the prior corresponding quarter), consistent with the Q1 2024 revenue update provided on 17 April 2024[2] ;

• Research and development investment, including internal and external costs of $38.4M, in line with previously issued guidance[3] ;

• Gross profit of $115.4M, up 84% on prior corresponding quarter;

• Operating profit of $28.5M, up from $5.6M operating loss in prior corresponding quarter, and

• • Closing cash balance of $122.7M, relatively unchanged from 31 December 2023.

Telix intends to provide regular revenue and business updates going forward but is not required to provide quarterly financial statements on an ongoing basis.

About Telix Pharmaceuticals Limited

Telix is a biopharmaceutical company focused on the development and commercialisation of diagnostic and therapeutic radiopharmaceuticals and associated medical devices. Telix is headquartered in Melbourne, Australia, with international operations in the United States, Europe (Belgium and Switzerland), and Japan. Telix is developing a portfolio of clinical and commercial stage products that aims to address significant unmet medical needs in oncology and rare diseases. Telix is listed on the Australian Securities Exchange (ASX: TLX).

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended (Securities Act). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Telix Investor Relations

Ms. Kyahn Williamson Telix Pharmaceuticals Limited SVP Investor Relations and Corporate Communications Email: kyahn.williamson@telixpharma.com

This announcement has been authorised for release by the Board of Telix Pharmaceuticals Limited.

1 All figures are in AUD$. Q1 2024 financial results do not include the acquisitions of ARTMS Inc, IsoTherapeutics Group and QSAM Biosciences which were completed after 31 March 2024.

2 Telix ASX disclosure 17 April 2024.

3 Telix ASX disclosure 22 February 2024 and 17 April 2024.

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Legal Notices

The information contained in this announcement is not intended to be an offer for subscription, invitation or recommendation with respect to shares of Telix Pharmaceuticals Limited (Telix) in any jurisdiction, including the United States. No representation or warranty, express or implied, is made in relation to the accuracy or completeness of the information contained or opinions expressed in the course of this announcement. The information contained in this announcement is subject to change without notification.

This announcement may contain forward-looking statements that relate to anticipated future events, financial performance, plans, strategies or business developments. Forward-looking statements can generally be identified by the use of words such as “may”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “outlook”, “forecast” and “guidance”, or other similar words. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements are based on the Company’s good-faith assumptions as to the financial, market, regulatory and other risks and considerations that exist and affect the Company’s business and operations in the future and there can be no assurance that any of the assumptions will prove to be correct. In the context of Telix’s business, forward-looking statements may include, but are not limited to, statements about: the initiation, timing, progress and results of Telix’s preclinical and clinical studies, and Telix’s research and development programs; Telix’s ability to advance product candidates into, enrol and successfully complete, clinical studies, including multi-national clinical trials; the timing or likelihood of regulatory filings and approvals, manufacturing activities and product marketing activities; the commercialisation of Telix’s product candidates, if or when they have been approved; estimates of Telix’s expenses, future revenues and capital requirements; Telix’s financial performance; developments relating to Telix’s competitors and industry; and the pricing and reimbursement of Telix’s product candidates, if and after they have been approved. Telix’s actual results, performance or achievements may be materially different from those which may be expressed or implied by such statements, and the differences may be adverse. Accordingly, you should not place undue reliance on these forward-looking statements. You should read this announcement together with our risk factors, as disclosed in our most recently filed reports with the ASX or on our website.

To the maximum extent permitted by law, Telix disclaims any obligation or undertaking to publicly update or revise any forward-looking statements contained in this announcement, whether as a result of new information, future developments or a change in expectations or assumptions.

©2024 Telix Pharmaceuticals Limited. The Telix Pharmaceuticals® and Illuccix® names and logos are trademarks of Telix Pharmaceuticals Limited and its affiliates – all rights reserved.

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