Financial Review Financial Performance and Position The Company reports a statutory net profit after tax of A$7.1 million for the year ended 30 June 2026, compared to a statutory net loss after tax of A$39.2 million as at 30 June 2025. EBITDA for the year was A$50.6 million, compared to a negative A$29.7 million in FY2025. At 30 June 2026, the Company held A$28.2 million (FY2025: A$1.9 million) of cash on hand and had a net working capital surplus of A$16.2 million (FY2025: restated deficit of A$96.8 million). Year ended Measure 2026 2025 2024 2023 2022 Net profit / (loss) after tax A$’000 7,113 (39,228) (14,425) (3,717) (6,063) Net assets A$’000 154,268 36,287 44,330 16,305 14,317 Cash and cash equivalents A$’000 28,180 1,874 3,490 5,336 1,723 Cash flows from operating activities A$’000 (5,595) (16,918) (12,704) (1,393) (3,113) EBITDA A$’000 50,576 (9,513) (5,169) (829) (4,478) Share price at 30 June A$ 0.290 0.040 0.048 0.070 0.047 Basic earnings / (loss) per share Cents 0.18 (1.70) (0.13) (0.26) (0.45) Funding Primary focus during year was to recapitalise the Company and refinance external financing facilities. Key actions completed during the year were as follows: − Raising A$56.5 million in the first half of the year to settle outstanding creditors, reduce debt and provide working capital to progress Company objectives. − Settling A$25.8 million of debt with the issuance of shares in parallel to the capital raises performed in the first half of the year. − Refinancing €15 million of external debt over a three-year period with an interest rate of EURIBOR plus a margin of 5.5% with Traxys Europe S.A. − Receiving A$23.5 million from the exercise of options associated with FY2025 capital raising activity. Shares on Issue Due to the recapitalisation of the Company, issued capital increased to A$198.3 million (FY2025: A$93.5 million, with ordinary shares on issue increasing from 2,727,672,193 to 5,115,488,534). 8 EQ Resources Limited Annual Report 2026
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