ANNUAL REPORT June 2026 Remuneration Report - Audited Following the benchmarking advice, the Board approved the following FY2027 remuneration packages for Executive KMPs: Executive Position Base Salary Superannuation STI % of Base Salary LTI % of Base Salary Craig Bradshaw Managing Director A$750,000 A$ 32,500 70% 100% Jonathan Kort Chief Financial Officer A$500,000 A$ 32,500 60% 75% Virna Trout General Counsel and Company Secretary A$325,000 A$ 32,500 50% 60% (i) EQ Resources’ Financial Performance EQ Resources’ financial performance for the five year to 30 June 2026 is summarised below and the relationship between results and performance is discussed: Measure 2026 2025 2024 2023 2022 Net profit / (loss) after tax A$m 7.1 (39.2) (14.4) (3.7) (6.1) Net assets A$m 154.3 36.3 44.3 16.3 14.3 Cash and cash equivalents A$m 28.2 1.9 3.5 5.3 1.7 Cash flows from operating activities A$m (5.6) (16.9) (12.7) (1.4) (3.1) EBITDA A$m 50.6 (9.5) (5.2) (0.8) (4.5) Share price at 30 June A$ 0.29 0.041 0.048 0.07 0.047 Basic earnings/(loss) per share cents 0.18 (1.70) (0.13) (0.26) (0.45) Dividend paid A$m Nil Nil Nil Nil Nil The profit for the consolidated Group for the financial year after tax amounted to A$7.1 million (2025: restated loss of A$39.2 million). This is the Group's first profitable year. The Group has created value for shareholders through: • Achieving the Group's first full year of profitability, with net profit after tax of A$7.1 million (2025: loss of A$39.2 million), supported by an improvement in Adjusted EBITDA to A$50.6 million (2025: loss of A$9.5 million); • Strengthening the balance sheet through an institutional placement and related share issues raising approximately A$111.0 million in gross proceeds during the year; • Converting approximately A$24.9 million of related-party and other debt to equity, reducing the Group's reliance on debt funding; • Securing a €15.0 million offtake prepayment facility with Traxys for Saloro S.L.U., diversifying the Group's funding sources. EQ Resources Limited Annual Report 2026 41
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