ANNUAL REPORT June 2026 Notes to the Consolidated Financial Statements (iv) Rounding of amounts The Company is an entity to which ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2026/183 applies. Accordingly, amounts in the financial report and Directors' Report have been rounded off to the nearest thousand dollars, unless otherwise stated. (d) Change in presentation of expenses During the year, the Group revised the level of aggregation of certain expense line items presented in the Consolidated Statement of Profit or Loss and Other Comprehensive Income. Certain expenses that were presented separately in the prior year have been grouped into broader expense categories in the current year to provide a clearer and more concise presentation of the Group’s financial performance. Comparative information for the year ended 30 June 2025 has been reclassified to conform with the current year presentation. The changes relate only to the presentation and aggregation of expense line items and have no impact on total revenue and other income, total expenses, profit or loss, total comprehensive income, net assets or equity previously reported. Further information regarding the nature of material expenses is provided in Note 5. (e) Correction of prior year errors The Company has restated the Consolidated Statement of Profit or Loss and Other Comprehensive Income and Consolidated Statement of Changes in Equity as at 30 June 2025 due to share based payments, a correction of A$4.8 million of options issued to third parties that related to cash consideration only, or as part of capital management or funding activities, these arrangements fall outside the scope of AASB 2 and are accounted for as equity transactions under AASB 132. The error has been corrected by restatement of the affected financial statement line items for the prior period as follows: Consolidated balance sheet (extract) 30 June 2025 (Previously stated) SBP correction 30 June 2025 (*) Restated A$’000 A$’000 A$’000 Issued capital 98,246 (4,759) 93,487 Reserves 13,718 – 13,718 Accumulated losses (75,677) 4,759 (70,918) Total Equity 36,287 – 36,287 (f) Prior year reclassification Management identified A$19.1 million requiring reclassification within opening equity, corrected retrospectively per AASB 108 to the 1 July 2024 accumulated losses balance: • A$12.3 million: net FY2024 restatement (bargain purchase gain A$12.8 million, less depreciation restatement A$0.5 million), first identified in the FY2025 comparative period; and • A$6.8 million: derecognition of retained losses on the 1 July 2024 MtCRM joint venture buyout from Cronimet. Accumulated losses at 1 July 2024 are restated from A$(17.4 million) to A$(36.4 million). 50 EQ Resources Limited Annual Report 2026 Notes to the Consolidated Financial Statements continued
RkJQdWJsaXNoZXIy MjE2NDg3