ANNUAL REPORT June 2026 Notes to the Consolidated Financial Statements (aa) New accounting standards and interpretations The Group has adopted all new and amended Australian Accounting Standards and Interpretations issued by the AASB that are mandatorily effective for the annual reporting period beginning 1 July 2025. The adoption of these standards did not have a material impact on the Group's financial statements. Certain new accounting standards and amendments have been published that are not mandatory for the 30 June 2026 reporting period and have not been early adopted by the Group. These are set out below, together with the Group's assessment of their expected impact. The Group intends to adopt each standard from its effective date. Standard Nature of change Effective date (periods beginning on/after) First mandatory FY for the Group (30 June y/e) Expected impact on the Group AASB 18 Presentation and Disclosure in Financial Statements (replaces AASB 101) Introduces defined categories (operating, investing, financing, income taxes, discontinued operations) for the statement of profit or loss, requires disclosure of management-defined performance measures, and enhances aggregation/disaggregation requirements. 1 January 2027 30 June 2028 Expected to have a material presentation impact. The Group has not yet completed its assessment. An implementation project should be scoped during FY2027 given the lead time required. AASB 2024-2 Amendments to the Classification and Measurement of Financial Instruments (amends AASB 9 and AASB 7) Clarifies assessment of contractual cash flow characteristics for classification purposes, clarifies derecognition of financial liabilities settled via electronic payment systems, and adds disclosures for equity investments at FVOCI and instruments with contingent features. 1 January 2026 30 June 2027 Not expected to have a material impact on the Group's financial statements. AASB 2024-3 Amendments to Australian Accounting Standards – Annual Improvements Volume 11 (amends AASB 1, 7, 9, 10, 107) Minor clarifications, including lessee accounting for extinguishment of a lease liability (AASB 9) — relevant given the Group's right-of-use asset base — and de facto agent determination (AASB 10). 1 January 2026 30 June 2027 Not expected to have a material impact on the Group's financial statements. AASB S2 - Climate-related Disclosures Requires disclosure of climate-related risks and opportunities that could reasonably be expected to affect cash flows, access to finance or cost of capital. Covers governance, strategy, risk management, and metrics and targets, including scenario analysis and Scope 1, 2 and 3 emissions. Mandatory only for entities reporting under Chapter 2M of the Corporations Act 2001 that meet the Group thresholds. 1 July 2026 (Group 2 entities) 30 June 2027 Not expected to affect recognition or measurement in the financial statements. The Group is a Group 2 entity and will be required to make these disclosures in its sustainability report from FY2027. 64 EQ Resources Limited Annual Report 2026 Notes to the Consolidated Financial Statements continued
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