1HFY26 Results Release

• Turnaround underway focused on capital allocation, free cash flow generation including sale of assets and expense management; Aircraft trading activity ceased • NTA of $2.22 per share as at 31 December 2025 a discount to independent fleet valuation • Revised FY26 PBT guidance of $35-40m Alliance’s Managing Director, Stewart Tully, said, “Despite increased revenues and record flight hours in the