December 2025 Half-Year Financial Results

• Iron ore sales of 1.35 million wet metric tonnes (Mwmt) for sales revenue of $147.2 million Free on Board (FOB) (1HFY25: 1.27 Mwmt and $160.3 million FOB), including 0.48 Mwmt of low grade iron ore fines. • Profit before tax and impairments of $39.9 million (1HFY25: $18.7 million). • Net loss after tax and impairments of $20.8 million (1HFY25: $71.7 million net loss) reflecting a $60.3 million n