Interim Results Period Ended 31 December 2025

Cloudbreak Discovery Plc (LSE: CDL), a leading London listed natural resources company unlocking high-grade gold potential through strategic project investments in Western Australia's most prolific mineral belts, is pleased to announce its Interim Results for the six months ended 31 December 2025 ("H2 2025" or the "Period").

Chairmans review of interim period

I am pleased to present the interim results for the six months ended 31 December 2025, a period in which the Company has taken decisive steps to strengthen its financial position and lay the foundations for long-term value creation.

During the period, we remained firmly focused on executing our strategy of building a high-quality portfolio of natural resource projects and royalties. While the Company continues to operate at an early stage, the progress made over the past six months marks a clear transition toward a more robust and opportunity-driven business.

The Group reported a loss of £523,218 for the period (2024: £1,022,322 loss), representing a significant improvement year-on-year. This reflects tighter cost discipline alongside a more focused investment approach. Administrative expenses increased in line with activity levels as we actively advanced our portfolio, while exploration expenditure demonstrates our commitment to developing projects capable of delivering meaningful future returns.

Importantly, the Company materially strengthened its cash position during the period, with cash and cash equivalents increasing to £159,058 (30 June 2025: £53,197). This improvement was driven by successful capital raises, reflecting continued investor support and confidence in our strategy. We also took steps to simplify the balance sheet, including the disposal of non-core financial assets, allowing management to concentrate fully on value-generating opportunities.

Subsequent to the period end, we completed a further £1.85 million fundraise in January 2026. This represents a significant milestone for the Company, substantially enhancing our financial flexibility and providing a clear runway to advance our key projects. These funds will be directed toward the development of our Australian licences and the expansion of our project pipeline, where we see compelling opportunities to create shareholder value.

While the Group reported net liabilities at the period end, the successful post-period financing and continued support from investors demonstrate strong confidence in the Company's direction. The Board believes the Company is now better positioned than at any time in its recent history to execute its growth strategy and deliver on its objectives.

We are operating in a sector that offers considerable upside, particularly for companies with the agility to identify and develop high-potential assets at an early stage. Our model - combining project generation with royalty exposure - provides multiple pathways to value creation while managing risk through diversification and partnerships.

Looking ahead, we are focused on accelerating the advancement of our existing portfolio, securing strategic partnerships, and identifying new opportunities that align with our disciplined investment criteria. We remain committed to prudent capital management while ensuring we are well positioned to capitalise on the opportunities ahead.

On behalf of the Board, I would like to thank our shareholders for their continued support and belief in our strategy. We are confident that the actions taken during and after the period have positioned the Company for a more active and value-focused phase of growth, and we look forward to updating the market on our progress.

Peter Huljich

Other Comprehensive Income:

Items that may be subsequently reclassified to profit or loss

Major non-cash transactions

There were no major non-cash transactions during the period.

NOTES TO THE FINANCIAL STATEMENTS

General information

The Company is a public limited company incorporated and domiciled in England (registered number: 06275976), which is listed on the London Stock Exchange. The registered office of the Company is 167-169 Great Portland Street, Fifth Floor, London, England, W1W 5PF.

Basis of preparation of Financial Statements

The condensed interim financial statements have been prepared in accordance with IAS 34 "Interim Financial Statements" as adopted by the United Kingdom and the Disclosure and Transparency Rules of the UK Financial Conduct Authority. The condensed interim financial statements should be read in conjunction with the annual financial statements for the period ended 30 June 2025, which have been prepared in accordance with UK-adopted international accounting standards.

Statutory financial statements for the period ended 30 June 2025 were approved by the Board of Directors on 24 October 2025 and delivered to the Registrar of Companies. The report of the auditors on those financial statements was unqualified and concluded that a material uncertainty exists that may cast doubt on the group's ability to continue as a going concern. The condensed interim financial statements are unaudited.

Going concern

These financial statements have been prepared on the going concern basis. The Group incurred losses of £523,218 and had net liabilities of £413,647 at 31 December 2025. Following the period end, in January 2026, the Group successfully raised £1,850,000 before placing costs through the issue equity. These funds will be used to further the Group's exploration and evaluation activities at its Australian Licences. The Board have prepared forecasts for the next 12 months and consider that the cash position at the date of this report will be sufficient to meet the Group's ongoing commitments as they fall due over the course of the next 12 months.

Risks and uncertainties

The Board continuously assesses and monitors the key risks of the business. The key risks that could affect the Company's medium term performance and the factors that mitigate those risks have not substantially changed from those set out in the Company's 2025 Annual Report and Financial Statements, a copy of which is available on the Company's website: www.cloudbreakdiscovery.com. The key financial risks are liquidity risk, credit risk, interest rate risk and unlisted investments.

Critical accounting estimates

2.1. Accounting policies

The same accounting policies, presentation and methods of computation are followed in the interim consolidated financial information as were applied in the Group's latest annual audited financial statements except for those that relate to new standards and interpretations effective for the first time for periods beginning on (or after) 1 July 2025, and will be adopted in the 2026 annual financial statements.

Changes in accounting policy and disclosures

New standards and amendments adopted by the Group

The International Accounting Standards Board (IASB) issued various amendments and revisions to International Financial Reporting Standards and IFRIC interpretations. The amendments and revisions were applicable for the period ended 31 December 2025 but did not result in any material changes to the financial statements of the Group or Company.

• New standards, amendments and interpretations in issue but not yet effective or not early adopted

• Dividends
• Investments held by subsidiaries

Financial assets at fair value through profit or loss are as follows:

Investments were classified as held for trading and recorded at their fair values based on quoted market prices (if available). Investments that do not have quoted market prices are measured at cost due to the limited amount of information available related to the fair value of the investments.

Debentures Receivable

Masten Unit, United States (G2 Energy Corp ("G2"))

In August 2025 the Company agreed the sale of a Debenture previously provided to G2 for a total consideration of £175,000, as disclosed in the year end 30 June 2025 Financial Statements, comprising of an upfront payment of £50,000, a deferred payment of £50,000 and the elimination of a debt owed by the Company of £75,000. As a result, the value of the debenture was written down to the sales value of £175,000 at the 30 June 2025. At 31 December 2025 the deferred consideration of £50,000 remained outstanding and is included within Trade and other receivables.

Convertible loan notes

Group

On 28 August 2025 the Company issued 120,000,000 new ordinary shares of £0.001 each at a placing price of £0.0025 per share for gross proceeds of £300,000.

On 5 September 2025 the Company raised gross proceeds of £600,000 through the placing of 126,315,790 ordinary shares at a price of £0.00475 per share. The company issued 30,615,127 ordinary shares pursuant to this placing and borrowed the remaining 95,700,663 ordinary shares from an existing shareholder, Crestmont Invest Inc ("Crestmont") through a Stock Lending Agreement ("Loan Shares"). The Loan shares will be issued to Crestmont following the approval of a prospectus in early 2026. The Stock Lending Agreement does not provide for any interest payments of other cash consideration to be made to Crestmont. At the balance sheet date, £462,232 is included in current liabilities reflecting the cash received in relation to the loan shares.

Earnings per share

The calculation of the basic loss per share of 0.04p (2024: 0.1p) is based on the loss attributable to equity owners of the group of £523,218 (2024: loss of £1,022,322)), and on the weighted average number of ordinary shares of 1,354,064,599 (2024: 905,140,901) in issue during the period.

In accordance with IAS 33, no diluted earnings per share is presented as the effect on the exercise of share options or warrants would be to decrease the loss per share.

Events after the reporting date

On 21 January 2026 the Company completed the acquisition of certain tenements through the issuance of an aggregate of 117,000,000 new ordinary shares of £0.001 each.

On 22 January 2026 the Company raised gross proceeds of £1,850,000 through the issuance of 330,357,145 new ordinary shares at a placing price of £0.0056 per share. The Company also announced that it will issue 330,357,145 warrants exercisable at a 50% premium to the placing price, with a three-year term, upon approval of the prospectus in early 2026.

• Approval of interim financial statements