Annual Report & Accounts for Year End 30 June 2025

Mosman Oil and Gas Limited (AIM: MSMN), the helium, hydrogen and hydrocarbon company, announces that its Annual Report and Accounts for the financial year ended 30 June 2025 have today been released and are available on the Company's website at: www.mosmanoilandgas.com/investors

The Annual Report will also be sent to shareholders who have elected to receive hard copies.

Key Highlights

• Revenue from continued operations increased to AUD $504k (FY24: $186k). Revenue from continuing operations increased during the year, primarily reflecting the acquired production at Sagebrush. On a consolidated basis, revenue decreased materially compared with the prior year due to the absence of revenue from discontinued operations following the divestment of oil assets.
• Net loss of AUD $10.3m (FY24: $1.5m),
• Cash at year-end of AUD $3.9m. Cash balance 25 September 2025 $2.6m.
• Strategic repositioning to helium exploration and development, with Sagebrush in Colorado established as the cornerstone asset.
• Progressing completion of exit from legacy oil interests, aligning operations fully with helium growth strategy.
• Strengthened Board and management team with new appointments and governance enhancements.

Carl Dumbrell, Executive Chairman of Mosman, commented: "FY25 marked a transformational year for Mosman as we repositioned the business squarely towards helium - a critical and high-value global resource. With Sagebrush validated by independent resource auditing and on track for seismic acquisition and flow testing in FY26, we are entering a period of significant value-driving activity. The divestment of non-core oil interests has sharpened our focus and positioned us to move decisively in this new phase. I am confident that Mosman now has the assets, team and strategy in place to unlock substantial shareholder value. On behalf of the Board, I thank shareholders for their continued support as we deliver on the exciting opportunities ahead."

Additional Information

Copies of the Annual Report will be submitted to the National Storage Mechanism and will shortly be available for inspection at:

Strategic Overview

FY25 has been a year of transition, with Mosman continuing its strategic shift from hydrocarbons to helium exploration and development. This reflects the Board's recognition of helium as a high-value, growth market essential to technology, healthcare and clean energy.

While exploration carries inherent risks, our growing helium portfolio and strengthened balance sheet position Mosman well for future progress.

Financial Performance

• Revenue: $504K (2024: $186K), Revenue from continuing operations increased during the year, primarily reflecting the acquired production at Sagebrush. On a consolidated basis, revenue decreased materially compared with the prior year due to the absence of revenue from discontinued operations following the divestment of oil assets.
• Net Loss: $10.317m (2024: $1.545m), due to exploration and project development costs and impairment of assets.
• Cash at Year-End: $3.939m, supported by disciplined cost control and selective fundraising. Cash balance 25 September 2025 $2.6m.

The Company remains in an early-stage development phase, with losses consistent with its investment in exploration and project advancement.

Operations Report

Helium Portfolio (USA)

Sagebrush Project, Colorado

o Mosman acquired an 82.5% working interest in the Sagebrush Helium Project during the year.

o Independent technical assessment confirmed prospective resources.

o Work programs and permitting are advancing, with drilling planned in FY26. This remains the primary focus of our helium strategy.

Vecta Helium Project, Arizona

o Mosman acquired a 20% working interest in the Vecta Helium Project.

o Drilling undertaken in FY25 was unsuccessful,and no commercial helium was encountered.

o Mosman has impaired the balance of this project in full.

o While disappointing, this outcome is part of the inherent risk of exploration. The Company has gained valuable geological knowledge that will be applied to other projects.

Collectively, our helium portfolio offers exposure to multiple prospects, with Sagebrush now the cornerstone asset.

• Oil & Gas Portfolio
• Mosman completed its exit from the Stanley oil interests in Texas, aligning operations more directly with its helium focus.
• Minor residual production from legacy assets continued but is no longer a material component of the Group.
• Corporate Developments
• Appointment of Graham Duncan and Andrew Scott as Non-Executive Directors and Tina Loh as Chief Financial Officer and Company Secretary,strengthening marketing, financial management and governance.
• Corporate structure simplified with the establishment of Mosman Helium LLC to reflect the helium-focused strategy.
• Incentive options issued to management, aligning leadership with shareholder value creation.
• Since year end the company has appointed Howard McLaughlin as interim CEO.

Outlook

The year ahead will focus on:

• Drilling and testing at Sagebrush to establish the project's commercial potential.
• Applying exploration insights to refine future helium targeting.
• Maintaining financial discipline while advancing projects toward production.

While exploration results can be mixed, Mosman is now positioned with a focused helium strategy, a cornerstone project in Sagebrush, and a disciplined approach to growth.

Acknowledgements

On behalf of the Board, I thank our management team, employees, and advisers for their commitment during a challenging but pivotal year. I also wish to thank our shareholders for their continued support as Mosman advances its helium strategy.

We look forward to updating you on further progress at Sagebrush & Coyote Wash and across our portfolio in FY26.

A summary of the current oil and gas projects as at 25 September 2025:

US PROJECTS

Consolidated Statement of Profit or Loss and Other Comprehensive Income Year Ended 30 June 2025

All amounts are in Australian Dollars

Total comprehensive income (loss) for the

year attributable to:

(7,285,524) (1,531,875) (3,032,183) (594,241) (10,147,449) (2,126,116)

Continuing operations Discontinued operations

The accompanying notes form part of these financial statements.

Consolidated Statement of Profit or Loss and Other Comprehensive Income Year Ended 30 June 2025

All amounts are in Australian Dollars

The accompanying notes form part of these financial statements.

Consolidated Statement of Financial Position As at 30 June 2025 All amounts are in Australian Dollars

The accompanying notes form part of these financial statements.

Consolidated Statement of Changes in Equity Year Ended 30 June 2025. All amounts are in Australian Dollars

Accumulated Losses Contributed Equity Other Contributed Equity Reserves Total $ $ $ $ $ Balance at 1 July 2024 (36,418,049) 42,404,962 145,029 904,732 7,036,674 Comprehensive income Loss for the period (10,317,708) - - - (10,317,708) Other comprehensive income for the period - - - 170,259 170,259 Total comprehensive loss (10,317,708) - 170,259 (10,147,449)

for the period -

Transactions with owners, in their capacity as owners, and other transfers:

• 7,635,010 - - 7,635,010 - (480,023) - (480,023) - - - 272,763 272,763 - 145,029 (145,029) - - - 7,300,016 (145,029) 272,763 7,427,750 (46,735,757) 49,704,978 - 1,347,754 4,316,975 Accumulated Contributed Other Reserves Total Losses Equity Contributed Equity $ $ $ $ $ (34,295,295) 40,675,340 - 908,094 7,288,139 (2,140,072) - - - (2,140,072) - - - 13,956 13,956 (2,140,072) - 13,956 (2,126,116)

New shares issued Cost of raising equity Warrants issued

Transfer from other contributed equity

Total transactions with owners and other transfers Balance at 30 June 2025

Balance at 1 July 2023

Comprehensive income Loss for the period Other comprehensive income for the period

Total comprehensive loss

for the period -

Transactions with owners, in their capacity as owners, and other transfers:

These accompanying notes form part of these financial statements

Consolidated Statement of Cash Flows Year Ended 30 June 2025 All amounts are in Australian Dollars

The accompanying notes from part of these financial statements

Notes to the Financial Statements Year Ended 30 June 2025

All amounts are Australian Dollars

1 Statement of Accounting Policies

The principal accounting policies adopted in preparing the financial statements of Mosman Oil and Gas Limited (or "the Company'') and Controlled Entities ("Consolidated entity" or "Group"), are stated to assist in a general understanding of the financial report. These policies have been consistently applied to all the years presented, unless otherwise indicated.

Mosman Oil and Gas Limited is a Company limited by shares incorporated and domiciled in Australia.

Basis of Preparation

These financial statements have been prepared in accordance with Australian Accounting Standards (including Australian Interpretations) adopted by the Australian Accounting Standards Board and the Corporations Act 2001. Compliance with Australian Accounting Standards ensures that the financial statements also comply with International Financial Reporting Standards.

The financial statements have been prepared on the basis of historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets.

Going Concern

The financial statements have been prepared on the going concern basis. As at 30 June 2025, the consolidated entity incurred a net loss of $10,317,708 during the year ended 30 June 2025 and, as of that date, the group had a cash balance of $3,937,471.

The financial statements have been prepared on the going concern basis, which contemplates the continuity of normal business activity and the realization of assets and settlement of liabilities in the normal course of business.

In forming this view the directors have taken into consideration the following:

Should the Company or the Group not be able to achieve the matters set out above, there is a significant uncertainty related to events or conditions that may cast significant doubt on the Company and the Group's ability to continue as a going concern, and, therefore, that it may be unable to realise its assets and discharge its liabilities in the normal course of business.

The financial statements were authorised for issue by the Directors on 25 September 2025.

Principles of Consolidation and Equity Accounting

The consolidated financial statements incorporate the assets, liabilities and results of entities controlled by Mosman Oil and Gas Limited at the end of the reporting period. A controlled entity is any entity over which Mosman Oil and Gas Limited has the ability and right to govern the financial and operating policies so as to obtain benefits from the entity's activities.

Under AASB 11 Joint Arrangements, investments in joint arrangements are classified as either joint operations or joint ventures. The classification depends on the contractual rights and obligations of each investor, rather than the legal structure of the joint arrangement. Mosman Oil and Gas Limited has a working interest in various joint operations.

Joint ventures

Equity method

The carrying amount of equity-accounted investments is tested for impairment in accordance with the policy described in note 1(s).

Use of Estimates and Judgements

Critical Accounting Estimates and Judgements

Impairment of Exploration and Evaluation Assets

The key areas of judgement and estimation include:

• Recent exploration and evaluation results and resource estimates;
• Environmental issues that may impact on the underlying tenements;

Taxation

Exploration and Evaluation Assets

Income Tax

Deferred income tax liabilities are recognised for all taxable temporary differences.

Discontinued operations

A discontinued operation is a component of the consolidated entity that has been disposed of or is classified as held for sale and that represents a separate major line of business or geographical area of operations, is part of a single coordinated plan to dispose of such a line of business or area of operations, or is a subsidiary acquired exclusively with a view to resale. The results of discontinued operations are presented separately on the face of the statement of profit or loss and other comprehensive income.

Goods and Services Tax

Revenues, expenses and assets are recognised net of the amount of GST except:

• Receivables and payables are stated with the amount of GST included;
• Exploration and Evaluation Assets

Where a resource has been identified and where it is expected that future expenditures will be recovered by future exploitation or sale, the impairment of the exploration and evaluation is written back and transferred to development costs. Once production commences, the accumulated costs for the relevant area of interest are amortised over the life of the area according to the rate of depletion of the economically recoverable reserves.

• Non-current assets or disposal groups classified as held for sale

An impairment loss is recognised for any initial or subsequent write down of the non-current assets and assets of disposal groups to fair value less costs of disposal. A gain is recognised for any subsequent increases in fair value less costs of disposal of a non-current assets and assets of disposal groups, but not in excess of any cumulative impairment loss previously recognised.

Non-current assets are not depreciated or amortised while they are classified as held for sale. Interest and other expenses attributable to the liabilities of assets held for sale continue to be recognised.

• Accounts Payable
• Contributed Equity

Issued Capital

Incremental costs directly attributable to the issue of ordinary shares and share options and warrants are recognised as a deduction from equity, net of any related income tax benefit.

Earnings Per Share

Basic earnings per share ("EPS") are calculated based upon the net loss divided by the weighted average number of shares in issue. Diluted EPS are calculated as the net loss divided by the weighted average number of shares and dilutive potential shares.

• Share-Based Payment Transactions
• Comparative Figures
• Financial Risk Management
• Financial Instruments

Recognition, initial measurement and derecognition

Classification and subsequent measurement of financial assets

Hybrid contracts

Subsequent measurement of financial assets

• financial assets at amortised cost
• financial assets at fair value through profit or loss (FVPL)
• debt instruments at fair value through other comprehensive income (FVOCI)
• equity instruments at fair value through other comprehensive income (FVOCI)

Classifications are determined by both:

• the entity's business model for managing the financial asset
• the contractual cash flow characteristics of the financial assets

Financial assets at amortised cost

After initial recognition, these are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables fall into this category of financial.

Financial assets at fair value through profit or loss (FVPL)

Debt instruments at fair value through other comprehensive income (Debt FVOCI)

Equity instruments at fair value through other comprehensive income (Equity FVOCI) Investments in equity instruments that are not held for trading are eligible for an irrevocable election at inception to be measured at FVOCI. Under this category, subsequent movements in fair value are recognised in other comprehensive income and are never reclassified to profit or loss. Dividend income is taken to profit or loss unless the dividend clearly represents return of capital.

Impairment of financial assets

• Oil and gas assets
• Impairment of Assets

At each reporting date, the Group reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell and value in use, is compared to the asset's carrying value. Any excess of the asset's carrying value over its recoverable amount is expensed to the income statement. Impairment testing is performed annually for goodwill and intangible assets with indefinite lives.

Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash-generating until to which the asset belongs.

• Employee Entitlements
• Provisions
• Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term

highly liquid investments with original maturities of 3 months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the balance sheet.

Revenue and Other Income

Revenue and other income is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are net of returns, trade allowances, rebates and amounts collected on behalf of third parties.

Revenue from Joint Operations is recognised based on its share of the sale by joint operation.

Business combinations

Business combinations are initially accounted for on a provisional basis. The acquirer retrospectively adjusts the provisional amounts recognised and also recognises additional assets or liabilities during the measurement period, based on new information obtained about the facts and circumstances that existed at the acquisition-date. The measurement period ends on either the earlier of (i) 12 months from the date of the acquisition or (ii) when the acquirer receives all the information possible to determine fair value.

Acquisition of Subsidiary Not Deemed a Business Combination

When an acquisition of assets does not constitute a business combination, the assets and liabilities are assigned a carrying amount based on their relative fair values in an asset purchase transaction and no deferred tax will arise in relation to the acquired assets and assumed liabilities as the initial exemption for deferred tax under AASB 12 applies. No goodwill will arise on the acquisition and transaction costs

of the acquisition will be included in the capitalised cost of the asset.

Foreign Currency Translation

Functional currency

Presentation currency

The financial statements are presented in Australian dollars, which is the Group's presentation currency. Functional currency balances are translated into the presentation currency using the exchange rates at the balance sheet date. Value differences arising from movements in the exchange rate is recognised in the statement of comprehensive income.

• Joint operations
• New standards and interpretations Account Standard and Interpretation

Consolidated

2025

Consolidated

2024

$ $

5 Income Tax

• Numerical reconciliation of income tax expense to prima facie tax payable

Tax Losses

As at 30 June 2025 the Company had tax losses of $38,413,978 (2024: $34,345,264). The benefit of deferred tax assets not brought to account will only be realised if:

• Future assessable income is derived of a nature and of an amount sufficient to enable the benefit to be realised; and
• The conditions for deductibility imposed by tax legislation continue to be complied with and no changes in tax legislation adversely affect the Company in realising the benefit.
• Unbooked Deferred Tax Assets and Liabilities

Deferred tax assets are estimated but not recognised at $9,603,494 at 30 June 2025 (2024:$8,586,316) so as to enable the Board to determine more reliably the probability of utilising these tax assets in the foreseeable future.

* When appropriate, unpaid joint interest billing receivables are recovered from the interest holders share of production income.

10 Assets and Liabilities Classified as Held For Sale

On 10 June 2024, the Company announced the sale of its interest in Nadsoilco LLC. On 2 October 2024, the Company further announced that it had completed the sale for consideration of up to US$1.75 million.

The Company received the $500K initial payment, impaired $500K in the half year accounts to 31 December 2024. The Directors have performed a weighted probability of each tranche of the production milestones. As production targets have not been achieved, the directors have assessed that the expected receivable at period end is nil and impaired the remaining balance.

11 Oil and Gas Assets

Consolidated

2025

$

Consolidated

2024

$

• Impairment of $4,767,026 was recognized in relation to capitalized oil and gas assets held in Mosman Texas and Mosman Helium, being the carrying value of Cinnabar, Arkoma and Vecta (US Oil and Gas Assets). The Board has carried out an impairment assessment of the Oil and Gas Assets and have concluded that these assets have nil carrying value.

12 Capitalised Oil and Gas Expenditure

• Impairment of $1,353,925 was recognized in relation to exploration permit EP 145, bringing down the carrying value of the asset to $150,000, which represent value of the long lead items. Mosman will retain 5% of helium and hydrogen royalty over the project (based on sales price, no deduction of costs), however this does not form part of the carrying value of the asset, despite the potential future upside.

13 Trade and Other Payables

CURRENT

Consolidated

2025

Consolidated

2024

$ $

15 Contributed Equity

Ordinary Shares:

Value of Ordinary Shares fully paid

Movement in Contributed Equity Number of shares

Contributed

Equity $

Balance as at 1 July 2024: 12,821,362,930 42,404,962

1/08/2024

16/09/2024

5/12/2024 Shares issued (iv) $0.00035 42,857,144 29,400 22/05/2025 Shares issued (i) $0.00045 2,777,777,778 2,616,130 27/05/2025 Shares issued (i) $0.00045 666,666,666 629,148 Capital raising costs (480,023)

19/09/2024

Shares issued (ii) Shares issued (ii) Shares issued (ii) Shares issued (i)

$0.00025 16,000,000 7,881 $0.00025 100,000,000 49,171 $0.00035 4,242,857,144 2,887,420

Balance at end of year 22,981,521,662 49,704,979

• Placements via capital raising as announced
• Shares issued upon conversion of warrants
• Shares issued to suppliers
• Shares issued to Directors as part of placement
• Shares issued to

16 Reserves

Consolidated

2025

$

Consolidated

2024

$

Foreign currency translation reserve 1,074,991 904,732

Warrants reserve 272,763 -

1,347,754 904,732

Warrant Reserve

Nature and purpose of the Warrant Reserve

The warrant reserve represents the fair value of equity instruments issued to employees as compensation and issued to external parties for the receipt of goods and services. This reserve will be reversed against issued capital when the underlying shares are converted and reversed against retained earnings when they are allowed to lapse.

Movement in Warrants Reserve

Warrants reserve at the beginning of the year - 17,318

Warrants issued 272,763 15,577

Transfer from warrants reserve upon exercise of warrants

(15,577)

Warrants expired - (17,318)

Warrants reserve at the end of the year 272,763 -

Warrants

As of the date of signing this report, unissued ordinary shares of the Company under option were:

During the period 254,571,428 warrants were issued to brokers as part of their fee for facilitating a placement of shares in the period. The warrants were fair valued at AU$0.0004 per warrant, and an amount of $103,101 was recognised as a capital raising cost. The warrants are valued using the Binomial Method with the following inputs:

Share price at issue date 0.0348 British Pence

Exercise price 0.0350 British Pence

Risk-Free Interest Rate 3.68%

Volatility 117%

Subsequent to shareholder approval at the Group's 2024 AGM held on 29 November 2024, Mr Andrew

Carroll were granted the following options:

• 194,942,200 options. The options were fair valued at AU$0.0004 per option, and an amount of $81,486 was recognised as a share based payment expense. The options are valued using the Binomial Method with the following inputs:

Share price at issue date 0.0358 British Pence

Exercise price 0.0770 British Pence

Risk-Free Interest Rate 4.04%

Volatility 117%

• 229,815,217 options. The options were fair valued at AU$0.0003 per option, and an amount of $88,176 was recognised as a share based payment expense as at 30 June 2025. The options are valued using the Black-Scholes option pricing model with the following inputs:

Share price at issue date 0.04 British Pence

Exercise price 0.0770 British Pence

Risk-Free Interest Rate 3.75%

Volatility 100%

The above warrants represent unissued ordinary shares of the Company under option as at the date of this report.

No person entitled to exercise any option has or had, by virtue of the option, a right to participate in any share issue of any other body corporate.

Foreign Currency Translation Reserve

Nature and purpose of the Foreign Currency Translation Reserve

Movement in Foreign Currency Translation Reserve

Consolidated

2025

$

Consolidated

2024

$

18 Related Party Transactions

Key Management Personnel Remuneration

• During the year to 30 June 2025:
• Director fees of $60,000 were paid or are payable to Mr Nigel Harvey;
• Director fees of $60,000 were paid or are payable to Mr Andrew Carroll, and consulting fees of $481,200 were paid or are payable to Australasian Energy Pty Ltd, entity controlled by Mr Andrew Carroll;
• Director fees of $60,000 were paid or are payable to Mr Carl Dumbrell;
• Director fees of $11,333 were paid or are payable to Mr Graham Duncan;

accounting firm, CDTL.

• Former CFO, Company Secretary and Consulting Fees totaling $55,000 were paid or are

payable to Mr J T White's accounting firm, Traverse Accountants Pty Ltd.

• During the year to 30 June 2025, Mr Andrew Carroll (former CEO) received 424,757,417 warrants, comprising:
• 194,942,200 warrants issued on 10 December 2024 at no cost, have a strike price of 0.00077 GBP and expire on 10 December 2027. The fair value of these warrants were $81,486 AUD;
• 229,815,217 warrants issued on 4 July 2025 at no cost, have a strike price of 0.00077 GBP and expire on 4 July 2028. The fair value of these warrants were $88,176 AUD.

Movement in Shares and Warrants

The aggregate numbers of shares and warrants of the Company held directly, indirectly or beneficially by Key Management Personnel of the Company or their personally-related entities are fully detailed in the Directors' Report.

Amounts owing to the Company from subsidiaries:

Trident Energy Pty Ltd

At 30 June 2025 the Company's 100% owned subsidiary, Trident Energy Pty Ltd, owed Mosman Oil and Gas Limited $4,053,771 (2024: $4,017,276).

OilCo Pty Ltd

At 30 June 2025 the Company's 100% owned subsidiary, OilCo Pty Ltd (OilCo), owed Mosman Oil and Gas Limited $714,358 (2024: $764,358).

Mosman Oil USA, Inc

At 30 June 2025 the Company's 100% owned subsidiary, Mosman Oil USA, Inc, owed Mosman Oil and

Gas Limited $10,774,542 (2023: $9,679,815).

Adagio Resources Limited

At 30 June 2025 the Company's 100% owned subsidiary, Adagio Resources Limited, owed Mosman Oil and Gas Limited $nil (2024: $4,984).

19 Expenditure Commitments

Consolidated 2024

Consolidated

2024

$ $

Exploration

• EP145 is currently under extension until 21 February 2025. End date is 21st February 2027
• Capital Commitments

The Company had no other capital commitments at 30 June 2025 (2024: $NIL).

20 Segment Information

Operating segments are identified by the board based on the Oil and Gas projects in Australia and the USA. Discrete financial information about each project is reported to the board on a regular basis.

Segment performance

Amounts not included in segment result but reviewed by the Board

Segment performance

$ Australia $ Total $ Year ended 30 June 2025 Revenue Revenue 503,573 - 503,573 Other income - 60,000 60,000 Interest income - 58 58 Loss on sale of assets - - - Segment revenue 503,573 60,058 563,631 Segment Result Allocated - Corporate costs (524,335) (1,075,844) (1,600,179) - Administrative costs (67,071) (179,744) (246,816) - Lease operating expenses (217,226) - (217,226) - Cost of sales (4,863) - (4,863)

United States

Segment net profit (loss) before tax (309,922) (1,195,531) (1,505,453)

Reconciliation of segment result to net loss before tax

Amounts not included in segment result but reviewed by the Board

Exploration expenses incurred not

capitalised (598,921)

• Amortisation (225,260)
• Impairment (5,934,490)

Unallocated items

• Employee benefits expense (365,995)
• Gain on foreign exchange 133,672
• Finance costs (5,066)

Net Loss before tax from continuing

operations (7,285,524)

Segment assets

United States

$

Australia

$

Total

$

The following reflects the loss and share data used in

the calculations of basic and diluted loss per share:

Loss used in calculating basic and diluted earnings/ loss

Transfer of trade and other payables to oil and gas

• Credit Risk
• Commodity Price Risk and Liquidity Risk
• Net Fair Values

23 Contingent Liabilities

24 Mosman Oil and Gas Limited - Parent Entity Disclosures

Mosman Oil and Gas Limited is the Parent Company of the Group, which includes all of the controlled entities.

26 Share Based Payments

Consolidated

2025

Consolidated

2024

Cents Cents

Basic loss per share (cents per share) 0.055 0.0222

A summary of the movements of all company warrant issues to 30 June 2025 is as follows:

27 Events Subsequent to the End of the Financial Year

Subsequent to the end of the reporting period the Company announced the following material matters:

• On 4 July 2025 Andrew Carroll resigned as a director.

There were no other material matters that occurred subsequent to 30 June 2025.

Consolidated Entity Disclosure Statement