AQN H2 2026 Financial Report

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AQUIRIAN LIMITED (ASX: AQN) Level 5, 190 St. Georges Terrace Perth WA 6000 1 Aquirian Limited ABN 23 634 457 506 Appendix 4E and Annual Financial Report - 30 June 2026 Results for Announcement to the Market In accordance with the Listing Rules, Aquirian Limited encloses for immediate release the following information: 1. Appendix 4E 2. Audited Financial Statements for the year ended 30 June 2026

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AQUIRIAN LIMITED (ASX: AQN) Level 5, 190 St. Georges Terrace Perth WA 6000 2 Aquirian Limited Appendix 4E 1. Company Details Name of entity: Aquirian Limited ABN: 23 634 457 506 Reporting period: For the year ended 30 June 2026 Previous period: For the year ended 30 June 2025 2. Results for announcement to the market The financial statements have been audited and an unqualified opinion has been issued. Statutory Results1 $ Revenues from ordinary activities Up 20.4% to 31,309,352 EBITDA2 from ordinary activities Up 194.0% to 4,652,599 Gain (Loss) from ordinary activities after tax attributable to the members of Aquirian Limited Up 140.8% to 1,391,470 Gain (Loss) for the year attributable to the members of Aquirian Limited Up 140.8% to 1,391,470 Results for the period Refer to the Directors’ Report. Dividends No dividends have been declared during or subsequent to the financial year, and the Company does not have a dividend reinvestment plan. 1 Statutory Results - unless otherwise stated, statutory financial information for the Group. 2 EBITDA refers to earnings before interest costs, taxation, depreciation and amortisation costs as set out in the Consolidated Statement of Profit or Loss and Other Comprehensive Income of the Audited Accounts, based on inputs calculated in accordance with Australian Acco unting Standards and reviewed by the Group’s auditors.

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AQUIRIAN LIMITED (ASX: AQN) Level 5, 190 St. Georges Terrace Perth WA 6000 3 3. Net tangible assets Reporting period Previous period Cents Cents Net tangible assets per ordinary security 15.49 8.38 4. Control gained over entities Not applicable. 5. Loss of control over entities Not applicable. 6. Details of associates and joint venture entities Not applicable. About Aquirian Aquirian is a mining services company that delivers cutting -edge drill and blast solutions to clients worldwide. Our core operating units, Energetics, Technology, and People are built on a foundation of strong, long-standing relationships within the mining service s sector. We pride ourselves on offering innovative products and services that optimise blast hole outcomes, reduce costs, improve production efficiencies, and positively impact environmental performance.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 AQUIRIAN LIMITED ABN: 23 634 457 506 AND CONTROLLED ENTITIES FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2026

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 AQUIRIAN LIMITED AND CONTROLLED ENTITIES CONSOLIDATED FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2026 TABLE OF CONTENTS Page Corporate Directory 1 Directors’ Report 2 Auditor’s Independence Declaration 24 Financial Report for the year ended 30 June 2026 Consolidated Statement of Profit or Loss and Other Comprehensive Income 25 Consolidated Statement of Financial Position 26 Consolidated Statement of Changes in Equity 27 Consolidated Statement of Cash Flows 28 Notes to the Financial Statements 29 Consolidated Entity Disclosure Statement 66 Directors’ Declaration 67 Independent Auditor’s Report 68

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 1 - AQUIRIAN LIMITED AND CONTROLLED ENTITIES CORPORATE DIRECTORY 30 June 2026 Directors Bruce McFadzean Adrian Mason David Kelly Gregory Patching Tanya Rybarczyk Company Secretary Leonard Math Registered Office Level 5 190 St Georges Terrace Perth WA 6000 Share register Automic Group Level 5 191 St Georges Terrace Perth WA 6000 Auditors Pitcher Partners BA&A Pty Ltd Level 11 12-14 The Esplanade Perth WA 6000 Legal Advisers Grondal Bruining Pty Ltd Level 5 22 Delhi Street West Perth WA 6005 Website https://www.aquirian.com/ Corporate Governance Statement A copy of the Corporate Governance statement can be found at https://www.aquirian.com/

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 2 - AQUIRIAN LIMITED AND CONTROLLED ENTITIES DIRECTORS’ REPORT The Directors present their report together with the financial report of the consolidated entity consisting of Aquirian Limited (“the Company”) and the entities it controlled (“the Group”), for the year ended 30 June 2026 and auditor’s report thereon. Directors The names of Directors in office at any time during or since the end of the year are: Bruce McFadzean – Non-Executive Chairperson Alexandra Atkins – Non-Executive Director (Retired 27 October 2025) Adrian Mason – Executive Director (Formerly Non-Executive Director until 1 February 2026) David Kelly – Non-Executive Director Gregory Patching – Managing Director Tanya Rybarczyk – Non-Executive Director (Effective 1 June 2026) The Directors have been in office since the start of the year to the date of this report unless otherwise stated. Principal activities The principal activities of the Group during the year were the manufacture and supply of energetics, development of technology and innovative products, provision of equipment, onsite field services, workforce solutions and training services to the mining and resources industry. Review of operations The Group remains focused on the safety and wellbeing of its employees, responsible business practices, quality service delivery and the development of innovative solutions for customers across the mining and resources sector. During FY26, the Group continued to make significant progress across its core strategic pillars of Energetics, Technology and People. The integration of these operating platforms continues to differentiate the Groups offering, providing customers with solutions designed to improve safety, productivity and blast outcomes. The Group strengthened its balance sheet during the year through a successful $7.9 million (before costs) capital raising. The raising was strongly supported by existing shareholders, together with new institutional and sophisticated investors, and provides additional funding to support growth initiatives across the Mining Services division, including Drillforce and the ongoing expansion of the Wubin emulsion manufacturing hub. The ongoing development and protection of the Groups intellectual property portfolio remain central to its long -term strategy. During FY26, development of the patented Automated Collar Keeper® System was completed, with the technology integrated across the Drillforce fleet in readiness for operational deployment. Engineering development also expanded compatibility across the Collar Keeper® System, enabling integration with a broader range of Original Equipment Manufacturer drill rigs and advancing the Groups long-term Bootless Bench® vision. In April 2026, Drillforce achieved a significant milestone with the award of its inaugural three -year contract valued at approximately $48 million under a Strategic Framework Agreement with Brightstar Resources Limited for the Lord Byron Project. The contract will utilise Drillforce's fleet fitted with the patented Automated Collar Keeper® System and provides a strong foundation for the

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 3 - future growth of the Drillforce business. The Group believes the world's first fully "in -cab" drilling operation has the potential to deliver improved safety outcomes, drilling efficiency and cost control for customers. Western Energetics continued to expand its Wubin emulsion manufacturing facility. Additional raw material and finished goods storage infrastructure was installed to increase on-site emulsion storage capacity. Process flow upgrades increased production capa city and throughput . The expanded capability, broader product offering and strategic regional location continue to generate customer interest in offtake opportunities. These initiatives form part of the Group's Full Potential strategy, which is focused on expanding the capability of the Wubin Energetics Hub, strengthening security of supply and supporting the commercialisation of the Group's integrated energetics and technology offering via Drillforce. Progress continued on the proposed automated electronic detonator manufacturing facility in partnership with Hongda Civil Blasting Group Co. Ltd ( “Hongda”). During FY26, technical development of the product and operating system was completed, together with engineering design for the proposed Wubin facility. The Group's Collar Keeper® product range continued to experience strong demand during FY26, reflecting its growing reputation for improving blast hole quality and overall drill and blast outcomes. Expansion into African markets accelerated during the year through the establishment of distribution arrangements to support future sales growth. Dev elopment also continued on the next -generation biodegradable Collar Keeper®, with encouraging results achieved through initial field trials. Commercial release remains targeted for the first half of FY27. Maglok® continued to provide a steady pipeline of manufactured products servicing both the mining and defence sectors. The business also provides an integrated manufacturing capability which is expected to support future growth across the broader Group. The People Services division continued to experience steady demand throughout the year, supported by its long-standing client base across the mining services sector. Modular Training maintained solid activity levels and continues to be recognised as a lead ing provider of Shotfiring and Shotfiring Refresher training in Western Australia. TBS Workforce continued to provide workforce solutions across the resources sector and achieved several business development milestones during FY26, supporting future growth opportunities with both existing and new customers. Results Total revenue for the year ended 30 June 2026 was $32,026,306 (30 June 2025: $26,073,235), an increase of 22.8%. The increase was primarily driven by continued growth across the Mining Services division, including increased activity from the Western Energetics Wubin facility, growth in energetics and continued demand for the Group's patented Collar Keeper® product range. Steady demand was also maintained across the People Services division. The Group's statutory consolidated profit after providing for income tax was $ 1,391,470 (30 June 2025: loss of $3 ,411,903). The improved result reflects increased operating activity across the Group, continued growth in the Western Energetics business and the absence of the significant impairment charges recognised in the prior year. The Group's EBITDA 1 was $4 ,652,599 (30 June 2025: $1 ,582,302). The improvement reflects stronger operating performance across the Group's Mining Services and Technology divisions. Operating cash flows for the year were broadly breakeven as increased activity levels resulted in higher working capital requirements. Cash and cash equivalents as at 30 June 2026 were $11,585,651 (30 June 2025: $6 ,847,654). Net assets increased to $ 24,142,343 (30 June 2025: $12,792,559), reflecting the successful capital raising completed during the year, and capital expenditure associated with the expansion of operating capacity and development of the Group's technology and mining services platforms.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 4 - The table below provides a comparison of key results for the year ended 30 June 2026 to the preceding year: 30 June 30 June Statement of Profit or Loss 2026 2025 $ $ Total revenue 32,026,306 26,073,235 Consolidated profit/(loss) after providing for income tax 1,391,470 (3,411,903) EBITDA 1 4,652,599 1,582,302 1 EBITDA is a non-IFRS measure and refers to earnings before interest costs, taxation, depreciation, and amortisation costs as set out in the Consolidated Statement of Profit or Loss and Other Comprehensive Income of the audited accounts, based on inputs calculated in accordance with Australian Accounting Standards. 30 June 30 June Statement of Financial Position 2026 2025 $ $ Net assets 24,142,343 12,792,559 Cash and cash equivalents 11,585,651 6,847,654 Borrowings 13,077,476 13,046,290 Net debt (1,491,825) (6,198,636) Share capital 22,564,373 12,608,851 Significant changes in the state of affairs The financial statements reflect the continuing business of the Group. As outlined in the Review of Operations, the Group continued to execute its strategic growth initiatives across the Energetics, Technology and People platforms, including the ongoing expansion of the Wubin Energetics Hub through increased manufacturing, storage and logistics capability. Other than as outlined above, there were no significant changes in the state of affairs of the Group during the financial year. Subsequent events No other matters or circumstances have arisen since 30 June 2026 that has materially affected, or may materially affect the Group's operations, the results of those operations, or its state of affairs in future financial years. Capital management discipline and cash conversion The Group's objective in managing capital is to safeguard its ability to continue as a going concern and maintain optimal returns to shareholders and benefits for other stakeholders. The Group maintained a strong balance sheet position while continuing to invest in strategic growth initiatives. Cash and cash equivalents at 30 June 2026 were $11 ,585,651 and net assets increased to $24,142,343. This financial position provides a safeguard for potential changing market conditions and provides the ability to pursue opportunities as they arise that align to the company’s growth strategy.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 5 - Strategies The Group continues to execute its strategy of integrating Energetics, Technology and People to deliver technology-led mining services and differentiated drill and blast solutions to the resources sector. To this end, during FY26 the Group achieved several important strategic milestones: • Continued execution of the Full Potential strategy through expansion of the Wubin Energetics Hub, increasing manufacturing, storage and logistics capability, supporting higher production volumes and opportunities to further enhance the Group's integrated energetics and technology offering. • Establishment and development of Drillforce as a dedicated platform to commercialise the Group's proprietary drilling technologies and deliver integrated drill and blast solutions. • Award of Drillforce's inaugural contract under a Strategic Framework Agreement, providing a foundation for future operational growth and the deployment of the Group's Automated Collar Keeper® technology platform. • Completion of development of the Automated Collar Keeper® System and integration across the Drillforce fleet in readiness for operational deployment. • Continued expansion of the Collar Keeper® product portfolio, including progression of the next-generation biodegradable Collar Keeper® through product development and field testing. • Expansion of the Collar Keeper® product range into international markets through the establishment of additional distribution arrangements. • Progression of initiatives designed to strengthen the Group's vertically integrated drill and blast offering and support the long-term Bootless Bench® vision. • Continued support of customers through the People Services division, including workforce solutions and industry training services. Likely developments The Group's focus for FY27 will be the commencement and execution of drilling operations under Drillforce's Strategic Framework Agreements and the continued expansion of its integrated mining services offering. The execution of multiple Strategic Framework Agreements provides a foundation for the commercial deployment of the Group's integrated mining services model. The Group intends to focus on the safe execution of contracted work, expansion of activity levels across the Drillforce platform and continued growth of its technology-led drilling and blasting capability. The Group intends to continue increasing activity levels at the Wubin Energetics Hub via Drillforce, strengthen security of supply and progress initiatives that support the ongoing integration of its Energetics, Technology and People platforms for the market. Environmental regulation The Group’s operations are not subject to any significant environmental Commonwealth or State regulations or laws. Risk Management The Group defines risk management as the identification, assessment and management of risks that have the potential to materially impact on its operations, people, reputation, and financial results. Outlined below is an overview of a number of material risks facing the Group. These risks are not set out in any particular order and do not comprise every risk that the Group could encounter when conducting its business. Rather, they are the most significant risks that, in the opinion of the Board,

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 6 - should be considered and monitored by both existing shareholders and potential shareholders in the Company. Activity levels in key industry sectors may change The Group's financial performance is influenced by the level of activity and investment within the mining and resources sector. Demand for the Group's drilling, blasting, energetics, technology and workforce solutions is linked to exploration, mine develop ment and production activity across the regions in which it operates. Mining industry activity can be cyclical and may be affected by factors beyond the Group's control, including commodity prices, customer capital expenditure programs, project approvals, regulatory changes, labour market conditions and broader economic conditions. Any reduction in mining activity, delays to customer projects or decline in demand for the Group's products and services may have the potential to impact activity levels across the Group's operations, which could adversely impact future financial performance and/or financial position. The Group seeks to mitigate this risk through diversification of its service offering, customer base, geographic exposure and revenue streams across its Energetics, Technology and People platforms. Cash flows The Group funds its activities via operating cash flow and through asset finance. Projects, operations, cash flows and liquidity, could be adversely affected if the Group miscalculates the resources, cost or time needed to complete a project, or is unable to receive cash from clients in respect of services rendered on a timely basis. Reliance on key personnel Given the current scale of the Group, its operational success will depend substantially on the continuing efforts of its senior executives and key employees. A loss of key personnel may impact on corporate knowledge, client relationships and operational continuity. Intellectual property risk The Group’s ability to leverage its strategy and expertise in part depends on its ability to protect its intellectual property and any improvements to it. The Group’s future performance may be impacted if its product development objectives are unsuccessful, or if applications for the grant of patents are unsuccessful. Reliance on key clients and the issue of purchase orders The Group's business model involves engaging with clients through master services agreements, strategic framework agreements and other contractual arrangements, with work commonly performed under individual purchase orders or work orders subsequently issued by the client. Given this business model, operational success will depend on clients continuing to engage the Group and allocate work across its service offerings, which is something the Group cannot control. A loss of key clients, a reduction in purchase order activity or a decline in work allocated under existing contractual arrangements may impact the Group's revenue and financial performance. The continued growth of the Group's Energetics business and the commencement of Drillforce operations is expected to increase the proportion of revenue generated under longer -term contractual arrangements.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 7 - Loss of production capability of Collar Keeper® The Group relies upon production and export of the Collar Keeper® range from its supplier based in Asia. However, there is a risk that the Group's supplier may lose its ability to produce or export Collar Keeper® products, or that supply chain disruptions may affect the timely delivery of products to customers. This may require the Group to activate an altern ative supplier. There is a risk that this may not be achievable immediately or within adequate timeframes to prevent interruptions to the supply of Collar Keeper® products to customers. Any disruption to the supply of Collar Keeper® products may impact revenue and could adversely impact the future financial performance and/or financial position of the Group. The Group maintains inventory holdings in Australia and continues to monitor supply arrangements to reduce exposure to potential interruptions in production or delivery. Specialist labour shortages The Group relies on specialist labour to provide its services. If the Group is unable to retain or engage sufficient persons with the requisite skills and experience to undertake its operations as and when needed, this will impact on the Group’s ability to generate revenue. Regulatory risk The Group is required to maintain ‘good standing’ and comply with the requirements of a number of industry regulators to maintain its licences to operate. A change in regulation or a change in the Group’s ‘standing’ with regulators may adversely impact on the financial performance and/or financial position of the Group. Health and safety Health and safety risks are inherent in the mining services industry environment. These include major safety incidents, general operational hazards, failure to comply with policies, terrorism and general health and safety. A serious site safety incident, particularly one contributed by or affecting the Group’s hired out equipment or personnel, could have an adverse impact on the reputation and financial outcomes for the Group. Remote locations and country risk The Group conducts its business in remote locations, such as the West Australian outback, and emerging markets, such as in Africa, PNG and South America. There are risks inherent in conducting business in such locations, including exposing the Group to increased risk of a shortage of skilled and general labour, increased costs, logistical challenges and (in respect of foreign markets) political, legal and operational risk. Financing Risk The Group has financing facilities with external financiers. A default under any of these facilities could result in withdrawal of financial support or an increase in the cost of financing. Cyber Security The potential for cyber security attacks, misuse and release of sensitive information pose a risk for the Group. Dividends No dividends were paid, recommended, or declared since the start of the financial year ended 30 June 2026 (30 June 2025: $NIL).

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 8 - Share options and performance rights granted to Directors Options and performance rights over unissued ordinary shares granted by Aquirian Limited during or since the end of the year were as follows: Directors Options granted Performance Rights Bruce McFadzean - - Adrian Mason - 196,337(1) David Kelly - - Gregory Patching - 497,949(2) Tanya Rybarczyk 1,000,000 - (1) These performance rights were approved for issue by shareholders of Aquirian Limited at the General Meeting held on 23 July 2026. These instruments were issued on 11 August 2026. (2) These performance rights were approved for issue by shareholders of Aquirian Limited at the Annual General Meeting held on 28 October 2025. These instruments were issued on 3 December 2025. Refer to page 17 within the remunerations report for details regarding the terms and conditions. Shares under option at the date of this report. Unissued ordinary shares of Aquirian Limited under option at the date of this report are as follows: Date granted Number of unissued ordinary shares under option Exercise price of shares Expiry date of the options 22 May 2025 500,000 options $0.35 27 February 2027 22 May 2025 500,000 options $0.45 27 February 2028 23 July 2026 500,000 options $0.49 31 May 2028 23 July 2026 500,000 options $0.59 31 May 2029 There are no participation rights or entitlements inherent in the options and holders will not be entitled to participate in new issues of capital offered to shareholders during the currency of the options without exercising the options. Performance rights outstanding at the date of the report. Date performance rights issued Number of performance rights granted Date of performance rights grant Date of vesting of performance rights 19 January 2024 2,880,777 19 October 2023 30 June 2026 26 November 2024 1,915,269 31 October 2024 30 June 2027 3 December 2025 664,594 28 October 2025 30 June 2028 11 August 2026 196,337 23 July 2026 30 June 2028 The above represents the maximum amount of performance rights attainable.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 9 - As at the date of this report, the Board has not completed its assessment of the performance hurdles applicable to the performance rights granted on 19 January 2024, which are due to vest on 30 June 2026, and has not determined the extent to which those performance rights will vest. The assessment will be undertaken following completion of the FY26 audit process and in accordance with the terms and conditions of the performance rights. The performance rights issued on the 3 December 2025, and 11 August 2026 are subject to three performance hurdles, each of which is measured at the end of the three -year performance period commencing on 1 July 2025 and ending on 30 June 2028. Shares issued on exercise of options No shares were issued during the reporting period or up to the date of this report on exercise of options. Information on Directors and company secretary The qualifications, experience and special responsibilities of each person who has been a Director of Aquirian Limited at any time during or since 1 July 2025 is provided below, together with details of the company secretary as at the year end. Bruce McFadzean Non-Executive Chairperson (Appointed 9 April 2021) Bruce is a qualified mining engineer with more than 40 years' experience in the global resources industry. Bruce has led the financing, development and operation of several new mines around the world. His professional career includes 15 years with BHP Bill iton and Rio Tinto in a variety of operational and management positions and four years as Managing Director of Catalpa Resources Limited, a successful Western Australian gold miner which, under his leadership, saw its market capitalisation grow from $10 mi llion to $1.2 billion following its merger into Evolution Mining Limited (ASX: EVN). Bruce is currently a Non-Executive Director of Argosy Minerals Limited (ASX: AGY) (appointed Apr 2022), a Non-Executive Director of Bannerman Energy Limited (ASX: BMN) (appointed Nov 2024), and Non-Executive Chairman of FIN Resources Limited (ASX: FIN) (appointed Feb 2025) . Bruce was also formerly a Non-Executive Chairman of Ardiden Limited (ASX: ADV) (Dec 2021 - Aug 2023), and a Non -Executive Director of Hasting Technology Metals Limited (ASX: HAS) (Jan 2021 – Oct 2024). Gregory Patching Managing Director (Appointed 1 June 2024) Executive Director (Appointed 27 June 2019 – Ceased 31 May 2024) Gregory has more than 30 years' experience in the mining industry, predominantly within the drill and blast sector. He spent more than 20 years with Orica, including serving as President Director of Indonesia and holding global customer management responsi bilities for a number of the world's largest mining companies. Gregory founded the Aquirian Group and has a long track record of delivering growth and innovation across a number of mining services businesses. As Managing Director, he continues to focus on the Group's strategic growth, innovation and the commercialisation of its intellectual prop erty and technology portfolio. Gregory is a Graduate of the Australian Institute of Company Directors. Other current listed company directorships: None. Former listed company directorships held in the last three years: None. David Kelly Non-Executive Director (Appointed 1 July 2025) Executive Director (Appointed 1 June 2024 – Ceased 30 June 2025) David has more than 25 years' experience in the mining industry, predominantly within the drill and blast sector. David joined the Group shortly after it was founded and served as Managing Director from 2017 to 2024 before transitioning to Executive Direct or and subsequently a Non - Executive Director role. Prior to joining Aquirian , David was the founding Managing Director of Hanwha Mining Services in Australia. His career also included more than a

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 10 - Managing Director (Appointed 1 July 2017 – Ceased 31 May 2024) decade with Orica where he held a range of commercial, operational and leadership roles across Australia, Hong Kong and Indonesia, including responsibility for global training and capability development. David holds a Graduate Certificate in Business from The University of Western Australia, has completed the Australian Institute of Company Directors course and is a member of the Australian Institute of Company Directors. Other current listed company directorships: None. Former listed company directorships held in the last three years: None. Alexandra Atkins Non-Executive Director (Appointed 9 April 2021- retired 27 October 2025) Alexandra has more than 30 years' mining industry experience across Australia and Papua New Guinea spanning mine development, operations, regulation, consulting and corporate governance. She has over 10 years' experience as a Non-Executive Director of ASX-listed companies and not-for- profit organisations and brings extensive expertise in strategy, risk, governance and finance. Alexandra is a Fellow of the Australian Institute of Company Directors and Governance Institute of Australia and is a Chartered Professional Fellow of The AusIMM and Engineers Australia. Other current listed company directorships: None Former listed company directorships held in the last three years: Perenti Limited (ASX:PRN) (July 2018 to October 2025) Strandline Resources Limited (ASX:STA) (May 2021 to November 2023) Adrian Mason Executive Director (Appointed 1 February 2026) Non-Executive Director (Appointed 28 February 2025 – Ceased 31 January 2026) Adrian is an experienced global executive with more than 25 years' experience leading business turnarounds, market expansions and operational transformations across Australia, Asia and North America. Adrian spent more than 20 years with Orica Limited in a range of senior leadership roles, including heading the flagship Australia Pacific business. During his career, Adrian has led large operational and commercial businesses and has extensive experience in strategic execution, organisational transformation, profitability improvement and commercial leadership. Adrian holds a Bachelor of Mechanical Engineering, a Master of Business Administration and is a Graduate of the Australian Institute of Company Directors. Other current listed company directorships: None. Former listed company directorships held in the last three years: None. Tanya Rybarczyk Non-Executive Director (Appointed 1 June 2026) Tanya is a finance professional and Chartered Accountant with more than 30 years' experience across finance, manufacturing, strategic planning, investor relations and executive leadership. Tanya most recently served as President Asia Pacific of Dyno Nobel and previously spent more than 20 years with Wesfarmers in a range of senior finance and operational leadership roles, including Chief Financial Officer of Wesfarmers Chemicals, Energy & Fertilisers (WesCEF ), General Manager of CSBP Fertilisers and General Manager of Kleenheat. Tanya holds a Bachelor of Commerce, a Graduate Diploma in Applied Finance and Investment, is a Chartered Accountant, a Graduate of Leadership Western Australia and a Graduate of the Australian Institute of Company Directors.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 11 - Tanya’s involvement in non-listed entities include Non-Executive Director of Synergy and a Director of the West Australian Ballet Company. She has previously served as Chair of Fertilisers Australia, Treasurer and Director of Gas Energy Australia, and Treasurer and Director of CommunityWest Inc. Other current listed company directorships: None. Former listed company directorships held in the last three years: None. Leonard Math Company Secretary (Appointed 24 March 2026) Leonard is an experienced finance and governance professional with more than 15 years' experience advising ASX -listed companies in the resources sector. His experience spans corporate governance, ASX and ASIC compliance, statutory financial reporting and s hareholder relations, and he has held company secretary and director positions across a number of listed entities. Leonard commenced his career with Deloitte and later specialised in company secretarial and corporate advisory services for public companies. Leonard holds a Bachelor of Business (Accounting and Information Systems) from Edith Cowan University and is a Chartered Accountant. Directors’ meetings The number of meetings of the board of Directors held during the financial year and the numbers of meetings attended by each Director were: Board of Directors Eligible to attend Attended Bruce McFadzean 12 12 David Kelly 12 12 Gregory Patching 12 12 Alexandra Atkins 3 3 Adrian Mason 12 11 Tanya Rybarczyk 1 1 Directors’ interests in shares or options Directors’ relevant interests in shares of Aquirian Limited or options over shares in the Group as at the date of this report are detailed below: Directors’ relevant interests in: Ordinary shares of Aquirian Limited Performance Rights Options over shares in Aquirian Limited Bruce McFadzean 1,067,268 - - David Kelly 4,115,299 2,294,193 - Gregory Patching 19,467,468 2,222,948 - Adrian Mason 600,000 196,337 1,000,000 Tanya Rybarczyk - - 1,000,000 The performance period for Tranche 3 performance rights held by Mr David Kelly (1,200,939 rights) and Mr Gregory Patching (902,984 rights) concluded on 30 June 2026. As at the date of this report, the Board has not completed its assessment of the applicable performance hurdles and has not determined the extent to which the performance rights will vest. The assessment will be undertaken following completion of the FY26 audit process and in accordance with the terms and conditions of the performance rights.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 12 - Indemnification and insurance of Directors and Officers The Group has indemnified the Directors and executives of the Group for costs incurred, in their capacity as a Director or executive, for which they may be held personally liable, except where there is a lack of good faith. During the year, the Group paid a premium in respect of a contract to insure the Directors and executives of the Group against a liability to the extent permitted by the Corporations Act 2001. Further disclosure required under section 300(9) of the Corporations Act 2001 is prohibited under the terms of the contract. Indemnification of auditors No indemnities have been given or insurance premiums paid, during or since the end of the year, for any person who is or has been an auditor of the Group. Proceedings on behalf of the Group No person has applied for leave of Court to bring proceedings on behalf of Aquirian Limited or any of its subsidiaries. Auditor’s independence declaration A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 in relation to the audit for the financial year is provided with this report. Non-audit services The Group may decide to employ the auditor on assignments additional to their statutory audit duties where the auditor’s expertise with the Group is important. Non-audit services were provided by the Group’s current auditors, Pitcher Partners BA&A Pty Ltd and related entities. The Directors are satisfied that the provision of the non-audit services during the year by the auditor is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. Non-audit services provided do not undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants (including Independence Standards), as they did not involve reviewing or auditing the auditor’s own work, acting in a management or decision making capacity for Aquirian Limited or any of its related entities, acting as an advocate for Aquirian Limited or any of its related entities, or jointly sharing risks and rewards in relation to the operations or activities of Aquirian Limited or any of its related entities. 2026 $ 2025 $ Amounts paid and payable to Pitcher Partners BA&A Pty Ltd and related entities for non-audit services: Other matters 6,067 8,250 Taxation compliance services 18,645 21,910 Total auditors’ remuneration for non-audit services 24,712 30,160 Rounding of amounts In accordance with ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2026/183, the amounts in the Directors’ report and in the financial report have been rounded to the nearest dollar.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 13 - Remuneration report (Audited) The Directors present the Group’s 2026 remuneration report which details the remuneration information for Aquirian Limited’s Directors and other key management personnel. A. Details of key management personnel (i) Directors Period of Responsibility Position Bruce McFadzean Appointed 9 April 2021 Non-Executive Chairperson Gregory Patching Appointed 27 June 2019 Managing Director David Kelly Appointed 1 July 2025 Non-Executive Director Alexandra Atkins Appointed 9 April 2021 – Ceased 27 October 2025 Non-Executive Director Adrian Mason Appointed 28 February 2025 – Ceased 31 January 2026 Non-Executive Director Adrian Mason Appointed 1 February 2026 Executive Director Tanya Rybarczyk Appointed 1 June 2026 Non-Executive Director (ii) Executives Mark Hunter Appointed 27 April 2021 – Ceased 22 May 2026 Chief Financial Officer Susan Cameron Appointed 23 April 2026 Chief Financial Officer B. Remuneration policies The Board has established a policy for determining the nature and amount of remuneration of key management personnel (“KMP”) that is agreed by the Board of Directors as a whole. The Board obtains independent professional advice where necessary to ensure that the Group attracts and retains talented and motivated Directors and employees who can enhance group performance through their contributions and leadership. For executives, the Group provides a remuneration package that incorporates both cash -based remuneration and an entitlement to participate in share-based remuneration as part of the Group’s short and long term incentive plans. The contracts for service between the Group and executives are on a continuing basis, the terms of which are not expected to change in the immediate future. Share-based remuneration is conditional upon continuing employment thereby aligning executives and shareholder interests. Non-executive Directors receive fees (salary) and may receive options for the purposes of aligning their interest more closely with the interest of the Group without conflicting on their obligation to bring independent judgement to matters before the board. The Board determines the maximum amount for remuneration, including thresholds for share-based remuneration, for Directors by resolution.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 14 - Service Agreements The Group has entered into service agreements with the following key management personnel. Key terms of their service agreements have been outlined below: Annual fixed remuneration including superannuation Other remuneration Notice periods to terminate Termination payments Bruce McFadzean $67,200 Either party may terminate at any point in time with no minimum notice period. Statutory entitlements. David Kelly $56,000 Adrian Mason $56,000 Tanya Rybarczyk $56,000 Alexandra Atkins $56,000 Gregory Patching $356,974 Short term and long-term incentive opportunities. 6 months’ notice by either party or payment in lieu, except as a result of any occurrence which gives the group a right to no notice period. Statutory entitlements: plus any unvested performance rights held by the executive KMP lapse upon termination or resignation unless the Board, in its absolute discretion, determines otherwise. Adrian Mason $353,920 Short term and long-term incentive opportunities. 3 months’ notice by either party or payment in lieu, except as a result of any occurrence which gives the group a right to no notice period. Mark Hunter $335,607 Short term and long-term incentive opportunities. Susan Cameron $336,000 Short term and long-term incentive opportunities.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 15 - Group earnings and shareholder wealth (5-year summary) 2026 2025 2024 2023 2022 Revenue and other income ($) 32,026,306 26,073,235 23,163,888 26,321,412 17,649,094 Profit/(loss) attributable to owners of Aquirian Limited ($) 1,391,470 (3,411,903) (648,999) 546,817 558,148 Basic earnings per share (cents per share) 0.013 (0.040) (0.008) 0.007 0.007 Share price at the end of the financial year ($) 0.43 0.34 0.19 0.18 0.30 Total remuneration ($) 1,827,693 1,565,609 1,597,181 1,424,443 1,486,636 Total performance-based remuneration ($) 245,470 97,815 141,428 162,484 423,820 The targeted remuneration mix for executive KMP for the year ended 30 June 2026 is outlined below; At risk Fixed remuneration Short-term incentive Long-term incentive Gregory Patching 69% 17% 14% Chief Executive Officer (CEO) Managing Director Adrian Mason 80% 20% 0% Executive Director Susan Cameron 80% 20% 0% Chief Financial Officer (CFO) 1. The % of long-term incentive is based on the expected expense recognised in accounts in respect to performance rights tranches. 2. The fixed remuneration above does not include allowances where provided.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 16 - Fixed remuneration The fixed remuneration paid to executive KMP is based on the size and scope of their role, knowledge and experience, and market benchmarks for that role. Fixed remuneration comprises base salary and superannuation. Remuneration levels are reviewed annually by the Board through a process that considers individual and overall performance of the Group. In addition, external advisors may be used to ensure the KMP’s remuneration is competitive with the market and relevant industry peers. FY26 Short-term incentive ("STI") During FY26, the STI provided to executive KMP had the following features: Description KMP and other senior management are able to participate in the STI. Performance criteria and payments STI awards are subject to performance criteria framework and weightings determined by the Board. Performance criteria includes a mix of financial and non-financial KPI’s, which are set at Group, Divisional and Individual level. The STI award is determined after the end of the financial year following a review of performance over the year against the STI performance measures by the Board. The Board approves the final STI award based on this assessment of performance after which the STI is paid in cash Performance period Performance against the STI targets relate to the period from 1 July 2025 to 30 June 2026. Board Discretion The Board has the right to modify, reduce or remove the STI opportunity at any time. Cessation of employment If an Eligible Participant ceases employment during a Performance Year, due to: a) retirement; (b) genuine redundancy; (c) total and permanent disablement; (d) death; or (e) terminal illness subject to the Board’s discretion to determine otherwise, they will remain entitled to a pro-rata STI Award for that Performance Year, and assessed at target. Unless the Board determines otherwise, if a Participant ceases employment for any other reason during a Performance Year, or prior to payment for a year in which an entitlement has already been earned but not yet paid, they will not be eligible for an STI Award for the Performance Year. Change of Control In the event a Change of Control occurs during the performance year, a participant will receive a pro-rata STI award, assessed at target.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 17 - Long-term Incentive ("LTI") At the discretion of the Board, the Group provides a LTI opportunity to executive KMP and other senior executives through the grant of performance rights. These performance rights can vest into fully paid ordinary shares in Aquirian Limited, for no consideration, subject to meeting a performance condition and a continued employment condition. The purpose of the Plan is to assist in the reward, retention and motivation of participants, link the reward of participants to shareholder value creation and align the interests of participants with shareholders of the Aquirian Group. Description KMP and other senior management are able to participate in the LTI. Terms and conditions The Board has the discretion to set the terms and conditions on which it will offer Performance Rights under the Plan, including the terms of the invitations. To the extent permitted by the Listing Rules and the Plan, the Board retains the discretion to vary or amend the terms and conditions of the Plan. Performance period The performance period is at the end of three years, which commences on 1 July each year. Dividends and voting rights Performance rights do not have dividend or voting rights. Shares allocated upon vesting of performance rights rank equally with other ordinary shares on issue. Change of control Where a Change of Control Event occurs, or the Board determines that such an event is likely to occur, Performance Rights will immediately vest for the full Vesting Period and the Performance Hurdles applicable to the Performance Rights. Cessation of employment In the event of resignation or termination of employment or engagement with the Group prior to the Performance Rights vesting, in general, unvested performance rights will lapse and the participant will have no further interest in the rights. Unless the Board determines otherwise, if employment ceases in other circumstances (e.g. retirement, redundancy, death or terminal illness, total and permanent disablement etc.), the Performance Rights would be retained on a pro-rata basis based on time served during the performance period, with the vesting conditions being tested in accordance with the applicable vesting conditions to determine the number of Performance Rights which may vest at this time (if any). The Board has the discretion to apply any other treatment that it deems appropriate in the circumstances. Performance criteria, vesting conditions For all Performance rights issued on the 1 July 2025, vesting at the end of the performance period, is dependent upon the satisfaction of the three performance hurdles vesting conditions: • 50% of the performance rights are subject to a Compound Annual Growth Rate (CAGR) in Aquirian Limited's Earnings per Share (EPS); and • 30% of the performance rights are subject to a CAGR in Aquirian Limited's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) • 20% of the performance rights are subject to achievement of Strategic Milestones.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 18 - The number of performance rights that vest (if any) is dependent on whether an individual or more than one of the performance hurdles is achieved by the Group at the end of the performance period. The performance hurdles will be assessed independently. Set out below are the number of performance rights expected to vest depending upon the results of the Groups’ operations: CAGR over the performance period (1 July 2025 – 30 June 2028) % of Performance Rights that will vest 3-year CAGR for TSR Below 10% NIL Between 10% and <15% 50% (Target), plus a straight- line increase to % award until 15% TSR is achieved. At or greater than 15% 100% CAGR over the performance period (1 July 2025 – 30 June 2028) % of Performance Rights that will vest 3-year CAGR for EBITDA Below 15% NIL 15% 50% (Target) Between 15% and 25% Straight line pro-rata vesting between 50% and 100% At or greater than 25% 100% Strategic Milestone Recognises the achievement of Strategic Milestones of the 3-year term of the performance period. Clawback The Plan contains clauses that address fraud, malfeasance, material misstatement, inappropriate benefits and clawback that will result in the forfeiture of unvested and unexercised Performance Rights and vested Shares and their value, and which may apply at any time, including during employment Trading restrictions Performance Rights may not be sold, transferred, mortgaged, charged or otherwise dealt with, except by force of law. Shares resulting from the exercise of performance rights will be subject to disposal restrictions due to compliance with: • the Plan; • the Aquirian Trading Policy; and • insider trading provisions of the Corporations Act.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 19 - C. Details of key management personnel (KMP) remuneration Details of the remuneration of key management personnel of the Group for the year ended 30 June 2026 and 30 June 2025 are set out in the following table. Short-Term Post- employment Share-based payments TOTAL Total performance related 2026 Salary fees Cash bonus Non- monetary Other (1) Superannuation LTI Performance Rights(2) Options(3) $ $ $ $ $ $ $ $ % Directors Bruce McFadzean 60,000 - - - 7,200 - - 67,200 0% Gregory Patching 326,974 142,790 - 45,760 30,000 48,909 - 594,433 32% David Kelly 25,000 - - 372,042 18,000 17,571 - 432,613 4% Alexandra Atkins (4) 16,667 - - - 2,000 - - 18,667 0% Adrian Mason 164,133 72,053 - 57,942 16,000 6,356 - 316,484 25% Tanya Rybarczyk 4,167 - - - 500 - 2,806 7,473 38% Executives Mark Hunter (4) 339,779 - - 1,430 27,619 (61,382) - 307,446 -20% Susan Cameron (4) 58,062 19,173 - 295 5,847 - - 83,377 23% 994,782 234,016 - 477,469 107,166 11,454 2,806 1,827,693 14% 2025 Directors Bruce McFadzean 52,015 - - - 5,982 - - 57,997 0% Gregory Patching 285,722 - 35,833 9,927 29,932 26,434 - 387,848 7% David Kelly 319,909 - - 45,760 29,932 36,483 - 432,084 8% Alexandra Atkins 42,557 - - - 4,894 - - 47,451 0% Adrian Mason 16,667 - - - 1,917 - 165,194 183,778 90% Executives Andrew Venn 17,839 - - 91,824 2,494 11,321 - 123,478 9% Mark Hunter 277,902 - - 1,560 29,932 23,579 - 332,973 7% 1,012,611 - 35,833 149,071 105,083 97,817 165,194 1,565,609 17% (1) Short-term benefits received include vehicle and telephone allowances, Adrian Mason includes relocation allowance, David Kelly includes termination payment of $246,084 and unused leave entitlements of $125,958. (2) Relates to the expense recognised in accounts in respect to the performance rights. FY26 relates to tranche 3, 4 and 5 and removal of Mark Hunter performance rights on resignation. FY25 includes reversal of amounts previously expensed in relation to tranche 2 removal. (3) Relates to the expense recognised in accounts in respect to share options. (4) Susan Cameron commenced on the 23/04/2026, Alexander Atkins retired 27/10/2025, Mark Hunter resigned 22/05/2026

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 20 - Performance related cash bonuses The remuneration of executive directors and other key management personnel includes the award of short- term cash bonuses payable upon the satisfaction of specified performance conditions. STI awards are subject to performance criteria framework and weightings determined by the Board. Performance criteria includes a mix of financial and non-financial KPI’s, which are set at Group and Individual level. KPIs for FY26 were 15% weighting for ESG, 55% weighting for EBITDA, and the remaining weighting on individual performance criteria. FY26 Maximum STI Available Amount included in remuneration Percentage vested in the financial year % Percentage forfeited in the financial year % Gregory Patching 178,487 142,790 80% 20% Chief Executive Officer (CEO) and Managing Director Adrian Mason (1) 90,067 72,053 80% 20% Executive Director Susan Cameron (2) 23,966 19,173 80% 20% Chief Financial Officer (CFO) (1) Appointed Executive Director 1 February 2026 (2) Appointed Chief Financial Officer 23 April 2026 D. Key management personnel’s share-based compensation In FY26, no options were granted to Key Management Personnel. In FY25, Non-executive Director Adrian Mason was granted 1,000,000 options on the 22 May 2025. The issue of the options was part of the remuneration package for Mr Adrian Mason and is considered reasonable remuneration in the circumstances and was negotiated on a n arm’s length basis. Additionally, the issue of options was also to align his interests with that of the Group. There are no performance conditions required to be satisfied associated with the options.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 21 - E. Key management personnel’s equity holdings (a) Number of options and performance rights held by key management personnel Information about share options and performance rights awarded to executive directors and other key management personnel is outlined in the following tables: 2026 Options Grant Date Expiry Date Exercise Price Balance at 1 July 2025 Granted during the year Exercised during the year Expired during the year Balance at 30 June 2026 Adrian Mason 22 May 2025 27 February 2027 $0.35 500,000 - - - 500,000 Adrian Mason 22 May 2025 27 February 2028 $0.45 500,000 - - - 500,000 Non-Executive Director Options $0.35 exercise price options $0.45 exercise price options Number of options 500,000 500,000 Grant date 22 May 2025 22 May 2025 Share price at grant date $0.33 $0.33 Exercise price $0.35 $0.45 Expected volatility 84.45% 103.3% Expiry date 27 February 2027 27 February 2028 Expected dividend yield Nil Nil Risk free rate 4.10% 4.10% Valuation per option ($) $0.142137 $0.188250 Total Valuation $71,069 $94,125 Options are granted over ordinary shares of Aquirian Limited and exercisable on a one-for-one basis.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 22 - (a) Number of options and performance rights held by key management personnel continued 2026 Performance rights Grant Date Expiry Date Balance at 1 July 2025 Granted during the year Exercised during the year Other Changes(1) Expired during the year Balance at 30 June 2026 Gregory Patching 19 October 2023 30 June 2026 902,984 - - - - 902,984 31 October 2024 30 June 2027 822,015 - - - - 822,015 28 October 2025 30 June 2028 - 497,949 - - - 497,949 David Kelly 19 October 2023 30 June 2026 1,200,939 - - - - 1,200,939 31 October 2024 30 June 2027 1,093,254 - - - - 1,093,254 Mark Hunter 19 October 2023 30 June 2026 704,490 - - (704,490) - - 31 October 2024 30 June 2027 641,320 - - (641,320) - - 28 October 2025 30 June 2028 - 312,096 - (312,096) - - (1) Performance rights lapsed on resignation. Performance rights granted during the year are subject to three performance hurdles, each of which is measured at the end of the three-year performance period commencing on 1 July and ending on 30 June. The above represents the maximum amount of performanc e rights attainable for each tranche. Refer to page 18. The maximum value of the performance rights offered to Mr Gregory Patching was $214,184, representing 60% of his FAR. The number of instruments issued has been determined by dividing the volume weighted average price (“VWAP”) of ordinary Aquarian Limited shares over the 7 trading days preceding the date upon which both the Group and recipients had agreed a mutual understa nding to the terms and conditions of their entitlement under the Plan (VWAP of $ 0.4301).

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 23 - (b) Number of shares held by key management personnel 2026 Balance 1/07/2025 Number of ordinary shares granted as remuneration Number of ordinary shares received on the exercise of options Net Other changes Total balance Number held nominally at 30/06/2026 Directors Bruce McFadzean 1,017,268 - - - 1,017,268 1,017,268 David Kelly 7,060,474 - - (2,995,175) 4,065,299 4,065,299 Gregory Patching 19,467,468 - - - 19,467,468 19,467,468 Adrian Mason 600,000 - - - 600,000 600,000 28,145,210 - - (2,995,175) 25,150,035 25,150,035 F. Loans to key management personnel No loans were made, guaranteed, or secured, directly or indirectly, by the Group and any of its subsidiaries, in the financial year to key management personnel, their close family members or their related entities during the year. G. Other transactions with key management personnel During the year ended 30 June 2026, a number of performance rights were issued or offered to key management personnel. Performance rights approved for issue by shareholders of Aquirian Limited at the most recent Annual General Meeting held on 28 October 2025 were issued on the 3 December 2025. Executive Director, Adrian Mason at the request of the Board was engaged to complete the “Full Potential” strategic review during the year. Total costs of the engagement for the year was $107,507. There were no other transactions entered into with Directors, key management personnel or their respective related parties during the year ended 30 June 2026. This concludes the remuneration report, which has been audited. Signed in accordance with a resolution of the Directors. ............................... ............................. Greg Patching Bruce McFadzean Managing Director Chairperson Perth Perth 26 August 2026 26 August 2026

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AUDITOR'S INDEPENDENCE DECLARATION TO THE DIRECTORS OF AQUIRIAN LIMITED AND ITS CONTROLLED ENTITIES - 24 - In accordance with section 307C of the Corporations Act 2001, I declare to the best of my knowledge and belief in relation to the audit of the annual report of Aquirian Limited and its controlled entities for the year ended 30 June 2026, there have been: • no cont raventions of the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and • no contraventions of the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) in relation to the audit. PITCHER PARTNERS BA&A PTY LTD MARIUS VAN DER MERWE Executive Director 26 August 2026 Adelaide | Br isbane | Melb ourne | Ne wcastle | Pe rth | Syd ney Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. pitcher.com.au . Pitcher Partners BA&A Pty Ltd An independent Western Australian Company ABN 76 601 361 095. Level 11, 12-14 The Esplanade, Perth WA 6000 Registered Audit Company Number 467435. Liability limited by a scheme under Professional Standards Legislation.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 25 - CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2026 Notes 30 June 2026 30 June 2025 $ $ Revenue and other income Revenue from contracts with customers 4 31,309,352 26,005,317 Other income 5 716,954 67,918 32,026,306 26,073,235 Less: expenses Materials, labour hire and consumables used 6 (18,800,777) (15,166,031) Depreciation, amortisation and impairment 6 (1,833,690) (4,363,513) Director fees (132,533) (124,032) Share based payments 18/19 (275,293) (241,055) Employee benefits expense 6 (5,550,578) (6,531,233) Occupancy expenses (173,980) (198,386) Advertising expense (64,082) (48,608) Finance costs 6 (759,610) (892,852) Other expenses (2,358,530) (2,163,842) (29,949,073) (29,729,552) Profit/(loss) before income tax expense 2,077,233 (3,656,317) Income tax (expense)/benefit 7 (685,763) 244,414 Net profit/(loss) from continuing operations 1,391,470 (3,411,903) Total comprehensive profit/(loss) for the year attributable to owners of Aquirian Limited 1,391,470 (3,411,903) Basic earnings/(loss) per share for profit attributable to owners of Aquirian Limited 22 0.013 (0.040) Diluted earnings/(loss) per share for profit attributable to owners of Aquirian Limited 22 0.013 (0.040) The accompanying Notes form part of these financial statements

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 26 - CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2026 Notes 30 June 2026 30 June 2025 $ $ Current assets Cash and cash equivalents 8 11,585,651 6,847,654 Receivables 9 5,186,348 3,389,755 Inventories 10 1,133,179 1,134,209 Other assets 11 1,151,391 956,962 Assets held for sale 12 135,000 195,000 Current tax asset 7 97,356 77,151 Total current assets 19,288,925 12,600,731 Non-current assets Plant and equipment 12 19,344,577 15,661,727 Lease assets 13 1,541,054 1,872,290 Intangible assets 14 4,646,728 4,409,672 Total non-current assets 25,532,359 21,943,689 Total assets 44,821,284 34,544,420 Current liabilities Lease liabilities 13 260,588 331,763 Payables 15 4,116,034 5,315,706 Borrowings 16 2,647,225 2,253,552 Provisions 17 409,095 560,541 Total current liabilities 7,432,942 8,461,562 Non-current liabilities Lease liabilities 13 1,517,850 1,720,481 Borrowings 16 10,430,251 10,792,738 Provisions 17 110,866 163,182 Deferred tax liability 7 1,187,032 613,898 Total non-current liabilities 13,245,999 13,290,299 Total liabilities 20,678,941 21,751,861 Net assets 24,142,343 12,792,559 Equity Share capital 19 22,564,373 12,608,851 Share based payments reserve 18 457,738 454,946 Retained earnings/(accumulated losses) 1,120,232 (271,238) Total equity 24,142,343 12,792,559 The accompanying Notes form part of these financial statements

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 27 - CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2026 Contributed equity Reserves Retained earnings Total equity $ $ $ $ Balance as at 1 July 2024 7,894,486 499,062 2,871,493 11,265,041 Loss for the year - - (3,411,903) (3,411,903) Total comprehensive loss for the year - - (3,411,903) (3,411,903) Transactions with owners in their capacity as owners: Issue of ordinary shares (Note 19) 4,714,365 - - 4,714,365 Share based payments expense (Note 18) 225,056 - 225,056 Transfer of expired rights (Note 18) - (269,172) 269,172 - Total transactions with owners in their capacity as owners 4,714,365 (44,116) 269,172 4,939,421 Balance as at 30 June 2025 12,608,851 454,946 (271,238) 12,792,559 Balance as at 1 July 2025 12,608,851 454,946 (271,238) 12,792,559 Profit for the year - - 1,391,470 1,391,470 Total comprehensive income for the year - - 1,391,470 1,391,470 Transactions with owners in their capacity as owners: Issue of ordinary shares (Note 19) 9,955,522 - - 9,955,522 Share based payments expense (Note 18) - 2,792 - 2,792 Total transactions with owners in their capacity as owners 9,955,522 2,792 - 9,958,314 Balance as at 30 June 2026 22,564,373 457,738 1,120,232 24,142,343 The accompanying Notes form part of these financial statements

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 28 - CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2026 Notes 30 June 2026 30 June 2025 $ $ Cash flow from operating activities Receipts from customers 32,850,817 27,688,974 Payments to suppliers and employees (32,024,319) (25,702,196) Interest received 17,934 17,746 Finance costs - other (631,499) (633,512) Income tax paid (94,929) (77,151) Finance costs - lease liabilities (128,111) (134,620) Net cash (used in)/provided by operating activities 21 (10,107) 1,159,241 Cash flow from investing activities Proceeds from sale of plant and equipment 818,136 934,353 Payment for plant and equipment (4,885,858) (2,837,649) Payment for intangibles (523,610) (553,309) Net cash used in investing activities (4,591,332) (2,456,605) Cash flow from financing activities Proceeds from issue of shares 10,280,000 5,000,000 Share issue costs (634,885) (306,180) Repayment of borrowings (2,609,447) (2,290,584) Proceeds received from borrowings 2,640,634 1,325,000 Principal portion of lease payments (336,866) (316,190) Net cash provided by financing activities 9,339,436 3,412,046 Reconciliation of cash Cash at beginning of the year 6,847,654 4,732,972 Net increase in cash held 4,737,997 2,114,682 Cash at end of the year 21 11,585,651 6,847,654 The accompanying Notes form part of these financial statements

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 29 - NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 30 JUNE 2026 NOTE 1: STATEMENT OF MATERIAL ACCOUNTING POLICY INFORMATION The following are the material accounting policies adopted by the Group in the preparation and presentation of the financial report. The accounting policies have been consistently applied, unless otherwise stated. (a) Basis of preparation of the financial report This financial report is a general purpose financial report that has been prepared in accordance with the Corporations Act 2001 and Australian Accounting Standards, Interpretations and other applicable authoritative pronouncements of the Australian Accounting Standards Board (AASB). The financial report covers the Company and the Group. The Company is a company limited by shares, incorporated, and domiciled in Australia. The address of the Company’s registered office and principal place of business is Level 5, 190 St Georges Terrace, Perth. The Company is a for-profit entity for the purpose of preparing the financial report. The financial report was approved by the Directors as at the date of the Directors’ report. Compliance with IFRS The financial report also complies with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). Historical cost convention The financial report has been prepared under the historical cost convention, as modified by revaluations to fair value for certain classes of assets and liabilities as described in the accounting policies. Fair value measurement For financial reporting purposes, ‘fair value’ is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants (under current market conditions) at the measurement date, regardles s of whether that price is directly observable or estimated using another valuation technique. When estimating the fair value of an asset or liability, the Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. Inputs to valuation techniques used to measure fair value are categorised into three levels according to the extent to which the inputs are observable: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. • Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3 inputs are unobservable inputs for the asset or liability. Significant accounting estimates and judgements The preparation of the financial report requires the use of certain estimates and judgements in applying the Group’s accounting policies. Those estimates and judgements significant to the financial report are disclosed in Note 2 to the consolidated financial statements.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 30 - (b) Going concern The financial report has been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and the settlement of liabilities in the ordinary course of business. (c) Borrowing costs Borrowing costs include interest expense calculated using the effective interest method, finance charges in respect of lease arrangements, and exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs. Borrowing costs are expensed as incurred, except for borrowing costs incurred as part of the cost of the construction of a qualifying asset, in which case the costs are capitalised until the asset is ready for its intended use or sale. (d) Cash and cash equivalents Cash and cash equivalents include cash on hand and at banks, short -term deposits with an original maturity of three months or less held at call with financial institutions, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabili ties on the statement of financial position. (e) Employee benefits (i) Short-term employee benefit obligations Liabilities arising in respect of wages and salaries, annual leave and other employee benefits (other than termination benefits) expected to be settled wholly before twelve months after the end of the reporting period are measured at the (undiscounted) amounts based on remuneration rates which are expected to be paid when the liability is settled. The expected cost of short-term employee benefits in the form of compensated absences such as annual leave is recognised in the provision for employee benefits. All other short -term employee benefit obligations are presented as payables in the statement of financial position. (ii) Other long-term employee benefit obligations The provision for other long-term employee benefits, including obligations for long service leave and annual leave, which are not expected to be settled wholly before twelve months after the end of the reporting period, are measured at the present value of the estimated future cash outflow to be made in respect of the services provided by employees up to the reporting date. Expected future payments incorporate anticipated future wage and salary levels, durations of service and employee turnover, and are discounted at rates determined by reference to market yields at the end of the reporting period on high quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms approximating to the terms of the related obligation. Any remeasurements for changes in assumptions of obligations for other long-term employee benefits are recognised in profit or loss in the periods in which the change occurs. Other long-term employee benefit obligations are presented as current liabilities in the balance sheet if the Group does not have an unconditional right to defer settlement for at least twelve months after the reporting date, regardless of when the actual settlement is expected to occur. All other long-term employee benefit obligations are presented as non -current liabilities in the statement of financial position.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 31 - (iii) Share-based payments The Group operates share -based payment employee share and option schemes. Share -based payments are measured at the fair value of goods or services received or the fair value of the equity instruments issued if it is determined the fair value of the goods o r services cannot be reliably measured and are recorded at the date the goods or services are received. The fair value of options is determined using a Black -Scholes Merton option pricing model. The fair value of performance rights at inception is determined using the respective employees LTI maximum percentage of their FAR and applying an initial 50% probability of attainment. The number of share options and performance rights expected to vest is reviewed and adjusted at the end of each reporting period such that the amount recognised for services received as consideration for the equity instruments granted is based on the number of equity instruments that eventually vest. The Group initially measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instruments at the date at which they are granted. Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determination of the most appropriate inputs to the valuation model including the expected life of the share option, volatility and dividend yield and making assumptions about them, as well as an assessment of the probability of achieving non-market based vesting conditions. The probability of achieving non -market based vesting conditions of performance rights is assessed at each reporting period. The Group has applied judgement in assessing the likelihood of achieving the performance milestones in relation to the performance rights issued in the period. (iv) Bonus plan The Group recognises a provision when a bonus is payable in accordance with the employee’s contract of employment, and the amount can be reliably measured. (f) Financial instruments Initial recognition and measurement Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the instrument. For financial assets, this is equivalent to the date that the Group commits itself to either the purchase or sale of the asset (i.e., trade date accounting is adopted). Financial instruments are initially measured at fair value adjusted for transaction costs. Classification of financial assets Financial assets recognised by the Group are subsequently measured in their entirety at either amortised cost or fair value. Classification of financial liabilities All other financial liabilities recognised by the Group are subsequently measured at amortised cost. Trade and other receivables Trade and other receivables arise from the Group’s transactions with its customers and are normally settled within 30-45 days. Consistent with both the Group’s business model for managing the financial assets and the contractual cash flow characteristics of the assets, trade and other receivables are subsequently measured at amortised cost.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 32 - Impairment of financial assets The following financial assets are tested for impairment by applying the ‘expected credit loss’ impairment model: (a) debt instruments measured at amortised cost; (b) receivables from contracts with customers, contract assets and lease receivables. The Group applies the simplified approach under AASB 9 to measuring the allowance for credit losses for receivables from contracts with customers. Under the AASB 9 simplified approach, the Group determines the allowance for credit losses for receivables from contracts with customers on the basis of the lifetime expected credit losses of the financial asset. Lifetime expected credit losses represent the expected credit losses that are expected to result from default events over the expected life of the financial asset. The gross carrying amount of a financial asset is written off (i.e., reduced directly) when the counterparty is in severe financial difficulty and the Group has no realistic expectation of recovery of the financial asset. Financial assets written off remain subject to enforcement action by the Group. Recoveries, if any, are recognised in profit or loss. (g) Impairment of non-financial assets Goodwill, intangible assets not yet ready for use and intangible assets with indefinite useful lives are not subject to amortisation and are therefore tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. For impairment assessment purposes, assets are generally grouped at the lowest levels for which there are largely independent cash flows ('cash generating units'). Accordingly, most assets are tested for impairment at the cash generating unit level. Because it does not generate cash flows independently of other assets or groups of assets, goodwill is allocated to the cash generating unit or units that are expected to benefit from the synergies arising from the business combination that gave rise to the goodwill. Assets other than goodwill, intangible assets not yet ready for use and intangible assets with indefinite useful lives are assessed for impairment whenever events or circumstances arise that indicate the asset may be impaired. An impairment loss is recognised when the carrying amount of an asset or cash generating unit exceeds the asset's or cash generating unit's recoverable amount. Impairment losses in respect of individual assets are recognised immediately in profit or loss . Impairment losses in respect of cash generating units are allocated first against the carrying amount of any goodwill attributed to the cash generating unit with any remaining impairment loss allocated on a pro rata basis to the other assets comprising th e relevant cash generating unit. (h) Income tax Current income tax expense or revenue is the tax payable on the current period's taxable income based on the applicable income tax rate adjusted by changes in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognised for temporary differences at the applicable tax rates when the assets are expected to be recovered or liabilities are settled. Deferred tax liabilities are not recognised if they arise from the initial recognition of goodwill. Deferred income tax is also not recognised if it arises from the initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. Deferred tax assets are recognised for deductible temporary differences and unused tax losses only if it is probable that future taxable amounts will be available to utilise those temporary differences and losses. Current and deferred tax balances attributable to amounts recognised directly in equity are also recognised directly in equity.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 33 - (i) Intangible Assets Goodwill Goodwill is not amortised, but is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it might be impaired. Subsequent to initial recognition, goodwill is measured at cost less any accumulated impairment losses. Trademarks, Patents and Designs Separately acquired intangible assets are recognised at cost and amortised over their estimated useful lives commencing from the time the asset is available for use. The amortisation method applied to an intangible asset is consistent with the estimated consumption of economic benefits of the asset. Subsequent to initial recognition, separately acquired intangible assets are measured at cost, less accumulated amortisation (where applicable) and any accumulated impairment losses. The Group has applied for, and currently holds, a number of patents across jurisdictions. The Group capitalises costs associated with patent design and application. Capitalised patent costs are amortised over a 17 year useful life, in line with the patent exclusivity period. IT software development costs Costs incurred in developing IT software are initially recognised as an asset and are subsequently amortised over their estimated useful lives commencing from the time the asset is available for use. The amortisation method applied to an intangible asset i s consistent with the estimated consumption of economic benefits of the asset. Subsequent to initial recognition, IT software development costs recognised as an intangible asset are measured at cost, less accumulated amortisation and any accumulated impairment losses. Capitalised development costs Costs incurred in developing products and technology are initially recognised as an asset and are subsequently amortised over their estimated useful lives commencing from the time the product is considered commercialised. The amortisation method applied to an intangible asset is consistent with the estimated consumption of economic benefits of the asset. Subsequent to initial recognition, development costs are recognised as an intangible asset are measured at cost, less accumulated amortisation and any accumulated impairment losses. (j) Inventories Inventories are measured at the lower of cost and net realisable value. Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. (k) Leases At the commencement date of a lease (other than leases of 12-months or less and leases of low value assets), the Group recognises a lease asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments. Lease assets Lease assets are initially recognised at cost. Subsequent to initial recognition, lease assets are measured at cost (adjusted for any remeasurement of the associated lease liability), less accumulated depreciation and any accumulated impairment loss. Lease assets are depreciated over the shorter of the lease term and the estimated useful life of the underlying asset, consistent with the estimated consumption of the economic benefits embodied in the underlying asset.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 34 - Lease liabilities Lease liabilities are initially recognised at the present value of the future lease payments (i.e., the lease payments that are unpaid at the commencement date of the lease). These lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined, or otherwise using the Group’s incremental borrowing rate. Subsequent to initial recognition, lease liabilities are measured at the present value of the remaining lease payments (i.e., the lease payments that are unpaid at the reporting date). Interest expense on lease liabilities is recognised in profit or loss (presented as a component of finance costs). Lease liabilities are remeasured to reflect changes to lease terms, changes to lease payments and any lease modifications not accounted for as separate leases. Variable lease payments not included in the measurement of lease liabilities are recognised as an expense when incurred. (l) Principles of consolidation The consolidated financial statements are those of the consolidated entity (“the Group”), comprising the financial statements of the parent entity and all the entities the parent controls. The Group controls an entity where it has the power, for which the parent has exposure or rights to variable returns from its involvement with the entity, and for which the parent has the ability to use its power over the entity to affect the amount of its returns. The financial statements of subsidiaries are prepared for the same reporting period as the parent entity, using consistent accounting policies. Adjustments are made to bring into line any dissimilar accounting policies which may exist. All inter group balances and transactions, including any unrealised profits or losses have been eliminated on consolidation. Subsidiaries are consolidated from the date on which control is obtained by the Group and are de recognised from the date that control ceases. (m) Plant and equipment Plant and equipment Plant and equipment is measured at cost, less accumulated depreciation and any accumulated impairment losses. Depreciation Land is not depreciated. The depreciable amount of all other property, plant and equipment is depreciated over their estimated useful lives commencing from the time the asset is held available for use, consistent with the estimated consumption of the economic benefits embodied in the asset. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. 2026 2025 Plant and equipment at cost: 10% – 50% 10% – 50%

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 35 - (n) Revenue from contracts with customers The Group derives revenue from the manufacture and supply of energetics, technology products and services, the sale and rental of mining equipment, labour hire, training and onsite field services. Revenue recognised at a point in time Revenue is recognised as, or when, goods or services are transferred to the customer, and is measured at an amount that reflects the consideration to which the Group expects to be entitled in exchange for the goods or services. Revenue recognised over time For rental of mining equipment and provision of labour hire and educational training services, as the customer simultaneously receives and consumes the benefits, the Group has an enforceable right to payment and as such the performance obligation is satisfied over time. Consideration included in the measurement of revenue The consideration to be received from customers may include fixed amounts, variable amounts, or both. Where the contract includes a right to variable consideration, the Group estimates the amount of variable consideration using the most likely amount appro ach on a contract -by- contract basis. Variable consideration is included in the measurement of revenue only to the extent that it is highly probable, based on historical experience, that a significant reversal of the cumulative amount recognised will not occur when the uncertainty associated with the variability is subsequently resolved. Receivables from contracts with customers A receivable from a contract with a customer represents the Group’s unconditional right to consideration arising from the transfer of goods or services to the customer (i.e., only the passage of time is required before payment of the consideration is due). Subsequent to initial recognition, receivables from contracts with customers are measured at amortised cost and are tested for impairment. Contract assets and liabilities AASB 15 Revenue from Contracts with Customers uses the terms "contract asset" and "contract liability" to describe what is commonly known as "accrued revenue" and " unearned revenue." Accrued revenue arises where work has been performed however is yet to be invoiced. Unearned revenue arises where payment is received prior to work being performed and is allocated to the performance obligations within the contract and recognised on satisfaction of the performance obligation. (o) New and revised accounting standards effective at 30 June 2026 The Group has applied all new and revised Australian Accounting Standards that apply to annual reporting periods beginning on or after 1 July 2025. There was no material impact as a result of the adoption of these Accounting Standards and Interpretations issued. (p) Accounting standards issued but not yet effective The Australian Accounting Standards Board (AASB) has issued a number of new and amended Accounting Standards and Interpretations that have mandatory application dates for future reporting periods, some of which are relevant to the Group. The Group has decided not to early adopt any of these new and amended pronouncements. The Group’s assessment of the new and amended pronouncements that are relevant to the Group but applicable in future reporting periods is set out below.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 36 - AASB 18 Presentation and Disclosure in Financial Statements AASB 18 replaces AABS 101 Presentation of Financial Statements to improve how entities communicate in their financial statements, with a focus on information about financial performance in the profit and loss. AASB 18 has also introduced changes to other accounting standards including AASB 108 Basis of Preparation of Financial Statements (previously titled Accounting Policies, Changes in Accounting Estimates and Errors), AASB 7 Financial Instruments: Disclosures, AASB 107 Statement of Cash Flows, AASB 133 Earnings Per Share and AASB 134 Interim Financial Reporting. They key presentation and disclosure requirement are: (a) the presentation of two newly defined subtotals in the statement or profit or loss, and the classification of income and expenses into operating, investing and financing categories – plus income taxes and discontinuing operations; (b) the disclosure of management-defined performance measures; and (c) enhanced requirements for grouping (aggregation and disaggregation) of information. AASB18 mandatorily applies to annual reporting periods commencing on or after 1 January 2027 for for-profit entities excluding superannuation entities apply AASB 1056 Super Entities. It will be first applied by the Group in the financial year commencing 1 July 2027. The likely impact of this accounting standard on the financial statements of the Group has not been determined. (q) Rounding of amounts The Group have applied the relief available under ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2026/183 and accordingly, the amounts in the consolidated financial statements and in the Directors’ report have been rounded to the nearest dollars. NOTE 2: SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS Certain accounting estimates include assumptions concerning the future, which, by definition, will seldom represent actual results. Estimates and assumptions based on future events have a significant inherent risk, and where future events are not as anticipated there could be a material impact on the carrying amounts of the assets and liabilities discussed below: (a) Impairment of goodwill Goodwill is allocated to a cash generating unit or units (CGU’s) according to management’s expectations regarding which assets will be expected to benefit from the synergies arising from the business combination that gave rise to the goodwill. The recovera ble amount of a CGU is based on value in use calculations. Refer to Note 14. (b) Impairment of non-financial assets other than goodwill All assets are assessed for impairment at each reporting date by evaluating whether indicators of impairment exist in relation to the continued use of the asset by the Group. Impairment triggers include declining product or manufacturing performance, technology changes, adverse changes in the economic or political environment and future product expectations. If an indicator of impairment exists, the recoverable amount of the asset is determined. (c) Income tax Deferred tax assets and liabilities are based on the assumption that no adverse change will occur in the income tax legislation and the anticipation that the Group will derive sufficient future assessable income to enable the benefit to be realised and comply with the conditions of deductibi lity imposed by the law.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 37 - NOTE 2: SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS CONTINUED Deferred tax assets are recognised for deductible temporary differences as management considers that it is probable that future taxable profits will be available to utilise those temporary differences. NOTE 3: FINANCIAL RISK MANAGEMENT The Group is exposed to the following financial risks in respect to the financial instruments that it held at the end of the reporting period: - Currency risk - Interest rate risk - Credit risk - Liquidity risk The Board of Directors has overall responsibility for identifying and managing operational and financial risks. The Group holds the following financial instruments: 2026 2025 Financial assets $ $ Amortised cost: - Cash and cash equivalents 11,585,651 6,847,654 - Receivables 5,186,348 3,389,755 16,771,999 10,237,409 Financial liabilities Amortised cost: - Payables 2,763,662 4,644,867 - Lease liabilities 1,778,438 2,052,244 - Borrowings 13,077,476 13,046,290 17,619,576 19,743,401 (a) Currency risk The Group undertakes transactions denominated in foreign currencies. Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Group manages its currency risk by transacting in AUD (where possible). Where amounts are received in foreign currencies, namely USD, a portion of receipts are maintained in USD and utilised for payment of USD denominated invoices.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 38 - NOTE 3: FINANCIAL RISK MANAGEMENT CONTINUED The carrying amounts of foreign currency denominated monetary assets and monetary liabilities at the reporting date are: Monetary assets Monetary liabilities 2026 2025 2026 2025 AUD $ AUD $ AUD $ AUD $ United States Dollar denominated 3,841,606 1,283,989 - - 2026 2025 +/- 10% movement in exchange rates $ $ Impact on profit after tax 349,237 116,726 Impact on equity (349,237) (116,726) (b) Interest rate risk The Group is exposed to interest rate risk in relation to its cash and borrowings. Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate as a result of changes in market interest rates. The Group m anages its interest rate risk by maintaining a mix of variable rate and fixed rate borrowings, and by utilising cash management offset. The Group is exposed to movements in market interest rates on short term deposits. The Directors monitor the Group's cash position relative to expected cash requirements. Where appropriate, surplus funds are placed on deposit as cash offsets to the loan borrowings, or deposits earning higher interest. The group also maintains a mixture of short and long-term debt. The following table outlines the Group’s exposure to interest rate risk in relation to future cash flows and the effective weighted average interest rates on classes of financial assets and financial liabilities: Financial instruments Interest bearing Non-interest bearing Total carrying amount Weighted average effective interest rate Fixed / variable rate 30 June 2026 $ $ $ % (i) Financial assets Cash 9,026,476 2,559,175 11,585,651 6.9% Variable Total financial assets 9,026,476 2,559,175 11,585,651 (ii) Financial liabilities Bank borrowings (fixed) 3,923,476 - 3,923,476 6.8% Fixed Bank borrowings (variable) 9,154,000 - 9,154,000 7.0% Variable Lease liabilities 1,778,438 - 1,778,438 6.4% Fixed Total financial liabilities 14,855,914 - 14,855,914

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 39 - NOTE 3: FINANCIAL RISK MANAGEMENT CONTINUED Financial instruments Interest bearing Non-interest bearing Total carrying amount Weighted average effective interest rate Fixed / variable rate 30 June 2025 $ $ $ % (i) Financial assets Cash 4,462,369 2,385,285 6,847,654 6.7% Variable Total financial assets 4,462,369 2,385,285 6,847,654 (ii) Financial liabilities Bank borrowings (fixed) 1,846,290 - 1,846,290 6.8% Fixed Bank borrowing (variable) 11,200,000 - 11,200,000 6.6% Variable Lease liabilities 2,052,244 - 2,052,244 6.2% Fixed Total financial liabilities 15,098,534 - 15,098,534 No other financial assets or financial liabilities are expected to be exposed to interest rate risk. If variable interest rates were to increase/decrease by 100 basis points from the rates prevailing at the reporting date, assuming all other variables remain constant, then the impact on profit for the year would not be material. (c) Credit risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the counterparty by failing to discharge an obligation. The maximum exposure to credit risk, excluding the value of any collateral or other security, at the reporting date of recognised financial assets is the carrying amount of those assets, net of any allowance for credit losses, as disclosed in consolidated statement of financial position and notes to the consolidated financial statements. The Group does not have any material credit risk exposure to any single counterparty or group of counterparties under financial instruments entered into by the Group. i) Cash deposits Credit risk for cash deposits is managed by holding all cash deposits with a major Australian bank of at least AA- credit rating. ii) Receivables from contracts with customers Credit risk for receivables from contracts with customers is managed by transacting with a large number of customers, undertaking credit checks for all new customers and managing customer service supply commensurate with their assessed credit risk. Outstanding receivables are regularly monitored for payment in accordance with credit terms.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 40 - NOTE 3: FINANCIAL RISK MANAGEMENT CONTINUED (d) Liquidity risk Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. Well established cash flow management processes and liquidity risk management are established for the consolidated entity to maintain sufficient liquidity (mainly cash and cash equivalents) to pay debts as and when they become due and payable. The following table outlines the Group’s remaining contractual maturities for non -derivative financial liabilities. The amounts presented in the table are the undiscounted contractual cash flows of the financial liabilities, allocated to time bands based on the earliest date on which the Group can be required to pay. 0-12 months 1-10 years Total contractual cash flows Carrying amount 30-Jun-26 $ $ $ $ Payables 2,763,662 - 2,763,662 2,763,662 Bank borrowings 2,910,452 10,648,851 13,559,303 13,077,476 Lease liabilities 365,539 1,834,181 2,199,720 1,778,438 6,039,653 12,483,032 18,522,685 17,619,576 30-Jun-25 $ $ $ $ Payables 4,644,867 - 4,644,867 4,644,867 Bank borrowings 2,381,924 10,978,316 13,360,240 13,046,290 Lease liabilities 449,747 2,140,186 2,589,933 2,052,244 7,476,538 13,118,502 20,595,040 19,743,401 (e) Fair value compared with carrying amounts The carrying amounts of financial assets and financial liabilities recognised in the consolidated financial statements approximate their fair value as at the reporting date, given borrowing arrangements are at market rates and/or their short-term basis to maturity.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 41 - NOTE 4: REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue from contracts with customers from continuing operations 2026 2025 $ $ Revenue recognised at a point in time 15,288,006 10,476,416 Revenue recognised over time 16,021,346 15,528,902 31,309,352 26,005,317 The aggregate amount of transaction prices (unrecognised revenue) allocated to remaining performance obligations, at the reporting date, is as follows: Mining Services 309,615 140,399 People Services 16,208 14,708 325,823 155,107 The aggregate amount of transaction prices (unearned revenue) allocated to remaining performance obligations, at the reporting date (as disclosed above), is expected to be recognised as revenue within 6 months of the reporting date. This unearned amount is currently recognised within trade and other payables. NOTE 5: OTHER INCOME Other revenue and other income from continuing operations 2026 2025 Other income $ $ Net gain/(loss) on disposal of property, plant & equipment 684,243 (24,476) Foreign exchange (loss)/gain (29,182) 32,825 Interest received 17,934 17,746 Other income 43,959 41,823 716,954 67,918

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 42 - NOTE 6: PROFIT FROM CONTINUING OPERATIONS Profit from continuing operations before income tax has been determined after the following specific expenses: 2026 2025 $ $ Materials, labour hire and consumables used Hire of equipment 69,725 196,440 Repairs and maintenance on equipment rented to customers 531,570 373,278 Labour hire personnel 8,970,796 6,804,975 Raw materials, parts, accessories, and consumables used 2,060,601 1,710,523 Other material and labour hire expenses 7,168,085 6,080,815 18,800,777 15,166,031 Employee benefits expense Salaries and wages 4,853,790 5,804,686 Superannuation guarantee contributions 556,473 594,046 Other employee benefits 140,315 132,501 5,550,578 6,531,233 Depreciation expense Plant and equipment 1,152,841 1,712,146 Lease expenses (excluding finance costs on lease liabilities) 394,295 389,658 1,547,136 2,101,804 Amortisation and impairment expense Trademarks, patents, design and development amortisation Goodwill impairment (Note: 14) 206,672 - 204,538 764,645 Equipment and stores holding impairment (Note: 10 & 12) - 1,206,489 Internal software amortisation 79,882 86,037 286,554 2,261,709 Finance costs expensed Financial liabilities measured at amortised cost: - Bank borrowings 631,499 758,232 - Lease liabilities 128,111 134,620 759,610 892,852

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 43 - NOTE 7: INCOME TAX 2026 2025 $ $ (a) Components of tax expense: Current tax 74,724 - Deferred tax 649,479 (136,119) Under/(over) provision in prior years (38,440) (108,295) (685,763) (244,414) (b) Income tax reconciliation The prima facie tax payable on profit before income tax is reconciled to the income tax expense as follows: Prima facie income tax payable on profit before income tax at 25% (2025: 25%) 519,308 (914,079) Add / (Less) tax effect of: - Entertainment 14,947 8,015 - Penalties and fines 678 64 - Other non-allowable items 9,878 - - Share based payments 68,823 56,264 - Impairment - 713,617 - Deferred tax on prior year plant & equipment 110,569 - Under / (over) provision in prior years (38,440) (108,295) Income tax expense attributable to profit /(loss) 685,763 (244,414) (c) Current tax Current tax relates to the following: Current tax liabilities / (assets) Opening balance (77,151) - Income tax 74,724 Losses carried back - - Instalments paid (94,929) (77,151) Under / (over) provisions - - Current tax liabilities / (assets) (97,356) (77,151) (d) Deferred tax Deferred tax relates to the following: Deferred tax assets balance comprises: Provision for doubtful debts - 8,071 Provision for obsolescence - 71,046 Employee benefits 110,727 149,751 Business related costs 250 7,934 Accruals 89,862 120,486 Borrowing costs 4,546 6,977 Capital raising costs 33,051 23,065 Property, plant & equipment under lease 59,346 44,989 Tax losses 45,450 376,063 343,232 808,381 Deferred tax liabilities balance comprises: Accrued revenue (33,032) - Prepayments (213,936) (204,705) Plant & Equipment (1,283,296) (1,217,574) (1,530,264) (1,422,279) Net deferred tax (liabilities) / assets (1,187,032) (613,898)

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 44 - NOTE 7: INCOME TAX CONTINUED (e) Deferred income tax (revenue)/expense included in income tax expense comprises: 2026 2025 $ $ Decrease / (increase) in deferred tax assets 624,304 192,614 (Decrease) / increase in deferred tax liabilities 25,175 (328,733) Under / (over) provision (38,440) (108,295) 611,039 (244,414) (f) Deferred income tax related to items charged or credited directly to equity: 2026 2025 $ $ Decrease / (increase) in deferred tax assets 37,905 4,545 (Decrease) / increase in deferred tax liabilities - - 37,905 4,545 NOTE 8: CASH AND CASH EQUIVALENTS 2026 2025 $ $ Cash at bank and on hand 11,328,281 6,590,284 Term deposit 257,370 257,370 11,585,651 6,847,654 NOTE 9: RECEIVABLES 2026 2025 $ $ CURRENT Receivables from contracts with customers 5,263,253 3,466,660 Allowance for expected credit losses (76,905) (76,905) 5,186,348 3,389,755 Trade Receivables Invoicing of customers generally occurs monthly. Outstanding invoices are due for payment within 30 - 45 days of the invoice date. NOTE 10: INVENTORIES 2026 2025 $ $ CURRENT Finished goods - at cost 877,853 892,038 Stores holdings - at cost 255,326 526,353 Stores holdings – provision for obsolescence - (284,182) Total inventories 1,133,179 1,134,209 NOTE 11: OTHER CURRENT ASSETS 2026 2025 $ $ Prepayments 1,097,721 881,662 Accrued revenue 53,670 75,300 1,151,391 956,962

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 45 - NOTE 12: PLANT AND EQUIPMENT 2026 2025 $ $ Plant & equipment At cost 19,811,095 16,680,532 Accumulated depreciation (3,170,468) (2,064,328) 16,640,627 14,616,204 Assets under construction At cost 2,838,950 1,240,523 Total plant and equipment 19,479,577 15,856,727 Assets under construction pertains to equipment that is currently undergoing pre-commissioning and not held ready for use. Reconciliations 2026 2025 $ $ Reconciliations of the carrying amounts of property, plant and equipment at the beginning and end of the current financial year Plant & equipment Carrying amount at beginning of year 14,616,204 15,814,265 Additions 2,046,909 1,166,320 Disposals (110,168) (958,829) Assets held for sale - 195,000 Transfers from assets under construction 1,240,523 1,082,276 Equipment Impairment* - (970,682) Depreciation expense (1,152,841) (1,712,146) Carrying amount end of year 16,640,627 14,616,204 Assets under construction Carrying amount at beginning of period/year 1,240,523 1,082,276 Additions 2,838,950 1,240,523 Transfers between classes (1,240,523) (1,082,276) Carrying amount end of year 2,838,950 1,240,523 * Impairment on underground truck fleet in line with the strategic focus of transitioning out of heavy vehicle underground hire.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 46 - NOTE 13: LEASE ASSETS AND LEASE LIABILITIES 2026 2025 $ $ Lease assets Carrying amount of lease assets, by class of underlying asset: Buildings under lease arrangements At cost 2,935,753 2,872,693 Accumulated depreciation (1,394,699) (1,000,403) Total carrying amount of lease assets 1,541,054 1,872,290 Total Reconciliation of the carrying amount of lease assets at the beginning and end of the financial year: $ Carrying amount at 1 July 2024 1,956,580 Additions – Cybem Workshop lease extension Additions – Maglok Workshop lease extension 63,056 242,313 Amortisation (389,659) Carrying amount at 30 June 2025 1,872,290 Additions – Cybem Workshop lease extension 63,060 Amortisation (394,296) Carrying amount at 30 June 2026 1,541,054 The Group has two leases in place in Perth: a warehouse and Group offices. Maglok operations also have a lease for premises in Adelaide. Additionally, the Group has an option to extend the lease term on its premises. The Group does not have an option to purchase any properties at the end of the lease term. Interest expense is recognised within finance costs. Refer note 6. 2026 2025 $ $ Lease liabilities Current lease liabilities 260,588 331,763 Non-current lease liabilities 1,517,850 1,720,481 Total carrying amount of lease liabilities 1,778,438 2,052,244 Lease expenses and cashflows Interest expense on lease liabilities 128,111 134,620 Depreciation expense on lease assets 394,296 389,659 Total cash outflow in relation to leases (464,977) (450,810)

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 47 - NOTE 14: INTANGIBLE ASSETS 2026 2025 $ $ Goodwill At cost 689,951 689,951 689,951 689,951 Trademarks, patents and designs At cost 1,516,008 1,341,169 Accumulated amortisation (219,169) (138,669) 1,296,839 1,202,500 Capitalised internal software costs At cost 498,150 498,150 Accumulated amortisation (296,254) (216,372) 201,896 281,778 Capitalised development costs At cost 2,925,085 2,576,314 Accumulated amortisation (467,043) (340,871) 2,458,042 2,235,443 Total intangible assets 4,646,728 4,409,672 Reconciliation Goodwill Trademarks, patents and designs Internal software costs Capitalised development costs $ $ $ $ Carrying amount at 1 July 2024 1,454,596 1,028,031 353,685 2,075,271 Additions - 252,836 14,130 286,343 Impairment expense (764,645) - - - Amortisation expense - (78,367) (86,037) (126,171) Carrying amount at 30 June 2025 689,951 1,202,500 281,778 2,235,443 Additions - 174,839 - 348,771 Amortisation expense - (80,500) (79,882) (126,172) Carrying amount at 30 June 2026 689,951 1,296,839 201,896 2,458,042 Trademark, patent and design costs are amortised over a useful life of 17 years from their grant date. Development costs and trademarks, patents and designs capitalised during the period pertain to the Group’s Collar Keeper system. Internal software costs are amortised over a useful life of 3 - 7 years from implementation. Development costs are amortised over a useful life of 5 – 10 years from commercialisation.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 48 - NOTE 14: INTANGIBLE ASSETS CONTINUED 2026 2025 Impairment tests for goodwill and intangible assets with indefinite useful lives $ $ Goodwill is allocated to the following cash generating units (CGU): - Modular Training 146,170 146,170 - Maglok Australia 543,781 543,781 - Cybem Services - - 689,951 689,951 The recoverable amount of a CGU is based on value in use calculations. These calculations are based on projected cash flows approved by management covering a period of 1 year extrapolated to a maximum of five years. Management’s determination of cash flow projections and gross margins are based on past performance and its expectation for the future. The present value of year one future cash flows has been calculated using current budget for FY27, for cash flows in year two to five are based on average growth rates of 3.0% (2025: 3.0%). A terminal value growth rate of 3.0% (2025: 1.5%) has been used for year 5 and a discount rate of 8.5% (2025: 6.5%) to determine value-in-use. No reasonable change in the key assumptions of the value in use calculations would result in impairment. An impairment of $764,645 was recognised in amortisation and impairment expenses in the Statement of Profit or Loss and Other Comprehensive for the year ended 30 June 2025. NOTE 15: PAYABLES 2026 2025 $ $ CURRENT Trade payables 1,058,696 2,215,957 Other payables (i) 1,704,966 2,428,910 Accruals 1,026,549 523,358 Unearned revenue 325,823 147,481 4,116,034 5,315,706 (i) Other payables namely relate to Superannuation, PAYG and GST obligations owing for the June quarter then ended.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 49 - NOTE 16: BORROWINGS 2026 2025 $ $ CURRENT Secured by fixed and floating charge: - Asset finance facilities 955,225 384,552 - Long-term bank loan 1,692,000 1,869,000 sub-total 2,647,225 2,253,552 NON-CURRENT Secured by fixed and floating charge: - Asset finance facilities 2,968,251 1,461,738 - Long-term bank loan, net of current maturities 7,462,000 9,331,000 sub-total 10,430,251 10,792,738 TOTAL 13,077,476 13,046,290 Asset finance facilities The asset finance facilities are held with the National Australia Bank and secured via a registered GSA over the equipment purchased under their relevant agreements. The Group has also provided a general security agreement to the bank in respect to the Group's existing and future assets. The Group's asset finance facility has a limit of up to $7.75 million. Asset finance facilities bear fixed interest at an average prevailing market rate of ~6.8% per annum across the current loans and are primarily payable over 1 to 5 year terms. Long-term bank loan The Group secured long-term bank loans with the National Australia Bank in order to fund its acquisitions of the Wubin Facility. The Wubin Facility commercial loan bears a floating interest rate in line with the business lending rate offered by National Australia Bank , plus a margin of 2.15%. For 30 June 202 6 the rate was ~6.958% per annum (2025: ~6.45% per annum). All banking covenants metrics associated with the commercial loan have been satisfied. The nature of the covenants are as follows: Capital adequacy ratio Debt service cover ratio Net leverage ratio The Group is required to comply with these covenants quarterly. The loan is an amortising term debt facility which has a re -draw function. The loan principle is repayable in equal six-monthly instalments of $846,000 from September 2025 until expiry August 2031. As described above, these loans are also secured by a general security agreement over the Group's existing and future assets. NOTE 17: PROVISIONS 2026 2025 $ $ CURRENT Employee benefits 409,095 560,541 NON-CURRENT Employee benefits 110,866 163,182

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 50 - NOTE 18: SHARE BASED PAYMENTS 2026 2025 $ $ Share Based Payments Reserve 457,738 454,946 (a) Share based payment reserve (i) Nature and purpose of reserve The Share-based payment reserve is used to recognise the value of equity settled share-based payment arrangements. At balance date these include options and performance rights. 2026 2025 (ii) Movements in reserve $ $ Balance at beginning of year 454,946 499,062 Recognition of options over unissued ordinary shares* - 165,194 Recognition of unexercised expired options over unissued ordinary shares - (269,172) Recognition of performance rights* 2,792 59,862 Balance at end of year 457,738 454,946 * These items comprise the total share based payments expense as recognised in the statement of profit or loss and other comprehensive income. In FY26 the Group reviewed the probability of vesting for the following performance rights based on results achieved for the 30 June 2026 financial year: • Tranche 3 of performance rights is subject to two performance hurdles, was adjusted from 50% likelihood to 25% likelihood that performance rights will vest at the end of the 3-year vesting period. The value of the performance rights is $125,310. The value credited to share based payments in the year was $82,632. • Tranche 4 of performance rights is subject to two performance hurdles, continues to maintain 50% likelihood that performance right would vest at the end of the 3-year vesting period. The value of the performance rights is $122,577. The value debited to share based payments in the year was $40,766. • Tranche 5 of performance rights is subject to three performance hurdles, continues to maintain 50% likelihood that performance right would vest at the end of the 3-year vesting period. The value of the performance rights is $44,657. The value debited to share based payments in the year was $44,657.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 51 - NOTE 18: SHARE BASED PAYMENTS CONTINUED (b) Options No options were granted in FY26. In FY25, Non-executive Director Adrian Mason was granted 1,000,000 options on the 22 May 2025. The issue of the options was part of the remuneration package for Mr Adrian Mason and is considered reasonable remuneration in the circumstances and was negotiated on an arm’s length basis. Additionally, the issue of options was also to align his interests with that of the Group. The issue of the options to Adrian Mason were undertaken in two equal classes. Further detail in relation to the exercise price of each option class is set out below. Date options granted Number of unissued ordinary shares under option Exercise price of shares Expiry date of the options 22 May 2025 500,000 $0.35 27 February 2027 22 May 2025 500,000 $0.45 27 February 2028 Non-Executive Director Options $0.35 exercise price options $0.45 exercise price options Number of options 500,000 500,000 Grant date 22 May 2025 22 May 2025 Share price at grant date $0.33 $0.33 Exercise price $0.35 $0.45 Expected volatility 84.45% 103.3% Expiry date 27 February 2027 27 February 2028 Expected dividend yield Nil Nil Risk free rate 4.10% 4.10% Valuation per option ($) $0.142137 $0.188250 Total Valuation $71,069 $94,125 There are no performance conditions required to be satisfied associated with the options granted on the 22 May 2025. 2026 Options Grant Date Expiry Date Exercise Price Balance at 1 July 2025 Granted during the year Exercised during the year Expired during the year Balance at 30 June 2026 Exercisab le at 30 June 2026 22 May 2025 27 February 2027 $0.35 500,000 - - - 500,000 500,000 22 May 2025 27 February 2028 $0.45 500,000 - - - 500,000 500,000 2025 Options Grant Date Expiry Date Exercise Price Balance at 1 July 2024 Granted during the year Exercised during the year Expired during the year Balance at 30 June 2025 Exercisab le at 30 June 2025 27 July 2021 27 July 2025 $0.35 1,250,000 - - 1,250,000 - - 22 May 2025 27 February 2027 $0.35 - 500,000 - - 500,000 500,000 22 May 2025 27 February 2028 $0.45 - 500,000 - - 500,000 500,000

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 52 - NOTE 18: SHARE BASED PAYMENTS CONTINUED (c) Performance rights Executive performance rights 2026 Performance rights Grant Date Expiry Date Balance at 1 July 2025 Granted during the year Exercised during the year Other Changes(1) Expired during the year Balance at 30 June 2026 Exercisable at 30 June 2026 19 October 2023 30 June 2026 2,808,413 - - (704,490) - 2,103,923 - 31 October 2024 30 June 2027 2,556,589 - - (641,320) - 1,915,269 - 28 October 2025 30 June 2028 - 810,045 - (312,096) - 497,949 - 2025 Performance rights Grant Date Expiry Date Balance at 1 July 2024 Granted during the year Exercised during the year Other Changes (1) Expired during the year Balance at 30 June 2025 Exercisab le at 30 June 2025 10 November 2023 30 June 2025 1,483,252 - - - (1,483,252) - - 19 October 2023 30 June 2026 3,585,267 - - (776,583) - 2,808,413 - 31 October 2024 30 June 2027 - 2,556,589 - - - 2,556,589 - (1) Performance rights lapsed following resignation.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 53 - NOTE 18: SHARE BASED PAYMENTS CONTINUED Tranche Date performance rights issued Number of performance rights granted(1) Date of performance rights grant Date of vesting of performance rights Tranche 3 19 January 2024 3,585,267 19 October 2023 30 June 2026 Tranche 4 26 November 2024 2,556,589 31 October 2024 30 June 2027 Tranche 5 3 December 2025 976,691 28 October 2025 30 June 2028 (1) to executives and employees. Vesting of the performance rights are dependent upon the satisfaction of the performance hurdles vesting conditions. The above represents the maximum amount of performance rights attainable. Performance Rights Issued 19 January 2024 The performance rights are subject to two performance hurdles, each of which is measured at the end of the three-year performance period commencing on 1 July 2023 and ending on 30 June 2026. The performance hurdles are: A. 3-year Compound Annual Growth Rate (CAGR) Earnings per Share (EPS) (weighting 50%); and B. 3-year CAGR Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) (weighting 50%). The number of performance rights that vest (if any) is dependent on whether either one or both of the performance hurdles is achieved by the Group at the end of the performance period. The performance hurdles will be assessed independently. Set out below are the relative percentage of total performance rights under each tranche expected to vest depending upon the results of the Groups’ operations: CAGR over the performance period (1 July 2023 – 30 June 2026) (“3-year vesting period”) % of Performance Rights that will vest Below 15% NIL 15% 50% (Target) Between 15% and 25% Straight line pro-rata vesting between 50% and 100% At or greater than 25% 100% Executive performance rights The maximum value of executives performance rights is $135,172, determined with reference to the agreed percentage of each individuals Fixed Annual Remuneration (“FAR”). The number of instruments issued has been determined by dividing the volume weighted average price (“VWAP”) of ordinary Aquarian Limited shares over the 7 trading days preceding the date upon which both the Group and rec ipients had agreed a mutual understanding to the terms and conditions of their entitlement under the Plan (VWAP of $0.1740). At 30 June 202 6, the Group believe it is more probable than not that at least 25% of the tranche of performance rights vest at the end of the 3-year vesting period.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 54 - NOTE 18: SHARE BASED PAYMENTS CONTINUED Director Performance Rights As approved by shareholders at the Group’s AGM held on 19 October 2023, Mr Gregory Patching (Managing Director) and Mr David Kelly (Executive Director) were offered 902,984 and 1,200,939 performance rights respectively as incentives to motivate and provide them with opportunity to participate in the growth of the Group. These performance rights were issued on 19 January 2024. Consistent with the performance rights offered to executives and outlined above , these instruments were issued in two equal tranches requiring at least a 15% CAGR in either EPS or EBITDA during the 3-year vesting period. The maximum value of the performance rights offered to Mr David Kelly was $ 208,963, representing 60% of his FAR. The maximum value of the performance rights offered to Mr Gregory Patching was $157,119, representing 50% of his FAR. The number of instruments issued has been determined by dividing the volume weighted average price (“VWAP”) of ordinary Aquarian Limited shares over the 7 trading days preceding the date upon which both the Group and recipients had agreed a mutual underst anding to the terms and conditions of their entitlement under the Plan (VWAP of $0.1740). In accordance with Australian Accounting Standards, this amount will be expensed proportionally over the 3-year vesting period, in line with the Group’s best estimate of the number of performance rights that will eventually vest. At 3 0 June 202 6, the Group believe it is more probable than not that at least 25% of the tranche of performance rights vest at the end of the 3-year vesting period. As at the date of this report, the Board has not completed its assessment of the performance hurdles applicable to the performance rights granted on 19 January 2024, which are due to vest on 30 June 2026, and has not determined the extent to which those pe rformance rights will vest. The assessment will be undertaken following completion of the FY26 audit process and in accordance with the terms and conditions of the performance rights. A total of $82,632 has been recognised as a share based payment expense in the statement of profit or loss and other comprehensive income, and the share based payments reserve at 30 June 2026 in relation to the above instrument issued to Directors and executives of the Group. Performance Rights Issued 26 November 2024 The performance rights are subject to two performance hurdles, each of which is measured at the end of the three-year performance period commencing on 1 July 2024 and ending on 30 June 2027. The performance hurdles are: A. 3-year Compound Annual Growth Rate (CAGR) Earnings per Share (EPS) (weighting 50%); and B. 3-year CAGR Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) (weighting 50%). The number of performance rights that vest (if any) is dependent on whether either one or both of the performance hurdles is achieved by the Group at the end of the performance period. The performance hurdles will be assessed independently.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 55 - NOTE 18: SHARE BASED PAYMENTS CONTINUED Set out below are the relative percentage of total performance rights under each tranche expected to vest depending upon the results of the Groups’ operations: CAGR over the performance period (1 July 2023 – 30 June 2026) (“3-year vesting period”) % of Performance Rights that will vest Below 15% NIL 15% 50% (Target) Between 15% and 25% Straight line pro-rata vesting between 50% and 100% At or greater than 25% 100% Director Performance Rights As approved by shareholders at the Group’s AGM held on 31 October 2024, Mr Gregory Patching (Managing Director) and Mr David Kelly (Executive Director) were offered 822,015 and 1,093,254 performance rights respectively as incentives to motivate and provide them with opportunity to participate in the growth of the Group. These performance rights were issued on 26 November 2024. Consistent with the performance rights offered to executives and outlined above, these instruments were issued in two equal tranches requiring at least a 15% CAGR in either EPS or EBITDA during the 3 -year vesting period. The maximum value of the performance rights offered to Mr David Kelly was $209,905, representing 60% of his FAR. The maximum value of the performance rights offered to Mr Gregory Patching was $ 157,827, representing 50% of his FAR. The number of instruments issued has been determined by dividing the volume weighted average price (“VWAP”) of ordinary Aquarian Limited shares over the 7 trading days preceding the date upon which both the Group and recipien ts had agreed a mutual understanding to the terms and conditions of their entitlement under the Plan (VWAP of $0.1920). In accordance with Australian Accounting Standards, this amount will be expensed proportionally over the 3-year vesting period, in line with the Group’s best estimate of the number of performance rights that will eventually vest. At 30 June 202 6, the Group believe it is more probable than not that at least 50% of the tranche of performance rights vest at the end of the 3-year vesting period. A total of $40,766 has been recognised as a share based payment debit in the statement of profit or loss and other comprehensive income, and the share based payments reserve at 30 June 202 6 in relation to the above instruments issued to Directors of the Group.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 56 - NOTE 18: SHARE BASED PAYMENTS CONTINUED Performance rights issued 3 December 2025 The performance rights are subject to three performance hurdles, each of which is measured at the end of the three-year performance period commencing on 1 July 2025 and ending on 30 June 2028. The performance hurdles are: (i) Three-year Compound Annual Growth Rate (CAGR) for Absolute Shareholder Return (TSR) (weighting 50%); and (ii) Three-year CAGR for Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) (weighting 30%); and (iii) Achievement of “strategic milestones” (weighting 20%). The number of performance rights that vest (if any) is dependent on whether an individual or more than one of the performance hurdles is achieved by the Group at the end of the performance period. The performance hurdles will be assessed independently. Set out below are the relative percentage of total performance rights under each tranche expected to vest depending upon the results of the Groups’ operations: i. 3-year CAGR for TSR For the purposes of calculating TSR, the starting share price is based on the VWAP over the 30 calendar days before the first day of the performance period, and the closing share price is based on the VWAP over the 30 calendar days up to and including the final day of the performance period. ii. 3-year CAGR for EBITDA CAGR over the Vesting Period % of 50% of Performance Rights that will vest Less than 10% CAGR TSR growth Nil Between 10% and <15% CAGR TSR growth 50% (Target), plus a straight-line increase in % award until 15% TSR is achieved. At 15% CAGR TSR growth and above 100% CAGR over the Vesting Period % of 50% of Performance Rights that will vest Below 15% Nil 15% 50% (Target) Between 15% and 25% Straight line pro-rata vesting between 50% and 100% At or greater than 25% 100%

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 57 - NOTE 18: SHARE BASED PAYMENTS CONTINUED iii. 3-year Strategic Milestones Recognises the achievement of Strategic Milestones of the 3-year term of the performance period. Board to determine strategic milestones and outcomes. Any Performance Rights that do not vest following testing of the Performance Hurdles at the conclusion of the Vesting Period will lapse. Executive performance rights The maximum value of executives’ performance rights is $ 71,680 determined with reference to the agreed percentage of each individuals Fixed Annual Remuneration (“FAR”). The number of instruments issued has been determined by dividing the volume weighted average price (“VWAP”) of ordinary Aquarian Limited shares over the 7 trading days preceding the date upon which both the Group and recipients had agreed a mutual understanding to the terms and conditions of their entitlement under the Plan (VWAP of $0.4300). In accordance with Australian Accounting Standards, this amount will be expensed proportionally over the 3 year vesting period, in line with the Group’s best estimate of the number of performance rights that will eventually vest. At 30 June 2026, the Group believe it is more probable than not that at least 50% of tranche of performance rights vest at the end of the 3 year vesting period. Director Performance Rights As approved by shareholders at the Group’s AGM held on 28 October 2025, Mr Gregory Patching (Managing Director) was offered 478,742 performance rights as incentives to motivate and provide him with opportunity to participate in the growth of the Group. These performance rights were issued on 3 December 2025. Consistent with the performance rights offered to executives and outlined above, these instruments were issued across three performance hurdles, each of which is measured at the end of the three-year performance period commencing on 1 July 2025 and ending on 30 June 2028. The performance hurdles are: i. Three-year Compound Annual Growth Rate (CAGR) for Absolute Shareholder Return (TSR) (weighting 50%); and ii. Three-year CAGR for Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) (weighting 30%); and iii. Achievement of “strategic milestones” (weighting 20%).

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 58 - NOTE 18: SHARE BASED PAYMENTS CONTINUED The maximum value of the performance rights offered to Mr Gregory Patching was $214,184 representing 60% of his FAR. The number of instruments issued has been determined by dividing the volume weighted average price (“VWAP”) of ordinary Aquarian Limited shares over the 7 trading days preceding the date upon which both the Group and recipients had agreed a mutual understanding to the terms and conditions of their entitlement under the Plan (VWAP of $0.430). In accordance with Australian Accounting Standards, this amount will be expensed proportionally over the 3 year vesting period, in line with the Group’s best estimate of the number of performance rights that will eventually vest. At 30 June 2026, the Group believe it is more probable than not that at least 50% of tranche of performance rights vest at the end of the 3 year vesting period. A total of $44,657 has been recognised as a share based payment expense in the statement of profit or loss and other comprehensive income, and the share based payments reserve at 30 June 2026 in relation to the above instruments issued to executives of the Group. NOTE 19: SHARE CAPITAL 2026 2025 No of Shares $ No of Shares $ (a) Issued and paid up capital Ordinary shares fully paid 125,828,422 22,564,373 99,984,741 12,608,851 Fully paid ordinary shares carry one vote per share and carry the right to dividends. (b) Movements in shares on issue No of Shares $ Balance as at 30 June 2024 80,673,971 7,894,486 Employee Share Scheme* 25 Oct 2024 80,000 16,000 Share placement 27 Mar 2025 19,230,770 5,000,000 Share issue costs (net of tax) - (301,635) Balance as at 30 June 2025 99,984,741 12,608,851 Share placement 22 Oct 2025 5,200,000 2,340,000 Issued/vested under Employee Share Scheme 31 Oct 2025 750,000 253,500 Issued/vested under Employee Share Scheme 30 Nov 2025 43,681 19,002 Share placement 18 May 2026 19,850,000 7,940,000 Share issue costs (net of tax) - (596,980) Balance as at 30 June 2026 125,828,422 22,564,373 * *These items comprise the total share based payments expense as recognised in the statement of profit or loss and other comprehensive income. (c) Rights of each type of share Ordinary shares participate in dividends and the proceeds on winding up of the parent entity in proportion to the number of shares held. At shareholders meetings each ordinary share gives entitlement to one vote when a poll is called. (d) Capital Management The Group’s objective in managing capital is to safeguard its ability to continue as a going concern and maintain optimal returns to shareholders and benefits for other stakeholders. This is achieved through the monitoring of historical and forecast performance and cash flows.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 59 - NOTE 19: SHARE CAPITAL CONTINUED The Group would look to raise capital to accelerate growth initiatives or acquire value accretive M&A providing it was seen as value -adding relative to the Group’s current share price at the time of the investment. There have been no events of default on the financing arrangements during the financial year. Management effectively manages the Group's capital by assessing the Group's financial risk and adjusting its capital structure in response to these risks and in the market. NOTE 20: INTERESTS IN SUBSIDIARIES Subsidiaries of the group Country of incorporation Ownership interest held by the group 2026 2025 % % TBS Mining Solutions Pty Ltd Australia 100 100 TBS Workforce Pty Ltd Australia 100 100 Modular Training Pty Ltd Australia 100 100 SwiftEquip Solutions Pty Ltd Australia 100 100 Cybem Services Pty Ltd Australia 100 100 Aquirian Technology Pty Ltd Australia 100 100 AQN Property Holdings Pty Ltd Australia 100 100 Western Energetics Pty Ltd Australia 100 100 Wubin Facility Pty Ltd Australia 100 100 Aquirian Operations Pty Ltd Australia 100 - Drillforce WA Pty Ltd Australia 100 - Deed of Cross Guarantee Pursuant to ASIC Corporations (Wholly -owned Companies) Instrument 2016/785, the wholly -owned subsidiaries listed above, are parties to the Deed of Cross Guarantee and are relieved from the Corporations Act 2001 requirements for preparation, audit and lodgement of Financial Reports and Director Reports. All of the subsidiaries of the Group are party to the Deed of Cross Guarantee. Accordingly, the statement of profit or loss and other comprehensive income and the statement of financial position for the entities party to the Deed of Cross Guarantee is the same as the primary statements that form this financial report.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 60 - NOTE 21: CASH FLOW INFORMATION 2026 2025 $ $ (a) Reconciliation of cash flow from operations with profit after income tax Profit/(loss) from ordinary activities after income tax 1,391,470 (2,799,221) Non-Cash Items Amortisation 286,554 290,575 Impairment - 2,206,941 Depreciation 1,547,136 2,101,804 Net gain on disposal of plant and equipment (684,243) 24,476 Share based payments 275,293 241,055 Allowance for credit losses - 33,941 Changes in assets and liabilities (Increase) in receivables (1,796,592) (686,358) (Increase) in other assets (194,429) (860) (Increase) in inventories (22,695) (176,835) Decrease/(increase) in deferred tax assets 573,134 (934,247) (Decrease)/increase in trade and other payables (1,199,673) 663,749 Increase in income tax payable (20,205) - (Decrease) in employee entitlements (203,762) (194,221) Changes in equity Increase in share capital 37,905 - Net cash flow from operating activities (10,107) 1,159,241 (b) Reconciliation of cash Cash at the end of the financial year as shown in the statement of cash flows is reconciled to the related items in the statement of financial position is as follows: Cash at bank 11,328,281 6,590,284 Term deposit 257,370 257,370 Closing cash balance 11,585,651 6,847,654 (c) Reconciliation of liabilities arising from financing activities Bank Loans Lease liabilities $ $ Carrying amount at 1 July 2024 14,011,875 2,063,581 Net cash flows during the year (965,585) (316,706) New lease arrangements - 305,369 Carrying amount at 30 June 2025 13,046,290 2,052,244 Net cash flows during the year 31,186 (336,866) New lease arrangements - 63,060 Carrying amount at 30 June 2026 13,077,476 1,778,438

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 61 - NOTE 22: EARNINGS PER SHARE 2026 2025 $ $ Profit/(Loss) used in calculating basic and diluted earnings per share 1,391,470 (3,411,903) 2026 2025 No of Shares No of Shares Weighted average number of ordinary shares used in calculating basic earnings per share 106,468,914 85,533,385 Adjusted weighted average number of ordinary shares used in calculating diluted earnings per share 106,468,914 85,533,385 Basic earnings/(loss) per share for profit attributable to owners of Aquirian limited 0.013 (0.040) Diluted earnings/(loss) per share for profit attributable to owners of Aquirian limited 0.013 (0.040) NOTE 23: DIRECTOR AND EXECUTIVE COMPENSATION AND RELATED PARTY TRANSACTIONS (a) Individual Directors and Executives compensation disclosures Details of total compensation provided to non -executive Directors, executive Directors and other key management personnel are outlined below: 2026 2025 $ $ Short-term employment benefits 1,460,183 1,105,821 Termination Payments 246,084 91,694 Post-employment benefits 107,166 105,083 Share-based payments 14,260 263,009 Total compensation 1,827,693 1,565,607 Apart from the details disclosed in this Note, no Director has entered into a material contract with the Group since the end of the previous financial year and there were no material contracts involving Directors' interests existing at year-end. During the year ended 30 June 202 6, a number of performance rights were issued or offered to key management personnel. Refer to Note 18: Share Based Payments for further information including disclosure of the relevant recipients. (b) Other transactions with Directors, key management personnel and other related parties During the year ended 30 June 2026, a number of performance rights were issued or offered to key management personnel. Performance rights approved for issue by shareholders of Aquirian Limited at the most recent Annual General Meeting held on 28 October 2025 were issued on the 3 December 2025. Executive Director, Adrian Mason at the request of the Board was engaged to complete the “Full Potential” strategic review during the year. Total costs of the engagement for the year was $107,507. There were no other transactions entered into with Directors, key management personnel or their respective related parties during the year ended 30 June 2026.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 62 - NOTE 24: AUDITOR’S REMUNERATION 2026 2025 $ $ (a) Amounts paid and payable to Pitcher Partners BA&A Pty Ltd for: (i) Audit and other assurance services Audit or review of financial report of the parent entity and any other entity in the Group 57,275 96,338 Total remuneration for audit and other assurance services 57,275 96,338 (ii) Other non-audit services payable to related entities of Pitcher Partners BA&A Pty Ltd - Other matters 6,067 8,250 - Taxation services 18,645 21,910 Total remuneration for non-audit services 24,712 30,160 Total remuneration of Pitcher Partners BA&A Pty Ltd and related entities 81,987 126,498 NOTE 25: PARENT ENTITY INFORMATION 2026 2025 $ $ Summarised presentation of the parent entity, Aquirian Limited, financial statements: (a) Summarised statement of financial position Assets Current assets 24,168,291 14,466,674 Non-current assets 2,109,437 2,308,290 Total assets 26,277,728 16,774,964 Liabilities Current liabilities 2,970,458 1,851,803 Non-current liabilities 2,754,005 1,698,895 Total liabilities 5,724,463 3,550,698 Net assets 20,553,265 13,224,266 Equity Share capital 22,564,373 12,565,306 Share based payments reserve 457,738 641,326 (Accumulated losses)/retained earnings (2,468,846) 17,634 Total equity 20,553,265 13,224,266 (b) Summarised Statement of Profit or Loss and Other Comprehensive Income (Loss)/profit for the year (1,280,694) 34,825 Total comprehensive (loss)/income for the year (1,280,694) 34,825 (c) Parent entity guarantees Aquirian Limited has provided a general security guarantee to National Australia Bank in relation to the group's borrowings. Refer to Note 16 for further information. (d) Investments in subsidiaries Investments in subsidiaries are accounted for at cost in the financial statements on the parent entity.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 63 - NOTE 26: SEGMENT INFORMATION (a) Description of segments The Group’s managing director has identified the following reportable segments: Mining Services: providing consumable products, blasting products and lease equipment, equipment repairs, maintenance and reconditioning services, engineering services and onsite field services, as well as manufacturing innovative storage solutions for explosive materials and dangerous goods. The Group identifies one performance obligation in its contractual arrangement with customers for such activities. People Services Division: Nationwide personnel on permanent, casual or contract basis, and the training of individuals within the drill & blast focussed industry. These operating segments have been identified based on internal reports reviewed by the Group’s chief executive officer in order to allocate resources to the segment and assess its performance. (b) Segment information The Group’s managing director uses segment revenue, segment result, segment assets and segment liabilities to assess each operating segment’s financial performance and position. Amounts reported for each operating segment are the same amount reported in the internal reports to the chief executive officer. Amounts of segment information are measured in the same way in the financial statements. They include items directly attributable to the segment and those that can reasonably be allocated to the segment based on the operations of the segment. Inter-segment revenue is determined on an arm’s length basis. Segment information is reconciled to financial statements and underlying profit disclosure notes if provided elsewhere where these amounts differ. 2026 Mining Services People Services Corporate/ Unallocated Total $ $ $ $ Segment revenue Total segment revenue 20,677,891 11,287,195 61,220 32,026,306 Segment revenue from external source 20,677,891 11,287,195 61,220 32,026,306 Segment result Total segment result 2,003,916 742,286 (1,354,732) 1,391,470 Intersegment eliminations 2,893,575 555,917 (3,449,492) - Total profit/(loss) after income tax 4,897,491 1,298,203 (4,804,224) 1,391,470 Items included within the segment result: Interest income - - 17,934 17,934 Interest expense 637,342 - 122,268 759,610 Depreciation and amortisation expense 1,490,906 - 342,784 1,833,690 Income tax expense - - 685,763 685,763

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AQUIRIAN LIMITED ABN: 23 634 457 506 - 64 - NOTE 26: SEGMENT INFORMATION CONTINUED 2025 Mining Services People Services Corporate/ Unallocated Total $ $ $ $ Segment revenue Total segment revenue Segment revenue from external source 17,571,347 Segment result Total segment result Intersegment eliminations Total profit/(loss) after income tax (114,031) Items included within the segment result: Interest income Interest expense Depreciation and amortisation expense 2,059,708 Goodwill impairment 764,645 - - 764,645 Equipment impairment 1,206,489 Income tax expense 2026 Mining Services People Services Corporate/ Unallocated Total $ $ $ $ Segment assets 48,384,995 Intersegment eliminations Total Segment assets Segment liabilities Intersegment eliminations Total Segment liabilities 2025 Mining Services People Services Corporate/ Unallocated Total $ $ $ $ Segment assets 43,534,192 Noncurrent assets Intersegment eliminations Total Segment assets Segment liabilities Intersegment eliminations Total Segment liabilities AND CONTROLLED ENTITIES 17,571,347 8,442,319 59,569 26,073,235 8,442,319 59,569 26,073,235 (2,959,862) 166,326 (5,685) (2,799,221) 2,845,831 466,037 (3,311,868) - 632,363 (3,317,553) (2,799,221) - - 17,746 17,746 756,928 - 135,924 892,852 - 332,671 2,392,379 1,206,489 - - (857,096) (857,096) 6,148,324 26,229,311 80,762,630 (10,348,382) (4,808,238) (20,784,726) (35,941,346) 38,036,613 1,340,086 5,444,585 44,821,284 46,296,955 4,416,655 5,906,678 56,620,288 (30,527,164) (3,427,932) (1,986,250) (35,941,346) 15,769,791 988,723 3,920,428 20,678,942 4,753,547 16,681,802 64,969,541 held for sale 195,000 - - 195,000 (14,227,177) (3,363,535) (13,106,560) (30,697,272) 29,502,015 1,390,012 3,575,242 34,467,269 44,416,003 3,722,585 3,625,257 51,763,845 (27,438,029) (2,549,678) (709,565) (30,697,272) 16,977,974 1,172,907 2,915,692 21,066,573

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 65 - NOTE 27: RELATED PARTY TRANSACTIONS All inter-company loans and receivables are eliminated on consolidation and are interest free, with no set repayment terms. NOTE 28: CONTINGENT LIABILITIES AND CONTINGENT ASSETS No matters or circumstances of the Group’s operations has formed a contingent liability or contingent asset. NOTE 29: COMMITTMENTS The group has committed to purchasing the following items; • Mobile fleet associated with Western Energetics of $1.0 million. • Drill rig associated with TBS Mining Solutions of $1.3 million. NOTE 30: EVENTS SUBSEQUENT TO REPORTING DATE No other matters or circumstances have arisen since 30 June 2026 that has materially affected, or may materially affect the Group's operations, the results of those operations, or its state of affairs in future financial years.

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 66 - CONSOLIDATED ENTITY DISCLOSURE STATEMENT AS AT 30 JUNE 2026 Aquirian Limited is required by Australian Accounting Standards to prepare consolidated financial statements in relation to the company and its controlled entities (the consolidated entity). In accordance with subsection 295(3A) of the Corporations Act 2001 , this consolidated entity disclosure statement provides information about each entity that was part of the consolidated entity at the end of the financial year. Name of entity Type of entity Place formed or incorporated Percentage of share capital held (if applicable) Australian tax resident or foreign tax resident Foreign tax jurisdiction (if applicable) Aquirian Limited Body corporate Australia n/a Australian n/a TBS Mining Solutions Pty Ltd Body corporate Australia 100% Australian n/a TBS Workforce PTY Ltd Body corporate Australia 100% Australian n/a Modular Training Pty Ltd Body corporate Australia 100% Australian n/a SwiftEquip Solutions Pty Ltd Body corporate Australia 100% Australian n/a Cybem Services Pty Ltd Body corporate Australia 100% Australian n/a Aquirian Technology Pty Ltd Body corporate Australia 100% Australian n/a AQN Property Holdings Pty Ltd Body corporate Australia 100% Australian n/a Western Energetics Pty Ltd Body corporate Australia 100% Australian n/a Wubin Facility Pty Ltd Body corporate Australia 100% Australian n/a Aquirian Operations Pty Ltd Body corporate Australia 100% Australian n/a Drillforce WA Pty Ltd Body corporate Australia 100% Australian n/a

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AQUIRIAN LIMITED AND CONTROLLED ENTITIES ABN: 23 634 457 506 - 67 - DIRECTORS DECLARATION The Directors declare that: 1. In the Directors’ opinion, the consolidated financial statements and notes thereto, as set out on pages 25 to 65, are in accordance with the Corporations Act 2001, including: (a) complying with Australian Accounting Standards and the Corporations Regulations 2001; (b) as stated in Note 1, the consolidated financial statements also comply with International Financial Reporting Standards; and (c) giving a true and fair view of the consolidated financial position of the Group as at 30 June 2026 and of its performance for the year ended on that date. 2. In the directors’ opinion, the consolidated entity disclosure statement required by subsection 295(3A) of the Corporations Act 2001 is true and correct. 3. In the directors’ opinion there are reasonable grounds, at the date of this declaration, to believe that the Group will be able to pay its debts as and when they become due and payable. At the date of this declaration, Aquirian Limited and certain wholly -owned subsidiaries (collectively referred to as “the closed group”) are parties to a deed of cross guarantee pursuant to ASIC Corporations (Wholly-owned Companies) Instrument 2016/785. Under the deed of cross guarantee, each entity (in the closed group) guarant ees to each creditor (of any entity in the closed group) payment in full of any debt. In the directors’ opinion there are reasonable grounds, at the date of this declaration, to believe that Aquirian Limited and the other parties to the deed of cross guarantee (as disclosed in Note 19 to the consolidated financial statements) will, as a group, be able to meet any liabilities to which they are, or may become, subject because of the deed of cross guarantee. This declaration has been made after receiving the declarations required to be made by the chief executive officer and chief financial officer to the directors in accordance with section 295A of the Corporations Act 2001 for the financial year ending 30 June 2026. This declaration is made in accordance with a resolution of the Board of Directors and is signed for and on behalf of the Directors by: Greg Patching Bruce McFadzean Managing Director Chairperson Perth Perth Date 26 August 2026 Date 26 August 2026

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AQUIRIAN LIMITED ABN 23 634 457 506 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF AQUIRIAN LIMITED Report on the Audit of the Financial Report Opinion We have audited the financial report of Aquirian Limited (the “Company”) and its controlled entities (the “Group”), which comprises the consolidated statement of financial position as at 30 June 2026, the consolidated statement of profit or loss and comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and notes to the financial statements including material accounting policy information, the consolidated entity disclosure statement, and the directors’ declaration. In our opinion, the accompanying financial report of the Group is in accordance with the Corporations Act 2001, including: complying with Australian Accounting Standards and the Corporations Regulations 2001. giving a true and fair view of the Group’s financial position as at 30 June 2026 and o f its financial performance for the year then ended; and (a) (b) Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of APES 110 Code of Ethics for Professional Accountants (including Independence Standards) issued by the Accounting Professional and Ethical Standards Board (“the Code”) that are relevant to audits of the financial report of public interest entities in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Key Audit Matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. 68 Adelaide | Brisbane | Melbourne | Newcastle | Perth | Sydney Pitcher Partners BA&A Pty Ltd An independent Western Australian Company ABN 76 601 361 095. Level 11, 12-14 The Esplanade, Perth WA 6000 Registered Audit Company Number 467435. Liability limited by a scheme under Professional Standards Legislation. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. pitcher.com.au .

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AQUIRIAN LIMITED ABN 23 634 457 506 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF AQUIRIAN LIMITED Key Audit Matter How our audit addressed the key audit matter Revenue recognition Refer to Note 1(n) and Note 4 of the Financial Report For the year ended 30 June 2026, the Group had revenue of $31,309,352 from contracts with customers relating to its mining and people services divisions. Our procedures included, amongst others: Understanding and evaluating the design and implementation of the relevant controls associated with the recognition of revenue, including, but not limited to, those relating to identification of performance obligations and when they are satisfied. The determination of revenue recognition requires Management judgements in accounting for revenue, in accordance with the Group’s identified performance obligations as part of the transaction, as required under AASB 15 Revenue from contracts with customers (“AASB 15”). Testing the operating effectiveness of relevant controls around revenue, contract fulfillment costs, such as the review and approval of progress claims and invoices by customers. Considering the appropriateness of the Group’s revenue recognition accounting policies including those relating to identifying performance obligations, determining the transaction price and allocating the transaction price to the performance obligations in contracts. For each revenue stream, testing a sample of invoices and transactions which took place during the year, assessing the revenue recognition and timing of when the Group satisfies performance obligations associated with the transaction in accordance with AASB 15. Considering the adequacy of the disclosures included within the financial report. 69

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AQUIRIAN LIMITED ABN 23 634 457 506 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF AQUIRIAN LIMITED Key Audit Matter How our audit addressed the key audit matter Carrying value of non-current assets Refer to Note 12, Note 13 and Note 14 to the financial report. Our procedures included, amongst others: Included in the consolidated statement of financial position as at 30 June 2026 is an amount of $25,532,359 relating to non- current assets. This amount represents 57% of total assets. $4,646,728 of this amount relates to intangible assets. The recognition and carrying amount of development costs involve Management judgement which includes but is not limited to: Understanding and evaluating the design and implementation of the processes and controls associated with the assessment of the Group’s capitalising development costs for intangible assets. Assessing the Group’s accounting policies for capitalised development costs for intangible assets against the requirements of Australian Accounting Standards.   expected useful lives expenditure expected to generate probable future economic benefits; and adequate resources available to complete development, development activities are feasible, intention to complete and use or sell the asset,  Evaluating managements determination of the point at which development costs for intangible assets are capitalised.   Assessing Management’s determination of the Group’s CGUs based on our understanding of the nature of the Group’s business and the economic environment. AASB 136 Impairment of Assets (“AASB 136”) requires an entity to test non-current assets where there are indicators of impairment for impairment annually. The evaluation of the recoverable amount of the Group’s non-current assets requires signiﬁcant judgement by Management in determining the key assumptions and estimates, including but not limited to:  g rowth rate assumptions; and  d iscount factors supporting the expected future cash ﬂows of the business and the utilisation of the relevant assets. Due to the significance to the Group’s financial report and the level of Management judgment involved in assessing the carrying amount of the Group’s non-current assets, we consider this to be a key audit matter. containing only plant and equipment assets. Evaluating and assessing the Management’s assessment for impairment indicators associated with the Group CGU’s Assessing the adequacy of the disclosures included within the financial report. 70

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AQUIRIAN LIMITED ABN 23 634 457 506 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF AQUIRIAN LIMITED Other Information The directors are responsible for the other information. The other information comprises the information included in the Group’s annual report for the year ended 30 June 2026, but does not include the financial report and our auditor’s report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of the Directors for the Financial Report The directors of the Company are responsible for the preparation of: a) the consolidated entity disclosure statement that is true and correct in accordance with the Corporations Act 2001; and the financial report (other than the consolidated entity disclosure statement) that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001; and b) for such internal control as the directors determine is necessary to enable the preparation of: (i) the financial report (other than the consolidated entity disclosure statement) that gives a true and fair view and is free from material misstatement, whether due to fraud or error; and (ii) the consolidated entity disclosure statement that is true and correct and is free of misstatement, whether due to fraud or error. In preparing the financial report, the directors are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. 71

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AQUIRIAN LIMITED ABN 23 634 457 506 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF AQUIRIAN LIMITED As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the financial report. We are responsible for the direction, supervision and performance of the Group audit. We remain solely responsible for our audit opinion. Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation. Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control. Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • • • • • We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with the directors, we determine those matters that were of most significance in the audit of the financial report of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. 72

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AQUIRIAN LIMITED ABN 23 634 457 506 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF AQUIRIAN LIMITED Report on the Remuneration Report Opinion on the Remuneration Report We have audited the Remuneration Report included in pages 13 to 23 of the directors’ report for the year ended 30 June 2026. In our opinion, the Remuneration Report of Aquirian Limited, for the year ended 30 June 2026, complies with section 300A of the Corporations Act 2001. Responsibilities The directors of the Group are responsible for the preparation and presentation of the Remuneration Report in accordance with section 300A of the Corporations Act 2001. Our responsibility is to express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian Auditing Standards. PITCHER PARTNERS BA&A PTY LTD Executive Director Perth, 26 August 2026 MARIUS VAN DER MERWE 73

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- 74 - ADDITIONAL SHAREHOLDER INFORMATION HOLDINGS AS AT 26 August 2026 The distribution of members and their holdings of equity securities in the Company as at 26 August 2026 were as follows: Fully Paid Ordinary Shares (AQN) Number of Shares Held No. of Holders Total Shares % 1-1,000 18 2,839 0.00% 1,001 - 5,000 169 476,698 0.38% 5,001 – 10,000 90 745,897 0.59% 10,001 - 100,000 354 13,695,495 10.88% 100,001 and over 146 111,007,493 88.15% Total 777 125,928,422 100.00 % Holders of less than a marketable parcel: 20 with a total of 5,098 shares. 20 LARGEST SHAREHOLDERS AS AT 26 AUGUST 2026 Fully Paid Ordinary Shares No. (%) 1 SALLY PATCHING & GREG PATCHING AND CONTROLLED ENTITIES 19,467,468 15.46 2 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 8,430,662 6.69 3 CITICORP NOMINEES PTY LIMITED 7,922,970 6.29 4 TOPAZ HOLDINGS PTY LTD 6,600,000 5.24 5 MS NATALIE JUNE LAWSON <LAWSON FAMILY A/C> 6,200,000 4.92 6 TOPGROUP (CORP) PTY LTD 5,200,000 4.13 7 DAVID KELLY AND CONTROLLED ENTITIES 4,115,299 3.27 8 BNP PARIBAS NOMINEES PTY LTD <HUB24 CUSTODIAL SERV LTD> 3,301,963 2.62 9 CERTANE CT PTY LTD <GLENMORE AUS EQ FUND> 3,157,451 2.51 10 FIRST SAMUEL LTD ACN 086243567 <ANF ITS MDA CLIENTS A/C> 2,803,155 2.23 11 BRUCE NOMINEES PTY LTD <BRUCE FAMILY A/C> 2,600,000 2.06 12 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 2,065,042 1.64 13 ANDREW COX 1,830,000 1.45 14 CORNUCOPIA ASSETS PTY LTD <CORNUCOPIA SUPER FUND A/C> 1,671,840 1.33 15 NEWPORT PRIVATE WEALTH P/L <SENECA SMALL COMPANIES A/C> 1,625,860 1.29 16 ZANE LEWIS 1,348,385 1.07 17 MARK HUNTER & ASSOCIATES 1,082,964 0.86 18 BRUCE MCFADZEAN AND CONTROLLED ENTITIES 1,067,268 0.85 19 MS KERRY ANNE JENSEN 1,020,000 0.81 20 CERTANE CT PTY LTD <HAYBOROUGH OPP FUND> 1,000,000 0.79 82,510,327 65.52 Substantial Shareholders The names of the substantial shareholders listed in the Company’s register as at 26 August 2026: Fully Paid Ordinary Shares No. (%) SALLY PATCHING & GREG PATCHING AND CONTROLLED ENTITIES 19,467,468 15.46 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 8,430,662 6.69 CITICORP NOMINEES PTY LIMITED 7,922,970 6.29 TOPAZ HOLDINGS PTY LTD 6,600,000 5.24

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- 75 - Unquoted Equity Securities The Company had on issue as at 26 August 2026 the following unquoted equity securities: AQNAD – Option exercisable at $0.35 expiring 27 February 2027 Number of Options Held No. of Holders Total Options % 1-1,000 - - - 1,001 - 5,000 - - - 5,001 – 10,000 - - - 10,001 - 100,000 - - - 100,001 and over 1 500,000 100 Total 1 500,000 100 AQNAE – Option exercisable at $0.45 expiring 27 February 2028 Number of Options Held No. of Holders Total Options % 1-1,000 - - - 1,001 - 5,000 - - - 5,001 – 10,000 - - - 10,001 - 100,000 - - - 100,001 and over 1 500,000 100 Total 1 500,000 100 AQNAF – Option exercisable at $0.49 expiring 31 May 2028 Number of Options Held No. of Holders Total Options % 1-1,000 - - - 1,001 - 5,000 - - - 5,001 – 10,000 - - - 10,001 - 100,000 - - - 100,001 and over 1 500,000 100 Total 1 500,000 100 AQNAG – Option exercisable at $0.59 expiring 31 May 2029 Number of Options Held No. of Holders Total Options % 1-1,000 - - - 1,001 - 5,000 - - - 5,001 – 10,000 - - - 10,001 - 100,000 - - - 100,001 and over 1 500,000 100 Total 1 500,000 100 AQNAC – Performance Rights Number of PR Held No. of Holders Total PRs % 1-1,000 - - - 1,001 - 5,000 - - - 5,001 – 10,000 - - - 10,001 - 100,000 - - - 100,001 and over 5 5,656,977 100 Total 5 5,656,977 100 Voting Rights Ordinary Shares In accordance with the Company's Constitution, on a show of hands every member present in person or by proxy or attorney or duly authorised representative has one vote. On a poll every member present in person or by proxy or attorney or duly authorised rep resentative has one vote for every fully paid ordinary share held.

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- 76 - Options There are no voting rights attached to Options. Restricted Securities The Company has no mandatory restricted securities as at 26 August 2026. Consistency with business objectives - ASX Listing Rule 4.10.19 During the financial year, Aquirian Limited confirms that it has used its cash and assets (in a form readily convertible to cash) in a manner which is consistent with the Company’s business objectives. Company Secretary The name of the Company Secretary is Leonard Math. Address and telephone details of the entity’s registered and administrative office Level 5, 190 St. Georges Terrace PERTH, WA, AUSTRALIA, 6000 Telephone: +61 8 6370 5400 Address and telephone details of the office at which a register of securities is kept AUTOMIC REGISTRY SERVICES LEVEL 5, 191 St Georges Terrace PERTH, WA, AUSTRALIA, 6000 Telephone: +61 8 9324 2099 Securities exchange on which the Company’s securities are quoted The Company’s listed equity securities are quoted on the Australian Securities Exchange. Review of Operations A review of operations is contained in the Directors’ Report.

Annual financial statement