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Q1 FY27 Quarterly Activities Report & Appendix 4C 28 OCTOBER 2026
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IMPORTANT NOTICE & DISCLAIMER Acceptance This presentation has been prepared by betr Entertainment Limited (ACN 647 124 641) (betr). By accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms set out in this Important Notice and Disclaimer. Summary of information This presentation has been provided to you solely to convey information about betr and its related entities, and their activities, for the quarterly period ended 30 September 2026. The information in this presentation is general in nature and does not purport to be complete, nor does it contain all the information which a prospective investor may require in evaluating a possible investment in betr. It has been prepared by betr with due care, but other than as required by law, no representation or warranty, express or implied, is provided in relation to the accuracy, fairness or completeness of the information. Statements in this presentation are made only as of the date of this presentation, unless otherwise stated, and the information in this presentation remains subject to change without notice. None of betr, its representatives or advisers is responsible for updating, or undertakes to update, this presentation. Items depicted in photographs and diagrams are not assets of betr, unless stated. This presentation should be read in conjunction with betr’s Results Announcement for the quarterly period ended 30 September 2026, as well as other periodic and continuous disclosure information lodged with the ASX, which are available at www.asx.com.au and the betr Investor Centre accessible via corporate.betr.com.au. Industry data Certain market and industry data cited or used in the preparation of this presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. None of betr, its representatives or advisers have independently verified any such market or industry data provided by third parties or industry or general publications, nor have those third parties or industry or general publications authorised or approved the publication of this presentation. Not financial product advice or offer This presentation is for information purposes only and is not a prospectus, product disclosure statement, pathfinder document for the purposes of section 734(9) of the Corporations Act or other disclosure document under Australian law or the law of any other jurisdiction. It is not, and should not be considered as, an offer, invitation, solicitation, advice or recommendation to buy or sell or to refrain from buying or selling any securities or other investment product or to enter into any other transaction in any jurisdiction. It has been prepared without accounting for any person’s individual objectives, financial or tax situation or any particular needs. Readers should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs, make their own enquiries and investigations regarding all information in this presentation including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of betr and the impact that different future outcomes may have on betr, and seek legal and taxation advice appropriate for their jurisdiction. Financial data Investors should note that this presentation contains historical financial information. The historical information, provided in this presentation is for illustrative purposes only and is not represented as being indicative of betr’s views on its future financial condition and/or performance. Investors should be aware that certain financial measures included in this presentation are ‘non-IFRS financial information’ under ASIC Regulatory Guide 230: ‘Disclosing non- IFRS financial information’ and are not recognised under Australian Accounting Standards (AAS) and International Financial Reporting Standards (IFRS). The non-IFRS financial information/non-GAAP financial measures include EBITDA, net debt and others. Such non-IFRS financial information/ non-GAAP financial measures do not have a standardised meaning prescribed by AAS or IFRS. Therefore, the non IFRS financial information may not be comparable to similarly titled measures presented by other entities and should not be construed as an alternative to other financial measures determined in accordance with AAS or IFRS. Although betr believes these non-IFRS financial measures provide useful information to investors in measuring the financial performance and condition of its business, investors are cautioned not to place undue reliance on any non-IFRS financial information/non-GAAP financial measures included in this presentation. The non-IFRS financial information in this presentation has not been audited or reviewed in accordance with AAS. All currency figures in this presentation are in Australian dollars ($ or A$) unless stated otherwise. Effect of rounding A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation. 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Forward-Looking Statements can be identified by the use of terminology, including, without limitation, the terms ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘projects’, ‘predicts’, ‘intends’, ‘plans’, ‘propose’, ‘goals’, ‘targets’, ‘aims’, ‘outlook’, ‘guidance’, ‘forecasts’, ‘may’, ‘will’, ‘would’, ‘could’ or ‘should’ or, in each case, their negative or other variations or comparable terminology. Forward- Looking Statements reflect expectations as at the date of this presentation. However, they are not guarantees or predictions of future performance or events or statements of fact. They involve known and unknown risks, uncertainties and other factors, many of which are beyond betr’s control, and which may cause actual results to differ materially from anticipated results, performance or achievements expressed or implied by the Forward-Looking Statements contained in this presentation. Other than as required by law, although they believe there is a reasonable basis for the Forward-Looking Statements, neither betr nor any other person (including any director, officer or employee of betr or any related body corporate) gives any representation, assurance or guarantee (express or implied) as to the accuracy or completeness of each Forward-Looking Statement or that the occurrence of any event, results, performance or achievement will actually occur. Except as required by applicable laws or regulations, betr does not undertake to publicly update or review any Forward-Looking Statements, whether as a result of new information or future events. Past performance cannot be relied on as a guide to future performance. No representations or warranties No representation or warranty, expressed or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of betr and its related bodies corporate, or their respective directors, employees or agents, nor any other person accepts liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability from fault or negligence. Authorisation This presentation has been authorised for lodgement to the ASX by the betr Board of Directors. 1
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STRONG MOMENTUM BUILDING INTO SPRING Customer-friendly results in Q1 lowered Gross Win margin by ~1.8pp, accelerating cash outflow in the traditional investing quarter. MARGIN VARIABILITY Revolutionary in-play SGM and racing product shows strong early engagement and positive customer economics. PRODUCT -LED ENGAGEMENT Material turnover share gains1 with 19.1% turnover growth vs PCP and increased desirable customer activity FAST START TO FY27 Sustained double-digit Net Win and Turnover growth FYTD provide strong opportunity during peak wagering period. RECORD SPRING MOMENTUM 1. Management estimates based upon data from racing and sporting bodies 2. Normalised EBITDA excludes one-off costs and share based payments. Assumes historical Net Win margins (above 10%) and no material regulatory, taxation or cost of sales changes. 3. Operating cash flow phasing is expected to broadly mirror normalised EBITDA, weighted to H2 FY27 guidance reaffirmed of $13-19m normalised EBITDA2 and operating cash flow positivity3 in FY27. GUIDANCE REAFFIRMED 2
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3 BUSINESS UPDATE
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FAST START TO FY27 MOMENTUM • Strong turnover growth carried in from Q4, and first-time depositors up 32% vs PCP QUALITY • Customers betting more often and on higher-contribution bet types OPPORTUNITY • October to date: strong turnover growth, outsized conversion to Net Win and continued promotional efficiency +19% Overall T urnover Q1 FY27 vs PCP +7% Same Game Multi Penetration Q1 FY27 vs PCP +25% Same Race Multi Penetration Q1 FY27 vs PCP 4
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CUSTOMER-FAVOURABLE Q1 RESUL TS CUSTOMER-FRIENDL Y RESUL TS IN Q1 • Customer-friendly results: margin softness on marquee sport and racing results decreased Gross Win margin by ~1.8pp in Q1 • COGS tied to turnover: drove accelerated cash outflow, already partially offset by improved margin in Q2 • Continued promo efficiency: with Q1 generosity costs of 3.5% of turnover (-0.3pp vs PCP) MARGIN RECOVERED, MOMENTUM MAINTAINED -1.9pts +2.7pts Q1 FY27 Q2 to date • Strong gross win margin: early results (which include NRL Grand Final and Everest) materially improved vs Q1 and PCP • Well positioned for peak season: Wildcards live across racing and sport heading into the Spring Racing Carnival, US and summer sport Gross Win Margin vs PCP -$4.2MCASH IMPACT +$2.3MCASH IMPACT in Q2 trading to date1,2in Q11 Results impact1 on Gross Win Margin -1.3pts -0.5pts Sport: World Cup led, SGM on AFL/NRL Finals Racing: Favs winning ~4% higher vs expectation 1. Management estimate 2. Unaudited trading results for the period to and including Monday 26 October 2026. 5
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WILDCARDS STRENGTHENS OUR PRODUCT ADVANTAGE EARL Y PERFORMANCE INDICATIONS1 75% of all SGM actives take up Wildcards 37% reduction in promotional costs +$6.5 average increase in SGM odds taken +2 increase in average SGM legs Case Study: AFL bets since Wildcard launch 1. AFL SGM bets, Wildcards since launch vs. non-Wildcards promo SGMs during 2026 season. 6
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COMPLIANT REFORM READY Strong existing control environment Well prepared for changes commencing 1 January 2027 COMPETITIVE Minimal reliance on advertising channels facing new restrictions Targeted, experience- led model designed for future regulatory environment COMMERCIAL Reforms not expected to materially impact betr's trading FY27 guidance unchanged since reforms announced 7
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KEY TRADING METRICS – Q1 FY27 Q1 FY27Q1 FY27 Q1 FY26Q1 FY26 ChangeChange TurnoverTurnover $432.3m$432.3m $363.0m$363.0m 19.1%19.1% Gross Win Margin %Gross Win Margin % 12.4%12.4% 14.3%14.3% -1.9pp-1.9pp Gross WinGross Win $53.5m$53.5m $51.8m$51.8m 3.2%3.2% Net Win Margin %Net Win Margin % 8.9%8.9% 10.5%10.5% -1.6pp-1.6pp Net WinNet Win $38.4m$38.4m $38.0m$38.0m 1.0%1.0% • 150,729 Active Customers1 with ongoing improvements to customer quality, SGM propensity and promotional efficiency • Growth in Net Win overcoming customer-friendly wagering results in Q1 due to increased turnover and heightened efficiency vs PCP • Record momentum into spring with sustained share gains, margin rebound and a broadened product offering ahead of peak wagering period 1. Customers that have placed a cash bet in the 12 months to 30 September 2026 2. Unaudited trading results for the period to and including Monday 26 October 2026. Changes vs PCP are calculated using unrounded figures. FY27 TDFY27 TD22 PCPPCP ChangeChange $568.5m$568.5m $490.3m$490.3m 15.9%15.9% 13.1%13.1% 13.9%13.9% -0.8pp-0.8pp $74.4m$74.4m $68.0m$68.0m 9.4%9.4% 9.5%9.5% 9.6%9.6% -0.1pp-0.1pp $54.1m$54.1m $47.1m$47.1m 14.9%14.9% 8
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CONFIDENCE IN FULL-YEAR CASH FLOW 1. Includes client balances of $11.0m at 1 July and $11.1m at 30 September. 2. Operating cash flow phasing is expected to broadly mirror normalised EBITDA, weighted to H2 3. Management estimate based on unaudited trading results for the period to and including Monday 26 October 2026. Opening 1 July1 H2 IS MEANINGFULLY GENERATIVE • At forecast turnover and margin, operating and total cash expected to turn positive in Q3 and build throughout Q4 • Overall FY27 operating cash flow is expected to be positive, in line with guidance TRADING WAS THE WHOLE VARIANCE IN Q1 • Customer-friendly results drove the Q1 cash shortfall vs internal forecast. Marketing, capex and cost base landed net on plan. • More than half of the results impact has already reversed in October trading to date Investing incl. Wildcards Operating anticipated Results impact3 Subsequent trading Operating results impact Closing 30 Sep1 27.8 (2.4) (2.6) (4.2) 18.5 2.3 Q1 FY27 Cash Movement ($m) POSITIVE OPERATING CASH FLOW2 ANTICIPATED FOR FY27, NO REQUIREMENT FOR ADDITIONAL EQUITY CAPITAL 9
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SUMMARY OF QUARTERL Y CASH FLOWS COMMENTARY • Closing cash balance at 30 September 2026 was $18.5m, inclusive of $11.1m of client balances. • Strong customer activity, with turnover of $432.3m for the quarter, up 19.1% on Q1 FY26. • Net cash from operating activities was negative $6.8m, reflecting front-weighted H1 marketing investment and a challenging period of racing and sport results. Strong turnover converted to net win at a lower margin, while turnover-linked costs rose in line with activity, compressing gross profit. • Payments to suppliers and employees of $43.9m include $5.3m of marketing, and higher admin & corporate costs reflecting seasonal outflows. The underlying cost base reflects the FY26 cost actions. • Payments for businesses and investments of $0.3m relate to transaction costs on strategic initiatives during the period (Q4: $0.8m). • Payments for intangibles of $2.1m represent capitalised platform development expenditure, including development of the market first Wildcards product, launched on both sport & racing. • There were no financing cash flows in the quarter (Q4: net outflow of $0.4m, primarily the on-market share buy-back). • With marketing investment front-loaded into H1 and a strong October to date, the business enters its peak trading period with $7.4m of available cash, and a lower cost outflow expectation into Q2 and H2. Operating cash flows are expected to return to positive in H2 at forecast turnover & margin. $000's Q1 FY27 Cash flows from operating activities Receipts from customers (Client deposits) 160,564.0 Payments to customers (Client withdrawals) -122,558.6 Payments to suppliers and employees (inclusive of GST) -43,856.5 Interest received 57.1 Interest and other finance costs paid -1,040.8 Income taxes refunded / (paid) - Net cash generated from operating activities -6,834.8 Cash flows from investing activities Payments for businesses & investments -286.8 Payments for property, plant and equipment -8.5 Payments for intangibles -2,094.7 Net cash used in investing activities -2,390.0 Cash flows from financing activities Buy-back of securities - Transaction Costs - Repayment of borrowings - Net cash used in financing activities - Net increase / (decrease) in cash and cash equivalents -9,224.8 Cash and cash equivalents at the beginning of the quarter 27 ,759.9 Effects of exchange rate changes on cash and cash equivalents - Cash and cash equivalents at the end of the quarter 18,535.2 10
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11 OUTLOOK
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OCTOBER TRADING SUPPORTS FY27 OUTLOOK +7% T urnover October to date vs PCP >11% Net Win Margin October to date -30% Promo Costs2 October to date vs PCP SUSTAINED SHARE GAINS MARGIN ABOVE TARGET DISCIPLINED EXECUTION Q2 FY27 TDQ2 FY27 TD11 PCPPCP ChangeChange $136.2m$136.2m $127.3m$127.3m 6.9%6.9% 15.4%15.4% 12.7%12.7% +2.7pp+2.7pp $21.0m$21.0m $16.2m$16.2m 29.4%29.4% 11.5%11.5% 7.1%7.1% +4.4pp+4.4pp $15.7m$15.7m $9.1m$9.1m 73.3%73.3% TurnoverTurnover Gross Win Margin %Gross Win Margin % Gross WinGross Win Net Win Margin %Net Win Margin % Net WinNet Win 1. Unaudited trading results for the period to and including Monday 26 October 2026. Changes vs PCP are calculated using unrounded figures. 2. Promotional costs as a % of turnover. 12
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FY27 PRIORITIES BOLD, INNOVA TIVE PRODUCT ENERGISE THE BASE TURN OPTIONALITY INTO UPSIDE BETTER MIX, BETTER MARGIN TURN DATA INTO VALUE REAFFIRMED GUIDANCE OF NORMALISED EBITDA1 OF $13-19m AND POSITIVE OPERATING CASH FLOW2 IN FY27 1. Normalised EBITDA excludes one-off costs and share based payments. Assumes historical Net Win margins (above 10%) and no material regulatory, taxation or cost of sales changes. 2. Operating cash flow phasing is expected to broadly mirror normalised EBITDA, weighted to H2 First-to-Market SGM and Racing products will target profitable share gains over Footy Finals and Spring Racing RACING WILDCARDS EXPANDED TO NBA/NBL Product and Experience to continue to drive valuable customers towards higher- contribution products TOTE CHANGES SGM/SRM PENETRATION Leverage data/AI investment to optimise generosity costs and enhance customer monetisation DECREASED GENEROSITY COST YOY Aggression through Finals and Spring to activate our acquired customer advantage and win share of wallet at attractive cost DISCIPLINED ACQUISITION AND REACTIVATION Deploy capital selectively across organic growth, strategic investments and M&A where returns are strongest ALWAYS-ON FOCUS 13
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14 APPENDIX
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RELATED PARTY TRANSACTIONS Payments of $0.35m for Salaries and Wages (inclusive of superannuation and applicable taxes withheld) of Executive and Non-Executive Director Fees on normal commercial terms 15
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Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 1 + See chapter 19 of the ASX Listing Rules for defined terms. Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B Name of entity Betr Entertainment Limited ABN Quarter ended (“current quarter”) 19 647 124 641 30 September 2026 Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 1. Cash flows from operating activities 160,564.0 160,564.0 1.1 Receipts from customers1 1.2 Payments for (a) research and development (b) product manufacturing and operating costs2 (23,001.6) (23,001.6) (c) advertising and marketing (5,250.5) (5,250.5) (d) leased assets3 (257.7) (257.7) (e) staff costs (5,395.3) (5,395.3) (f) administration and corporate costs4 (9,951.4) (9,951.4) 1.3 Dividends received (see note 3) 1.4 Interest received 57.1 57.1 1.5 Interest and other costs of finance paid5 (1,040.8) (1,040.8) 1.6 Income taxes paid 1.7 Government grants and tax incentives 1.8 Other – Payments to customers6 (122,558.6) (122,558.6) 1.9 Net cash from / (used in) operating activities (6,834.8) (6,834.8) 1 Reflects customer deposits during the period. 2 Reflects Cost of Sales. 3 Represents repayments of lease liabilities per AASB 16 “Leases” accounting standard.. 4 Includes GST collected & paid relating to Australian Net Win. 5 Represents interest costs of lease liabilities per AASB 16 “Leases” accounting standard and NAB loan facility. 6 Reflects customer withdrawals during the period. Note Net Win is derived from 1.1 & 1.8, less changes in customer balances. Net Win is identified separately in the accompanying presentation.
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 2 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities (b) businesses (286.8) (286.8) (c) property, plant and equipment (8.5) (8.5) (d) investments (e) intellectual property7 (2,094.7) (2,094.7) (f) other non-current assets 2.2 Proceeds from disposal of: (a) entities (b) businesses (c) property, plant and equipment (d) investments (e) intellectual property (f) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities (2,390.0) (2,390.0) 7 Includes capitalised website & app development costs. 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) 3.2 Proceeds from issue of convertible debt securities 3.3 Proceeds from exercise of options 3.4 Transaction costs related to issues of equity securities or convertible debt securities 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 3 + See chapter 19 of the ASX Listing Rules for defined terms. Consolidated statement of cash flows Current quarter $A’000 Year to date (3 months) $A’000 3.9 Other (provide details if material) 3.10 Net cash from / (used in) financing activities - - 4. Net increase / (decrease) in cash and cash equivalents for the period 27,759.9 27,759.9 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) (6,834.8) (6,834.8) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (2,390.0) (2,390.0) 4.4 Net cash from / (used in) financing activities (item 3.10 above) - - 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period 18,535.2 18,535.2 5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts Current quarter $A’000 Previous quarter $A’000 5.1 Bank balances 18,535.2 27,759.9 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (cash on hand) - - 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above) 18,535.2 27,759.9 6. Payments to related parties of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to related parties and their associates included in item 1 354.6 6.2 Aggregate amount of payments to related parties and their associates included in item 2 Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. During the quarter, the company made payments to Executive & Non-Executive Directors relating to Salaries & Wages (inclusive of superannuation and applicable taxes withheld) and Directors Fees on normal commercial terms.
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 4 + See chapter 19 of the ASX Listing Rules for defined terms. 7. Financing facilities Note: the term “facility’ includes all forms of financing arrangements available to the entity. Add notes as necessary for an understanding of the sources of finance available to the entity. Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 7.1 Loan facilities 35,000.0 34,101.8 7.2 Credit standby arrangements 260.0 116.2 7.3 Other (please specify) 7.4 Total financing facilities 35,510.0 34,218.0 7.5 Unused financing facilities available at quarter end 1,292.0 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well. NAB Corporate Credit Card Facilities $110,000 Limit. Interest rate: 18.5% p.a. American Express Corporate Charge Card $150,000 Limit. Interest rate: 3% on any overdue amount. NAB Credit Facility $35,000,000 Limit. Interest Rate 6.46% plus Facility Fee of 2.25%. 8. Estimated cash available for future operating activities $A’000 8.1 Net cash from / (used in) operating activities (item 1.9) (6,834.8) 8.2 Cash and cash equivalents at quarter end (item 4.6) 18,535.2 8.3 Unused finance facilities available at quarter end (item 7.5) 1,292.0 8.4 Total available funding (item 8.2 + item 8.3) 19,827.2 8.5 Estimated quarters of funding available (item 8.4 divided by item 8.1) 2.9 Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as “N/A”. Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5. 8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions: 8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: N/A 8.6.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: N/A 8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: N/A Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.
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Appendix 4C Quarterly cash flow report for entities subject to Listing Rule 4.7B ASX Listing Rules Appendix 4C (17/07/20) Page 5 + See chapter 19 of the ASX Listing Rules for defined terms. Compliance statement 1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A. 2 This statement gives a true and fair view of the matters disclosed. Date: 28/10/2026 Authorised by: Board of Directors (Name of body or officer authorising release – see note 4) Notes 1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter , how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so. 2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standard applies to this report. 3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity. 4. If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – eg Audit and Risk Committee ]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”. 5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.