Annual report
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ANNUAL REPORT 2026 Beacon Lighting Group Limited
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 2 Important Notice This financial report is the consolidated financial report of the consolidated entity consisting of Beacon Lighting Group Limited, ACN 164 122 785 and its subsidiaries. Beacon Lighting Group Limited is a Company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business is Level 1, 295 Whitehorse Road, Nunawading, Victoria 3131. A description of the nature of the consolidated entity’s operations and its principal activities is included in the Directors’ Report on page 12, which is not part of the financial report. The financial report was authorised for issue by the Directors on 27 August 2026. The Directors have the power to amend and reissue the financial statements.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 3 CHAIRMAN AND CHIEF EXECUTIVE OFFICER’S REPORT . . . . . . . . . . . . . . . . . . . . . . . . . 4 BOARD OF DIRECTORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 MANAGEMENT TEAM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 DIRECTORS’ REPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 AUDITOR’S INDEPENDENCE DECLARATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 INDEX TO THE FINANCIAL STATEMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME . . . . . . . . . . . . . . . . . . . . . 39 CONSOLIDATED BALANCE SHEET . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY. . . . . . . . . . . . . . . . . . . . . . . . . 41 CONSOLIDATED STATEMENT OF CASH FLOWS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . 43 CONSOLIDATED ENTITY DISCLOSURE STATEMENT. . . . . . . . . . . . . . . . . . . . . . . . . . . 84 DIRECTORS’ DECLARATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BEACON LIGHTING GROUP LIMITED. . 86 SHAREHOLDERS’ INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92 CORPORATE DIRECTORY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94 STORE LOCATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95 CONTENTS
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 4 The Beacon Lighting Group is pleased to report its financial results for FY2026. Beacon Lighting achieved underlying sales of $340.3 million and an underlying Net Profit After Tax result of $28.1 million. In delivering this result, the Board of Directors extends its thanks to the entire Beacon Lighting team and to our retail, trade and wholesale customers for their continued support. GROUP OVERVIEW The Beacon Lighting Group is Australia’s leading retail and online supplier of lighting, ceiling fans, light globes and electrical accessories, servicing retail, trade and wholesale customers. At the end of FY2026, the core business included: • 130 Beacon Lighting stores with 129 company-owned stores and one franchised store. • Five Commercial Sales Offices in Brisbane (QLD), Sydney (NSW), Melbourne (VIC), Adelaide (SA) and Perth (WA). • Two Distribution Centres in Brisbane (QLD) and Melbourne (VIC), and a 3PL warehouse in Perth (WA). • Beacon Group Support Centre in Nunawading (VIC). In addition, the Group operates several complementary businesses: • Beacon International with sales offices in Hong Kong, Germany, and the United States and a support office in China. • Connected Light Solutions (street lighting), with a sales and support team in Australia. • Light Source Solutions (exclusive GE lamp distributor in NZ), with a sales and support office based in New Zealand. • Custom Lighting, with a designer showroom in Malvern (VIC). • Masson For Light, with an architectural lighting showroom in Richmond (VIC) and manufacturing facility in Epping (VIC). • A 50% investment in the Large Format Property Fund, managed by the property team based at the Support Centre. FY2026 IN REVIEW Beacon Lighting achieved an underlying sales result of $340.3 million in FY2026 compared to the sales in FY2025 of $328.9 million. The Group’s vertically integrated supply chain has helped to maintain a margin of 68.6% compared to 69.1% last year. The change in the margin is a reflection of the change in the sales mix toward trade related products. Other income finished FY2026 at $3.4 million. Interest income continued to be supported by higher interest rates and a strong cash position, but not to the same extent as last year. Investment income from the Large Format Property Fund increased as development projects have been turned into leased properties. Royalties from franchise stores declined with the purchase of the Beacon Lighting St Kilda franchised store. In FY2026, Beacon Lighting opened new company stores at Auburn (NSW), Millers Junction (VIC) and purchased the St Kilda (VIC) franchised store. There were major refurbishment projects undertaken at McGraths Hill (NSW) and Fyshwick (ACT). During the year, the Springvale (VIC) store was closed. Beacon Lighting achieved a company store comparative sales increase of 1.8% in FY2026. The highlight of this sales result was a strong sales performance in Q4, FY2026, with a comparative sales increase of 7.1%. The best performed states from a comparative sales perspective were Queensland, Tasmania and Western Australia. Beacon Lighting has continued to partner and grow our business with our Trade Customers throughout FY2026. Our trade customers have continued to enjoy the benefits of the Beacon Trade program, which includes access to trade essential products, special prices, Beacon Cash rebates, monthly trade perks, Beacon Trade branded workwear, and surprise and delight gifts. Our trade customers have rewarded Beacon Lighting with increased direct trade and referral sales. The Beacon Trade highlight was an increase in total trade sales in stores by 14.5%. CHAIRMAN & CHIEF EXECUTIVE OFFICER’S REPORT
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 5 Sales for Beacon International declined slightly, but with a significant improvement in profit margin and careful management of expenses, FY2026 was a year of profitable growth. Beacon Lighting Europe performed strongly with an increase in sales, margins and profits. Connected Light Solutions, Beacon Commercial and Custom Lighting all recorded sales increases, while sales at Masson For Light and Light Source Solutions declined. During FY2026, Connected Light Solutions won a major state tender which will underpin sales in the business for years to come. Beacon Lighting has a 50% investment in the Large Format Property Fund, which owns nine large format retail properties. During FY2026, two development properties in Coffs Harbour (NSW) and Noosa (QLD) were acquired. The highlight of the Large Format Property Fund in FY2026 was the completion of the Auburn (NSW) development which has now been leased to Beacon Lighting as a store, Commercial warehouse and office. Throughout FY2026, Beacon Lighting remained conservative and maintained a strong cash position. The stock investment of $101.0 million primarily associated with the core Australian business enabled Beacon Lighting to maintain a strong in-stock position and provide outstanding customer service to our customers. Beacon Lighting has continued to invest in the future with a capital investment of $12.2 million in FY2026. FY2026 HIGHLIGHTS Underlying Sales of $340.3 million Underlying EBITDA of $88.5 million Underlying NPAT of $28.1 million New Stores at Auburn (NSW) and Millers Junction (VIC) and purchased the St Kilda (VIC) franchised store Company Store Comparative Sales for Q4 FY2026 increased by 7.1% 347 Accredited Lighting Designers 692 New Innovative Products Total Trade Sales through Stores increased by 14.5% Online Trade Sales increased by 16.5% 173 Employee Shareholders purchased BLX Shares through the Beacon Team Share Plan
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 6 STRATEGIC PILLARS OF GROWTH The Beacon Lighting Group strategic pillars of growth remain unchanged as follows: SUSTAINABILITY Beacon Lighting remained committed to continuous improvement towards the achievement of our sustainability goals. In relation to our People goal, Beacon Lighting has continued to promote the health and well-being of our teams, fostering an equitable, diverse and inclusive workplace and continues to invest in the development of the team. In relation to our Product goal, the Beacon Lighting team has remained dedicated to developing products which significantly reduce energy consumption, reduce waste and are sourced in an ethical and socially responsible way. In relation to the Planet goal, Beacon Lighting remains committed to reducing our reliance on grid-sourced electricity with the roll out of 72 solar systems on the Group’s operating locations. DIVIDENDS The Directors of Beacon Lighting are delighted to be able to pay a fully franked final dividend of 3.4 cents per share. This brings the annual fully franked dividend to 7.5 cents per share in FY2026. OUTLOOK Beacon Lighting will continue with the implementation of the Beacon Lighting 2030 Stores Network Strategy. The Strategy aims to transform Beacon Lighting from being a “lighting retailer” into “Australia’s leading provider of quality lighting and electrical products for homeowners and trade professionals”. The strategic initiatives have been broken down into various workstreams, including people and processes, in-store, systems, online and eCommerce, marketing and engagement, customer insights and products. Provide our customers with a rewarding service experience, the latest range of lighting and fans, inspirational store design, VIP member benefits and store network expansion and optimisation. STORES Partnering with Electricians, Builders, Architects, and Interior Designers with lighting, fans and electrical accessories for the Australian home. TRADE Provide our customers with engaging websites, enabling online sales growth and providing for a seamless customer experience in-store and online. ECOMMERCE Includes emerging businesses, international sales expansion, new business acquisitions and property. COMPLEMENTARY BUSINESSES Ian Robinson Executive Chairman Glen Robinson Chief Executive Officer
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 7 Ian Robinson EXECUTIVE CHAIRMAN 52 years of service Ian Robinson purchased the first Beacon Lighting store in 1975. Over the subsequent 50 years, his role has grown from store management to CEO and in July 2013 to his current role as Executive Chairman. Ian remains actively involved in the operations of the Group. Ian is a Director of Lighting Council of Australia, Large Format Retailers Association and Large Format Property Fund Group. Glen Robinson CHIEF EXECUTIVE OFFICER 32 years of service Glen Robinson assumed his current role of Chief Executive Officer in July 2013 after joining the Group in 1994. Glen has a strong understanding of the business having started with the Group on the sales floor, progressing to trainee buyer, merchandising manager and then taking responsibility for Beacon Lighting’s product range from development to in-store presentation. Glen is a Director of Large Format Property Fund Group. Glen holds a BBus (Management). BOARD OF DIRECTORS
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 8 (James) Eric Barr INDEPENDENT DEPUTY CHAIRMAN / NON-EXECUTIVE DIRECTOR 12 years of service Eric Barr is Deputy Chairman and Chairman of the Remuneration and Nomination Committee of the Group. Eric retired in 2000 as a Partner with PricewaterhouseCoopers after 20 years of service. Since then Eric has been a Director of public companies in the United States of America and Australia, including 10 years as lead Director of Reading International Inc. Eric was a Non-Executive Director of Generation Life Limited (formerly known as Austock Group Limited) where he held the positions of Chairman of the Audit Committee, Chairman of Risk Committee and Chairman of the Remuneration Committee. Eric is an independent Director of Large Format Property Fund Group and is a Chartered Accountant. Neil Osborne INDEPENDENT NON-EXECUTIVE DIRECTOR 12 years of service Neil Osborne is a Non-Executive Director and is also Chairman of the Group’s Audit Committee. Neil has over 35 years’ experience in the retail industry. Neil was formerly an Accenture Partner, leading large strategic projects in Australia and Asia. Neil also spent 18 years with Coles Myer Ltd in senior positions in finance (including CFO Myer), operations and strategic planning. Neil is Chairman of Australian United Retailers (trading as Foodworks) and an independent Director of Large Format Property Fund Group. Neil was previously a Non- Executive Director of Vita Group (ASX Listed) holding the position of Chairman of the Audit and Risk Committee. Neil holds a BComm, is a CPA and a FAICD.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 9 Prue Robinson EXECUTIVE DIRECTOR 20 years of service Prue assumed her current role as Chief Marketing Officer and Executive Director in January 2024. Prue joined Beacon Lighting in 2006 following a variety of roles in Sydney and London and four years in marketing with Spotlight. Prue is a Director of the Large Format Management Company Pty Ltd. Prue holds a BBus (Management & Marketing). Daniel Palumbo INDEPENDENT NON-EXECUTIVE DIRECTOR 4 years of service Daniel Palumbo joined Beacon Lighting as an adviser to the Board of Directors in 2022. Prior to joining Beacon Lighting, Daniel had a career with the Reece Group including being a member of the Senior Leadership Team demonstrating capability in improving financial performance, operational excellence, customer growth and leadership. Daniel was previously the Reece Chief Operations Officer and is currently a Non-Executive Director of Coventry Group Limited (ASX:CYG). Daniel holds a BBus (International Business).
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 10 MANAGEMENT TEAM David Speirs CHIEF FINANCIAL OFFICER Joined Beacon Lighting in 2003 after six years of business consulting and a career working with various Coles Myer businesses. David holds a BBus (Accounting), MBus (Accounting), Post Grad Dip (Finance) and is a FCPA. Damien Cummins EXECUTIVE GENERAL MANAGER – TRADE Joined Beacon Lighting in 2021 with over 25 years in management roles within the building products industry including CEO Clipsal and EGM of Gerard Lighting. Damien holds a Graduate Diploma Marketing and various executive certificates from Harvard Business School and INSEAD Business School . Lisa Kraps GENERAL MANAGER – PRODUCT & MERCHANDISING Joined Beacon Lighting in 2011 and brings almost 20 years of experience in product development and working with international suppliers across the apparel and lighting industries. Lisa holds a BBus degree and a Certificate IV in Design. Barry Martens CHIEF OPERATING OFFICER Joined Beacon Lighting in 1996 following a retail advertising career with Clemenger Harvey and retail marketing experience with Klein’s Jewellery. Monique Cook GENERAL MANAGER – ECOMMERCE Joined Beacon Lighting in 2007 and has had 18 years marketing and ecommerce experience across various B2B and B2C businesses within the home and lighting categories. Monique holds a BBus (Marketing and HRM). Kyle Evans EXECUTIVE GENERAL MANAGER – STORE SALES & OPERATIONS Kyle joined the Beacon Lighting team in 2025, bringing over two decades of senior and executive leadership experience across national omnichannel retail businesses. He draws from his extensive experience in leading large-scale transformation and growth initiatives. Kyle holds a BBus (Management).
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 11 (Michael) Mick Tan CHIEF INFORMATION OFFICER Joined Beacon Lighting in 2000 and has more than 35 years information technology experience including a career with Fujitsu Systems. Mick holds a Dip (Management). Eva Zelos GROUP HUMAN RESOURCES MANAGER Joined the Beacon team in 2020 with over 20 years of experience in HR operations and organisational planning across various businesses. Eva holds a Diploma of Management and various executive certificates through the Melbourne Business School. Rodney Brown GENERAL MANAGER – SUPPLY CHAIN Joined Beacon Lighting in 2012 with extensive supply chain experience including management roles with Cadbury Schweppes and Fosters Brewing.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 12 DIRECTOR’S REPORT The Directors of Beacon Lighting Group Limited (the ‘Company’) present their report together with the Consolidated Financial Statements of the Company and its controlled entities (the ‘Consolidated Entity’ or ‘Group’) for the 52 weeks ended 28 June 2026. Ian Robinson Executive Chairman. Glen Robinson Chief Executive Officer. Eric Barr Independent Non-Executive Director, Deputy Chairman of the Board, Chairman of the Remuneration and Nomination Committee and Member of the Audit Committee. Neil Osborne Independent Non-Executive Director, Chairman of the Audit Committee and Member of the Remuneration and Nomination Committee. Prue Robinson Chief Marketing Officer. Daniel Palumbo Independent Non-Executive Director, Member of the Remuneration and Nomination Committee and Member of the Audit Committee. Details of the expertise and experience of the Directors are outlined on pages 7 to 9 of this annual report. 1. DIRECTORS The Directors of the Group during the whole financial period and up to the date of the report were:
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 13 2. PRINCIPAL ACTIVITIES During the financial period the principal continuing activities of the Group consisted of the selling of lighting, ceiling fans, globes and electrical accessories predominately in the Australian market. 3. RESULTS The consolidated profit for the year attributable to the members of Beacon Lighting Group Limited was: Consolidated Entity Actual FY2026 $’000 Actual FY2025 $’000 Profit Before Income Tax 38,451 42,152 Income Tax Expense (11,460) (12,784) Net Profit After Tax attributable to the members of Beacon Lighting Group Limited 26,991 29,368 4. OPERATING AND FINANCIAL REVIEW 4.1 Overview of Operations The Beacon Lighting Group is Australia’s leading specialist retailer, eCommerce business and trade supplier of lighting, ceiling fans, light globes and electrical accessories. Established in Melbourne in 1967, the business has grown from a single store in Prahran (VIC) to a national network of 130 stores, comprising 129 company-owned stores and one franchised store. The Group also operates a portfolio of complementary lighting businesses across Australia, wholesale operations in international markets, and holds a 50% interest in the Large Format Property Fund, which owns nine large-format retail properties. At the end of June 2026, Beacon Lighting operated the following businesses in Australia (unless otherwise stated): • 129 Beacon Lighting company stores. • One Beacon Lighting franchise store. • Five Beacon Commercial sales offices. • Beacon International with sales offices in Hong Kong, Germany and the United States of America. A support office in China. • Light Source Solutions sales office in New Zealand. • Connected Light Solutions. • Masson For Light. • Custom Lighting. • Beacon Lighting Wholesale. The businesses are supported by a supply chain which includes Beacon Lighting operated warehouses in Brisbane (QLD) and Melbourne (VIC), and a 3PL warehouse in Perth (WA). A Beacon Lighting Group Support Centre is based in Nunawading (VIC) and supports all operating businesses. The Group’s vertically integrated operating model encompasses product design, development, sourcing, importing, distribution, merchandising, marketing and sales across its retail, trade and eCommerce sales channels. More than 95% of lighting, ceiling fans, globes and electrical accessories are supplied through the Group’s own supply chain, while more than 85% of products are designed in Australia and sold exclusively under Beacon Lighting Group brands. The Group also holds a 50% interest in the Large Format Property Fund. At the end of FY2026, six properties were fully tenanted, one was partially tenanted and three remained under development.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 14 4.2 Financial Summary 4.2.1 Financial Result The Directors believe that the presentation of non-IFRS measures provides shareholders with additional insight into the Group’s financial performance. These measures have not been audited or reviewed. A summary of the FY2026 statutory result compared to the FY2025 statutory result is presented in the following table: Consolidated Entity $’000 Statutory FY2026 Statutory FY2025 Change $ Change % Sales 340,024 328,918 11,106 3.4% Gross Profit 233,319 227,221 6,098 2.7% Other Income (1) 3,379 2,803 576 20.5% Operating Expenses (2) (149,713) (142,955) (6,758) 4.7% EBITDA (3) 86,985 87,069 (84) 0.1% EBIT (3) 47,892 50,988 (3,096) (6.1%) Net Profit After Tax 26,991 29,368 (2,377) (8.1%) (1) Other Income includes other revenue, other income and a share of net profit of associates (2) Operating Expenses excludes interest, depreciation and amortisation (3) Non-IFRS financial measures It is difficult to compare the FY2026 statutory result to the FY2025 statutory result. The FY2026 statutory result includes a number of non-recurring restructuring costs which relate to the Beacon Trade rebate, Installation Department, Beacon Lighting America and the Beacon Group Support Centre. To make the result comparable, it is necessary to adjust the FY2026 statutory result with the restructuring costs to establish a comparable FY2026 underlying result. A reconciliation of the FY2026 statutory result to the FY2026 underlying result is presented in the following table: Consolidated Entity $’000 Statutory FY2026 Restructure Costs (1) Underlying FY2026 Sales 340,024 285 340,309 Gross Profit 233,319 285 233,604 Other Income (2) 3,379 - 3,379 Operating Expenses (3) (149,713) 1,229 (148,484) EBITDA (4) 86,985 1,514 88,499 EBIT (4) 47,892 1,514 49,406 Net Profit After Tax 26,991 1,063 28,054 (1) Costs relating to restructuring of the Beacon Trade Rebate, Installation Department, Beacon Lighting America and the Beacon Group Support Centre. (2) Other Income includes other revenue, other income and a share of net profit of associates (3) Operating Expenses excludes interest, depreciation and amortisation (4) Non-IFRS financial measures
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 15 A comparable result of the FY2026 underlying result to the FY2025 statutory result is presented in the following table: Consolidated Entity $’000 Underlying FY2026 (1) Statutory FY2025 Change $ Change % Sales 340,309 328,918 11,391 3.5% Gross Profit 233,604 227,221 6,383 2.8% Other Income (2) 3,379 2,803 576 20.5% Operating Expenses (3) (148,484) (142,955) (5,529) 3.9% EBITDA (4) 88,499 87,069 1,430 1.6% EBIT (4) 49,406 50,988 (1,582) (3.1%) Net Profit After Tax 28,054 29,368 (1,314) (4.5%) (1) Underlying result after FY2026 Restructuring Costs (2) Other Income includes other revenue, other income and a share of net profit of associates (3) Operating Expenses excludes interest, depreciation and amortisation (4) Non-IFRS financial measures 4.2.2 Sales The Beacon Lighting Group achieved a sales result of $340.0 million compared to $328.9 million last year. On a comparable basis, the underlying sales result for FY2026 was $340.3 million or 3.5% ahead of the statutory result for FY2025. Company stores comparative sales increased by 1.8% in FY2026 with the highlight result being the 7.1% company store comparative sales increase in Q4 FY2026. The best performed states from a comparative sales perspective for FY2026 were Queensland, Tasmania and Western Australia. Sales growth was achieved by Beacon Commercial, Connected Light Solutions and Custom Lighting, while Beacon International, Masson For Light and Light Source Solutions recorded lower sales. 4.2.3 Gross Profit The change in the sales mix towards trade is being reflected in the Group gross profit margins. The Group achieved a gross profit result for FY2026 of 68.6% compared to 69.1% in FY2025. The vertically integrated supply chain continues to support a strong gross profit margin. 4.2.4 Other Income Other income includes interest income, investment income and royalty and marketing income from the one remaining franchise store. In FY2026, other income increased by 20.5% to $3.4 million from $2.8 million in FY2025. The increase in other income is the result of the growth in investment income received from the Large Format Property Fund. 4.2.5 Operating Expenses Operating expenses increased to $149.7 million in FY2026 compared to $143.0 million last year. On a comparable basis, the underlying operating expenses increased to $148.5 million in FY2026 which was 3.9% ahead of FY2025. As a percentage to sales, underlying operating expenses increased to be 43.6% compared to 43.5% in FY2025. With inflationary pressure associated with some expenses, the management of expenses continues to be a key focus for the Beacon Lighting team. 4.2.6 Earnings The Group achieved an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) result of $87.0 million compared to $87.1 million last year. On a comparable basis, the underlying EBITDA result for FY2026 was $88.5 million which was a 1.6% increase compared to the statutory result for FY2025. In FY2026, the Beacon Lighting Group achieved a Net Profit After Tax (NPAT) result of $27.0 million compared to $29.4 million last year. On a comparable basis, the underlying NPAT result for FY2026 was $28.1 million which was a 4.5% decrease compared to the statutory result for FY2025.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 16 4.2.7 Dividends For FY2026, the Directors of Beacon Lighting have declared a fully franked dividend of 7.5 cents per share, compared to a fully franked dividend of 8.0 cents per share for FY2025. For H2 FY2026, a fully franked dividend of 3.4 cents per share was declared, compared to 3.9 cents per share in H2 FY2025. 4.2.8 Balance Sheet The Group has continued to maintain a strong balance sheet. Cash at year end totalling $44.2 million plus a $10.0 million term deposit has resulted in a strong cash position. The investment of $101.0 million in inventory has continued to support high product availability and service to our customers. The Group’s investment in the Large Format Property Fund has increased to $29.5 million, while trade payables balance was $26.2 million and borrowings were $25.4 million. 4.3 Strategic Pillars of Growth Beacon Lighting continue to operate with four strategic pillars of growth: Stores, Trade, eCommerce and Complementary Businesses. 4.3.1 Stores At the end of FY2026, the Group operated 130 Beacon Lighting stores across every Australian state and territory, comprising 129 company stores and one franchised store. During the year, new company-owned stores opened in Auburn (NSW) and Millers Junction (VIC), the St Kilda (VIC) franchised store was acquired and the Springvale (VIC) store was closed. Updated store network research completed in December 2025 identified the potential for 217 Beacon Lighting stores in Australia. Relationships with both retail and trade customers continued to strengthen throughout the year. Retail customers continued to enjoy the rewards offered through the VIP Program, promotional campaigns and new product releases and trade customers benefited from the Beacon Trade Program which includes trade essential products, special trade pricing, Beacon Cash rebate, free delivery and monthly trade perks. Total store sales increased in FY2026, supported by new store openings, the acquisition of the St Kilda franchise store and company store comparative sales growth. Comparative sales increased by 1.8% for the full year, with performance strengthening in the second half. Q4 delivered the standout result, with company store comparative sales increasing by 7.1% across all Australian states and territories. Queensland, Western Australia, Tasmania and the Northern Territory recorded the strongest comparative sales increases. The Group offers a core range of more than 3,500 products, providing Australia’s largest range of lighting, globes, ceiling fans and electrical accessories. During FY2026, 692 new products were introduced, ensuring customers continued to have access to the latest innovations and design trends available in the Australian market. More than 890 team members now work across the Group’s 129 company-owned stores, delivering exceptional service to retail and trade customers alike. Of these, 347 are Accredited Lighting Designers, 79 have completed the Bond University Residential Lighting Design course, and a further 20 have also completed the Bond University Commercial Lighting Design course. Specialist Lighting Designers operated from 59 design studios during FY2026, completing more than 4,360 lighting designs. Across every store, the focus remains on delivering an outstanding customer experience. 4.3.2 Trade Trade remains an important growth area for the Group. Beacon Trade members receive a 2.0% Beacon Cash rebate on all direct and referral sales, together with trade pricing across the full product range. Members also have access to the trade essentials range, comprising 390 core products available at even deeper discounts, as well as monthly trade perks, branded workwear in collaboration with fashion brand Nena and Pasadena and surprise-and-delight rewards. Momentum continued to build throughout the second half of FY2026 as store teams further developed the trade opportunity. Combined direct and referral trade sales through Beacon Lighting stores increased by 14.5%, driven by both new customer acquisition and stronger purchasing from existing customers. The Group remains on track to achieve its goal of trade sales representing 50% of relevant sales by 2028.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 17 4.3.3 eCommerce The Group operates 16 website domains, with beaconlighting.com.au serving retail customers and beacontrade.com.au dedicated to Beacon Trade members. Ongoing investment in digital platforms continues to improve the online customer experience. Retail eCommerce sales grew during FY2026 and now represent 13.1% of store sales. Customers continue to value the flexibility offered online, with two-thirds choosing home delivery and one-third collecting their purchases in store. The trade members access only website beacontrade.com.au platform provides Beacon Trade members with 24/7 access to special pricing, trade rewards and Beacon Cash rebates. Online trade sales increased by 15.9% during FY2026 and now represent 14.9% of direct trade sales. 4.3.4 Complementary Businesses Beacon International remains the Group’s largest complementary business. FY2026 was a year of restructuring and consolidation. Although sales declined modestly, improved margins and disciplined cost management resulted in a significant increase in profit. Hong Kong remained the financial cornerstone of the business, while Europe delivered improved sales, margins and profitability. In the United States, restructuring established a leaner cost base and a better platform for future growth. Connected Light Solutions representing the GE Lighting brand exclusively in the Australian market increased sales by more than 50% during FY2026 and secured a significant state-based contract to replace existing streetlights with new energy-efficient LED lighting. Spanning several years, this project is expected to provide a strong foundation for the continued growth of the business. Commercial and Custom Lighting also recorded sales growth during the year, while Masson For Light and Light Source Solutions (New Zealand) experienced lower sales. The Group also holds a 50% investment in the Large Format Property Fund, which owns nine large-format retail properties. Five properties are fully tenanted, one is partially tenanted and three remain under development. A key milestone during FY2026 was the completion of the Auburn (NSW) development, providing a new Beacon Lighting store together with a warehouse facility for the NSW Commercial team and an office for the NSW state leadership team.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 18 4.4 Sustainability Beacon Lighting has established a leadership team to support the Group’s sustainability journey. The team has established Beacon Lighting’s sustainability goals and focuses on continuous improvement to achieve those goals. The current Beacon Lighting sustainability goals focus on three key areas: People, Product, and Planet. These focus areas are aligned with the United Nations Sustainability Development Goals. 4.4.1 People Goal 1: Promote the health and well-being of our team members by promoting a safe and supportive work environment. Implementing workplace safety measures and training programs is at the core of our commitment to team member well-being. The Beacon Lighting Safety Leagues Program promotes a culture of safety through regular engagement, while our well-being provider has available a portal and phone app which provides resources for physical and mental health along with a well-being calendar with well-being topics each month. Our well-being provider also has Employee Assistance Program (EAP) which offers confidential support services, further enhancing our support system. The Beacon Lighting Safety Management System is a structured, companywide approach to managing health and safety by identifying hazards, assessing risks, and implementing controls to prevent harm. It is a framework that integrates policies, procedures, and practices to systematically manage safety risks, often with the goal of not only meeting legal requirements but also continuously improving safety performance. Beacon Lighting tracks our progress in health and well-being through key metrics, including absenteeism and the Lost Time Injury Frequency Rate (LTIFR), with a goal of continuing to reduce workplace accidents. Some of the key well-being results for FY2026 are presented as follows: • The total number of reported incidents have decreased by 9.3% compared to last year. • Lost time hours have decreased by 64% compared to last year. • The number of workers compensation claims accepted in FY2026 have increased to nine compared to six last year. Most of the claims were minor in nature and have all been closed except for one. Early intervention on injuries and returning those workers back to work as soon as possible after their injury is paramount for Beacon Lighting. Goal 2: Foster an equitable, diverse, inclusive workplace that celebrates different backgrounds, perspectives, and experiences. Fostering a diverse and inclusive workplace is a key pillar of the Beacon Lighting sustainability goals. To ensure equal opportunities, competitive salaries and fair treatment for all team members, Beacon Lighting has implemented impactful policies and programs which including the following: • Developing a Gender Equality Policy to set out Beacon Lighting’s commitment in promoting and improving gender equality in the workplace. • We pay above minimum wage for all Enterprise Agreement (EA) based roles, and not only have we committed to an attractive annual increase for the years the EA has been in place, we also have a “pay for performance” approach, whereby an annual cycle (outside of minimum wage increase) across all departments is undertaken to recognise and remunerate our high performers. • On top of “pay for performance” our team across stores, complementary businesses and support departments enjoy the benefits of profit share schemes in recognition of achieving set KPIs and targets. • Beacon Lighting offers team members flexible working options and allows for informal flexible working arrangements to be made in the workplace under our Flexible Working Arrangement Policy. • Introduced greater leave entitlements to all team members such as Birthday Leave and Well Being Days. • Offered the Beacon Team Share Plan for the second time to all eligible team members with 173 team members either becoming new shareholders or increasing their investment in the Beacon Lighting Group (ASX:BLX). •
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 19 Goal 3: Invest in team member development, training and growth opportunities to enhance their skills and career prospects. Investing in team member development, training, and growth opportunities is central to our mission of enhancing skills and career prospects. To date, Beacon Lighting achievements include the following in the support of this goal: • Every week all team members will come together in a trade learning webinar. • Developed the Commercial Lighting Design Unit course with Bond University, with the first team members completing it in FY2026. • Successfully launched Beacon Lighting’s Career Pathways for Stores. • Launched the leadership pathway program called Emerging Leaders. • Released a new Occupational Violence and Aggression training module. • Partnered with Bond University to elevate our Lighting Designers with an in-depth course on Residential Lighting Design, accredited by Bond University and the Illuminating Engineering Society of Australia and New Zealand. 4.4.2 Product Goal 1: Dedicated to designing and developing products that reduce energy consumption and extend product life cycles. For over a decade, Beacon Lighting’s dedication to energy efficiency and developing high-quality products has driven substantial enhancements in our product portfolio. Our LED globe range has now replaced fluorescent, incandescent and halogen globe range as the standard, cutting energy use by up to 80% and with a lifespan up to six times longer. Beacon Lighting is building on this innovation by meeting updated GEMS/MEPS compliance standards and continue to push the product efficiency and lifespan across the range. Goal 2: Reduce packaging waste, increase recycling, and implement sustainable packaging solutions. At Beacon Lighting, we are committed to reducing our environmental impact through sustainable packaging initiatives. As a signatory to the Australian Packaging Covenant Organisation (APCO), Beacon Lighting is committed to responsible packaging practices. Some of the key initiatives include: • Sustainable Packaging: Beacon Lighting have eliminated polystyrene across all packaging and successfully removed plastic from one-third of our product range. • Packaging Style Guide: Introduced in 2022, the Style Guide ensures that all new product packaging is easily recyclable. Nearly half of our products now feature packaging free from coloured and toxic ink and include the Australasian Recycling Label (ARL). • Bring it Back to Beacon Program: Provides all Trade members with a nationwide solution for recycling cardboard and paper packaging across all stores. • Consumer Bags: Transitioned from plastic to 100% recycled paper bags featuring water-soluble ink. • Cardboard Box Recycler: A machine converts scrap cardboard into high-quality packaging material at our distribution centres, reducing the need for other packing materials and reducing waste. Goal 3: We are committed to sourcing and developing all products ethically and socially responsibly through strategic partnering. Beacon Lighting is committed to sourcing products and services in an ethically and socially responsible way. In doing so, Beacon Lighting continues to work towards ensuring that minimum standards concerning labour, health and safety, environmental management, and ethics are maintained across the supply chain. Beacon Lighting has a Supplier Code of Conduct, which outlines the Group’s minimum requirements and expectations for all suppliers regarding the management of social and environmental risks within their organisation and supply chains. The Supplier Code of Conduct also reflects Beacon Lighting’s commitment to removing modern slavery from our organisation and supply chain. Beacon Lighting has continued to conduct modern slavery training, mapped out our risk-adjusted supply chain, conducted modern slavery risk assessments, and conducted independent social audits of our most important factories. For the calendar year 2025, more than 97% of our volume-based risk-adjusted suppliers have been assessed by Beacon Lighting. Beacon Lighting has published Modern Slavery Statements since FY2020 and remain committed to partnering with our suppliers to eliminate modern slavery from our supply chains.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 20 4.4.3 Planet Goal 1: Reduce the amount of grid-sourced electricity required for normal business operations. Beacon Lighting aims to reduce its overall carbon emissions by reducing its reliance on grid-sourced power. It is doing this through several energy efficiency initiatives, which reduce our overall energy consumption on a per square metre basis of occupied space. Many initiatives have already been implemented, which continue to drive down energy consumption. These initiatives include increased use of sensor lighting displays, improved LED lighting technologies, continued trialling of HVAC and BMS control systems, and proactive monitoring and management of energy consumption throughout the entire business. Beacon Lighting has also begun the process of replacing the car fleet with electric vehicles. These and other new energy-efficient technologies, together with an increasing supply of renewable energy, will continue to reduce our carbon footprint whilst ensuring optimal comfort for our customers and team members. Goal 2: Increase the supply of renewable energy through greater solar capacity. Beacon Lighting maintains a commitment to sustainability through the ongoing deployment of photovoltaic (PV) solar energy across our operations network, including stores, commercial offices, distribution centres, and office locations. To date, Beacon Lighting has 72 PV solar systems on the Group’s operating locations. The rollout of PV solar systems continues to drive down the demand for grid-sourced electricity. Beacon Lighting remains committed to increasing the total capacity of our PV solar systems by extending deployment to as many new and existing sites as possible. Our objective is to continue to grow the total production capacity of power from PV solar while also increasing our percentage of self-supplied power. Three new PV solar systems were added this financial year. 4.5 Business Risks Beacon Lighting is subject to both specific risks associated with the Group and general risks that apply to all businesses. All these risks may impact Beacon Lighting’s current and future operating performance, as well as the outcome of an investment in Beacon Lighting. Some of these risks are beyond the control and influence of the Directors and management of Beacon Lighting. Beacon Lighting has mitigation strategies in place to manage the impact of all risks should they occur. The most material risks facing Beacon Lighting and how they are proposed to be managed are presented in the following sections. 4.5.1 Retail Environment and General Economic Conditions Beacon Lighting is sensitive to the current and future state of the retail environment and general market conditions. These conditions include, but are not limited to, interest rates, consumer confidence, unemployment rates, property prices, housing turnover, dwelling commencements, renovations, government policies, pandemics, and natural disasters. If any of these conditions were to change or deteriorate, it could adversely impact sales, margins, and operating costs, and, in turn, affect the financial performance of the Group and the Beacon Lighting share price. Beacon Lighting plans to manage the Group in accordance with the current retail and general economic environment. Beacon Lighting plans to maintain an appropriate capital structure, conservative cash position, and bank facilities to support the Group as required. 4.5.2 Growth Strategies The Beacon Lighting growth strategies are based on the strategic pillars of growth. There is, however, no guarantee that any one of these strategies will succeed, be delayed or be subject to cost overruns. Beacon Lighting will continue to invest in and support the strategic pillars of growth that can potentially increase shareholder value in the long term. If a strategic pillar cannot add value to the Beacon Lighting Group in the long term, resources will be reallocated to other strategic pillars.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 21 4.5.3 Operating Costs Beacon Lighting’s ability to maintain and improve profit is based upon realising economies of scale in operations, maintaining a reasonable stock turns and maintaining an appropriate cost structure. An inability to maintain an appropriate cost structure may adversely impact the Group’s current and future profitability. Some costs are beyond the control and influence of the Beacon Lighting team. The team needs to remain focused on the other costs that can be appropriately managed and controlled in order to ensure that these costs provide a high level of service to our customers and achieve the financial objectives of the Beacon Lighting Group. 4.5.4 Cybersecurity and IT Systems Beacon Lighting has several IT systems that are critical to the Group’s ongoing operations. The Group also operates in a world of heightened cybersecurity risks, which has the potential to bring the IT systems and business operations to a halt. Beacon Lighting’s IT systems must be capable of supporting and improving our business operations. The IT systems have a disaster recovery plan, are regularly backed up, can be restarted, and have deterrents in place to help protect Beacon Lighting from cyberattacks. 4.5.5 Competition Beacon Lighting operates in a competitive marketplace. The Group’s financial performance could be adversely affected if a competitor or potential competitor becomes more effective or irrational and Beacon Lighting cannot meet the challenge. The Group aims to meet all competitive challenges which could potentially impact upon on the overall performance of the Group. Competitive actions could include consolidating a point of difference to the competition, introducing new product ranges, providing differentiated services and combative marketing campaigns. 4.5.6 Product Sourcing, Quality and Supply Beacon Lighting is a vertically integrated business that relies upon key agents, key factories and quality assurance processes to ensure the continuity of product supply. Any disruption to product supply will have an adverse impact on Beacon Lighting’s customers, sales, margin and profitability. Beacon Lighting will continue to diversify the supply chain so that it does not become critically dependent on any single third party. If necessary, Beacon Lighting will consider additional investments in safety stocks, additional internal supply chain resources, and diversifying the sources of supply. 4.5.7 Foreign Currency Exposure Beacon Lighting is a vertically integrated business. Most of the products sold by the Group are imported into Australia in USD. As a result, the Group is exposed to fluctuations in the AUD/USD exchange rate. Beacon Lighting mitigates this risk by holding all stock in Australia in AUD and by utilising FX forward contracts to secure future foreign exchange positions. Beacon Lighting can also adjust selling prices to retail and trade customers in response to foreign currency fluctuations. 4.5.8 Socio-Economic Instability Beacon Lighting operates in a world of socio-economic instability. There are wars, political unrest, unpredictable world leaders, and social tensions, all of which pose a risk to businesses like Beacon Lighting. These risks can manifest in supply chain disruptions, reduced consumer spending and an increase in business costs. To protect Beacon Lighting from this instability, Beacon Lighting will continue to diversify its supply chains, increase inventory safety stocks, and maintain flexibility in its business operations. 4.5.9 Other Risks Beacon Lighting is exposed to many other risks, including but not limited to interruption to Group operations, ability to attract and retain key team members, fraud, working capital, health and safety and commercial property risks. All of these risks have been assessed and continue to be managed within the Beacon Lighting risk management framework.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 22 5. SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS There were no significant changes in the state of the affairs of the Group. 6. DIRECTORS’ MEETINGS The numbers of meetings of the Group’s Board of Directors held during the financial period ended 28 June 2026, and the numbers of meetings attended by each Director were: Director’s Meeting Committee Meetings Audit Remuneration & Nomination Director H A H A H A I Robinson (1) 10 10 - - 1 1 G Robinson 10 10 - - - - E Barr 10 9 4 4 3 3 N Osborne 10 10 4 4 3 3 P Robinson 10 10 - - - - D Palumbo 10 10 4 3 3 3 H = Number of meetings held during the time the Director held office or was a member of the committee during the period. A = Number of meetings attended. (1) I Robinson resigned from the Remuneration & Nomination Committee on 9 October 2025. 7. DIRECTORS’ INTERESTS IN SHARES The relevant interest of each Director in the Company, as notified by the Directors to the ASX in accordance with section 205G(l) of the Corporations Act 2001 (Cth), at the date of the report is as follows: Director Ordinary Shares in the Company I Robinson (1) 126,961,006 G Robinson (1) 126,961,006 P Robinson (1) 126,961,006 E Barr 312,029 N Osborne 300,000 D Palumbo 10,607 (1) Heystead Nominees and other Robinson Family member interests
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 23 8. DIRECTORS’ INTEREST IN CONTRACTS Directors’ interests in contracts are disclosed in Note 32 of the financial statements. 9. DIVIDENDS Dividends paid to members or reinvested in Group shares during the financial period were as follows: Consolidated Entity Actual FY2026 $’000 Actual FY2025 $’000 Fully franked dividends paid/reinvested during the period 18,321 17,957 10. INSURANCE OF OFFICERS 10.1 Indemnification of Directors The Group has entered into a Deed of Access, Indemnity and Insurance with each Director and the Company Secretary in the customary and usual form. This provides them with an indemnity to the maximum extent permitted by law against liabilities that may arise from their positions within the Group, as well as providing them with ongoing access to the Group’s books and records. 10.2 Insurance Premiums During the financial period, the Group insured its Directors and Officers in customary and usual form against loss which they may become liable for on account of claims made against them during the policy period. 11. INDEMNITY OF AUDITORS Beacon Lighting Group Limited has agreed to indemnify their auditors, PricewaterhouseCoopers (PwC), to the extent permitted by law, against any claim by a third party arising from Beacon Lighting Group Limited’s breach of their agreement. The indemnity stipulates that Beacon Lighting Group Limited will meet the full amount of any such liabilities including a reasonable amount of legal costs. No liability has arisen under this indemnity as at the date of this r eport. 12. PROCEEDINGS ON BEHALF OF THE COMPANY No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the Company, or to intervene in any proceedings to which the Company is a party, for the purpose of taking responsibility on behalf of the Group for all or part of those proceedings. No proceedings have been brought or intervened in on behalf of the Group with leave of the Court under section 237 of the Corporations Act 2001 (Cth). 13. EVENTS SUBSEQUENT TO REPORTING DATE A fully franked dividend of $7,797,633 was declared on 26 August 2026 (3.4 cents per share). Other than the above, there has been no other matter or circumstance that has occurred subsequent to period end that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations or the state of affairs of the Group or economic entity in subsequent financial periods.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 24 14. CORPORATE GOVERNANCE STATEMENT For detailed information on the corporate governance framework and main governance practices, policies and charters of Beacon Lighting Group for the period ended 28 June 2026, including details of the Group’s compliance with the 4th edition of the ASX Corporate Governance Council’s Principles and Recommendations, refer to the Group’s 2026 Corporate Governance Statement on the Beacon Lighting website. Read more about the Group’s corporate governance at: www .beaconlighting.com.au/investor-account/governance 15. AUDIT STATEMENTS 15.1 Auditor’s Independence Declaration The auditor’s independence declaration to the Directors of the Consolidated Entity in relation to the auditor’s compliance with the independence requirements of the Corporations Act 2001 (Cth) and the professional code of conduct for external auditors, forms part of the Directors’ Report. No person who was an Officer of the Consolidated Entity during the financial year was a Director or Partner of the Consolidated Entity’s external auditor during the financial year.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 25 15.2 Audit and Non-Audit Services Provided by the External Auditor During the 52 weeks ended 28 June 2026, the following fees were paid or were due and payable for services provided by the external auditor, PwC Australia, of the Consolidated Entity: Consolidated Entity FY2026 $ FY2025 $ Audit & Assurance Services Audit & review of financial statements 369,500 355,100 Other Services Tax compliance services 34,500 48,600 ESG services 14,200 - Total Remuneration of PwC 418,200 403,700 In addition to their statutory audit duties, PwC provided taxation services and ESG services to the Group. The Board has a review process in relation to non-audit services provided by the external auditor. The Board considered the non-audit services provided by PwC and, in accordance with written advice provided, and endorsed, by a resolution of the Audit Committee, is satisfied that the provision of these non-audit services by the auditor is compatible with, and does not compromise, the auditor independence requirements of the Corporations Act 2001 (Cth) for the following reasons: • All non-audit services are subject to the corporate governance procedures adopted by the Group and are reviewed by the Audit Committee to ensure they do not impact the integrity and objectivity of the auditor. • 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, as they do not involve reviewing or auditing the auditor’s own work, aiding in a management or decision-making capacity for the Group, acting as an advocate for the Company or jointly sharing risks and rewards with the Group. 16. AUDITOR PwC continues in office in accordance with section 327 of the Corporations Act 2001 (Cth). 17. ROUNDING OF AMOUNTS The Group has relied on the relief provided by ASIC Corporations Instrument 2016/191, and in accordance with that Instrument, amounts in the financial statements have been rounded off to the nearest thousand dollars, or in certain cases, to the nearest dollar.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 26 18. REMUNERATION REPORT 18.1 Remuneration Strategy The Beacon Lighting Board of Directors recognises that the performance of the Group depends on the quality and motivation of our team members, including senior management and the more than 1,150 team members employed across Australia and the rest of the world. The Group’s remuneration strategy therefore seeks to attract, reward and retain team members at all levels of the business. With a focus on senior executives, the Board has established a remuneration strategy which involves a mix of fixed remuneration, short-term incentives (STI), and long-term incentives (LTI). The Board has appointed the Remuneration and Nomination Committee, whose objective is to assist the Board in relation to the Group’s remuneration strategy, structure and actions. The Committee reviews and determines the remuneration strategy annually to ensure that it remains aligned with the business needs and meetings the Group’s remuneration principles. No specific advice or recommendations were sought from remuneration consultants during the 52 weeks ending 28 June 2026. 18.2 Remuneration Structure 18.2.1 Non-Executive Directors’ Remuneration Non-executive directors are paid a fixed fee that is periodically reviewed. They do not receive variable remuneration and are not entitled to participate in any STI or LTI. The non-executive director fees in place for FY2026 were between $110,000 and $135,000 for each of the three non-executive directors, depending on their responsibilities and workloads. Under the Beacon Lighting Constitution clause 22.8, the maximum aggregate remuneration for non-executive directors for their service as directors is $500,000 per annum or such higher amounts approved by shareholders. No such higher amount has been approved. Directors may also receive other payments for providing additional services. 18.2.2 Senior Executive Remuneration Structure Beacon Lighting provides appropriate rewards to attract and retain key senior executives. The senior executive remuneration structure includes fixed remuneration, STI and LTI. The remuneration mix between fixed and variable at risk remuneration for senior executives is determined by the nature of the role, the executive’s experience and their performance. The targeted remuneration mix which is effective from 30 March 2026 for the senior executives considered to be key management personnel (KMP) was: On Target Variable Remuneration Maximum Variable Remuneration Name Title Fixed Remuneration Short Term Incentive Long Term Incentive Short Term Incentive Long Term Incentive I Robinson (1) Executive Chairman 212,873 - - - - G Robinson Chief Executive Officer 746,010 162,000 162,000 324,000 324,000 P Robinson Chief Marketing Officer 355,379 30,000 30,000 60,000 60,000 D Speirs Chief Financial Officer 500,570 100,000 100,000 200,000 200,000 (1) The Executive Chairman does not participate in the STI or the LTI. Customary and usual conflict protocols are implemented regarding remuneration decisions affecting senior executives who are also Directors.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 27 18.2.3 Fixed Remuneration Fixed remuneration can include a base salary, employer superannuation contribution and allowances. The fixed remuneration is set to provide a base level of compensation commensurate with the position and responsibilities in a competitive market. The fixed remuneration is reviewed annually by the Remuneration and Nomination Committee, taking into account the performance of both the Group and the individual, the individual’s skills and experience, comparative market information, and, where necessary, external advice. 18.2.4 Variable Remuneration – Short Term Incentive Beacon Lighting operates an annual STI that rewards senior executives for achieving the financial performance target for the financial year. For KMP , 75% of their STI will be based on the achievement of the financial performance target. 25% of their STI will be based on the achievement of non-performance measures. The STI is designed to incentivise superior performance. The STI financial performance measure is Net Profit After Tax (NPAT). This measure was chosen because of the link between KMP remuneration and shareholder returns. The NPAT target for FY2026 was established by the Remuneration and Nomination Committee early in FY2026, taking into account the business plan, the Committee’s assessment of risk and opportunities, and other relevant market information. The Committee reserves the right to measure the STI based on the underlying NPAT result. The underlying NPAT result will be based on the actual NPAT result adjusted for significant changes or events not considered in establishing the NPAT target. There is a sliding scale for the STI payments between the bottom and top tiers as follows: Tier NPAT Target % Bonus Paid % of On Target STI Bottom Tier STI 85% 50% On Target STI 100% 100% Top Tier STI 140% 200% Non-financial measures account for 25% of KMP STI. These measures consist of Group targets established by the Remuneration and Nominations Committee and are consistent with successfully implementing the Beacon Lighting Group growth strategies which include stores, trade, eCommerce and complementary businesses. The STI is typically paid each September with respect to the previous financial year. All KMP must be employed by the Beacon Lighting Group at the time of the payment, otherwise, no STI is payable. The Remuneration and Nominations Committee may sometimes pay a discretionary bonus to reward contributions from high-performing KMP . All STI payments remain at the discretion of the Committee. 18.2.5 Variable Remuneration – Long Term Incentive For FY2026, the Remuneration and Nomination Committee has updated the LTI plan to award performance rights to KMP over three years via four tranches. Performance rights are made available to KMP as they can influence the generation of shareholder value and to align the KMP rewards with those of the shareholders. The LTI for KMP is based on achieving the targeted NPAT result, plus earnings per share (EPS) growth over the next three years. The LTI is based on the targeted NPAT result, chosen due to the link between KMP remuneration and shareholder returns. The NPAT target for FY2026 was established by the Remuneration and Nomination Committee early in FY2026, taking into account the business plan, the Committee’s assessment of risks and opportunities, and other relevant market information. The Committee reserves the right to measure the long-term incentive based on the underlying NPAT result. The underlying NPAT result will be based on the actual NPAT adjusted for significant changes or events not considered in establishing the NPAT target.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 28 The settled LTI is based on a sliding scale between the bottom and top tiers as follows: Tier NPAT Target % LTI Award Amount % of On Target LTI Bottom Tier LTI 85% 50% On Target LTI 100% 100% Top Tier LTI 120% 125% The number of performance rights is calculated by taking the KMP LTI awarded amount and then dividing it by the BLX average closing share price 30 days on either side of June 30. The performance rights may be exercised for BLX shares or can be cash settled at the discretion of the Board. There is no exercise price for the performance rights. The LTI performance rights vest to KMP in four tranches over the next three years as follows: Year Settling % Settling Timing Year Zero 25% Capable of being settled immediately on the release of the FY2026 Annual Report (or shortly following the 2026 Beacon Lighting Annual General Meeting in the case of a dir ector) Year One 25% Capable of being settled one year after the release of the FY2026 Annual Report Year Two 25% Capable of being settled two years after the release of the FY2026 Annual Report Year Three 25% Capable of being settled three years after the release of the FY2026 Annual Report Earnings per share (EPS) growth over the next three years (i.e. FY2027, FY2028 and FY2029) can further increase the number of final quarter performance rights which are settled. The Remuneration and Nominations Committee has determined that EPS growth is appropriate because of the link between EPS and shareholder value generation. The Year Three for FY2029 (only) number of performance rights can be increased up to their maximum number based upon the EPS Cumulative Average Growth Rate (CAGR) result compared to the EPS result for FY2026 as follows: EPS Growth (FY2027, FY2028, FY2029) Number of Year Three FY2029 Performance Rights which are settled Less than 5% No Increase More than 5%, but less than 7.5% 25% increase capped at the FY2029 Maximum More than 7.5%, but less than 10% 50% increase capped at the FY2029 Maximum More than 10% 100% increase capped at the FY2029 Maximum The Remuneration and Nomination Committee reserves the right to measure the EPS CAGR based on the underlying NPAT result. The underlying NPAT result will be based on the actual NPAT adjusted for significant changes or events not considered part of the Group’s ongoing operation. The service-based performance condition requires that the senior executive be employed at the time when the performance rights are settled. The Remuneration Committee may sometimes award discretionary performance rights to reward contributions from high-performing KMP . All LTI performance rights remain at the discretion of the Committee.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 29 18.3 Statutory Performance Indicators The table below sets out the statutory financial performance indicators of the Beacon Lighting Group over the last five years: FY2026 FY2025 FY2024 FY2023 FY2022 Net profit after tax ($’000) 26,991 29,368 30,102 33,643 40,726 Basic earnings per share (cents) 11.79 12.91 13.35 15.05 18.24 Dividend payments ($’000) (1) 18,321 17,957 18,249 20,769 19,876 Share Price 1.73 3.58 2.50 1.49 1.76 (1) Dividends paid to members and / or reinvested in Group shares during the financial period. 18.4 FY2026 Performance and Impact on Remuneration The Beacon Lighting Group’s NPAT result for FY2026 was below the FY2026 NPAT target. For the 52 weeks ended 28 June 2026, the KMP were awarded 50% of the STI based on financial performance measures and 100% of the STI based on non-financial measures. The KMP were also awarded 50% of the LTI.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 30 18.5 Remuneration Outcomes 18.5.1 Remuneration Outcomes for the Directors The details of the remuneration outcomes for the Directors of the Beacon Lighting Group for the current and prior financial years are set out in the following table: Fixed Remuneration Variable Remuneration Cash Salary & Fees Post- Employment Super Annual & Long Service Leave Cash Performance Based Payment Share Based Payments Total DIRECTORS I Robinson (Chairman) 2026 191,094 21,779 (16,223) - - 196,650 2025 191,892 20,980 1,191 - - 214,063 G Robinson (Chief Executive Officer) 2026 710,993 30,000 46,160 112,098 100,364 999,615 2025 650,319 30,837 6,614 125,550 62,498 875,818 E Barr (Non-Executive) 2026 120,536 14,464 - - - 135,000 2025 121,066 13,934 - - - 135,000 N Osborne (Non-Executive) 2026 107,143 12,857 - - - 120,000 2025 107,614 12,386 - - - 120,000 P Robinson (Chief Marketing Officer) 2026 319,895 30,000 22,513 20,759 18,586 411,753 2025 316,404 30,124 4,083 23,250 11,774 385,635 D Palumbo (Non-Executive) 2026 110,000 - - - - 110,000 2025 110,000 - - - - 110,000 Total Remuneration Directors 2026 1,559,661 109,100 52,450 132,857 118,950 1,973,018 2025 1,497,295 108,261 11,888 148,800 74,272 1,840,516
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 31 18.5.2 Remuneration Outcomes for the Executives The details of the remuneration outcomes for the Executives of the Beacon Lighting Group for the current and prior financial years are set out in the following table: Fixed Remuneration Variable Remuneration Cash Salary & Fees Post- Employment Super Annual & Long Service Leave Cash Performance Based Payment Share Based Payments Total EXECUTIVES D Speirs (Chief Financial Officer) 2026 467,642 30,000 50,122 69,196 56,889 673,849 2025 433,566 30,412 (10,812) 77,500 19,623 550,289 B Martens (Chief Operating Officer) (1) 2025 78,308 10,585 (2,550) 10,220 19,623 116,186 Total Remuneration Executives 2026 467,642 30,000 50,122 69,196 56,889 673,849 2025 511,874 40,997 (13,362) 87,720 39,246 666,475 (1) Barry Martens remains an executive of the Group; however the Board has determined that he should not be classified as a KMP from 15 October 2024. The FY2025 amounts in this table reflect pro-rata payments to this date.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 32 18.6 Share Based Compensation The number of performance rights granted to the Key Management Personnel are set out below: Grant Date Quantity Granted Vest Date Value at Grant Date $ Vested % Quantity Vested & Exercisable Quantity Unvested Quantity Exercised Value Expensed this Year $ DIRECTORS G Robinson 8/22/24 33,471 Refer below 81,000 66.67% 22,315 11,156 - 16,411 8/28/25 31,765 Refer below 113,400 33.34% 10,585 21,180 - 83,953 P Robinson 8/22/24 6,198 Refer below 15,000 66.67% 4,132 2,066 - 3,039 8/28/25 5,882 Refer below 21,000 33.34% 1,960 3,922 - 15,547 EXECUTIVES D Speirs 8/22/24 10,331 Refer below 25,000 66.67% 6,888 3,443 - 5,066 8/28/25 19,608 Refer below 70,000 33.34% 6,534 13,074 - 51,823 B Martens 8/22/24 10,331 Refer below 25,000 66.67% 6,888 3,443 - 5,066 The fair value of performance rights granted on 22 August 2024 (grant date) was $2.42, with a final vesting date of 22 August 2026. All unvested performance rights will vest by 22 August 2026, provide the executive remains employed by the Group at the vesting date. The fair value of performance rights granted on 28 August 2025 (grant date) was $3.57, with a final vesting date of 28 August 2027. All unvested performance rights will vest by 22 August 2027, provide the executive remains employed by the Group at the vesting date. The performance rights have a zero exercise price. Subject to meeting the relevant vesting conditions, if the performance rights are exercised, they will be issued at no cost to the executive. In the event an executive leaves the Group prior to the vesting date, the performance rights will generally lapse, except at the discretion of the Directors.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 33 18.7 Share Holdings The numbers of ordinary voting shares in the Company held during the financial year by each Director of Beacon Lighting Group and other key management personnel of Beacon Lighting Group, including their personally related parties, are set out below: Balance at Start of Year Purchase of Shares DRP Issue (1) Performance Rights Settled Balance at End of Year DIRECTORS I Robinson (Executive Chairman) (2) 2026 126,360,212 46,787 250,033 - 126,657,032 2025 125,346,449 - 1,013,763 - 126,360,212 G Robinson (Chief Executive Officer) 2026 145,552 - - 33,021 178,573 2025 141,589 - 3,963 - 145,552 E Barr (Non-Executive) 2026 308,411 - 3,618 - 312,029 2025 286,046 15,000 7,365 - 308,411 N Osborne (Non-Executive) 2026 300,000 - - - 300,000 2025 300,000 - - - 300,000 P Robinson (Chief Marketing Officer) 2026 86,949 - - 38,452 125,401 2025 85,766 - 1,183 - 86,949 D Palumbo (Non-Executive) 2026 7,036 3,571 - - 10,607 2025 - 7,036 - - 7,036 EXECUTIVES D Speirs (Chief Financial Officer) 2026 118,241 - 1,537 - 119,778 2025 115,022 - 3,219 - 118,241 B Martens (Chief Operating Officer) (3) 2025 126,220 - - - 126,220 (1) Shares received during the year as a result of participating in the Dividend Reinvestment Plan. (2) Heystead Nominees Pty Ltd and other Robinson Family member interests, excluding Glen Robinson and Prue Robinson. (3) Barry Martens remains an executive of the Group, however, the Board has determined that he should not be classified as a KMP from 15 October 2024.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 34 18.8 Service Agreements All executives are employed on terms consistent with the remuneration structure outlined in this report. Each of the relevant executive agreements is for a continuing term but may be terminated by either party with a required notice period of 12 weeks. These agreements do not provide for any termination payments other than payment in lieu of notice. Name Contract Type Notice of Termination by Group Employee Notice G Robinson Rolling Contract 12 weeks 12 weeks P Robinson Rolling Contract 12 weeks 12 weeks D Speirs Rolling Contract 12 weeks 12 weeks 18.9 Voting of Shareholders at Last Year’s Annual General Meeting The Beacon Lighting Group received more than 99% of yes votes on its remuneration report for FY2025. The Group did not receive any specific feedback at the Annual General Meeting on its remuneration practices. Signed in accordance with a resolution of Directors. Ian Robinson Executive Chairman Glen Robinson Chief Executive Officer Melbourne, 27 August 2026
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 35 AUDITOR’S INDEPENDENCE DECLARATION PricewaterhouseCoopers, ABN 52 780 433 757 2 Riverside Quay, SOUTHBANK VIC 3006, GPO Box 1331 MELBOURNE VIC 3001 T: +61 3 8603 1000, F: +61 3 8603 1999, www.pwc.com.au pwc.com.au Liability limited by a scheme approved under Professional Standards Legislation. Auditor’s Independence Declaration As lead auditor of Beacon Lighting Group Limited's financial report for the 52 week period ended 28 June 2026, I declare that, to the best of my knowledge and belief, there have been: a) no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the audit of the financial report; and b) no contraventions of any applicable code of professional conduct in relation to the audit of the financial report. Matthew Probert Melbourne Partner 27 August 2026 PricewaterhouseCoopers
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 36
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 37
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 38 INDEX TO THE FINANCIAL STATEMENTS Consolidated Statement of Comprehensive Income . . . 39 Consolidated Balance Sheet . . . . . . . . . . . . . . .40 Consolidated Statement of Changes in Equity . . . . . . 41 Consolidated Statement of Cash Flows . . . . . . . . .42 Notes to the Consolidated Financial Statements 1. Summary of Material Accounting Policies . . . . . .43 2. Financial Risk Management . . . . . . . . . . . . . . 53 3. Segment Information . . . . . . . . . . . . . . . . .57 4. Revenue from Contracts with Customers and Other Revenue . . . . . . . . . . . . . . . . . . . . . . . . 57 5. Other Income . . . . . . . . . . . . . . . . . . . . .57 6. Expenses . . . . . . . . . . . . . . . . . . . . . . .58 7. Income Tax Expense . . . . . . . . . . . . . . . . .58 8. Cash and Cash Equivalents . . . . . . . . . . . . . . 59 9. Trade and Other Receivables . . . . . . . . . . . . .59 10. Inventories . . . . . . . . . . . . . . . . . . . . . .61 11. Other Financial Assets . . . . . . . . . . . . . . . . 61 12. Other Current Assets. . . . . . . . . . . . . . . . . 61 13. Property, Plant and Equipment . . . . . . . . . . .62 14. Investments in Associates Accounted for Using the . Equity Method . . . . . . . . . . . . . . . . . . . .62 15. Deferred Tax Assets . . . . . . . . . . . . . . . . .63 16. Intangible Assets. . . . . . . . . . . . . . . . . . . 64 17. Trade and Other Payables . . . . . . . . . . . . . .65 18. Current Borrowings . . . . . . . . . . . . . . . . .65 19. Current Provisions . . . . . . . . . . . . . . . . . .66 20. Current Tax Liabilities . . . . . . . . . . . . . . . .67 21. Non Current Provisions . . . . . . . . . . . . . . .67 22. Leases . . . . . . . . . . . . . . . . . . . . . . . .68 23. Contributed Equity . . . . . . . . . . . . . . . . . . 69 24. Reserves and Retained Profits. . . . . . . . . . . . 70 25. Dividends. . . . . . . . . . . . . . . . . . . . . . . 71 26. Key Management Personnel Disclosures . . . . . .72 27. Share Based Payments . . . . . . . . . . . . . . .73 28. Earnings Per Share. . . . . . . . . . . . . . . . . . 74 29. Remuneration of Auditors . . . . . . . . . . . . . .74 30. Contingencies . . . . . . . . . . . . . . . . . . . .74 31. Commitments . . . . . . . . . . . . . . . . . . . .74 32. Related Party Transactions. . . . . . . . . . . . . . 74 33. Subsidiaries . . . . . . . . . . . . . . . . . . . . .77 34. Events Occurring After the Reporting Period . . . . 80 35. Cash Flow Information . . . . . . . . . . . . . . . . 81 36. Critical Accounting Estimates . . . . . . . . . . . .81 37. Parent Entity Financial Information. . . . . . . . . . 82 38. Deed of Cross Guarantee . . . . . . . . . . . . . .82
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 39 Consolidated Entity Notes FY2026 $’000 FY2025 $’000 REVENUE FROM CONTRACTS WITH CUSTOMERS Sale of goods 4 340,024 328,918 Other revenue 4 419 509 Total revenue from contracts with customers 4 340,443 329,427 Other income 5 1,879 1,903 EXPENSES 6 Cost of sales of goods (106,705) (101,697) Other expenses from ordinary activities Marketing (16,382) (16,145) Selling and distribution (150,183) (142,031) General and administration (22,241) (20,860) Finance costs 6 (9,441) (8,836) Share of net profits of associates accounted for using the equity method 14 1,081 391 PROFIT BEFORE INCOME TAX 38,451 42,152 Income tax expense 7 (11,460) (12,784) PROFIT FOR THE PERIOD ATTRIBUTABLE TO THE OWNERS OF THE PARENT ENTITY 26,991 29,368 Profit is attributable to: Owners of Beacon Lighting Group Limited 26,991 29,368 Other comprehensive income – Items that may be reclassified to profit or loss: Changes in the fair value of derivatives 24(a) 459 (148) Exchange differences on translation of foreign operations 24(a) (1,655) 272 Income tax relating to these items 360 (36) Other comprehensive income for the period, net of tax (836) 88 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ATTRIBUTABLE TO THE OWNERS OF THE PARENT ENTITY 26,155 29,456 Total comprehensive income is attributable to: Owners of Beacon Lighting Group Limited 26,155 29,456 EARNINGS PER SHARE CENTS CENTS Basic earnings per share 28 11.79 12.91 Diluted earnings per share 28 11.79 12.91 The above consolidated statement of comprehensive income should be read in conjunction with the accompanying Notes. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 - Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 40 Consolidated Entity Notes FY2026 $’000 FY2025 $’000 CURRENT ASSETS Cash and cash equivalents 8 44,230 45,222 Trade and other receivables 9 11,200 11,296 Inventories 10 101,049 101,415 Other financial assets 11 10,000 10,000 Other current assets 12 3,613 2,378 Total current assets 170,092 170,311 NON-CURRENT ASSETS Financial assets at fair value through profit or loss 3 9 Investments in associates 14 29,478 24,686 Property, plant and equipment 13 52,650 49,859 Right of use assets 22 125,729 121,249 Intangible assets 16 14,653 13,908 Other non-current assets 1,008 1,390 Deferred tax assets 15 13,480 13,366 Total non-current assets 237,001 224,467 TOTAL ASSETS 407,093 394,778 CURRENT LIABILITIES Trade and other payables 17 26,220 31,296 Borrowings 18 25,448 23,087 Derivative financial instruments - 77 Current provisions 19 13,576 12,719 Current tax liabilities 20 1,843 2,005 Lease liabilities 22 31,625 29,508 Total current liabilities 98,712 98,692 NON-CURRENT LIABILITIES Lease liabilities 22 114,098 111,763 Provisions 21 1,866 1,713 Total non-current liabilities 115,964 113,476 TOTAL LIABILITIES 214,676 212,168 NET ASSETS 192,417 182,610 EQUITY Contributed equity 23 86,430 84,371 Other reserves 24(a) (42,588) (41,989) Retained earnings 24(b) 148,575 140,228 TOTAL EQUITY 192,417 182,610 The above consolidated balance sheet should be read in conjunction with the accompanying Notes. CONSOLIDATED BALANCE SHEET As at 28 June 2026 and as at 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 41 Consolidated Entity Notes Contributed Equity $’000 Other Reserves $’000 Retained Earnings $’000 Total Equity $’000 Balance as at 29 June 2025 84,371 (41,989) 140,228 182,610 Profit for the period - - 26,991 26,991 Other comprehensive income - (836) - (836) Total comprehensive income for the period - (836) 26,991 26,155 Transactions with owners in their capacity as owners: Issue of shares via dividend reinvestment plan 23 2,059 - - 2,059 Employee share scheme 24(a) - 237 - 237 Treasury share reserve - - (323) (323) Dividends provided for or paid 25 - - (18,321) (18,321) Total contributions by and distributions to owners 2,059 237 (18,644) (16,348) Balance as at 28 June 2026 86,430 (42,588) 148,575 192,417 Balance as at 30 June 2024 79,170 (42,197) 128,817 165,790 Profit for the period - - 29,368 29,368 Other comprehensive income - 88 - 88 Total comprehensive income for the period - 88 29,368 29,456 Transactions with owners in their capacity as owners: Issue of shares via dividend reinvestment plan 23 5,201 - - 5,201 Employee share scheme 24(a) - 120 - 120 Dividends provided for or paid 25 - - (17,957) (17,957) Total contributions by and distributions to owners 5,201 120 (17,957) (12,636) Balance as at 29 June 2025 84,371 (41,989) 140,228 182,610 The above consolidated statement of changes in equity should be read in conjunction with the accompanying Notes. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 42 Consolidated Entity Notes FY2026 $’000 FY2025 $’000 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers (inclusive of goods and services tax) 372,450 361,062 Payments to suppliers and employees (inclusive of goods and services tax) (293,216) (277,443) Interest received 1,879 1,903 Borrowing costs (9,441) (8,836) Income taxes paid (10,839) (12,715) Net cash inflow from operating activities 35 60,833 63,971 CASH FLOWS FROM INVESTING ACTIVITIES Payments for property, plant and equipment (12,214) (10,510) Payments for interest in associates 32 (3,250) (700) Loan to associates 32 (118) (600) Payments for acquisitions (765) - Proceeds from interest in associates 32 597 402 Proceeds from sale of property, plant and equipment 88 62 Net cash (outflow) from investing activities (15,662) (11,346) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from borrowings 53,292 59,673 (Repayment) of borrowings (50,931) (60,746) (Payments) for principal portion of lease liabilities (32,262) (29,755) Dividends paid to Company’s shareholders 25 (16,262) (12,756) Net cash (outflow) from financing activities (46,163) (43,584) Net increase in cash and cash equivalents (992) 9,041 Cash and cash equivalents at the beginning of the period 45,222 36,181 Cash and cash equivalents at the end of the period 8 44,230 45,222 The above consolidated statement of cash flows should be read in conjunction with the accompanying Notes. CONSOLIDATED STATEMENT OF CASH FLOWS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 43 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities 1. SUMMARY OF MATERIAL ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of this consolidated financial report is set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated. The financial report is for the consolidated entity consisting of Beacon Lighting Group Limited (the ‘Company’ or ‘Beacon Lighting Group’) and its controlled entities (the ‘Consolidated Entity’ or ‘Group’). (a) Basis of Preparation This general-purpose financial report has been prepared in accordance with Australian Accounting Standards and interpretations issued by the Australian Accounting Standards Board and the Corporations Act 2001 (Cth). Beacon Lighting Group Limited is a for- profit entity for the purpose of preparing the financial report. Beacon Lighting Group Limited operates within a retail financial period. The current financial period was a 52 week retail period ending on 28 June 2026. This treatment is consistent with section 323D of Corporations Act 2001 (Cth). i) New, Revised or Amended Accounting Standards and Interpretations Adopted by the Group The Group did not have to change its accounting policies or make retrospective adjustments as a result of adopting these standards. ii) Impact of Standards Issued but Not Yet Applied by Group Certain new accounting standards and interpretations have been published that are not mandatory for 28 June 2026 reporting periods and have not been early adopted by the Group. These standards are not expected to have a material impact on the entity in the current or future reporting periods and on foreseeable future transactions. AASB 18 Presentation and Disclosure in Financial Statements is due for adoption for the year ending 30 June 2028. It will not change the recognition and measurement of items in the financial statements but will affect presentation and disclosure in the consolidated financial statements. Beacon Lighting is currently assessing the impact of AASB 18 Presentation and Disclosure in Financial Statements on its financial statements and is not yet in a position to quantify the effects. iii) Compliance with IFRS The consolidated financial report of the Group also complies with International Financial Reporting Standards as issued by the International Accounting Standards Board. iv) Historical Cost Convention This financial report has been prepared in accordance with the historical cost convention, except for certain financial assets and liabilities (including derivative instruments) measured at fair value. v) Critical Accounting Estimates The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. Refer to Note 36 Critical Accounting Estimates for detailed explanation of items requiring assumptions and estimates. (b) Comparative Financial Information Unless otherwise stated, the accounting policies adopted are consistent with those of the previous period. Comparative information is reclassified where appropriate to enhance comparability and provide more appropriate information to users. (c) Principles of Consolidation and Equity Accounting i) Subsidiaries The consolidated financial report incorporates the assets and liabilities of all subsidiaries of Beacon Lighting Group Limited (‘Group’ or ‘parent entity’) as at 28 June 2026 and the results of all subsidiaries for the period then ended. Beacon Lighting Group Limited and its subsidiaries together are referred to in this financial report as the Group or the consolidated entity.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 44 Subsidiaries are all entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The acquisition method of accounting is used to account for business combinations by the Group (refer to Note 1(i)). Intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Where control of an entity is obtained during a financial period, its results are included in the consolidated statement of comprehensive income from the date on which control commences. Where control of an entity ceases during a financial period its results are included for that part of the period during which control existed. Investments in subsidiaries are accounted for at cost in accounting records of Beacon Lighting Group Limited. ii) Associates Associates are all entities over which the Group has significant influence but not control or joint control. This is generally the case where the Group holds between 20% and 50% of the voting rights. Investments in associates are accounted for using the equity method of accounting (see (iii) below), after initially being recognised at cost. iii) Equity Method Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognised as a reduction in the carrying amount of the investment. Where the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealised gains on transactions between the Group and its associates and joint ventures are eliminated to the extent of the Group’s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. The carrying amount of equity-accounted investments is tested for impairment in accordance with the policy described in note 1(j). iv) Changes in Ownership Interests The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non- controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non- controlling interests and any consideration paid or received is recognised in a separate reserve within equity attributable to owners of the Group. When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value with the change in carrying amount recognised in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognised in other comprehensive income in respect of that entity are accounted for as if the Group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognised in other comprehensive income are reclassified to profit or loss. If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 45 (d) Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker for Beacon Lighting Group Limited and its controlled entities (the Group), is the Chief Executive Officer (CEO). The Group determines operating segments based on information provided to the CEO in assessing performance and determining the allocation of resources within the Group. Consideration is given to the manner in which products are sold, nature of the products supplied, the organisational structure and the nature of customers. Reportable segments are based on the aggregated operating segments determined by the manner in which products are sold, similarity of products, nature of the products supplied, the nature of customers, the methods used to distribute the product and materiality. The Group purchases goods in USD for sales predominately into Australia. The Group’s one reportable segment is the selling of light fittings, fans, electrical accessories and energy efficient products. (e) Foreign Currency Translation i) Functional and Presentation Currency Items included in the financial report of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (‘the functional currency’). The consolidated financial report is presented in Australian dollars, which is Beacon Lighting Group Limited’s functional and presentation currency. ii) Transactions and Balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at period end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss, except when they are deferred in equity as qualifying cash flow hedges. iii) Specific Commitments Hedging is undertaken in order to avoid or minimise possible adverse financial effects of movements in exchange rates. Gains or costs arising upon entry into a hedging transaction intended to hedge the purchase or sale of goods and services, together with subsequent exchange gains or losses resulting from those transactions are deferred in the consolidated statement of comprehensive income from the inception of the hedging transaction up to the date of the purchase or sale and included in the measurement of the purchase or sale. Any gains or losses arising on the hedging transaction after the recognition of the hedge purchase or sale are included in the consolidated statement of comprehensive income. In the case of hedges of monetary items, exchange gains or losses are brought to account in the financial period in which the exchange rates change. iv) Group Companies The results and financial position of foreign operations (none of which has the currency of a hyper inflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet. • Income and expenses for each income statement and statement of comprehensive income are translated at average exchange rates (unless this is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions). • All resulting exchange differences are recognised in other comprehensive income. On consolidation, exchange differences arising from the translation of any net investment in foreign entities, and of borrowings and other financial instruments designated as hedges of such investments, are recognised in other comprehensive income. When a foreign operation is sold or any borrowings forming part of the net investment are repaid, the associated exchange differences are reclassified to profit or loss, as part of the gain or loss on sale. Goodwill and fair value adjustments arising on the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing rate. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 46 (f) Revenue Recognition i) Transactions and Balances The Group operates a chain of retail stores and sells a range of lighting products direct to customers. Revenue from the sale of goods is recognised when a Group entity sells a product to the customer at which point the control of products is transferred. Payment of the transaction price is due immediately when the customer purchases the lighting products and takes control of the products. It is the Group’s policy to sell its products to the end customer with a right of return within 30 days. The refund liability and a right to the returned goods is not material for the products expected to be returned. The Group operates a loyalty program where trade customers accumulate Beacon Cash for purchases made which entitle them to discounts on future purchases. Beacon Cash is recognised as a separately identifiable component of the initial sale transaction, by allocating the fair value of the consideration received between the award points and the other components of the sale such that Beacon Cash is recognised at their fair value. Revenue from the Beacon Cash is recognised when redeemed. The amount of revenue recognised is based on the value of Beacon Cash redeemed relative to the total value expected to be redeemed. The Group’s obligation to repair or replace faulty products under the standard warranty terms is recognised as a provision, see Note 19. ii) Interest Income Interest income is recognised using the effective interest method. When a receivable is impaired, the Group reduces the carrying amount to its recoverable amount, being the estimated future cash flow discounted at the original effective interest rate of the instrument, and continues unwinding the discount as interest income. Interest income on impaired loans is recognised using the original effective interest rate. iii) Franchise Royalty Fee Income Franchise royalty fee income includes advertising contributions and management fee, which is based upon a percentage of sales. (g) Income Tax The income tax expense or revenue for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. Deferred tax assets and liabilities are recognised for temporary differences at the tax rates expected to apply when the assets are recovered or liabilities are settled, based on those tax rates which are enacted or substantively enacted for each jurisdiction. The relevant tax rates are applied to the cumulative amounts of deductible and taxable temporary differences to measure the deferred tax asset or liability. An exception is made for certain temporary differences arising from the initial recognition of an asset or a liability. No deferred tax asset or liability is recognised in relation to these temporary differences if they arose in a transaction, other than a business combination, that at the time of the transaction did not affect either accounting profit or 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. Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances are related to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Deferred tax liabilities and assets are not recognised for temporary differences between the carrying amount and tax bases of investments in foreign operations where the Group is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future. Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in other comprehensive income or directly in equity, respectively. Beacon Lighting Group Limited and its wholly-owned Australian controlled entities have not implemented the tax consolidation legislation. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 47 (h) Leases The Group leases various offices, distribution centers and retail stores. Rental contracts are typically made for fixed periods of 7 to 10 years but may have extension options as described below. Contracts may contain both lease and non-lease components. The Group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices. However, for leases of real estate for which the Group is a lessee, it has elected not to separate lease and non-lease components and instead accounts for these as a single lease component. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants, but leased assets may not be used as security for borrowing purposes. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in-substance fixed payments), less any lease incentives receivable. • Variable lease payments that are based on an index or a rate. • Amounts expected to be payable by the lessee under residual value guarantees. • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. • The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee’s incremental borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment with similar terms and conditions. To determine the incremental borrowing rate, the Group: • Where possible, uses recent third-party financing received as a starting point, adjusted to reflect changes in financing conditions since third party financing was received. • Uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases held by the Group, which does not have recent third-party financing, and • The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset. Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Right-of-use assets are measured at cost comprising the following: • The amount of the initial measurement of lease liability. • Any lease payments made at or before the commencement date less any lease incentives received. • Any initial direct costs, and • Restoration costs. Right-of-use assets are generally depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful life. While the Group revalues its land and buildings that are presented within property, plant and equipment, it has chosen not to do so for the right-of-use buildings held by the Group. Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less. Low-value assets comprise IT equipment and small items of office furniture. Extension and termination options Extension and termination options are included in a number of property and equipment leases across the Group. These terms are used to maximise operational flexibility in terms of managing contracts. The majority of extension and termination options held are exercisable only by the Group and not by the respective lessor. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 48 (i) Business Combinations The acquisition method of accounting is used to account for all business combinations, regardless of whether equity instruments or other assets are acquired. The consideration transferred for the acquisition of a subsidiary comprises the fair values of the assets transferred, the liabilities incurred and the equity interests issued by the Group. The consideration transferred also includes the fair value of any asset or liability resulting from a contingent consideration arrangement and the fair value of any pre-existing equity interest in the subsidiary. Acquisition-related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition-date. On an acquisition-by-acquisition basis, the Group recognises any non-controlling interest in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net identifiable assets. The excess of the consideration transferred and the amount of any non-controlling interest in the acquiree over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the subsidiary acquired and the measurement of all amounts has been reviewed, the difference is recognised directly in profit or loss as a bargain purchase. Where settlement of any part of cash consideration is deferred, the amounts payable in the future are discounted to their present value as at the date of exchange. The discount rate used is the entity’s incremental borrowing rate, being the rate at which a similar borrowing could be obtained from an independent financier under comparable terms and conditions. Contingent consideration is classified either as equity or a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognised in profit or loss. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquire is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognised in profit or loss. (j) Impairment of Assets Goodwill and intangible assets that have an indefinite useful life are not subject to amortisation and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less cost of disposal and value-in-use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period. (k) Cash and Cash Equivalents For the purpose of presentation in the consolidated statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the consolidated balance sheet. (l) Trade Receivables Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are generally due for settlement between 30 and 60 days from end of month and therefore are all classified as current. Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are recognised at fair value. The Group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortised cost using the effective interest method. The Group applies the AASB 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 49 (m) Inventories Finished goods are stated at the lower of cost and net realisable value. Cost comprises direct materials, and an appropriate proportion of variable and fixed overhead expenditure. Costs are assigned to individual items of inventory on the basis of weighted average costs. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale. (n) Derivatives and Hedging Accounting Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The accounting for subsequent changes in fair value depends on whether the derivative is designated as a hedging instrument, and if so, the nature of the item being hedged. At inception of the hedge relationship, the Group documents the economic relationship between hedging instruments and hedged items including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The Group documents its risk management objective and strategy for undertaking its hedge transactions. Fair value is determined with reference to quoted market prices. The full fair value of a hedging derivative is classified as a non-current asset or liability when the remaining maturity of the hedged item is more than 12 months; it is classified as a current asset or liability when the remaining maturity of the hedged item is less than 12 months. The method of recognising the resulting gain or loss depends on whether the derivative is designated and effective as a hedging instrument, and if so, the nature of the item being hedged. i) Cash Flow Hedge The effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges is recognised in other comprehensive income and accumulated in the hedging reserve in equity. The gain or loss relating to the ineffective portion is recognised in the income statement in other income or other expenses. Amounts accumulated in equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss (for instance, when the forecast purchase of inventory that is hedged takes place). The gain or loss relating to the effective portion of interest rate swaps hedging variable rate borrowings is recognised in the income statement within finance costs. The gain or loss relating to the effective portion of forward foreign exchange contracts which hedge imported inventory purchases are ultimately recognised in the profit or loss as cost of goods sold. When forward contracts are used to hedge forecast transactions, the Group generally designates only the change in fair value of the forward contract related to the spot component as the hedging instrument. Gains or losses relating to the effective portion of the change in the spot component of the forward contracts are recognised in the cash flow hedge reserve within equity. The change in the forward element of the contract that relates to the hedged item (‘aligned forward element’) is recognised within Other Comprehensive Income (OCI) within the cash flow hedge reserve. In some cases, the entity may designate the full change in fair value of the forward contract (including forward points) as the hedging instrument. In such cases, the gains or losses relating to the effective portion of the change in fair value of the entire forward contract are recognised in the cash flow hedge reserve within equity. When a hedging instrument expires or is sold or terminated, or when a hedge no longer meets the criteria for hedge accounting, any cumulative gain or loss existing in equity at that time remains in equity and is recognised when the forecast transaction is ultimately recognised in the income statement. When a forecast transaction is no longer expected to occur, the cumulative gain or loss that was reported in equity is immediately transferred to the income statement. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 50 (o) Property, Plant and Equipment All property, plant and equipment is stated at historical cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred. Depreciation is calculated using the straight-line method to allocate their cost, net of their residual values, over their estimated useful lives or, in the case of leasehold improvements and certain leased plant and equipment, the shorter lease term as follows: • Furniture, Fittings & Equipment 4 to 20 years. • Motor vehicles 5 to 8 years. • Buildings 40 years. • The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. Gains and losses on disposals are determined by comparing proceeds with carrying amount. These are included in profit or loss. (p) Intangible Assets i) Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Group’s share of the net identifiable assets of the acquired business at the date of acquisition. Goodwill on acquisitions of businesses is included in intangible assets. Goodwill is not amortised. Instead, goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that it might be impaired and is carried at cost less accumulated impairment losses. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units for the purpose of impairment testing. ii) Patents, Trademarks and Other Rights Patents, Trademarks and Other Rights have a finite useful life and are carried at cost less accumulated amortisation. Amortisation is calculated using the straight-line method to allocate the cost of the patents, trademarks, and other rights over their useful life of 25 years. (q) Trade and Other Payables These amounts represent liabilities for goods and services provided to the Group prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables are presented as current liabilities unless payment is not due within 12 months after the reporting period. They are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest method. (r) Borrowings Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in the consolidated statement of comprehensive income over the period of the borrowings using the effective interest method. Borrowings are classified as current liabilities unless, at the end of the reporting period, the Group has a right to defer settlement of the liability for at least 12 months after the reporting period. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 51 (s) Provisions Provisions for legal claims, product warranties and make good are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognised for future operating losses. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. The Group recognises the present value of the estimated costs that may be incurred in restoring leased premises to their original condition at the end of the respective lease terms as a provision for make good. The costs are recognised as the obligation is incurred either at commencement of the lease or as a consequence of using the asset and are included in the cost of the right of use assets. This estimate is reviewed at each reporting date after assessing factors such as lease status, commercial terms, probability of incurring make good costs; and adjusted for any known changes in the initial cost estimate. Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense. (t) Employee Benefits i) Short-Term Obligations Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. ii) Other Long-Term Employee Benefit Obligations The liabilities for long service leave and annual leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. They are therefore recognised in the provision for employee benefits and measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the end of the reporting period of government bonds with terms and currencies that match, as closely as possible, the estimated future cash outflows. Re-measurements as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss. The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur. iii) Share Based Payments Share based compensation benefits are provided to employees via the Beacon Lighting Long Term Incentive Plan. Information relating to this scheme is set out in the Remuneration Report and Note 27. The fair value of performance rights and options granted under the plan are recognised as an employee benefit expense over the period during which the employees become unconditionally entitled to the rights with a corresponding increase in equity. The total amount to be expensed is determined by reference to the fair value of the rights granted, which includes any market performance conditions and the impact of any non-vesting conditions but excludes the impact of any service and non-market performance vesting conditions. Non-market vesting conditions are included in assumptions about the number of rights that are expected to vest which are revised at the end of each reporting period. The impact of the revision to original estimates, if any, is recognised in the consolidated statement of comprehensive income, with a corresponding adjustment to equity. The fair value is measured at grant date and the expense recognised over the life of the plan. The fair value is determined using a Black-Scholes pricing model that takes into account the exercise price, the term of the right, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk-free interest rate for the term of the rights. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 52 (u) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the taxation authority. In this case it is recognised as part of the cost of acquisition of the asset or as part of the expense. Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables in the consolidated balance sheet. Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the taxation authority, are presented as operating cash flows. (v) Store Opening Costs Non-capital costs associated with the setup of a new store are expensed in the period in which they are incurred. (w) Dividends Provision is made for the amount of any dividends declared, determined or publicly recommended by the Directors on or before the end of the financial period but not distributed at balance date. (x) Contributed Equity Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. (y) Earnings per Share i) Basic Earnings Per Share Basic earnings per share is determined by dividing net profit after income tax attributable to members of the Group, excluding any costs of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding during the financial period, adjusted for bonus elements in ordinary shares issued during the period and excluding treasury shares. ii) Diluted Earnings Per Share Diluted earnings per share adjusts the figure used in the determination of basic earnings per share to take into account the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares (including performance rights) and the weighted average number of shares assumed to have been issued for no consideration in relation to dilutive potential ordinary shares. (z) Rounding Amounts The Group has relied on the relief provided by ASIC Corporations Instrument 2016/191, and in accordance with that Instrument, amounts in the financial statements have been rounded off to the nearest thousand dollars, or in certain cases, to the nearest dollar. aa) Parent Entity Financial Information The financial information for the parent entity, Beacon Lighting Group Limited, disclosed in Note 37 has been prepared on the same basis as the consolidated financial report, except as set out below. i) Investments in Subsidiaries Investments in subsidiaries are accounted for at cost in the financial report of Beacon Lighting Group Limited. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 53 2. FINANCIAL RISK MANAGEMENT The consolidated entity is exposed to a variety of financial risks comprising: • Market risk • Credit risk and • Liquidity risk Risk management is carried out under policies approved by the Chief Executive Officer. The Group’s activities expose it to a variety of financial risks: market risk (including foreign currency risk), credit risk and liquidity risk. The Group’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of the Group. The Group may use derivative financial instruments such as foreign exchange contracts and interest rate swaps to hedge certain risk exposures. Derivatives are exclusively used for hedging purposes, i.e. not as trading or other speculative instruments. The Group uses different methods to measure different types of risk to which it is exposed. These methods include sensitivity analysis in the case of for eign exchange risks and ageing analysis for credit risk. The Group holds the following financial instruments: Consolidated Entity FY2026 $’000 FY2025 $’000 FINANCIAL ASSETS Cash and cash equivalents 44,230 45,222 Trade and other receivables 11,200 11,296 Other financial assets at amortised cost 10,000 10,000 Derivative financial instruments 244 - 65,674 66,518 FINANCIAL LIABILITIES Trade and other payables 26,220 31,296 Borrowings 25,448 23,087 Derivative financial instruments - 77 Lease liabilities 145,723 141,271 197,391 195,731 (a) Market Risk Foreign Exchange Risk The Group operates internationally and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the USD. Foreign exchange risk arises when future commercial transactions and recognised financial assets and financial liabilities are denominated in a currency that is not the entity’s functional currency. The risk is measured using sensitivity analysis and cash flow forecasting. The Group hedges its foreign exchange risk exposure arising from future commercial transactions and recognised assets and liabilities using forward contracts. The Group has a policy of hedging 100% of the Group’s stock on hand which is purchased in USD and sold in AUD. The Group can also lock in a forward position for this foreign exchange exposure for a period of up to 12 months. Inventory purchases in other currencies are insignificant. At 28 June 2026 the average term of outstanding foreign exchange contracts was six weeks with an average forward rate for AUD/ USD of 0.7204. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 54 The Group holds the following foreign exchange derivatives: Consolidated Entity FY2026 $’000 FY2025 $’000 Forward exchange contracts - buy cash flow hedges (notional amount) 5,669 15,765 Amounts recognised in profit or loss and other comprehensive income During the period, the following gains were recognised in profit or loss and other comprehensive income in relation to forward exchange contracts and interest rate swaps. Consolidated Entity FY2026 $’000 FY2025 $’000 Gain recognised in other comprehensive income (net of tax) 321 (103) Group Sensitivity At 28 June 2026, 22.7% (2025: 68.6%) of Beacon Lighting Group’s short term borrowings are hedged using forward exchange contracts. The sensitivity of profit or loss to changes in the exchange rates arises mainly from USD denominated financial instruments and the impact on other components of equity arises from foreign forward exchange contracts designated as cash flow hedges. Inventory purchases in other currencies are insignificant. Consolidated Entity — Impact on Other Components of Equity FY2026 $’000 FY2025 $’000 Forward exchange contracts USD / AUD exchange rate – increase 10% (567) (1,576) USD / AUD exchange rate – decrease 10% 567 1,576 Effects of hedge accounting on the financial position and performance Consolidated Entity FY2026 $’000 FY2025 $’000 Forward exchange contracts Carrying amount – (liability) / asset 244 (77) Notional amount 5,669 15,765 Maturity date August 2026 September 2025 Hedge ratio 1:1 1:1 Intrinsic value of outstanding hedging instruments 244 (77) Weighted average strike rate for the period USD $0.6905 : AUD $1 USD $0.6524 : AUD $1 a) Credit Risk Credit risk is managed on a Group basis. Credit risk arises from cash and cash equivalents, favourable derivative financial instruments and deposits with banks as well as credit exposures to wholesale and retail customers, including outstanding receivables and committed transactions. Individual credit limits are set based on internal or external ratings in accordance with limits set by the Board. The compliance with credit limits by wholesale, retail and trade customers is regularly monitored by line management. Sales to retail customers are required to be settled in cash or using major credit cards, mitigating credit risk. There are no significant concentrations of credit risk, whether through exposure to individual customers, specific industry sectors and/or regions. An analysis of trade receivables is disclosed in Note 9. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 55 b) Liquidity Risk Financing Arrangements The Group had access to the following financing facilities at the end of each reporting period: Consolidated Entity FY2026 $’000 FY2025 $’000 FLOATING RATE – TOTAL FACILITIES Overdraft 500 500 Trade finance facility 10,000 10,000 Interchange facility 25,500 25,500 Asset finance facility 4,000 4,000 Loan facility – multi currency 3,837 4,123 Loan facility – floating rate 15,000 15,000 FLOATING RATE – TOTAL UNDRAWN FACILITIES Overdraft 500 500 Trade finance facility 10,000 10,000 Interchange facility 1,604 2,413 Asset finance facility 4,000 4,000 Loan facility – multi currency 3,837 4,123 Loan facility – floating rate 15,000 15,000 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 56 Maturities of Financial Liabilities The tables below analyse the Group’s financial liabilities into relevant maturity groupings based on their contractual maturities and, for certain derivatives, the remaining period to the expected settlement date. The amounts disclosed in the table are the contractual undiscounted cash flows. Contractual maturities of financial liabilities include lease liabilities. Consolidated Entity Less Than 12 months $’000 Between 1 and 5 Years $’000 Over 5 Years $’000 Total Contractual Cash Flow $’000 Carrying Amount $’000 At 28 June 2026 NON-DERIVATIVES Trade and other payables 26,220 - - 26,220 26,220 Borrowings 25,720 - - 25,720 25,448 Lease liabilities 38,342 105,554 26,257 170,153 145,723 Total non-derivatives 90,282 105,554 26,257 222,093 197,391 DERIVATIVES Forward exchange contracts (244) - - (244) (244) Net settled (cash flow hedges) (244) - - (244) (244) At 29 June 2025 NON-DERIVATIVES Trade and other payables 31,296 - - 31,296 31,296 Borrowings 23,359 - - 23,359 23,087 Lease liabilities 36,038 101,630 31,319 168,987 141,270 Total non-derivatives 90,693 101,630 31,319 223,642 195,653 DERIVATIVES Forward exchange contracts 77 - - 77 77 Net settled (cash flow hedges) 77 - - 77 77 c) Fair Value Measurements Fair Value Hierarchy AASB 13 requires disclosure of fair value measurements by level of the following fair value measurement hierarchy: (a) quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1); (b) inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly (level 2); and (c) inputs for the asset or liability that are not based on observable market data (unobservable inputs) (level 3). The following table presents the Group’s financial assets and financial liabilities measured and recognised at fair value at 28 June 2026, on a recurring basis. At 28 June 2026 Level 2 $’000 Total $’000 Derivatives used for hedging - Net Position 244 244 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 57 The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined using valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. All of the resulting fair value adjustments are included in level 2 and the adjustments are all based on valuations provided by third party banking institutions. There has been no change in valuation techniques during the period. There are no financial assets and liabilities in Level 1 and Level 3, and there are no transfers between the levels. 3. SEGMENT INFORMATION Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker for Beacon Lighting Group Limited and its controlled entities (the Group), is the Chief Executive Officer (CEO). The Group determines operating segments based on information provided to the CEO in assessing performance and determining the allocation of resources within the Group. Consideration is given to the manner in which products are sold, nature of the products supplied, the organisational structure and the nature of customers. Reportable segments are based on the aggregated operating segments determined by the manner in which products are sold, similarity of products, nature of the products supplied, the nature of customers, the methods used to distribute the product and materiality. The Group purchases goods mainly in USD for sales predominantly into Australia. The Group’s one reportable segment is the selling of light fittings, fans, electrical accessories and ener gy efficient products. 4. REVENUE FROM CONTRACTS WITH CUSTOMERS AND OTHER REVENUE The Group derives revenue from the transfer of goods and services over time and at a point in time as follows: • Sale of Goods - point in time. • Interest Income - point in time. • Franchise Royalty Fees - point in time. Consolidated Entity FY2026 $’000 FY2025 $’000 From Ordinary Activities Sale of goods 340,024 328,918 Other Revenue Franchise fees 419 509 340,443 329,427 5. OTHER INCOME Consolidated Entity FY2026 $’000 FY2025 $’000 Interest Income 1,879 1,903 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 58 6. EXPENSES Consolidated Entity FY2026 $’000 FY2025 $’000 (a) Profit before income tax includes the following specific expenses: Depreciation Furniture, fittings and equipment and buildings 7,552 6,704 Right of use assets 31,127 28,939 Motor vehicles 394 418 Amortisation Patents, trademarks and other rights 20 20 Finance costs Interest and finance charges paid/payable 9,441 8,836 Net (profit)/loss on disposal of property, plant and equipment 106 24 Employee benefits 87,638 84,379 (b) Net Foreign Exchange Gains and Losses Net foreign exchange (gains)/losses recognised in profit before income tax for the period (as either other income or expense) 112 (51) 7. INCOME TAX EXPENSE Consolidated Entity FY2026 $’000 FY2025 $’000 (a) Income Tax Expense Current tax 11,561 12,790 Deferred tax 114 386 Adjustments for current tax of prior periods (215) (392) 11,460 12,784 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 59 Deferred income tax (revenue) included in income tax expense comprises (Note 15): Consolidated Entity FY2026 $’000 FY2025 $’000 Decrease / (Increase) in deferred tax assets (114) (372) (Decrease) / increase in deferred tax liabilities - (14) (114) (386) Consolidated Entity FY2026 $’000 FY2025 $’000 (b) Numerical reconciliation of income tax expense to prima facie tax payable Profit from continuing operations before income tax expense 38,451 42,152 Tax at the Australian tax rate of 30% (2025: 30%) 11,535 12,646 Tax effect of amounts which are not deductible in calculating taxable income: Entertainment 47 54 Sundry items (122) 84 Income tax expense 11,460 12,784 8. CASH AND CASH EQUIVALENTS Consolidated Entity FY2026 $’000 FY2025 $’000 Cash at bank and in hand 44,230 45,222 (a) Classification as Cash Equivalents Term deposits are presented as cash equivalents if they have a maturity of three months or less from the date of acquisition and are repayable with 24 hours notice with no loss of interest. Risk Exposure The Group’s and the parent entity’s exposure to interest rate risk is discussed in Note 2. 9. TRADE AND OTHER RECEIVABLES Consolidated Entity FY2026 $’000 FY2025 $’000 Trade receivables (a) 10,463 10,022 Provision for impairment of receivables (b) (151) (415) Net amounts receivable from customers 10,312 9,607 Amount receivable from associate 100 1,040 Other debtors (c) 788 649 11,200 11,296 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 60 (a) Ageing of Trade Receivables Trade receivables ageing analysis at period end is: Consolidated Entity FY2026 $’000 FY2025 $’000 Not past due 9,597 9,041 Past due 31-60 days 523 - Past due 61-90 days 140 140 Past due more than 91 days 203 841 10,463 10,022 (b) Provision for Impairment of Receivables Trade receivables are non-interest bearing with terms that vary between 30 and 60 days end of month. The Group applies the AASB 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over a period of 36 months before 28 June 2026 or 29 June 2025 respectively and the corresponding historical credit losses experienced within this period. The historical loss rates are adjusted to reflect current and forward looking information on macroeconomic factors affecting the ability of the customers to settle the receivables. On that basis, the loss allowance as at 28 June 2026 and 29 June 2025 was determined as follows for both trade receivables: 28 June 2026 Current 31-60 days past due 61-90 days past due More than 90 days past due Total Expected loss rate - - 5.0% 70.9% - Gross carrying amount - trade receivables ($’000) 9,597 523 140 203 10,463 Loss allowance ($’000) - - 7 144 151 29 June 2025 Current 31-60 days past due 61-90 days past due More than 90 days past due Total Expected loss rate - - 5.0% 48.5% - Gross carrying amount - trade receivables ($’000) 9,041 - 140 841 10,022 Loss allowance ($’000) - - 7 408 415 Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Group, and a failure to make contractual payments for a period of greater than 120 days past due. Impairment losses on trade receivables are presented as net impairment losses within operating profit. Subsequent recoveries of amounts previously written off are credited against the same line item. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 61 (c) Other Debtors These amounts generally arise from transactions outside the usual operating activities of the Group. Interest may be charged at commercial rates where the terms of repayment exceed six months. Collateral is not normally obtained. As at 28 June 2026, other debtors substantially related to loans to the related party the Large Format Property Fund. Details regarding the interest rate and repayment terms of the loan are outlined in Note 32 Related Party Transactions. Foreign Exchange and Interest Rate Risk Information about the Group’s exposure to foreign currency risk and interest rate risk in relation to trade and other receivables is set out in Note 2. 10. INVENTORIES Consolidated Entity FY2026 $’000 FY2025 $’000 Inventory at lower of cost and net realizable value 96,401 97,061 Goods in transit - at cost 4,648 4,354 101,049 101,415 Inventory Finance The Group utilises inventory finance facilities to fund inventory. The term of the facility is two years. Inventory Expense Inventories recognised as expense during the 52 week period ended 28 June 2026 and included in cost of sales of goods amounted to $106,704,862 (2025: $101,697,000). Write-downs of inventories to net realisable value recognised as an expense during the 52 week period ended 28 June 2026 amounted to $453,871 (2025: $199,585). Included in the valuation of inventory is a provision for stock obsolescence of $2,235,537 (2025: $2,689,408). Critical Accounting Judgements, Estimates and Assumptions The provision for stock obsolescence assessment requires a degree of estimation and judgement. The level of the provision is assessed by taking into account the recent sales experience, the ageing of inventories and other factors that affect stock obsolescence. 11. OTHER FINANCIAL ASSETS Consolidated Entity FY2026 $’000 FY2025 $’000 Term Deposit 10,000 10,000 12. OTHER CURRENT ASSETS Consolidated Entity FY2026 $’000 FY2025 $’000 Prepayments 2,981 2,024 Other current assets 632 354 3,613 2,378 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 62 13. PROPERTY , PLANT AND EQUIPMENT Consolidated Entity Furniture, Fittings and Equipment $’000 Vehicles $’000 Land and Buildings $’000 Total $’000 Period ended 29 June 2025 Opening net book amount 43,412 1,601 1,544 46,557 Additions 9,906 604 - 10,510 Disposals (62) (24) - (86) Depreciation charge (6,678) (418) (26) (7,122) Closing net book amount 46,578 1,763 1,518 49,859 At 29 June 2025 Cost 96,141 4,538 1,673 102,352 Accumulated depreciation (49,563) (2,775) (155) (52,493) Net book amount 46,578 1,763 1,518 49,859 Period ended 28 June 2026 Opening net book amount 46,578 1,763 1,518 49,859 Additions 11,858 356 - 12,214 Disposals (1,383) (94) - (1,477) Depreciation charge (7,526) (394) (26) (7,946) Closing net book amount 49,527 1,631 1,492 52,650 At 28 June 2026 Cost 105,631 4,320 1,673 111,624 Accumulated depreciation (56,104) (2,689) (181) (58,974) Net book amount 49,527 1,631 1,492 52,650 14. INVESTMENT IN ASSOCIATES ACCOUNTED FOR USING THE EQUITY METHOD Consolidated Entity FY2026 $’000 FY2025 $’000 Shares in associates at carrying amount at start of period 24,686 20,059 Conversion of loans in associates to units 1,058 3,938 Acquisitions of units in associates 3,250 700 Cash distributions received (597) (402) Net Share of associates profit / (Losses) 1,081 391 Carrying amount at end of period 29,478 24,686 Refer to Note 33(b) for details of the Group’s associates. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 63 15. DEFERRED TAX ASSETS Consolidated Entity FY2026 $’000 FY2025 $’000 Gross Deferred Tax Assets The balance comprises temporary differences attributable to: Employee benefits 2,894 2,749 Inventory 1,637 1,934 Debtor provision 21 98 Fixed assets 1,230 1,230 Marketing fund - 30 Lease liabilities 43,717 42,384 Other provisions/accruals 1,371 1,722 Total deferred tax assets 50,870 50,147 Gross Deferred Tax Liabilities Right of use asset 37,719 36,780 Total deferred tax liabilities 37,719 36,780 Movements in Net Deferred Tax Assets Opening balance 13,366 12,980 Charged/(credited) to the consolidated statement of comprehensive income (Note 7) 114 386 Net deferred tax assets 13,480 13,366 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 64 16. INTANGIBLE ASSETS Consolidated Entity Goodwill $’000 Patents, Trademarks and Other Rights $’000 Total $’000 Period ended 29 June 2025 Opening net book amount 13,828 100 13,928 Additions - - - Amortisation charge for the period - (20) (20) Closing net book amount 13,828 80 13,908 At 29 June 2025 Cost 13,828 500 14,328 Accumulated amortisation - (420) (420) Net book amount 13,828 80 13,908 Period ended 28 June 2026 Opening net book amount 13,828 80 13,908 Additions 765 - 765 Amortisation charge for the period - (20) (20) Closing net book amount 14,593 60 14,653 At 28 June 2026 Cost 14,593 500 15,093 Accumulated amortisation - (440) (440) Net book amount 14,593 60 14,653 The prior period acquisition accounting was finalised in the prior period and there were no changes to the amounts previously r eported. (a) Impairment Tests for Goodwill Goodwill is allocated to the Group’s one operating segment unit being the selling of light fittings, fans and energy efficient products (refer Note 3). The recoverable amount is determined based on value-in-use calculations. These calculations use cash flow projections based on financial budgets approved by management covering a five-year period. (b) Key Assumptions Used For Value-In-Use Calculations Gross Margin 2026 % Gross Margin 2025 % Growth Rate 2026 % Growth Rate 2025 % Discount Rate 2026 % Discount Rate 2025 % Key assumptions 71.8 67.7 3.0 3.0 9.2 11.1 Management determined gross margin based on past performance and its expectations for the future. The weighted average growth rates used are consistent with forecasts included in industry reports. Management has considered reasonably possible changes in the key assumptions used in the value-in-use calculations and has not identified any reasonably possible change that would cause a material impact in the carrying amount of the Group’s cash generating units or operating segment. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 65 17. TRADE AND OTHER PAYABLES Consolidated Entity FY2026 $’000 FY2025 $’000 Trade payables 14,449 15,110 Customer deposits 4,654 4,557 Sundry creditors 6,796 11,232 Marketing fund - 100 Other payables 321 297 26,220 31,296 (b) Fair Value Trade payables are unsecured and are usually paid within 30 days of recognition. The carrying amounts of trade and other payables are assumed to be the same as their fair values, due to their short-term nature. 18. CURRENT BORROWINGS Consolidated Entity FY2026 $’000 FY2025 $’000 Secured Interchange facility (a) 25,448 23,087 (a) Interchange Facility The Group utilises the interchange facility to fund inventory and other activities of the Group. The total available facility is $25,500,000. The interest rate is the base rate plus a margin for the drawing term. The term of the facility is two years and was entered into during FY2026. Risk Exposures Details of the Group’s exposure to risks arising from current and non-current borrowings are set out in Note 2. Information about the Group’s exposure to interest rate and foreign exchange risk is provided in Note 2. Secured Liabilities and Asset Security The Group’s liabilities are secured by general security agreements and a deed of cross guarantee and indemnity over certain entities within the Group. Under the letter of offer the security arrangements cover entities that generate a minimum 85% EBITDA and hold a minimum 85% total assets. Compliance with Covenants Under the terms of the major borrowing facilities the Group is required to comply with the following financial covenants: • The debt to EBITDA ratio is not more than 2.25:1. • The fixed charge cover ratio is not less than 1.5:1. • The borrowing base is not more than 50%. • The distribution does not exceed 70% of NPAT. The Group has complied with the financial covenants of its borrowing facilities during the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 66 19. CURRENT PROVISIONS Consolidated Entity FY2026 $’000 FY2025 $’000 Employee benefits (a) 8,856 8,512 Warranty provision (b) 2,413 1,937 Trade loyalty provision (c) 2,246 2,113 Make good provision (d) 26 26 Other provisions (d) 35 131 13,576 12,719 (a) Employee Benefits The current provision for employee benefits includes accrued annual leave and long service leave. For long service leave it covers all unconditional entitlements where employees have completed the required period of service and also those where employees are entitled to pro-rata payments in certain circumstances. The entire amount of the provision is presented as current, since the Group does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the Group does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months. The following amounts reflect leave that is not expected to be taken or paid within the next 12 months. Consolidated Entity FY2026 $’000 FY2025 $’000 Leave obligations not expected to be settled within 12 months 5,810 5,406 (b) Warranty Provision The Group generally offers different warranties on different products. Provision is made for estimated warranty claims in respect of products sold which are still under warranty at the end of the reporting period. These claims are expected to be settled in the next financial period. Management estimates the provision based on historical warranty claim information and any recent trends that may suggest claims could differ from historical amounts. Critical Accounting Judgements, Estimates and Assumptions: Factors that could impact the estimated claim information include the success of the Group’s product and quality initiatives, as well as parts and labour costs. If claim costs differ by 10% from management’s estimates, the warranty provision would be an estimate $179,000 (2025: $194,000) higher or lower. Movement in Warranty Provision Consolidated Entity FY2026 $’000 FY2025 $’000 Carrying amount at the start of the period 1,937 2,148 Charged/(credited) to profit or loss - amount incurred and charged 476 (211) Carrying amount at end of period 2,413 1,937 (c) Trade Loyalty Provision Provision is made for trade loyalty expense. The trade loyalty provision relates to the accumulation of award points for purchases which entitle the Trade Club members to discounts on future purchases. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 67 Consolidated Entity FY2026 $’000 FY2025 $’000 Carrying amount at the start of the period 2,113 1,962 Charged/(credited) to profit or loss - amount incurred and charged 133 151 Carrying amount at end of period 2,246 2,113 (d) Other Provisions Provision is made for make good expense and fringe benefit tax payable at the end of the reporting period. Movements in Other Provisions Consolidated Entity FY2026 $’000 FY2025 $’000 Carrying amount at the start of the period 157 156 Charged/(credited) to profit or loss - amount incurred and charged (96) 1 Carrying amount at end of period 61 157 20. CURRENT TAX LIABILITIES Consolidated Entity FY2026 $’000 FY2025 $’000 Provision for income tax 1,843 2,005 21. NON-CURRENT PROVISIONS Consolidated Entity FY2026 $’000 FY2025 $’000 Employee benefits 800 647 Make Good 1,066 1,066 1,866 1,713 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 68 22. LEASES This note provides information for leases where the Group is a lessee. Amounts Recognised in the Balance Sheet The balance sheet shows the following amounts relating to leases: Consolidated Entity FY2026 $’000 FY2025 $’000 Right of use assets Buildings 125,729 121,249 125,729 121,249 Lease liabilities Current 31,625 29,508 Non-current 114,098 111,763 145,723 141,271 Amounts Recognised in the Statement of Profit or Loss Consolidated Entity FY2026 $’000 FY2025 $’000 Depreciation charge right of use assets Buildings 31,127 28,939 Lease liabilities Interest expense 7,644 6,883 Total cash outflows for leases for the period ended 28 June 2026 were $45,517,072 (2025: $42,394,771). Additions made to the right of use asset during the period were $24,673,501 (2025: $29,383,697). Critical Judgements in Determining the Lease Term In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). The assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment and that is within the control of the lessee. The lease term is reassessed if an option is actually exercised (or not exercised) or the Group becomes obliged to exercise (or not exercise) it. The assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this assessment, and that is within the control of the lessee. During the current financial period, the financial effect of revising lease terms to reflect the effect of exercising extension and termination options was an increase in recognised lease liabilities and right-of-use assets of $11,494,624. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 69 23. CONTRIBUTED EQUITY Consolidated Entity FY2026 FY2025 Number of ordinary shares, fully paid 229,342,146 228,656,060 Consolidated Entity FY2026 FY2025 Movements in ordinary share capital Balance at the beginning of the period 228,656,060 226,836,751 Dividend reinvestment plan share issue 686,086 1,819,309 229,342,146 228,656,060 Consolidated Entity FY2026 $’000 FY2025 $’000 Movements in ordinary share capital Balance at the beginning of the period 84,371 79,170 Dividend reinvestment plan share issue 2,059 5,201 Balance at the end of the period 86,430 84,371 Ordinary Shares Ordinary shares entitle the holder to participate in dividends and the proceeds on winding up of the Group in proportion to the number of and amounts paid on the shares held. All shares carry one vote per share. Ordinary shares have no par value and the Group does not have a limited amount of authorised capital. Capital Risk Management The Group’s objectives when managing capital are to safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of capital. Consistent with others in the industry, the Group monitors capital on the basis of the gearing ratio. This ratio is calculated as net debt (borrowings less cash) divided by total equity. The gearing ratio for FY2026 was (15.0%) (FY2025: (17.6%)). NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 70 24. RESERVES AND RETAINED PROFITS Consolidated Entity FY2026 $’000 FY2025 $’000 (a) Other reserves Cash flow hedges reserve 244 (77) Share based payment reserve 611 372 Foreign currency translation reserve 583 1,741 Treasury shares reserve (354) (353) Common control reserve (43,672) (43,672) Total Other Reserves (42,588) (41,989) Movement in cash flow hedges reserve Opening balance (77) 27 Revaluation (net of tax effect) 321 (104) Closing balance 244 (77) Movement in share-based payments reserve Opening balance 372 250 Transactions arising from share-based payments 239 122 Closing balance 611 372 Movement in foreign currency translation reserve Opening balance 1,741 1,551 Revaluation (net of tax effect) (1,158) 190 Closing balance 583 1,741 Movement in treasury shares reserve Opening balance (353) (353) Transactions arising from share-based payments (1) - Closing balance (354) (353) Movement in common control reserve Opening balance (43,672) (43,672) Closing balance (43,672) (43,672) Nature and Purpose of Other Reserves Cash Flow Hedges Reserve The hedging reserve is used to record gains or losses on a hedging instrument in a cash flow hedge that are recognised in other comprehensive income, as described in Note 1(n). Amounts are reclassified to profit or loss when the associated hedged transaction affects profit or loss. Share Based Payments Reserve The share-based payments reserve is used to recognise the grant date fair value of rights issued to employees but not exercised, and the grant date fair value of shares issued to employees. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 71 Foreign Currency Translation Reserve Exchange differences arising on translation of the foreign controlled entity are recognised in other comprehensive income and accumulated in a separate reserve within equity. The cumulative amount is reclassified to profit or loss when the net investment is disposed of. Treasury Shares Reserve This reserve is used to record the elimination of shares in Beacon Lighting Group held by the incentive plan trust entity on behalf of the participants of the Group’s incentive plan. Common Control Reserve This reserve is used to record the differences which may arise as a result of transactions with non-controlling interests that do not result in a loss of control. Consolidated Entity FY2026 $’000 FY2025 $’000 (b) Retained earnings Opening balance 140,228 128,817 Net profit for the period 26,991 29,368 Dividends paid (18,321) (17,957) Treasury share reserve (354) - Closing Balance 148,575 140,228 25. DIVIDENDS a) Ordinary Shares Consolidated Entity FY2026 $’000 FY2025 $’000 Final dividend for period ended 29 June 2025 of 3.9 cents (2024: 3.8 cents) per fully paid share 8,918 8,620 Interim dividend for period ended 28 June 2026 of 4.10 cents (2025: 4.10 cents) per fully paid share 9,403 9,337 Total dividends paid 18,321 17,957 Dividends paid in cash or satisfied by the issue of shares under the dividend reinvestment plan: Consolidated Entity FY2026 $’000 FY2025 $’000 Dividends paid in cash 16,262 12,756 Dividends satisfied by the issue of shares under the dividend reinvestment plan 2,059 5,201 18,321 17,957 b) Dividend Reinvestment Plan The Group Dividend Reinvestment Plan was suspended in February 2026. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 72 c) Dividends not recognised at the End of the Reporting Period Consolidated Entity FY2026 $’000 FY2025 $’000 In addition to the above dividends, since year end the Directors have recommended the payment of a final dividend of 3.4 cents per fully paid ordinary share (2025: 3.9 cents), fully franked based on tax paid at 30%. The proposed dividend is to be paid out of retained earnings at 28 June 2026, but not recognised as a liability at period end. 7,798 8,917 d) Franked Dividends The franked portions of the final dividends recommended after 28 June 2026 will be franked out of existing franking credits or out of franking credits arising from the payment of income tax in the 52 week period ended 28 June 2026. Consolidated Entity FY2026 $’000 FY2025 $’000 Franking credits available for subsequent reporting periods based on a tax rate of 30% (FY2025: 30%) 78,891 76,077 The above amounts represent the balance of the franking account as at the end of the reporting period, adjusted for: • Franking credits that will arise from the payment of the amount of the provision for income tax. • Franking debits that will arise from the payment of dividends recognised as a liability at the reporting date. • Franking credits that will arise from the receipt of dividends recognised as receivables at the reporting date. The consolidated amounts include franking credits that would be available to the parent entity if distributable profits of subsidiaries were paid as dividends. 26. KEY MANAGEMENT PERSONNEL DISCLOSURES Consolidated Entity FY2026 $ FY2025 $ Key management personnel compensation Short-term employee benefits 2,027,302 2,009,170 Post-employment benefits 139,100 149,259 Long-term benefits – movements in leave provisions 102,572 (1,474) Performance based cash benefits 202,054 236,520 Performance based share benefits 175,839 113,518 2,646,867 2,506,993 Detailed remuneration disclosures are provided in the Remuneration Report on pages 26 to 34. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 73 27. SHARE BASED PAYMENTS a. Fair Value of Performance Rights Granted Subject to meeting the relevant vesting conditions, shares will be issued at no cost to the executive. In the event an executive leaves the Group prior to the vesting date the options and performance rights will generally lapse. Participation in the plan is at the discretion of the Board and no individual has a contractual right to participate in the plan or to receive any guaranteed benefits. The number of performance rights to be granted is determined based on the average share price at 30 June (averaged over +/- 30 days). Consolidated Entity FY2026 FY2025 Number of performance rights granted 57,255 60,331 Fair value of performance rights at grant date $3.57 $2.42 b. Model Inputs for Performance Rights The fair value of the rights at the grant date was estimated using the Black Scholes Model which takes into account the share price at grant date, the impact of dilution (where material), expected price volatility of the underlying share, the expected dividend yield and the risk-free interest rate. The model inputs for the performance rights granted during the 52 weeks ended 28 June 2026 included: Consolidated Entity FY2026 FY2025 Exercise price $0.00 $0.00 Grant date 28 August 2025 22 August 2024 Share price at grant date $3.57 $2.42 Expected dividend yield 2.24% 3.34% The expected volatility of the Group’s shares and the risk free interest rate do not have a material impact on the fair value calculation of the performance rights granted. c. Expenses Arising from Share Based Payment Transactions Total expenses arising from share-based payment transactions recognised during the period as part of employee benefits expense were as follows: Consolidated Entity FY2026 $’000 FY2025 $’000 Performance rights and options issued under employee plans 189 114 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 74 28. EARNINGS PER SHARE Consolidated Entity FY2026 FY2025 Basic earnings per share - cents 11.79 12.91 Diluted earnings per share - cents 11.79 12.91 Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share 228,956,621 227,423,543 Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted earnings per share 228,956,621 227,423,543 29. REMUNERATION OF AUDITORS During the period the following fees were paid or payable for services provided by PricewaterhouseCoopers Australia, auditor of the parent entity. Consolidated Entity FY2026 $ FY2025 $ Audit and assurance services Audit and review of financial statements 369,500 355,100 Other Services Tax compliance services 34,500 48,600 Sustainability services 14,200 - Total remuneration of PwC 418,200 403,700 30. CONTINGENCIES There were no significant or material contingent liabilities including legal claims as at 28 June 2026 or 29 June 2025. 31. COMMITMENTS Significant capital expenditure contracted for at the end of the reporting period but not recognised as liabilities is $2.20m (2025: $3.75m). 32. RELATED PARTY TRANSACTIONS a) Subsidiaries Interests in subsidiaries are set out in Note 33. b) Key Management Personnel Disclosures relating to key management personnel are set out in Note 26. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 75 c) Transactions With Other Related Parties Consolidated Entity FY2026 $ FY2025 $ The following transactions occurred with related parties: Purchases of goods Purchases of goods and supply of services from other related parties 49,166 49,333 Other transactions Income received from other related parties 127,338 69,300 Rent and outgoings paid to other related parties (2,599,632) (1,954,403) Payments for equity interest in associate (3,250,000) (700,000) Loan to associate (118,151) (600,000) Cash distribution from interest in associate 596,970 402,010 Income from equity interest in associate 1,081,336 391,415 The Robinson family has a 100% interest as owner of the Heidelberg store leased by Beacon Lighting on arms length basis. The current rent is $218,534 per annum, increasing by 3% annually. The lease expired in 2024 and is being held over on month-to- month arrangement. The Robinson family has a 100% interest as owner of the Fyshwick store leased by Beacon Lighting on arms length basis. The current rent is $293,500 per annum increasing by 3% annually. The lease expired in 2024 and is being held over on a month-to- month arrangement. The Robinson family has a 100% interest as owner of the newly redeveloped Bendigo store leased by Beacon Lighting on arms length terms. The current rent is $251,815 per annum increasing by 3.5% annually. The lease expires 17 December 2031. These disclosures are made due to Beacon Lighting having obtained, at the time of listing, a waiver from Listing Rule 10.1 permitting the lease arrangements described above continuing without shareholder approval conditional on disclosure being made in the Annual Report as set out here. The Large Format Property Fund was established to acquire properties for the purpose of leasing them to Beacon Lighting and other large format retailers. The Beacon Lighting Group has invested $29,478,377 in this Fund (2025: $24,727,821). The Large Format Property Fund is currently 50% owned by the Beacon Lighting Group and 50% owned by Rebeach Pty Ltd which is controlled by the Robinson Family. At 28 June 2026, the Fund controls nine sub funds and had acquired nine properties. Farrlong Pty Ltd as trustee for the Bacalla Trust which is controlled by the Robinson Family owns 55% of the shares of Large Format Management Company Pty Ltd which is the trustee, property manager and fund manager of the Large Format Property Fund. The Beacon Lighting Group holds the remaining 45%. Accordingly, the Large Format Management Company Pty Ltd and the Large Format Property Fund are recognised at 28 June 2026 in the accounts of the Beacon Lighting Group as investments in associates applying the equity method of accounting rather than on a consolidated basis. The Large Format Property Fund has a 100% interest as owner of the Cannington store leased by Beacon Lighting on arms length terms. The current rent is $255,040 per annum increasing by 3% annually. The lease expires in 2027 with one further right of renewal for a period of five years. The Large Format Property Fund has a 100% interest as owner of the Modbury store leased by Beacon Lighting on arms length terms. The current rent is $228,532 per annum increasing by 3% annually. The lease expires in 2029 with one further right of renewal for a period of eight years. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 76 The Large Format Property Fund has a 100% interest as owner of the Traralgon store leased by Beacon Lighting on arms length terms. The current rent is $194,953 per annum increasing by 3% annually. The lease expires in 2029 with two further rights of renewal for a period of seven years. The Large Format Property Fund has a 100% interest as owner of the Southport store leased by Beacon Lighting on arms length terms. The current rent is $400,593 per annum increasing by 3% annually. The lease expires in 2030 with two further rights of renewal for a period of seven years. The Large Format Property Fund has a 100% interest as owner of the Auburn store leased by Beacon Lighting on arms length terms. The current rent is $422,560 per annum increasing by 3% annually. The lease expires in 2026 with three further rights of renewal for a period of seven years. The Large Format Property Fund has a 100% interest as owner of the Auburn offices leased by Beacon Lighting’s NSW Operations Division on arms length terms. The current rent is $91,425 per annum increasing 3% annually. The lease expires in 2026 with three further rights of renewal for a period of seven years. The Large Format Property Fund has a 100% interest as owner of the Auburn offices and warehouse leased by Beacon Lighting’s NSW Commercial Division on arms length terms. The current rent is $180,582 per annum increasing 3% annually. The lease expires in 2026 with three further rights of renewal for a period of seven years. d) Outstanding Balances As at 28 June 2026 the Large Format Property Fund owed the Group $100,000 (FY2025: $1,039,899). Interest is payable on the loan at a rate of BBSW plus 1.7% and repayment of the loan is at the discretion of the lender with at least 40 business days notice. No provisions for doubtful debts have been raised in relation to any outstanding balances, and no expense has been recognised in respect of bad or doubtful debts due from related parties. Interest accrued $8,032 (FY2025: $147,113). Consolidated Entity FY2026 $ FY2025 $ Movement in loan to associate Opening balance 1,039,899 4,050,786 Loans advanced 118,151 926,934 Loan converted to units in subfunds (1,058,050) (3,937,821) Closing balance 100,000 1,039,899 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 77 33. SUBSIDIARIES a) Fully Owned Subsidiaries The consolidated financial report incorporates the assets, liabilities and results of the following principal subsidiaries in accordance with the accounting policy described in Note 1(c): Name of Entity Incorporation Shares 2026 % 2025 % Beacon Lighting Corporation Pty Ltd Australia Ordinary 100 100 Beacon Lighting Group Incentive Plan Pty Ltd Australia Ordinary 100 100 Brightlite Unit Trust Australia Ordinary 100 100 Beacon Lighting Wholesalers Unit Trust Australia Ordinary 100 100 Beacon Lighting Franchising Unit Trust Australia Ordinary 100 100 Tanex Unit Trust Australia Ordinary 100 100 Enviro Renew Pty Ltd Australia Ordinary 100 100 Manrob Investments Pty Ltd Australia Ordinary 100 100 Masson Manufacturing Pty Ltd Australia Ordinary 100 100 Beacon Property Company Pty Ltd Australia Ordinary 100 100 Light Source Solutions New Zealand Limited New Zealand Ordinary 100 100 Beacon Lighting Europe GmbH Germany Ordinary 100 100 Beacon Lighting Corporation USA Inc. United States Ordinary 100 100 Beacon Lighting America Inc. United States Ordinary 100 100 Beacon Lighting Solutions (Zhongshan) Co. Ltd China Ordinary 100 100 Beacon International Limited Hong Kong Ordinary 100 100 Beacon Lighting International Hong Kong Ordinary 100 100 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 78 b) Interests in Associates Set out below are the associates of the Beacon Lighting Group which in the opinion of the Directors are material to the Group. The entities listed below have share capital consisting of ordinary shares and units issued which are held directly by the Beacon Lighting Group. The country of incorporation or registration is also their principal place of business and the proportion of ownership interest is the same as the proportion of voting rights held. Name of Entity Place of Incorporation Measurement Method 2026 % 2025 % Large Format Management Company Pty Ltd Australia Equity 45 45 Large Format Property Fund Pty Ltd Australia Equity 45 45 Large Format Property Fund Australia Equity 50 50 Large Format Property Subfund (Southport Nerang Road) Australia Equity 50 50 Large Format Property Subfund (Argyle Street) Australia Equity 50 50 Large Format Property Subfund (William Street) Australia Equity 50 50 Large Format Property Subfund (Parramatta Road) Australia Equity 50 50 Large Format Property Subfund (Bathurst) Australia Equity 50 50 Large Format Property Subfund (Modbury) Australia Equity 50 50 Large Format Property Subfund (Mildura) Australia Equity 50 50 Large Format Property Subfund (Noosa) Australia Equity 50 50 Large Format Property Subfund (Coffs Harbour) Australia Equity 50 50 The combined carrying value of the investment in associates at 28 June 2026 was $29,478,377 (FY2025: $24,685,464). NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 79 i) Summarised Financial Information for Associates The tables below provide summarised financial information for those associates that are material to the Group. The information disclosed reflects the amounts presented in the financial statements of the relevant associates and not Beacon Lighting Group Limited’s share of those amounts. LFMC (1) FY2026 $’000 LFMC (1) FY2025 $’000 LFPF (2) FY2026 $’000 LFPF (2) FY2025 $’000 Current assets Cash and cash equivalents 297 217 3,139 2,997 Trade and other receivables 50 32 18 - Other current assets 13 9 - - Total current assets 360 258 3,157 2,997 Non-current assets Property, plant and equipment - - 62,453 54,737 Total non-current assets - - 62,453 54,737 Total assets 360 258 65,610 57,734 Current liabilities Trade and other payables 8 2 392 338 Loan - - 6,520 8,197 Total current liabilities 8 2 6,912 8,535 Non-current liabilities Total non-current liabilities - - - - Total liabilities 8 2 6,912 8,535 Net assets 352 256 58,698 49,199 Equity Contributed equity 200 200 58,073 49,457 Retained earnings / Undistributed profits 152 56 625 (258) Total equity 352 256 58,698 49,199 (1) Large Format Management Company. (2) Large Format Property Fund. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 80 ii) Summarised Statement of Comprehensive Income for Associates Statement of Comprehensive Income LFMC FY2026 $’000 LFMC FY2025 $’000 LFPF FY2026 $’000 LFPF FY2025 $’000 Revenue 162 139 2,799 2,206 Other expenses (76) (85) (487) (951) Interest income 9 8 112 66 Depreciation and amortisation - - - - Interest expense - - (347) (594) Income tax expense - - - - (Loss) / Profit from continuing operations 95 62 2,077 727 (Loss) / Profit for the period 95 62 2,077 727 Other comprehensive income - - - - Total comprehensive income 95 62 2,077 727 34. EVENTS OCCURRING AFTER THE REPORTING PERIOD A fully franked dividend of $7,797,633 was declared on 26 August 2026. Other than the above, there has been no other matter or circumstance that has occurred subsequent to period end that has significantly affected, or may significantly affect, the operations of the Group, the results of those operations or the state of affairs of the Group or economic entity in subsequent financial periods. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 81 35. CASH FLOW INFORMATION (a) Reconciliation of Profit After Income Tax to Net Cash Inflow from Operating Activities Consolidated Entity FY2026 $’000 FY2025 $’000 Profit for the period 26,991 29,368 Depreciation 39,073 36,061 Net gain / (loss) on disposal of non-current assets 205 24 Amortisation 20 20 Share based payments 280 288 Net exchange differences 112 (51) Change in operating assets and liabilities: (Increase) decrease in receivables (844) 8 (Increase) decrease in inventories 367 (5,738) (Increase) decrease in deferred tax assets (114) (386) (Increase) decrease in other operating assets (853) (635) (Decrease) increase in payables (5,252) 4,506 (Decrease) increase in provision for income taxes payable (162) 146 (Decrease) increase in other provisions 1,010 360 Net cash inflow from operating activities 60,833 63,971 (b) Reconciliation of Liabilities Arising from Financing Activities Consolidated Entity Leases due within 1 year Leases due after 1 year Borrowings due within 1 year Borrowings due after 1 year Total Balance as at 30 June 2024 (27,947) (105,118) (24,160) - (157,225) Additions / (Cash Inflows) (31,316) (6,645) (59,673) - (97,634) Cash Outflows 29,755 - 60,746 - 90,501 Balance as at 29 June 2025 (29,508) (111,763) (23,087) - (164,358) Additions / (Cash Inflows) (34,379) (2,335) (53,292) - (90,006) Cash Outflows 32,262 - 50,931 - 83,193 Balance as at 28 June 2026 (31,625) (114,098) (25,448) - (171,171) 36. CRITICAL ACCOUNTING ESTIMATES The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas that involve a higher degree of judgement or complexity, and items which are more likely to be materially adjusted due to estimates and assumptions turning out to be wrong are detailed in Note 10, 19 and 22. The Group has assessed the calculation of inventory valuation provisions, warranty provision, make good provision and lease liabilities to be critical accounting estimates. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 82 37. PARENT ENTITY FINANCIAL INFORMATION a) Summary Financial Information The individual financial report for the parent entity shows the following aggregate amounts: Parent Entity FY2026 $’000 FY2025 $’000 Assets Current assets 44,944 59,399 Non-current assets 88,775 88,799 Total assets 133,719 148,198 Liabilities Current liabilities 2,006 2,277 Total liabilities 2,006 2,277 Net assets 131,713 145,921 Equity Contributed equity 110,550 108,688 Reserves 610 568 Retained profits 20,553 36,665 Total equity 131,713 145,921 Profit / (Loss) for the period 2,337 2,718 Total comprehensive income 2,337 2,718 b) Contingent Liabilities of the Parent Entity The parent entity did not have any contingent liabilities as at 28 June 2026 or 29 June 2025. 38. DEED OF CROSS GUARANTEE Beacon Lighting Group Limited and Beacon Lighting Corporation are parties to a deed of cross guarantee under which each Group guarantees the debts of the others. By entering into the deed, the wholly owned entities have been relieved from the requirement to prepare a financial report and directors’ report under ASIC Corporations Instrument 2016/914 issued by the Australian Securities and Investment Commission. The above companies represent a closed Group for the purposes of the Class Order, and as there are no other parties to the deed of cross guarantee that are controlled by Beacon Lighting Group Limited, they also represent the extended closed Group. Set out below is a consolidated income statement, a consolidated statement of comprehensive income and a summary of movements in consolidated retained earnings for the 52 weeks ended 28 June 2026 of the closed Group consisting of Beacon Lighting Group Limited and Beacon Lighting Corporation. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 83 Consolidated Statement of Comprehensive Income of the Closed Group Closed Group FY2026 $’000 FY2025 $’000 Distribution income 42,310 45,884 General and administration expenses (5,423) (5,102) Profit before income tax 36,887 40,782 Income tax expense (11,254) (12,269) Profit for the period attributable to the members of the closed Group 25,633 28,513 Total comprehensive income for the period attributable to the members of the closed Group 25,633 28,513 Consolidated Balance Sheet of the Closed Group Closed Group FY2026 $’000 FY2025 $’000 Current assets Cash and cash equivalents 6,563 8,311 Trade and other receivables 100 1,040 Other current assets 4 1 Related party receivables 108,669 104,923 Total current assets 115,336 114,275 Non-current assets Deferred tax assets 13,225 13,162 Investment in subsidiaries 100,113 95,319 Total non-current assets 113,338 108,481 Total assets 228,674 222,756 Current liabilities Trade and other payables 15 76 Provisions 1,130 1,059 Current tax liabilities 1,133 1,685 Total current liabilities 2,278 2,820 Non-current liabilities Provisions 3,860 3,425 Total non-current liabilities 3,860 3,425 Total liabilities 6,138 6,245 Net assets 222,536 216,511 Equity Contributed equity 86,193 84,330 Other reserves (9,921) (6,898) Retained earnings 146,264 139,079 Total equity 222,536 216,511 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the 52 weeks ended 28 June 2026 and the 52 weeks ended 29 June 2025 — Beacon Lighting Group and its controlled entities
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 84 CONSOLIDATED ENTITY DISCLOSURE STATEMENT Basis of preparation The consolidated entity disclosure statement has been prepared in accordance with the Corporations Act 2001 and includes information for each entity that was part of the consolidated entity as at the end of the financial year in accordance with AASB 10 Consolidated Financial Statements. Name of Entity Type of Entity % Share Capital Place of Business / Country of Incorporation Australian or Foreign Resident Foreign Jurisdiction of Foreign Residents Beacon Lighting Group Limited Body Corporate n/a Australia Australian n/a Beacon Lighting Corporation Pty Ltd Body Corporate 100 Australia Australian n/a Beacon Lighting Group Incentive Plan Trust Trust n/a n/a Australian n/a Beacon Lighting Group Incentive Plan Pty Ltd (Trustee) Body Corporate 100 Australia Australian n/a Brightlite Unit Trust Trust n/a n/a Australian n/a Brightlite Nominees Pty Ltd (Trustee) Body Corporate 100 Australia Australian n/a Beacon Lighting Wholesalers Unit Trust Trust n/a n/a Australian n/a Beacon Lighting Wholesale Pty Ltd (Trustee) Body Corporate 100 Australia Australian n/a Beacon Lighting Franchising Unit Trust Trust n/a n/a Australian n/a Beacon Lighting Franchising Pty Ltd (Trustee) Body Corporate 100 Australia Australian n/a Tanex Unit Trust Trust n/a n/a Australian n/a Tanex Pty Ltd (Trustee) Body Corporate 100 Australia Australian n/a Enviro Renew Pty Ltd Body Corporate 100 Australia Australian n/a Manrob Investments Pty Ltd Body Corporate 100 Australia Australian n/a Masson Manufacturing Pty Ltd Body Corporate 100 Australia Australian n/a Beacon Property Company Pty Ltd Body Corporate 100 Australia Australian n/a Light Source Solutions New Zealand Limited Body Corporate 100 New Zealand Foreign New Zealand Beacon Lighting Europe GmbH Body Corporate 100 Germany Foreign Germany Beacon Lighting Corporation USA Inc. Body Corporate 100 USA Foreign USA Beacon Lighting America Inc. Body Corporate 100 USA Foreign USA Beacon Lighting Solutions (Zhongshan) Co. Ltd Body Corporate 100 China Foreign China Beacon International Limited Body Corporate 100 Hong Kong Foreign Hong Kong Beacon Lighting International Body Corporate 100 Hong Kong Foreign Hong Kong
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 85 DIRECTORS’ DECLARATION In the opinion of the Directors: • The Financial Statements and notes are in accordance with the Corporations Act 2001, including: complying with Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements; and giving a true and fair view of the consolidated entity’s financial position as at 28 June 2026 and of its performance for the 52 weeks ended on that date. • There are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. • The consolidated entity disclosure statement is true and correct. • At the date of this declaration, there are reasonable grounds to believe that the members of the extended closed Group identified in Note 38 will be able to meet any obligations or liabilities to which they are, or may become, subject by virtue of the deed of cross guarantee described in Note 38. • Note 1(a) confirms that the financial statements also comply with International Financial Reporting Standards as issued by the International Accounting Standards Board. • The Directors have been given the declarations by the Chief Executive Officer and Chief Financial Officer required by section 295A of the Corporations Act 2001 (Cth). This declaration is made in accordance with a resolution of the Directors.Ian Robinson Executive Chairman Glen Robinson Chief Executive Officer Melbourne, 27 August 2026
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 86
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 87 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BEACON LIGHTING GROUP LIMITED PricewaterhouseCoopers, ABN 52 780 433 757 2 Riverside Quay, SOUTHBANK VIC 3006, GPO Box 1331 MELBOURNE VIC 3001 T: +61 3 8603 1000, F: +61 3 8603 1999, www.pwc.com.au pwc.com.au Liability limited by a scheme approved under Professional Standards Legislation. Independent auditor’s report To the members of Beacon Lighting Group Limited Report on the audit of the financial report Our opinion In our opinion, the accompanying financial report of Beacon Lighting Group Limited (the Company) and its controlled entities (together the Group) is in accordance with the Corporations Act 2001, including: a) giving a true and fair view of the Group’s financial position as at 28 June 2026 and of its financial performance for the period 30 June 2025 to 28 June 2026; and b) complying with Australian Accounting Standards and the Corporations Regulations 2001. What we have audited The financial report comprises: • the consolidated balance sheet as at 28 June 2026; • the consolidated statement of comprehensive income for the period 30 June 2025 to 28 June 2026; • the consolidated statement of changes in equity for the period 30 June 2025 to 28 June 2026; • the consolidated statement of cash flows for the period 30 June 2025 to 28 June 2026; • the notes to the consolidated financial statements, including material accounting policy information and other explanatory information; • the consolidated entity disclosure statement as at 28 June 2026; and • the directors’ declaration.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 88 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence We are independent of the Group in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional & Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (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. Our audit approach An audit is designed to provide reasonable assurance about whether the financial report is free from material misstatement. Misstatements may arise due to fraud or error. They are considered material if individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report. We tailored the scope of our audit to ensure that we performed enough work to be able to give an opinion on the financial report as a whole, taking into account the geographic and management structure of the Group, its accounting processes and controls and the industry in which it operates. Audit Scope Our audit focused on where the Group made subjective judgements; for example, significant accounting estimates involving assumptions and inherently uncertain future events. In establishing the overall approach to the group audit, we determined the type of work that needed to be performed by us, as the group auditor.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 89 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 for the current period. The key audit 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. Further, any commentary on the outcomes of a particular audit procedure is made in that context. We communicated the key audit matter to the Audit Committee. Key audit matter How our audit addressed the key audit matter Existence and valuation of inventory (refer to note 10) $ 101m Inventory management is a key business process for the Group. Inventory represents a significant asset on the consolidated balance sheet at $101m. The inventory is held at Group managed and third party distribution centres in Australia and overseas, within stores or in transit to those locations. Inventory is valued at the lower of cost or net realisable value. This valuation is determined net of a provision, which is applied where the Group believes there is risk that the costs incurred in buying and preparing inventory for sale will not be realised through sale. This provision is made by the Group throughout the period based on identified slow moving and obsolete inventory. We consider this is a key audit matter due to the: • Financial significance of the inventory balance in the consolidated balance sheet. • Judgement required by the Group to determine which costs should be included in the cost of inventory. • Judgement required by the Group to estimate future selling prices to determine the net realisable value of inventory on hand. We developed an understanding of the relevant controls over inventory. We performed the following procedures, amongst others: • Traced a sample of inventory items from the Group’s inventory listing back to original invoices and shipping documents. • Performed a manual recalculation of the system weighted average cost calculation on a sample of inventory. • Re-performed a sample of inventory counts at selected locations that included attendance at the Group’s distribution centres and stores. • Inspected a sample of inventory items selling price during July 2026 to determine whether items sold below costs were included in the Group’s inventory net realisable value provision at balance sheet date. • Re-performed tests on a sample basis to evaluate the reliability and relevance of underlying data used to calculate the inventory obsolescence provision. • Evaluating the reasonableness of the Group’s disclosures in the financial report considering the requirement of the Australian Accounting Standards.
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 90 Other information The directors are responsible for the other information. The other information comprises the information included in the Annual Report for the period 30 June 2025 to 28 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 through our opinion on the financial report. We have issued a separate opinion on the remuneration report. 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 on the other information that we obtained prior to the date of this auditor’s report, 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 the financial report in accordance with Australian Accounting Standards and the Corporations Act 2001, including giving a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of the financial report that is free from material 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,
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 91 individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report. A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: https://auasb.gov.au/media/bwvjcgre/ar1_2024.pdf. This description forms part of our auditor’s report. Report on the remuneration report Our opinion on the remuneration report We have audited the remuneration report included in the directors’ report for the period 30 June 2025 to 28 June 2026. In our opinion, the remuneration report of Beacon Lighting Group Limited for the period 30 June 2025 to 28 June 2026 complies with section 300A of the Corporations Act 2001. Responsibilities The directors of the Company 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. PricewaterhouseCoopers Matthew Probert Melbourne Partner 27 August 2026
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 92 SHAREHOLDERS’ INFORMATION In accordance with Section 4.10 of the Australian Stock Exchange Limited Listing Rules, the Directors provide the following information. a) Distribution of Shareholders At 28 June 2026, the distribution of shareholdings was as follows: Size of Shareholding Number of Shareholders 1 – 1,000 626 1,001 – 5,000 670 5,001 – 10,000 389 10,001 – 100,000 666 Over 100,000 75 Total number of shareholders 2,426 b) Substantial Shareholdings The number of shares held by the substantial shareholders listed in the Company’s register of substantial shareholders as at 28 June 2026 were: Shareholder Number of Shares % Held Heystead Nominees Pty Ltd (plus Robinson family members) 126,961,006 55.36%
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 93 c) Class of Shares and Voting Rights At 28 June 2026, there were 2,426 holders of ordinary shares of the Company. All of the issued shares in the capital of the parent entity are ordinary shares and each shareholder is entitled to one vote per share. Twenty Largest Shareholders as at 28 June 2026 Rank Name Units % Units 1 Heystead Nominees Proprietary Limited 126,124,405 54.99% 2 HSBC Custody Nominees (Australia) Limited 22,608,617 9.86% 3 Citicorp Nominees Pty Limited 20,642,951 9.00% 4 J P Morgan Nominees Australia Pty Limited 13,179,335 5.75% 5 BNP Paribas Noms Pty Ltd 5,446,675 2.37% 6 Reliable Business Co Ltd 1,964,420 0.86% 7 Mr Spencer Ritchey Kulp + Mr Brian Walter Kulp 1,004,000 0.44% 8 Certane Ct Pty Ltd 782,759 0.34% 9 Banjo Superannuation Fund Pty Ltd 657,000 0.29% 10 Netwealth Investments Limited 369,567 0.16% 11 Friday Investments Pty Ltd 350,450 0.15% 12 Mr James Eric Barr & Mrs Jillian Barr 312,029 0.14% 13 Jigway Pty Ltd 305,000 0.13% 14 HGT Investments Pty Ltd 302,274 0.13% 15 D & G Ritchie Super Pty Ltd 300,000 0.13% 16 Mr Neil Osborne 300,000 0.13% 17 Palm Beach Nominees Pty Limited 300,000 0.13% 18 Mr Alistair Campbell 298,000 0.13% 19 JJG Equities Pty Ltd 295,988 0.13% 20 Javelin Super Fund Pty Limited 292,764 0.13% Total 20 holders of issued capital 195,836,234 85.39% Total remaining holders balance 33,505,912 14.61% Total shareholders 229,342,146 100.00%
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 94 Executive Chairman Chief Executive Officer Independent Deputy Chairman/Non-Executive Director Independent Non-Executive Director Executive Director Independent Non-Executive Director COMPANY SECRETARY David Speirs REGISTERED OFFICE Level 1, 295 Whitehorse Road, Nunawading 3131 Victoria LEGAL ADVISORS Baker & McKenzie, Level 19, 181 William Street, Melbourne, Victoria AUDITORS PricewaterhouseCoopers, 2 Riverside Quay, Southbank, Victoria SHARE REGISTRY Computershare Investor Services Pty Limited, Yarra Falls, 452 Johnston Street, Abbotsford, Victoria STOCK EXCHANGE LISTING Beacon Lighting Group Limited (BLX) shares are listed on the ASX beaconlightinggroup.com.au beaconlighting.com.au beacontrade.com.au beaconlighting.eu beaconlighting.us beaconlightingcommercial.com.au beaconinternational.com connectedlightsolutions.com.au customlighting.com.au fanaway.com imaginesmartlighting.com lightsourcesolutions.com.au lucciair.com madebymayfair.com mammothfans.com.au massonforlight.com.au CORPORATE DIRECTORY DIRECTORS Ian Robinson: Glen Robinson: Eric Barr: Neil Osborne: Prue Robinson: Daniel Palumbo: COMPANY SECRETARY David Speirs REGISTERED OFFICE Level 1, 295 Whitehorse Road, Nunawading 3131 Victoria LEGAL ADVISORS Baker & McKenzie, Level 19, 181 William Street, Melbourne, Victoria AUDITORS PricewaterhouseCoopers, 2 Riverside Quay, Southbank, Victoria SHARE REGISTRY Computershare Investor Services Pty Limited, Yarra Falls, 452 Johnston Street, Abbotsford, Victoria STOCK EXCHANGE LISTING Beacon Lighting Group Limited (BLX) shares are listed on the ASX WEBSITES Corporate site: Retail site: Trade site:
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 95 STORE LOCATIONS VIC Abbotsford 250 Hoddle St Ballarat Wendouree Homemaker Centre 333 Gillies St Balwyn North 304 Doncaster Rd Bayswater 216 Canterbury Rd Bayswater Nth Bendigo 285 High St Kangaroo Flat Burwood 110 Burwood Hwy Chirnside Park Showroom Centre 286 Maroondah Hwy Coburg Lincoln Mills Homemaker Centre 64-74 Gaffney St Craigieburn 440 Craigieburn Rd Cranbourne 1280 Thompson Rd Essendon 120 Bulla Rd Strathmore Fountain Gate Casey Lifestyle Centre 430 Princes Hwy Frankston 22 McMahons Rd Geelong 365-455 Melbourne Rd Hawthorn 291 Burwood Rd Heidelberg 2-4 Dora St Hoppers Crossing 283 Old Geelong Rd Maribyrnong Harvey Norman Centre 169 Rosamond Rd Melton 2269 Melton Hwy Mentone 27-29 Nepean Hwy Mildura 671 Fifteenth St Millers Junction 1 Plover Dr Moorabbin 867 Nepean Hwy Nunawading 295 Whitehorse Rd Oakleigh 1402-1404 Dandenong Rd Pakenham Lifestyle Centre 825 Princes Hwy Preston 23 Bell St Scoresby 1391 Ferntree Gully Rd Shepparton 130-160 Benalla Rd South Melbourne 50-56 York St South Morang 825 Plenty Rd St Kilda 366 St Kilda Rd Thomastown Homemaker Centre Cnr Dalton & Settlement Rds Traralgon 73 Argyle St Warrnambool 1-49 Raglan St Watergardens Homemaker Centre 440 Keilor-Melton Hwy Waurn Ponds Homemaker Centre 235 Colac Rd (Princes Hwy) NSW Albury Harvey Norman Centre 94 Borella Rd Alexandria Homemaker Centre Cnr O’Riordan & Doody St Artarmon Home HQ North Shore Cnr Reserve Rd & Frederick St Auburn 126-130 Parramatta Road Bankstown Home Central 9-67 Chapel Rd South Belrose Supa Centa Belrose 4-6 Niangala Cl Brookvale 577-579 Pittwater Rd Carlton 367 Princes Hwy Campbelltown Homebase 24 Blaxland Rd Camperdown 139-143 Parramatta Rd Castle Hill Home Hub Hills Cnr Victoria & Hudson Ave Chatswood 658 Pacific Highway Crows Nest 118 Falcon St Gladesville Wharf Square 8 Wharf Rd Gosford West Hometown 356 Manns Rd Gregory Hills Home Co Steer Rd Hornsby Cnr Pacific Hwy & Yardley Ave Waitara Kotara Kotara Home 108 Park Ave Lake Haven Home Mega Centre Lake Haven Drv Marsden Park Home Hub 9 Hollinsworth Rd McGraths Hill Home Central 264-272 Windsor Rd Mittagong Highlands Homemaker Centre 205 Old Hume Hwy Moore Park Supa Centa Moore Park Cnr Sth Dowling St & Todman Ave Penrith Homemaker Centre 2 Patty’s Place Port Macquarie 18 John Oxley Drive Port Stephens 60 Port Stephens Drive Prospect Taylors Beacon Homebase 19 Stoddart Rd
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 96 Rutherford Harvey Norman Centre 366 New England Hwy Shellharbour 146 New Lake Entrance Rd Taren Point 105 Parraweena Rd Tuggerah Super Centre Cnr Bryant Ave & Wynong Rd Tweed Heads 29-41 Greenway Dr Warners Bay Warners Bay Home 240 Hillsborough Rd Warrawong 1/30 Northcliffe Dr ACT Fyshwick 175 Gladstone St Gungahlin 14/5 Hibberson St NT Darwin Homemaker Village 356-362 Bagot Rd Millner TAS Devonport 6/4 Friend St Launceston 40 William St Moonah 7-9 Derwent Park Rd SA Churchill Churchill Centre South 252 Churchill Rd Kilburn Gepps Cross Home HQ 750 Main North Rd Melrose Park Melrose Plaza 1039 South Rd Mile End 121 Railway Tce Modbury 985 North East Rd Mt Barker 4/4 Dutton Rd Munno Para Harvey Norman Centre 600 Main North Rd Smithfield QLD Bundaberg 21 Johanna Bvd Bundall 61 Upton St Burleigh Heads Reedy Creek Road Cairns 331 Mulgrave Rd Cannon Hill Homemaker Centre 1881 Creek Rd Capalaba Freedom Home Centre 67 Redland Bay Rd Carseldine Homemaker Centre 1925 Gympie Rd Bald Hills Fortitude Valley Homemaker City North 111 McLachlan St Helensvale Homeworld 502 Hope Island Rd Hervey Bay 140 Boat Harbour Drv Ipswich Ipswich Riverlink Shopping Centre Cnr The Terrace & Downs St Jindalee Homemaker City 182 Sinnamon Rd Kawana 2 Eden St Minyama MacGregor 550 Kessels Rd Mackay 2/2 Heaths Rd Maroochydore Sunshine Homemaker Centre 72 Maroochydore Rd Morayfield Supa Centre 344 Morayfield Rd Noosa Noosa Civic Eenie Creek Rd North Lakes Prime Northlakes Cnr Lakes Dve & Mason St Pimpama Home Focus Pimpama 1 Nexus Dr Rockhampton Cnr Yaamba & Richardson Rds Southport Bunnings Complex 542 Olsen Ave Toowoomba Harvey Norman Centre 910 Ruthven St Townsville - Fairfield Homemaker Centre 1 D’Arcy Dr Townsville - Garbutt Mega Centre Cnr Dalrymple Rd & Duckworth St Underwood 34 Compton Rd Virginia 1860 Sandgate Road Windsor 190 Lutwyche Rd WA Armadale 1/1280 Armadale Rd Baldivis Safety Bay Rd Belmont 225 Great Eastern Hwy Bunbury Home Maker Centre 42 Strickland St Busselton 115 Strelly St Butler 220 Camborne Parkway Cannington 21 William St Claremont 201-207 Stirling Hwy Ellenbrook 180 The Promenade Jandakot South Central Cockburn 87 Armadale Rd Joondalup 3 Sundew Rise Malaga Home Centre 655 Marshall Rd Mandurah 430 Pinjarra Rd Midland Midland Central 4 Clayton St Myaree Melville Square 248 Leach Hwy Osborne Park Hometown 381 Scarborough Beach Rd
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BEACON LIGHTING GROUP ANNUAL REPORT 2026 PAGE 97