Interim report
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12 September 2025 Pyx Resources Limited ("PYX" or "the Company") Half-Year 2025 Results Announcement PYX Resources Ltd (PYX or the Company) (NSX: PYX | LSE: PYX), one of thelargest publicly listed zircon companies based on JORC compliant resources[1], reports its half-year results for the period ending 30 June 2025. The first half of the year was marked by an unprecedented regulatory shift in Indonesia that temporarily halted production and exports across the mineral sands sector and other industries. Operational and Regulatory Context During the first half, PYX's local subsidiaries, PT Investasi Mandiri and Tisma, received formal notification from the Provincial Department of Energy and Mineral Resources that their RKAB[2] (Work Plan and Budget) licenses for production operations have been suspended. This action applies to all zircon producers in Central Kalimantan. Fourteen (14) companies were notified. As a result, PYX's export licenses for zircon, ilmenite, and rutile have also been suspended. According to government statements, the move is driven by the need to address oversupply, improve market stability, and enhance regulatory oversight across multiple sectors - including coal, bauxite, nickel, and mineral sands, as well as palm oil and other commodities. In the first half of 2025, PYX did not undertake production activities. This decision was made in response to continued weakness in global mineral sands pricing; elevated operating costs, particularly from third-party contract mining arrangements; and a steep increase in regional royalties from approx. US$19 per tonne to US$59 per tonne, as announced by PYX on 28 February 2025. Compounding the disruption, PYX also received tax assessments totalling approximately US$2 million, which are currently under legal challenge. The Company confirms that its IUP license for the Mandiri deposit expired on 31 August 2025. Due to the current regulatory uncertainty, PYX has postponed the renewal of its license, resulting in a temporary suspension of operations at Mandiri. This development has had a direct and material impact on the Company's production and commercial activities. As a result of these external factors, PYX recorded disappointing performance for the period, and management has prioritized cost control and strategic mitigation efforts. Financial Performance Due to the suspension of operations and exports, PYX did not generate revenue during the first half of 2025. Nevertheless, the Company maintained its cash reserves and avoided incurring additional debts. HY 2025 HY2024 % change Zircon Produced - 4.5kt -100% Zircon Sales - 4.5kt -100% Total Mineral Sands Produced - 5.7kt -100%
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Total Mineral Sands Sold 1.0kt 9.5kt -89% US$ HY 2025 HY 2024 % change Sales revenue 256,094 8,830,830 -97% Cash cost of production (379,670) (6,404,685) 94% EBITDA (520,560) 22,824 -2381% EBIT (424,937) (128,255) -231% Net loss before tax (625,379) (136,124) -359% Net loss after tax (NLAT) (625,379) (136,124) -359% Underlying EBITDA (756,115) 731,996 -203% US$ At 30 Jun 2025 At 30 Jun 2024 % change Cash 5,052,892 7,569,323 -33% Total assets 87,729,772 98,836,428 -11% Total liabilities (9,904,830) (15,157,815) 35% In light of the ongoing regulatory uncertainty and operational suspension in Indonesia, PYX Resources has taken decisive steps to safeguard its financial position. Preserving cash remains paramount, and the Company has implemented strict cost controls while maintaining operational readiness across its sites. Management continues to explore strategic fundraising options to ensure liquidity and support future growth initiatives. These measures are essential to navigating the current environment and positioning PYX for a swift recovery once regulatory clarity is restored. PYX's Chairman and CEO Oliver Hasler commented: "PYX continues to believe in the long-term potential of the mineral sands sector. However, we are currently facing a number of complex regulatory and administrative challenges in Indonesia, including a steep increase in royalties, that need to be resolved before we can move forward with our project. The short-term market conditions are also affecting the general industry. I am proud about the strong support of the management to drastically adapt our cost structure to the actual difficult conditions." Indonesia's Minister of Energy and Mineral Resources (ESDM) has announced that the government will return to issuing RKAB starting in 2026.[3] *** ENDS *** For more information: PYX Resources Limited T: +61 2 8823 3132 E:ir@pyxresources.com Zeus (Broker) Harry Ansell / Katy Mitchell / Darshan Patel T: +44 (0)20 3 829 5000 This announcement is authorised for release by Oliver B. Hasler, Chairman and Chief Executive Officer. About PYX Resources PYX Resources Limited (NSX: PYX | LSE: PYX) is a producer of premium zircon dual listed on the National Stock Exchange of Australia and on the Main Market of the London Stock Exchange. PYX's key deposits, Mandiri and Tisma, are large-scale, near-surface open pit deposits both located in the alluvium-rich region of Central Kalimantan, Indonesia. PYX, whose Mandiri deposit has been in production since 2015, is the 3rd largest publicly
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traded producing mineral sands company by zircon resources globally. Determined to mine responsibly and invest in the wider communities where we operate, PYX is committed to fully developing its Mandiri and Tisma deposits, with the vision to consolidate the mineral sands resources in Kalimantan and explore and acquire mineral sands assets in Asia and beyond. CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE HALF-YEAR ENDED 30 JUNE 2025 Note Half-yearEnded30 June 2025 Half-year Ended30 June 2024 US$ US$ Revenue 2 256,094 8,830,830 Other income 26,871 - Cost of sales (558,621) (6,525,636) Selling and distribution expenses (5,023) (709,711) Corporate and administrative expenses (517,891) (1,120,213) Foreign exchange loss (25,080) (114,834) Share-based payment (1,576) (4,031) Gain/(Loss) on fair value change of financial instrument 104,278 (484,660) Finance costs (11,360) (7,869) Loss before income tax (732,308) (136,124) Income tax benefit - - Net loss for the period (732,308) (136,124) Other comprehensive income Items that will be reclassified subsequently to profit orloss when specific conditions are met Exchange differences on translating foreign operations, net of tax 106,929 (587,383) Total comprehensive loss for the period (625,379) (723,507) Net gain / (loss) attributable to: - owners of the Parent Entity 261,166 (717,250) - non-controlling interest (993,474) 581,126 (732,308) (136,124) Total comprehensive income attributable to: - owners of the Parent Entity 268,844 (683,604) - non-controlling interest (894,223) (39,903) (625,379) (723,507) Loss per share Basic loss per share (US$ cents per share) (0.16) (0.03) Diluted loss per share (US$ cents per share) (0.16) (0.03) The accompanying notes form part of these financial statements. CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT 30 JUNE 2025 Note As at30 June 2025 As at 31 December 2024 US$ US$ ASSETS CURRENT ASSETS
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CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT 30 JUNE 2025 Note As at30 June 2025 As at 31 December 2024 US$ US$ Cash and cash equivalents 5,052,892 5,008,389 Trade and other receivables 3 340,022 353,070 Advance to suppliers 30,773 30,900 Prepayments and deposits 100,956 118,449 Prepaid tax 882,129 886,004 Inventories 54,070 54,308 TOTAL CURRENT ASSETS 6,460,842 6,451,120 NON-CURRENT ASSETS Right of use assets 5,390 8,662 Property, plant and equipment 4 6,748,275 6,938,680 Deferred tax assets 926,703 930,775 Intangible assets 5 73,588,562 73,655,729 TOTAL NON-CURRENT ASSETS 81,268,930 81,533,846 TOTAL ASSETS 87,729,772 87,984,966 LIABILITIES CURRENT LIABILITIES Trade and other payables 1,572,674 1,205,107 Amount due to shareholders 6 5,656,349 5,362,559 Short term borrowings - 19,434 Other liabilities 2,675,807 2,934,666 TOTAL CURRENT LIABILITIES 9,904,830 9,521,766 TOTAL LIABILITIES 9,904,830 9,521,766 NET ASSETS 77,824,942 78,463,200 EQUITY Issued capital 7 105,772,830 105,787,285 Reserves 8 608,001 598,747 Accumulated losses (21,742,903) (22,004,069) Equity attributable to owners of the Parent Entity 84,637,928 84,381,963 Non-controlling interest (6,812,986) (5,918,763) TOTAL EQUITY 77,824,942 78,463,200 The accompanying notes form part of these financial statements. CONSOLIDATED STATEMENT OF CHANGES IN EQUITYFOR THE HALF-YEAR ENDED 30 JUNE 2025 Note OrdinaryShareCapital Share-basedpaymentreserve Accumulatedlosses Foreigncurrencytranslationreserve Optionsreserve Subtotal Non-controllingInterests Total US$ US$ US$ US$ US$ US$ US$ US$ Balance at 1January 2024 105,592,118 109,987 (20,758,040) 8,455 553,939 85,506,459 (1,383,370) 84,123,089 Comprehensiveincome Loss for theperiod - - (717,250) - - (717,250) 581,126 (136,124) Othercomprehensive - - - 33,646 - 33,646 (621,029) (587,383)
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income for theperiod Totalcomprehensiveincome for theperiod - - (717,250) 33,646 - (683,604) (39,903) (723,507) Transactionswith owners, intheir capacity asowners, andother transfers Shares issuedduring the period 378,605 (103,605) - - - 275,000 - 275,000 Share basedpayments - 4,031 - - - 4,031 - 4,031 Total transactionswith owners and other transfers 378,605 (99,574) - - - 279,031 - 279,031 Balance at 30June 2024 105,970,723 10,413 (21,475,290) 42,101 553,939 85,101,886 (1,423,273) 83,678,613 Balance at 1January 2025 105,787,285 14,444 (22,004,069) 30,364 553,939 84,381,963 (5,918,763) 78,463,200 Comprehensiveincome Gain/ (Loss) forthe period - - 261,166 - - 261,166 (993,474) (732,308) Othercomprehensiveincome for theperiod - - - 7,678 - 7,678 99,251 106,929 Totalcomprehensiveincome / (loss)for the period - - 261,166 7,678 - 268,844 (894,223) (625,379) Transactionswith owners, intheir capacity asowners, andother transfers Share issue costs (14,455) - - - - (14,455) - (14,455) Share basedpayments - 1,576 - - - 1,576 - 1,576 Total transactionswith owners and other transfers (14,455) 1,576 - - - (12,879) - (12,879) Balance at 30June 2025 105,772,830 16,020 (21,742,903) 38,042 553,939 84,637,928 (6,812,986) 77,824,942 CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE HALF-YEAR ENDED 30 JUNE 2025 Half-year Ended30 June 2025 Half-year Ended30 June 2024 US$ US$ CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 290,878 3,711,815 Payments to suppliers and employees (476,698) (4,926,171) Interest received 17 989 Finance costs (11,377) (8,858) Income taxesrefunded 22,825 31,023 Net cash used in operating activities (174,355) (1,191,202) CASH FLOWS FROM INVESTING ACTIVITIES
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Half-year Ended30 June 2025 Half-year Ended30 June 2024 US$ US$ Proceeds from sale of property, plant and equipment 67,086 - Purchase of property, plant and equipment (5,573) (657,301) Net cash provided by / (used) in investing activities 61,513 (657,301) CASH FLOWS FROM FINANCING ACTIVITIES Loans from shareholder 91,512 1,700,000 Receipts of employee loans - 248 Repayment of lease liabilities - (12,967) Net cash provided by financing activities 91,512 1,687,281 Net (decrease) / increase in cash held (21,330) 161,222 Cash and cash equivalents at beginning of period 5,008,389 7,828,906 Effect of foreign exchange rate changes 65,833 (98,361) Cash and cash equivalents at end of period 5,052,892 7,569,323 The accompanying notes form part of these financial statements. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE HALF-YEAR ENDED 30 JUNE 2025 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Basis of PreparationThese general purpose interim financial statements for half-year reporting period ended 30 June 2025have beenprepared in accordance with requirements of the Corporations Act 2001 and Australian Accounting Standard AASB134: Interim Financial Reporting. The Group is a for-profit entity for financial reporting purposes under AustralianAccounting Standards. This interim financial report is intended to provide users with an update on the latest annual financial statements ofPyx Resources Limited and its controlled entities (referred to as the"Consolidated Group"or"Group"). As such, itdoes not contain information that represents relatively insignificant changes occurring during the half-year within theGroup. It is therefore recommended that this financial report be read in conjunction with the annual financialstatements of the group for the year ended31December2024, together with any public announcements made duringthe following half-year. These interim financial statements were authorised for issue on11September2025. b. Going ConcernThe financial report has been prepared on a going concern basis, which assumes that the Group will continue in operation forthe foreseeable future. The Group has recorded a net loss of $732,308 (2024: $136,124), reported cash used in operating activities $174,355 (2024:$1,191,202) and as of 30 June 2025 cash and cash equivalents of $5,052,892 (2024: $5,008,389). The net assets of the Group asat 30 June 2025 were $77,824,942 (2024: $78,463,200) with a net current liability position of $3,443,988 (2024: $3,070,646). The directors have prepared a cash flow forecast for the period ending 30 September 2026. It is recognised that additionalfunding is required from shareholder loans for the Group to continue to actively explore its mineral properties and continuemining operations. The directors have reviewed the business outlook and the assets and liabilities of the Group and are of the opinion that the useof the going concern basis of accounting is appropriate. The following factors have been taken into consideration by thedirectors:• The shareholders have continued to provide funding for the daily operations of the Group to the date of these financialstatements;• The shareholder Edelweiss Partners Limited has indicated that they will not recall the loan amount of $3,000,000 asat the balance date until there is sufficient cash for the Group to pay back its debt; and,• The shareholder Edelweiss Partners Limited has also indicated that they will continue to support the Group throughshort-term cash borrowings whenever required for the period of 12 months from the date of this financial report. The Group acknowledge that the status of going concern relies on the ongoing support of the shareholder Edelweiss PartnersLimited and development of the Group's projects. Should the Group be unable to raise further debt be unable to continue tosupport the Group, there exists a material uncertainty which may cast significant doubt on the Group's ability to continue as agoing concern. The financial report does not include adjustments relating to the recoverability and classification of recorded asset amounts norto the amounts and classification of liabilities that might be necessary should the Group not continue as a going concern c. Accounting Policies
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The same accounting policies and methods of computation have been followed in this interim financial report as wereapplied in the most recent annual financial statements. The group has considered the implications of new or amended Accounting Standards, but determined that theirapplication to the financial statements is either not relevant or not material. i) Fair Value MeasurementWhen an asset or liability, financial or non-financial, is measured at fair value for recognition or disclosurepurposes, the fair value is based on the price that would be received to sell an asset or paid to transfer aliability in an orderly transaction between market participants at the measurement date; and assumes that thetransaction will take place either: in the principal market; or in the absence of a principal market, in the mostadvantageous market. Fair value is measured using the assumptions that market participants would use when pricing the asset orliability, assuming they act in their economic best interests. For non-financial assets, the fair valuemeasurement is based on its highest and best use. Valuation techniques that are appropriate in thecircumstances and for which sufficient data are available to measure fair value, are used, maximising the useof relevant observable inputs and minimising the use of unobservable inputs. Assets and liabilities measured at fair value are classified into three levels, using a fair value hierarchy thatreflects the significance of the inputs used in making the measurements. Classifications are reviewed at eachreporting date and transfers between levels are determined based on a reassessment of the lowest level ofinput that is significant to the fair value measurement. NOTE 2: REVENUE AND OTHER INCOME The group has recognised the following amounts relating to revenue in the statement of profit or loss. Half-year Ended30 June 2025Half-year Ended30 June 2024 US$ US$ Revenue from contracts with customers 256,094 8,830,830 Revenue from contracts with customers Revenue from contracts with customers represents the amounts received and receivable for production and distribution of premium zircon and concentrates and titanium dioxide. NOTE 3: TRADE AND OTHER RECEIVABLES Half-year Ended Year Ended 30 June 202531 December 2024 US$ US$ Trade receivables 71,451 105,879 Other receivables 22,622 1,937 GST/VAT receivable 245,949 245,254 Trade and other receivable 340,022 353,070 NOTE 4: PROPERTY, PLANT, AND EQUIPMENT Half-year Ended Year Ended 30 June 2025 31 December 2024 US$ US$ Land and Buildings Freehold land at cost 211,603 211,603 Translation (17,481) (16,628) Total land 194,122 194,975 Buildings at cost 1,915,340 1,915,340 Accumulated depreciation (417,185) (358,488) Translation (92,120) (89,185) Total buildings 1,406,035 1,467,667 Total land and buildings 1,600,157 1,662,642
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Half-year Ended Year Ended 30 June 2025 31 December 2024 US$ US$ Construction in Progress Construction in progress at cost 5,102,176 5,096,603 Translation (308,958) (287,925) Total Construction in Progress 4,793,218 4,808,678 Plant and Equipment Plant and equipment at cost 946,543 1,048,146 Accumulated depreciation (531,565) (577,698) Translation (84,787) (45,916) Total plant and equipment 330,191 424,532 Motor Vehicles Motor vehicles at cost 89,607 138,707 Accumulated depreciation (78,140) (108,208) Translation (994) (2,549) Total motor vehicles 10,473 27,950 Furniture and Fittings Furniture and fittings at cost 36,192 36,192 Accumulated depreciation (21,790) (21,094) Translation (166) (220) Total furniture and fittings 14,236 14,878 Total property, plant and equipment 6,748,275 6,938,680 NOTE 5: INTANGIBLE ASSETS Half-year Ended Year Ended 30 June 2025 31 December 2024 Goodwill: Cost 7,774 7,774 Accumulated impairment losses - - Net carrying amount 7,774 7,774 Mining License Renewal: Mining License Renewal: Cost 633,337 633,337 Accumulated amortization (319,001) (250,569) Translation 6,399 5,134 Net carrying amount 320,735 387,902 Exploration asset Cost 73,260,053 73,260,053 Net carrying amount 73,260,053 73,260,053 Total intangible assets 73,588,562 73,655,729 Goodwill Mining License Exploration asset Total US$ US$ US$ US$ Half-year ended 30 June 2025 Balance at the beginning of the year 7,774 387,902 73,260,05373,655,729
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Amortisation - (68,432) - (68,432) Translation - 1,265 - 1,265 Closing value at 30 June 2025 7,774 320,735 73,260,05373,588,562 NOTE 6: AMOUNT DUE TO SHAREHOLDERS Half-year Ended Year Ended 30 June 2025 31 December 2024 US$ US$ Cash deposit from shareholders 5,091,512 5,000,000 Share loan from share-provider 312,500 - Fees and interest payable to share-provider 252,337 362,559 5,656,349 5,362,559 - The Company received non-interest-bearing deposits of US$5,000,000 from two shareholders in 2024 and interest- bearing deposits of US$91,512 from another shareholder. Edelweiss Partners Limited has provided a letter of support to confirm they will not recall US$3,000,000 in the next 12 months and continue providing the Group with financial support. - On 26 December 2024, 8,333,334 shares valued at US$312,500 were subscribed by L1 Capital Global Opportunities Master Fund ("L1"). Instead of issuing new shares to L1, the Company entered into a share loan agreement with a share-provider on 27 December 2024 with a set-up fee of 5,000,000 shares of the Company and an interest rate of 8.5% per annum (payment in shares). - US$252,237 represents the total amount of share loan set up fees and interest payable to share-provider as of the 30 Jun 2025. NOTE 7: ISSUED CAPITAL Half-year Ended Half-Year Ended 30 June 2025 30 June 2024 No. of shares Contributed equity No. of Shares Contributed equity US$ US$ Ordinary Shares Beginning of the half-year 461,643,854 105,787,285 458,817161 105,592,118 Issued during the period - Issued share - - 2,706,693 275,000 - Employee share scheme - - 120,000 103,605 - Costs associated with shares issues - (14,455) - - At the end of the reporting period 461,643,854 105,772,830 461,643,854 105,970,723 At the shareholders' meetings, each ordinary share gives entitlement of one vote. NOTE 8: RESERVES Analysis of Reserves Half-year Ended Year Ended 30 June 202531 December 2024 US$ US$ Share-Based Payment Reserve At the beginning of the reporting period 14,444 109,987
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Share-based payments expense 1,576 8,062 Transfer of shares to employees - (103,605) Closing balance in share-based payment reserve 16,020 14,444 Options Reserve At the beginning of the reporting period 553,939 553,939 Options reserve - - Closing balance in options reserve 553,939 553,939 Foreign Currency Translation Reserve At the beginning of the reporting period 30,364 8,455 Exchange differences on translation of foreign operations 7,678 21,909 Closing balance in foreign currency translation reserve 38,042 30,364 Total 608,001 598,747 NOTE 9: SHARE-BASED PAYMENT PLANS No performance rights were granted to staff during the period. NOTE 10: SEGMENT INFORMATION The Group has recognised the following amounts relating to revenue in the statement of profit or loss. Note Half-year Ended30 June 2025Half-year Ended30 June 2024 US$ US$ Revenue from sales of premium zircon and concentrate - 7,622,095 Revenue from sales of titanium dioxide 256,094 1,208,735 256,094 8,830,830 NOTE 11: CONTINGENT LIABILITIES PT Investasi Mandiri has received tax assessments amounting to over USD1 million, which are being challenged through appropriate legal channels, with grounds of appeal already submitted to the court. Tax consultant is in an opinion that the potential outflow of resources and its timing are uncertain as tax cases might take a few years to a final assessment. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This Announcement contains forward-looking statements and forward-looking information within the meaning of applicable Australian and UK securities laws, which are based on expectations, estimates and projections as of the date of this Announcement. This forward-looking information includes, or may be based upon, without limitation, estimates, forecasts and statements as to management's expectations with respect to, among other things, the timing and amount of funding required to execute the Company's exploration, development and business plans, capital and exploration expenditures, the effect on the Company of any changes to existing legislation or policy, government regulation of mining operations, the length of timerequired to obtain permits, certifications and approvals, the success of exploration, development and mining activities, the geology of the Company's properties, environmental risks, the availability of labour, the focus of the Company in the future, demand and market outlook for precious metals and the prices thereof, progress in development of mineral properties, the Company's ability to raise funding privately or on a public market in the future, the Company's future growth, results of operations, performance, and business prospects and opportunities. Wherever possible, words such as "anticipate", "believe", "expect", "intend", "may" and similar expressions have been used to identify such forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and on information available to management at such time. Forward looking information involves significant risks, uncertainties, assumptions, and other factors that could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward- looking information. These factors, including, but not limited to, fluctuations in currency markets, fluctuations in commodity prices, the ability of the Company to access sufficient capital on favourable terms or at all, changes in national and local government legislation, taxation, controls, regulations, political or economic developments in Indonesia and Australia or other countries in which the Company does
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business or may carry on business in the future, operational or technical difficulties in connection with exploration or development activities, employee relations, the speculative nature of mineral exploration and development, obtaining necessary licenses and permits, diminishing quantities and grades of mineral reserves, contests over title to properties, especially title to undeveloped properties, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other geological data, environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding, limitations of insurance coverage and the possibility of project cost overruns or unanticipated costs and expenses, and should be considered carefully. Many of these uncertainties and contingencies can affect the Company's actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Prospective investors should not place undue reliance on any forward-looking information. Although the forward-looking information contained in this Announcement is based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. No stock exchange, regulation services provider, securities commission or other regulatory authority has approved or disapproved the information contained in this Announcement. [1]According to publicly available information during the financial year ended June 2023 [2]RKAB (Rencana Kerja dan Anggaran Biaya)is the mandatory annual work and budget plan required for mining operations in Indonesia. [3]Indonesia to reinstate RKAB system to tackle oversupply, market manipulation, Indonesia Business Post, July 3, 2025. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END