ANNUAL REPORT 2026 41 Consolidated statement of changes in equity For the year ended 30 June 2026 Issued capital Reserves Accumulated losses Total equity $ $ $ $ Balance at 1 July 2024 26,841,743 5,400,020 (27,190,133) 5,051,630 Loss after income tax expense for the year - - (4,845,671) (4,845,671) Other comprehensive income for the year, net of tax - - - - Total comprehensive income for the year - - (4,845,671) (4,845,671) Transactions with owners in their capacity as owners: Issue of Common Stock 3,445,465 - - 3,445,465 Share issue costs (520,157) 268,526 - (251,631) Transfer of fair value for expired options and performance shares - (2,459,261) 2,459,261 - Share based payments – vesting - 177,218 - 177,218 Balance at 30 June 2025 29,767,051 3,386,503 (29,576,543) 3,577,011 Issued capital Reserves Accumulated losses Total equity $ $ $ $ Balance at 1 July 2025 29,767,051 3,386,503 (29,576,543) 3,577,011 Loss after income tax expense for the year - - (6,557,243) (6,557,243) Other comprehensive income for the year, net of tax - - - - Total comprehensive income for the year - - (6,557,243) (6,557,243) Transactions with owners in their capacity as owners: Issue of Common Stock 10,594,050 - - 10,594,050 Share issue costs (1,446,666) 902,689 - (543,977) Transfer of fair value of exercised options 1,117,848 (1,117,848) - - Transfer of fair value of expired options - (842,483) 842,483 - Share based payments – vesting - 2,473,633 - 2,473,633 Balance at 30 June 2026 40,032,283 4,802,494 (35,291,303) 9,543,474 The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.
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