Announcement PDF ANNUAL REPORT 2025 Buru Energy Limited Annual Report For the year ended 31 December 2025 ABN 71 130 651 437 Buru recognises the Aboriginal People of this nation and their ongoing connection to culture and country. We acknowledge Aboriginal People as the Traditional Owners and Custodians of the world’s oldest living culture and pay respects to their Elders past, present and emerging. Aboriginal readers are warned that the following report may contain images of deceased persons. About this Report This 2025 Annual Report is a summary of Buru Energy’s operations, activities and financial position for the 12-month period ended 31 December 2025. In this report, unless otherwise stated, references to ‘Buru’, the ‘Company’, ‘we’, ‘us’ and ‘our’ refer to Buru Energy Limited and its subsidiaries. This report contains forward-looking statements. Please refer to page 2 which contains a notice in respect of these statements. All references to dollars, cents or $ in this document are to Australian currency, unless otherwise stated. An electronic version of this report is available on Buru’s website www.buruenergy.com. The 2025 Corporate Governance Statement can be viewed on our website on the Corporate Governance page. CORPORATE REGISTER Directors Mr David Maxwell Independent Non-Executive Chair Ms Joanne Williams Independent Non-Executive Director Mr Malcolm King Independent Non-Executive Director Chief Executive Officer Mr Thomas Z Nador Company Secretary Mr Paul Bird Registered and Principal Office Address: Level 2, 16 Ord Street, West Perth WA 6005 Telephone: +61 (08) 9215 1800 Email: info@buruenergy.com Website: www.buruenergy.com Share Registry: MUFG Corporate Markets Address: Level 12, QV1 Building 250 St Georges Terrace, Perth WA 6000 Telephone: +61 (08) 9262 6700 Email: info@mpms.mufg.com Website: https://www.mpms.mufg.com Auditors: KPMG Address: 235 St George’s Terrace, Perth WA 6000 Stock Exchange: Australian Securities Exchange Address: Exchange Plaza, 2 The Esplanade, Perth WA 6000 ASX Code: BRU Current Issued Capital Fully paid ordinary shares 1,002,408,773 Unlisted share options 112,033,334 Unlisted employee performance rights 2,600,000 Trading History Share price range during 2025 $0.016 to $0.057 Liquidity (annual turnover as % of average issued capital) 35.10% Average number of shares traded per day ~1.245 million 1 BURU ENERGY LTD - ANNUAL REPORT 2025 About Buru Energy 3 Chair's and Chief Executive Officer’s Message 4 Review of Operations 6 Directors’ Report 17 Remuneration Report 26 Auditor’s Independence Declaration 33 Consolidated Statement of Financial Position 34 Consolidated Statement of Comprehensive Income or Loss 35 Consolidated Statement of Changes in Equity 36 Consolidated Statement of Cash Flows 37 Notes to the Financial Statements 38 Consolidated Entity Disclosure Statement  68 Directors’ Declaration 69 Independent Auditor’s Report 70 Additional ASX Information 75 CONTENTS Disclaimer and Forward-Looking Statements This report contains forward-looking statements that are subject to risk factors associated with the oil and gas industry. All statements in this Report regarding forward plans, forecasts and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Forward looking statements are based on management’s current expectations and reflect judgments, assumptions, estimates and other information available as at the date of this document, and are subject to known and unknown risks and significant uncertainties, many of which are outside the control of Buru. Actual results, performance, actions, and developments by Buru may differ materially from those expressed or implied by the forward-looking statements in this Report. Except as required by applicable law or the Australian Securities Exchange (ASX) Listing Rules, Buru disclaims any obligation or undertaking to publicly update any forward-looking statements. 2 BURU ENERGY LTD - ANNUAL REPORT 2025 Who we are Buru Energy Limited (ASX:BRU; “Buru” or “the Company”) is a Western Australian energy company focused on exploration and production of gas and oil resources in Australia. The Company is headquartered in Perth with a regional operational office in Broome. What we do The Company’s current primary focus is the development and commercialisation of the Rafael Gas Project, based on its wholly owned and operated conventional gas and condensate discovery located in the Canning Basin in the southwest Kimberley region of Western Australia. Buru also operates the conventional Ungani Oilfield, and a basin wide portfolio of exploration permits and licences prospective for conventional and unconventional hydrocarbon resources with working interests ranging from 60% to 100%. Our Purpose To bring energy resource developments to life in a way that creates long term value for our shareholders, the communities and Traditional Owners of the lands on which we operate, our employees, joint venture partners and other stakeholders. Our vision The Company’s vision is to be a valued Australian energy company, committed to business and financial success, that has a positive impact on society and the environment. ABOUT BURU ENERGY 3 BURU ENERGY LTD - ANNUAL REPORT 2025 Dear Shareholders, 2025: From Strategy to Execution In 2025 we have pursued the implementation of the necessary and disciplined reset of our corporate trajectory which was defined and communicated in 2024. We began the year with a clear plan: to transform Buru Energy from a diverse explorer into a targeted developer of the only proven significant conventional gas discovery in the Canning Basin - the Rafael Gas Project. The Project includes the production of small- scale LNG for the existing and growing Northern Western Australia market. During 2025 we have streamlined our portfolio, secured a world-class development partner, and cleared the primary regulatory hurdles required to prepare the Rafael Gas Project for a Final Investment Decision (FID) targeted for the second half of 2026. The Rafael Gas Project: De-Risking Path to Production The signing of the Strategic Development Agreement (SDA) with Clean Energy Fuels Australia (CEFA) in April 2025 was a key milestone for Buru. This partnership materially enables the Rafael development by leveraging CEFA’s expertise, assets and capital whilst retaining upside value for Buru shareholders. Under the agreement, CEFA will finance, build, and operate the midstream infrastructure—including the LNG and condensate facilities—while Buru retains 100% of the upstream interest. By reducing Buru’s Rafael funding requirements to primarily the planned 2026 appraisal program, we have significantly reduced our capital exposure while maintaining the lion's share of the project's value and upside. We are working toward a phased development that targets first gas and long-term cash flows by 2028, whilst also providing a cost-effective solution to a strategically important portion of Western Australia's tightening domestic gas market. Operational Excellence and Regulatory Momentum In the past year Buru has "cleared the deck" in preparation for the 2026 drilling campaign. We successfully secured: - a 2-year extension for our Production Licence application, providing the necessary runway to finalise the Rafael resource validation; - key environmental approvals from the Western Australia Government for the 2026 drilling program, including the Rafael 2H (formerly Rafael B) well; and - technical validation of the Rafael 3D seismic data, which has confirmed our confidence in the core Rafael resource and importantly also identified the high-potential Flying Fox prospect, adding significant "near-field" upside to our Canning Basin hub. Integrated Energy and Strategic Divestments To help ensure every dollar of shareholder capital is directed toward our core value-driver, we completed the divestment of our Battmin assets to Sipa Resources Limited and 2H Resources to Koloma Australia Pty Ltd by mid-2025. While we remain believers in the future of these business lines, they are better placed with specialist operators. The divestment terms provided both immediate cash and long-term potential upside and ensure Buru remains a "pure play" on the massive potential of the Canning Basin. Chair’s and Chief Executive Officer’s Message BURU ENERGY LTD - ANNUAL REPORT 2025 4 Our People: a Lean, High-Performance Culture Following the "right-sizing" of our organisation in late 2024, 2025 was a year of stabilisation and focus on performance. We have successfully cultivated a "lean-core" model - maintaining a small, highly expert internal team while leveraging strategic partnerships for specialised technical, commercial and corporate needs. This model has allowed us to remain agile and keep overheads low whilst ensuring we retain the deep institutional and geological knowledge of the Canning Basin that is one of Buru’s competitive advantages. We thank our staff for their resilience and commitment during this transition. The "can-do" spirit of the Buru team is what allows us to punch well above our weight. It is this team that will deliver Buru’s future. Governance and Stakeholder Engagement Transparency and accountability are the cornerstones of how we interact with the capital markets, our local communities and other stakeholders. The Board’s focus has been on strategic risk management, particularly in navigating the CEFA partnership and the divestment of non-core assets. The key business decisions were made through a lens of maximizing shareholder medium and long-term value and cost prudence whilst strictly adhering to the ASX Corporate Governance Principles. Our relationship with the Traditional Owners of the lands on which we operate remains a highly valued and key priority. We continue to engage in proactive, respectful dialogue to ensure that the development of the Rafael Project provides tangible, long-term benefits to the local communities through employment opportunities and business support. Financial Discipline We have remained steadfast in our commitment to capital discipline. Following the 40% headcount reduction and $3 million G&A savings initiated in late 2024, we further rationalized our acreage in 2025, surrendering non-core permits to reduce holding costs by 60%. The successful $4.4 million capital raise through our Placement and Share Purchase Plan (SPP) in late 2025 was a clear vote of confidence from the market. These funds have provided the working capital necessary to maintain momentum as we move through our global process to secure upstream funding for the estimated circa $40 million 2026 Rafael appraisal program. We are mindful of the significant and long-term value of the Rafael Gas Project and the relatively short time frame to first production and cash flow. Therefore, our objective with respect to financing is to retain as much project equity as possible for the benefit of Buru shareholders. A Vision for 2026 and Beyond The Canning Basin is increasingly recognised as a vital pillar of Western Australia’s energy security. The recent EPA recommendations for neighbouring hydrocarbon projects in the region further validates our long- held view that this basin will become a Tier-1 energy province. As we look toward 2026, our priorities are clear: - Partnering: finalise the global search for upstream funding to support the planned 2026 Rafael appraisal drilling program, whilst retaining as much value as possible for Buru shareholders; - Drilling: execute the Rafael 2H well and Rafael 1 recompletion and flow tests to convert our contingent resources into certified reserves; - Approvals: secure environmental and heritage approvals for the Rafael Gas Project, and - FID: reach a Final Investment Decision (FID) targeted for H2 2026 to unlock the Rafael Gas Project execution phase. The Board and Management is very conscious that the Buru share price does not reflect the value of the Rafael Gas Project and subsequent growth opportunities. We are confident the successful delivery of the Project and long-term material cash flow will result in a very significant increase in shareholder value. Conclusion We thank our Directors, our dedicated team, the Western Australia Government, the Traditional Owner partners and other service providers for their collaboration and support during this transformative year. Most importantly, we thank you, our shareholders, for your patience and support. Buru Energy is leaner, more focused, and closer to production and significant long-term cashflow than at any point in its history. We are no longer just exploring for "what might be"—we are building the foundation for "what will be." David P Maxwell Independent Non-Executive Chair 20 March 2026 Thomas Z Nador Chief Executive Officer 20 March 2026 Chair’s and Chief Executive Officer’s Message 5 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS 6 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS Rafael conventional gas and condensate discovery flow testing 2022 Exploration and Appraisal Rafael Gas Project (EP 428 – Buru 100% and Operator) The development of the Rafael Gas Project (Rafael) represents the most valuable opportunity within Buru’s portfolio, as the significant long-term cash flow that can be generated from Rafael gas and condensate production can set the foundation for further growth. Rafael is strategically positioned to play a crucial role in transforming the energy system of the greater Kimberley and north Pilbara regions, which currently depend on imported gas (in the form of trucked LNG) and diesel. Rafael provides a safe, cost-effective, and reliable local energy source. It is a local alternative to higher cost and sometimes interrupted, fuel imports for domestic power generation and mining, particularly for regional customers in the greater Kimberley region. On 2 April 2025, the Company announced the signing of a Strategic Development Agreement (SDA) with Clean Energy Fuels Australia (CEFA) for the Rafael Gas Project. CEFA is an experienced builder, owner, and operator of small-scale Liquified Natural Gas (LNG) plants in Western Australia. They are an ideal partner for co- developing the Rafael gas resource and incorporating Rafael LNG into their portfolio for remote gas customers. They provide LNG distribution capabilities through their associated company, EVOL LNG, which operates the largest fleet of LNG road tankers and ISO containers in Australia. CEFA, part of the OCTA Group of privately held entities, is supported by I Squared Capital, a prominent global infrastructure fund managing over U$40 billion in assets worldwide. Under the SDA, CEFA will finance, construct, own, and operate an LNG processing plant with a capacity of up to 300 tonnes per day at the Rafael 1 well site, thereby limiting Buru’s financial exposure to upstream gas production wells and associated facilities, and a gas and condensate processing tariff paid to CEFA. Buru and CEFA have committed to collaborating closely on initiatives to further mitigate development risks, aiming for a Final Investment Decision in 2H 2026, with production and cash flow expected to commence from Q1 2028. This timing is consistent with the Western Australian State Government’s plans to overhaul the Kimberley energy system and reduce the reliance on imported gas and diesel into the region. Buru is creating a small-footprint Kimberley gas business that ensures long-term cash flow. This low- impact, low-technology risk development suitable for deployment based around the existing cleared Rafael 1 well pad, was chosen for its ability to expedite regulatory approvals and land tenure, providing the quickest route to production and cash flow from the Rafael resource. 7 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS In November 2025, the Company engaged a Corporate Advisor to manage a global process to secure funding to finance the estimated A$40 million required for the 2026 Rafael resource and flowrate validation program, and subsequent independent reserves certification. The process has attracted international and domestic parties who are undertaking detailed due diligence on the opportunity to participate in a high value business with significant growth opportunities. The process is targeted to be completed in time to enable the commitment to long lead items for the 2026 drilling program. Drilling planning is continuing for the upcoming Rafael resource and flowrate validation program. The current well designs for both Rafael 2H (previously named Rafael B) and Rafael 1 include horizontal sections to optimise deliverability and the ultimate reserves. - The Rafael Gas Project is based on high confidence 1C Resource of 85 Bscf1 - 2C best estimate (220 Bscf)1 or the 3C resource case (523 Bscf)1 adds material upside - Small footprint (based around existing cleared Rafael 1 discovery well pad) - No pipeline (trucked LNG and condensate) - Proven design, modularised construction - Many global plants in operation, with several in Australia and WA - Up to 300t of LNG and ~250bbls or more of condensate per day - Current plan is 2 wells (including Rafael 1 well recompletion) - 20-year production life with robust cashflow - Upside with greater resource and market growth Figure 1 – Indicative Rafael Gas Project Schematic and Key Project Attributes 1  Refer to the ASX release of 26 July 2024 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 8 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS Based on an 18-month period for the building of the small-scale LNG facilities by CEFA, first production, and material cashflows are expected by mid-2028 as shown in Figure 2. Timeline is indicative and is subject to capital availability, future discussions with potential asset partners, offtake arrangements, land access and regulatory approvals. ACTIVITY SUBSURFACE STUDIES AND SURVEY PROJECT CONSTRUCTION Rafael 3D Seismic Survey Feasibility studies Technical Definition Gas & Condensate Offtake Marketing Approvals Final Investment Decision Data Interpretation Confirm adequacy of 1C volume for Rafael Project The Rafael Project Resource Validation Project Execution 2023 2024 2025 2026 2027 2028 2029 FEBʼ26 FID Drill and test Rafael 2H/ recomplete Rafael 1 First Gas Window Feasibility Studies Basis of Design Concept Definition Market Testing Draft Sales Agreements Binding Agreements Engineering Interpret Results Acquire & Process Production Engineering, Procurement, Construction Figure 2 Rafael Gas Project Schedule The Rafael Economic Screening illustrated in Figure 3 below highlights the potential value of Rafael. The development of the Rafael Gas Project represents a transformational value opportunity for Buru. Based on assumptions of A$15/GJ for gas and A$1.50 per litre for condensate, the total project value generated by Rafael is projected to yield a gross unrisked NPV of A$400 million (100% equity total project economics), along with an annual gross cash flow before tax of approximately A$70 million. Based on 1C Contingent Resource of 85 Bcf of gas and 1.8 mmbls of condensate 14TJ/d, 250t LNG/250bbls condensate/day. Field Life ~20years. Equity economics, ungeared in 2025-dollars. Gas Price A$/GJ (domestic) $10.00 $15.00 $18.00 Condensate Price A$/litre (domestic) $1.00 $1.50 $1.80 Following in gross terms (A$), 2025$, pre-tax Total gas revenue ($M) $1,100 $1,800 $2,100 Total condensate revenue ($M) $300 $400 $500 Total Opex/Royalties ($M) ($300) ($500) ($600) Average Pre-Tax Operating Cashflow/annum ($M) $40 $70 $87 NPV10 ($M) $200 $400 $500 IRR 29% 44% >50% Figure 3 – Rafael Gas Project Economic Screening 9 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS Flying Fox Prospect (EP 428 – Buru 100% and Operator) On 14 August 2025 Buru announced a new exploration prospect, named Flying Fox had been identified following work on the interpretation of the Rafael 3D Seismic acquired in 2023. The Flying Fox prospect lies immediately beneath the main Rafael gas and condensate field at a depth of approximately 4,015m TVDSS3 . The Flying Fox prospect has been assessed to contain Prospective Resources5 between 60 Bscf and 614 Bscf of gas, with a best estimate (P50) volume of 247 Bscf, and between 1.2 MMstb and 12.6 MMstb of condensate with a best estimate (P50) of 5.0 MMstb. This is similar in size to the Contingent Resources4 assessed for the primary Rafael reservoir interval which currently forms the basis for the Rafael Gas Project. The Flying Fox prospect can be tested by drilling an incremental ~500 meters below the Rafael gas accumulation at the Rafael 2H target location. The Company is currently evaluating the potential to include the testing of the Flying Fox prospect within the 2026 Rafael drilling campaign, via a cost-effective deepening of the Rafael 2H well. Chance of Success Condensate (MMstb) Gas (Bscf) (COS) 1U 2U 3U 1U 2U 3U Gross Prospective Resources 45 1.2 5.0 12.6 60 247 614 Net Prospective Resources 45 1.1 4.6 11.3 57 226 551 Figure 4 – Flying Fox Prospective Resources5 The Flying Fox prospect has been imaged on the acquired Rafael 3D seismic, immediately beneath the gas- bearing Ungani Dolomite (T20) of the Rafael 1 discovery. The primary reservoir target of the gas prospect is the dolomitised, vuggy (rocks with cavities, pores or voids) carbonates of the Nullara or Pillara Formation overlain by the sealing shales of the May River Formation. Figure 5 – Flying Fox Prospective location below main Rafael structure 3 True Vertical Depth Subsea. 4  Refer to the ASX release of 26 July 2024 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 5  Refer to the ASX release of 14 August 2025 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 10 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS Ungani Oilfield (L20/L21 - Buru Energy 100%) The Ungani Oilfield assets remain under a care and maintenance program. The restart of Ungani production requires the renegotiation of certain commercial terms pursuant to the existing Ungani Native Title agreements and requisite field management regulatory approvals. Buru continues to explore opportunities to add incremental oil production from near-field prospects located within tie-back distance to the Ungani production facilities, with Mars being the primary target located approximately 9km north of the Ungani production facilities in Production Licence L 20. Mars is a large fault-bounded anticlinal closure up-dip from the interpreted oil pay in the Ungani North 1 well that is confidently defined on high quality modern 3D seismic data. The prospect was initially identified on the Ungani 3D seismic, with the structure confirmed on the reprocessed Ungani 3D pre-stack depth migration volume in 2019. Ungani North 1 confirmed excellent reservoir quality within the Reeves Formation sandstones with 17% porosity measured from sidewall cores at 1,765m. Strong oil shows in several sidewall cores recovered from sands of the Reeves Formation at Ungani North 1 provides confidence of oil charge into the Mars structure. Buru’s internal assessment indicates a chance of success of 40% for a Mars 1 well6 . Buru is continuing with its activities to seek a farmout partner for the Mars Prospect, with any potential exploration success providing strategic optionality and funding for Buru’s Rafael Gas Project development. Figure 6 – Section A-A’ from Ungani Far West 1 (UFW1) to Mars Prospect 6  Further details on the Mars prospect can be found in the ASX announcement released on 17 June 2024, and can be accessed here: https://buruenergy.com/announcements/6385907 11 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS Canning Basin Exploration Broome Derby EP 436 EP 436 EP 436 EP 457 EP 391 EP 457 EP 129 L 17 L 8 L 6 EP 428 EP 431 EP 431 Yulleroo Ungani Rafael EP 391 L 21 EP 391 EP 428 WA Legend Buru Canning Acreage 2025 PL Buru 100% EP Buru 100% EP Buru 60%, Rey 40% Backreef Area Oil & Gas Fields L 20 Figure 7 - Buru’s Operational Areas in the Canning Basin of Western Australia Other Assets L6, L8, L17, EP 129, EP 391, EP 428, EP 431, EP 436, EP 457 (Buru 100% - 60% and Operator) During the year Buru engaged with the Western Australian Government Department of Mines, Petroleum and Exploration (DMPE) to rationalise the Company’s exploration acreage in the Canning Basin. All applications for work program changes, and seven partial title surrender applications were approved by DMPE. The outcome of this rationalisation is a ~60% reduction in exploration permit and production licence areas, as well as the associated regulatory holding costs and work commitments. The Company continues to maintain the permits in good standing with minimal expenditure being incurred. 12 BURU ENERGY LTD - ANNUAL REPORT 2025 REVIEW OF OPERATIONS 2H Resources Pty Ltd On 10 July 2025 the Company announced that it had executed a Share Sale and Purchase Agreement (SSPA) with Koloma Australia Pty Ltd (Koloma) for all the issued share capital of 2H Resources Pty Ltd which includes the beneficial interest in all its Petroleum Exploration Licence Application (PELA) areas and Gas Storage Exploration Licence Application (GSELA) areas in South Australia, Exploration Licences (EL) in Tasmania, and Special Prospecting Authorities (SPA) in Western Australia. The total cash consideration combined was $1.75 million with an initial cash payment of $750,000 and further staged cash payments up to $1.0 million payable upon the phased conversion of 2HR’s South Australian Petroleum Exploration Licence Application (PELA) areas to Exploration Licences. Buru retained an option to acquire a participating interest of up to 30% or $100 million in connection with any future hydrogen discovery by 2HR and the buy- back option is tradeable by Buru. Buru also executed an Asset Sales and Purchase Agreement (ASPA) with Koloma for certain graticular blocks in the Canning Basin of Western Australia for a consideration of $250,000. Battmin (Buru 100%) The Company via its wholly owned subsidiary, Battmin Pty Ltd (Battmin) executed a Sale and Purchase Agreement (SPA) with Sipa Resources Limited (Sipa), whereby Battmin agreed to sell its 50% interest in the two granted Barbwire Terrace tenements E04/2674 and E04/2684 (“Tenements”) to Sipa. The transaction was completed on 23 January 2025 upon which Sipa assumed 100% ownership of the Tenements. As consideration for the transfer Sipa agreed to grant to Battmin (or its nominated Related Body Corporate) a royalty in respect of the Tenements. The rate of royalty payable by Sipa to Battmin is 0.6% of the Net Smelter Return from future production. The Royalty Deed reflects standard industry terms, with Sipa having retained the right to buy back the Royalty for a one-off payment of $0.6 million. BURU ENERGY LTD - ANNUAL REPORT 2025 13 REVIEW OF OPERATIONS Corporate During the year Buru completed a Share Placement and Share Purchase Plan (SPP) raising a total of $4.45M before costs. The funds raised were used to support Buru’s activities identified under its Strategic Development Agreement with Clean Energy Fuels Australia (CEFA) to co-develop the Rafael Gas Project. On 30 September 2025 Mr Robert Willes retired from his position as Non-Executive Director of Buru. The Board advised there are no plans to appoint an additional director following Mr Willes’ departure, with the Board size being reduced to 3 non-executive members for the time being. This was one of several measures implemented during the year supporting the commitment to prudent cost management. On 18 November 2025, a General Meeting of shareholders was held to approve the ratification of the issue of shares under placement subject to Listing Rule 7.1, issuance of options and ratification of the issue of performance rights to employees. All resolutions put to shareholders were decided by poll and passed. Corporate Governance The principles governing the actions of the Board and the employees of the Company are in accordance with the ASX core principles of corporate governance. The Company’s full Corporate Governance Statement and Appendix 4G for the year ended 31 December 2025 has been released and can be found on the Company’s website. The Company has in place policies that cover the principal actions under its Corporate Governance Statement, and these may also be found on the Company’s website. Risk Management The Audit and Risk Committee oversee the establishment, implementation, and annual review of the Group’s Risk Management System. Management has established and implemented the Risk Management System for assessing, monitoring, and managing all identified key risks, including material business risks, for the Group (including sustainability risk). The Chief Executive Officer and the Chief Financial Officer have provided assurance, in writing to the Board, that the financial reporting, risk management and associated compliance and controls have been assessed and found to be operating effectively. The operational and other risk management compliance and controls have also been assessed and found to be operating effectively. Risk reporting includes the status of risks through integrated risk management programs aimed at ensuring risks ar