• BSA has been verbally notified by NBN Co that it has not been selected as a preferred tenderer on the new nbn Field Services Contract
• The current nbn Unified Field Operations contract remains in place until 30 September 2025, with extension options
• The nbn contract represents approximately 80% of BSA's revenue in FY2024

BSA Limited (ASX:BSA) has been verbally notified by NBN Co (nbn) that, at this stage, it has not been selected as a preferred tenderer on the new nbn Field Services Contract. As a result, BSA believes an award to be unlikely and is taking steps to try and optimise its position in relation to the tender outcome. The current nbn Unified Field Operations contract, with an expiry date of 30 September 2025 (along with extension options, at nbn's discretion, up to a maximum of a further 12 months), remains in place. The contract has no volume guarantees, however, to date, BSA has not received any notifications from nbn around volume changes through to the expiry of the current term of the contract. The nbn contract is a significant contract for BSA Limited, representing approximately 80% of its revenue in FY2024. BSA has been planning for a range of tender outcomes and will now assess the impact of this development along with actively evaluating all strategic options to mitigate the impact if BSA is not successful in this tender. BSA will update shareholders as further details emerge.

BSA is planning for all eventualities and will continue to keep the market informed in accordance with its continuous disclosure obligations.