Appendix 4D and Half Year Report

• EBITDA of $12,544,083 for the half-year, exceeding previous period by 21%
• Net profit after tax of $5,739,619, exceeding previous period by 39%
• Interim dividend of 1.5 cents per share declared

Alfabs Australia Limited (AAL) has reported a solid financial performance for the half-year ended 31 December 2024. EBITDA for the period was $12,544,083, exceeding the previous corresponding period by $2,182,807 or 21%. Net profit after tax was $5,739,619, exceeding the previous corresponding period by $1,613,277 or 39%. The company's Mining division, which provides equipment hire, mining consumables, and workshop services to the underground black coal mining industry, performed well during the period. The Engineering division, which focuses on heavy steel fabrication and site installation works, had a comparatively softer first quarter but improved in the second quarter. The company has maintained a strong focus on working capital management, with closing net debt at 31 December 2024 of $11,046,405. Since the half-year end, the directors have recommended the payment of an interim dividend of 1.5 cents per fully paid ordinary share. The company's outlook for the remainder of FY25 and CY25 is encouraging, with good business conditions expected to continue.

The company has provided the following forward-looking financial guidance: EBITDA of $25-27 million and net profit after tax of $11-13 million for the full 2025 financial year.

The company's outlook for the remainder of FY25 and CY25 is encouraging, with good business conditions expected to continue. The company is well-positioned to capitalize on opportunities in both the Mining and Engineering divisions.