• Queensland Brine Solutions (QBS) continues to make significant strategic progress
• Launch of dedicated QBS website to support ongoing stakeholder engagement
• Growing pipeline of water infrastructure projects including multiple project wins
• ISO certifications successfully renewed for further 3-year term

Parkway Corporate Limited (ASX: PWN, FSE: 4IP) has provided a corporate update, highlighting several recent developments. The year 2025 has commenced strongly for Parkway, with a particular focus on continuing to build the commercial foundations of its Queensland Brine Solutions (QBS) business. Parkway continues to engage with a wide range of stakeholders across industry, including the CSG industry, as well as various government agencies and other relevant parties, to advance the objectives of QBS. The company is actively engaged with several potential infrastructure partners to assist in the provision of key infrastructure related services to support the development of the proposed brine processing projects. Parkway is currently negotiating a long-term lease agreement to establish the QBS Brine Management Complex (QBMC) at a highly strategic upstream location in Central Queensland. The company has also executed a binding term sheet with an industrial-scale project developer in relation to the potential co-location and development of a proposed QBS Brine Electrolysis Complex (QBEC) on the developer's existing project site. In addition to the planned QBMC and QBEC sites, QBS is currently also developing a project plan for an additional project site, which may enable the processing of a broader range of brines, in addition to CSG derived brines. Parkway has been awarded several water infrastructure related projects, including a ~$1.0 million project from a major engineering services provider and a ~$1.0 million project from a major water utility. The company has also successfully renewed its ISO certifications in relation to the provision of industrial water and wastewater treatment related products, services and solutions, until 01 February 2028.

Parkway's Group Managing Director & CEO, Bahay Ozcakmak, stated that the company is making excellent progress on the rapid establishment and growth of its QBS business, and is looking forward to being able to progressively provide further details to both the market and industry about its forward plans. The company's Industrial Operations division is also continuing to build solid momentum, with a reasonable expectation that further project wins will be announced in the near-term. These developments continue to support Parkway's anticipated transition to profitability in the near-term.