Appendix 4D and Financial Reports at 31 December 2024

• Revenue from continuing operations increased by 487% to $3.45 million
• Consolidated profit after tax from continuing operations was $1.83 million, up from a $124,000 loss
• Sold CMI Electrical to IPD Group Limited in January 2024

Excelsior Capital Limited (ECL) has reported a strong performance from its continuing investment portfolio operations for the half-year ended 31 December 2024. Revenue from continuing ordinary activities of the investment portfolio was $3,451,000, representing an increase of 487% from the previous corresponding period. Consolidated profit after tax from continuing operations was $1,831,000, which reflects a significant increase from the $124,000 loss in the prior corresponding period. This strong result was achieved despite the sale of ECL's CMI Electrical Pty Ltd subsidiary to IPD Group Limited on 31 January 2024, which resulted in nil discontinued ordinary activities for the half-year. The company noted that the sale of CMI Electrical was announced to the ASX on 1 February 2024, and that the final proceeds of $93.8 million were received, including working capital adjustments. ECL also announced on 30 August 2024 that the deferred cash consideration payment of up to $8.9 million on the sale of CMI Electrical was not achieved, and that no earn-out would be payable.

The company reported revenue from continuing operations of $3,451,000 for the half-year ended 31 December 2024, representing a 487% increase from the prior corresponding period. Consolidated profit after tax from continuing operations was $1,831,000, up significantly from a $124,000 loss in the prior corresponding period.