• Cash on hand at 30 June 2025 expected to exceed $30 million
• New CEO appointed for North American refurbishment and ITAD operations
• Revenue and EBITDA for FY26 expected to increase due to operational improvements

Close the Loop Limited ('Close the Loop' or the 'Company'), the circular economy industry leader, has today provided a market update including the cash and debt position at 30 June 2025 and an executive appointment. The company continues to make meaningful progress in addressing many of the key issues impacting its FY25 financial performance, with steady improvements expected to lead to ongoing operational efficiencies over the next 12 months. Revenue and earnings before interest, tax, depreciation and amortisation ('EBITDA') for the financial year ending 30 June 2026 ('FY26') are expected to increase because of the continuous improvements that the company is expected to realise in the 2026 financial year. The company has also secured several new opportunities during the 2025 financial year, which are expected to drive an increase in revenue for FY26. The expansion of global ITAD opportunities provided by the company's key partner, where the company has successfully won work in Asia and the United Kingdom, allows the company to be well positioned to continue building momentum as it moves forward 12- 24 months. The company has formally appointed Matthew Zimmer as its new Chief Executive Officer for its North American refurbishment and ITAD operations, an accomplished executive with extensive domestic and international experience including ITAD operations.

Revenue and EBITDA for the financial year ending 30 June 2026 are expected to increase due to continuous operational improvements.

The company remains focused on building momentum and sustaining its positive trajectory as it works toward delivering stronger financial outcomes and long-term value.