• Awarded $35m contract for supply and manufacture of subsea components
• Project to commence immediately, production to start in Q4 2025
• Demonstrates company's success in global market and ability to secure major contracts

Matrix Composites & Engineering Ltd (ASX: MCE) has been awarded a new contract valued at approximately A$35 million for the supply and manufacture of subsea components for an international energy project. The contract was awarded by a large multinational energy services contractor and will commence immediately, with production expected to start during the December 2025 quarter and completion of manufacturing by the end of the 2026 financial year. This new contract award demonstrates the company's continued success in the global market and its ability to secure significant contracts with major international clients. The project will be executed utilizing Matrix's existing production capacity at its advanced composites facility in Henderson, Western Australia. Matrix's CEO, Aaron Begley, commented that the new project complements the company's ongoing work and is a positive indication of strengthening forecast subsea industry spend. The announcement confirms that the identity of the contract counterparty is not considered to be information that would have a material effect on the price of Matrix's securities, and that the announcement contains all material information relevant to assessing the impact of the contract.

The new $35 million contract is expected to contribute to the company's financial performance during the 2026 financial year.

The new contract award drives momentum into the 2026 financial year and positions the company for growth, complementing its ongoing project work across the group.