• Underlying loss after tax of $52 million with EBITDA (excluding significant items) of ($32) million
• Simberi Expansion Project Pre-feasibility study confirmed improved +200kozpa Life of Mine Plan
• Divestment process for Atlantic Gold operations commenced to unlock value

St Barbara Limited ('St Barbara' or the 'Company') (ASX:SBM) reported a net asset position of $374 million at 30 June 2025 with cash on hand of $67 million (excluding restricted cash of $89 million) plus listed investments of $25 million. The underlying loss after tax for FY25 was $52 million with EBITDA (excluding significant items) of ($32) million. The key drivers of the EBITDA (excluding significant items) were: Gross Operating profit from operations of $6 million (Simberi and Atlantic), Atlantic Care and Maintenance program costs of $9 million, Corporate costs of $12 million, and Exploration costs of $4 million. The financial performance in FY25 reflects St Barbara's investment in the development of the Simberi and Atlantic growth projects, while maintaining business continuity at Simberi by extending oxide processing life until the transition to sulphide ore can commence. At the end of the year, the company marked down the holding value of exploration tenements in Nova Scotia. St Barbara's strategic focus remains the delivery of the Simberi Expansion Project in Papua New Guinea (PNG), while continuing remnant oxide mining at the Simberi oxide operation. On 12 February 2025, the company announced its intention to separate its Atlantic Gold operations in Nova Scotia, Canada, through a sale, vendor-in, or potential demerger into a Canadian-listed entity, in order to unlock value under local leadership and develop Atlantic's growth projects, allowing St Barbara to concentrate its capital and management efforts on the development of the Simberi Expansion Project. The divestment process is anticipated to complete in the first half of FY26. Consequently, the Atlantic Gold Projects are recognised as a discontinued operation in the financial statements for the year ended 30 June 2025.