• Significant one-off and non-cash transactions across the business
• Impairment of 39.24% investment in Li-S Energy Limited
• Deconsolidation of Li-S Energy Limited and recognition as an associate

PPK Group Limited has released its preliminary final report for the year ended 30 June 2025. The report highlights a number of significant one-off and non-cash transactions across the business, including the impairment of PPK's 39.24% investment in Li-S Energy Limited (LIS) and the deconsolidation of LIS, which is now recognized as an associate. The impairment of the LIS investment, valued at the closing market price on 30 June 2025, resulted in a non-cash impairment of $22,413,000 before tax ($16,810,000 post tax). PPK notes that the market price of LIS shares has since increased, which would currently reflect a reversal of approximately $14 million before tax (approximately $10 million post tax) of the impairment recorded at 30 June 2025. The report also includes details on the performance of PPK's other business units, such as the outstanding growth of Craig International Ballistics, the positioning of PowerPlus Energy for growth, and the operational restructuring of the nanomaterials business. The report also provides updates on board and governance changes, as well as improvements in shareholder communication.

PPK is cautiously optimistic for FY26, with expectations that PowerPlus Energy will scale operations in response to the Federal Government's Cheaper Home Battery Program, Craig International Ballistics will continue to fulfil its strong order book, and Li-S Energy will progress toward commercialization with clear technical and commercial milestones in sight. PPK will also continue to develop a structured strategy to participate in energy storage sector consolidation.