Quarterly Activities/Appendix 4C Cash Flow Report

• Revenue of $1.8m in Q4 FY24, with significant growth expected in subsequent quarters
• EBITDA loss of $175k, with continual improvement in net operating cash flow anticipated
• Restructuring and cost reduction measures completed, with return to profitability expected in KSA facilities

Site Group International Limited (ASX:SIT) has released its Appendix 4C quarterly cash flow and operational activity review for the quarter ended 30 June 2024 (Q4 FY24). The company reported revenue of $1.8m in the quarter, with the directors anticipating significant growth in revenue in subsequent quarters as the businesses continue to benefit from the rollout of training programs in KSA, PNG, and Australia. Site recorded an EBITDA loss of $175k in the quarter, but the company expects continual improvement in net operating cash flow in subsequent quarters, off the back of the revenue growth driven by structural and operational changes. As at 30 June 2024, Site continues to maintain no interest-bearing debt. The directors are pleased to announce that the company's cash-lite approach has served its purpose, with Site announcing a return of significant training awards in KSA with a number of additional facilities to commence over the next 12 months. Site expects a solid return to profitability in these facilities and anticipates its training revenues to surpass previously released details of gross revenues in excess of USD $17m in 2025 based on this structure and these expected successes. Additionally, Site owns 38.7% of Site Group Holdings, which in turn holds a 30 Hectare leasehold property in the highly sought-after Clark Freeport zone in the Philippines, which is experiencing a return to pre-COVID activities with development, employment, and entertainment recoveries.

Site expects its training revenues to surpass previously released details of gross revenues in excess of USD $17m in 2025 based on its restructured business and expected successes.

The company expects to further inform the market of the growth of its international training business in the coming months.