• Revenue up 16.7% on prior period
• Wubin emulsion upgrade licence approved, development application in process
• First full down-hole service from Wubin commenced

Aquirian Limited (ASX: AQN) has reported solid progress across its core strategic pillars of energetics and technology during the quarter. Revenue increased by 16.7% compared to the prior corresponding period, reaching $8.4 million. The company received regulatory approval for the upgrade of emulsion storage at its Wubin facility, with the development application now in progress. Additionally, Western Energetics, a wholly-owned subsidiary, commenced its first full down-hole service, supplying energetics via the company's Mobile Process Units (MPU). This milestone enhances Aquirian's service offerings to local and regional customers. The tender pipeline remains active, with multiple bids underway across greenfield and brownfield operations. On the technology front, the company has successfully completed the production-ready automated Collar Keeper® System, which is now ready for trials. Design work has also commenced on a larger manual Collar Keeper® System capable of accommodating blast holes up to 203mm in diameter, driven by customer demand. The 90-day strategic review of the Wubin Facility is on schedule, and the company expects to share the outcomes in the near future. Aquirian also announced the appointment of Mr. Mark De Castro as the new General Manager - Commercial, effective November 2025, who will be responsible for driving the company's energetics and technology strategy and expanding technology partnerships into the LATAM region.

Aquirian reported unaudited revenue of $8.4 million for the quarter, representing a 16.7% increase compared to the prior corresponding period.

Aquirian continues to see strong demand for its energetics storage solutions and is focused on expanding its technology offerings, including the Collar Keeper® System, to improve safety, efficiency, and productivity in drill and blast operations.