• Delays in grid connection and cost increases have impacted construction phase profit
• Company considered information was uncertain and incomplete prior to 27 August 2025
• Negotiations with client were ongoing, with contract variation signed on 27 August 2025

Delorean Corporation Ltd has responded to an ASX aware query regarding delays in the construction of a bioenergy facility for Yarra Valley Water and the resulting reduction in construction phase profit. The company states that the Yarra Valley Water project is a large and complex contract covering design, build, operation, and maintenance, and that over the 5-year term, it is not reasonably practicable to provide continuing updates on the status of any singular aspect of the project unless they are material. The company first became aware of the impact of the grid connection delay on 27 August 2025, when a contract amendment with the client was finalized. Prior to that, the company considered the information was uncertain and incomplete, and did not warrant disclosure. The company also stated that negotiations with the client were ongoing in the lead-up to the end of August 2025, and there was insufficient time between the contract variation and the release of the Preliminary Financial Report on 29 August 2025 to make an announcement. The company confirms that it is in compliance with the Listing Rules and its continuous disclosure policy.