Quarterly Appendix 5B Cash Flow Report

• Strong cash receipts of $83.965 million in the quarter
• Significant investing activities including $4.468 million for property, plant and equipment and $802,000 for exploration & evaluation
• Successful equity raising of $180 million, with $57.431 million in unused financing facilities available

Develop Global Ltd has released its quarterly Appendix 5B cash flow report for the period ended 30 September 2025. The report shows strong cash receipts from customers of $83.965 million during the quarter. The company's operating activities resulted in a net cash outflow of $9.338 million, with significant payments for production ($16.557 million), staff costs ($28.982 million), and other costs of sales ($45.372 million). Investing activities included $4.468 million for property, plant and equipment and $802,000 for exploration and evaluation. The company's financing activities were highlighted by a successful equity raising of $180 million, with $57.431 million in unused financing facilities available at the end of the quarter. Overall, the report demonstrates Develop Global's robust financial position, with $203.789 million in cash and cash equivalents at the end of the period.