• Sales up 3.0% in AUD, down 1.2% after adjusting for currency movements
• Strong growth in Australian direct export markets, up 11.9% in local currencies
• Amalgam sales continue to weaken, down 19.0% in AUD

SDI Limited (ASX: SDI) today announced that preliminary unaudited sales in Australian Dollars for the six months ending 31 December 2025 were $53.1 million, up 3.0% on the prior corresponding period (pcp). After adjusting for currency movements, sales decreased by 1.2%. The result reflects strong growth in the Australian direct export markets, up 11.9% in local currencies. Amalgam sales continue to weaken, in Australian dollars down 19.0% on pcp and now representing 10.0% of total sales, with North America and Europe the weakest regions. Gross profit margins for the first six months of the 2026 financial year increased to 66.1% compared to 63.5% for the pcp, reflecting continued efficiencies in production, product mix, and favourable currency rates. For the six months ending 31 December 2025 reported net profit after tax is expected to be in the range of $3.5 million to $4.0 million compared to $3.8 million for the prior corresponding period. The Half Year results (Appendix 4D) will be released on February 27, 2026.

For the six months ending 31 December 2025, reported net profit after tax is expected to be in the range of $3.5 million to $4.0 million.