Appendix 4D - Half-Year Report

• Revenue up 9.1% to $31.3m
• Profit before tax up 8.1% to $7.5m
• International sales growth a key focus

XRF Scientific Ltd ('XRF' or 'Company' or 'Group') is pleased to report its December 2025 half-year results to shareholders. The Company generated revenue of $31.3m and a 6% increase in Net Profit After Tax to $5.3m. Profit Before Tax for the half-year increased by 8.1% to $7.5m, which included a quarterly profit before tax of $4.1m in December Q2. During the half the Company saw strong demand from its mining and industrial customers, with international sales continuing to grow. International sales growth remains a key focus, which is expected to be accelerated through initiatives such as the new office in India. The Precious Metals division was a standout, with profit before tax increasing 49% on the Previous Corresponding Period (PCP). The Company's cross-selling strategy is gaining pace, with customers increasingly purchasing numerous products across its range. XRF continues to see good sales momentum for newer products such as xrTGA and Orbis, where it is actively growing its market share. The Consumables division generated profit before tax of $3.0m from revenue of $8.4m, with continued robust demand from the mining sector, particularly in Asia. The Capital Equipment division delivered a profit before tax of $2.2m from revenue of $12.1m, with Orbis delivering a robust profit before tax of $819k.

The Company currently expects 2H26 to be positive, as it focuses its efforts on international sales growth, new product releases and M&A opportunities.