• Received $1.3M tax refund for FY2023
• Anticipates additional $0.7M tax refund for FY2024
• Further $1.3M tax benefit expected in FY2026 or later

McPherson's Limited (ASX: MCP) has announced that it has received an amended notice of assessment from the Australian Taxation Office (ATO) for the year ending 30 June 2023, resulting in a tax refund of $1.3 million, to be received on 20 February 2026. The company also anticipates a further amended assessment for the year ending 30 June 2024, resulting in an additional tax refund of $0.7 million, which is expected to be received in the near future. Additionally, the company anticipates a further tax benefit of approximately $1.3 million in the 2026 or subsequent income tax years, subject to the availability of taxable income. These tax benefits have arisen following engagement with the ATO, resulting in a portion of the costs related to a strategic alliance (announced in March 2022) being deemed deductible under the Income Tax Assessment Act 1997 (Cth). The company intends to release its 1H FY26 results on Wednesday 25 February 2026.

The company anticipates a further tax benefit of approximately $1.3 million in the 2026 or subsequent income tax years, subject to the availability of taxable income.