Half Year Financial Report and Appendix 4D

• $155 million EPC contract for King of the Hills Operations Stage 1 and Stage 2 Upgrade
• $78 million EPC Contract for Eloise Copper Expansion Project
• $36 million EPC contract for Lake Way Project Upgrade

During the half year period, GR Engineering Services Limited (the Group) achieved revenue of $218.0 million (HY25: $272.1 million), EBITDA of $27.8 million (HY25: $34.5 million) and profit before tax of $25.0 million (HY25: $31.8 million). The Group's cash position was $86.5 million (30 June 2025: $71.0 million) with no external debt. The Group paid out $20.1 million in dividends during HY26 (HY25: $16.7 million). The Group's design and construction order book includes a $155 million EPC contract for the King of the Hills Operations Stage 1 and Stage 2 Upgrade, a $78 million EPC Contract for the Eloise Copper Expansion Project, and a $36 million EPC contract for the Lake Way Project Upgrade. The Group's production services business, GR Production Services, delivered solid revenue performance through its continued provision of operations and maintenance services to the energy sector. The Group's process controls businesses, Mipac and Paradigm, continued to deliver control systems, automation and digital solutions for key clients. The Group has significant headroom in its guarantee and bonding facilities.

The Group's revenue for FY26 is forecast to be in the range of $500 million to $520 million.