Appendix 4D

• Revenues from ordinary activities up 13% to $70,240,000
• Profit after income tax up 292% to $47,365,000
• Total comprehensive income up 238% to $44,094,000

Rural Funds Group has announced its financial results for the half-year ended 31 December 2025. The company reported revenues from ordinary activities of $70,240,000, up 13% from the prior corresponding period. Profit after income tax for the half-year was $47,365,000, an increase of 292% compared to the same period in the previous year. Total comprehensive income attributable to unitholders for the half-year was $44,094,000, up 238% from the prior corresponding period. The company also provided details on its distributions, with the June 2025, September 2025, and December 2025 distributions all set at 2.9325 cents per security. The company's net tangible assets per security as of 31 December 2025 was $2.23, up from $2.16 as of 30 June 2025. The adjusted net asset value per unit, including water entitlements held at market value, was $3.10 as of 31 December 2025, compared to $3.08 as of 30 June 2025. The company also noted that its distribution reinvestment plan, which was suspended in December 2024, will remain suspended until further notice.