• Up to $2.0 million on-market share buy-back over 12 months
• Supports capital allocation framework and enhances shareholder value
• Retains flexibility to support future growth

McPherson's Limited (ASX: MCP) has announced its intention to conduct an on-market share buy-back of up to $2.0 million over the next 12 months, commencing in March 2026. This decision is part of the company's ongoing efforts to develop a suitable capital allocation framework. The Board of Directors believes that the buy-back is an appropriate mechanism to return capital to shareholders, optimize capital management, and enhance shareholder value, while retaining sufficient flexibility to support future growth. The exact amount and timing of the buy-back will be dependent on market conditions, and it will be within the '10/12' limit permitted under the Corporations Act, not requiring shareholder approval. The announcement highlights McPherson's progress through its transformation program and the Board's confidence in the company's long-term strategy.