• Continued operational transition and business rebuild, with focus on active commercial execution
• Expanded national distribution coverage in Australia through formal agreements with agri retailing networks
• Maintained strong gross margins and disciplined pricing in China

RLF AgTech Ltd continued a period of operational transition and business rebuild during the first half of the 2026 financial year, with a focus on active commercial execution, scaling distribution, deploying capital into high-potential areas, and positioning the business for revenue acceleration in the second half. The Group made measurable progress across several operational priorities, including expanding national distribution coverage in Australia, maintaining margin discipline and cash collection focus in China, integrating and optimising manufacturing capacity, and strengthening internal reporting, financial controls, and operating discipline. While the total comprehensive loss of $3.9 million was primarily a result of strategic investment for future growth, the Group demonstrated resilient underlying performance, growing sales revenue by 5% to $14.3 million. The revenue mix continued to be weighted toward RLF LiquaForce, which contributed $11.2 million of the half-year segment revenue. After the end of the period, the Company announced a planned leadership transition, with Mr Stuart Upton appointed as the new Chief Executive Officer to lead the Company into its next stage.

The Group expects improved financial performance and continued progress toward profitability in the second half of the financial year, as the investments made during the first half provide a strong foundation for sales conversion, manufacturing and operational efficiency, and margin delivery.