• Timed to the cycle: Lion has established a portfolio of strategic investments in selected micro-capitalisation resources companies with strong growth outlook
• Investment performance: Increases across most investments in Lion's portfolio including Medallion Metals, PhosCo Ltd, Brightstar Minerals, Saturn Metals, Sunshine Metals, and Antipa Metals
• Strong balance sheet: Cash, term deposits and accrued interest of A$42.5M to invest in an improving junior resources market

Lion Selection Group Ltd reported a profit of $32.3M for the half-year ended 31 January 2026, up 87% from the prior corresponding period. The result reflects a mark to market gain of $37.1M with respect to investments, with key increases across most of Lion's portfolio including Medallion Metals (+$7.0M), PhosCo Ltd (+$6.3M), Brightstar Minerals (+$5.6M), Saturn Metals (+$5.5M), Sunshine Metals (+$6.0M), and Antipa Metals (+$5.4M). Since April 2022, Lion has deployed $50.9M into Australian investments, which have grown 133% to $118.7M (including realised investments) as at 31 January 2026. The company's share price has appreciated to approximate its net tangible asset (NTA) value, validating its strategy and performance. Lion has a strong balance sheet with cash, term deposits and accrued interest of A$42.5M to invest in the improving junior resources market. The company declared a 2¢ps fully franked dividend in August 2025.

Lion reported a profit of $32.3M for the half-year ended 31 January 2026, up 87% from the prior corresponding period. The company's investment portfolio grew 133% to $118.7M since April 2022.

Lion's Australian-focused investment strategy has had compelling performance already, with the cyclical return to boom conditions now providing an excellent outlook for prospective investment returns in Lion's target market. The company continues to see high volumes of deal flow and opportunity assessments.