• Strong performance from Orams Marine Services with 30% increase in turnover and 70% increase in EBITDA
• Unrealized foreign exchange losses due to weakening of NZD and USD against AUD
• Declines in three significant listed investments: Webjet, Hillgrove Resources, and Coast Entertainment Holdings

Ariadne Australia Limited ('Ariadne' or 'the Group') has provided an update on the Group's financial performance to 31 March 2026. Orams Marine Services Limited, New Zealand's leading marine maintenance and refit services business, has delivered a strong operating performance for the nine months ended 31 March 2026, with turnover up 30% and EBITDA up 70% on the prior corresponding period. The forward order book remains robust, with bookings extending into 2027 and beyond. However, the Group has also experienced unrealized translational foreign exchange losses of approximately $5.1 million during the half-year, as the New Zealand dollar and US dollar weakened against the Australian dollar. Since 31 December, both currencies have continued to weaken, resulting in additional unrealized foreign exchange impacts reflected across both Profit or Loss and Other Comprehensive Income, including an estimated $2.5 million movement in the foreign currency translation reserve. Three of the Group's significant listed investments also experienced market-related declines between 31 December 2025 and 31 March 2026: Webjet declined from $0.88 to $0.53 per share, Hillgrove Resources declined from $0.046 to $0.036 per share, and Coast Entertainment Holdings declined from $0.550 to $0.475 per share. The combined effect of these movements, broader portfolio changes, and administration costs (excluding any potential uplift in Cover Genius) results in an estimated total comprehensive loss attributable to members of approximately $5.2 million for the nine-month financial period to 31 March 2026.