• Parties continue to make progress on proposed merger with Aura
• Disclosure documents expected in May 2026, shareholder meeting and closing in July 2026
• Aura to provide A$10 million unsecured working capital facility to Qoria

Qoria Limited (ASX: QOR) ('Qoria' or 'Company') has provided an update on the proposed merger with Aura, which was announced on 2 February 2026. The parties continue to make good progress across all transaction workstreams, though the anticipated timing has shifted slightly. Disclosure documents are now expected to be released in May 2026, with the Qoria scheme shareholder meeting and merger closing expected in July 2026. To cover accumulating transaction costs and further strengthen Qoria's balance sheet until the merger completion, the parties have agreed to establish a A$10 million unsecured working capital facility from Aura to Qoria. Qoria is expected to be free cash flow positive from July 2026, and the combined group is targeting positive free cash flow from merger to 31 December 2026. The facility has a 15% per annum interest rate, with interest to be capitalized. Aura has limited conversion rights if the merger implementation deed is terminated and the transaction is not implemented. The Qoria Board continues to unanimously recommend that shareholders vote in favour of the scheme, in the absence of a superior proposal and subject to the Independent Expert's conclusion that the scheme is in the best interests of Qoria shareholders.