March 2026 Quarterly Activities Report & Appendix 4C

• Progressed maiden commercial propulsion delivery under SPS purchase order
• Advanced strategic engagement with MBDA, including technical evaluations and supply chain visit
• Expanded propulsion opportunity pipeline amid strengthening demand environment

During the quarter, Aurora Labs continued to advance the commercialisation of its metal additive manufacturing and propulsion technologies, underpinned by strong progress across defence-aligned initiatives and growing engagement with global counterparties. Key developments included advancement of Aurora's maiden commercial propulsion delivery under the SPS purchase order, ongoing technical evaluation activities with MBDA and Ares Armaments, and expansion of its propulsion opportunity pipeline driven by increasing demand from domestic and international defence primes and UAV platform integrators. Strategic engagement was further strengthened through direct interaction with MBDA's supply chain representatives at Aurora's Canning Vale facility and participation in senior-level defence forums. In parallel, Aurora continued to scale its integrated manufacturing capability, with full commissioning of new CNC infrastructure, continued progress toward AS9100D certification and growth in industrial additive manufacturing revenues supported by defence-related contracts. These activities were complemented by disciplined cost management and targeted investment, positioning the Company to capitalise on favourable geopolitical tailwinds and increasing global demand for sovereign propulsion and advanced manufacturing solutions.

The Company expects to complete propulsion engine deliveries under the SPS purchase order, progress engagement with MBDA, complete AS9100D Phase 2 certification audit, and continue growing its commercial pipeline and expanding engagement with defence primes and government procurement bodies over the coming quarters.

Aurora remains focused on executing existing propulsion programs, advancing MBDA engagement, completing AS9100D certification, and converting pipeline opportunities into revenue. With integrated manufacturing capability now in place and demand conditions strengthening, the Company is well positioned to scale commercial activity over the coming periods.