• Achieved positive EBITDA of $166k in March, marking a major financial milestone
• Reached $18 million in consolidated group revenue for the 9-month period
• Successfully raised $4.5 million and built $4.1 million inventory position

RLF AgTech Ltd, an Australian-based plant nutrition company, has presented its Quarterly Activities Report for the quarter ended 31 March 2026, marking a pivotal transition in the company's history. The key highlights include: Achieving a positive EBITDA of $166k for the month of March, a major financial milestone that reflects the company's aggressive push for cost discipline and higher-quality earnings; Reaching $18 million in consolidated group revenue for the nine-month period ending 31 March 2026, marking the company's strongest trading period to date; Successfully raising $4.5 million (post-quarter) with a $4.1 million inventory position as of 31 March, ensuring the company can reliably supply its partners despite global fertiliser shortages; Completing a hard reset of the domestic sales team, with early orders already banking nearly 15% of the $3.0 million validated pipeline ahead of the season start; Executing a 47% headcount reduction in the LiquaForce business and centralising manufacturing to Ingham, removing legacy friction and lowering the fixed cost base; Formalising the focus on commercial execution under the leadership of Stuart Upton as the new CEO, supported by a new National Sales Manager and business development expertise in South Australia; and Demonstrating proven field performance, with recent wheat trials confirming a record 13.5% protein and 8t/ha yield, and Vietnam trials proving the company's products can protect crops through record 40°C heatwaves.

The company expects improved operating cash flows in the June and September quarters, driven by increased operational capacity, a strengthened balance sheet, and growing commercial momentum across key markets.

Looking ahead, sales activity is building across all operating regions, with the company focused on execution and turning the work completed across the business into in-season sales outcomes. In China and Asia, the coming six months represent the core selling period for the year, when the majority of annual sales are typically generated. In Australia, the first full selling season for the RLF Australia business is expected to make a meaningful contribution to group performance in the April to September period.