Preliminary Final Report

• Revenue increased by 28% to $8,879,581
• EBITDA before non-recurring items improved by 68% to a loss of $843,446
• Significant contract signed with OceanaGold Corporation for underground mining training

Site Group International Limited reported a loss after tax from continuing operations of $3,822,330 for the year ended 30 June 2024, compared to a loss of $3,898,551 in the previous corresponding period. Revenue from continuing operations increased by 28% to $8,879,581, while EBITDA before non-recurring items improved by 68% to a loss of $843,446. The Site Skills Training - International division experienced a 59% increase in revenue to $5,906,739, though EBITDA was a loss of $1,075,757. The company signed a significant contract with multinational gold producer OceanaGold Corporation to provide underground mining training at its facility in the Clark Freeport Zone in the Philippines. In Papua New Guinea, Site's subsidiary Site WorkReady Pty Ltd was contracted by Kumul Petroleum Academy to expand the country's training capacity. In Saudi Arabia, the company offers vocational programs through its partnership with Al Ajmi. The Energy Services division, incorporating the Wild Geese International business, reported a slowdown in growth with revenue of $199,809 and an EBITDA loss of $55,684. The Tertiary Education segment saw a 14% increase in revenue to $2,610,999, though an EBITDA loss of $99,408 was recorded.

The company reported a net asset deficiency of $1,299,717 and a net current asset deficiency of $8,787,303 as at 30 June 2024. The continuation of the company as a going concern is dependent on achieving forecast cash flow from operations, realisation of the value of the Clark Property project, proposed capital expenditure management, and support from investors through capital raising.