Asset Acquisition - Presentation

• 100% acquisition of GMSL for A$99.824m enterprise value
• Expected to be accretive to EPS by 35% in FY26
• Anticipates up to A$4.1m in EBITDA synergies by end of FY28
• Transaction to be completed in November 2026, subject to conditions

Energy One Ltd has announced the acquisition of GMSL, a leading European trading operations provider, in a transformative move aimed at accelerating its European growth strategy. The acquisition, which is expected to be completed in November 2026, is an all-scrip transaction valued at A$99.824 million. This acquisition is anticipated to be accretive to Energy One's earnings per share (EPS) by approximately 35% in FY26 and is expected to generate up to A$4.1 million in EBITDA synergies by the end of FY28. The transaction is subject to certain conditions, including shareholder and Foreign Investment Review Board (FIRB) approvals. The acquisition is expected to create a stronger platform for long-term growth, providing Energy One with a broader customer base, expanded product offerings, and increased market reach in Europe.

Expected to be accretive to EPS by 35% in FY26, up to A$4.1m in EBITDA synergies by end of FY28

The acquisition of GMSL is expected to significantly enhance Energy One's European growth strategy, providing a broader platform for long-term growth and increased market reach.