2026 Financial Results and Operating Review

• Profit after tax at $782,919, down from $1,960,060 in 2025
• Harvest yielded 639,900 litres, a decrease from 752,600 litres in 2025
• Net cash flows from operations surplus at $1,593,254, up from $929,850 in 2025

Australian Agricultural Projects Ltd (ASX: AAP) reported a profit after tax of $782,919 for the year ended 30 June 2026, down from $1,960,060 in 2025. The harvest yielded 639,900 litres, slightly down from 752,600 litres in 2025, and was completed in the first week of July. Total revenue from lease and management fees was $1,130,738, a reduction from the previous year due to the Company now farming a portion of the orchard previously leased to the Victorian Olive Oil Project. The Company's net cash flows from operations amounted to a surplus of $1,593,254, driven by cash receipts from the 2025 harvest. The balance sheet resilience continues to improve, with the Company reviewing strategic options to use this improved balance sheet for shareholder benefit.

The Company expects the forthcoming harvest, anticipated to be an 'on year', to exceed this year's and 2025's harvests.