Consolidated Issued capital Convertible note reserve Option reserve Accumulated losses Total equity $ $ $ $ $ Balance at 1 July 2023 74,635,721 - 6,498,058 (72,060,518) 9,073,261 Loss after income tax expense for the year - - - (3,578,117) (3,578,117) Other comprehensive income for the year, net of tax - - - - - Total comprehensive income for the year - - - (3,578,117) (3,578,117) Transactions with owners in their capacity as owners: Expiry of options - - (5,568,292) 5,568,292 - Balance at 30 June 2024 74,635,721 - 929,766 (70,070,343) 5,495,144 Consolidated Issued capital Convertible note reserve Option reserve Accumulated losses Total equity $ $ $ $ $ Balance at 1 July 2024 74,635,721 - 929,766 (70,070,343) 5,495,144 Loss after income tax expense for the year - - - (4,884,170) (4,884,170) Other comprehensive income for the year, net of tax - - - - - Total comprehensive income for the year - - - (4,884,170) (4,884,170) Transactions with owners in their capacity as owners: Expiry of options - - (308,693) 308,693 - Vesting of share-based payments (note 25) - - 63,989 - 63,989 Issue of options on inception of convertible note - 15,000 - - 15,000 Balance at 30 June 2025 74,635,721 15,000 685,062 (74,645,820) 689,963 Statement of changes in equity For the year ended 30 June 2025 Annual Report 2025 27
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