Peak Rare Earths (PEK) investor relations material

Executive summary

• Loss after tax reduced to $13.1 million for FY2025, down from $18.2 million in FY2024, driven by lower employee and technical feasibility costs but higher administration expenses due to transaction-related activities.

• Net assets increased to $74.3 million as of 30 June 2025, up from $70.1 million the previous year.

• A binding scheme of arrangement was executed for acquisition by Shenghe Singapore, valuing the company at A$195 million, with shareholders to receive A$0.443 per share, a 269% premium to the pre-announcement share price.

• Significant progress made on the Ngualla Rare Earth Project, including project reconfiguration, early works, and community initiatives.

Financial highlights

• Revenue for the year was $689,603, primarily from interest and R&D rebates.

• Major expenses included $2.8 million in employee benefits, $4.7 million in administration and other costs, and $5.0 million in technical feasibility costs.

• Cash at bank at year-end was $10.0 million, with additional proceeds of ~A$7.3 million from the post-year-end sale of the Teesside property.

• Working capital improved to $12.6 million from $9.2 million year-over-year.

• No dividends were declared or paid.

Outlook and guidance

• The scheme of arrangement with Shenghe Singapore is expected to be implemented on 30 September 2025, after which the group will be wholly owned by Shenghe Singapore.

• Cash reserves and asset sale proceeds are sufficient to fund pre-development activities and corporate requirements through the scheme implementation.