TerraCom (TER) investor relations material

Executive summary

• Principal activity focused on coal mine development and operation in Queensland, Australia and South Africa, with no significant changes in state of affairs during the half-year.

• Safety metrics deteriorated: TRIFR rose to 2.6 (from 1.0) and LTIFR to 1.1 (from 0.6) year-over-year.

• No dividends paid during the half-year (prior year: $8.01 million).

• Completed a major equity capital raising post-period, strengthening liquidity and working capital.

Financial highlights

• Revenue declined 11% year-over-year to $98.614 million due to a 21% drop in average price, partially offset by a 13% increase in sales volumes.

• EBITDA loss of $6.994 million, down from a $15.190 million profit in the prior period.

• Net loss after tax of $14.453 million (prior year: $2.887 million profit); loss attributable to owners was $13.813 million.

• Cash and cash equivalents at period end were $6.386 million, down 52% from $13.382 million at June 2025.

• Net cash used in operating activities was $8.977 million, compared to $8.059 million generated in the prior period.

Outlook and guidance

• Post-period equity raising of $56.266 million net proceeds is expected to support liquidity and working capital.

• Management forecasts ramping up production in the second half of FY26 to restore normal levels.

• Cash flow forecasts through March 2027 support the going concern assumption.