Toro Energy (TOE) investor relations material

Executive summary

• Progressed steps under Scheme Implementation Deed for IsoEnergy to acquire 100% of shares, with shareholders to receive 0.036 IsoEnergy shares per Toro share, representing a 79.7% premium to last traded price on 10 October 2025.

• First court hearing for the acquisition transaction held on 30 April 2026; scheme meeting to be convened for shareholder vote.

• Unsecured short-term bridging loan facility of A$2 million agreed with IsoEnergy post-quarter to fund operations during transaction implementation.

Financial highlights

• Net cash used in operating activities for the quarter was A$922,000; year-to-date net cash used was A$5.18 million.

• Cash and cash equivalents at quarter end were A$1.03 million, down from A$1.95 million in the previous quarter.

• Payments to related parties and associates during the quarter totaled A$127,000.

• Expenditure on evaluation and exploration activities for the quarter totaled A$692,000.

Outlook and guidance

• Estimated quarters of funding available at current cash burn is 1.1; bridging loan from IsoEnergy expected to provide sufficient funding until transaction completion.

• If the transaction does not complete, a capital raising will be undertaken to continue operations.