Winsome Resources (WR1) investor relations material

Executive summary

• Loss after tax for the half-year ended 31 December 2025 was $7.2 million, compared to $4.3 million in the prior year period.

• Entered into a binding agreement for acquisition by Li-FT Power Limited, offering a 62% premium to recent share price and 68% premium to 20-day VWAP.

• Board and major shareholders support the transaction, which will see Winsome shareholders own 35.3% of the combined entity.

Financial highlights

• Total other income for the half-year was $6.5 million, down from $7.2 million in the prior year.

• Operating loss increased to $11.8 million from $9.7 million year-over-year.

• Net cash outflows from operating activities were $4.9 million, improved from $8.9 million in the prior year.

• Cash and cash equivalents at period end were $7.0 million, down from $18.3 million at 30 June 2025.

• Accumulated losses increased to $57.1 million.

Outlook and guidance

• The company expects to continue as a going concern, with potential funding from capital raising, asset sales, or disposal of PWM investment.

• Material uncertainty exists regarding the ability to continue as a going concern if sufficient funding is not secured.