In FY25, Carbonxt saw significant progress with a 7.1% increase in revenue, improved margins, and a reduction in EBITDA loss by 85%. Capital management was strengthened, and operational focus led to a leaner cost base. The company's U.S. manufacturing assets performed well, and the Kentucky facility is nearing completion, expected to expand production capacity by 200%. The regulatory landscape favors Carbonxt, with growing demand for domestic activated carbon solutions.

As we move into FY26, our focus is on commissioning the Kentucky facility, leveraging regulatory momentum, sustaining operational discipline, and growing sales volumes. With three U.S. facilities operational or nearing commissioning, we are well-positioned for growth. We thank shareholders, Pure Asset Management, and our dedicated employees for their support and expertise.

For more information or questions, feel free to reach out to Warren Murphy, Managing Director, or Mark Flynn, Investor Relations. FY25 has set a strong foundation, and FY26 will be about delivery, expanding our market position, and capitalizing on industry forces. We are excited about the future and remain committed to driving growth and value for our stakeholders.