ACN 009 260 306 HALF-YEAR FINANCIAL REPORT FOR THE PERIOD ENDED 31 DECEMBER 2025 CONTENTS CORPORATE DIRECTORY............................................................................................................................ 1 APPENDIX 4D - RESULTS FOR ANNOUNCEMENT TO THE ASX.............................................................. 2 DIRECTORS’ REPORT................................................................................................................................... 4 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 .................................................................................. 13 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025........................................................................................................................... 14 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 .................................................................................. 15 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 .................................................................................. 16 NOTES TO THE FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 .................................................................................. 17 DIRECTORS' DECLARATION........................................................................................................................ 36 AUDITOR'S INDEPENDENCE DECLARATION ........................................................................................... 37 INDEPENDENT AUDITOR'S REVIEW REPORT........................................................................................... 38 WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 i CORPORATE DIRECTORY DIRECTORS Hon. Cheryl L Edwardes AO (Non-Executive Chair) Wayne C Bramwell (Managing Director) Fiona J Van Maanen (Non-Executive Director) Gary R Davison (Non-Executive Director) Julius L Matthys (Non-Executive Director) David N Kelly (Non-Executive Director) Ivan J Mullany (Non-Executive Director) Shirley E In’t Veld (Non-Executive Director) COMPANY SECRETARY Susan Park SENIOR EXECUTIVES Su Hau (Tommy) Heng (Chief Financial Officer) Aaron Rankine (Chief Operating Officer) REGISTERED OFFICE Level 13, 200 St Georges Terrace Perth WA 6000 P: +61 8 9462 3400 E: perth.reception@westgold.com.au W: www.westgold.com.au POSTAL ADDRESS PO Box 7068 Cloisters Square WA 6850 SECURITIES EXCHANGE Listed on the Australian Securities Exchange and Toronto Stock Exchange. ASX Code: WGX TSX Code: WGX SHARE REGISTRY Computershare Investors Services Pty Ltd Level 17, 221 St Georges Terrace Perth WA 6000 P: +61 8 9323 2000 F: +61 8 9323 2033 W: www.computershare.com DOMICILE AND COUNTRY OF INCORPORATION Australia WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 1 APPENDIX 4D - RESULTS FOR ANNOUNCEMENT TO THE ASX This Appendix 4D is to be read in conjunction with the 2025 Annual Financial Report, the 31 December 2025 Half year Financial Report and Directors’ Report. DIVIDEND INFORMATION During the period, the FY25 unfranked dividend of 3 cents per share was paid. CONSOLIDATED RESULTS Consolidated 31 December 31 December Movement Movement 2025 2024 $000 $000 $000 % Revenue $1,237,563 $623,952 $613,611 98 % Cost of sales $(774,927) $(497,711) $(277,216) (56)% Profit before tax attributable to members $270,687 $4,627 $266,060 5750 % Net (loss)/profit after tax attributable to members $190,733 $(27,561) $218,294 792 % Cash inflow from operating activities $531,743 $125,366 $406,377 324 % Cash outflow used in investing activities $(135,654) $(256,678) $121,024 47 % Cash (outflow)/inflow used in financing activities $(115,749) $18,194 $(133,943) (736)% Gold produced - Total 195,355 oz 158,255oz 37,100 oz 23 % Consolidated 31 December 30 June Movement Movement 2025 2025 $000 $000 $000 % Assets $3,453,143 $3,205,010 $248,133 8 % Liabilities $1,324,346 $1,235,534 $88,812 7 % Net Assets $2,128,797 $1,969,476 $159,321 8 % Cash and cash equivalents $520,579 $240,247 $280,332 117 % Financial assets at fair value through profit and loss $108,948 $43,506 $65,442 150 % Net tangible assets per share 1 $2.24 $2.09 $0.15 7 % 1 Net tangible assets include right-of-use assets. ANALYSIS OF CONSOLIDATED RESULTS Revenue: Reflects the increase in the achieved gold price to $5,877/oz from $3,910/oz in the comparative period and a substantial increase in gold ounces sold. The increased gold sales was driven by a 23% growth in gold production to 195,355oz in the period including 24,919oz from the Ore Purchase Agreement (OPA), compared to 158,255oz in the comparative period. Cost of sales: The increase was a result of increased production in comparison to the previous period and the election to purchase high grade oxide ore under the OPA in the period. Net Profit After Tax: The increase Net Profit After tax was a result of increased production, achieved gold price to $5,877/oz from $3,910/oz in the comparative period. This was partially offset by the loss on assets held for sale of the Mt Henry gold Project and the corresponding Income tax relating to the increased profits. Assets: the increase is mainly a result of ongoing capital development and the infrastructure upgrades completed across the Group. Cash and cash equivalents: The increase in cash and cash equivalents was predominantly driven by the increased gold price and production, resulting in increased cash generation. ASX Announcement 26 February 2026 WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 2 CHANGES IN CONTROLLED ENTITIES During the period, Valiant Gold Resources Limited was incorporated on the 14th of October 2025, and Red Hill Gold USA Corp was dissolved on the 23rd of December 2025. WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 3 DIRECTORS’ REPORT The Directors submit their report together with the financial report of Westgold Resources Limited (Westgold or the Company) and of the Consolidated Entity, being the Company and its controlled entities (the Group), for the half year ended 31 December 2025. DIRECTORS The names of the Company's directors in office during the half-year and until the date of this report are set out below. Directors were in office for this entire period unless otherwise stated. Hon. Cheryl L Edwardes AO (Non-Executive Chair) Wayne C Bramwell (Managing Director) Fiona J Van Maanen (Non-Executive Director) Gary R Davison (Non-Executive Director) Julius L Matthys (Non-Executive Director) David N Kelly (Non-Executive Director) Ivan J Mullany (Non-Executive Director) Shirley E In’t Veld (Non-Executive Director) ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE (ESG) Westgold operates safely and responsibly while delivering value to our shareholders, employees, regional communities, and the value chain connected to our operations. We drive local economic growth through strategic employment and procurement, while recognising that our operations occur on the traditional lands of First Nations peoples. Respect for Country, cultural heritage and our land access agreements underpin our work. Our Environmental, Social, and Governance (ESG) approach supports risk management and operational resilience. We focus on long-term performance by managing our environmental impacts, meeting regulatory obligations, engaging with stakeholders, and prioritising initiatives that deliver operational efficiency and support long-term value creation. We are currently maturing our climate governance and data quality in alignment with mandatory climate-related financial disclosure requirements. Westgold’s refreshed ESG Strategy will be released alongside our full-year results. We are continuously maturing the systems that protect our people, with a focus on Fatality Prevention, Injury Reduction, and Leadership. This year, we refreshed our Critical Risk Management (CRM) framework, with implementation scheduled for H2 FY26. The updated framework provides clarity on risk identification, control verification, and the mandate to cease work if controls are compromised. This approach ensures disciplined, informed decision-making at the frontline. At the end of H1 FY26, Westgold recorded a Total Recordable Injury Frequency Rate (TRIFR) of 9.52 injuries per million hours worked. Although our all-injury frequency rate (AIFR) has remained stable, this increase in TRIFR is attributed to a change in classification to restricted work injuries following audits of injuries as part of our strengthened governance process. Following the most recent audit, we updated our Incident Reporting Procedure and Injury Classification Guidelines to enhance the accuracy and consistency of safety reporting. This uplift in data quality, combined with an increased focus on positive reporting and deeper analysis of injury mechanisms, will support more targeted and effective injury prevention programs for our workforce. WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 4 REVIEW OF OPERATIONS Westgold is a gold producing company. The Group’s assets are located in Western Australia and comprise its 100% interest in the Murchison and Southern Goldfields operations. The Murchison incorporates three processing hubs (Fortnum, Meekatharra and Cue), four underground mines (Bluebird-South Junction, Starlight, Big Bell, and Fender), and one development project (Great Fingall). The Southern Goldfields incorporates the Higginsville processing hub and the Beta Hunt and Two Boys underground mines. Group Operational Results • Record consolidated total profit before income tax of $270.7M (2024: $4.6M) • Record consolidated profit/(loss) after tax $190.7M (2024: ($27.6M)) • Record total consolidated revenue of $1,237.6M (2024: $624.0M); • Total cost of sales of $774.9M (2024: $497.7M); • Cash flows from operating activities of $531.7M (2024: $125.4M); • Cash flows used in investing activities of $135.7M (2024: $256.7M); • Cash flows used in financing activities of $115.7M (2024: $18.2M). The financial outcomes reflect a profit before income tax of $270.7M as a result of an increase in consolidated gross profits to $462.6M in comparison to the prior period due to an increase in the achieved gold price to $5,877/oz and production offset by increased cost of sales associated with the additional production. This was offset by the one-off loss on expected disposal of the Mt Henry and Selene assets of $177.9 M. Refer to Note 25, within the notes of the financial statements for the consideration price applied to the carrying value of the assets and liabilities at 31 December 2025. Cash flows from operating activities of $531.7M increased due to increased achieved gold price and increased gold produced, offset by the stamp duty payment $75.7M for the Karora Acquisition. Cash flows used in investing activities of $135.7M mainly include investments in mine properties and development relating to the continued expansion and development of the existing operating mines. This was partially offset by the final proceeds received from the Lakewood sale. Cash flows used in financing activities of $115.7M include the debt repayment of $50M. Refer to the below table for underlying financial results. Statutory earnings reconciliation ($M) EBITDA EBIT NPBT NPAT Underlying earnings 612.0 459.3 447.2 313.9 Less: Loss on assets held for sale* (177.9) (177.9) (177.9) (177.9) Less: Exploration and evaluation expenditure written off (0.1) (0.1) (0.1) (0.1) Add: Reversal of Impairment of an associate 1.5 1.5 1.5 1.5 Add: Impact of adjustments on income tax expense* n/a n/a n/a 53.3 Statutory earnings 435.5 282.8 270.7 190.7 The Company’s operating margin remained competitive at 35% with Westgold achieving an EBITDA of $436M for the half. These strong margins generated a gross profit of $463M, which was then offset predominantly by a one-off, non- cash loss of $178M ($125M after tax) on the sale of Mt Henry-Selene, resulting in a profit before income tax of $271M and a net profit after tax of $191M. Whilst the impact of the sale of Mt Henry-Selene to earnings were non-cash, its important to note that the sale generated immediate real cash inflows of $15M and approximately $65M in Alicanto shares (representing a 19.9% strategic stake), and up to $30M in deferred consideration payable in cash or shares upon the achievement of agreed project milestones. Excluding the aforementioned one-off, non-cash loss on assets held for sale, the Group’s underlying EBITDA and net profit after tax was $612M and $314M respectively. WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 5 About Westgold Westgold Resources Limited (ASX: WGX, TSX: WGX) is a leading, ASX200 Australian gold producer, with a clear purpose - to unearth enduring value for all our stakeholders. Our vision is to become the leading Australian gold company, sustaining safe, responsible and profitable production. Our operations comprise four mining hubs, with combined processing capacity of ~6Mtpa across the Murchison and Southern Goldfields, two of Western Australia’s most prolific gold-producing regions. The company is debt free and remains 100% unhedged, providing full exposure to rising gold prices. Westgold produced 195,355 ounces of gold in H1 FY26 and is well placed to meet its FY26 full year production guidance of 345,000 to 385,000 ounces. WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 6 REVIEW OF OPERATIONS (CONTINUED) Corporate Debt As at 31 December 2025 Westgold has access to a debt facility of $100M under the Syndicated Facility Agreement with ING Bank (Australia) Limited and Societe Generale. During the 31 December 2025 period, Westgold repaid all outstanding debt of $50M, resulting in the Group being debt free at the end of the period. Divestment of Non-core assets During the period, Westgold executed a binding Asset Sale Agreement with Alicanto Minerals Limited (ASX: AQI) for the divestment of the Mt Henry–Selene Gold Project near Norseman, Western Australia. With the transaction closed on 13 February 2026, the total consideration of approximately $110M comprises $15M in cash, approximately $65M in Alicanto shares (representing a 19.9% strategic stake), and up to $30M in deferred consideration payable in cash or shares upon the achievement of agreed project milestones. This transaction is consistent with Westgold’s strategy to focus on its core operating assets and unlock value from non- core holdings, while retaining exposure to future upside through a strategic shareholding in Alicanto. Valiant Gold Demerger Westgold announced the demerger of its non-core Reedy’s and Comet gold assets in the Murchison region into a new ASX-listed company, Valiant Gold Limited, via a proposed demerger and concurrent initial public offering subject to approval from the Australian Securities Exchange (ASX)1 . The transaction is intended to unlock value from these assets which are not included in Westgold’s long term plans, while simplifying the Company’s portfolio and sharpening its focus on larger, core operations. Valiant is expected to be a well-funded, standalone gold company with a dedicated management team and a clear pathway to near-term cash flow through an ore purchase agreement to be entered into with Westgold, providing access to Westgold’s processing infrastructure at Meekatharra. Following completion of the demerger and IPO, Westgold is expected to retain a significant equity interest in Valiant, preserving exposure to exploration and development upside. Consolidated Operational Results The Group reported an increase in revenue compared to the previous corresponding period with a 50% increase in the achieved gold price and increased gold production. Group Unit Half-year ended Half-year ended 31 December 2025 31 December 2024 Ore Processed t 2,884,618 2,631,566 Head Grade g/t 2.3 2.1 Recovery % 93% 91% Gold Produced oz 195,355 158,255 Gold Sold oz 210,113 159,081 Achieved Gold Price A$/oz 5,877 3,910 All-in Sustaining Costs* – exc. OPA A$/oz 2,871 2,562 All-in Sustaining Costs* - Total A$/oz 3,225 2,562 * All-in Sustaining Cost (AISC): represents the cost for mining, processing and administration after accounting for movements in inventory (predominantly ore stockpiles) and royalties. It also includes sustaining capital expense but excludes capital costs for exploration, mine development and plant and equipment. Note that AISC $/oz is non-IFRS measures and have not been audited. This are widely used “industry standard” terms that certain investors use to evaluate company performance. WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 7 1 Refer to ASX announcement titled "Westgold to Spin-Out Non-Core Assets to Valiant", dated 15 December 2025 REVIEW OF OPERATIONS (CONTINUED) Operating Segments Revenue increased over the previous corresponding period due to higher gold prices being achieved and increased production. Depreciation and amortisation charges increased over the previous corresponding period reflecting the increased production and larger cost base due to $131.7M of Exploration and Evaluation assets transferred to Mine Properties and Development during the period. The amortisation in the Murchison decreased as a result of the Fender mine nearing the end of its life. Operation Revenue Cash Costs of Sales Amortisation/Depreciation 2025 2024 2025 2024 2025 2024 $M $M $M $M $M $M Murchison 855.2 389.9 449.1 211.9 65.1 84.0 Southern Goldfields 382.3 234.0 212.2 157.4 85.5 51.7 Other - - 5.8 4.0 1.6 0.9 Total 1,237.5 623.9 667.1 373.3 152.2 136.6 Capital Investment Activities The Capital Investment activities during the period was driven by investment in growth projects (Bluebird-South Junction and the Great Fingall development), budgeted investments in resource development, and exploration as Westgold continues to invest in expansion and discovery within its extensive tenements holdings. Cash flows used in investing activities totalled $135.7M, lower than the previous period of $256.7M as a result of the significant net cash outflow in the prior period for the Karora Acquisition. Across each major operating unit, investment compared to the previous year is summarised below by the categories Mine Properties & Development (MP&D), Exploration & Evaluation (E&E) and Plant & Equipment (P&E). Operation MP&D E&E P&E 2025 2024 2025 2024 2025 2024 $M $M $M $M $M $M Murchison 85.7 85.4 9.2 15.4 18.7 20.1 Southern Goldfields 20.6 12.7 8.9 7.6 15.4 13.5 Other - - - - 1.5 1.0 Total 106.3 98.1 18.1 23.0 35.6 34.6 Annual Ore Reserve and Mineral Resource Updates Westgold released its annual update of Ore Reserves and Mineral Resources on 3 September 2025. The Group’s total gold Mineral Resource Estimate as at 30 June 2025 increased by 24% year-on-year to 231Mt at 2.2 g/t for 16.3Moz, following a focused exploration and resource definition program. Notably, the maiden Stage 1 Mineral Resource Estimate for the Fletcher Zone at Beta Hunt delivered 2.3Moz, effectively doubling the Beta Hunt Mineral Resource. Significant growth was also achieved at Bluebird–South Junction (up 35% to 1.3Moz) and Starlight (up 46% to 866koz), with both assets reporting increases post-mining depletion. These results underscore the value of Westgold’s ongoing investment in organic growth and the strong potential within its Western Australian portfolio. Ore Reserves as at 30 June 2025 grew by 5% to 56Mt at 1.9 g/t for 3.5Moz, marking the second consecutive year of post- depletion Ore Reserve growth. This uplift was driven by substantial increases at Bluebird–South Junction (up 90% to 528koz) and Starlight (up 94% to 250koz), offsetting mining depletions at other operations. With a current milling capacity of 5.7 Mtpa, Westgold’s estimated Ore Reserve life stood at approximately 10 years at 30 June 2025. WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 8 REVIEW OF OPERATIONS (CONTINUED) In events subsequent to the period, Westgold divested the Mt Henry-Selene project, which had associated with it a Mineral Resource of 24Mt at 1.2g/t gold for 0.9Moz contained gold and a Ore Reserve of 11.7Mt at 1.3g/t Au for 478,300oz. Murchison The Murchison Operations incorporate three processing hubs (Fortnum, Meekatharra and Cue) and four underground mines (Bluebird-South Junction, Starlight, Big Bell, and Fender). Gold production increased to 134,074oz from the previous corresponding period of 99,350oz. Westgold’s Murchison Operations WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 9 REVIEW OF OPERATIONS (CONTINUED) Fortnum Hub The Fortnum processing hub encompasses a processing plant, with a throughput capacity of between 0.8 and 1 million tonnes per annum. The Fortnum operations are the northern most sites in the Murchison and encompass the historic mining centres of Starlight, Labouchere, Fortnum, Horseshoe and Peak Hill and a 200-person Village and airstrip and other services to support this FIFO site in addition to the processing facility. Ore production for the half-year was predominantly from the Starlight underground mine. Meekatharra Hub Located centrally in the Murchison is the Meekatharra Processing Hub near the Meekatharra township. The processing hub consists of a 1.6-1.8 million tonnes per annum processing plant, a 420-person village and other associated surface infrastructure. The Bluebird Processing Hub is predominantly fed by ore from the adjacent Bluebird-South Junction underground mine, supplemented by ore purchased through the OPA from New Murchison Gold and excess ore from other mines and stockpiles within the Group's portfolio. When South Junction commences steady state mining, the Bluebird-South Junction mine is expected to mine at a rate of 1.2Mtpa. Cue Hub The Cue Processing hub is a processing plant with a capacity of 1.2-1.4 million tonnes per annum, situated approximately 30km from the town of Cue. The Big Bell underground mine and Fender satellite underground mine are located 60km west of the plant, produces around 1 million tonnes of ore per year serving as the primary feed source for the Cue Hub. The historic, high grade, Great Fingall mine is a development project located closer to Cue, Great Fingall had its first 'virgin' stope in H1 FY26 and commercial production is expected in FY27 providing additional feed for the Cue and Meekatharra Hubs. The Company operates two villages in the Cue region, one at the regional town of Cue (266-person capacity) and the other at Big Bell (160-person capacity). Southern Goldfields The Southern Goldfields Operations incorporate the Higginsville processing hub and the Beta Hunt and Two Boys underground mines Gold production increased to 61,281oz from the previous corresponding period of 58,905oz. Higginsville Hub The Higginsville Processing Hub is a 1.6 million tonnes per annum processing plant, located 57 km south of Beta Hunt and 107 km south of Kalgoorlie-Boulder. The Higginsville Hub processes ore primarily from the Beta Hunt mine, with additional ore from Two Boys. During the period, Westgold progressed a proposed acquisition of the Bluebush Accommodation Village in Kambalda, having been selected as the Shire of Coolgardie’s preferred bidder. Westgold’s $22.1M cash offer covers the entire Bluebush Village land package and supports the Company’s strategy to secure long-termSyntax Error: Unknown form type accommodation capacity for its expanding Southern Goldfields operations. The modern 327-room village enhances operational resilience and reduces reliance on third-party providers. The Shire Council will make a final decision in late February 2026 ahead of a planned settlement in late March 2026 (subject to Council final approval). WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 10 Westgold’s Southern Goldfields Operations End of Directors’ Report WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 11 AUDITOR'S INDEPENDENCE The auditor’s independence declaration is included on page 36 of this report. Signed in accordance with a resolution of the directors. Hon. Cheryl L Edwardes AO Non-Executive Chair 25 February 2026 WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 12 CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 Half-year ended 31 December 2025 2024 Note $000 $000 Revenue 3 1,237,563 623,952 Cost of sales (774,927) (497,711) Gross profit 462,636 126,241 Finance income 6,352 1,660 Other income 4 63,775 5,747 Finance costs (18,484) (5,395) Acquisition costs 5 - (83,559) Other expenses 6 (46,138) (28,834) Fair value movement on financial instruments 16 (20,678) (9,470) Exploration and evaluation expenditure written off 13 (142) (807) Loss on assets held for sale 25 (177,863) - Reversal of Impairment of an associate 10 1,491 - Share of loss of an associate 10 (262) (956) Profit before income tax 270,687 4,627 Income tax expense 7 (79,954) (32,188) Profit/(Loss) for the period 190,733 (27,561) Profit/(Loss) attributable to: Members of the parent entity 190,733 (27,561) 190,733 (27,561) Other comprehensive income for the year, net of tax Items that may be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations (6,755) 5,698 Total comprehensive income for the period 183,978 (21,863) Total comprehensive income attributable to: Members of the parent entity 183,978 (21,863) Earnings per share attributable to the ordinary equity holders of the parent (cents per share) Basic profit/(loss) per share 20.20 (2.92) Diluted profit/(loss) per share 19.99 (2.92) WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 13 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025 31 December 2025 30 June 2025 Note $000 $000 CURRENT ASSETS Cash and cash equivalents 520,579 240,247 Trade and other receivables 17,308 36,049 Inventories 8 165,217 165,870 Prepayments 10,771 11,825 Other financial assets 3,975 2,391 Assets classified as held for sale 25 83,342 - Total current assets 801,192 456,382 NON-CURRENT ASSETS Financial assets at fair value through profit and loss 9 108,948 43,506 Investment in associate 10 3,778 2,550 Property, plant and equipment 11 438,681 353,310 Mine properties and development 12 1,518,450 1,392,427 Exploration and evaluation expenditure 13 582,094 956,835 Total non-current assets 2,651,951 2,748,628 TOTAL ASSETS 3,453,143 3,205,010 CURRENT LIABILITIES Trade and other payables 14 358,421 257,669 Provisions 26,270 25,036 Interest-bearing loans and borrowings 15 63,212 100,459 Financial liability 16 14,018 10,009 Liabilities directly associated with assets classified as held for sale 25 2,662 - Total current liabilities 464,583 393,173 NON-CURRENT LIABILITIES Provisions 24 124,737 129,770 Interest-bearing loans and borrowings 15 98,055 46,798 Financial liability 16 54,864 44,322 Deferred tax liabilities 24 582,107 621,471 Total non-current liabilities 859,763 842,361 TOTAL LIABILITIES 1,324,346 1,235,534 NET ASSETS 2,128,797 1,969,476 EQUITY Issued capital 17 1,705,634 1,704,951 Accumulated profit 218,728 56,245 Share-based payments reserve 27,696 24,786 Foreign currency translation reserve (4,755) 2,000 Other reserves 181,494 181,494 TOTAL EQUITY 2,128,797 1,969,476 WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 14 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 Half-year ended 31 December 2025 2024 Note $000 $000 OPERATING ACTIVITIES Receipts from customers 1,237,563 623,952 Interest received 6,352 1,926 Receipts from other income 392 158 Payments to suppliers and employees (622,733) (458,979) Payments for acquisition related costs - (38,836) Interest paid (7,693) (2,855) Tax paid (6,390) - Payments for stamp duty (75,748) - Net cash flows from operating activities 531,743 125,366 INVESTING ACTIVITIES Payments for property, plant and equipment (35,574) (34,623) Payments for mine properties and development (106,297) (98,143) Payments for exploration and evaluation (18,118) (23,038) Proceeds from sale of financial assets 483 410 Payments for purchase of financial assets (2,361) - Proceeds from sale of property, plant and equipment 213 1,585 Net cash inflow from Assets sales 24 26,000 - Net cash outflow on acquisition of a subsidiary - (102,869) Net cash flows used in investing activities (135,654) (256,678) FINANCING ACTIVITIES (Payments)/Proceeds from borrowing (50,000) 50,000 Payments of equipment loans (27,141) (24,725) Payments for lease liabilities (8,349) (1,153) Payments for bank guarantee (1,584) - Payments for Share buyback (425) - Payments for dividends (28,250) (5,928) Net cash flows (used in)/provided by financing activities (115,749) 18,194 Net increase/(decrease) in cash and cash equivalents 280,340 (113,118) Cash and cash equivalents at the beginning of the period 240,247 236,039 Effects of exchange rate changes on cash and cash equivalents (8) (106) Cash and cash equivalents at the end of the period 520,579 122,815 WESTGOLD RESOURCES LIMITED HALF YEAR FINANCIAL REPORT 31 DECEMBER 2025 15 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE HALF-YEAR ENDED 31 DECEMBER 2025 Issued capital Accumulated profit/(loss) Share-based payments reserve Other reserve Foreign currency translation reserve Total equity $000 $000 $000 $000 $000 $000 At 1 July 2025 1,704,951 56,245 24,786 181,494 2,000 1,969,476 Profit for the period - 190,733 - - - 190,733 Other comprehensive income, net of tax - - - - (6,755) (6,755) Total comprehensive profit for the period net of tax - 190,733 - - (6,755) 183,978 Transactions with owners