Announcement PDF BPH Global Limited Appendix 4E Preliminary final report 1. Company details Name of entity: ABN: Reporting period: Previous period: BPH Global Limited 12 345 678 901 For the year ended 30 June 2025 For the year ended 30 June 2024 2. Results for announcement to the market $ Revenues from ordinary activities up 161.7% to 287,992 Loss from ordinary activities after tax attributable to the owners of BPH Global Limited down 50.4% to (1,314,393) Loss for the year attributable to the owners of BPH Global Limited down 50.4% to (1,314,393) Dividends There were no dividends paid, recommended or declared during the current financial period. Comments The loss for the consolidated entity after providing for income tax and non-controlling interest amounted to $1,314,393 (30 June 2024: $2,651,814). During the year the Group commenced operations in Indonesia, operating a seaweed sales operation, with offtake agreements entered into to secure sales revenues for the Group. 3. Net tangible assets Reporting period Cents Net tangible assets per ordinary security (0.12) Previous period Cents (0.36) 4. Control gained over entities Name of entities (or group of entities) PT BPH Global Indonesia Date control gained February 2025 Company was opened to operate the assets acquired from PT Mitro Gro Global and its owners, Rajiv Ramnarayan and Deepak Jha. 5. Loss of control over entities Not applicable. 6. Dividends Current period There were no dividends paid, recommended or declared during the current financial period. BPH Global Limited Appendix 4E Preliminary final report Previous period There were no dividends paid, recommended or declared during the previous financial period. 7. Dividend reinvestment plans Not applicable. 8. Details of associates and joint venture entities Joint venture and associates are unchanged from the prior year, and did not operate during the year. 9. Audit qualification or review Details of audit/review dispute or qualification (if any): The audit of the financial statements are ongoing and these financial statements are unaudited. 10. Attachments Details of attachments (if any): The Preliminary Report of BPH Global Limited for the year ended 30 June 2025 is attached. 11. Signed Signed ___________________________ Justyn Stedwell - Secretary Date: 29 August 2025 BPH Global Limited ABN 12 345 678 901 Preliminary Report - 30 June 2025 BPH Global Limited Contents 30 June 2025 Statement of profit or loss and other comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to the financial statements 2 4 5 6 7 General information The financial statements cover BPH Global Limited as a consolidated entity consisting of BPH Global Limited and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is BPH Global Limited's functional and presentation currency. BPH Global Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business are: Registered office Suite 324, 96 Elizabeth St Melbourne VIC 3000 A description of the nature of the consolidated entity's operations and its principal activities are included in the directors' report, which is not part of the financial statements. The financial statements were authorised for issue, in accordance with a resolution of directors, on 25 June 2025. The directors have the power to amend and reissue the financial statements. 1 BPH Global Limited Statement of profit or loss and other comprehensive income For the year ended 30 June 2025 Note Revenue 4 Consolidated 2025 2024 $ $ 287,838 109,965 154 65 (267,451) (458,840) (287,270) (135,738) (226,623) (98) (70,570) (122,905) (33,514) (91,695) (703,547) (475,556) (258,748) (277,339) (38,333) (407,477) (20,411) (1,315,017) (2,163,076) - - (1,315,017) (2,163,076) - (673,170) (1,315,017) (2,836,246) Items that may be reclassified subsequently to profit or loss Foreign currency translation (13,045) (10,778) Other comprehensive income for the year, net of tax (13,045) (10,778) Total comprehensive income for the year (1,328,062) (2,847,024) Loss for the year is attributable to: Non-controlling interest Owners of BPH Global Limited (624) (1,314,393) (184,432) (2,651,814) (1,315,017) (2,836,246) 624 624 (45,481) (138,951) (184,432) (1,328,686) (1,328,686) (2,662,592) (2,662,592) (1,328,062) (2,847,024) Interest revenue calculated using the effective interest method Expenses Cost of sales Staff costs and directors' fees Professional fees Marketing and travel Administrative expenses Depreciation Research and development expenses Loss on conversion of liabilities to equity Impairment of inventory, receivables, intangibles and PPE Finance costs Loss before income tax expense from continuing operations Income tax expense Loss after income tax expense from continuing operations Loss after income tax expense from discontinued operations Loss after income tax expense for the year Other comprehensive income Total comprehensive income for the year is attributable to: Continuing operations Discontinued operations Non-controlling interest Continuing operations Discontinued operations Owners of BPH Global Limited The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 2 BPH Global Limited Statement of profit or loss and other comprehensive income For the year ended 30 June 2025 Cents Earnings per share for loss from continuing operations attributable to the owners of BPH Global Limited Basic earnings per share Diluted earnings per share 15 15 Cents (0.23) (0.23) Earnings per share for loss attributable to the owners of BPH Global Limited The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 3 (0.14) (0.14) BPH Global Limited Statement of financial position As at 30 June 2025 Note Consolidated 2025 2024 $ $ Assets Current assets Cash and cash equivalents Trade and other receivables Inventories Other Total current assets 5 6 7 166,655 212,737 133,978 852 514,222 133,619 99,355 49,284 1,206 283,464 2,269 1 2,270 1 1 516,492 283,465 1,765,635 31,981 1,797,616 1,402,134 254,321 46,050 1,702,505 Total liabilities 1,797,616 1,702,505 Net liabilities (1,281,124) (1,419,040) 80,215,756 1,791,379 (83,274,132) (1,266,997) (14,127) 78,879,134 1,919,342 (82,204,013) (1,405,537) (13,503) (1,281,124) (1,419,040) Non-current assets Property, plant and equipment Intangibles Total non-current assets Total assets Liabilities Current liabilities Trade and other payables Borrowings Employee benefits Total current liabilities 8 9 10 Equity Issued capital Reserves Accumulated losses Deficiency in equity attributable to the owners of BPH Global Limited Non-controlling interest Total deficiency in equity 11 12 The above statement of financial position should be read in conjunction with the accompanying notes 4 BPH Global Limited Statement of changes in equity For the year ended 30 June 2025 Noncontrolling interest $ Total deficiency in equity $ (81,308,147) 170,929 191,063 - (2,651,814) (184,432) (2,836,246) - (10,778) - - (10,778) - (10,778) (2,651,814) (184,432) (2,847,024) 646,306 44,672 - 384,604 71,171 90,168 (1,755,948) 1,755,948 - 1,030,910 71,171 134,840 - Balance at 30 June 2024 78,879,134 1,919,342 (82,204,013) (13,503) (1,419,040) Consolidated Issued capital $ Reserves $ Retained profits $ Noncontrolling interest $ Total deficiency in equity $ Balance at 1 July 2024 78,879,134 1,919,342 (82,204,013) (13,503) (1,419,040) Loss after income tax expense for the year Other comprehensive income for the year, net of tax - - (1,314,393) (624) (1,315,017) - (13,045) - - (13,045) Total comprehensive income for the year - (13,045) (1,314,393) (624) (1,328,062) 526,534 175,000 280,088 305,000 50,000 - 129,356 (244,274) 244,274 - 655,890 175,000 280,088 305,000 50,000 - 80,215,756 1,791,379 (83,274,132) (14,127) (1,281,124) Consolidated Issued capital $ Reserves $ Retained profits $ Balance at 1 July 2023 78,188,156 3,140,125 Loss after income tax expense for the year Other comprehensive income for the year, net of tax - Total comprehensive income for the year Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs (note 11) Share-based payments Conversion of convertible notes into equity Cancellation/expiry of options Transactions with owners in their capacity as owners: Contributions of equity, net of transaction costs (note 11) Share-based payments Conversion of convertible note Conversion of loans Issue of equity to acquire assets Cancellation/expiry of options Balance at 30 June 2025 The above statement of changes in equity should be read in conjunction with the accompanying notes 5 BPH Global Limited Statement of cash flows For the year ended 30 June 2025 Note Cash flows from operating activities Receipts from customers (inclusive of GST) Payments to suppliers (inclusive of GST) Consolidated 2025 2024 $ $ 287,907 (1,133,020) 109,966 (1,350,139) Interest received Interest and other finance costs paid (845,113) 84 (18,129) (1,240,173) 65 - Net cash used in operating activities (863,158) (1,240,108) Cash flows from investing activities Payments for property, plant and equipment Proceeds from disposal of subsidiary Cash acquired on acquisition of subsidiary 1,989 - 185,714 266 Net cash from investing activities 1,989 185,980 602,975 305,000 321,850 368,750 13,152 Net cash from financing activities 907,975 703,752 Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year Effects of exchange rate changes on cash and cash equivalents 46,806 133,619 (13,770) (350,376) 510,217 (26,222) 166,655 133,619 Cash flows from financing activities Proceeds from issue of shares Proceeds from convertible note Proceeds from borrowings 11 Cash and cash equivalents at the end of the financial year 5 The above statement of cash flows should be read in conjunction with the accompanying notes 6 BPH Global Limited Notes to the financial statements 30 June 2025 Note 1. Material accounting policy information The accounting policies that are material to the consolidated entity are set out below. The accounting policies adopted are consistent with those of the previous financial year, unless otherwise stated. New or amended Accounting Standards and Interpretations adopted The consolidated entity has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. Basis of preparation These general purpose financial statements have been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') and the Corporations Act 2001, as appropriate for for-profit oriented entities. These financial statements also comply with International Financial Reporting Standards as issued by the International Accounting Standards Board ('IASB'). Historical cost convention The financial statements have been prepared under the historical cost convention. Critical accounting estimates The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the consolidated entity's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2. Parent entity information Principles of consolidation The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of BPH Global Limited ('company' or 'parent entity') as at 30 June 2025 and the results of all subsidiaries for the year then ended. BPH Global Limited and its subsidiaries together are referred to in these financial statements as the 'consolidated entity'. Subsidiaries are all those entities over which the consolidated entity has control. The consolidated entity controls an entity when the consolidated entity is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the consolidated entity. They are de-consolidated from the date that control ceases. Intercompany transactions, balances and unrealised gains on transactions between entities in the consolidated entity are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the consolidated entity. The acquisition of subsidiaries is accounted for using the acquisition method of accounting. A change in ownership interest, without the loss of control, is accounted for as an equity transaction, where the difference between the consideration transferred and the book value of the share of the non-controlling interest acquired is recognised directly in equity attributable to the parent. Non-controlling interest in the results and equity of subsidiaries are shown separately in the statement of profit or loss and other comprehensive income, statement of financial position and statement of changes in equity of the consolidated entity. Losses incurred by the consolidated entity are attributed to the non-controlling interest in full, even if that results in a deficit balance. Where the consolidated entity loses control over a subsidiary, it derecognises the assets including goodwill, liabilities and noncontrolling interest in the subsidiary together with any cumulative translation differences recognised in equity. The consolidated entity recognises the fair value of the consideration received and the fair value of any investment retained together with any gain or loss in profit or loss. 7 BPH Global Limited Notes to the financial statements 30 June 2025 Note 1. Material accounting policy information (continued) Operating segments Operating segments are presented using the 'management approach', where the information presented is on the same basis as the internal reports provided to the Chief Operating Decision Makers ('CODM'). The CODM is responsible for the allocation of resources to operating segments and assessing their performance. Foreign currency translation The financial statements are presented in Australian dollars, which is BPH Global Limited's functional and presentation currency. Foreign currency transactions Foreign currency transactions are translated into Australian dollars using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at financial year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss. Foreign operations The assets and liabilities of foreign operations are translated into Australian dollars using the exchange rates at the reporting date. The revenues and expenses of foreign operations are translated into Australian dollars using the average exchange rates, which approximate the rates at the dates of the transactions, for the period. All resulting foreign exchange differences are recognised in other comprehensive income through the foreign currency reserve in equity. The foreign currency reserve is recognised in profit or loss when the foreign operation or net investment is disposed of. Revenue recognition The consolidated entity recognises revenue as follows: Revenue from contracts with customers Revenue is recognised at an amount that reflects the consideration to which the consolidated entity is expected to be entitled in exchange for transferring goods or services to a customer. For each contract with a customer, the consolidated entity: identifies the contract with a customer; identifies the performance obligations in the contract; determines the transaction price which takes into account estimates of variable consideration and the time value of money; allocates the transaction price to the separate performance obligations on the basis of the relative stand-alone selling price of each distinct good or service to be delivered; and recognises revenue when or as each performance obligation is satisfied in a manner that depicts the transfer to the customer of the goods or services promised. Variable consideration within the transaction price, if any, reflects concessions provided to the customer such as discounts, rebates and refunds, any potential bonuses receivable from the customer and any other contingent events. Such estimates are determined using either the 'expected value' or 'most likely amount' method. The measurement of variable consideration is subject to a constraining principle whereby revenue will only be recognised to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognised will not occur. The measurement constraint continues until the uncertainty associated with the variable consideration is subsequently resolved. Amounts received that are subject to the constraining principle are recognised as a refund liability. Sale of goods Revenue from the sale of goods is recognised at the point in time when the customer obtains control of the goods, which is generally at the time of delivery. Interest Interest revenue is recognised as interest accrues using the effective interest method. This is a method of calculating the amortised cost of a financial asset and allocating the interest income over the relevant period using the effective interest rate, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset. Other revenue Other revenue is recognised when it is received or when the right to receive payment is established. 8 BPH Global Limited Notes to the financial statements 30 June 2025 Note 1. Material accounting policy information (continued) Income tax The income tax expense or benefit for the period is the tax payable on that period's taxable income based on the applicable income tax rate for each jurisdiction, adjusted by the changes in deferred tax assets and liabilities attributable to temporary differences, unused tax losses and the adjustment recognised for prior periods, where applicable. Deferred tax assets and liabilities are recognised for temporary differences at the tax rates expected to be applied when the assets are recovered or liabilities are settled, based on those tax rates that are enacted or substantively enacted, except for: ● When the deferred income tax asset or liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and that, at the time of the transaction, affects neither the accounting nor taxable profits; or ● When the taxable temporary difference is associated with interests in subsidiaries, associates or joint ventures, and the timing of the reversal can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognised for deductible temporary differences and unused tax losses only if it is probable that future taxable amounts will be available to utilise those temporary differences and losses. The carrying amount of recognised and unrecognised deferred tax assets are reviewed at each reporting date. Deferred tax assets recognised are reduced to the extent that it is no longer probable that future taxable profits will be available for the carrying amount to be recovered. Previously unrecognised deferred tax assets are recognised to the extent that it is probable that there are future taxable profits available to recover the asset. Deferred tax assets and liabilities are offset only where there is a legally enforceable right to offset current tax assets against current tax liabilities and deferred tax assets against deferred tax liabilities; and they relate to the same taxable authority on either the same taxable entity or different taxable entities which intend to settle simultaneously. Discontinued operations A discontinued operation is a component of the consolidated entity that has been disposed of or is classified as held for sale and that represents a separate major line of business or geographical area of operations, is part of a single co-ordinated plan to dispose of such a line of business or area of operations, or is a subsidiary acquired exclusively with a view to resale. The results of discontinued operations are presented separately on the face of the statement of profit or loss and other comprehensive income. Current and non-current classification Assets and liabilities are presented in the statement of financial position based on current and non-current classification. An asset is classified as current when: it is either expected to be realised or intended to be sold or consumed in the consolidated entity's normal operating cycle; it is held primarily for the purpose of trading; it is expected to be realised within 12 months after the reporting period; or the asset is cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least 12 months after the reporting period. All other assets are classified as non-current. A liability is classified as current when: it is either expected to be settled in the consolidated entity's normal operating cycle; it is held primarily for the purpose of trading; it is due to be settled within 12 months after the reporting period; or there is no right at the end of the reporting period to defer the settlement of the liability for at least 12 months after the reporting period. All other liabilities are classified as non-current. Deferred tax assets and liabilities are always classified as non-current. Cash and cash equivalents Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Trade and other receivables Other receivables are recognised at amortised cost, less any allowance for expected credit losses. 9 BPH Global Limited Notes to the financial statements 30 June 2025 Note 1. Material accounting policy information (continued) Inventories Stock on hand is stated at the lower of cost and net realisable value. Cost comprises of purchase and delivery costs, net of rebates and discounts received or receivable. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. Impairment of non-financial assets Non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. Recoverable amount is the higher of an asset's fair value less costs of disposal and value-in-use. The value-in-use is the present value of the estimated future cash flows relating to the asset using a pre-tax discount rate specific to the asset or cash-generating unit to which the asset belongs. Assets that do not have independent cash flows are grouped together to form a cash-generating unit. Trade and other payables These amounts represent liabilities for goods and services provided to the consolidated entity prior to the end of the financial year and which are unpaid. Due to their short-term nature they are measured at amortised cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition. Borrowings Loans and borrowings are initially recognised at the fair value of the consideration received, net of transaction costs. They are subsequently measured at amortised cost using the effective interest method. The component of the convertible notes that exhibits characteristics of a liability is recognised as a liability in the statement of financial position, net of transaction costs. On the issue of the convertible notes the fair value of the liability component is determined using a market rate for an equivalent non-convertible bond and this amount is carried as a non-current liability on the amortised cost basis until extinguished on conversion or redemption. The increase in the liability due to the passage of time is recognised as a finance cost. The remainder of the proceeds are allocated to the conversion option that is recognised and included in shareholders equity as a convertible note reserve, net of transaction costs. The carrying amount of the conversion option is not remeasured in the subsequent years. The corresponding interest on convertible notes is expensed to profit or loss. Finance costs Finance costs attributable to qualifying assets are capitalised as part of the asset. All other finance costs are expensed in the period in which they are incurred. Employee benefits Short-term employee benefits Liabilities for wages and salaries, including non-monetary benefits, annual leave and long service leave expected to be settled wholly within 12 months of the reporting date are measured at the amounts expected to be paid when the liabilities are settled. Share-based payments Equity-settled and cash-settled share-based compensation benefits are provided to employees. Equity-settled transactions are awards of shares, or options over shares, that are provided to employees in exchange for the rendering of services. Cash-settled transactions are awards of cash for the exchange of services, where the amount of cash is determined by reference to the share price. 10 BPH Global Limited Notes to the financial statements 30 June 2025 Note 1. Material accounting policy information (continued) The cost of equity-settled transactions are measured at fair value on grant date. Fair value is independently determined using either the Binomial or Black-Scholes option pricing model that takes into account the exercise price, the term of the option, the impact of dilution, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk free interest rate for the term of the option, together with non-vesting conditions that do not determine whether the consolidated entity receives the services that entitle the employees to receive payment. No account is taken of any other vesting conditions. The cost of equity-settled transactions are recognised as an expense with a corresponding increase in equity over the vesting period. The cumulative charge to profit or loss is calculated based on the grant date fair value of the award, the best estimate of the number of awards that are likely to vest and the expired portion of the vesting period. The amount recognised in profit or loss for the period is the cumulative amount calculated at each reporting date less amounts already recognised in previous periods. The cost of cash-settled transactions is initially, and at each reporting date until vested, determined by applying either the Binomial or Black-Scholes option pricing model, taking into consideration the terms and conditions on which the award was granted. The cumulative charge to profit or loss until settlement of the liability is calculated as follows: ● during the vesting period, the liability at each reporting date is the fair value of the award at that date multiplied by the expired portion of the vesting period. ● from the end of the vesting period until settlement of the award, the liability is the full fair value of the liability at the reporting date. All changes in the liability are recognised in profit or loss. The ultimate cost of cash-settled transactions is the cash paid to settle the liability. Market conditions are taken into consideration in determining fair value. Therefore any awards subject to market conditions are considered to vest irrespective of whether or not that market condition has been met, provided all other conditions are satisfied. If equity-settled awards are modified, as a minimum an expense is recognised as if the modification has not been made. An additional expense is recognised, over the remaining vesting period, for any modification that increases the total fair value of the share-based compensation benefit as at the date of modification. If the non-vesting condition is within the control of the consolidated entity or employee, the failure to satisfy the condition is treated as a cancellation. If the condition is not within the control of the consolidated entity or employee and is not satisfied during the vesting period, any remaining expense for the award is recognised over the remaining vesting period, unless the award is forfeited. If equity-settled awards are cancelled, it is treated as if it has vested on the date of cancellation, and any remaining e