SEDAR Interim Financial Statements

1 FORACO INTERNATIONAL S.A. Unaudited Condensed Interim Consolidated Financial Statements Three-month and year ended December 31, 2025 Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 2 Table of Contents Unaudited condensed interim consolidated balance sheet - Assets 3 Unaudited condensed interim consolidated balance sheet – Equity and Liabilities 4 Unaudited condensed interim consolidated income statement 5 Unaudited condensed interim consolidated statement of changes in equity 6 Selected notes to the unaudited condensed interim consolidated financial statements 8 1. Basis of preparation 8 2. Selected notes on critical accounting policies and new accounting pronouncements 8 3. Financial risk management 10 4. Segment information 11 5. Property, plant and equipment 12 6. Goodwill 13 7. Inventories 13 8. Financial debt and lease obligations 13 9. Provisions 14 10. Share capital and change in equity 15 11. Expenses by nature 16 12. Income tax expense 16 13. Commitments and contingencies 16 14. Related-party transactions 17 15. Earnings per share calculation 17 16. Post balance sheet events 17 Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 3 Unaudited condensed interim consolidated balance sheet - Assets in thousands of US$ Note December 31, 2025 December 31, 2024 ASSETS Non-current assets Property, plant and equipment (5) 60,962 48,067 Goodwill (6) 61,648 55,633 Deferred income tax assets 20,455 18,958 Other non-current assets 662 690 143,727 123,348 Current assets Inventories, net (7) 34,638 34,896 Trade receivables, net 34,426 33,838 Other current assets 12,825 9,570 Cash and cash equivalents 27,303 24,363 109,192 102,668 Total assets 252,919 226,016 Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 4 Unaudited condensed interim consolidated balance sheet – Equity and Liabilities in thousands of US$ Note December 31, 2025 December 31, 2024 EQUITY Capital and reserves attributable to the Company's equity holders Share capital 2,499 2,499 Share premium, reserves and retained earnings 96,281 74,997 98,780 77,496 Non-controlling interests 5,039 5,808 Total equity 103,819 83,305 LIABILITIES Non-current liabilities Borrowings - Non-current portion of long-term debt (8) 63,065 64,140 Lease obligations – Non-current portion (8) 4,056 2,539 Deferred income tax liabilities 1,209 1,954 Provisions for other liabilities and charges (9) 480 718 Current liabilities Trade payables 26,060 25,380 Other payables 21,162 22,778 Current income tax liabilities 1,599 6,404 Borrowings - Current portion of long-term debt (8) 15,437 12,867 Borrowings - Current portion of drawn credit lines (8) 13,791 3,364 Lease obligations - Current portion (8) 2,010 2,401 Provisions for other liabilities and charges (9) 231 166 Total liabilities 149,100 142,711 Total equity and liabilities 252,919 226,016 Net debt including operating lease obligations under IFRS 16 71,056 60,948 Net debt including operating lease obligations is a non-IFRS measure and corresponds to the current and non-current portion of borrowings, net of cash and cash equivalents Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 5 Unaudited condensed interim consolidated income statement In thousands of US$ Note 2025 2024 2025 2024 Revenue (4) 63,100 60,824 258,19 --- 1 293,453 Cost of sales (11) (52,989) (49,562) (212,228) (230,397) Gross profit 10,111 11,262 45,963 63,056 Selling, general and administrative expenses (11) (4,990) (5,138) (19,354) (22,621) Other operating income / (expense), net - - 289 2,111 Operating profit 5,121 6,124 26,898 42,546 Finance costs (1,781) (2,114) (6,287) (7,877) Profit before income tax 3,340 4,010 20,611 34,669 Income tax (expense) / profit (12) (1,026) (1,931) (5,789) (8,583) Net profit for the period 2,314 2,079 14,822 26,085 Attributable to: Equity holders of the Company 2,188 3,361 15,572 27,811 Non-controlling interests 126 (1,282) (750) (1,726) Earnings per share for profit attributable to the equity holders of the Company during the period (expressed in US cents per share): - basic (15) 2.22 3.40 15.82 28.18 - diluted (15) 2.19 3.35 15.60 27.76 Operating profit before depreciation, amortization and non-cash share based compensation expenses 10,423 10,375 45,668 60,481 Three-month period ended December 31, Year ended period ended December 31, Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 6 Unaudited condensed interim consolidated statement of changes in equity Share Capital Share Premium and Retained Earnings Total Balance at January 1, 2024 2,499 83,424 85,923 12,136 98,059 Profit / (loss) for the period - 27,811 27,811 (1,726) 26,085 Currency translation differences - (25,414) (25,414) 438 (24,974) Employee share-based compensation - 504 504 - 504 Deconsolidation of EDC Russia - (5,554) (5,554) (4,710) (10,264) Treasury shares purchased (see Note 10) - (1,231) (1,231) - (1,231) Dividend paid to shareholders (4,544) (4,544) (4,544) Dividend paid to non controlling interests - - - (330) (330) Balance at December 31, 2024 2,499 74,999 77,496 5,808 83,305 Balance at January 1, 2025 2,499 74,999 77,496 5,808 83,305 Profit / (loss) for the period - 15,572 15,572 (750) 14,822 Currency translation differences - 7,307 7,307 642 7,949 Employee share-based compensation - 625 625 - 625 Treasury shares purchased (see Note 10) - (1,559) (1,559) - (1,559) Deconsolidation of EDC Kazakhstan - (661) (661) (661) (1,322) Balance at December 31, 2025 2,499 96,281 98,780 5,039 103,819 Attributable to equity holders of the Company Non- controlling interests Total Equity in thousands of US$ Unaudited statement of comprehensive income in thousands of US$ December 31, December 31, 2025 2024 Net profit / (loss) for the period 14,822 26,085 Currency translation differences 7,949 (24,974) Total comprehensive profit for the period 22,771 1,111 Attributable to: Equity holders of the Company 22,879 2,397 Non-controlling interests (108) (1,288) Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 7 Unaudited condensed interim consolidated cash flow statement 2025 2024 Profit for the period 14,822 26,085 Adjustments for: - Depreciation, amortization and impairment (see Note 11) 18,144 17,432 - Share-based compensation expenses (see Note 11) 625 504 - Income tax expenses / (profit) (see Note 12) 5,789 8,583 - Finance costs, net 6,287 7,877 Cash generated from operations before changes in operating assets and liabilities 45,667 60,482 Changes in operating assets and liabilities: - Inventories 469 229 - Trade accounts receivable and other receivables (124) 7,597 - Trade accounts payable and other payables (940) (18,294) Cash generated from / (used in) operations 45,072 5 --- 0,015 - Interest paid, net (5,761) (6,993) - Income tax paid (14,974) (13,793) Net cash flow from / (used in) operating activities 24,337 29,229 Purchase of property, plant and equipment (*) (22,744) (18,871) Net cash generated from / (used in) investing activities (22,744) (18,871) Proceeds from issuance of borrowings, net of issuance costs 8,761 2,853 Repayments of borrowings (14,013) (13,932) Repayments of lease obligations (3,429) (2,629) Proceeds from / (repayment of) short term credit facilities 10,565 3,134 Acquisition of treasury shares (see Note 10) (1,559) (1,231) Deconsolidation of EDC Russia & Kazakhstan (See Note 2.3) (5) (2,076) Dividends paid to Company's shareholders - (4,544) Dividends paid to non-controlling interests - (330) Net cash generated from / (used in) financing activities 319 (18,755) Exchange differences on cash and cash equivalents 1,027 (1,529) Net increase / (decrease) in cash and cash equivalents 2,940 (9,927) Cash and cash equivalents at beginning of the period 24,363 34,289 Cash and cash equivalents at end of the period 27,303 24,363 (*) Excluding acquisition financed through leases 4,233 1,644 December 31, in thousands of US$ 12 months period ended Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 8 Selected notes to the unaudited condensed interim consolidated financial statements 1. Basis of preparation These unaudited condensed interim financial statements have been prepared in accordance with IAS 34, Interim Financial Reporting. All material intercompany balances have been eliminated. As these condensed statements do not include all disclosures required by IFRS, these interim statements should be read in conjunction with the audited financial statements of Foraco International S.A. and its subsidiaries (“Foraco” or the “Company”) for the year ended December 31, 2024. Except where otherwise stated, all amounts are presented in thousands of US$, which is the presentation currency of the Company. 2. Selected notes on critical accounting policies and new accounting pronouncements 2.1. Accounting policies The accounting policies have been consistently applied with those of the annual financial statements for the year ended December 31, 2024, except for the following: during the year, income tax expense is recognized based on Management’s best estimate of the average annual income tax rate expected for the full financial year on a tax jurisdiction by tax jurisdiction basis. In the last quarter of each fiscal year, Management determines the effective income tax rate for the full year based on the anticipated actual tax returns to be filed and the effective contribution of each tax jurisdiction to the consolidated financial statements. 2.2. Seasonal fluctuations The worldwide presence of the Company reduces its overall exposure to seasonality and the influence this can have on the business activity. In Canada, seasonal slow periods occur during the winter freeze and spring thaw or break-up periods. Depending on the latitude, this can occur anytime from October until late December (freezing) and from mid-April to mid-June (break-up). Operations at mining sites continue throughout the year. In Asia Pacific and in South America, where the Company operates exclusively in the Mining segment, a seasonal slowdown in activity occurs around year-end, during the vacation period. Certain contracts are also affected in Chile in July and August when the win --- ter season peaks. 2.3. Disposal of the Company’s Russian and Kazakh subsidiaries On March 6, 2024, Foraco sold its 50% stake in its Russian subsidiary, Eastern Drilling Company (EDC), to its local partners. In the first quarter of 2024, EDC Russia contributed US$3.6 million in revenue and US$0.1 million in net income to the Group. The transaction, which resulted in a net gain of US$2.1 Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 9 million, was recorded under "Other Operating Income" in Foraco’s consolidated financial statements for the first quarter of 2024. On May 22, 2025, Foraco sold its 50% stake in its Kazakh subsidiary, Eastern Drilling Company LLP (EDC Kazakhstan), to its local partners. In the first nine-month period of 2025, EDC Kazakhstan contributed US$39 thousand in revenue and a net loss of US$427 thousand to the Group. The transaction, which resulted in a net gain of US$289 thousand, was recorded under "Other Operating Income" in Foraco’s consolidated financial statements for the second quarter of 2025. 2.4. Impairment testing As at December 31, 2025, the Company performed impairment tests at the level of each geographic region, comparing the carrying value of its long-lived assets to the expected discounted future cash flows generated from their use, using the discounted cash flow method. Based on the internal forecasts and projections made, the expected discounted future cash flows exceeded each of the long-lived asset’s carrying amount for each geographic region and accordingly no impairment was recognized as at December 31, 2025. The Company assesses impairment indicators on a quarterly basis. 2.5. Deferred tax valuation allowance The Company’s policy is to recognize deferred tax assets only when they can be recovered within a reasonable timeframe. As a general rule, the Company recognizes deferred tax assets only when they can be used against taxable profit, generally within five years or when available tax opportunities exist. On this basis, the Company has adopted a partial recognition-based approach and has recorded certain valuation allowances. 2.6. New accounting pronouncements The consolidated interim financial statements have been prepared using the same accounting policies and methods of computation as those applied in the annual financial statements for the year ended December 31, 2024. New standards and amendments that became effective for periods beginning on or after January 1, 2025, have been considered in the preparation of these interim financial statements. Effective January 1, 2025: Lack of Exchangeability (Amendments to IAS 21): These amendments provide guidance on how to determine the exchange rate when a currency is not exchangeable and set out the required disclosures in such cases. The application of these amendments has not had a material impact on the Company’s interim consolidated financial statements. Standards and amendments with a mandatory effective date in future periods: Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 10 Effective January 1, 2026: Amendments to IFRS 9 – Financial Instruments, and IFRS 7 – Financial Instruments: Disclosures: These amendments address the classification and measurement of financial instruments and related disclosure requirements. Annual Improvements to IFRS Accounting Standards – Volume 11 (2023): These improvements include min --- or amendments to various standards to clarify wording or correct inconsistencies. Contracts Referencing Nature-dependent Electricity Prices (Amendments to IFRS 9 and IFRS 7): These amendments provide guidance on how to account for contracts with pricing mechanisms linked to the variability of renewable electricity supply. Effective January 1, 2027: IFRS 18 – Presentation and Disclosure in Financial Statements: This new standard replaces IAS 1 and introduces new defined subtotals in the statement of profit or loss, enhanced aggregation and disaggregation guidance, and improved disclosure of management-defined performance measures. IFRS 19 – Subsidiaries without Public Accountability: Disclosures: This new standard allows eligible subsidiaries to apply IFRS Accounting Standards with reduced disclosure requirements, provided their parent produces publicly available consolidated financial statements. The impact of these forthcoming standards and amendments on the Company’s consolidated financial statements is currently being evaluated. 3. Financial risk management The Company is exposed to a variety of financial risks through its activity including: liquidity risk, currency risk, cash transfer restriction, interest rate, financial counter-party risk and credit risk. A significant portion of the cash flows of the Company are denominated in Canadian Dollars, Euros, Australian Dollars, Brazilian Real, and US Dollars. The financial performance and position presented in US$ are dependent on the fluctuations of the US$ against the various functional currencies used by the Group's entities. Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 11 4. Segment information The business segment information for the three-month periods ended December 31, 2025, and December 31, 2024, is as follows: 2025 2024 2025 2024 2025 2024 Revenue 51,585 50,219 11,515 10,605 63,100 60,824 Gross profit 6,734 8,105 3,377 3,157 10,111 11,262 Operating profit 2,655 3,863 2,467 2,261 5,121 6,124 Finance costs n/a n/a n/a n/a (1,781) (2,114) Profit before income tax n/a n/a n/a n/a 3,340 4,010 Income tax profit / (expense) n/a n/a n/a n/a (1,026) (1,931) Net profit for the period n/a n/a n/a n/a 2,314 2,079 Mining Water Group Three-month period ended December 31, December 31, December 31, The business segment information for the year ended December 31, 2025, and December 31, 2024, is as follows: 2025 2024 2025 2024 2025 2024 Revenue 213,632 255,306 44,559 38,147 258,191 293,453 Gross profit 31,850 52,563 14,113 10,492 45,963 63,056 Operating profit 16,168 35,003 10,730 7,543 26,898 42,546 Finance costs n/a n/a n/a n/a (6,287) (7,877) Profit before income tax n/a n/a n/a n/a 20,611 34,669 Income tax profit / (expense) n/a n/a n/a n/a (5,789) (8,583) Net profit for the period n/a n/a n/a n/a 14,822 26,085 Mining Water Group Year ended December 31, December 31, December 31, The following is a summary of sales to external customers by geographic area for the three-month periods ended December 31, 2025, and December 31, 2024: Three-month period ended December 31, 2025 December 31, 2024 North America 20,397 23,477 Asia Pacific 17,546 22,379 South America 19,333 9,896 Europe, Middle East and Africa 5,824 5,073 Net sales 63,100 60,824 Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 12 The following is a summary of sales to external customers by geographic area --- for the year ended December 31, 2025, and December 31, 2024: Year ended December 31, 2025 December 31, 2024 North America 89,335 118,445 Asia Pacific 86,313 83,964 South America 57,131 66,788 Europe, Middle East and Africa 25,412 24,256 Net sales 258,191 293,453 5. Property, plant and equipment Property, plant and equipment (PP&E) consists of the following: Land & Buildings Drilling equipment & tools Automotive equipment Office furniture & other equipment Rights of use Total Period ended December 31, 2024 Opening net book amount 1,714 34,808 7,257 938 6,736 51,456 Additions 40 16,767 1,832 239 497 19,375 Exchange differences (132) (1,911) (866) (177) (425) (3,511) Disposals or retirements - (91) (88) (12) - (191) Deconsolidation of EDC Russia - (1,132) (580) (1) - (1,713) Depreciation expense (127) (13,672) (1,355) (183) (2,010) (17,348) Closing net book value 1,495 34,770 6,200 804 4,802 48,067 Period ended December 31, 2025 Opening net book amount 1,495 34,770 6,200 804 4,802 48,067 Additions 207 20,583 1,921 83 4,233 27,027 Exchange differences 103 4,531 566 57 370 5,626 Disposals or retirements (131) (68) (10) (1) - (210) Deconsolidation of EDC Kazakhstan - (942) (524) (5) - (1,471) Depreciation expense (144) (12,622) (1,517) (261) (3,538) (18,082) Closing net book value 1,530 46,252 6,636 677 5,867 60,962 The PP&E depreciation expense and the intangible asset amortization expense have been charged to the income statement as follows: Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 13 Period ended December 31, 2025 December 31, 2024 Cost of sales 15,997 15,760 Selling, general and administrative expenses 2,147 1,672 Total depreciation and amortization 18,144 17,432 6. Goodwill Goodwill can be analyzed as follows: December 31, 2025 December 31, 2024 Goodwill at beginning of period 55,633 65,618 Exchange differences 6,015 (9,985) Goodwill at end of period 61,648 55,633 Goodwill is denominated in the functional currency of its primary economic environment and is allocated to the following geographic regions: South America (US$41.0 million), North America (US$8.3 million), Asia Pacific (US$6.8 million) and Europe, the Middle East and Africa (US$5.5 million). 7. Inventories Inventories are broken down as follows: December 31, 2025 December 31, 2024 Spare parts and consumables, gross 34,638 34,896 Less inventory allowance - - Inventories, net 34,638 34,896 The Company continually assesses spare parts and consumables and writes off obsolete inventories as soon as they are identified. 8. Financial debt and lease obligations As at December 31, 2025, the maturity of financial debt can be analyzed as presented in the table below: Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 14 December 31, 2025 Credit lines 13,791 Long-term debt Within one year 15,437 Between 1 and 2 years 14,797 Between 2 and 3 years 44,643 Between 3 and 4 years 2,065 Between 4 and 5 years 1,560 Total 92,293 Financial debt is denominated in the functional currency of the main subsidiaries, primarily in Canadian Dollars and Australian Dollars. During the second quarter 2025, the Company secured a US$15.0 million new financing with Bradesco USA available for drawdown during a 5-year period. As of December 31, 2025, the Group had drawn US$7.0 million under this facility. As part of the implementation of IFRS 16, the Company recognized lease obligation --- s amounting to US$6,066 thousand as at December 31, 2025. 9. Provisions Provisions comprise the following elements: Pension and retirement indemnities Provision for tax uncertainties Other provisions Total As at January 1, 2025 718 - 166 884 Charged to consolidated income statement - Addition to provisions 44 - 152 196 - Used amounts reversed - - (108) (108) - Unused amounts reversed (359) - - (359) - Exchange differences 78 - 21 99 As at December 31, 2025 480 - 231 711 All of the Group's employees, with the exception of those in France and Africa, are covered under Government sponsored health and life insurance benefit plans. In France and Africa, the Group contributes to the national pension system whereby its obligations to employees in terms of pensions are restricted to a lump-sum length of service award payable at the date the employee reaches retirement age, such an award being determined for each individual based upon years of service provided and projected final salary. Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 15 The Company operates in various countries and may be subject to tax audits and other employee related risks. The Company is currently facing such risks in certain countries but there are no material unprovided contingent liabilities at the balance sheet date. The Company regularly reassesses its exposure and accounts for provisions accordingly. 10. Share capital and change in equity Number of shares outstanding As at December 31, 2025, the total common shares of the Company are distributed as follows: Number of shares Common shares held directly or indirectly by principal shareholders 33,155,191 Common shares held directly, indirectly or controlled by officers and individuals in their capacity as members of the Board of Directors 3,378,072 Common shares held by the Company 1,002,697 Common shares held by the public (*) 61,715,838 Total shares issued and outstanding 99,251,798 Common shares held by the Company (1,002,697) Total common shares issued and outstanding 98,249,101 Currency Translation Adjustment and Impact on Equity The Company presents its consolidated financial statements in US dollars (US$), which is its presentation currency while individual subsidiaries prepare their financial statements in their respective functional currencies. In accordance with IAS 21 – The Effects of Changes in Foreign Exchange Rates, resulting translation differences are recorded in Other Comprehensive Income (OCI) and accumulated in the Currency Translation Differences (CTD) within equity. For the nine-month period ended December 31, 2025, the Company recorded a positive currency translation adjustment of US$7.9 million, increasing total equity. This variation is primarily driven by fluctuations in the exchange rates of the CAD, AUD, CLP and BRL against the US$, which affect the conversion of subsidiaries' net assets. Treasury shares On September 29, 2023, the Company issued a notice with the Toronto Stock Exchange (“TSX”) in respect of a Normal Course Issuer Bid (“NCIB”). The Company was entitled to purchase up to 1,000,000 additional common shares. As at September 30, 2024, the Company purchased 699,628 of its own shares at an average purchase price of Can$2.28. On September 27, 2024, the Company issued a notice with the Toronto Stock Exchange (“TSX”) in respect of a Normal Course Issuer Bid (“NCIB”). The Company was entitled to purchase up to 1,000,000 addit --- ional common shares. As at September 30, 2025, the Company purchased 999,000 of its own shares at an average purchase price of Can$2.04. On September 11, 2025, the Company issued a notice with the Toronto Stock Exchange (“TSX”) in respect of a Normal Course Issuer Bid (“NCIB”). The Company was entitled to purchase up to Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 16 1,000,000 additional common shares. As at December 31, 2025, the Company purchased 332,100 of its own shares at an average purchase price of Can$2.22. As at December 31, 2025, the Company owns 1,002,697 of its own shares (557,897 as at December 31, 2024). The common shares held by the Company will be used for employee free share plans. 11. Expenses by nature Operating expenses / (income), net by nature are as follows: 2025 2024 2025 2024 Depreciation and amortization (5,117) (4,054) (18,144) (17,432) Accruals increases / (reversals) 621 (168) 691 (121) Raw materials, consumables used and external charges (26,085) (24,610) (109,305) (117,311) Employee benefit expense (27,090) (25,609) (103,329) (116,601) Taxes other than on income (307) (259) (1,206) (1,551) Total operating expenses (57,978) (54,700) (231,293) (253,018) Three-month period ended December 31, Year ended December 31, Share-based compensation expenses recognized in Employee benefit expense for the period ended December 31, 2025, amount to US$625 thousand (US$504 thousand for the period ended December 31, 2024). 12. Income tax expense During the year ended December 31, 2025, the Company recognized an income tax expense amounting to US$5,789 thousand (US$8,583 thousand for the period ended December 31, 2024). 13. Commitments and contingencies Guarantees given are mainly related to contracts and are as follows: December 31, 2025 December 31, 2024 Bid bonds - 17 Advance payment guarantees 291 1,597 Performance guarantees 1,595 854 Financial guarantees 2,000 10 Total 3,886 2,479 Foraco International S.A. Unaudited condensed interim consolidated financial statements as of December 31, 2025 17 As part of its financing, the Company granted a security package consisting of a share pledge agreement and a general security agreement in Canada, a share pledge agreement and a featherweight security agreement in Australia and a share pledge agreement in Brazil. 14. Related-party transactions The Company engaged in certain related party transactions including the lease of facilities and equipment amounting to US$1,543 thousand for the period ended December 31, 2025 (US$2,194 thousand for the period ended December 31, 2024). Compensation to key managers for the period ended December 31, 2025, amounted to US$1,051 thousand (US$1,358 thousand for the period ended December 31, 2024). 15. Earnings per share calculation For the three-month period ended December 31, 2025, the weighted basic average number of shares was 98,377,423 (98,815,714 in 2024) and the weighted diluted average number of shares was 99,844,483 (100,225,717 in 2024). For the year ended December 31, 2025, the weighted basic average number of shares was 98,462,465 (98,693,901 in 2024) and the weighted diluted average number of shares was 99,823,333 (100,194,197 in 2024). 16. Post balance sheet events There are no significant post balance sheet events.