Quarterly Activities/Appendix 4C Cash Flow Report

Highlights

• LPE delivered another solid operating performance during the Quarter, which after adjusting for the Queensland government’s Cost of Living Rebate, resulted in positive operational cash flow overall for 1H FY24

• Contracted customers remained stable at circa 32,200 at quarter-end after factoring in new additions and several contracts running their course.

• To enhance organic growth, Management streamlined the sales leadership team during the Quarter to ensure more robust account management.

• LPE varied its agreement with Bundaberg BioHub during the Quarter, which resulted in a $230k interest pre-payment received in early January 2024 and full repayment of the total $6.1m capital works funds expected by 28 June 2024

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LPE Chairman Justin Pettett commented: “Reconciling the second quarter’s solid operating performance holistically re-affirms that LPE remains on track to transition to profitability during FY24. With a strong balance sheet providing flexibility to acquire complementary value-adding businesses, LPE is now optimally positioned to create value for shareholders moving forward.”