Circular to Shareholders

Shareholder Update

Dear Shareholder

Brisbane Markets Limited (BML) is providing the following update to shareholders in relation to a number of relevant matters ahead of the release of our Financial Results for the year ended 30 June 2026, scheduled for late September 2026.

Unaudited financial results for the year ended 30 June 2026

BML is currently finalising the financial results for the year ended 30 June 2026 and the below unaudited information is provided as a preliminary guide to shareholders (subject to finalisation and approval by the Board of the Financial Report).

FY26 ($ million)FY25 ($ million)
BML Operating Profit Before Tax 119.1 – 19.317.66
Brisbane Markets Property increase/(decrease)(11.44)2.56
1 This does not include PMGL’s contribution to BML’s Operating Profit

Valuation as at 30 June 2026

BML has completed the valuation of property owned at 30 June 2026 with the properties being valued at $427.3 million compared to a value of $431.8 million at 30 June 2025. This represents a net reduction of approximately $4.5 million. However, BML invested approximately $6.94 million of new capital expenditure this year. Taking that additional investment into account, the year-end valuation reflects a reduction of approximately $11.44 million.

Perth Markets Group Limited (PMGL)

Financial information relating to PMGL is not yet available and is expected to be released by PMGL in September 2026. BML will account for the relevant proportion of any profits or losses, consistent with prior years.

Net Assets Per Share

The preliminary unaudited information available indicates that the reported Net Assets at 30 June 2026 will be in the range of $254.0 to $256.0 million which reflects a Net Asset Per Share in the range of $4.66 to $4.70 per share.

We will be in further communication in relation to these matters in due course.

Andrew Young

Managing Director and CEO

Shareholders interested in buying or selling shares in BML, or who need any information in this regard, may register their interest by sending us an email or by completing the ‘Register as an interested party’ or ‘Sell your shares in BML’ online forms.

For more information regarding this notice, please contact BML on (07) 3915 4200.

CONTACT OUR CORPORATE DEPARTMENT

For more information on your investment in Brisbane Markets Limited, please call our Corporate Department on (07) 3915 4200 or email via the button below.