Slide 1: 1H FY26 Results Presentation
1H FY26 Results Presentation 20 FEBRUARY 2026
Slide 2: Disclaimer
Disclaimer This document has been prepared by LGI Limited ACN 138 085 551 (LGI or the Company) to provide summary No reliance Forward looking statements information about the Company and its associated entities. This document is issued on a confidential basis The information contained in this docume
Slide 3: Contents
People engineering Contents a clean energy, zero carbon future 1 Highlights 2 Operational Performance 3 Financial Performance 4 Projects and Strategy Update 5 Outlook & Guidance 6 Appendix WWW.LGI.COM.AU 3
Slide 4: Who is LGI?
Who is LGI? BIOGAS FLARE BIOGAS POWER GENERATION One of Australia’s leading vertically RECOVERY AND FCAS³ integrated landfill gas companies BIOGAS Founded in 2009 (as Landfill Gas POWER NATIONAL Industries Pty Ltd), LGI is an established STATION ELECTRICITY domestic leader in the recovery of BATTERY
Slide 5: Highlights
LG. CLEAN ENERGY & CARBON ABATEMENT 1H FY26 RESULTS Ale NIT)
Slide 6: Performance
Performance Strong 1H FY26 EBITDA growth, solid operating performance Results summary Growth in fleet portfolio Operational excellence • Underlying EBITDA up 33% pcp to $9.7M, NPAT • Added 2 new landfill gas rights contracts signed • Zero lost time injuries for 1H FY26 up 28% vs pcp to $3.1M (pcp $2
Slide 7: Expanded contract development pipeline
Expanded contract development pipeline High conviction pipeline now targeting +80 MW capacity LGI has expanded the project LGI is adding six new fully funded projects to the high conviction pipeline1. Four of these six projects are located pipeline of contracted, high on contracted existing sites. T
Slide 8: Earnings Drivers
Earnings Drivers LGI has expanded EBITDA significantly Using a base year of FY22, being the year LGI listed on since listing, notwithstanding the price the ASX, LGI’s EBITDA continues to grow. Additionally, movements of key underlying LGI has delivered EBITDA growth in periods where average key comm
Slide 9: Footprint
Footprint Growing portfolio with 2 new contracts signed in FY26 – both landfill gas rights Contracted Contracted Generators Carbon Biogas Site Under Generators Carbon Biogas Site Under Sites on Site Battery Site Flare Assessment1 Sites on Site Battery Site Flare Assessment 1 36 QLD Gladstone x1 ACT
Slide 10: Regulatory Certainty
Regulatory Certainty Announcements from the Clean Energy Regulator in the last six months has improved regulatory certainty ACCU methodology Permanent Exit Arrangements REGO scheme launched The Clean Energy Regulator released the The Clean Energy Regulator is offering The Federal Government has begu
Slide 11: Operational Performance
1H FY26 RESULTS Operational Performance
Slide 12: Growing Biogas Flows
Growing Biogas Flows LGI continues to "chase the gas", ensuring maximum practical gas Gas flow flow is achieved at each site 90.0 80.0 82.0 A new LGI record achieved for biogas recovery for a six month period over 1H FY26. 70.0 To support additional MW of generation in 68.0 FY26, LGI focused on incr
Slide 13: Energy Generation
Energy Generation Growth in generation reflects 99% high levels of availability and 98% Generator Availability (% of period) increased capacity 97% 98% 98% 98% 97% 97% 97% 97% 96% LGI continues to focus on availability, along 95% with its proprietary operating system, DACS, 94% is a strategic focus
Slide 14: Growing Carbon Credits
Growing Carbon Credits LGI increased biogas recovery, translating to higher ACCU ACCUs creation volume 300,000 266,496 270,711 Increased gas flows achieved as we added new 250,000 sites into our portfolio, and added resource capacity into LGI’s gas field team. This directly 227,334 resulted in highe
Slide 15: Financial Performance
1H FY26 RESULTS Financial Performance
Slide 16: Profitability and Return
Profitability and Return Increased Revenue & EBITDA $’000 1H FY26 1H FY25 % Change Statutory Revenue and Other Income LGI’s net revenue1 increased 21% pcp from 20,320 16,911 20.2% increased volume of all key commodities, (excl Interest Income) MWhs, LGCs and ACCUs. Net revenue1 (net of ACCU royalty)
Slide 17: Revenue
Revenue Revenue contribution growing across multiple sources total net revenue +21% versus 1HFY25 Net Revenue by source1 $’000 1H FY26 1H FY25 % Change 4% 15% 7% 7% Electricity (including hedge position and FCAS) 6,847 6,081 13% 36% 39% Renewable Large Generation Certificates (LGCs) 2,838 1,161 144%
Slide 18: Generation – Electricity and LGCs
Generation1 – Electricity and LGCs Underlying growth in MWhs $’000 1H FY26 1H FY25 % Change Actual & forward electricity prices ($/MWh) 3 4 140.00 Operation Metrics 120.00 Biogas flows (Mm3) 57 42 36% 100.00 MWhs Generated 70,287 49,953 41% 80.00 LGCs Created 70,441 49,186 43% 60.00 Profitability El
Slide 19: Leveraging Energy Volatility with Batteries
Leveraging Energy Volatility with Batteries Average time of day spot price 6 months Jul-25 to Dec-25 350 300 250 200 $/MWh 150 100 50 0 10:05 10:35 11:05 11:35 12:05 12:35 13:05 13:35 14:05 14:35 15:05 15:35 16:05 16:35 17:05 17:35 18:05 18:35 19:05 19:35 20:05 20:35 21:05 21:35 22:05 22:35 23:05 23
Slide 20: Carbon Abatement – ACCUs
Carbon Abatement1 – ACCUs Ongoing ACCU volume growth $’000 1HFY26 1HFY25 % Change ACCU spot price for the calendar year 2025 ($) 45.00 Operation Metrics 40.00 35.00 Biogas flows (Mm3) 59 48 22% 30.00 ACCUs Created 270,711 227,334 19% 25.00 20.00 Profitability 15.00 10.00 Total Revenue 9,858 8,565 15
Slide 21: Infrastructure Construction & Landfill Gas Management
Infrastructure Construction & Landfill Gas Management LGI as a trusted infrastructure partner $’000 1H FY26 1H FY25 % Change Profitability Infrastructure revenue down on 1HFY25, with a Infrastructure Construction revenue 432 707 -39% focus on gas flows from flaring and generation sites. Landfill Gas
Slide 22: Balance Sheet
Balance Sheet Considerable growth in asset base Balance sheet $’000 31-Dec-25 30-Jun-25 Assets Cash 16,319 3,357 Cash balance 31 Dec 2025 includes funds Trade Receivables 818 1,610 held in term deposits. ACCU Environmental Certificates 13,162 12,026 LGC Environmental Certificates 1,990 1,485 Propert
Slide 23: Cash flow
Cash flow Operating cashflow positive while growth investment continues $’000 1H FY26 1H FY25 % Change Statutory and Underlying EBITDA 9,664 7,260 33% LGI continues to be operating cash flow positive, even while building out the capex program. Statutory and underlying Operating Cash Flows 4,835 6,26
Slide 24: Capex
Capex Elevated project capex running in line with expectations to support build-out underpinning future growth Capital expenditure ($M) Pipework installation includes drilling wells, pipe laid back to flare or power station, labour and materials. The sites where LGI absorbs the cost of the 2.1 pipew
Slide 25: Projects & Strategy
1H FY26 RESULTS Projects & Strategy
Slide 26: Updated project pipeline near term
Updated project pipeline near term Significant growth in MW capacity from FY25 to FY26 – with continued focus on growth in new landfill gas sites LGI continues to focus on growing the contracted sites Number of contracted sites (at reporting dates) under management. 40 The Company’s success in secur
Slide 27: Three Carbon Abatement Projects Commissioned
Three Carbon Abatement Projects Commissioned New landfill gas collection systems and flares commenced, at Warwick QLD, Jandowae QLD and Lithgow NSW. Flare at Warwick, QLD Flare at Jandowae, QLD Flare Gasat Lithgow, recovery NSW at Esk LGI completed the installation of pipework LGI completed the inst
Slide 28: LGI electricity market strategy
LGI electricity market strategy LGI strategy is supported by underlying volatility present within the energy market Qld AEMO spot price - 25% to 75 % percentile points with spread trendline NSW AEMO spot price - 25% to 75 % percentile points with spread trendline 450 350 400 300 350 250 300 200 250
Slide 29: Strategic Growth Projects - Three Near Term Electricity Projects
Strategic Growth Projects - Three Near Term Electricity Projects Work progressing on timetable at Canberra, Belrose – Sydney and Nowra. Batteries at Canberra Batteries at Belrose - Sydney Gas recovery Hybrid at Esk at power station Nowra LGI’s 18MW Mugga Lane renewable hybrid LGI’s 12MW Belrose stan
Slide 30: Outlook & Guidance
1H FY26 RESULTS Outlook & Guidance
Slide 31: Outlook & Guidance
Outlook & Guidance Growth and continued operational excellence, reaffirming FY26 guidance LGI’s FY26 priorities, leveraging the momentum from FY25: Continued focus Deliver key near- term Explore the expansion Work on contracted Actively pursue new on Health, Safety, projects, expansion of of power s
Slide 32: Appendix
CG/ CLEAN ENERGY & CARBON ABATEMENT Appendix
Slide 33: Board
Board VIK BANSAL ADAM BLOOMER ABIGAIL CHEADLE ANDREW PETERS DR. JESSICA NORTH TIMOTHY MCGAVIN Non-Executive Managing Director Non-Executive Director Non-Executive Director Executive Director Non-Executive Director Chair and Founder and Audit & Risk and Chief and Chair of Committee Chair Sustainabili
Slide 34: LGI Value Proposition
LGI Value Proposition LGI strives to deliver value with its vertically integrated business model in a number of key areas at the intersection of the waste, electricity and carbon sectors End-to-end Diversified Vertically Innovation and Solution Revenue Streams Integrated Technical Ingenuity Highly c
Slide 35: LGI LIMITED
LGI LIMITED 57 Harvey Street North Eagle Farm 4009 QLD 07 3711 2225 enquiries@lgi.com.au www.lgi.com.au ABN 49 138 085 551