Announcement PDF ABN 24 610 035 535 Financial Report For the half year ended 31 December 2025 Half Year Financial Report - 31 December 2025 2 Corporate Directory Directors Evan Cranston - Executive Chair Wei Li - Executive Director Ashley Pattison - Non-executive Director Brett Grosvenor - Non-executive Director Chief Executive Officer Ron Mitchell Company secretary Oonagh Malone Registered office Unit 38, 460 Stirling Highway Peppermint Grove WA 6011 Share registry Automic Registry Pty Ltd Level 5, 191 St Georges Terrace Perth WA 6000 Auditor Grant Thornton Audit Pty Ltd Level 43, 152-158 St Georges Terrace Perth WA 6000 Stock exchange listing Firebird Metals Limited securities are listed on the Australian Securities Exchange (ASX code: FRB) Website www.firebirdmetals.com.au Half Year Financial Report - 31 December 2025 3 Table of Contents Directors' report 4 Auditor's independence declaration 6 Condensed consolidated statement of profit or loss and other comprehensive income 7 Condensed consolidated statement of financial position 8 Condensed consolidated statement of changes in equity 9 Condensed consolidated statement of cash flows 10 Notes to the condensed consolidated financial statements 11 Directors' declaration 18 Independent auditor's report to the members of Firebird Metals Limited 19 Half Year Financial Report - 31 December 2025 Director’s report 4 The Directors present their report, together with the interim financial statements, on the consolidated entity (referred to hereafter as the “consolidated entity”) consisting of Firebird Metals Limited (referred to hereafter as the “Company” or “parent entity”) and the subsidiary it controlled in China for the half year ended 31 December 2025. Directors The following persons were directors of Firebird Metals Limited throughout the half year and up to the date of this report: Evan Cranston - Executive Chair (Transition from Non-Executive Chair effective 3 November 2025) Peter Allen - Managing Director (Resigned 3 November 2025) Ashley Pattison - Non-Executive Director Wei Li - Executive Director Brett Grosvenor - Non-Executive Director Chief Executive Officer Ron Mitchell (Appointed 3 November 2025) Company Secretary Oonagh Malone Principal activities During the half year the principal activities of the consolidated entity consisted of: • Exploration and development of Oakover Manganese Project; and • Exploration of other manganese projects in the East Pilbara Manganese Province. • Development of High Purity Manganese Sulphate (MnSO4) and advanced manganese-based battery materials projects in Hunan China. Dividends There were no dividends paid or declared during the half year. Operating results The loss after income tax incurred by the consolidated entity for the six months ended 31 December 2025 was $2,513,267 (31 December 2024: $1,066,223). Cash and cash equivalents at 31 December 2025 totalled $5,160,554 (30 June 2025: $1,502,591). Significant changes in the state of Affairs During the half-year, the consolidated entity implemented several changes to its Board and management structure to support its strategic objectives and ongoing development. On 3 November 2025, experienced global mining and lithium- ion battery industry professional, Ron Mitchell, was appointed as Chief Executive Officer. Evan Cranston transitioned from Non-Executive Chair to Executive Chair, and Peter Allen resigned as Managing Director and transitioned to a consulting role. From October 2025, the consolidated entity undertook a placement to raise a total of $6.0 million (before costs) through the issue of 40 million new shares in two tranches at an issue price of $0.150 per share. As at 31 December 2025, 38,966,665 shares had been issued, raising $5,845,000, and all proceeds from the placement had been received by the Company. There have been no other changes in the state of affairs of the consolidated entity other than those outlined in the Review of Operations Significant events after the balance date On 14 January 2026, the consolidated entity completed the issue of the remaining 1,033,335 shares under Tranche 2 of the placement, raising $155,000, with all proceeds received by the consolidated entity. Following this issue, the total $6.0 million capital raising announced in September 2025 was fully completed. No other matter or circumstance has arisen since 31 December 2025 that has significantly affected, or may significantly affect the consolidated entity's operations, the results of those operations, or the consolidated entity's state of affairs in future financial years. Auditor's independence declaration A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out immediately after this directors' report. Half Year Financial Report - 31 December 2025 Director’s report 5 This report is signed in accordance with a resolution of the Board of Directors. On behalf of the directors ___________________________ Evan Cranston Executive Chair 13 March 2026 Grant Thornton Audit Pty Ltd Level 43 Central Park 152-158 St Georges Terrace Perth WA 6000 PO Box 7757 Cloisters Square Perth WA 6850 T +61 8 9480 2000 grantthornton.com.au ACN-130 913 594 Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or related entity of Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389. Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Limited is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of the term ‘Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389 and its Australian subsidiaries and related entities. Liability limited by a scheme approved under Professional Standards Legislation. Auditor’s Independence Declaration To the Directors of Firebird Metals Limited In accordance with the requirements of section 307C of the Corporations Act 2001, as lead auditor for the review of Firebird Metals Limited for the half-year ended 31 December 2025. I declare that, to the best of my knowledge and belief, there have been: a no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and b no contraventions of any applicable code of professional conduct in relation to the review. GRANT THORNTON AUDIT PTY LTD Chartered Accountants B E Burgess Partner – Audit & Assurance Perth, 13 March 2026 6 Half Year Financial Report - 31 December 2025 7 Condensed consolidated statement of profit or loss and other comprehensive income For the half year ended 31 December 2025 Notes 31 December 31 December 2025 2024 $ $ Other revenue 9 81,564 69,097 Exploration expenditure (179,003) (133,377) Administration costs (546,438) (447,585) Depreciation and amortisation expenses (209,363) (71,689) Director's fees (457,200) (425,562) Share based payments (1,151,899) - Employee expenses (47,439) (72,538) Operating loss (2,509,778) (1,081,654) Interest income 655 15,431 Interest expense (4,144) - Loss before income tax (2,513,267) (1,066,223) Income tax expense - - Loss after income tax for the period (2,513,267) (1,066,223) Other comprehensive income Exchange differences on translation of foreign operations 22,924 117,398 Total other comprehensive loss for the period (2,490,343) (948,825) Basic loss per share (cents) 10 (1.62) (0.75) Diluted loss per share (cents) 10 (1.62) (0.75) The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes Half Year Financial Report - 31 December 2025 8 Condensed consolidated statement of financial position As at 31 December 2025 Notes 31 December 30 June 2025 2025 $ $ Current assets Cash and cash equivalents 5,160,554 1,502,591 Trade and other receivables 536,058 335,106 Total current assets 5,696,612 1,837,697 Non-current assets Right of use assets 279,755 335,707 Plant and equipment 4 1,155,494 945,262 Exploration and evaluation assets 5 6,349,092 6,312,529 Intangible assets 6 1,975,247 1,788,679 Total non-current assets 9,759,588 9,382,177 Total assets 15,456,200 11,219,874 Current liabilities Trade and other payables 418,868 287,919 Financial liabilities - 28,654 Lease liabilities 110,718 109,563 Other current liabilities 83,982 - Total current liabilities 613,568 426,136 Non-current liabilities Lease liabilities 170,494 226,144 Total non-current liabilities 170,494 226,144 Total liabilities 784,062 652,280 Net assets 14,672,138 10,567,594 Equity Issued capital 7 26,561,191 21,117,294 Reserves 8 7,009,191 5,835,277 Accumulated losses (18,898,244) (16,384,977) Total equity 14,672,138 10,567,594 The above statement of financial position should be read in conjunction with the accompanying notes Half Year Financial Report - 31 December 2025 9 Condensed consolidated statement of changes in equity As at 31 December 2025 Issued capital Share based payment reserve Foreign currency reserves Accumulated losses Total equity/ deficit $ $ $ $ $ Balance at 1 July 2024 21,117,294 5,671,291 (38,429) (14,111,801) 12,638,355 Loss after income tax expense for the period - - - (1,066,223) (1,066,223) Other comprehensive income for the period, net of tax - - 117,398 - 117,398 Total comprehensive loss for the period - - 117,398 (1,066,223) (948,825) Balance at 31 December 2024 21,117,294 5,671,291 78,969 (15,178,024) 11,689,530 Balance at 1 July 2025 21,117,294 5,852,821 (17,544) (16,384,977) 10,567,594 Loss after income tax expense for the period - - - (2,513,267) (2,513,267) Other comprehensive income for the period, net of tax - - 22,924 - 22,924 Total comprehensive loss for the period - - 22,924 (2,513,267) (2,490,343) Transactions with owners in their capacity as owners: Issue of share capital 5,845,000 - - - 5,845,000 Capital raising cost (401,103) - - - (401,103) Issue of director's options - 474,932 - - 474,932 Issue of management options - 365,622 - - 365,622 Issue of performance rights - 310,436 - - 310,436 Balance at 31 December 2025 26,561,191 7,003,811 5,380 (18,898,244) 14,672,138 The above statement of changes in equity should be read in conjunction with the accompanying notes Half Year Financial Report - 31 December 2025 10 Condensed consolidated statement of cash flows For the half year ended 31 December 2025 Notes 31 December 31 December 2025 2024 $ $ Cash flows from operating activities Receipts from customers relating to rental income and others 64,404 62,324 Interest received 655 15,431 Payments to suppliers and employees (1,325,084) (1,085,628) Net cash used in operating activities (1,260,025) (1,007,873) Cash flows from investing activities Payment for plant & equipment (248,912) (126,866) Exploration and evaluation expenditure capitalised (36,563) (173,707) Payments for intangible assets (568,385) (800,098) Receipts from collaboration agreement 392,319 - Net cash used in investing activities (461,541) (1,100,671) Cash flows from financing activities Proceeds from capital raising 5,845,000 - Cost of capital raising (401,103) - Repayment of loan (28,654) - Interest on loan (958) - Payment of principal portion of lease liability (54,494) - Interest on leases (3,186) - Net cash from financing activities 5,356,605 - Net change in cash and cash equivalents held 3,635,039 (2,108,544) Exchange differences on translation of foreign operations 22,924 117,398 Cash and cash equivalents at beginning of the period 1,502,591 5,067,332 Cash and cash equivalents at end of the period 5,160,554 3,076,186 The above statement of cash flows should be read in conjunction with the accompanying notes Half Year Financial Report - 31 December 2025 11 1. Corporate information Firebird Metals Limited (Firebird Metals or the Company) is a for-profit entity for the purpose of preparing the financial statements. Principal activities include exploration and evaluation of mineral resources and pursuing various investment opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities in Australia. Firebird Metals is domiciled in Australia whose shares are publicly traded and listed on the 18 March 2021 on Australian Securities Exchange (ASX:FRB). The address of its registered office and its principal place of business Unit 38, 460 Stirling Highway, Peppermint Grove, WA 6011. The consolidated financial statements were approved and authorised for issue by the Board of Directors on 13 March 2026. 2. Basis of preparation and statement of compliance The consolidated interim financial statements for the half year have been prepared in accordance with AASB 134 Interim Financial Reporting and the Corporations Act 2001. Compliance with Australian Accounting Standards results in full compliance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Board (IASB). The consolidated interim financial statements do not include all of the information required for full annual financial statements and should be read in conjunction with the annual financial statements of the consolidated entity for the year ended 30 June 2025 and any public announcements made by the consolidated entity in accordance with the continuous disclosure requirements of the Corporations Act 2001 and the ASX Listing Rules. Selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in financial position and performance of the consolidated entity since the last annual financial statements. Going concern The consolidated interim financial report has been prepared on the going concern basis, which contemplates the continuity of normal business activity and the realisation of assets and the settlement of liabilities in the ordinary course of business. The consolidated entity incurred a net loss after tax of $2,513,267 during the half year ended 31 December 2025, and an operating cash outflow of $1,260,025 and investing cash outflow of $461,541. From October 2025 to January 2026, the consolidated entity raised a total of $6.0 million (before costs) through the issue of 40 million new shares in two tranches at an issue price of $0.150 per share. All funds raised under the placement were received by the consolidated entity. The ability of the consolidated entity to continue as a going concern is principally dependent upon the ability of the consolidated entity to secure additional funds by raising capital from equity markets and managing cash flow in line with available funds. Whilst the Directors are confident of the consolidated entity’s ability to continue as a going concern, due to the factors mentioned above, there is material uncertainty that may cast doubt on the Company’s ability to continue as a going concern. If the consolidated entity is unable to continue as a going concern, it may be required to realise its assets and or settle its liabilities other than in the ordinary course of business and at amounts different from those stated in the financial report. Estimates When preparing the interim condensed consolidated financial statements, management undertakes a number of judgements, estimates and assumptions about recognition and measurement of assets, liabilities, income and expenses. The actual results may differ from the judgements, estimates and assumptions made by management, and will seldom equal the estimated results. The judgements, estimates and assumptions applied in the interim condensed consolidated financial statements including the key sources of estimation uncertainty, were the same as those applied in the Group’s last annual financial statements for the year ended 30 June 2025. Half Year Financial Report - 31 December 2025 12 3. Segment reporting AASB 8 Operating Segments requires operating segments to be identified on the basis of internal reports about components of the Group that are regularly reviewed by the Chief Operating Decision Maker in order to allocate resources to the segment and to assess its performance. The Group’s operating segments have been determined with reference to the monthly management accounts used by the Chief Operating Decision maker to make decisions regarding the Group’s operations and allocation of working capital. Due to the size and nature of the Group, the Board as a whole has been determined as the Chief Operating Decision Maker. Identification of reportable operating segments Based on the quantitative thresholds included in AASB 8, the consolidated entity is organised into two operating segments, representing the Group’s two main projects in distinct geographical locations: the exploration and development of the Manganese project in East Pilbara, Australia, and the MnSO4 project in Hunan, China. Intersegment transactions There were no intersegment transactions Intersegment receivables, payables and loans Intersegment loans are initially recognised at the consideration received. Intersegment loans receivable and loans payable that earn or incur non-market interest are not adjusted to fair value based on market interest rates. Intersegment loans are eliminated on consolidation. Segment information for the reporting period is as follows: Corporate Hunan China Australia Total $ $ $ $ Profit or Loss Sundry income 82,109 110 - 82,219 Exploration and evaluation expenditure - - (179,003) (179,003) Segment expenses (2,129,436) (287,047) - (2,416,483) Loss before income tax expense (2,047,327) (286,937) (179,003) (2,513,267) Income tax expense - - - - Loss after income tax (2,047,327) (286,937) (179,003) (2,513,267) Assets & Liabilities Segment assets 4,566,466 4,166,200 6,639,551 15,372,217 Segment liabilities (359,042) (59,825) (281,212) (700,079) Net assets 4,207,424 4,106,375 6,358,339 14,672,138 Half Year Financial Report - 31 December 2025 13 4. Plant and equipment 31 December 2025 $ 30 June 2025 $ Motor vehicles - at cost 70,702 70,191 Office equipment - at cost 25,343 22,103 Plant & equipment - at cost 1,182,018 936,858 Less: Accumulated depreciation (122,569) (83,890) Net value 1,155,494 945,262 Reconciliations Reconciliations of the written down values at the beginning and end of the current and previous half year are set out below: Motor vehicles Office equipment Plant & equipment Total Consolidated $ $ $ $ Balance at 1 July 2025 36,965 14,602 893,695 945,262 Additions - 3,027 236,126 239,153 Depreciation expense (8,325) (2,933) (26,762) (38,020) Exchange differences 341 141 8,617 9,099 Balance at 31 December 2025 28,981 14,837 1,111,676 1,155,494 5. Exploration and evaluation 31 December 2025 $ 30 June 2025 $ Carrying amount at the end of the period 6,349,092 6,312,529 Reconciliations Reconciliations of the written down values at the beginning and end of the current half-financial year are set out below: Balance at 1 July 2025 6,312,529 Capitalised exploration expenditure during the half-year 36,563 Balance at 31 December 2025 6,349,092 6. Intangible assets 31 December 2025 $ 30 June 2025 $ Carrying amount at the end of the period 1,975,247 1,788,679 Reconciliations Reconciliations of the written down values at the beginning and end of the current half-financial year are set out below: Licences Mnso4/LMFP Project LMR Project NCM Project Total Consolidated $ $ $ $ $ Balance at 1 Jul 2025 409,644 1,379,035 - - 1,788,679 Development cost addition - 314,464 138,354 169,983 622,801 Funding received under collaboration agreement - - (138,354) (169,983) (308,337) Amortisation (60,493) (81,666) - - (142,159) Net exchange differences - 14,263 - - 14,263 Balance at 31 December 2025 349,151 1,626,096 - - 1,975,247 Half Year Financial Report - 31 December 2025 14 7. Share capital No. of shares $ Share capital at 1 July 2024 142,361,401 21,117,294 Movement - - Share capital at 31 December 2024 142,361,401 21,117,294 Share capital at 1 July 2025 142,361,401 21,117,294 Share issues Tranche 1 on 03/10/2025 at $0.15 per share 21,333,333 3,200,000 Share issues Tranche 2 on 08/12/2025 at $0.15 per share 13,733,332 2,060,000 Share issues to management on 24/12/2025 at $0.15 per share 3,900,000 585,000 Less cost of shares issues - (401,103) Share capital at 31 December 2025 181,328,066 26,561,191 The share capital of the Company consists only of fully paid ordinary shares. The shares do not have a par value. All shares are equally eligible to receive dividends and the repayment of capital and represent one vote at the shareholders’ meeting. 8. Reserves Share- based payments reserve Option payments reserve Foreign currency reserve Total reserves $ $ $ $ Balance at 1 July 2024 273,229 5,398,062 (38,429) 5,632,862 Foreign currency exchange differences - - 117,398 117,398 Balance at 31 December 2024 273,229 5,398,062 78,969 5,750,260 Balance at 1 July 2025 454,759 5,398,062 (17,544) 5,835,277 Placement 6,000,000 director’s options on 24/12/2025 - 474,932 - 474,932 Placement 6,000,000 management options on 30/12/2025 - 365,622 - 365,622 Placement 4,000,000 performance rights on 30/12/2025 310,436 - - 310,436 Foreign currency exchange differences - - 22,924 22,924 Balance at 31 December 2025 765,195 6,238,616 5,380 7,009,191 8.1 Share-based payments The consolidated entity issued 12,000,000 options to directors and management during the period to align their long- term interests with those of the consolidated entity. The total value of options recognised was $840,554. These options vested immediately and have no vesting conditions. The consolidated entity also issued 4,000,000 performance rights to the newly appointed CEO, Ronald Mitchell, as an incentive to align leadership interests with the consolidated entity’s objectives. The total value of performance rights recognised was $310,436. These performance rights are divided into three tranches, each subject to specified vesting conditions. The fair value of the options and performance rights was determined by an independent valuation specialist. Half Year Financial Report - 31 December 2025 15 Set out below is a summary of unlisted options and performance rights outstanding at 31 December 2025: Vested Unvested Grant date Issue date Expiry date Share price at grant date Cents Exercise price Cents Fair value per unit Cents Total fair value $ Unlisted directors’ & management options 10,000,000 - 23/11/2021 23/11/2021 30/11/2026 53 100 24.4 2,439,333 Performance rights (tranche 1) - 1,100,000 27/1/21 18/3/21 18/3/26 20 N/A 20 220,000 Performance rights (tranche 2) - 1,100,000 27/1/21 18/3/21 18/3/26 20 N/A - - Unlisted directors’ & management options 2,000,000 - 1/3/22 2/12/22 30/11/26 19 100 10.99 153,366 Directors’ & management options 12,500,000 - 29/11/23 6/12/23 6/12/28 30 30 10.86 1,356,971 Directors’ & management options 12,500,000 - 29/11/23 6/12/23 6/12/28 40 40 10.17 1,270,792 Performance rights-Ken Hoffman (tranche 1) - 200,000 18/6/25 30/12/25 30/12/29 8 N/A 7.40 14,800 Performance rights-Ken Hoffman (tranche 2) - 1,000,000 18/6/25 30/12/25 30/12/29 8 N/A 6.99 69,862 Performance rights-Ken Hoffman (tranche 3) - 1,000,000 18/6/25 30/12/25 30/12/29 8 N/A 2.29 22,868 Performance rights-Ken Hoffman (tranche 4) - 1,000,000 18/6/25 30/12/25 30/12/29 8 N/A 7.40 74,000 Directors’ & management options 3,000,000 - 28/11/25 30/12/25 6/12/28 16 30 8.41 252,275 Directors’ & management options 3,000,000 - 28/11/25 30/12/25 6/12/28 16 40 7.42 222,657 Directors’ & management options 3,000,000 - 28/11/25 30/12/25 30/12/28 16 30 6.60 197,878 Directors’ & management options 3,000,000 - 28/11/25 30/12/25 30/12/28 16 40 5.59 167,744 Performance rights-Ronald Mitchell (tranche 1) - 2,000,000 30/12/25 30/12/25 30/6/27 15 N/A 5.97 436 Performance rights-Ronald Mitchell (tranche 2) - 1,000,000 30/12/25 30/12/25 31/12/27 15 N/A 15.5 155,000 Performance rights-Ronald Mitchell (tranche 3) - 1,000,000 30/12/25 30/12/25 30/6/28 15 N/A 15.5 155,000 Half Year Financial Report - 31 December 2025 16 8.2 Options and performance rights issued during the period Options No. of options $ Options at 1 July 2024 Opening balance 46,250,000 5,398,062 Free-attaching options expired on 03/12/2024 *(9,250,000) - Options at 31 December 2024 37,000,000 5,398,062 Options at 1 July 2025 Opening balance 37,000,000 5,398,062 Placement 6,000,000 director’s options on 24/12/2025 6,000,000 474,932 Placement 6,000,000 management options on 30/12/2025 6,000,000 365,622 Options at 31 December 2025 49,000,000 6,238,616 * On 2 December 2022 the Company issued 9,250,000 free-attaching options as part of the capital raise during the year with one free attaching option for every two shares issued. There was no value ascribed due to them being free attaching. Performance rights No. of performance rights $ Performance rights at 1 July 2024 Opening balance 2,200,000 273,229 Movement - - Performance rights at 31 December 2024 2,200,000 273,229 Performance rights at 1 July 2025 Opening balance 5,400,000 454,759 Placement 4,000,000 performance rights on 30/12/2025 4,000,000 310,436 Performance rights at 31 December 2025 9,400,000 765,195 On 30 December 2025, the Company issued 4,000,000 performance rights to the newly appointed CEO, Ronald Mitchell, as an incentive to align leadership interests with the consolidated entity’s objectives. These performance rights are divided into three tranches. Tranche 1 is subject to a market-based vesting condition, being the achievement of a 5-day VWAP of $0.50. The grant- date fair value is recognised on a pro-rata basis over the vesting period. As at 31 December 2025, only a portion of the expense has been recognised, as the vesting period is ongoing. Tranches 2 and 3 are subject to non-market performance conditions. As these vesting conditions were satisfied during the period, the related fair value has been fully recognised as an expense. Half Year Financial Report - 31 December 2025 17 Tranche Vesting Condition Expiry date Number of Rights Fair Value per right Total value Expense recognised during the period Tranche 1 the consolidated entity achieving a share price of $0.50 based on a 5-day VWAP 30/06/2027 2,000,000 0.0597 119,343 436 Tranche 2 signing of a binding joint development agreement with a Western counterparty regarding development of the consolidated entity‘s patented kiln technology for application in a non-manganese industry 31/12/2027 1,000,000 0.1550 155,000 155,000 Tranche 3 signing of a binding agreement with a Western counterparty for the commercialisation of the consolidated entity ‘s LMFP battery materials technology 30/06/2028 1,000,000 0.1550 155,000 155,000 4,000,000 429,343 310,436 9. Other revenue 31 December 2025 $ 31 December 2024 $ Warehouse rent income 71,564 69,097 Diamond core trays and accessories sold 10,000 - Total Other revenue 81,564 69,097 10. Loss per share 31 December 2025 $ 31 December 2024 $ Net loss attributable to ordinary equity holders of the Company (2,513,267) (1,066,223) Weighted average number of ordinary shares 154,757,053 142,361,401 Loss per share (cents per share) (1.62) (0.75) 11. Contingencies There has been no change in contingent liabilities since the last annual reporting date (30 June 2025: $nil). 12. Subsequent events On 14 January 2026, the consolidated entity completed the issue of the remaining 1,033,335 shares under Tranche 2 of the placement, raising $155,000, with all proceeds received by the consolidated entity. Following this issue, the total $6.0 million capital raising announced in September 2025 was fully completed. Other than the matter described above, there have not been any events arising between 31 December 2025 and the date of this report, or any other item, transaction, or event of a material and unusual nature that, in the opinion of the Directors, is likely to materially affect the operations of the consolidated entity, the results of those operations, or the state of affairs of the consolidated entity in subsequent financial years. Half Year Financial Report - 31 December 2025 Directors' declaration 18 In accordance with a resolution of the directors of Firebird Metals Ltd, I state that: In the Directors' opinion: • the condensed consolidated financial statements and notes comply with the Corporations Act 2001, Australian Accounting Standard AASB 134 Interim Financial Reporting, the Corporations Regulations 2001 and other mandatory professional reporting requirements; • the condensed consolidated financial statements and notes give a true and fair view of the consolidated entity's financial position as at 31 December 2025 and of its performance for the financial half-year ended on that date; • there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. Signed in accordance with a resolution of directors made pursuant to section 303(5)(a) of the Corporations Act 2001. On behalf of the Board ___________________________ Evan Cranston Executive Chair 13 March 2026 Grant Thornton Audit Pty Ltd Level 43 Central Park 152-158 St Georges Terrace Perth WA 6000 PO Box 7757 Cloisters Square Perth WA 6850 T +61 8 9480 2000 grantthornton.com.au ACN-130 913 594 Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or related entity of Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389. Grant Thornton’ refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more m