Announcement PDF 1 4Q26 UPDATE 29 July 2026 Important Notice & Disclaimer This presentation has been prepared by Sea Forest Limited (ABN 46 631 662 283) (Company). Statements in this presentation are made only as at 29 July 2026 and the information in this presentation (Information) remains subject to change without notice. No responsibility is assumed for updating any Information or to inform any recipient of any new or more accurate information or any errors or misdescriptions of which the Company becomes aware. The Information (a) is for information purposes only and is intended only for those persons to whom it is delivered by, or on behalf of, the Company; (b) is of a general nature and is not complete or verified; (c) is not a prospectus, product disclosure statement or other disclosure document for the purposes of the Corporations Act 2001 (Cth) (Corporations Act)) or the law of any other jurisdiction; (d) does not constitute investment, financial product, taxation or legal advice or a recommendation to acquire securities in the Company and is not intended to be used as the basis for making any investment decision; and (e) does not form the basis of any contract or commitment and it is not intended to induce or solicit any person to engage in, or refrain from engaging in, any transaction. The Company has not considered the objectives, financial position or needs of any particular recipients. This presentation and the Information is strictly confidential and is intended for the exclusive benefit of the persons to whom it is given to familiarise themselves with the Company and the business conducted by the Company. It may not be reproduced, disseminated, quoted or referred to, by anyone without the express consent of the Company. By receiving this presentation, you agree to keep the Information confidential and not to copy, use, publish, record or reproduce the Information without the prior written consent of the Company, which may be withheld in its absolute discretion. None of the Company, its related bodies corporate, shareholders or affiliates, nor any of their respective officers, directors, employees, affiliates, agents or advisers (each a “Limited Party”) guarantees or makes any representations or warranties, express or implied, as to or takes responsibility for, the accuracy, reliability, completeness or fairness of the Information, contained in this presentation. No Limited Party makes any representation that this presentation is complete or that it contains all information that a prospective investor may require in evaluating a possible investment in the Company. This presentation contains certain forward looking statements and comments about future events, including the Company’s expectations about the performance of its businesses and certain strategic transactions. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “anticipate”, “likely”, “intend”, “forecast”, “estimate” and other similar expressions. Guidance or outlook on, future earnings or financial position or performance are also forward looking statements. Forward looking statements involve inherent risks and uncertainties and many factors (which may be out of the Company’s control) could cause the Company’s actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in forward looking statements, and many of these factors are beyond the Company’s control. Forward looking statements should not be relied on as an indication or guarantee of future performance. As such, no reliance should be placed on any forward looking statement. Past performance is not a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward looking statements. By attending a presentation or briefing or receiving this presentation, you acknowledge and agree that (a) you understand the contents of this notice and that you agree to abide by its terms and conditions; and (b) the Company and the Limited Parties are relying on you complying with the contents of this notice and its terms and conditions and on the truth and accuracy of the representations, warranties, undertakings and acknowledgements given by you. This presentation is not an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor the Information shall form the basis of any contract. In particular, this presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Key Highlights Continued commercial and financial momentum to close out FY26 Continued Revenue Growth Revenue receipts up 83% on 3Q26 to $2.1 million, reflecting continued growth in SeaFeed demand New Customer Agreements Agreements signed with Avondale Ag and New Agriculture, extending Sea Forest’s customer base Newcastle Distribution Centre Commissioning First regional mixing and distribution centre, commenced commissioning activities, supporting more efficient supply Positive Operating Cash Flow Net cash inflows of $0.7 million for the quarter, including a $1.9 million R&D tax incentive refund 3 Financial Update Revenue up 83% on 3Q26 to $2.1 million Use of funds for the period 1 July 2025 – 30 June 2026 CATTLE UNDER AGREEMENT 131,000 up 11% on 3Q26 NET CASH INFLOWS $0.7m incl. one-off $1.9 million R&D tax incentive CASH BALANCE $12.6m 3Q26: $8.4m LIQUIDITY POSITION $27.6m 3Q26: $27.6m Use of Funds ($’000) Prospectus allocation Utilised amount Balance remaining 4Q26 movement Capital expenditure to expand production 17,591 (658) 16,933 247 Product innovation and IP 3,474 (291) 3,183 66 Product registration and approvals 400 (70) 330 32 Voluntary Carbon Project 632 (52) 580 18 Working capital and overheads 9,279 (8,274) 1,005 5,545 Expenses of the offer 2,000 (2,149) (149) 0 Interest received - 436 436 (164) R&D tax incentive refund - 1,862 1,862 (1,862) Revenue from customers - (3,893) 3,893 (2,064) Total 33,376 (5,303) 28,073 1,818 Less: Restricted cash (261) (60) (321) 0 Total 33,115 (5,363) 27,752 1,818 4 Operational Update 5 First Distribution Centre Global Roundtable for Sustainable Beef • Commissioning activities began for Sea Forest’s first regional mixing and distribution centre, located in Newcastle, NSW • 1,500 square metre facility with the capacity to process and distribute up to 5,000 tonnes of SeaFeed per annum, adding capacity to service a further 300,000 head • Critical to scaling operations in NSW and QLD, which hold 44% and 18%1 of the national cattle herd, respectively • Provides direct access to key customers and suppliers, reducing logistics costs • Began commercial-scale trials with Mainstream Aquaculture, a leading Australian producer of barramundi, to assess the benefits of Asparagopsis in formulated feed. • This follows research from the University of the Sunshine Coast, later confirmed by Deakin University, which identified significant growth improvements in salmon and barramundi. • Early signal of Asparagopsis potential outside of cattle and grazing. • Avondale Ag: exclusive 12-month agreement to supplement approximately 5,000 head of feedlot cattle. • New Agriculture: exclusive 36-month agreement covering three cattle operations – an 8,000-head feedlot, a 25,000-head Wagyu grazing operation, and a 198,000-head northern pastoral operation. • This agreement represents a significant step into Australia’s 30 million head grazing market. New Customer Agreements First Distribution Centre Trials with Mainstream Aquaculture New commercial agreements, infrastructure and trials during the quarter Notes: (1) https://www.mla.com.au/news-and-events/industry-news/herd-and-flock-numbers-for-each-region-released/ Outlook • Continuing to strengthen production capability and distribution network • Advancing regulatory approvals and customer trials across priority international jurisdictions • R&D team is developing additional delivery mechanisms to facilitate wider adoption • Woolworths, DIT AgTech and Teys Australia trial opens access to Australia’s 30 million2 head grazing livestock market, with discussions underway with potential customers • With all customers joining Sea Forest's registered Verra carbon project, carbon trading will be a new revenue stream for both Sea Forest and its customers from 2Q27. Each 100,000 cattle on SeaFeed should abate over 100,000 tonnes of CO2e per annum, each being issued with a fully tradeable carbon credit. 6 Notes: (2) https://www.abs.gov.au/statistics/industry/agriculture/australian-agriculture-livestock/latest-release Q&A Thank you CONTACT: Aileen Bodart +61 432 160 136 aileen.bodart@sodali.com