Announcement PDF 2026 ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2026 PARKWAY CORPORATE LIMITED AND ITS CONTROLLED ENTITIES ABN: 62 147 346 334 Parkway Corporate Limited | 2026 ANNUAL REPORT Page 2 ABOUT PARKWAY CORPORATE LIMITED Parkway is a leading Australian water and wastewater treatment and process technology company. Parkway is focused on the commercialisation of a portfolio of innovative process technologies in key industrial markets, as Parkway believes this is an important and effective strategy for addressing various global water related sustainability challenges. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 3 TABLE OF CONTENTS Corporate Directory 4 Chairman’s Letter 5 Directors’ Report 6 Auditor’s Independence Declaration 31 Consolidated Statement of Profit or Loss and Other Comprehensive Income 32 Consolidated Statement of Financial Position 33 Consolidated Statement of Changes in Equity 34 Consolidated Statement of Cash Flows 35 Notes to the Consolidated Financial Statements 36 Consolidated Entity Disclosure Statement 69 Directors’ Declaration 70 Independent Auditor’s Report 71 Shareholder Information 75 Parkway Corporate Limited | 2026 ANNUAL REPORT Page 4 CORPORATE DIRECTORY Directors Bahay Ozcakmak Ron Douglas Sylvia Tulloch Company Secretary Amanda Wilton-Heald Michael Hodgkinson Registered and Principal Office Warehouse 5 45 Bunnett Street Sunshine North VIC 3020 Australia Telephone: +61 (0) 3 9069 3200 Website: www.pwnps.com Email: ir@pwnps.com Share Registry Xcend Pty Ltd Level 2, 477 Pitt Street Haymarket NSW 2000 Australia Telephone: +61 (2) 7208 8033 Email: support@xcend.co Auditor Horizon Nexus (WA) Audit Pty Ltd (formerly Nexia Perth Audit Services Pty Ltd) 4/88 William St Perth WA 6000 Australia Telephone: +61 (0) 8 9463 2463 Email: info@nexiaperth.com.au Stock Exchange Listing Parkway Corporate Limited shares are listed on the Australian Securities Exchange (ASX: PWN) and the Frankfurt Stock Exchange (FSE: 4IP). Parkway Corporate Limited | 2026 ANNUAL REPORT Page 5 CHAIRMAN’S LETTER Dear Shareholder, On behalf of the board of Parkway Corporate Limited (“Parkway”), I am pleased to present Parkway’s FY26 Annual Report. FY26 was a year of strong operational execution and important strategic progress, as Parkway and its controlled entities (the “Group”) continued their growth as a leading integrated industrial water, wastewater treatment and process technology group. Our Industrial Operations business, Parkway Process Solutions (“PPS”), delivered record operating revenue for the year, underpinned by the successful execution of a major structural, mechanical and piping scope for one of Australia’s largest municipal resource recovery projects. The project demonstrated the value of the engineering, fabrication, installation and project delivery capabilities assembled across the Group. It also contributed to improved earnings and cash generation, with the Group generating $1.69 million of operating cash flow during FY26 and closing the year with $2.9 million in cash. PPS also continued to broaden its customer base and accredited vendor relationships across the water, energy, mining and industrial sectors. Investments in people, plant and equipment supported the safe and efficient delivery of increasingly complex projects. While activity on the major resource recovery project is expected to moderate as the project approaches completion, the broader project backlog, opportunity pipeline and increasingly diverse operating portfolio provide a strong platform for future growth. Significant progress was also achieved in our Process Technologies division. During the year, Queensland Brine Solutions (QBS) secured a strategically located 10-hectare site in Queensland’s Western Downs region and advanced the QBS Brine Management Complex (QBMC) through the approvals process. The Environmental Authority and State- controlled road access approval were secured during FY26 and, at the date of this report, the Development Application (DA) for Stages 0 and 1 has also been approved. These approvals represent a major de-risking milestone and support the planned staged development of a first-of-a-kind facility designed to convert regulated waste brines and salts into valuable industrial chemicals. In addition to ongoing R&D related activities, the strategic collaboration entered into with Hitachi to develop modular ultra-high brine concentration systems further strengthens Parkway’s commercialisation roadmap. Concurrent with the announcement of the DA, Parkway released detailed industry and regulatory analysis that reinforces the relevance of Parkway’s proprietary technology portfolio and the potential for QBMC to address a significant long-term environmental and industrial challenge. The significant evolution of the business in recent years made FY26 an appropriate time for Board renewal, with changes designed to align director experience and expertise with the Company's current scale, strategic priorities and future ambitions. Stephen van der Sluys retired as Chairman in January 2026, and Ayten Saridas and Penelope Creswell also retired in August 2026, when I assumed the role of Non-Executive Chair, joined by Ms Sylvia Tulloch as Non- Executive Director. I am pleased to join Parkway at this exciting time in the Group’s development and look forward to contributing to its next stage of growth. On behalf of the Board, I thank Stephen, Ayten and Penny for their contribution to Parkway and their support during an important period in the Group’s development. The Board remains focused on maintaining strong governance and ensuring the availability and commitment of the requisite skills and experience required for Parkway’s next stage of growth. The progress achieved during FY26 reflects the commitment of our employees, management team, partners and advisers. On behalf of the Board, I thank them for their contribution and thank our shareholders for their continued support. Parkway enters FY27 with strengthened operating capabilities, key approvals secured for QBMC and a clear focus on disciplined execution and long-term value creation. Yours sincerely, Mr. Ron Douglas Non-Executive Chairman 29 September 2026 Parkway Corporate Limited | 2026 ANNUAL REPORT Page 6 DIRECTORS’ REPORT The Directors present their report on Parkway Corporate Limited (ACN 147 346 334) (“Parkway”, or the “Company”), and its controlled entities (the “Group”), for Parkway’s financial year ended 30 June 2026 (“FY26”). Directors The names and details of the Company’s Directors who held office during the financial year, together with Directors appointed after year end and in office at the date of this report, are set out below. During FY26 Stephen van der Sluys retired as Chairman and Ayten Saridas was appointed interim Chair whilst the Company began a search for a new Chair. Name Tenure During Financial Year Stephen van der Sluys (Non-executive Chairman) Retired 12 January 2026 1 July 2025 to 12 January 2026 Bahay Ozcakmak (Group Managing Director & CEO) 1 July 2025 to 30 June 2026 Penelope Creswell (Non-executive Director) Retired 10 August 2026 1 July 2025 to 30 June 2026 Ayten Saridas (Non-executive Director) from 12 January 2026 interim Non-executive Chair, Retired 10 August 2026 1 July 2025 to 30 June 2026 Ron Douglas (Non-executive Chairman) 10 August 2026 to date of this report Sylvia Tulloch (Non-executive Director) 10 August 2026 to date of this report Names, qualifications, experience and special responsibilities Stephen van der Sluys – Non-executive Chairman Qualifications BBuild, FAusIMM, FAICD Mr van der Sluys is a highly credentialed investment banker and business executive, with extensive international experience in capital markets and strategic transactions, including mergers & acquisitions. Mr van der Sluys has held a number of senior investment banking roles (predominantly in Australia and the United States of America), including with Citibank, JP Morgan Chase & Co, Bank of New Zealand and as CEO of CIBC Wood Gundy Australia. In addition to his investment banking experience, Mr van der Sluys has also held various senior executive roles, at a range of large companies which operate in the mining and resources industry, including as Executive Director of Queensland Nickel at the time during which Parkway successfully listed as an ASX company. More recently, Mr van der Sluys has assisted a number of junior resources companies achieve corporate success. Mr van der Sluys has extensive experience in the project and structured financing of Queensland mining and infrastructure projects over several decades. He was directly involved in QAL (Gladstone) and QNI expansion projects (Yabulu), as well as in the financing of major base metal and coal projects for the former MIM Limited (Glencore). His project experience extended to mineral sand production at Southport, fertiliser production at Gibson Island and the early attempts to develop major oil shale projects given Queensland's extensive hydrocarbon resources. Other listed company directorships during the last 3 years: None. Mr van der Sluys was a member of the Audit & Risk Committee, Remuneration Committee (Chairman), and the Nomination Committee. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 7 DIRECTORS’ REPORT Bahay Ozcakmak – Group Managing Director & CEO Qualifications BSc, MABus, DipFin(Inv.), MAICD Mr Ozcakmak is a highly experienced executive having been engaged as a corporate adviser by a large number of companies operating in a range of sectors, during the last 20 years. Mr Ozcakmak has extensive corporate development expertise, including M&A experience in the technology, energy and mining sectors, where he has led the successful acquisition, development and/or commercialisation of several flagship projects, including major corporate transactions, mostly with publicly listed companies. In addition to extensive corporate experience in business and corporate strategy development in the energy and mining sectors, including in a diverse range of commodities, Mr Ozcakmak has also been focused on creating value through the commercialisation of innovative and sustainable technologies in these sectors. During two decades of successful technology commercialisation experience, Mr Ozcakmak has also founded several technology companies, including Activated Water Technologies (“AWT”) and was the CEO of AWT’s parent company, Consolidated Potash Corporation, up until its acquisition by Parkway. Mr Ozcakmak is considered a technology commercialisation expert, having successfully led the commercialisation of numerous technologies in the agtech, biotechnology, water, energy and mining sectors. Since 2015, Mr Ozcakmak has also led a highly successful collaboration with leading researchers at Victoria University. In recognition of the contributions made by Mr Ozcakmak to the Institute of Sustainable Industries & Liveable Cities at Victoria University, in March 2020, the honorary title of Adjunct Associate Professor was conferred upon Mr. Ozcakmak. Following two successful terms, in March 2026, the honorary title of Adjunct Professor was conferred upon Mr. Ozcakmak. Mr Ozcakmak has extensive equity capital market experience, is a director of several private companies and has previously held directorships and C-suite roles with numerous companies listed in Australia (“ASX”), Canada (“TSX”) and the UK (“AIM”). Other listed company directorships during the last 3 years: None. Ayten Saridas – Non-executive Director Qualifications CPA Australia, BComm, MAppFin Ms Saridas is a results-driven finance executive with over 30 years of international experience across a broad range of industries including in oil and gas, mining, retail, infrastructure, property, and financial services. Ms Saridas is a proven leader with an established reputation in the financial markets, with a solid track record in the investment community and brings commercial acumen and strength in strategic thinking and delivering solutions for complex financial situations. Ms Saridas has until recently held CFO and executive roles with Coronado Global Resources, Santos Ltd, AWE Limited and Woolworths amongst other ASX listed companies. Ms Saridas’s core strengths include working with companies to develop disciplined capital allocation strategies, drive growth through strategic positioning and execution of business plans to deliver sustainable profits. Ms Saridas has led the development of corporate strategy, M&A and IPO transactions, corporate defence and multi-billion dollar capital raisings in support of these achievements. Other listed company directorships during the last 3 years: Australian Pacific Coal Ltd (Director November 2022 – 29 November 2024). Ms Saridas was a member of the Audit & Risk Committee, Remuneration Committee, and the Nomination Committee. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 8 DIRECTORS’ REPORT Penelope Creswell – Non-executive Director Qualifications BA, LLB (Hons), MAICD Ms Creswell is a highly experienced lawyer, with 25+ years of professional experience, including ~10 years at Allens (one of Australia’s most prestigious top-tier law firms) and most recently ~7 years as the leading in-house legal counsel for all planning and environmental legal matters at Cleanaway Waste Management Limited (ASX:CWY), Australia’s largest waste management company. Ms Creswell is currently the Head of Environment and Regulatory Compliance at Cleanaway, a national role she has held since December 2021. Ms Creswell also brings ~4 years of experience at the Northern Land Council in the Northern Territory, as well as experience as a secondee General Counsel at Melbourne Water, to her role with the Group. While her professional career has spanned diverse areas of law, her key focus over the last 15 years has been infrastructure projects, planning and environmental law, including in the waste and water sectors. Other listed company directorships during the last 3 years: None. Ms Creswell was a member of the Audit & Risk Committee, Remuneration Committee, and the Nomination Committee. Ron Douglas – Non-executive Chairman, appointed 10 August 2026 Qualifications BE, FAIM, FAusIMM, MAICD Mr Douglas has extensive executive and operations delivery experience gained over a 45-year career with publicly listed global mining, energy, and manufacturing companies. He brings valuable major engineering, construction and project delivery experience gained in both owner/operator and engineering/construction contractor organisations to his board positions. Mr Douglas’s previous senior and executive positions include those with Ausenco, Newcrest, Orica, Rio Tinto and WMC Resources. Other listed company directorships during the last 3 years: VHM Limited. Mr Douglas is a member of the Audit & Risk Committee, Remuneration Committee (Chairman), and the Nomination Committee. Sylvia Tulloch – Non-executive Director, appointed 10 August 2026 Qualifications AM, BSc, MSc Ms Tulloch is a materials scientist with extensive experience in establishing and managing high technology businesses, with a strong focus on commercialisation, mineral processing technologies, and the cleantech sector. She holds a Bachelor of Science and a Master’s in Materials Science from the University of New South Wales and has founded two companies that successfully listed on the ASX. Sylvia has also served in government advisory roles across the start-up, renewable energy, and manufacturing sectors. She is an active investor and director in multiple start-ups and serves as Chairman of Griffin Accelerator Holdings. Other listed company directorships during the last 3 years: Zeotech Limited. Ms Tulloch is a member of the Audit & Risk Committee, Remuneration Committee and the Nomination Committee. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 9 DIRECTORS’ REPORT Joint Company Secretaries Amanda Wilton-Heald Ms Wilton-Heald is a Chartered Accountant with over 25 years of accounting, auditing (of both listed and non-listed companies) and company secretarial experience within Australia and the UK. Amanda has been involved in the listing of junior explorer companies on the ASX and has experience in corporate advisory and company secretarial services. Michael Hodgkinson Qualifications CPA Australia, BEc, LLB (Hons), EMBA – Global (LBS & Columbia) Mr Hodgkinson is an experienced finance and commercial executive with a strong track record across cleantech, technology commercialisation, engineered products and major projects. He has held senior roles with multinational organisations including Citigroup, Alcatel and Comalco, as well as high-growth, venture-backed technology companies including RayGen and Relectrify. While at Citigroup in London, Michael established and led the finance and legal functions of Orbian and helped create its joint venture with SAP to develop a global trade-finance platform. Across his career, he has supported growth and shareholder value creation through capital raising, financial and commercial leadership, strategic partnerships, major contract negotiation and the commercialisation of innovative technologies. Michael joined Parkway as Chief Commercial Officer in May 2023, was appointed Chief Financial Officer in October 2023 and became Joint Company Secretary in October 2024. In these roles, he has contributed to the advancement of Parkway’s strategic and commercial priorities while strengthening the Group’s finance, governance and reporting capabilities. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 10 DIRECTORS’ REPORT Interests in the shares and options of Parkway and related bodies corporate At 30 June 2026, the interests of the Directors (including related parties) in office during FY26 and the interests of Directors (including related parties) appointed after year end in the shares and options of Parkway were: Number of ordinary shares Number of options over ordinary shares Number of Performance Rights over ordinary shares Bahay Ozcakmak 222,070,534 - 12,237,500 Penelope Creswell - - 2,500,000 Ayten Saridas - - 2,500,000 Ron Douglas* - - - Sylvia Tulloch* - - - * Appointed 10 August 2026. Dividends No dividend has been paid or declared for the year ended 30 June 2026 (30 June 2025: nil) and the Directors do not recommend the payment of a dividend in respect of the financial year. OPERATING AND FINANCIAL REVIEW Principal activities The principal activities of the Group during FY26 include: • the commercialisation of proprietary water, wastewater and brine processing technologies, with applications in the energy and mining sectors (“Process Technologies Division”); and • the provision of conventional water and wastewater treatment related products & services, including fabrication as well as project delivery related services including installation (“Industrial Operations Division”), to complement and support the Group’s Process Technologies Division. Operating results for the year The Group’s loss after income tax expense for its FY26 was $417,754 (2025 profit: $15,915). Financial Performance 2026 2025 % Increase/ $ $ (Decrease) Sales revenue 19,866,123 15,144,043 31% Total income 19,981,056 15,302,031 31% Profit / (Loss) before tax (417,754) 21,169 -2,073% Profit / (Loss) after income tax expense (417,754) 15,915 -2,725% Profit / (Loss) per share (cents) (0.015) 0.001 -2,725% The financial position of the Group is presented in the attached Consolidated Statement of Financial Position. As of 30 June 2026, the Group had a net asset balance of $13,773,551 which is a decrease of $7,243 from $13,780,793 as of 30 June 2025. The cash balance increased from $2,580,193 as of 30 June 2025 to $2,931,990 as of 30 June 2026. For further details, refer to the Consolidated Statement of Financial Position. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 11 DIRECTORS’ REPORT OPERATING AND FINANCIAL REVIEW (continued) The Group’s financial position should be considered together with the significant uncertainty relating to going concern disclosed in Note 2(a) to the financial statements, which also outlines the Directors’ assessment and planned mitigating actions. INTRODUCTION Parkway is a leading Australian water and wastewater treatment and process technology company. Parkway is focused on the commercialisation of a portfolio of innovative process technologies in key industrial markets, as Parkway believes this is an important and effective strategy for addressing various global water related sustainability challenges. In recent years, Parkway has made significant investments in groundbreaking Research and Development (“R&D”) related activities, including in the acquisition, development, validation and optimisation of a comprehensive portfolio of cutting-edge industrial water treatment related process technologies. In support of Parkway’s accelerated technology commercialisation strategy, Parkway primarily operates through two strategically integrated capacities: ▪ Industrial Operations business division is focused on the provision of conventional water and wastewater treatment related products and services, incorporating engineering, fabrication as well as project delivery related services including installation, for a broad range of predominantly commercial, industrial and municipal clients. ▪ Process Technologies business division is primarily focused on innovative process technology related R&D, including process development, evaluation, optimisation and piloting, as well as a range of technology commercialisation related activities. As the Industrial Operations division continues to grow and build critical mass, it is increasingly important in providing Parkway with a suitable project delivery platform to commercialise its portfolio of proprietary process technologies, being developed by the Process Technologies division. Integrated Water Treatment Capabilities Across FY26, Parkway continued to strengthen its capabilities across the project lifecycle, including process development, equipment selection, engineering, procurement, fabrication, installation and commissioning. These capabilities enable the Group to deliver increasingly complex water and wastewater treatment infrastructure and provide a practical pathway for the deployment of first-of-a-kind process technology solutions. Overview The Group’s Industrial Operations are performed through Parkway Process Solutions (“PPS”). PPS supplies specialised water treatment products and provides engineered solutions, fabrication, installation and structural, mechanical and piping (“SMP”) project execution services to a broad range of customers, including municipal water authorities, major engineering contractors, energy and mining companies and other industrial clients. Operating performance PPS delivered record operating revenue in FY26, with activity weighted to the second half as execution of a major municipal resource recovery project accelerated. Following mobilisation and ramp-up, the project team reached a peak site workforce of approximately 36 full-time equivalent personnel during H2 FY26. The Group’s performance during the year demonstrated the value of the integrated project delivery capabilities developed following the acquisition and integration of Tankweld. The delivery of a complex SMP scope on one of Australia’s largest municipal resource recovery projects currently under construction, showcased Parkway’s capacity to execute high-value water infrastructure works for tier-one counterparties. It also provided valuable organisational experience relevant to the future development and delivery of Parkway’s proprietary technology projects. Project delivery capabilities During FY26, the Group continued investing in plant, equipment, vehicles and systems to support efficient project execution and scalable growth. Procurement, workshop fabrication, site installation and project management activities were coordinated across the Group’s operations, enabling PPS to respond to changes in project schedules and progressively increase site activity. The successful ramp-up and delivery of the major resource recovery project provided further evidence of the depth of Parkway’s engineering, fabrication and construction capabilities. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 12 DIRECTORS’ REPORT OPERATING AND FINANCIAL REVIEW (continued) The Group also onboarded an operations manager during the year to drive further improvements in operational performance. A restructuring of PPS-Perth was completed to better align local capabilities with national strategic priorities and to establish a more efficient and scalable operating model. Business development and outlook PPS continued to expand its customer and accredited vendor base during FY26, including initial orders from several new industrial customers. The Group continued to build and maintain relationships with municipal water authorities, major engineering firms, energy companies, mining companies and a range of industrial customers. PPS Digital also achieved an important milestone during Q4-FY26, surpassing $1.0 million in revenue on a trailing twelve-month basis. The major municipal infrastructure project made a substantial contribution to FY26 revenue and remained active beyond year end. As the project approaches completion, revenue growth is expected to moderate from Q2-FY27. The Group is therefore focused on converting its broader project opportunity pipeline, continuing to diversify revenue sources and selectively pursuing projects that value Parkway’s specialised engineering and integrated delivery capability. PROCESS TECHNOLOGIES DIVISION Overview Process Technologies related activities are performed through Parkway Process Technologies (“PPT”) and QBS. The division is focused on the development and commercialisation of proprietary process technologies for complex wastewater and industrial process streams, including brines traditionally considered difficult or uneconomic to treat. Core activities include process development, laboratory and pilot testing, flowsheet optimisation, technoeconomic evaluation, engineering scale-up and strategic partnering. Technology development and commercialisation priorities During FY26, PPT continued to advance its technology portfolio through the Parkway Centre for Brine Technologies and its research collaboration with Victoria University. The Group’s process technology stack has potential applications across the oil and gas, mining, mineral processing, municipal water and broader industrial sectors. While a significant proportion of current activity is directed towards the planned QBS Brine Management Complex (“QBMC”), Parkway is also pursuing modular systems and third-party applications capable of creating nearer-term commercial opportunities. The Group continued to develop a modular product range focused on brine pre-treatment, concentration, crystallisation and chemical synthesis. Standardised and pre-qualified modular systems are expected to support the staged development of QBMC and provide an efficient route to market for external customers requiring specialised brine processing solutions. Strategic collaboration with Hitachi In May 2026, Parkway entered into a binding memorandum of understanding with Hitachi to jointly develop state-of- the-art ultra-high brine concentration systems. The initial focus of the collaboration is a standardised modular product range known as Parkway Hitachi Ultra-High Brine Concentration Systems (“PH-UHBCS”), with potential deployment at QBMC and in selected markets across Australia and internationally. The collaboration combines Parkway’s process technology portfolio and local project delivery capability with Hitachi’s international equipment engineering and high-specification complex water treatment experience. The PH-UHBCS product range is intended to address both upstream concentration at customer sites and downstream concentration at the QBMC site, while also creating opportunities to supply differentiated systems to third parties. Queensland Brine Solutions and QBMC QBS is developing QBMC as a staged, first-of-a-kind waste-brine-to-chemicals facility in Queensland’s Western Downs region. The project is designed to provide liquid waste management services for regulated waste brines and to convert contained salts into industrial chemical products. The intended feed sources include coal seam gas (CSG), mining related wastewater, industrial and municipal water treatment operations. Parkway Corporate Limited | 2026 ANNUAL REPORT Page 13 DIRECTORS’ REPORT OPERATING AND FINANCIAL REVIEW (continued) In October 2025, QBS secured a strategically located 10-hectare project site in the heart of Queensland’s CSG industry. The site is located near major road, power, pipeline and water infrastructure and is in proximity to substantial existing and proposed CSG developments. During FY26, the Group refined the integrated QBMC configuration and progressed planning for a Commercial Demonstration Project (Stage 0), intended to process a range of waste brines and provide engineering data to support a final investment decision for the first full-scale commercial stage (Stage 1). QBMC approvals On 22 December 2025, QBS lodged a Development Application (DA) covering Stage 0 and Stage 1 of QBMC with Western Downs Regional Council. During FY26, the application progressed through the information and referral and public notification stages. On 16 June 2026, the Queensland Government State Assessment and Referral Agency advised QBS that the associated Environmental Authority and State-Controlled Road Access Permit had been approved, subject to conditions. Subsequent to the end of FY26, on 20 August 2026, Western Downs Regional Council approved the DA for QBMC. The approved DA covers both the proposed Commercial Demonstration Project and the first full-scale commercial stage. Securing these primary a