Board Change • Jul 24
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director David Wheeler is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Jul 13
Cycliq Group Limited Announces Board Changes Cycliq Group Limited announced, effective July 13, 2026, the appointment of Mr. Ariel (Eddie) King as Non-Executive Director of Cycliq. Mr. King replaced Mr. Gareth Jakeman, who resigned due to a serious family medical issue. Mr. King holds a Bachelor of Commerce and Bachelor of Engineering (Mining Systems) from The University of Western Australia. Mr. King’s experience includes being a manager for an investment banking firm, where he specialised in providing corporate advisory services for micro-cap ASX-listed companies. Mr. King is also a director of CPS Capital Group, one of Australia’s most active stockbroking and corporate advisory firms specialising in small to medium high growth companies. He is currently on the board of Ragnar Metals Limited, Eastern Resources Limited, M3 Mining Limited (M3M), Noble Helium Limited (NHE), Great Northern Minerals Limited (GNM), Bindi Metals Limited (BIM), Queensland Pacific Limited (QPM), Westar Resources Limited (WSR) and Rubix Resources Limited. Reported Earnings • Feb 19
First half 2026 earnings released: EPS: AU$0 (vs AU$0.001 loss in 1H 2025) First half 2026 results: EPS: AU$0 (improved from AU$0.001 loss in 1H 2025). Revenue: AU$2.17m (down 27% from 1H 2025). Net income: AU$45.0k (up AU$303.6k from 1H 2025). Profit margin: 2.1% (up from net loss in 1H 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. 
