CARMA LIMITED DISCLOSURECurrent Reports (8-K / ad hoc)

FY26 Results and Trading Update

Carma Limited (ASX: CMA) ABN 20 648 091 418 ASX Announcement 31 August 2026 1 Carma Full Year Results and Trading Update FY25 FY26 Change Retail units 2,101 3,156 + 50% Wholesale units 807 2,260 + 180% Total units 2,908 5,416 + 86% Revenue $71.4m $113.8m + 59% Gross profit $5.2m $10.5m + 102% Gross profit per retail unit $2,500 $3,300 + 35% Pro Forma EBITDA1 ($27.8m) ($30.2m) - 8% Pro Forma EBITDA margin (38.9%) (26.5%) + 1,248bps Carma Limited (ASX:CMA) today released its Appendix 4E, Financial Report and Investor Presentation for the year ended 30 June 2026 (FY26). FY26 key financial highlights • Revenue of $113.8 million, up 59% vs pcp • Gross profit of $10.5 million, up 102% vs pcp, with gross profit margin improving 196 basis points to 9.2% and gross profit per retail unit increasing 35% to $3,300 • Pro Forma EBITDA of ($30.2) million, representing a Pro Forma EBITDA margin of (26.5%), a 1,248 basis point improvement vs pcp Carma CEO, Lachlan MacGregor, said: "We are very pleased with our first full year result as a listed company. Revenue grew 59% to $113.8 million and gross profit more than doubled to $10.5 million, with gross profit per retail unit up 35% to $3,300. These improvements were driven by the growth of Sell-to Carma, which now supplies 89% of the cars we buy, and by the efficiency gains from the upgraded St Peters reconditioning facility. 1 Pro Forma EBITDA is an unaudited non-IFRS measure. EBITDA is calculated by adding depreciation and amortisation, finance costs and deducting finance income to loss after tax. Pro Forma EBITDA further excludes $3.2 million of IPO transaction costs and the costs of the convertible notes that converted to equity at the IPO, and includes listed company costs in both periods as if the Group had been listed throughout. It is reconciled to statutory results in the Appendix 4E. The H1 FY26 announcement reported EBITDA adjusted for IPO costs only; the two measures are not directly comparable. Percentages are calculated on unrounded numbers. For personal use only 2 The customer response to Sell-to Carma has been excellent. We opened our first locations outside Sydney this year, in Newcastle and Wollongong, and now have nine locations across New South Wales. The supply of vehicles this creates is what has allowed us to grow bot