Review of Operations Directors’ Report Chairman’s Letter CEO’s Report Financial Report Shareholder Information FORMER OFFICEHOLDERS Mr David Williams (appointed 29 November 2023, resigned 18 December 2025) Mr David Williams had a Letter of Appointment with the Company dated 14 November 2023 to perform the role of Non-Executive Chairman for an annual base fee of $90,090 plus superannuation entitlement (current at 30 June 2025). Mr Williams resigned from the IIQ Board on 18 December 2025. At the date of this report the Company does not have any other consultancy or employment agreements in place with KMP. REMUNERATION OF KEY MANAGEMENT PERSONNEL Short Term Benefits Salary, Leave Accrual & Fees $ Bonus* $ Post - Employment Benefits Superannuation $ Long Term Benefits $ Share Based Payments (Options)# $ Total $ Percentage (%) Fixed Rem. Variable Rem. P Gunzburg1 2026 57,219 – 6,866 – – 64,085 100% 0% Chairman 2025 – – – – – – – – D Williams2 2026 45,045 – 5,405 – (426,460) (376,010) (13%) 113% Former Chairman 2025 90,090 – 10,360 – 634,922 735,372 14% 86% G Cumming 2026 60,000 – 7,200 – 22,905 90,105 75% 25% Non-Exec Director 2025 60,000 – 6,900 – 19,693 86,593 77% 23% P Powell 2026 60,000 – 7,200 – 22,905 90,105 75% 25% Non-Exec Director 2025 60,000 – 6,900 – 19,693 86,593 77% 23% M Johnston 2026 60,000 – 7,200 – 22,905 90,105 75% 25% Non-Exec Director 2025 60,000 – 6,900 – 19,693 86,593 77% 23% M Harney 2026 60,000 – 7,200 – 22,905 90,105 75% 25% Non-Exec Director 2025 45,000 – 5,175 – 19,693 69,868 72% 28% L Hinch 2026 449,946 – 30,000 10,995 22,907 513,848 96% 4% CEO 2025 430,193 90,000 29,932 10,372 60,839 621,336 76% 24% Mark Edwards 2026 294,639 – 30,000 6,791 11,774 343,204 97% 3% CFO and Co Sec 2025 272,568 29,500 29,932 5,097 7,077 344,174 89% 11% G Rice 2026 224,321 – 26,062 5,525 11,781 267,689 96% 4% Founding Scientist and Advisor 2025 217,063 27,803 28,160 5,843 7,907 286,776 88% 12% R Lim3 2026 130,389 – 14,683 238 9,319 154,629 94% 6% CSO 2025 – – – – – – – – Total 2026 1,441,559 – 141,816 23,549 (279,059) 1,327,865 121% (21%) Total 2025 1,234,914 147,303 124,259 21,312 789,517 2,317,305 60% 40% 1 P Gunzburg appointed on 18 December 2025. 2 D Williams resigned on 18 December 2025. The credit in the 2026 financial year includes the impact of the reversal of previously recognised expense on unvested options that were cancelled after resignation. 3 R Lim appointed on 12 January 2026. * Bonuses in the prior year were determined by the Board for the achievement of agreed key performance indicators. The KPI’s achieved include a range of operational initiatives and research and product development milestones. # The amounts reported represent non-cash expense required to be calculated under accounting standard AASB 2 – Share-based Payments. 27 Annual Report 2026
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