Half-Year Financial Statements 2022

SensOre Ltd (ASX:S3N) is pleased to present its Half Year Report.

RESULTS FOR ANNOUNCEMENT TO THE MARKET

All comparisons to the half-year ended 31 December 2022

This information should be read in conjunction with the attached Condensed Consolidated Financial Statements for the half-year ended 31 December 2022 of SensOre Ltd.

COMMENTARY ON THE RESULTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2022

The Group reported revenues of $1,971,957 for the half-year ending 31 December 2022, a significant increase on results from the previous half-year ending 31 December 2021. This was largely driven by continued growth services revenue in the AI-enhanced targeting and prospectivity mapping offered by SensOre and the addition of revenue from the acquisition of Intrepid Geophysics completed in August 2022.

SensOre and its controlled entities recorded a net loss after tax of $4,093,053 for the half-year ended 31 December 2022 (31 December 2021: net loss after tax of $3,334,777).

For further commentary on the results for the half-year ended 31 December 2022, please refer to the Review of Operations & Principal Activities in the Directors’ Report.

CONTROLLED ENTITIES ACQUIRED OR DISPOSED OF

There were no controlled entities acquired or disposed of during the period ended 31 December 2022.

Additional Appendix 4D disclosure requirements and commentary can be found in the accompanying Condensed Consolidated Financial Statements for the half-year ended 31 December 2022.

This Appendix 4D report is based on the Condensed Consolidated Financial Statements which have been reviewed by Grant Thornton with the Independent Auditor’s Review Report included in the Condensed Consolidated Financial Statements.

This announcement was authorised for release by the Board of Directors of SensOre Ltd.

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