Announcement PDF Australia’s future in bioenergy and renewables Annual Report 2026 Delorean Corporation Limited ACN 638 111 127 2 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Australia’s transition to a low-carbon future is creating demand for new energy sources. Renewable natural gas provides a reliable, lower-carbon energy solution for hard-to-abate industries that cannot be easily electrified. Bioenergy is proven, commercially viable, mature technology, widely deployed internationally. In Australia, the renewable gas market is only beginning to emerge, creating a significant opportunity for infrastructure deployment. Delorean is building the renewable natural gas infrastructure, partnerships and platform to scale the bioenergy in Australia. 3 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Table Of Contents Contents Company Overview ............................................................................................................................................. 4 Delorean at a Glance........................................................................................................................................... 5 Corporate Directory ............................................................................................................................................ 6 About This Report ............................................................................................................................................... 7 Chairman’s Address............................................................................................................................................. 8 Investment Highlights ....................................................................................................................................... 12 Delorean Results in FY2026............................................................................................................................... 13 FY2026 at a Glance............................................................................................................................................ 14 Directors’ Report............................................................................................................................................... 17 Consolidated Statement of Profit or Loss and Other Comprehensive Income.…………………………………………….64 Consolidated Statement of Financial Position …………………………………………………………………………………………….65 Consolidated Statement of Changes in Equity …………………………………………………………………………………………….66 Consolidated Statement ofCash Flows.............................................................................................................. 68 Notes to the Consolidated Financial Statements ............................................................................................... 69 Directors’ Declaration...................................................................................................................................... 127 4 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Company Overview Annual Report This annual report provides a summary of our activities and performance for the financial year ended 30 June 2026. Delorean Corporation We are a leading bioenergy company in Australia, committed to sustainability and innovation. Our projects are paving the way towards a greener future, reducing environmental burdens and powering a cleaner, more sustainable Australia. Vision To be recognised as Australia and New Zealand’s leading emerging renewable energy generator Mission To build, own and operate the largest portfolio of commercially successful renewable energy infrastructure in Australia and New Zealand, measured by value of developed assets and quantity of renewable electricity, heat and renewable gas produced. renewable energy generator d retailer, led by its fast- growing bioenergy infrastructure footprint. SA1 Salisbury Bioenergy Plant 5 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Delorean at a Glance Building Australia’s Renewable Gas Infrastructure Delorean develops, constructs, owns and operates bioenergy infrastructure that converts organic waste into renewable natural gas and other valuable biproducts From Waste to Renewable Natural Gas Delorean Corporation bioenergy plants use a natural process called anaerobic digestion to convert organic waste into renewable energy, helping decarbonise Australia’s hard-to-abate industries. Our Business Model Renewable gas is supplied through existing gas infrastructure to industrial and commercial customers 100% Focused on renewable gas infrastructure $200M + current development projects Multiple Revenue streams from each project Strong Partnerships with waste, industrial and energy companies Delivering Positive environmental and community impact Process Source Product Market Benefit Our projects take commercial and industrial organic waste that would otherwise go to landfill Our anaerobic digestion plants convert that waste into biogas Biogas is converted into renewable natural gas (biomethane), biogenic CO2 and renewable electricity We provide a circular economy solution that displaces fossil fuel gas with renewable gas and generates long-term value Develop Strategically located sites with Tier-1 commercial partners Construct Design and build commercial-scale bioenergy infrastructure Own Invest in and own infrastructure that creates long-term value Operate Operate assets safely to generate multiple recurring revenues Reinvesting in our BOO platform to build a portfolio of high-quality, owned renewable gas assets in Australia How Delorean makes money Our integrated model provides multiple diversified revenue streams • Gate fees • Renewable natural gas offtake • Renewable biogenic CO₂ offtake • Environmental credits (ACCUs, RGGOs, LGCs) • Biofertiliser (future upside) • Engineering - EPC & O&M Contract Margins • Future Energy Contracts 6 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Corporate Directory Directors Mr Hamish Jolly Mr Joseph Oliver Mr Stephen Gostlow Mr Jared Thomas Ms Surena Ho ASX Code Shares: DEL Legal Form of Entity Public Company Company Secretary Mr Aidan Flynn Contact Details www.deloreancorporation.com.au info@deloreancorporation.com.au +61 8 6147 7575 Country of Incorporation and Domicile Australia Registered and Principal Office Ground Floor 1205 Hay Street WEST PERTH WA 6005 Corporate Governance Statement https://investorhub.deloreancorporation.c om.au/governance Postal Address Ground Floor 1205 Hay Street WEST PERTH WA 6005 Auditors BDO Audit Pty Ltd Level 9, Mia Yellagonga Tower 2 5 Spring Street PERTH WA 6000 Bank NAB 100 St Georges Terrace Perth WA 6000 7 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 About This Report The 2026 Annual Report of Delorean Corporation Ltd presents a comprehensive overview of the Group’s financial, operational and sustainability performance for the financial year ended 30 June 2026. This Report presents the Operating and Financial Review, Directors’ Report, and Financial Statements, providing stakeholders with a comprehensive overview of Delorean’s performance, governance, and progress over the financial year. Unless stated otherwise, references to ‘Delorean’, ‘the Group’, ‘we’, ‘us’ and ‘our’ throughout this report refer to Delorean Corporation Ltd, encompassing the ASX-listed entity and its subsidiaries. This report is intended for a broad range of stakeholders, including investors, employees, customers, partners, regulators, and the communities in which we operate. Our Annual Report outlines how Delorean’s business operations, strategic direction, governance, and risk management approach underpin the Group’s role in advancing Australia’s sustainable future through the development and operation of bioenergy projects. 8 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Chairman’s Address FY2026: Turning Construction Into Cash Flow Delorean Corporation Ltd continues to lead the development of bioenergy infrastructure in Australia, and remains the only ASX-listed company delivering commercial-scale anaerobic digestion assets that produce renewable biomethane and diversified green revenues. FY2026 was the year in which Delorean's strategic pivot — from bioenergy construction contractor to build- own-operate (“BOO”) infrastructure owner and operator — continued to gain real momentum. Our largest ever engineering contract was completed and transitioned to annuity-style operating revenue, construction of our first wholly owned BOO asset advanced towards commissioning, and our development pipeline was expanded and de-risked through new grant funding, strategic partnerships and landmark offtake agreements. Lilydale: A Major Contract Completed During the year, Delorean achieved Practical Completion of the $53 million Yarra Valley Water Lilydale bioenergy facility in Victoria — our largest engineering contract to date — and transitioned into the Operations & Maintenance phase, a contract worth approximately $10 million over its initial three-year term. Lilydale is now accepting organic waste from the Melbourne metropolitan area and producing biogas, a fitting showcase for Delorean's engineering capability and a further extension of our track record across five major projects delivered in Australia and New Zealand. SA1 Salisbury: Approaching First Gas Our flagship BOO asset, the SA1 Salisbury bioenergy facility in South Australia, advanced strongly through the year. Major civil works, the digestion tanks and reception building were completed, long-lead equipment including the biomethane upgrading plant progressed through fabrication and delivery, and the project achieved GreenPower accreditation with a connection agreement to the Australian Gas Infrastructure Group South Australian network — clearing the way for SA1 to become the first facility in Australia to inject mains-grade biomethane produced from commercial and industrial organic waste into the gas grid. Construction reached more than 80% completion by financial year end (now more than 85%), with waste acceptance and first gas targeted in FY2027. Once at nameplate capacity, SA1 will deliver five integrated revenue streams from a single asset — organic waste tipping fees, biomethane sales and Renewable Gas Guarantees of Origin, contracted liquid carbon dioxide, Australian Carbon Credit Units, and biofertiliser. Origin Energy Offtake and NAB Project Finance A standout achievement of FY2026 was the execution of a binding long-term biomethane offtake agreement with Origin Energy, under which Origin will purchase up to 200 terajoules of biomethane per annum from SA1 on a take-or-pay basis for eight years from first gas, with a further two-year extension option. Combined with our existing ten-year liquid CO₂ offtake with Supagas, Delorean has now locked in as much as $55 million of contracted revenue with investment-grade counterparties over a 10 year term of the SA1 asset. 9 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 The Origin agreement also satisfied a key condition precedent for progressive payments of up to $6.08 million under our initial ARENA grant. During the financial year, ARENA approved a $1.66m variation, increasing the total grant to $7.74 million, with milestone payments approved during the year lifting cumulative ARENA receipts to $5.46 million. Subsequent to signing the Origin agreement, Delorean executed a $14.5 million project finance facility with National Australia Bank (NAB) — marking Delorean's first project finance relationship with a major Australian bank and an important step toward a broader, lower-cost banking relationship as we scale our BOO portfolio. Expanding and De-Risking the Development Pipeline Delorean also made important progress in expanding its national development pipeline, worth in excess of $200 million. In New South Wales, our joint development partner Brickworks elected not to progress to a Final Investment Decision on the originally proposed Horsley Park joint venture project. Rather than lose momentum, Delorean restructured the opportunity around full Company ownership, securing $30.5 million in combined grant funding support from the NSW Government's Net Zero Manufacturing Initiative and ARENA's National Industrial Transformation Program, while retaining Brickworks as site host and long- term gas offtaker under 25-year agreements. On this basis, the Board approved a positive Final Investment Decision for the $62.1 million, 100%-owned NSW1 project, subject to completing the remaining $31.6 million of construction funding — a process well progressed at the date of this report, with construction targeted to commence in the last quarter of calendar 2026. In Victoria, the VIC1 Stanhope project continued to advance toward Final Investment Decision, with contractual negotiations and financing arrangements progressing to secure a gas connection with Australian Gas Infrastructure Group (AGIG). In Queensland, our QLD1 project continued to progress with the support of Queensland Government grant funding. We also entered into a strategic Memorandum of Understanding (MOU) and Master Services Agreement with Opal, Australia's largest paper and packaging manufacturer, to undertake an Opal-funded feasibility study of up to $2 million at its Maryvale Mill in Victoria — a potential pathway to further bioenergy developments across Opal's national operations — and extended our long-standing MOU with ATCO Gas Australia to support the export of biomethane through ATCO's distribution network. FY2026 Results: Building the Platform for Recurring Revenue FY2026 was, as flagged in last year's report, a year of continued reinvestment ahead of BOO revenue coming onstream. Group revenue for the year reflected the substantial completion and handover of the Lilydale construction contract during the period, while total gross assets grew to more than $60 million as capital continued to be deployed into the SA1 and NSW1 project pipeline. Delorean strengthened its balance sheet during the year through a $2.2 million strategic placement to LMS Energy, a well-regarded participant in Australia's waste and energy sector, which now holds a 9.64% stake in the Company, together with a follow-on Share Purchase Plan that raised a further $0.75 million from eligible shareholders. Together with an R&D tax incentive refund of $5.76 million and the continued support of our financing partners, Tanarra Restructuring Partners and NAB, these initiatives support Delorean through to first BOO revenues, and the Board and management remain focused on transitioning the Company to recurring, infrastructure-backed earnings from FY2027. Policy Tailwinds and Market Demand The policy backdrop for Delorean's business continued to strengthen throughout FY2026. Early in the year, the NSW Government released its Renewable Fuel Scheme and Renewable Fuels Strategy, formally elevating renewable gas as a key decarbonisation tool for the state's industrial base. More recently, the Federal Government released its National Bioenergy Feedstock Strategy, recognising Australia's comparative advantage in agricultural and organic feedstocks and estimating the bioenergy feedstock opportunity could be worth up to $15 billion annually and support around 26,000 additional jobs by 2050. 10 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 These initiatives build on the recognition of biomethane as a natural gas equivalent and the Renewable Gas Guarantee of Origin scheme administered by GreenPower — both of which directly underpin the bankability and revenue certainty of Delorean's BOO portfolio — together with landfill diversion policies and rising landfill levies across multiple states, which continue to strengthen the economics of organic waste diversion nationally. Board, People and Sustainability Our Board and people continued to strengthen during the year. Surena Ho joined as a Non-Executive Director on 1 August 2025, bringing more than 20 years of gas industry experience gained at Osaka Gas, Chevron, Alinta and Woodside, further deepening our expertise as we scale a gas-focused infrastructure business. Jared Thomas was appointed as a Non-Executive Director on 11 May 2026. Jared is the Head of Investments for Tanarra Capital’s Special Situations division and brings more than 15 years of experience across investment management, banking and accounting, including roles with Sumitomo Mitsui Banking Corporation and Westpac. Michael Phillip retired from the Board on 11 May 2026, while David McArthur retired on 1 August 2025. On behalf of the Board, I thank Michael and David for their valued contributions and guidance they provided during their tenure. Delorean also published its fourth annual ESG Report in November 2025 and again maintained a zero lost- time injury rate across its construction and operating sites — a result of which the whole team should be proud, and one that underlines the safety culture required to deliver a national portfolio of infrastructure assets. Outlook for FY2027 Looking ahead to FY2027, our priorities are clear: bring SA1 through to first gas and progressively ramp up all five of its revenue streams; complete financial close and commence construction of NSW1; secure Final Investment Decision and funding for VIC1; and continue to advance QLD1, the Opal feasibility study and our broader national pipeline. As these BOO assets come on stream, Delorean is positioned to transition from a company reinvesting capital in construction to one generating recurring, contracted, infrastructure-style earnings across multiple states and revenue streams. On behalf of the Board, I want to thank the whole Delorean team for their hard work and dedication over another demanding year — closing out our largest ever engineering contract at Lilydale, pushing SA1 through to the final stages of construction, and resetting our NSW pipeline onto a stronger, wholly-owned footing. I would also like to thank our financing partners, offtakers and government stakeholders for their continued confidence in Delorean, and our shareholders for their support through this capital-intensive phase of our growth. Delorean enters FY2027 with its first BOO asset on the cusp of operations, a materially strengthened project pipeline, and growing policy and market tailwinds behind Australia's emerging renewable gas sector. The Board remains confident that the decisions taken over FY2025 and FY2026 — to build capability, secure investment-grade partners and expand our national footprint — position Delorean to deliver long-term, sustainable value for shareholders. Yours sincerely, Hamish Jolly Executive Chair 11 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Yarra Valley Water Lilydale Bioenergy 12 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Investment Highlights Delorean Corporation (Delorean) is Australia’s leading bioenergy infrastructure developer, builder, owner and emerging operator. Delorean is a vertically integrated business operating in two high growth investment sectors – renewable energy (particularly biomethane) andthe circular economy (inthe form of organic waste management). Delorean Corporation is in its next phase of growth, transitioning from EPC contractor into long-term infrastructure ownership through execution of its scalable high-yielding build-own-operate platform in Australia’s rapidly emerging renewable gas market. Unique high yielding investment opportunity in the bioenergy sector ✓ Delorean is the only ASX listed Build-Own-Operate (BOO) renewable biomethane developer in Australia with a strong track record of delivering successful award-winning projects across Australia/NZ ✓ Significant pipeline of bioenergy projects under development to capitalise on the growth of Australian bioenergy and biomethane market. ✓ Strategically positioned to develop its portfolio of BOO projects with significant industry partners ✓ High margin business with diversified and contracted revenue flows – predictable and stable income once assets are operational, underpinned by long-term contracts, diversified revenues and attractive project economics ✓ Unique proposition on the ASX providing direct equity exposure to shovel-ready organic waste and clean energy infrastructure projects that demonstrate significant project-level IRRs ✓ Bioenergy industry has significant ‘green’ tailwinds driven by demand for renewable energy production and waste diversion ✓ Strong ESG credentials $63M Total Gross Assets (recorded at cost net of Grants and R&D tax refunds) NSW1 $$30.5m grant funding secured and seeking 20m Bank loan facility. Construction start expected in CY2026 $500M+ Development Portfolio 5x Current Development Projects & 9x Long-Term Projects EPC Experience 4 Projects Completed Across Agricultural, Commercial, Industrial and Municipal Waste Streams SA1 100% Delorean owned Recurring revenues from FY2027 $43M Grants Awarded ($30.5M are subject to financial close) SA1 Salisbury Bioenergy Plant 13 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Delorean Results in FY2026 Delorean is strategically investing in its BOO Renewable Gas Infrastructure development FY2026 was a defining year for Delorean, with the Company successfully executing its Build-Own-Operate renewable gas infrastructure strategy and materially advancing its transition from third-party project construction to renewable gas infrastructure ownership and operation. This transformation establishes the foundation for long-term, recurring multi-revenue streams backed by investment-grade partners and offtakers. The FY2026 results reflect the capital-intensive nature of developing and constructing clean energy infrastructure ahead of commissioning and operational revenues, with continued reinvestment into capability and BOO platform development. Delorean delivered positive EBITDA of $0.98m on revenue of $9.3m and other income of $5.4m, with a net loss after tax of $0.1m (FY25: $8.9million loss). The modest EBITDA reflects the Company's current earnings stage, with FY2027 revenues expected to commence following commissioning of its first BOO project, the SA1 Salisbury bioenergy facility, now approximately 85% complete. During FY2026, Delorean strengthened its capital position, receiving $5.76m R&D Tax refund relating to eligible R&D expenditure incurred in FY2025. Delorean also completed a $2.2m (9.97%) strategic placement with LMS Energy, raised $0.75m through its Share Purchase Plan and continued active engagement with debt financiers to progress near-term funding solutions for the BOO portfolio. • Strong Asset Growth – Total assets increased to $64 million (FY2025: 46 million) • Stable Revenue – Long-term O&M contracts, including $8 million YVW contract • Future Earnings Upside – BOO projects are set to deliver recurring income from FY2027 • Strong Partnerships – Backed by investment-grade partners and offtakers Delorean is building the infrastructure platform to lead Australia’s renewable gas sector. KEY HIGHLIGHTS ($’000) FY2026 FY2025 CHANGE Receipts from Customers 5,204 25,910 Down 80% Revenue - Infrastructure - Construction/O&M - Energy Retail 9,339 226 9,113 - 19,523 726 18,798 - Down 52% COS (8,649) (22,818) Down 62% Gross Profit/(Loss) 691 (3,295) Up 121% EBITDA 985 (6,606) Up 115% Net loss after tax (115) (8,980) Down 99% Total comprehensive loss (98) (6,579) Down 99% Cash Position 5,611 10,659 Down 47% Total Assets 63,967 46,415 Up 38% R&D cash refund 5,756 - - 14 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 FY2026 at a Glance Delorean Build-Own-Operate Infrastructure Ownership Building on a proven track record of constructing four bioenergy projects across Australia and New Zealand, including three award-winning projects, Delorean achieved significant milestones across its BOO projects delivery, project financing, commercial partnerships and operational capability. These achievements further validate the Company's long-term strategy of developing, owning and operating critical renewable gas infrastructure, with five projects valued at more than $200M currently in the near- term pipeline. SA1 Project Construction $200M + Current renewable gas portfolio $30.5M NSW1 Horsley Park government grants 25-year NSW1 Brickworks lease / gas offtake SA1 Revenue ready with first gas and waste in FY27 100% Secured long-term gas and CO₂ offtake for SA1 15 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 FY2026 at a Glance (continued) Operational Excellence Delorean has solidified its market position as the leader in the rapidly growing bioenergy sector, enhancing both its operational efficiency and strategic capabilities to drive continued growth and innovation. Delorean continued to establish and strengthen relationships with Tier 1 industrial and energy companies, alongside key feedstock providers. Sustainability as a frontrunner in the $$30.5m grant funding secured and seeking 20m Bank loan facility and 80,000 + Safe Work Hours without lost time injury (LTI) Strategic Hires in Engineering and Infrastructure teams IP Developed design and process intellectual property ISO re-certification Completed audit to ensure continued compliance YVW Practical completion & start of multi-year O&M Climate and Emissions • 5th commercial-scale bioenergy project under construction, expanding Delorean’s renewable energy infrastructure footprint • Advanced Australia’s renewable gas transition, with SA1 progressing towards production of mains-grade biomethane • Ongoing ESG and Scope 1 & 2 GHG emissions reporting, ensuring transparency and accountability Circularity and Waste • Continued to build and strengthen feedstock partnerships to support long-term waste diversion and resource recovery Economic Contribution • $4.1m in wages paid, supporting families and local economies • New jobs created, growing regional employment • Regional supply chains supported, boosting local businesses and fostering long-term economic resilience • Secured long-term contracted revenue opportunities, strengthening the commercial foundations of Delorean’s BOO model Health, Safety and Wellbeing • ISO re-accreditation, upholding best-practice standards • Continued investment in employee development, building capability across engineering and renewable energy • Maintained a strong focus on safe project delivery across construction and operational activities • Strengthened operational processes, supporting efficiency and consistent project delivery 16 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Construction start expected in CY2026 17 DELOREAN CORPORATION LIMITED | ANNUAL REPORT 2026 Directors’ Report The Directors present their report together with the financial statements of Delorean Corporation Limited (“Delorean” or “the Company” or “DEL”) and its subsidiaries (“the Consolidated Entity”) for the financial year ended 30 June 2026 and the auditor’s report thereon. Our Board Delorean’s Board comprises a balance of strong and committed executive leadership through its Co-founders, Executive Chair Hamish Jolly and Managing Director Joseph Oliver, matched with Steve Gostlow’s deep experience and company growth track record in the Australian waste sector with Tox Free Solutions Ltd, Surena Ho’s deep expertise in the gas industry, Michael Phillip’s extensive finance and investing (retired at the date of this report) and Jared Thomas’s extensive finance and banking background. The Board functions well with the Non-Executive Directors providing guidance on finance, performance management and M&A strategy. Together, the Directors hold 37.71% of DEL’s issued capital and are motivated to guide the Company to meet its growth and profitability targets and realise the Company’s vision. Strong Leadership Joseph Oliver Managing Director & Co-Founder Joe has over 15 years’ experience in engineering, power generation and renewable energy across both Australasia and Europe. Prior to Delorean, Joe worked for Edina Ltd, specialising in power generation. Joe has been involved in developing the UK Anaerobic Digestion sector, delivering over 10 facilities nationwide through both Farmgen Ltd and Monsal Ltd. Steve Gostlow Non-Executive Director Steve has over 20 years’ experience in the waste management industry. He was Managing Director of Tox Free Solutions Ltd (Toxfree) for 16 years where he developed Toxfree into one of Australia’s largest waste management companies. Steve has formal governance qualifications as a Graduate of the Australian Institute of Company Directors. Jared Thomas (appointed 11 May 2026) Non-Executive Director Jared is the Head of Investments for Tanarra Capital’s special situations division. He has over 15 years’ experience in investment management, banking and accounting, having held roles at Sumitomo Mitsui Banking Corporation and Westpac, where he managed a portfolio of large and complex accounts. Jared is a member of Chartered Accountants in Australia and New Zealand. Hamish Jolly Executive Chair & Co-Founder Hamish is a seasoned executive and holds a Bachelor of Business (Business Law and Accounting) and is a Member of the Institute of Chartered Accountants in Australia and New Zealand. He is a former Director of Strategy and Ventures at Bankwest, and former CEO of Greening Australia, one of Australia’s largest environmental NGO’s. Michael Phillip (retired 11 May 2026) Non-Executive Director Michael has over 25 years of financial markets experience. He has an extensive finance and credit investing background across various industries and continents. Michael was also practicing chemical engineering in various processing industries prior to entering finance. Michael holds a Master of Business Administration from the University of California at Berkeley and Bachelor of Engineering in Chemical Engineering from the University of Sydney. He was the founding Chief Investment Officer of Tanarra Capital’s special situations division. 18 DELOREAN CORPO