Notes to the Consolidated Financial Statements continued ANNUAL Report June 2025 Notes to the Consolidated Financial Statements 40 The Company’s principal financial instruments comprise cash, short term deposits and available for sale investments. (a) Price Risk The Group is not exposed to equity securities price risk. (b) Liquidity Risk The Group’s liquidity risk arises from the possibility that it may be unable to settle or meet its obligations as they fall due. It is managed by maintaining sufficient cash reserves and marketable securities and by continuously monitoring budgeted and actual cash flows. The maturity profile of the Group’s financial liabilities based on the undiscounted contractual amounts is as follows: Contracted Maturities for Payables Total 1 year or less More than 1 year but less than 2 years More than 2 years but less than 5 years More than 5 years 2025 Trade and other payables 58,486,399 58,486,399 - - - Lease liabilities 14,378,748 5,873,188 5,477,596 3,027,964 - Borrowings 47,614,395 43,607,768 4,006,627 - - Convertible notes 2,778,620 2,778,620 - - - Expected future interest payments Convertible notes 337,500 337,500 - - - Lease liabilities 1,755,037 1,060,751 533,963 160,323 - Borrowings 558,337 558,337 - - - Total 125,909,036 112,702,563 10,018,186 3,188,287 - Total 1 year or less More than 1 year but less than 2 years More than 2 years but less than 5 years More than 5 years 2024 Trade and other payables 42,647,114 42,647,114 - - - Lease liabilities 3,147,733 1,324,113 1,085,707 737,913 - Borrowings 42,025,474 42,025,474 - - - Convertible notes 549,012 - 549,012 - - Expected future interest payments Convertible notes 125,005 61,669 63,336 - - Lease liabilities 340,515 198,925 101,989 39,601 - Borrowings 992,676 992,676 - - - Total 89,827,529 87,249,971 1,800,044 777,514 - Refer Note 1 for commentary on going concern assumptions. The carrying amounts of trade receivables and trade payables are assumed to approximate their fair values due to their short-term nature. (c) Fair Value of Financial Instruments The following tables detail the consolidated entity’s fair values of financial instruments categorised by the following levels: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices). Level 3: Inputs for the asset or liability that are not based on observable market data (unobservable inputs). 106 EQ Resources Limited Annual Report 2025
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