Announcement PDF Sustainability Report 2025 2 LIVIUM LTD SUSTAINABILITY REPORT 2025 LIVIUM LTD SUSTAINABILITY REPORT 2025 1 Message from our Managing Director and CEO 02 About Livium 03 FY25 Highlights 04 Our Sustainability Approach 05 Governance, Ethics and Compliance 08 People and Culture 11 Strategy 13 Risk Management 24 Opportunities, Innovation, R&D and Technology Pathways 25 Consolidated Metrics and Targets Tables 29 Disclosure Reference Table 30 Contents Dismantled lithium-ion battery packs, ready for processing. 2 LIVIUM LTD SUSTAINABILITY REPORT 2025 Message from our Managing Director and CEO Sustainability is central to our strategy, and FY25 marked a defining year for Livium as we strengthened our position within Australia’s circular material recovery ecosystem. Through our recycling business, Envirostream, we strengthened our ability to recover critical materials essential for the clean energy transition and demonstrated the resilience and scalability of our operating model. During the year, Envirostream continued to lead Australia’s lithium-ion battery recycling sector, processing increasing volumes of large format lithium-ion batteries and delivering improved commercial outcomes underpinned by operational efficiencies and higher value recovery streams. Envirostream has built a reputation as a Tier 1 battery recycler, and we continue to support customers seeking ethical and safe battery recycling services. We operate in a developing industry where end-of-life batteries may be landfilled or exported. We continue to work with state and federal policymakers to strengthen governance in these areas, reduce environmental harm, and ensure adherence to the Basel Convention, a global treaty that controls the international movement of hazardous waste. Building on our FY25 performance, Livium has expanded its recycling focus beyond batteries to address the recovery of other materials. We are now progressing PV-module recycling, rare earth element recovery, and black mass processing through collaborations with leading technology partners. These steps reinforce our commitment to responsible material recovery and our ambition to support domestic supply chain resilience. We also made progress across our technology-development verticals. Livium’s subsidiary, VSPC, is developing next generation lithium ferro phosphate (LFP) cathode materials and secured a grant of up to A$30m from the Australian Renewable Energy Agency (ARENA). Lithium extraction technology, LieNA®, completed the majority of its development activities, and subsequent to FY25, a 50:50 joint venture with Mineral Resources was formed. As we mature our ASRS-aligned climate and sustainability reporting, we remain committed to transparency, responsible electrification, and the safe, compliant and efficient recovery of critical materials for Australia’s clean energy future. I would like to thank our key stakeholders for their continued support. Together, we are building a company positioned to play a meaningful role in the energy transition - delivering both commercial value and positive environmental outcomes. Simon Linge Managing Director & CEO “We are collaborating with our stakeholders to create a company that delivers both commercial value and positive environmental impact.” LIVIUM LTD SUSTAINABILITY REPORT 2025 3 About Livium Envirostream, Livium’s wholly owned subsidiary, is Australia’s market leading lithium-ion battery (LIB) recycler and the operational foundation of our circular recovery platform. Envirostream collects, dismantles and pre-processes batteries from across Australia and continues to scale its capability to meet rising demand. In addition to LIB recycling, Envirostream is expanding into closely aligned recycling adjacencies, including black-mass processing, solar panel (PV) recycling and rare earth element (REE) recovery. These expansions are supported by strategic collaborations with Iondrive, the University of Melbourne and Won Kwang S&T, enabling Livium to extend its material-recovery expertise across multiple clean energy waste streams. Livium also operates a portfolio of innovative technologies that enable greater material circularity across the clean energy value chain. Our patented lithium extraction technology, LieNA®, progressed to a 50:50 Joint Venture (JV) with Mineral Resources following successful completion of key piloting milestones. The JV wholly owns the LieNA® technology and is preparing for future commercial licensing to third parties. Livium’s subsidiary, VSPC, has developed next generation lithium ferro phosphate (LFP) cathode material technology and continues to advance funding pathways for its Demonstration Plant. Our operational footprint spans Australia, with Envirostream’s established processing facilities in Victoria forming the backbone of Livium’s national collections network. The Company is progressing the development of a centralised processing Hub designed to consolidate dismantling, pre- processing and future recycling verticals into a single, higher capacity site, while maintaining a distributed collection network across Australia’s states and territories. This hub and spoke model consistent with the approach presented in the FY24 Sustainability Report enables efficient national feedstock capture, safe and compliant transport, and streamlined downstream processing, ensuring that materials recovered across Australia can be responsibly reintroduced into the circular economy. Together, these capabilities position Livium as a leader in Australia’s transition to a circular, resource efficient clean energy system delivering commercial value today while building the material recovery infrastructure needed for tomorrow. Livium is building Australia’s platform for circular material recovery - unlocking critical materials from batteries and clean energy infrastructure to strengthen domestic supply chains and support responsible electrification. Our strategy is centred on the recovery, refinement and return of essential materials into Australian and global value chains, supported by a portfolio of operating assets, advanced technologies and long term industry partnerships. A partially dismantled lithium-ion battery pack with pouch style cells. 4 LIVIUM LTD SUSTAINABILITY REPORT 2025 FY25 Highlights A$4.2m Gross Profit a 91% increase over FY24 308.51t CO2 Scope 1 & 2 1% higher than FY24 First Nations Training delivered at Laverton and Campbellfield, with in person sessions and facilitated discussions. 823t Lithium-Ion Batteries Collected a 1% decrease over FY24 Safety Culture Developed organisation wide Cardinal Rules, a set of 10 non-negotiable life critical/lifesaving rules. 223kg LFP & LMFP Produced a 17% increase over FY24 932t Batteries Diverted from Landfill a 40% decrease on FY24 Employee Turnover 12% voluntary turnover 1,209m3 Waste Disposal a 1% decrease over FY24 42% Female Workforce a 7% increase on FY24 357t Recovered Anode & Cathode Material a 28% decrease over FY24 Health Initiative All annual health screens have been conducted across the organisation. 408MWh Electricity Consumed 5% higher on FY24 3,004kL Water Consumed a 65% decrease over FY24 1 LTI Lost Time Injury consistent with FY24 A$6.9m Revenue a 3% increase over FY24 LIVIUM LTD SUSTAINABILITY REPORT 2025 5 Our Sustainability Approach Purpose, Values, and Responsible Business At Livium, our purpose is to enable responsible electrification by building Australia’s platform for circular material recovery. Across our businesses: Envirostream, VSPC, and our LieNA® joint venture we remain committed to operating in a way that upholds our values, strengthens trust with stakeholders, and ensures that sustainability is integrated into every decision we make. Our commitment is reflected in the way we govern our operations, engage with our people and communities, and implement the actions outlined in our ESG Roadmap. OUR PURPOSE AND SPARCS VALUES Livium’s SPARCS values were developed through extensive engagement with the Board, Executive Leadership Team, and employees. These values underpin how we operate and guide our approach to sustainability, safety, and organisational culture. SAFETY We choose safety first, every time. PEOPLE We take a people centred approach. ACTIVE We act in a purposeful way that involves positive action. RESPECT We respect and trust each other and all have a voice. CREATIVE We use technology to develop innovative solutions to accelerate global electrification. SUSTAINABLE We each play a role in making the world a better place. DECISION MAKING PRINCIPLES Livium’s approach to decision making is rooted in responsible governance and supported by policies and frameworks across the Group. Our principles emphasise:  Ethical and compliant operations, including adherence to all applicable laws and regulations, with oversight by the Audit and Risk Committee (ARC).  Transparency, supported by policies for reporting bribery, corruption, and ethical concerns.  Integration of risk management, ensuring that safety, environmental stewardship, social responsibility, and governance considerations are embedded into strategic planning and operational processes.  Stakeholder informed perspectives, drawing on input from employees, customers, partners, local communities, and industry associations.  Commitment to continuous improvement, reflected in the evolution of our internal systems, training programs, policies, and performance monitoring. These principles ensure that decisions across the organisation reflect our SPARCS values and support sustainable outcomes for all stakeholders. Strengthening ESG governance including Board ESG literacy, internal reporting through quarterly ESG reports and integration of ASRS-aligned disclosures. 6 LIVIUM LTD SUSTAINABILITY REPORT 2025 Our ESG Roadmap Livium’s has developed an ESG Roadmap that sets out a phased plan to strengthen sustainability governance, data capability and operational controls across the Group. Key FY25 focus areas included: OUR SUSTAINABILITY APPROACH Enhancing safety and environmental compliance systems including emergency response and fire control upgrades. Improving data availability for GHG, waste, recovery rates and operational performance. Progressing responsible material recovery by expanding into PV recycling, REE extraction and black mass downstream processing. Processing at our Campbellfield site produces black mass, which is then shipped to customers. The Roadmap will continue to evolve across FY26 and FY27 to incorporate emerging regulatory requirements, scenario analysis processes, and medium term target setting. LIVIUM LTD SUSTAINABILITY REPORT 2025 7 Stakeholder Engagement Livium drives circular material recovery through strong stakeholder engagement. Livium’s ability to deliver responsible material recovery depends on active, transparent and collaborative engagement with the stakeholders who shape our operating environment. Across recycling operations, technology development programs and joint ventures, Livium works with OEMs, utilities, regulators, research partners, employees and local communities to keep activities safe, compliant and aligned with industry needs. These engagement activities provide visibility of performance, strengthen long term partnerships and support the transition to a more circular and resilient clean energy system. Stakeholder Purpose for Engagement Method for Engagement Employees Support and inform employees on safety, wellbeing, inclusion and workplace expectations. Induction programs; role specific training; WHS briefings; diversity and inclusion initiatives; grievance and conduct policy communication. Board of Directors Monitor and oversee operational, ESG and governance performance. Scheduled Board and committee meetings; quarterly ESG and operational reports; risk and compliance updates. OEMs and Energy‑Sector operators Coordinate and collaborate on safe end-of-life battery collection, discharge and pre-processing. Long term commercial agreements; operational working groups; regular performance and safety reviews. Regulators and Government Comply and consult to maintain licences, meet regulatory obligations, and progress approvals. Compliance reporting; formal submissions; site inspections; project specific discussions. Research and Technology Partners Collaborate and co-develop advanced material recovery and processing technologies. Technical workshops; pilot programs; joint engineering studies; R&D collaboration frameworks. Investors, Customers and Partners Inform and engage on performance, technology milestones, and future priorities. Quarterly reporting; operational and ESG updates; site tours; formal feedback channels. Local Communities Consult and inform on safety, environmental impact, and local opportunities. Community and council briefings; site visits; partner forums; feedback and enquiry channels including Fire Rescue Victoria. OUR SUSTAINABILITY APPROACH Voluntary Alignment with Reporting Standards Livium is in the process of transitioning its sustainability and climate related reporting to align with the Australian Sustainability Reporting Standards (ASRS). This year’s report serves as a transitional disclosure, reflecting our early adoption approach and our commitment to progressively enhancing the quality, completeness, and comparability of our sustainability information. As part of this transition, Livium is evolving its approach to materiality assessment to meet ASRS S1 and S2 requirements, including strengthening our processes for identifying and evaluating sustainability related risks and opportunities across our value chain. While this report incorporates elements of the new standards including climate related governance, strategy, risks and opportunities, and metrics - we acknowledge that some disclosures remain in development and will be expanded in future reporting cycles. In preparing this report, Livium has also considered the relationship between sustainability related disclosures and our broader corporate reporting suite, including the Annual Report and financial statements. The Audit & Risk Committee oversees sustainability related governance, emerging risks, and alignment between financial and non-financial reporting. As our ASRS implementation progresses, we expect these disclosures to increasingly integrate with financial reporting processes to support consistent, accurate and decision useful information across all statutory reporting obligations. 8 LIVIUM LTD SUSTAINABILITY REPORT 2025 Governance, Ethics and Compliance Corporate Governance BOARD STRUCTURE Livium’s Board comprises an Executive Director (Managing Director/CEO) and independent Non‑Executive Directors whose combined experience covers governance, finance, risk management and operational leadership. The Managing Director/CEO provides operational leadership, while the Non‑Executive Directors contribute independent judgement and oversight of strategic matters, ensuring that Board deliberations reflect a balanced, diverse, and relevant mix of skills. AUDIT & RISK COMMITTEE (ARC) The ARC oversees the effectiveness of Livium’s risk management framework, financial reporting processes and internal controls. The Committee provides additional scrutiny of accounting policies, external audit findings and key assurance activities, supporting the Board’s overall oversight of the Company’s control environment. NOMINATION & REMUNERATION COMMITTEE (RNC) The Nomination and Remuneration Committee oversees director and senior leadership appointments, succession planning and remuneration policies, while maintaining a focus on diversity, capability development and sound governance processes. Through this work, the Committee helps ensure Livium has the leadership capacity and incentives needed to deliver its strategy. DELEGATIONS & MANAGEMENT RESPONSIBILITIES The Board retains responsibility for strategy, major transactions and overall financial governance, while delegating authority to the Managing Director/CEO and senior leadership team to manage day‑to‑day operations in line with Board approved policies and the Company’s Risk Management Framework. Management is accountable for operational performance, compliance with regulatory obligations and the timely escalation of material matters to the Board and its committees. INDEPENDENCE Livium is committed to a governance structure that supports independent oversight, including the appointment of independent Non‑Executive Directors who chair and participate in both standing committees. Where temporary changes to Board composition occurred during FY25, these were disclosed in accordance with governance requirements, and committee membership was updated to restore full independence once director appointments were finalised. Sustainability and Climate Related Risk & Opportunity Governance BOARD OVERSIGHT The Board is responsible for overseeing Livium’s management of sustainability related matters. These responsibilities are exercised through standing agenda items at Board meetings and are supported by the ARC, which oversees the effectiveness of Livium’s risk management framework, internal controls, and compliance approach. The Board reviews sustainability and ESG matters on a regular basis, including quarterly sustainability reports that cover safety performance, environmental indicators, climate impacts, and progress against strategic projects. The Board receives updates on material incident investigations, environmental compliance, and emerging sustainability risks. MANAGEMENT’S ROLE Management is responsible for identifying, assessing and managing climate related and other sustainability risks, and for implementing the strategies and controls approved by the Board. Key responsibilities include:  MD/CEO – accountable for delivery of Livium’s clean energy waste recycling strategy and its integration into business planning.  CFO – responsible for incorporating sustainability risks into financial planning, budgeting and scenario considerations, and overseeing financial and non-financial reporting, including ESG disclosures. COO – responsible for safety performance, operational oversight, process controls, critical risk management, incident preparedness, environmental compliance and energy management.  Responsibility for technology scale up and management of partner led commercialisation projects is shared between the three above roles. COMPETENCE AND SKILLS Livium continues to strengthen Board and management capability in sustainability related governance. Progress to date includes ESG training sessions, use of external subject matter experts, and targeted skills development in climate transition, environmental regulation, and sustainability strategy. Livium’s ESG Roadmap includes further enhancements to Board ESG literacy, in line with medium term governance objectives. LIVIUM LTD SUSTAINABILITY REPORT 2025 9 Compliance Framework Livium’s compliance framework is built around a disciplined approach to safety, environmental management, licensing obligations and product stewardship across all operations. As the business expands into new recycling verticals and grows its national footprint, maintaining rigorous compliance systems remains central to how we protect people, communities and the environment. Our framework ensures that operational activities are carried out within the conditions of our regulatory approvals and that we meet the expectations of customers, regulators and industry partners. SAFETY Safety is foundational to Livium’s operating model and compliance approach. The Company maintains formal health and safety policies supported by site specific induction programs, documented procedures, and operational controls. Regular risk assessments, incident reporting and critical-risk reviews help ensure that hazards are identified, managed and escalated where required. The Safety & Environment Council (S&EC) provides governance oversight of health, safety and environmental performance, ensuring policies remain up to date and aligned with operational needs. GOVERNANCE, ETHICS AND COMPLIANCE ENVIRONMENT Livium’s environmental compliance obligations are managed through documented environmental policies and site level controls. Envirostream’s licensed operations in Victoria continue to operate under strict environmental requirements, supported by improvements such as stormwater management upgrades and systems designed to reduce environmental risks. Environmental aspects are incorporated into the Company’s corporate risk register and monitored through internal processes and Board oversight, with environmental compliance and incident status reported regularly. LICENSING Operational licensing remains a key element of Livium’s compliance framework. Envirostream holds the necessary licences to collect, transport and process end-of-life batteries at its Victorian facilities and operates within the conditions set by relevant regulatory agencies. Ongoing compliance is supported through internal audits, regular reporting and continuous monitoring of licence conditions, ensuring operations remain fully aligned with statutory requirements. Hon Ed Husic MPvisited MD/CEO, Simon Linge, and the VSPC team in Wacol, Queensland, to understand how lithium ferro phosphate is produced. 10 LIVIUM LTD SUSTAINABILITY REPORT 2025 GOVERNANCE, ETHICS AND COMPLIANCE PERMITS Livium’s activities require a range of operational permits, including approvals for handling regulated waste materials, managing storage areas, operating recycling equipment and complying with state based environmental frameworks. The Company maintains a commitment to meeting all conditions attached to these permits and integrates them into operational procedures to ensure regulatory obligations are met as part of everyday site practice. PRODUCT STEWARDSHIP Envirostream actively participates in B-cycle, Australia’s ACCC accredited battery product stewardship scheme. As an accredited partner, Envirostream meets stringent requirements for the collection, transport and recycling of household and commercial batteries. Participation in B-cycle strengthens Livium’s compliance position by providing traceability across battery flows, enhancing safety standards and supporting responsible recycling outcomes consistent with national product stewardship expectations. Data & Cyber Security Livium recognises the importance of maintaining robust data and cyber security practices to protect the integrity of our systems, safeguard confidential information, and ensure operational continuity across the Group. As our operations expand and our digital systems mature, we continue to strengthen the governance structures, internal controls and risk-management processes that support effective oversight of data protection and cyber resilience. CONTROLS Livium’s data and cyber security controls operate within the Company’s broader risk management and governance framework. The Board, through the ARC, oversees risks associated with information management and internal systems. Management is responsible for implementing appropriate controls consistent with Livium’s Risk Management Framework, including policies that govern access, confidentiality and responsible handling of Company information. MONITORING Monitoring of information system risks is incorporated into Livium’s annual critical risk review, which includes IT-related risks alongside operational, environmental and compliance categories. These reviews help identify emerging threats and confirm the effectiveness of existing controls. Monitoring outcomes are reported to the ARC as part of regular compliance and risk governance updates. INCIDENT MANAGEMENT Livium maintains internal processes for escalating and responding to incidents that may affect data integrity, system availability or information security. Incident management responsibilities sit with management, with material issues escalated to the ARC where required. Livium continues to mature its processes to ensure timely response, documentation and corrective actions in alignment with the Company’s risk governance expectations. All types of batteries are received at our Laverton North site including power tools. LIVIUM LTD SUSTAINABILITY REPORT 2025 11 People & Culture Workforce Livium’s workforce plays a central role in delivering our operational, technology development and sustainability objectives. As our national footprint expands, we continue to strengthen our people systems, training programs and diversity initiatives to ensure we attract, retain and develop a capable and engaged team. HEADCOUNT Livium’s workforce comprises employees across operational, technical, engineering, and corporate functions supporting Envirostream, VSPC and the LieNA® joint venture. During the reporting period, the Company maintained a multi-skilled team operating across battery collection, recycling operations, engineering development and corporate support roles. DIVERSITY Livium continues to strengthen diversity and inclusion across its workforce, consistentwith commitments outlined in the Company’s governance and people frameworks. Diversity indicators including gender representation across management and operational roles, role types and employment categories are monitored to support more inclusive recruitment and development practices. Formal policies relating to diversity, equal opportunity, anti-harassment and grievance management guide Livium’s expectations for a respectful and safe workplace environment. The Company has set measurable objectives for achieving gender diversity in the composition of its Board, senior executives and workforce generally. PEOPLE & CULTURE Level FY25 Metric FY25 Target Board 25% 25% Senior Management 33% 25% Organisation 42% 25% Envirostream employees enjoy some team building activities at the Laverton North facility, Victoria. Total Group Employees at 30 June 2025 Headcount FY24 FY25 Total Group Employees 62 50 Envirostream Employees 36 29 VSPC Employees 6 7 Corporate (Livium) Employees 18 14 12 LIVIUM LTD SUSTAINABILITY REPORT 2025 TRAINING Training remains an important component of Livium’s people development framework. Site specific induction programs support safe and compliant operations across all Envirostream facilities, while role based training is provided for equipment use, dangerous goods handling, environmental compliance and safety protocols. Corporate employees participate in skills development aligned with Livium’s operational, ESG and governance needs, including training related to safety, risk management and internal policy requirements. At Livium’s recycling operations of Laverton North and Campbellfield, the percentage of personnel who were either in training or had completed all their mandatory training was 91% and 73% respectively. PEOPLE & CULTURE Safety Culture SAFETY LEADERSHIP Livium’s approach to safety is supported by site level leadership, with managers and supervisors responsible for reinforcing safety expectations and ensuring that key messages are consistently communicated across operational teams. Leadership involvement helps maintain a shared understanding of safety requirements and supports a proactive safety culture across Livium’s sites. EMPLOYEE ENGAGEMENT Employee involvement is central to strengthening Livium’s safety culture. Regular engagement activities such as toolbox meetings, team briefings and informal safety discussions encourage open dialogue about risk awareness and continuous improvement. These interactions help embed shared responsibility for maintaining a safe workplace across the organisation. FIRST RESPONDERS Formal emergency management structures are in place, including Crisis Management, Emergency Management and Emergency Response Teams, supported by regular safety, first aid and emergency preparedness training across operational sites. ONBOARDING IMPROVEMENTS Onboarding processes were enhanced during the year to improve early understanding of safety expectations and site requirements. Updated induction materials and clearer guidance help new employees develop hazard awareness from the outset and support their integration into Livium’s safety culture. Community LOCAL ENGAGEMENT Livium maintains ongoing engagement with the local communities surrounding its operational sites, with a particular focus on transparency, safety and responsible operations. Envirostream’s Victorian facilities continue to operate within established regulatory requirements, supported by communication with local stakeholders as part of environmental and safety obligations. Community considerations are integrated into operational planning, including site access, traffic management and waste handling activities. NEIGHBOURING BUSINESS COMMUNICATION Neighbouring businesses are engaged as part of day-to-day operational coordination, including communication on site activities, deliveries, material handling and relevant operational changes. These interactions support positive relationships with nearby commercial operators and help ensure safe and efficient site operations. PUBLIC SAFETY AND EMERGENCY COORDINATION Public safety remains a core focus for Livium’s operational sites, supported by documented emergency management processes and ongoing coordination with relevant emergency services. Envirostream’s licensed facilities maintain trained first responders and site procedures designed to manage fire risks and hazardous-material handling, which are aligned with regulatory expectations. Site improvements, such as enhanced battery storage controls and facility upgrades, contribute to safer operations and better alignment with external emergency response frameworks. Training Status: LAVERTON 6% 3% 11% 80% Not Completed Expired Due to Expire In Training Completed Training Status: CAMPBELLFIELD Not Completed Expired Due to Expire In Training Completed 71% 21% 6% 2%