Issuu

2025 2026

ANNUAL REPORT ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

Contents

Page Number

Our Club

Chairperson’s Report

Chief Executive Officer’s Report

RSL sub-Branch

Vietnam Veterans

Members

Our Community

ClubGRANTS

Our People

Entertaining the Peninsula

Visitor Information Centre

Fun Facts

Sustainability

Recognising our Stars

Annual Report

Directors’ Report

Auditors’ Independence Declaration

Independent Auditor Report

Directors’ Declaration

Statement of Comprehensive Income

Statement of Financial Position

Statement of Changes in Equity

Statement of Cash Flows

Notes to the Financial Statements

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Our Club

Ettalong Diggers Board of Directors and CEO | L-R Michael Maiden, Judy Gribble, Col Murphy, Chris Lance, Kent Sayer.

Our club’s journey began back in 1944, when members came together to purchase and build what came to be known affectionately as “the hut”. It quickly became the heart of the club - a humble but proud space where friendships were forged and community spirit thrived. As time passed and the club grew, so did the need for something more. In 1953, a new building was opened, offering improved facilities and more space to gather and celebrate. Fast forward to 2004, and the club once again took a bold step forward, opening a brand new club to serve a modern generation of members. The following year, in 2005, the old club building - full of memories and history - was respectfully demolished, making way for the future while honouring the past. From a modest hut in 1944 to the vibrant club we know today, our story is one of growth, community and pride.

OVER 80 YEARS SERVING OUR COMMUNITY

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

Chairperson’ s MESSAGE By: Judy Gribble Chairperson

Dear Members, It gives me great pleasure to present the 2026 Annual Report for Ettalong Diggers. It is hard to believe another 12 months have passed so quickly. The Club has again recorded an impressive net profit $3,085,384 and this outstanding result has come about by our very hard-working CEO Col Murphy, Operations Manager Mardi Belle and our incredible team. The Club is undertaking a very big upgrade and refurbishing of our gaming room. You may have noticed the start of this already. It is very exciting and will deliver a wonderful experience for our members & guests. Lead by Head Chef Matt and his amazing team, the food options available at any of our outlets are wonderful. Be it at the Cafe, Bistro or our new Italian Kitchen, creating new menus throughout the year for both summer & winter, football seasons and Christmas, gives plenty of choices for all. There is always something on at Ettalong Diggers with entertainment and promotions. Our members draw is giving several lucky members a $10,000 win and our latest promotion being Reel in a Car, giving a lucky member a brand-new car. We have raffles, trivia, music bingo, bingo, Good Morning Ettalong, and great shows, so there is something for everyone. Ettalong Diggers support for the community is also going strong. This year through ClubGrants, we have distributed over $500,000 to many local charities and service clubs. The support and enthusiasm from our Sub-Clubs; Woy Woy & Ettalong Hardys Bay RSL (along with their men and women’s auxiliaries), Vietnam Veterans, Ettalong Diggers Fishing Club, Chess, 500 Club, Euchre Club, and our free digital connect program, helping members to navigate and gain confidence using digital devices (and some of us need all the help we can get). Our football tipping competition is getting bigger every year with the Beat the Boss promotion well received. Now is the time to stop and remember all the valued members we have lost over the past year, their presence will not be forgotten. I’d like to make a special mention to Vietnam Veteran Leo Lees and long standing member Maureen Welch who will be missed. To our wonderful hard-working staff who I believe are the best in the business - your hard work does not go unnoticed. To my fellow Directors, Kent Sayer, Chris Lance and Michael Maiden, a heartfelt thanks for your commitment and all the hours you put in. To Dave Moulton, many thanks for your contribution on the Club’s citation committee. Finally to our loyal members, thank you. Your continued support, loyalty and patronage is what makes Ettalong Diggers the place to be. We look forward to another successful year together.

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CHIEF EXECUTIVE OFFICER’S

Report

By: Colin Murphy

Chief Executive Officer

Dear Members, It is my privilege to present this report and reflect on another successful year for your Club. Throughout the year, Ettalong Diggers remained focused on delivering value to our members through quality dining and hospitality, great entertainment, rewarding promotions, modern facilities and a friendly environment for our members, guests and wider community. This year saw continued membership growth, significant investment in our Club, strong financial performance, meaningful support for our community and ongoing recognition of the people who make Ettalong Diggers the Club it is today. None of this would be possible without the loyalty of our members, the leadership of our Board and the dedication of our staff. On behalf of everyone at Ettalong Diggers, thank you for your continued support. Our Commitment to the Community Ettalong Diggers continues to take great pride in supporting our community. During the year, the Club contributed more than $695,000* in cash and in-kind support, assisting 76 community organisations and initiatives across the Central Coast. This included a $30,000 donation supporting residents impacted by the Koolewong bushfires, helping local families rebuild and recover following a very difficult period for our community. We also remain committed to supporting the Veteran community through our longstanding relationship with the Woy Woy/Ettalong/ Hardys Bay RSL sub-Branch and the Vietnam Veterans, Peacekeepers & Peacemakers Association of Australia (Central Coast subBranch), both of which continue to play a vital role in supporting Veterans and their families while preserving the values of service, remembrance and mateship. Through ClubGRANTS we also continued our support of organisations such as Ocean Beach Surf Life Saving Club and Umina Surf Life Saving Club, helping volunteer lifesavers keep our beaches safe, Mary Mac’s Place also received funding, who provide essential support for individuals and families facing hardship. The ongoing success of Ettalong Diggers allows us to make meaningful contributions to our community and we remain proud of the positive impact the Club continues to make across the Peninsula and the broader Central Coast. * $501,993.80 in clubGRANTS and $194,497 in further donations

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Financial Position The Club continues to maintain a strong financial position while investing in facilities and enhancing the Club for our members. For the 2025-26 financial year, the Club recorded a profit of $3,085,384, an improvement of $1,019,009 on the previous year’s result of $2,066,375. This strong performance was supported by increased activity across all of the Club’s major trading areas including gaming, events and entertainment, together with continued membership growth and strong visitation throughout the year. Importantly, this result has been achieved while continuing to invest in the Club’s future. During the year we completed significant projects, commenced our latest renovation program and continued our long-term debt reduction strategy. By 30 June 2026, the Club had reduced bank borrowings to $1.5 million, while continuing to invest in facilities and member services. By being disciplined, we have strengthened the Club’s financial position and have been able to plan for the next stage of investment. This balanced strategy of investing in the Club ensures Ettalong Diggers remains well positioned to deliver future improvements to our Club to enhance and maintain long-term sustainability for generations to come. Investing in Your Club This year we invested in projects that improved functionality and comfort for our members. A major milestone was the completion of the Club’s new foyer lift, providing members and guests with a larger more spacious lift, featuring modern finishes and improved convenience. We have commenced the next stage of our renovation, which will deliver a new gaming and bar experience, an enhanced reception area and a new basement lobby for our members and guests plus, administration improvements to support our growing team. In addition to these larger projects, we completed a comprehensive upgrade of the Club’s audio systems throughout both the Ballroom and Pretty Beach Room, as well as upgrading our Pretty Beach Room with ducted air conditioning, sound proofing and a facelift of the bar area. Looking ahead, members can look forward to the arrival of new terrace furniture this summer, creating a refreshed outdoor space to enjoy with family and friends. Planning and design is also underway for future carpark improvements. These investments reflect our commitment to ensuring Ettalong Diggers continues to evolve while remaining a modern, welcoming and enjoyable Club for current and future members. Entertainment & Promotions Providing exceptional value and memorable experiences for members remained a key focus throughout the year. We welcomed 163 live performances, including crowd favourites such as Boney M, FABBA, The Eagles Experience and many other popular touring tribute acts. Special events including Christmas in July, Melbourne Cup Day, ANZAC luncheon and the monthly Good Morning Ettalong with Shane Edwards continued to attract strong support from members and guests. Our promotions also delivered significant value to members. Through our member badge draw over $80,000 has been returned directly to members. Our new and popular Reel in a Car promotion culminated in the giveaway of a brand-new Toyota Corolla to one lucky member. The convenience of Digital Membership has also been embraced by our members, with more than 7,000 members now enjoying the ability to access their membership card through their mobile phone. Our People The Club’s success is built on the efforts of our dedicated team. We remain committed to recognising achievement, supporting professional development and creating opportunities for our team to grow and succeed. Several employees celebrated significant service milestones during the year, including Head Chef Matt Fayers reaching 15 years of service, while seven team members celebrated 10 years and a further nine team members reached five years of service.

I would also like to congratulate Duty Manager Michelle Banks on receiving a Pride of Workmanship Award, recognising her professionalism and commitment to outstanding service, and Commis Chef Alec Marshall, who was awarded the 2026 Kokoda Scholarship. This experience reflects the Club’s commitment to supporting future generations in understanding and preserving the ANZAC spirit, while ensuring the values of service, sacrifice and mateship continue to be remembered and honoured. On behalf of the Board and our members, I sincerely thank our entire team for their hard work, professionalism and commitment throughout the year. Board of Directors Our Board of Directors continue to serve the Club with professionalism, integrity and a genuine commitment to the long-term success of Ettalong Diggers. This year marked Judy Gribble’s first full year as Chairperson, and I would like to acknowledge the way she has embraced the role, providing strong leadership and guidance during a period of significant investment and growth for the Club. I would also like to recognise Kent Sayer, who stepped into the role of Deputy Chairperson, strengthening the Board’s leadership team and supporting the Club’s ongoing strategic direction. Together with Chris Lance and Michael Maiden, our Directors continue to dedicate significant time and effort to overseeing the Club’s affairs on behalf of the members. As the Club industry continues to evolve, so too do the responsibilities of Directors, with increasing governance, regulatory and compliance obligations requiring ongoing education, training and professional development to ensure decisions remain in the best interests of the Club and its members. On behalf of the members, I sincerely thank our Directors for their commitment, leadership and willingness to serve. I would also like to acknowledge and thank their families for the support they provide, allowing our Directors to dedicate the time and energy required to fulfil these important responsibilities. Strategic Direction Looking ahead, our focus remains on enhancing your member experience, while ensuring the long-term sustainability of the Club. Planning is underway for the next stage of the Club’s long-term development, with particular focus on the future evolution of our Bistro, Kitchen, Terrace and Events spaces. These areas are central to the Club and form an important part of our vision for the future of Ettalong Diggers. These investments will continue to be balanced with responsible financial management, debt reduction and long-term sustainability. By carefully planning for the future while maintaining a strong financial position, we are ensuring Ettalong Diggers remains a vibrant and relevant Club that members can be proud of for many years to come. Closing Remarks As we approach the festive season, it is a time to connect with loved ones and reflect on the year past. On behalf of the Board, Management and the entire Ettalong Diggers team, I extend to you and your families our warmest wishes for a Merry Christmas and a safe and happy New Year. Thank you for your continued support and for being part of the Ettalong Diggers community. We look forward to sharing another successful year with you.

ETTALONG DIGGERS & THE WOY WOY, ETTALONG, HARDYS BAY RSL SUB-BRANCH A Legacy of Service Since 1926 The Woy Woy, Ettalong, Hardys Bay RSL sub-Branch has proudly served veterans, their families, and the Peninsula community since 1926. From its early beginnings at the Woy Woy Masonic Hall to its permanent home inside Ettalong Diggers, the sub-Branch has provided nearly 100 years of welfare support, advocacy and commemorative services for those who have served our nation. Services and Support The sub-Branch continues to uphold the RSL’s mission of providing care and assistance to veterans and their families by offering: • Welfare support and referrals for health, housing, and wellbeing • Assistance with DVA claims and advocacy for entitlements • Family support and community connection programs • Coordination of commemorative services, including ANZAC Day, Remembrance Day and stewardship of local cenotaphs and the Poppy Wall Partnership with Ettalong Diggers The sub-Branch office is proudly located in Ettalong Diggers, open Tuesdays and Thursdays, 9am–12pm. Ettalong Diggers supports the sub-Branch within our club, reinforcing our shared commitment to veterans and the wider community. Together, we ensure that the stories of service and sacrifice are remembered, while also providing practical assistance to those in need today. Message of Thanks from the RSL sub-Branch President On behalf of the Woy Woy, Ettalong, Hardys Bay RSL sub-Branch, I would like to extend our sincere gratitude to Ettalong Diggers and its members for your ongoing support and commitment to the veteran community. Your generosity through funding, facilities and partnership ensures that our sub-Branch can continue its vital work in providing welfare, camaraderie and remembrance for veterans and their families across the Peninsula. Each initiative and every act of kindness strengthens the bond between our sub-Branch and Ettalong Diggers, reminding us that we are part of a community that truly honours the service and sacrifice of those who have worn our nation’s uniform. To the members of Ettalong Diggers, please know that your club’s contributions make a real difference in the lives of local veterans, both young and old. We are proud to stand alongside you in service to our community and grateful for the respect and recognition you continue to show. With heartfelt thanks,

Dode Simpson President

Woy Woy, Ettalong, Hardys Bay RSL sub-Branch secretary@wwehbrsl.com

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VIETNAM VETERANS

Peacekeepers’ & Peacemakers’ Association of Australia – Central Coast sub-Branch in Ettalong Beach

Our History The Central Coast Vietnam Veterans, Peacekeepers & Peacemakers Association of Australia (Central Coast sub-Branch) was established in 1991. From its earliest days, the Association has provided vital support to local Vietnam Veterans and their families, fostering camaraderie, welfare services and advocacy for those who served. A Home at Ettalong Diggers For more than three decades, Ettalong Diggers has partnered with the Association, providing a home base for meetings, commemorative events and community connection. The Club’s foyer proudly houses memorial displays that pay tribute to the service and sacrifice of local veterans, ensuring their legacy remains visible to our members and guests. Ongoing Support Through this partnership, Ettalong Diggers works closely with the Association to: • Host key commemorations including Vietnam Veterans Day, ANZAC Day and Remembrance Day. • Provide space for meetings, welfare support and outreach activities. • Support veteran wellbeing initiatives and help connect families with services. Why It Matters The Central Coast is home to one of the largest veteran populations in Australia. The presence of the Vietnam Veterans Association at Ettalong ensures local veterans and their families are supported, recognised and connected. This collaboration honours those who served and helps preserve the proud tradition of service within our community. Looking Ahead Ettalong Diggers remains committed to working alongside the Central Coast Vietnam Veterans Association, ensuring their legacy is honoured and that the next generation understands the importance of their service.

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MEMBERS

27,921 MEMBERS

$80,000 WON IN M E M B E R S CAS H

PEOPLE C OMM U N IT Y GOOD TIMES 10

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Our Community KNOW HOW TO GIVE… K 218 KGS OF ES S ENT IA L I T EM S

Across three Escabags donation appeals, Ettalong Diggers members, guests and staff have generously contributed an outstanding 218kg of essential items. These donations directly support the creation of Escape Bags for individuals and families fleeing domestic and family violence, providing practical essentials, dignity and comfort at a time of crisis.

120+

TOYS DON AT E D

DEFI B RI LLAT O R S IN STALLED

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The Ettalong Diggers Giving Circle Christmas Tree Appeal once again demonstrated the incredible generosity of our local community. More than 120 high-quality gifts were donated for the Ronald McDonald Family Room at Gosford Hospital, helping bring joy to sick and injured children spending the Christmas period in hospital. The response from the Ronald McDonald House Charities team was overwhelming, with the quantity and quality of gifts making a meaningful difference to children and families experiencing a difficult time.

In a joint venture with Community Bank Ettalong Beach (Bendigo Bank) and Ettalong Diggers, seven 24-hour accessible defibrillators were installed across the Peninsula, helping ensure life saving equipment is available when it is needed most.

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COMMUNITY GRANTS and IN KIND SUPPORT $501,993.80 CAS H AND IN-KIND F U ND ING

LOCAL ORGANISATIONS SUPPORTE D

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Our People WHERE OUR COMMUNITY THRIVES AND OUR PEOPLE LOVE TO WORK

YE AR S

James 10

YE AR S

144

LOCA L EM PLOY E E S

INTERNAL P R O M OT I O N S

YE AR S

Kerry

Steve 10

YEARS

Karen

REWARDS AND RECOGNITION We proudly recognise team members who have demonstrated our values through their commitment, teamwork, leadership and dedication to delivering exceptional experiences for our members, guests and colleagues.

These values are: Accountability, Effective Leadership, Positive and Passionate Culture, Honesty and Integrity, Listening and Collaboration and Quality in Everything You Do. 99 individual recognitions were awarded across the organisation this past year, highlighting the outstanding contributions of our people and the positive impact they have on our workplace culture.

I N D I VI D UA L R E CO G N I T I O N S

TEAM MILESTONES Congratulations to our team on their milestones with our club, serving our members and guests. This year we celebrated 5, 10 and 15 years service.

YE A RS

Matt

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Y E AR S

Col

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YEARS

Anne

YEARS

Cory

YEARS

Jared 13

Entertaining THE PENINSULA OVER 163 LIVE PERFORMANCES

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PASSIONATE VOLUNTEERS

VISITOR INFORMATION CENTRE The Ettalong Diggers Visitor Information Centre (VIC) is a fully accredited Visitor Information Centre, managed by The Tourism Group on behalf of Destination NSW. This accreditation means visitors receive trusted, professional advice and high-quality service every time. Last 12 month average - 993 visitors per month The Ettalong Diggers Visitor Information Centre welcomed an average of 993 visitors per month during the 2025–26 financial year, providing tourism information, local recommendations and travel resources to visitors and residents. 28% growth in Lunch Cruise bookings The Ettalong Lunch Cruise recorded 28% growth in group bookings during 2025– 26, connecting visitors with a ferry journey, dining at Ettalong Diggers and an opportunity to explore our seaside town. 11,914 Visitors welcomed during 2025–26 The Visitor Information Centre welcomed more than 11,000 visitors during the financial year, averaging approximately 993 visitors per month. 11 Volunteers Supporting our Visitor Information Centre Our dedicated team of 11 volunteers provides a welcoming and knowledgeable service to visitors and locals, sharing information about Ettalong Beach, the Peninsula and the wider Central Coast. Contact Us Ettalong Diggers Visitor Information Centre Located in the foyer of Ettalong Diggers (02) 4343 0140 Tourism@ettalongdiggers.com Tourism & bookings: www.ettalongdiggers.com/tourism https://www.facebook.com/ettalongdiggerstourisminfo https://www.instagram.com/ettalongdiggersvisitorinfo

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Fun Facts

OVER 2025-2026 WE SERVED

19,575

27,481

14,997

268,194

24,701

8,065

SCHNITZELS

SCHOONERS

5,413

PINTS

CAKES & SLICES

SERVES OF NUGGETS AND CHIPS 16

STEAKS

COCKTAILS

91,963 GLASSES OF WINE

SUSTAINABILITY In the financial year 2025-2026 we have reduced our monthly average tonnes of CO2 emissions from 1,615 to 1,506, equating to a reduction of 109 or 7%.

CO2 EMISSIONS

YEAR ON YEAR ENERGY CONSUMPTION

YEAR ON YEAR

We are currently implementing sustainability initiatives into our venue 1. Our Pulp Master machine turns kitchen food waste into recyclable pulp, which is used for organic fertilizer and green energy instead of ending up in landfills. 2. A glass crusher converts bottles into smaller pieces for easier storage and recycling. 3. We use an environmental biotech grease system where bacteria break down kitchen oil and grease. These efforts also result in cost savings by reducing transport waste. 4. We are a battery recycling hub, partnering with Ecobatt Recycling.

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RECOGNISING

Our Stars

We once again held our Annual Staff Awards Night, a significant milestone in celebrating the efforts, dedication and achievements of our incredible team. The event brought together staff from across the club for a night of recognition, connection and gratitude, with awards presented for the impact our team members have on the club and its people as well as those who have aligned with company values in their everyday work. Our Peer of the Year was Shelley who has shown excellence in service and teamwork.

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ANNUAL REPORT

For The Financial Year ENDED 30 JUNE 2026 Ettalong Beach War Memorial Club Limited ABN 99 001 011 392

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DIRECTORS’ REPORT Your directors submit the financial accounts of the Company for the year ended 30 June 2026. Names and Details of Directors The names and details of directors in office at the date of this report and their details are: GRIBBLE, Judy (Chairperson): Has 30 years’ experience in the hospitality industry holding many positions, including Assistant Secretary Manager of Clubs. In 2006, Judy was appointed as a Justice of the Peace to aid and assist members of the public. Has attained a Certificate IV in Workplace Assessment and Training. Currently retired from full-time work since 2009, Judy was elected and has been a Director of Ettalong Beach War Memorial Club Limited since October 2015 and Chairperson since October 2025. SAYER, Kent (Deputy Chairperson): Has been employed in the service delivery industry for over 20 years, starting within the call centre and working his way into his current management role as Regional Field Manager. Kent has been a member of the Ettalong Diggers since 2011 and was elected as a Director of Ettalong Beach War Memorial Club Limited in October 2020. MAIDEN, Michael: Michael worked for Westpac Banking Corp across a range of management roles for 18 years. Michael gained extensive club and hospitality experience during his 9 years working at Dee Why RSL, including more than 6 years as Gaming Operations Manager. Presently, Michael has worked as a youth worker on the Central Coast for the last 8 years, most of which has been in the Education and Employment Mentor role for local youth at risk of homelessness. Michael has been a Director of Ettalong Beach War Memorial Club Limited since May 2022. LANCE, Chris: Grew up in the hospitality industry, working in family hotels and bottle shops for over 15 years. Chris worked in various other industries and sectors and gained work experience, including ten (10) years at Westpac, plus payroll and bookkeeping for several different small businesses. This included working in a Licensed Club for over twenty (20) years in all areas of Club Operations and Management until the position as Office Manager was made redundant in 2020. Chris has been a member at Ettalong Beach War Memorial Club Limited for over ten years and has been a Director since November 2021. Directors have been in office since the start of the financial year unless otherwise stated. The following directors ceased to be a director during the year: WOOD, John: Worked for 26 years as a Development Supervisor for Gosford City Council, during which time he served on the Board of Directors of Gosford City Credit Union for 13 years. Has been a member of Ettalong Beach War Memorial Club for 59 years and was awarded Life Membership in 2018. John is a member of Woy Woy Ettalong and Hardy’s Bay RSL and was appointed a Director of Ettalong Beach War Memorial Club Limited from 6 June 2011 until his resignation in December 2012. John was re-appointed as a Director of the Club in October 2013 and Chairman from 2013 until he retired from the board in October 2025.

Company Secretary The following person held the position of company secretary at the end of the financial year: MURPHY, Colin: Appointed company secretary on 10th December 2021, Colin Murphy holds a Bachelor of Business in Hospitality Management from Southern Cross University and has completed Strategic Club & Gaming Management studies at UNLV. He has 25 years of experience in registered clubs, including 16 years in leadership roles, and has served as Voluntary Treasurer for the ClubsNSW Central Coast Region for 9 years.

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Attendance Chart For Board of Directors Meetings Name of Director

Board Meetings Attended / Possible Meetings

Special Board Meetings Attended / Possible Meetings

Judy Gribble (Chair)

11 / 12

6/6

Kent Sayer (Deputy)

12 / 12

6/6

Chris Lance

12 / 12

5/6

Michael Maiden

11 / 12

6/6

John Wood

0/4

0/2

Principal Activities The company’s principal activities in the course of the financial year were, that of a Licensed Club. No significant change in the nature of these activities occurred during the year. Short-term and Long-term Objectives The company’s Short term objectives: – Return to Membership Growth – Consolidation of Working Capital – Re-enforcement of Club Brands – Implementation of Customer Loyalty Rewards Program The company’s Long term objectives: – Refurbishment of Club facilities to maximize Members and Community Benefits – Maximise profitability to reduce long-term debt through strict adherence to KPI’s, EBIT & EBITDA. Strategies To achieve these through diversification the company has adopted the following strategies: – Increase membership and grow the company’s profitability – Provide high standard facilities to members and guests Key Performance Measures The company measures its own performance through the use of both quantitative and qualitative benchmarks. The benchmarks are used by the directors to assess the financial sustainability of the company and whether the company’s short-term and long-term objectives are being achieved. Measures used by the company for its performance: – Standard Club industry Key Performance Indicators including Gross Profit percentages, Wages percentages, EBIT and EBITDA etc. Operating Results The profit for the company, from operating activities, for the financial year after income tax amounted to $3,085,384 (2025: $2,066,375). Dividends Under the Company’s Constitution no dividend can be paid.

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Review Of Operations The Club has achieved another solid financial result for 30 June 2026, with a surplus before tax of $3.09 million, compared to $2.06 million in 2025. This has been achieved by the Club continuing to focus on its core activities of hospitality and gaming for its members and guests. The Directors and management continue to focus on the trading activities by reviewing the key performance indicators of the Club, with monitoring and review of the Club trading activities, making adjustments as required to ensure the Club remains profitable. The Club expects trading conditions to remain broadly consistent with the current operating environment, with no significant changes anticipated. The Club continues to manage its operating budgets and cash flows, which are reviewed and amended monthly. While management notes that there will be inconsistencies in trade, these fluctuations are managed by making changes in operations as required to ensure the Club remains profitable. Below is a summary of the Club’s performance compared to the comparative financial year for the three core services provided to our members during the current financial year end. Bar Trading Bar sales for the year totalled $4,184,458. This is an increase from 2025 of $626,896 (17.62%). The trading gross profit of $2,559,712 showed an increase of $416,878. The Bar net profit of $1,161,162 increased by $256,105. Poker Machine Trading Net takings for the year totalled $18,476,828. This is an increase from 2025 of $1,825,167 (10.96%). The trading profit of $10,240,061 reflects an increase of net profit of $1,256,396 (13.99%). Catering Trading Total sales for the period were $4,644,612. This is an increase from 2025 of $197,495 (4.44%). The trading gross profit was $3,211,198 which was an increase of $178,935. Catering generated a net profit of $190,625 which amounted to a decrease of $16,439 (7.94%). Auditors Independence Declaration The auditor’s independence declaration for the year ended 30 June 2026 has been received and can be found on page 6 of the financial report. Membership As at the end of the financial year the club had 27,921 (2025: 27,910) members. The company is incorporated under the Corporations Act 2001 and is a company limited by guarantee. If the company is wound up, the constitution states that each member is required to contribute a maximum of $5 each towards meeting any outstanding obligations of the company. As at 30 June 2026, the total amount that members of the company are liable to contribute if the company is wound up is $139,550 (2025: $139,500). Signed in accordance with a resolution of the Board of Directors.

K Sayer

Deputy Chairperson Dated at Ettalong on 27th August 2026

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AUDITORS INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 TO THE DIRECTORS OF ETTALONG BEACH WAR MEMORIAL CLUB LIMITED As auditor for the audit of Ettalong Beach War Memorial Club Limited for the year ended 30 June 2026, I declare that, to the best of my knowledge and belief, there have been no contraventions of: (i)

the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and

(ii)

any applicable code of professional conduct in relation to the audit.

ALTUS FINANCIAL ASSURANCE

Adrian Thompson Partner

167B The Entrance Road ERINA NSW 2250 Dated: 27th August 2026

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INDEPENDENT AUDIT REPORT TO THE MEMBERS OF ETTALONG BEACH WAR MEMORIAL CLUB LIMITED Report on the Financial Report Opinion We have audited the financial report of Ettalong Beach War Memorial Club Limited (the company), which comprises the statement of financial position as at 30 June 2026, the statement of profit and loss, Statement of comprehensive income, statement of changes equity and statement of cash flows for the year then ended, notes comprising a summary of material accounting policies and other explanatory information, and the directors’ declaration. In our opinion, the accompanying financial report of Ettalong Beach War Memorial Club Limited is in accordance with the Corporations Act 2001, including: (i)

giving a true and fair view of the company’s financial position as at 30 June, 2026 and of its financial performance for the year then ended; and

(ii)

complying with Australian Accounting Standards – Simplified Disclosure Requirements and the Corporations Regulations 2001.

Basis of Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110: Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of Ettalong Beach War Memorial Club Limited, would be in the same terms if given to the directors as at the time of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other Information Those charged with governance are responsible for the other information. The other information comprises the information included in the Company’s annual report for the year ended 30 June 2026 but does not include the financial report and our auditor’s report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this report.

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

Responsibilities of the Directors for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian accounting Standards - Reduced Disclosure Requirements and the Corporations Act 2001 and for such internal control as the directors determine as necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial report the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: – Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. – Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. – Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. – Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation. – Obtain sufficient audit evidence regarding the financial information of the company or business activities with the company to express an opinion on the financial report. We are responsible solely for our audit opinion. We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including significant deficiencies in internal control that we identify during our audit. ALTUS FINANCIAL ASSURANCE

Adrian Thompson Partner

167B The Entrance Road ERINA NSW 2250 Dated: 27th August 2026

Liability limited to a scheme approved under Professional Standards Legislation ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

DIRECTORS’ DECLARATION In accordance with a resolution of the directors of Ettalong Beach War Memorial Club Limited, the directors declare that: 1.

The financial statements and notes set out on pages 27-46 are in accordance with the Corporations Act 2001 and: (a)

comply with Australian Accounting Standards - Reduced Disclosure Requirements; and

(b)

give a true and fair view of the financial position as at 30 June 2026, and performance for the year ended on that date of the company; In the Directors’ opinion there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of the Board of Directors.

K Sayer

Deputy Chairperson Dated at Ettalong on 27th August 2026

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2026 NOTE

2026 $

2025 $

Revenues

27,994,266

25,353,557

Other Revenues

975,226

1,274,107

Costs of Goods Sold

(3,058,160)

(2,829,582)

Employee wages and benefits expense

(8,103,168)

(7,454,802)

(2,083,357)

(2,279,838)

Interest Expense

(72,574)

(158,958)

Power & Gas

(500,138)

(400,105)

Repairs & Maintenance

(853,916)

(1,111,518)

Other expenses

(11,217,767)

(10,329,964))

Current Year Surplus

3,080,412

2,062,897

4,972

3,478

3,085,384

2,066,375

3,085,384

2,066,375

Classification of Expenses by Nature

Depreciation and amortisation expense

Income tax benefit

Net current year Surplus Other comprehensive income Total comprehensive income for the year

The accompanying notes form part of these financial statements. ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2026 NOTE

2026 $

2025 $

6 7 8 9

3,803,293 448,003 128,429 303,369

2,457,290 449,393 116,525 188,648

4,683,094

3,211,856

22,238,798 752 92,849

21,649,569 752 87,878

Total Non-Current Assets

22,332,399

21,738,199

Total Assets

27,015,493

24,950,055

1,756,785 1,258,815 1,500,000

1,777,993 1,007,141 1,500,000

4,515,600

4,285,134

154,086 -

279,498 1,125,000

154,086

1,404,498

Total Liabilities

4,669,686

5,689,632

Net Assets/(Liabilities)

22,345,807

19,260,423

Retained Surplus Reserves

20,145,807 2,200,000

17,060,423 2,200,000

Total Equity

22,345,807

19,260,423

Current Assets Cash & Cash Equivalents Trade and Other Debtors Inventories Other Current Assets Total Current Assets Non-Current Assets Property, Plant & Equipment Investments Deferred Tax Asset

10 11

Liabilities Current Liabilities Trade and other payables Provisions Borrowings

12 13 14

Total Current Liabilities Non-Current Liabilities Provisions Borrowings

13 14

Total Non - Current Liabilities

Equity

The accompanying notes form part of these financial statements. 28

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STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2026 Retained Earnings $

Asset Revaluation Reserve $

Balance at 30 June 2024

14,994,048

2,200,000

17,194,048

Surplus for the year attributable to members of the company

2,066,375

Balance at 30 June 2025

17,060,423

2,200,000

19,260,423

Surplus for the year attributable to members of the company

3,085,384

20,145,807

2,200,000

22,345,807

Total $

Comprehensive Income

Other Comprehensive income

Other Comprehensive income Balance at 30 June 2026

The accompanying notes form part of these financial statements. ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2026 NOTE

2026 $

2025 $

33,364,835 (28,577,855) (72,574) 90,845

30,628,747 (26,040,202) (158,958) 63,313

4,805,251

4,492,900

Cash Flows from Operating Activities Receipts from patrons, visitors and others Payments to suppliers, employees and payouts Finance costs and interest paid Interest received Net cash generated from operating activities

21b

Cash Flow from Investing Activities Proceeds from sale of property, plant and equipment Payments for property, plant and equipment

9,000

119,683

(2,343,248)

(1,900,109)

Net cash used in investing activities

(2,343,248)

(1,780,426)

Repayments of borrowings Proceeds from borrowings

(1,125,000) -

(1,900,000) -

Net cash used in investing activities

(1,125,000)

(1,900,000)

Net increase/(decrease) in cash held

1,346,003

812,474

Cash and cash equivalents as at the beginning of the financial year

2,457,290

1,644,816

3,803,293

2,457,290

Cash Flow from Financing Activities

Cash and cash equivalents as at the end of the financial year

21a

The accompanying notes form part of these financial statements. 30

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 Note 1. Summary Of Significant Accounting Policies Basis of Preparation Ettalong Beach War Memorial Club Limited applies Australian Accounting Standards – Simplified Disclosures as set out in AASB 1060: General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities. The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards – Simplified Disclosure Requirements of the Australian Accounting Standards Board (AASB) and the Corporations Act 2001. The company is a for-profit entity for financial reporting purposes under Australian Accounting Standards. (i)

Compliance with Australia Accounting Standards – Simplified Disclosures

The financial statements of the Company comply with Australian Accounting Standards– Simplified Disclosures as issued by the Australian Accounting Standards Board (AASB). Where necessary, comparative figures have been adjusted to conform with changes in presentation in the current financial year. The revised presentation does not result in a change in net profit of the Company. (ii)

New and Amended Accounting Standards and Interpretations

The company has adopted all new or amended Accounting Standards and Interpretations issued by the Australia Accounting Standards Board (‘AASB’) that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless stated otherwise. The financials statements, except for the cash flow information have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar. The financial statements were authorised for issue on 27 August 2026 by the directors of the company. Accounting Policies (a) Revenue Revenue from the sale of goods is recognised upon the delivery of goods to members and guests. Revenue from rendering a service is recognised upon the delivery of the service to members and guests. Where the entity receives memberships, sponsorships or grants, it assesses whether the contract is enforceable and has sufficiently specific performance obligations in accordance with AASB15. Where both these condition are satisfied the Company; •

Identifies each performance obligation relating to the membership, sponsorship or grant;

•

Recognises a contract liability for its obligations under the contract or grant;

•

Recognises revenue as it satisfies its performance obligations.

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

When the contract is not enforceable or does not have sufficiently specific performance obligations, the Company; •

Recognise the asset received in accordance with the recognition requirements of other applicable accounting standards (AASB9, AASB16 and AASB138);

•

Recognises related amounts (being contributions by owners, lease liability, financial instruments, provisions, revenue or contract liabilities);

•

Recognises income immediately in profit or loss as the difference between the initial carrying amount of the asset and the related amount.

Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to financial assets. All revenue is stated net of the amount of goods and services tax (GST). (b) Income tax The charge for current income tax expense is based on the profit for the year adjusted for any non-assessable or disallowed items. It is calculated using the tax rates that have been enacted or are substantially enacted by the end of the reporting period. Deferred tax is accounted for using the statement of financial position liability method in respect of temporary differenced arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. No deferred income tax will be recognised from the initial recognition of an asset or liability, excluding a business combination; where there is no effect on accounting or taxable profit or loss. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or liability is settled. Deferred tax is credited in the statement of comprehensive income except where it relates to items that may be credited directly to equity, in which case the deferred tax is adjusted directly against equity. Deferred income tax assets are recognised to the extent that it is probable that future tax profits will be available against which deductible temporary differenced can be utilised. The amount of benefits brought to account or which may be realised in the future is based on the assumption that no adverse change will occur in income taxation legislation and the anticipation that the consolidated group will derive sufficient future assessable income to enable the benefit to be realised and comply with the conditions of deductibility imposed by the law. (c) Inventories Inventories are measured at cost and current replacement cost. Inventories acquired at no cost or for nominal consideration are valued at the current replacement cost as at the date of acquisition. (d) Property Plant and Equipment Each class of property, plant and equipment is carried at cost or fair values as indicated, where applicable, accumulated depreciation and impairment losses. Property Buildings are shown at their fair value (being the amount for which an asset could be exchanged between knowledgeable willing parties in an arm’s lengths transaction), based on the cost of the asset, less subsequent depreciation/amortisation for buildings. Additions to the Clubhouse and surrounds have been capitalised by the Club and an amount of depreciation is charged annually. A valuation of the company’s land and building was carried out Robertson & Robertson (Certified Practising Valuer) and reported to the Directors on the 31 May 2024. Per that valuation, the land is currently valued at $3,300,000. For the buildings at valuation, at the direction of the Directors these remain at the previous valuation balance which was re-valued in the 2019 financial report based on the Robertson & Robertson valuation dated 10 July 2018. Increases in the carrying amount arising on revaluation of land and buildings are recognised in other comprehensive income and accumulated in the revaluation reserve in equity. Revaluation decreases that offset previous increases of the same class of assets shall be recognised in other comprehensive income under the heading of revaluation surplus. All other decreases are recognised in profit and loss.

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As the revalued buildings are depreciated the difference between depreciation recognised in the Statement of Comprehensive Income, which is based on the revalued carrying amount of the asset, and the depreciation based on the asset’s original cost is transferred from the revaluation surplus to retained earnings. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Leasehold Land and Buildings that have been contributed at no cost or for nominal cost are valued at the fair value and recognised of the asset at the date it is acquired. Plant and Equipment Plant and equipment are measured on the cost basis and therefore carried at cost less accumulated depreciation and any accumulated impairment. In the event the carrying amount of plant and equipment is greater than the estimated recoverable amount, the carrying amount is written down immediately to the estimated recoverable amount. A formal assessment of recoverable amount is made when impairment indicators are present (refer to Note 1 (l) for details of impairment). Plant and equipment that have been contributed at no cost or for nominal cost are valued and recognised at the fair value of the asset at the date it is acquired. Depreciation The depreciable amount of all fixed assets, is depreciated on a straight line basis over the useful life to the Company commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease, or the estimated useful life of the improvements. The depreciation rates used for each class of depreciable assets are:

Class of Fixed Asset

Depreciation Rate

Buildings

2.5%

Plant and equipment

5-20%

Poker machines

20%

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the statement of comprehensive income. When revalued assets are sold, amounts included in the revaluation reserve relating to that asset are transferred to retained earnings. (e) Impairment of Assets At the end of each reporting period, the entity assesses whether there is any indication that an asset may be impaired. If such an indication exists, an impairment test is carried out on the asset by comparing the recoverable amount of the asset, being the higher of the assets fair value less costs to sell and value in use, to the assets carrying amount. An excess of the assets carrying amount over its recoverable amount is recognised immediately in profit or loss, unless the asset is carried at a revalued amount in accordance with another standard (e.g. in accordance with the revaluation model in AASB 116). Any impairment loss of a revalued asset is treated as a revaluation decrease in accordance with that other standard. Where it is not possible to estimate the recoverable amount of an individual asset, the entity estimates the recoverable amount of the cash-generating unit to which the asset belongs. When an impairment loss on a revaluated asset is identified this is debited against the revaluation surplus in respect of the same class of asset to the extent that the impairment loss does not exceed the amount in the revaluation surplus for that same class of asset. ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

(f) Employee Benefits Short-term employee benefits Liabilities for wages and salaries, including non-monetary benefits, annual leave and long service leave expected to be settled wholly within the 12 months of the reporting date are measured at the amounts expected to be paid when the liabilities are settled. Nonaccumulating sick leave is expensed to profit or loss when incurred. Other long-term employee benefits The liability for long service leave not expected to be settled within 12 months of the reporting date is recognised in non-current liabilities, provided there is an unconditional right to defer settlement of the liability. The liability is measured as the present value of the expected future payments to be made in respect of services provided by employee up to the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the reporting date on national government bodies with terms to maturity and currency that match, as closely as possible, the estimated future cash outflows. (g) Members’ subscriptions received in advance Amounts received from members in respect of subscriptions for 2025/2026 are shown in Note 12 to the Financial Statements as Other Liabilities – Members Subscriptions Received in Advance and are included in Trade and other payables. (h) Cash & Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position. (i) Trade and Other Debtors Trade and other debtors include amounts due from members as well as amount receivable from customers for goods sold in the ordinary course of business. Trade and other debtors expected to be collected within 12 months of the end of the reporting period are classified as current assets. All other Trade and other debtors are classified and non-current assets. (j) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST included is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the Statement of Financial Position are shown inclusive of GST are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from or payable to the Australian Taxation Office is included with other receivables or payables in the statement of financial position. (k) Investments Investments are measured on the cost basis. The carrying amount of investments is reviewed annually by directors to ensure it is not in excess of the recoverable amount of these investments. The recoverable amount is assessed from the quoted market value for listed investments or the underlying net assets for other non-listed investments. The expected net cash flows from investments have not been discounted to their present value in determining the recoverable amounts. (l) Customer Loyalty Programs The company operated a loyalty program where customers accumulate points for dollars spent. The award points are recognised separately identifiable component of the initial sale transaction, by allocating the fair value of the consideration received between the award points and the other components of the sale that the award points are recognised at their fair value. The amount of the revenue is based on the number of points redeemed relative to the total number expected to be redeemed.

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(m) Financial Instruments Recognition Financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions to the instrument. For financial assets, this is equivalent to the date that the company commits itself to either purchase or sell the asset (i.e. trade date accounting is adopted). Financial instruments are initially measured at cost which includes transaction costs when the related contractual rights or obligations exist. Subsequent to initial recognition these instruments are measured as set out below. Financial assets Financial assets that are within the scope of the accounting standards are required to be subsequent measured at amortised or fair value on the basis of the company’s business model for managing financial assets and the contractual cash flow characteristics of the financial assets. The company holds investment classified as financial asset at fair value through other comprehensive income. In adopting AASB9 Financial Instruments, the company has made an irrevocable election on initial recognition to present gains and losses on investments in equity instruments that are not held for trading in other comprehensive income. No further impairment of the financial assets at fair value through other comprehensive income will be recognised. Financial liabilities Non-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal payments and amortisation. Where there is an unconditional right to defer settlement of the liability for at least 12 months after the reporting date, the loans and borrowings are classified as non-current. (o) Trade and Other Payables Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period which remain unpaid. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability. (p) Comparative Figures Where required by Accounting Standards comparative figures have been adjusted to conform with the changes in presentation for the current financial year. When an entity applies an accounting policy retrospectively, makes a retrospective restatement or reclassifies items in its financial statements, a statement of financial position as at the beginning of the earliest comparative period must be disclosed. (q) New and amended Accounting Standards and Interpretations Adopted The company has adopted all new or amended Accounting Standards and Interpretations issued by the Australia Accounting Standards Board (‘AASB’) that are mandatory including AASB 1060: General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. While the company has adopted AASB1060 which did not have a material impact on the Company for the year, the Directors note there were no other Accounting Standards and or Interpretations which will have or have had a material impact on the Company for the year. Note 2. Critical Accounting Judgements, Estimates and Assumptions The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management basis its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will seldom equal the related actual results. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

Estimation of useful lives of assets The company determines estimated useful lives and related depreciation charges for its property, plant and equipment. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation charge will increase where the useful lives are less than previously estimated lives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or sold. Employee Benefits Provision As discussed in Note 1, the liability for employee benefits expected to be settled more than 12 months from the reporting date are recognised and measured at the present value of the estimated future cash flows to be made in respect of all employees at the reporting date. In determining the present value of the liability estimates of attrition rates and pay increases through promotion and inflation have been taken into account.

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

2025 $

Net Clearances - Poker Machines

18,458,971

16,648,808

Sale of Goods - Bar Sales

4,184,458

3,557,562

Sale of Goods – Function Sales

706,225

700,070

Sale of Goods – Catering Sales

4,644,612

4,447,117

27,994,266

25,353,557

Interest Received

90,845

63,313

Members & Subscriptions

63,078

72,065

Other income

59,660

56,623

- Keno

191,828

157,455

- Other

235,741

279,317

Promotions Income

205,025

350,240

Rental Income

112,928

193,038

Total Revenue:

959,105

1,172,051

Gain on sale of Property, Plant & Equipment

9,000

98,728

Government Subsidies

7,121

3,328

Dividends received

Total Other Income

16,121

102,056

Total Other Revenue and Other Income

975,226

1,274,107

Total Sales Revenue and Other Income

28,969,492

26,627,644

- building and leasehold improvements

598,481

521,794

- plant, furniture & fittings, poker machines

1,484,876

1,758,044

Depreciation and Amortisation

2,083,357

2,279,838

Note 3. Revenue and Other Income Sales Revenue:

Other Revenue:

Commission Received

Other Income:

Note 4. Profit for the Year (a) Expenses Depreciation and amortisation of non-current assets

The accompanying notes form part of these financial statements. ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

2025 $

(b) Significant Revenue and Expenses Net gain (loss) on disposal of property, plant and equipment Disposals at carrying value

9,000

98,728

Net gain/(loss) on disposals

9,000

98,728

Note 5. Income Tax (a) The prima facie income tax on operating profit is reconciled to the income tax provided in the accounts as follows: Operating profit

3,080,412

2,062,897

Prima facie income tax payable calculated at 3.40% (prior year 3.95%) of operating profit

97,495

70,190

Add/(less) tax effect of permanent differences at 3.40% (prior year 3.95%)

(26,856)

(37,114)

Non-allowable members only expenses

(11,381)

(9,919)

Non-assessable members only income

1,996

2,452

Non-mutual expenses

(48,503)

(46,784)

Non-mutual income

22,492

27,056

33,243

(5,881)

Non-mutual expenses

(1,142,627)

(1,122,860)

Non-mutual income

788,904

963,824

Losses carried utilised / (forward)

(320,780)

(153,155)

Tax loss not carried forward recoupment

Change in tax rates

Income tax expense/(benefit) attributable

4,972

3,478

4,972

3,478

Adjusted for the effect of non-mutual income and expenses being assessable or deductible at 25% tax rate

to operating profit (b) The income tax expense/(benefit) comprises Current income tax payable Deferred tax asset Recoupment of prior year tax losses

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

2025 $

Note 6. Cash & Cash Equivalents Current: Cash on Hand

680,286

703,959

Cash at Bank

3,123,007

1,753,331

3,803,293

2,457,290

30,214

37,120

17,789

12,273

Cash held in Trust by Solicitor

400,000

Total current trade and other debtors

448,003

449,393

Note 7. Trade and Other Debtors Current: Trade debtors Provision for Bad Debts Trade and Sundry debtors

Current trade receivables are generally on 30-day terms. These receivables are assessed for recoverability and a provision for impairment is recognised when there is objective evidence that an individual trade receivable is impaired. These amounts have been included in other expense items. There are no balances within trade receivables that contain assets that are impaired and are past due. It is expected that these balances will be received when due. Note 8. Inventories Current: At Cost: Bar stock on hand

108,100

97,328

Catering stock on hand

20,329

19,197

128,429

116,525

Prepayments

250,299

133,438

Other Debtors

53,070

55,210

303,369

188,648

Note 9. Other Current Assets Current:

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

2025 $

Land – at Valuation

3,300,000

Buildings – at cost

7,919,810

7,826,860

(1,793,620)

(1,527,020)

6,126,190

6,299,840

10,244,338

(2,597,448)

(2,341,340)

7,646,890

7,902,998

1,184,785

503,764

18,257,865

18,006,602

Note 10. Property, Plant & Equipment

Less Accumulated Depreciation

Buildings at Valuation – at valuation Less Accumulated Depreciation

Building renovations in progress Total Land and Buildings - Core Property

Club premises and car park development. Property purchases and purchase costs, holding costs, development and construction costs to date. Plant, equipment, furniture and fittings

- at cost

12,308,057

19,958,409

Less Accumulated Depreciation

(8,327,124)

(16,315,442)

Total Plant and Equipment

3,980,933

3,642,967

Total Property, Plant and Equipment

22,238,798

21,649,569

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026

A valuation of the company’s land and building was carried out Robertson & Robertson (Certified Practising Valuer) and reported to the Directors on the 31 May 2024. Per that valuation, the land is currently valued at $3,300,000. For the buildings at valuation, at the direction of the Directors these remain at the previous valuation balance which was re-valued in the 2019 financial report based on the Robertson & Robertson valuation dated 10 July 2018. As per Section S41 j(3) of the Registered Clubs Act the Board of Directors of Ettalong Beach War Memorial Club Limited declare that as of 30 June 2026 the Club owned the following property assets classified as below.

Current use

Classification

Land and Buildings

Core

Car Park

Core

Movements in Carrying Accounts Movements in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year:

2026

Land & Buildings

Plant & Equipment & Poker Machines

Total

Closing balance - 2025

18,006,602

3,642,967

21,649,569

Additions at cost Disposals & Transfers Re-valuation of Land Depreciation expense

1,018,368 (168,624) (598,481)

1,324,880 497,962 (1,484,876)

2,343,248 329,338 (2,083,357)

Closing balance - 2026

18,257,865

3,980,933

22,238,798

2025

Land & Buildings

Plant & Equipment & Poker Machines

Total

Closing balance - 2024

18,256,922

3,793,331

22,050,253

Additions at cost Disposals & Transfers Re-valuation of Land Depreciation expense

271,474 (521,794)

1,628,635 (20,955) (1,758,044)

1,900,109 (20,955) (2,279,838)

Closing balance - 2025

18,006,602

3,642,967

21,649,569

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

2025 $

Note 11. Investments Investment in subsidiaries Ettalong Facilities Pty Ltd

Ettalong Facilities Two Pty Ltd Investment in associated companies:

Tonmarp Pty Ltd

ILG Suppliers Corporation

750

752

Ettalong Facilities Pty Ltd is a company set up by the club for the purposes of operating the resort facility, which is now to be operated by an independent management company. Ettalong Facilities Two Pty Ltd is a company set up by the Club for the purposes of leasing the carpark from the Club and subdividing the title to apply the development of the resort, being a requirement of the project financiers. Note 12. Trade and Other Payables Current: Unsecured: Trade Payables & Accruals

1,615,898

1,648,719

Memberships in advance

140,887

129,274

Total current trade and other debtors

1,756,785

1,777,993

Employee benefits - Annual Leave

821,025

791,063

Employee benefits - Long Service Leave

431,344

209,032

Flexi Leave

1,326

Mortality Benefits *

5,120

5,720

1,258,815

1,007,141

Note 13. Provisions Current:

Total Current Provisions

* Mortality Benefits are payable to eligible Members who joined the Club prior to 30 June 1972.

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

2025 $

Non Current Employee Benefits - Long Service Mortality Benefits *

152,166 1,920

277,578 1,920

Total Non-current Provisions

154,086

279,498

Total Provisions

1,412,901

1,286,639

* Mortality Benefits are payable to eligible Members who joined the Club prior to 30 June 1972. Note 14. Borrowings Current: Secured: Bank Loans

1,500,000

1,125,000

1,500,000

2,625,000

Non Current: Secured: Bank Loans

The Company’s bankers have provided term loans secured by a registered first mortgage over the Company’s freehold land & buildings and other assets (as detailed in Note 10).

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

NOTE

2024 2025 $

Note 15. Remuneration & Benefits of Directors & Executive Officers (a) Remuneration of Directors The Directors of Ettalong Beach War Memorial Club Ltd in office during the financial year were as follows: J Gribble

K Sayer

C Lance

M Maiden

J Wood

Aggregate income received, or due and receivable, by the directors of the company in connection with: Honorariums (b) Key Management Personnel Compensation Total remuneration received or due and receivable by the 4 key management personnel (2025: 4 key management personnel) of the company for management of the affairs of the company. Short term Benefits $

Post-Employment Benefits $

Total $

2026 Total Compensation

771,278

92,554

863,832

2025 Total Compensation

750,131

86,265

836,396

Note 16. Financial Risk Management Financial Assets Cash on Hand

3,803,293

2,457,290

Trade & Other Debtors

30,214

37,120

Cash held in Trust by Solicitor

400,000

4,233,507

2,894,410

Total Financial Assets Financial Liabilities Trade and other payable

1,615,898

1,648,719

Borrowings

1,500,000

2,625,000

3,115,898

4,273,719

Total Financial Liabilities The company does not have any derivative instruments at 30 June 2026.

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026

Note 17. Related Party Disclosures (a) Identities of Related Parties During the financial year certain transactions were made with the Company’s directors as set out in (b) below. (b) Transactions with Related Parties - Directors Type of Transactions

Terms and Conditions of Transcation

Class of Related Party

Related Party

2026 $

Amount

Meals and Drinks

Provided free of Charge entities

Director related

Directors

13,500

15,208

Club Shirts, Suits & Training

Provided free of Charge

Director related entities

Directors

14,601

9,617

2025 $

(c) The directors also purchased goods and services from the Company on the same terms and conditions available to the Company’s employees, members and guests. Note 18. Financial Reporting By Segments The company operates predominantly in one industry, that of being a Registered Club, governed under the Registered Clubs Act, 1976. The Company operates predominantly in one geographical location, being Ettalong Beach, NSW. Note 19. Company Details The registered office of the Company is: Ettalong Beach War Memorial Club Limited 211 Memorial Avenue Ettalong Beach, N.S.W., 2257 The principal place of business of the Company is: Ettalong Beach War Memorial Club Limited 211 Memorial Avenue Ettalong Beach, N.S.W., 2257 Note 20. Members Guarantee The company is incorporated under the Corporations Act 2001 and is a company limited by guarantee. In accordance with the conditions in the Constitution, the liability of members in the event of the Club being wound up would not exceed $5 per member towards meeting any outstanding obligations of the company. As at 30 June 2026 there were 27,921 members (2025: 27,910).

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 2026 $

NOTE

2024 2025 $

Note 21. Cash Flow Information (a) Reconciliation of Cash Cash at the end of the financial year as shown in the Statement of Cash Flow is reconciled to items in the Statement of Financial Position as follows: Cash on Hand

680,286

703,959

Other financial assets-Investments

3,123,007

1,753,331

3,803,293

2,457,290

Operating profit/(loss) after income tax

3,085,384

2,066,375

(Loss) / profit on disposal of plant & equipment

(338,338)

(98,728)

Depreciation Property Plant and Equipment

2,083,357

2,279,838

(Increase)/Decrease in Receivables

1,390

42,191

(Increase)/Decrease in Inventories

(11,904)

104

(Increase)/Decrease in Other current assets

(114,721)

(53,564)

(Increase)/Decrease in Deferred tax asset

(4,971)

(3,479)

Increase/(Decrease) Trade creditors and accruals

(21,208)

151,468

Increase/(Decrease) in Provisions

126,262

108,695

4,805,251

4,492,900

(b) Reconciliation of Cash Flow from Operations with Current Year Surplus After Income Tax

Changes in net assets and liabilities:

Cash Flows provided by Operating activities Note 22. Capital Commitments

At year-end the Directors can report that the Club has a total of $5,222,042 in capital commitments associated with the refurbishment of the gaming area of the Club. This includes contracts with construction contractors and IT-related capital costs associated with the refurbishment. Note 23. Events after the Reporting Period In the interval between the end of the financial year and the date of this report, no transactions or event of material and unusual nature has arisen to significantly affect the operation of the Club, the results of those operations, or the state of affairs of the Club in the future financial years. Note 24. Controlled Entities

Country of Incorporation

2026 Percentage Owned (%)

2025 Percentage Owned (%)

Ettalong Facilities Pty Ltd

Australia

100

Ettalong Facilities Two Pty Ltd

Australia

100

E TTALONG DIGGE RS | ANNUAL RE PORT 2 0 2 5-2 0 26

ET TAL ONG DIGGER S

| ANNUAL REP ORT 2025-2026

51-52 The Esplanade Ettalong Beach NSW Australia 2257 02 4343 0111

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