Icon Energy Annual Report 2025 11 REMUNERATION REPORT – AUDITED Key Points − No short-term or long-term incentives were awarded to Directors or Key Management Personnel during the year. − No performance rights, options, or other equity-based incentives were issued or outstanding as at 30 June 2025. − Directors’ fees remain suspended throughout the financial year, since 1 October 2023. − The Managing Director received no remuneration during the year. − There were no employees classified as Key Management Personnel apart from the Managing Director. − The 2024 Remuneration Report received 94.98% approval at 2024 AGM. The Directors of Icon Energy Limited present this Remuneration Report for the Consolidated Entity for the financial year ended 30 June 2025. The report outlines the Group’s remuneration policy and framework, and remuneration awarded to Directors and other Key Management Personnel (KMP) for the reporting period. The Remuneration Report forms part of the Directors’ Report. The information provided in this report has been prepared in accordance with section 300A of the Corporations Act 2001 (Cth). The information in this report has been audited as required by the Act. In this report, Key Management Personnel are those persons who have authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly, including all directors (executive and nonexecutive) of the Company. Key management personnel covered in this report: Name Position Held Period as KMP Non–Executive Directors Ray James Director Company Secretary Chairman Full Year Jeffrey Marvin Director Managing Director Full Year Peter Wilson Non-executive Director Full Year There were no changes to Key Management Personnel during the year ended 30 June 2025. No additional staff have been classified as KMP during the period. 1. ROLE OF THE REMUNERATION, NOMINATIONS AND SUCCESSION COMMITTEE Given the Company’s size and structure, the Remuneration, Nominations and Succession Committee was formally dissolved in February 2024. These responsibilities have since been adopted by the Board. The Board oversees remuneration policies, the nomination and appointment of directors, and the evaluation of senior executives’ performance, continuing to adhere to our governance principles. For more information on our governance framework, please refer to the Corporate Governance Statement.
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