Q3 2026 Operational Update

Channel Infrastructure NZ Limited (NZX:CHI, ASX:CHI) has today released its operational update for the three months ended 30 September 2026. Throughput Approximately 50% of Channel’s contracted revenue is fixed/capacity-based fees, with the remainder calculated in relation to fuel throughput: • Notwithstanding the significant domestic price increases experienced due to geopolitical issues offshore, total fuel throughput for the quarter ended 30 September 2026 was 829 million litres, broadly in line with Q3 2025. Year-to-date combined fuel throughput volumes remain in line with the Envisory fuel demand outlook and Channel’s expectations. In addition to the impact of elevated fuel prices on demand, over the quarter: - Q3 2026 jet throughput was aligned with Q3 2025 volumes, reflecting the reinstatement of flight schedules by Middle Eastern carriers in late Q2 2026. - Petrol throughput was lower than the previous corresponding period but remains in line with the Envisory fuel demand outlook on a year-to-date basis. - Diesel throughput remains stable and in line with the Envisory fuel demand outlook. • During the quarter, 14 import shipments were received and discharged (Q3 2025:12). A summary of quarterly product throughput by fuel type since 1 April 2022 is included as Appendix I. Growth project and conversion update In late August, Channel entered into a 15-year contract with bp for significant additional jet and diesel storage capacity at the Marsden Point Energy Precinct. The contract is expected to generate approximately $130 million of revenue over its term. Work to repurpose the relevant tanks commenced in September and is progressing to plan. The bitumen import terminal construction contract remains on track to be delivered in late Q4 2026. Conversion spend is ~$194 million to 30 September 2026 (30 June 2026: $~193 million) and remains within budget. The bund upgrade program continues to progress to plan with the final phase of construction continuing through to the end of 2027. Net borrowings increased to $365 million as at 30 September 2026 (30 June 2026: $346 million) following the interim dividend payment. The Dividend Reinvestment Plan was applied to the HY26 interim dividend payment, with 20.3% shareholder uptake and a net dividend of $22.2 million paid in September 2026. - ENDS - Authorised by: Chris Bougen General Counsel and Company Secretary Investor Relations contact: Anna Bonney investorrelations@channelnz.com Media contact: Laura Malcolm communications@channelnz.com