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BUSINESS EVENTS PERTH ANNUAL REPORT 2026

PERTH | BOORLOO

ACKNOWLEDGEMENT O F COU NT RY Business Events Perth respectfully acknowledges Aboriginal peoples as the Traditional Custodians of Western Australia and pays respect to Elders past and present. We celebrate the diversity of Aboriginal Western Australians and honour their continuing connection to Country, culture and community. We recognise and appreciate the invaluable contributions made by First Nations peoples across many generations in shaping Western Australia.

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CONTENTS 1.0 1.1 1.2

Overview 04 Message from the Chair 05 Executive Overview 09

2.0 2.1 2.2

Organisation Performance 12 Report on Operations 13 Key Performance Indicators 22

3.0 Disclosure and Legal Compliance 24 3.1 Director’s Report 25 3.2 Auditor’s Independence Declaration 31 3.3 Financial Statements 32 3.4 Director’s Declaration 59 3.5 Independent Auditor’s Report 60 4.0 Acknowledgements 62 4.1 Major Stakeholders and Major Partners 63 4.2 Platinum Member Partners 63

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1.0 OVERVIEW

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1.0 OVERVIEW

1.1 MESSAGE FROM THE CHAIR The 2025–26 financial year was a year of sustained ambition, disciplined delivery and strong collaboration for Business Events Perth and Western Australia’s business events industry. In an increasingly competitive environment, with changing market conditions and continued pressure on event budgets, Business Events Perth maintained a clear focus on attracting high-value national and international business events, increasing visitation and supporting a connected, capable and competitive industry. The year concluded with Business Events Perth securing $394.9 million in Direct Delegate Expenditure for Western Australia, finishing ahead of the annual target of $389.3 million. The events secured through this activity attracted 118,804 delegates to the State, exceeding the annual target of 105,000 delegates and it also delivered over 322,000 hotel room nights. Importantly, 76.2% per cent of secured expenditure aligned with Western Australia’s priority economic sectors, reinforcing the role of business events not only as a visitor economy driver, but also as a platform for knowledge exchange, investment attraction, and trade development.

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This result reflects the breadth of work undertaken across the year. Business Events Perth represented Western Australia in domestic and international markets, supported complex bids, hosted qualified decision-makers across Western Australia, delivered major trade and familiarisation programs, and worked alongside government, and Industry Partners to convert opportunities into future business for the State. The organisation also ended the year with 95 bids pending a destination decision, extending to 2032, and providing a substantial pipeline of business for future years. A defining feature of the 2025–26 financial year was the scale of Team WA collaboration. At AIME 2026, Western Australia fielded the largest Australian industry delegation and the fifth-largest delegation across the entire tradeshow floor. Twenty-six Western Australian co-exhibitors collectively showcased the State’s venues, destinations and services, conducting more than 550 meetings across the stand. The re-aWAken Familiarisation Program similarly demonstrated the power of a coordinated destination approach. Thirty-four national and international business events professionals and media participated in the Perth program,

with five continuing to the South West region. Across the itinerary, delegates connected with more than 80 Western Australian industry partners and experienced the State’s venues, accommodation, infrastructure and destination experiences first-hand. The year also saw a stronger focus on international market representation. Business Events Perth expanded its presence through contracted representation in the United Kingdom through MMGY, alongside representatives in China, Sydney and Melbourne. These in-market representatives complemented the Perth-based team and enhanced the organisation’s ability to maintain relationships, generate leads and respond to opportunities in key markets. This approach supported programs across Europe, China, Japan, Hong Kong, Taiwan, Malaysia, India, Singapore and other priority markets, while strengthening collaboration with Tourism Western Australia, Tourism Australia, the Western Australian Government’s trade network and airline partners. Regional Western Australia remained an important part of Business Events Perth’s

1.0 OVERVIEW

destination offering. The Team WA presence at AIME included Saltwater Busselton, while the re-aWAken South West extension and Meet in WA: South West program provided qualified clients direct exposure to the region’s emerging business events infrastructure, venues and supplier capability. These initiatives helped connect Perth-based planners with regional operators, while strengthening awareness of regional Busselton and the broader South West region for future conferences, meetings and incentive programs. Business Events Perth also continued to invest in the capability of the local industry and member partners. The Industry Leaders Forum, member education activities, the Industry Dialogue and the inaugural AHA (WA) Hotel & Business Events Leaders’ Summit created forums for industry learning, strategic discussion and collaboration. The 2026 AHA Hotel and Business Events Leaders’ Summit attracted 183 attendees, significantly exceeding its target of 100, while Industry Partner participation in trade and client programs provided direct access to decisionmakers and future business opportunities.

On behalf of the Board, I acknowledge the Western Australian Government and Tourism Western Australia for their ongoing investment and partnership. I also thank our Major Partners Perth Convention and Exhibition Centre and Crown Perth, Industry Partners, Business Events Australia and the City of Perth, that contributed to bids, site inspections, familiarisation programs and trade activity throughout the year. The annual Industry Financial Contribution of $2.141 million exceeded the target by 26 per cent and demonstrates the significant commitment of industry to promoting, collaborating and winning business for Western Australia. I extend my appreciation to my fellow Board Directors for their guidance and commitment, to the Chair of the Finance, Audit, Risk and Membership Committee, Michael Scott for his extensive corporate knowledge and contributions, to Chief Executive Officer Gareth Martin for his leadership, and to the entire Business Events Perth team for their

professionalism, adaptability and focus throughout the year. As Business Events Perth continues to align to the Western Australian Visitor Economy Strategy 2033, the organisation does so with a strong pipeline of business, a strong in-market presence and a clear understanding of the opportunities that lie ahead. Western Australia offers a compelling combination of expertise, destination appeal, quality infrastructure and industry collaboration, and our collective task is to continue converting these strengths into events that deliver economic, social and strategic value for the State.

BRADLEY WOODS AM Chair Business Events Perth

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1.0 OVERVIEW

1.2 EXECUTIVE OVERVIEW Funded by the Western Australian Government through Tourism Western Australia, and our Industry Partners, Business Events Perth attracts and secures national and international conferences, meetings and corporate and incentive programs for Western Australia (WA). The organisation generates future visitation and direct tourism expenditure while supporting wider outcomes through knowledge exchange, trade, investment, innovation and the promotion of Western Australian expertise. The 2025–26 financial year was the fourth year of Business Events Perth’s current service agreement with Tourism Western Australia. The annual business plan set an increased secured Direct Delegate Expenditure (DDE) target of $389.3 million, 12 per cent higher than the prior year’s target, together with stronger expectations for corporate and incentive conversion, alignment with priority economic sectors, industry capability, strategic market representation and development of a longerterm approach to growing the business events sector in Perth and the regions.

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Business Events Perth finished the year ahead of the overall secured DDE target, achieving $394.9 million. Corporate and incentive performance was particularly strong, with $108.6 million secured against a target of $97.33 million. Association DDE reached $286.3 million against a target of $291.97 million. The year’s business development programs combined bid leadership, targeted trade activity, international representation, direct client engagement and destination experiences. Business Events Perth participated in and hosted activity at major industry conferences including Direct Selling Australia, Associations Forum National Conference, Events Uncovered, SITE, Australia Next, PCOA Conference & Exhibition, Events International Paris, the IAEE Annual Meeting and Exhibition, the ICCA Congress, AIME and IMEX Frankfurt. International engagement extended across Asia and Europe through a range of seminars, tradeshows and business development programs that supported lead generation and market connectivity. Business Events Perth activities included a European Roadshow

supported by Business Events Australia in Amsterdam, Brussels and London, IT&CM Asia in Bangkok, hosted functions with Australia Japan Business Co-operation Committee in Japan, and the hosting of the a major incentive agent famil with 8 decision-makers from major direct selling companies in China. In partnership with Tourism Western Australia, Business Events Perth also delivered the China Dream WA Roadshow in Guangzhou and Shanghai. This program brought together 27 sellers from 23 Western Australian organisations and facilitated more than 1,400 face-to-face business meetings with over 200 buyers from the MICE and leisure sectors. Client engagement was anchored by familiarisation programs and site inspections across WA. Re-aWAken 2026 delivered a detailed four-day itinerary across Perth, Fremantle and Rottnest Island, followed by a South West extension. The program integrated venue inspections, destination experiences, hosted functions and a structured business exchange, providing clients direct access to more than 80 Western Australian industry partners. The response from participants indicated that

1.0 OVERVIEW

the program strongly influenced destination perceptions and increased confidence in hosting a future business event in WA. AIME 2026 was another major platform for both lead generation and Industry Partner value. Team WA comprised twenty-six co-exhibitors and delivered more than 550 meetings across the WA stand. The majority of surveyed partners rated the co-exhibiting opportunity positively and indicated they would consider participating again in future years. Business Events Perth also organised an in-market networking event cohosted with Business Events Tasmania, Canberra Convention Bureau and Northern Territory Business Events for over 160 clients. Regional dispersal activity focused particularly on the South West. Saltwater Busselton participated in the Team WA delegation at AIME, the re-aWAken extension provided regional exposure, and Meet in WA: South West connected 12 qualified clients with 18 regional partners in Busselton. These programs helped increase understanding of the region’s ability to host conferences, meetings and incentive programs. The 2025–26 financial year ended with 95 bids pending destination decisions out to 2032. This strong pipeline of events provides

significant opportunity for the State, but it also reflects a highly competitive and evolving global market. During the year, the State Government confirmed it would not proceed with the proposed redevelopment of the Perth Convention and Exhibition Centre, while increasing geopolitical uncertainty, including conflict in the Middle East, reinforced the importance of resilience across aviation, travel planning and long-haul markets. Business Events Perth’s future success will continue to depend on sustained market presence, innovation including the use of AI, compelling bid support, competitive funding, strong aviation connectivity, industry collaboration and a clear destination proposition. I would like to acknowledge all our Industry Partners, and Business Events Perth’s Major Partners Crown Perth and the Perth Convention and Exhibition Centre for their strong collaboration and significant industry financial contributions throughout the year. Alongside this I would like to acknowledge the significant support from the Western Australian Government through Tourism Western Australia, as well as the WA Tourism Minister, Business Events Australia and the City of Perth for their generous support for the WA business events sector.

I extend my sincere gratitude to Business Events Perth’s Board of Directors, led by Chair Bradley Woods AM, for their invaluable expertise and engagement in steering the strategic direction of this organisation. I would especially like to recognise my team, whose energy, dedication and genuine passion for Western Australia shine through in everything they do. They are hardworking, knowledgeable and friendly ambassadors for our State, bringing expertise, enthusiasm and a strong sense of teamwork to the delivery of our initiatives and the continued growth of a strong pipeline of business events for Western Australia.

GARETH MARTIN Chief Executive Officer Business Events Perth

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2.0 ORGANISATION PERFORMANCE

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2.0 ORGANISATION PERFORMANCE

2.1 REPORT ON OPERATIONS Business Events Perth’s 2025–26 operations were organised around four connected functions: business development for Western markets, business development for Eastern markets, marketing and engagement, and corporate services. Together, these functions identified and developed business event opportunities, led and supported bids, connected qualified clients with Western Australian products, promoted the destination, supported Member Partners and maintained the governance and reporting systems required to deliver the annual program. Business development and bid conversion Business development activity remained the primary driver of secured DDE. The annual program combined research, lead qualification, relationship management, bid preparation, subvention assessment, use of AI, destination presentations, site inspections and conversion support. The team worked across national and international association markets and corporate and incentive markets, supported by in-market representatives and close collaboration with

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Tourism Western Australia, Tourism Australia, government departments, universities, professional conference organisers, venues and local convenors. The overall secured result exceeded target; however, the composition of performance differed by market. Association DDE reached $286.3 million, while corporate and incentive DDE reached $108.6 million. This performance demonstrates the value of maintaining a diversified acquisition strategy and increasing focus on corporate and incentive opportunities with shorter lead times and strong potential for regional and experiential programs. Association market Association business continued to provide the largest share of secured DDE and remained central to Western Australia’s longer-term event pipeline. The association team pursued national and international conferences aligned with the State’s sector strengths, including health and medical life sciences, primary industries, mining and METS, international education, technology,

community, defence, tourism and the creative industries. The bid program was supported by local champions and institutional partners, particularly universities, research organisations, government agencies and professional associations. This approach strengthened the intellectual case for Western Australia by connecting destination capability with local expertise, research infrastructure and sector leadership. Corporate and incentive market Corporate and incentive conversion was a standout area of performance in 2025–26. Secured DDE of $108.6million exceeded the annual target by 11.6%. The result was supported by representation and targeted engagement in China, Singapore, Hong Kong, Taiwan, Japan and domestic corporate markets, together with partnerships with Business Events Australia and specialist in-market partners.

2.0 ORGANISATION PERFORMANCE

In the first quarter, Business Events Perth participated in the Direct Selling Australia Conference and hosted a China corporate familiarisation in partnership with Business Events Australia. Throughout the year, Business Events Perth participated in two Best Partner Programs. One, delivered with Business Events Australia and major incentive agent positioned Western Australia as the only featured destination before 20 decision-makers from major corporate clients, including direct selling and insurance companies. A second Singapore-based program, supported by Singapore Airlines, connected Western Australia with 25 Singapore-based clients. These activities increased first-hand destination knowledge and supported the development of near-term incentive opportunities. In-market representation and international engagement Business Events Perth expanded its market coverage during the year through representation in the United Kingdom and Europe, China, Sydney and Melbourne.

MMGY supported association and corporate engagement in the United Kingdom and Europe, while a China-based team member was contracted through AustCham. Representation in Sydney and Melbourne complemented the Perth office, with Sydney-based staff located within the Tourism Australia and Business Events Australia offices. This model enabled the organisation to maintain relationships between major trade events, generate and qualify opportunities, and improve continuity of follow-up. It also supported a more coordinated approach with Tourism Western Australia, Tourism Australia, Western Australian Government trade offices and airline partners. The European Roadshow in Amsterdam, Brussels and London hosted 28 association and corporate and incentive clients across three targeted functions, with Business Events Australia, Tourism Western Australia and the Western Australian Government represented at the London program, reinforcing a coordinated State presence. At IMEX Frankfurt, Business Events Perth and Perth Convention and Exhibition Centre

participated on the Tourism Australia stand. Twenty-two appointments were held in relation to new lead opportunities, and Business Events Perth also participated in the ICCA international lead exchange program. Familiarisation programs and site inspections Direct destination experience remained one of Business Events Perth’s most effective conversion tools. Familiarisation programs and site inspections enabled qualified decisionmakers to assess venues, accommodation, transport, experiences and supplier capability against specific event requirements, in Perth and accross Western Australia. Over the year Business Events Perth hosted over 70 site inspections, in addition to major familiarisation programs. Programs delivered during the year included a Japan MICE familiarisation, a China corporate familiarisation, a post-Australia Next program for Singaporean and Malaysian guests, reaWAken 2026, a South West extension, Meet in WA: South West and a final-quarter China corporate program.

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2.0 ORGANISATION PERFORMANCE

These activities were designed around qualified opportunities rather than broad destination promotion. The itineraries combined relevant product inspections with relationshipbuilding and business appointments, enabling clients to understand how Western Australia could respond to their event objectives and operational requirements. Regional dispersal and emerging infrastructure Regional dispersal focused on increasing planner awareness of Western Australia’s capacity beyond metropolitan Perth and connecting qualified clients with regional Member Partners. The South West was on showcase, reflecting new and emerging infrastructure, direct aviation access and a strong combination of accommodation, food and wine, natural experiences and local suppliers. Saltwater Busselton participated as part of Team WA at AIME 2026, increasing exposure to hosted buyers and industry contacts. The re-aWAken South West extension included a networking breakfast and presentation on the venue’s future event capability. Meet in WA: South

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West then brought 12 clients to Busselton for a hosted itinerary and structured appointments with 18 regional Member Partners. The regional program supported both lead generation and industry development. It gave planners a clearer understanding of the scale and range of regional products, while allowing local operators to develop direct relationships with key decision makers, professional conference organisers and event managers. Strategic sector alignment and government collaboration Business Events Perth continued to prioritise business events aligned with Western Australia’s economic strengths and the State Government’s broader economic and visitor economy objectives. The secured portfolio achieved 76.2 per cent alignment with Diversify WA priority sectors, exceeding the annual target of 75 per cent. This approach supports Diversify WA, the State’s economic development framework, by targeting business events connected to industries in which Western Australia has competitive strengths and opportunities for future growth. It

also complements the Western Australia Visitor Economy Strategy 2033 (WAVES 2033) and Tourism Western Australia’s Vision for Dream Events, which recognise business events as an important contributor to growing the visitor economy, attracting high-value visitation and strengthening Western Australia’s position as an internationally competitive events destination. Business Events Perth worked closely with government, industry and sector partners to identify and pursue events capable of delivering outcomes beyond visitor expenditure, including trade and investment, knowledge exchange, research collaboration, policy engagement and international profile. Examples during the year included collaboration with Tourism Western Australia and the City of Fremantle on the Australian Cruise Conference; Tourism Western Australia and Australia’s South West on the Australian Regional Tourism Conference; and the Department of Energy and Economic Diversification on the Australia–Japan Business Conference, LandForces 2026, the Indian Ocean Defence and Security Summit 2026 and the Nikkei Asia Forum 2026. This collaborative approach also aligns with Tourism Western Australia’s Event Experience

2.0 ORGANISATION PERFORMANCE Strategy 2033 as well as the Dream Pass, which seeks to maximise the broader economic and visitor benefits generated by events and strengthen connections between events, local businesses, tourism experiences and communities. Business Events Perth’s Aspire Awards program provided another important pathway for building this future pipeline. The 2025 program attracted 78 applicants from across Western Australia. Through Aspire, leading researchers, academics and professionals are supported to participate in international conferences within their fields. Helping strengthen global networks, showcase the State’s expertise and identify opportunities for future conferences to be secured for Western Australia. In doing so, the program connects local knowledge leaders with Business Events Perth’s broader sector-led event attraction strategy. Together, these activities position business events as more than a source of delegate expenditure. They provide a platform to showcase Western Australian capability, connect local experts, institutions and businesses with national and international networks, support the State’s priority industries and create longer-term opportunities for research, innovation, trade and investment.

Member Partner and industry engagement Member Partners are integral to Business Events Perth’s destination proposition, representing a broad network of Western Australian organisations that collectively support the delivery of the State’s business events offering. This includes convention and accommodation venues, professional conference organisers, event and destination management companies, transport operators, audiovisual and production suppliers, attractions, caterers, regional operators and specialised event service providers. Throughout 2025–26, membership value was delivered through direct participation in bids and client programs, subsidised trade opportunities, networking and professional development, market intelligence, destination content, referrals, familiarisation programs and access to qualified event decision-makers. Member Partner venues, accommodation, services, experiences and professional expertise were also incorporated across bids, site inspections, familiarisation programs, trade activity and client events. A more structured program of education and industry engagement was delivered during the year, with an increased focus on strengthening

understanding of Business Events Perth’s role in securing business events and the contribution industry can make to conversion. The Industry Leaders Forum at QT Perth provided a highlevel platform for strategic dialogue, while the Member Education Event at ibis Perth attracted more than 100 participants for practical sessions across business development, marketing, engagement and familiarisation opportunities. The Western Australian Business Events Industry End of Year Function at The Westin Perth brought together 150 industry professionals to connect and reflect on the year. In May, the Industry Dialogue at Hyde Perth brought together Directors of Sales and Marketing and senior industry leaders. Using bid case studies, the session demonstrated how destination alignment and industry collaboration can influence client decision-making. Member Partner participation was also embedded throughout Business Events Perth’s commercial activity. Twenty-six co-exhibitors joined Team WA at AIME, more than 80 industry partners contributed to re-aWAken, and Meet in WA: South West connected 12 clients with 18 regional Member Partners, providing direct opportunities to showcase the region’s business events capabilities.

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2.0 ORGANISATION PERFORMANCE Industry education and capability Aligned with the 2025–26 business plan, Business Events Perth increased its focus on building a high-performing industry. This included education sessions, strategic forums, trade participation support and opportunities for members to engage directly with clients. Business Events Perth supported the inaugural AHA (WA) Hotel & Business Events Leaders’ Summit at Pan Pacific Perth. The half-day program brought together accommodation and business events professionals to strengthen workforce capability, share industry insights and elevate service excellence. Attendance reached 183, significantly exceeding a target of 100. The summit was integrated with re-aWAken, with 10 hosted clients attending. This created a direct link between industry development and destination promotion, allowing visiting planners to experience the depth and cohesion of Western Australia’s industry. Marketing, communications and destination positioning Marketing and communications activity supported lead generation, bid competitiveness, destination awareness, delegate boosting and

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corporate reputation throughout 2025–26. The annual business plan prioritised integration of Tourism Western Australia’s Walking On A Dream brand, the activation of the Dream Pass, tailored bid and event marketing, regional content, international visibility, campaign reporting and stronger communication of the broader value of business events. Business Events Perth continued to position Western Australia as a distinctive and capable business events destination, translating the State’s broader tourism proposition into messaging relevant to conference, meeting and incentive audiences. Destination imagery, video, presentations, bid collateral, digital content and social media were used across different stages of the client journey, allowing messaging to be tailored to individual markets and opportunities while maintaining a consistent Western Australian identity.

business events, supporting awareness of the sector among government, industry, clients and other stakeholders. The strength of this approach was recognised nationally and internationally during the year. Business Events Perth was named Australia’s Best Bureau Destination Marketing Team of the Year at the 2025 Australian Business Events Awards and Best Convention & Exhibition Bureau (Local) at the TTG Asia Travel Awards for the second consecutive year. These awards reflected the organisation’s collaborative approach to destination marketing and Western Australia’s growing profile as a competitive business events destination.

Marketing support also extended beyond event acquisition. Delegate-boosting materials and destination content supported secured events to promote Western Australia to prospective attendees, helping strengthen attendance and encourage broader visitation. Corporate communications highlighted secured events, destination capability, industry achievements and the economic and strategic contribution of

2.0 ORGANISATION PERFORMANCE

2.2 KEY PERFORMANCE INDICATORS The Company’s performance as defined by its service contract to Tourism Western Australia (2023 - 2026), and as adopted by the Board for the same purpose, had a primary distinct measure: Direct Delegate Expenditure (DDE) DDE is a universal key performance indicator (KPI) specific to convention bureau nationally and internationally. This economic KPI is based on the calculation of the average on-ground spend of a conference delegate whilst in the State of Western Australia. This value includes accommodation, delegate fees and all on-ground costs. Over the 2025 - 26 financial year, Business Events Perth has secured a total of $394.9 million in Direct Delegate Expenditure against a target of $389.3 million. The team extends gratitude to the Western Australian Government through Tourism Western Australia for their ongoing support and significant contributions. Business Events Perth successfully managed to attract a total of 118,804 delegates, against a targeted 105,000 This generated a total of over 322,000 room nights secured. 2025-26 TARGET

2025-26 ACTUAL

1. Direct Delegate Expenditure (DDE) - $M (secured)

$389.3M

$394.9M

1a. Association DDE - $M

$291.97M

$286.3M

1b. Corporate and Incentive (C&I) DDE - $M

$97.33M

$108.6M

75%

76.20%

105,000

118,804

$1.7M

$2,141,179

2. Diversify WA Percentage (secured) 3. Number of Delegates (secured) 4. Industry Financial Contribution (IFC)

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3.0 DISCLOSURE AND LEGAL COMPLIANCE

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3.1 DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2026 Your Directors present their report on Business Events Perth for the financial year ended 30 June 2026. General information Directors The names of the directors in office at any time during, or since the end of, the year are: Names Appointed/Term concluded • • • •

Renee BENNETT Nadia OWEN Kirsty MAINSTONE Dario ORSINI

Re-elected 6 November 2025 Re-elected 6 November 2025 Elected 19 November 2024 Elected 19 November 2024

Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. The names of each Consultative Director throughout the year and at the date of this report are: Names Appointed/Term concluded • • • • • •

Michael SCOTT Bradley WOODS AM Jacki D’ANTONIO Peter BRAMPTON Andrew CAIRNS Kendra NAIDOO

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Re-appointed 26 June 2025 Re-appointed 26 June 2025 Appointed 19 November 2024 Re-appointed 26 June 2025

Principal activities The principal activities of Business Events Perth during the financial year were to: • • •

market the State of Western Australia and Perth as a preferred convention, exhibition and incentive travel destination; assist organisers in the winning and promotion of their business events in Western Australia; and make recommendations to Tourism Western Australia for the implementation of marketing and sales projects and activities.

Business Events Perth continued its core marketing and business development activities including attendance at tradeshows, industry conferences, bid presentations and hosting of site inspections and familiarisations for qualified clients. Short and long term objectives and strategies The Company’s short term objectives are to: • • •

market and promote the State of Western Australia as a preferred business events destination in Australia and worldwide; secure national and international business events to be held in Western Australia; generate social and economic benefits for the people of the State of Western Australia through securing the business events to be held in the State;

To achieve these objectives, the Company has: • • •

attracted and retained quality staff committed to Business Events Perth’s short and long term objectives; ensured staff work closely in partnership with members, stakeholders and the business events industry to support the Company’s projects and initiatives; and staff who strive to meet consistent standards of best practice and who provide clear expectations of professional standards and responsibilities to all members and stakeholders.

Key performance measures The Company’s performance as defined by its service contract to Tourism Western Australia (2023 -2026), and as adopted by the Board for the same purpose, had one distinct measure: •

Direct Delegate Expenditure (DDE)

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DDE is a universal key performance indicator (KPI) specific to convention bureau nationally and internationally. It is an economic KPI based on a calculation of the average on-ground spend of conference delegates whilst in the State of Western Australia. This value includes accommodation,delegate registration and all on-ground costs such as local transport, entertainment, tours and business services. Business Events Perth achieved an independently audited $394.9 million in DDE against a target of $389.3 million for the 2025-26 financial year. This includes national and international business events set to occur in Western Australia out to 2029, representing more than 300,000 hotel room nights. In addition, at the end of the 2025-26 financial year, Business Events Perth had over 95 bids pending a destination decision for a future business event in WA. With a positive growth in bids and bid development activity, increased pending bids also reflects a challenging market environment with significant domestic and international competition; as well as extension of destination decision making timeframes, due in part to the conflict in the Middle East and the postponed redevelopment of the Perth Convention and Exhibition Centre (PCEC). Industry Financial Contribution (IFC) was a Financial Reporting Item for Business Events Perth in 2025-26 with a target set for $1,700,000. Business Events Perth achieved $2,141,222 in Industry Financial Contribution for the year due to record industry investment in collaborative destination promotion activities. The performance against these key performance indicators is listed as follows:

2025-26 TARGET

2025-26 ACTUAL

1. Direct Delegate Expenditure (DDE) (secured)

$389,300,000

$394,930,000

1a. Association DDE

$291,970,000

$286,258,000

1b. Corporate and Incentive (C&I) DDE

$97,330,000

$108,670,000

2. Diversify WA Percentage (secured)

75.0%

76.2%

3. Number of Delegates (secured)

105,000

118,804

$1,700,000

$2,141,222

KPI TARGETS

4. Industry Financial Contribution (IFC)

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Information on Directors The names, qualifications, experience and special responsibilities of each person who has been a director during the year and to the date of this report are:

Renee BENNETT

Business Events Perth Director (Re-elected 6 November 2025) Director, Encanta Event Management Director, WaldronSmith Management (AUST) PCO Association, Councillor - Western Australia

Nadia OWEN

Business Events Perth Director (Re-elected 6 November 2025) Head of Meetings and Special Events, Optus Stadium Director, Tennis West

Michael SCOTT

Business Events Perth Consultative Director (Re-appointed 26 June 2025) Chair, Business Events Perth Finance, Audit, Risk and Membership Committee General Manager, RAC Arena Director, Australian Hotels Association WA Director, Hospitality Group Training (WA)

Bradley WOODS AM

Business Events Perth Chair, Consultative Director (Re-appointed 26 June 2025) Member, Business Events Perth Finance, Audit, Risk and Membership Committee CEO, Australian Hotels Association WA Chair, Australia Day Council WA Chair, Hospitality Group Training Chair, Edith Cowan University - Tourism and Hospitality Management Consultative Committee Co-Founder and Board Member, Healthy Mind Menu Inc.

Jacki D’ANTONIO

Business Events Perth Consultative Director (Appointed 19 November 2024) Area Manager Western Australia, Singapore Airlines

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Peter BRAMPTON

Business Events Perth Consultative Director (Re-appointed 26 June 2025) General Manager, The Westin Perth Chairman, Marriott International ANZP Business Council

Andrew CAIRNS

Business Events Perth Consultative Director Member, Business Events Perth Finance, Audit, Risk and Membership Committee (term commenced November 2025) Accommodation Division President - Australian Hotels Association WA Board Director, Accommodation Australia Executive General Manager, Crown Perth Hotels

Kirsty MAINSTONE

Business Events Perth Director (Elected 19 November 2024) Event Director, Lux Events

Dario ORSINI

Business Events Perth Director (Elected 19 November 2024) General Manager, The Ritz-Carlton Perth Director, Destination Perth

Kendra NAIDOO

Business Events Perth Consultative Director Member, Business Events Perth Finance, Audit, Risk and Membership Committee (term concluded November 2025) Board Member, Women in Tourism and Hospitality Director, Tourism Council WA

Members guarantee Business Events Perth 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 $20 towards meeting any outstanding obligations of the Company. At 30 June 2026, the total amount that members would be liable to contribute if the Company is wound up is $3,180 (2025: $3,100). Company Secretary The following person held the position of company secretary at the end of the financial year: Patricia Elizabeth McKay has been the company secretary since 23 May 2019.

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Meeting of Directors During the financial year, 11 meetings of Directors (including Committees of Directors) were held. Attendances by each Director during the year were as follows: Finance, Audit, Risk and Membership Committee Meetings

Board of Directors' Meeting Number eligible to attend

Number attended

Number eligible to attend

Number attended

Bradley WOODS AM

Renee BENNETT

Peter BRAMPTON

Andrew CAIRNS

Michael SCOTT

Nadia OWEN

Kendra NAIDOO

Kirsty MAINSTONE

Dario ORSINI

Jacki D'ANTONIO

The Board also has an Appointments and Remuneration Committee which meets on 'as needs' basis. Auditor's independence declaration The lead auditor's independence declaration in accordance with section 307C of the Corporations Act 2001, for the year ended 30 June 2026 has been received and can be found on page 7 of the financial report. Signed in accordance with a resolution of the Board of Directors: Director: Bradley WOODS AM Dated this 14th day of September 2026

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

3.2 AUDITOR’S INDEPENDENCE DECLARATION

AUDITOR’S INDEPENDENCE DECLARATION UNDER SECTION 307C OF THE CORPORATIONS ACT 2001 TO THE DIRECTORS OF BUSINESS EVENTS PERTH

I declare that, to the best of my knowledge and belief, during the year ended 30 June 2026 there have been: (i)

no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and

(ii)

no contraventions of any applicable code of professional conduct in relation to the audit. DRY KIRKNESS (AUDIT) PTY LTD

Dated: 14th September 2026 West Perth

M A KIRKNESS Principal

Western Australia

Dry Kirkness (Audit) Pty Ltd Ground Floor, 50 Colin St West Perth WA 6005

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

PO Box 216, West Perth, 6872 admin@drykirknessaudit.com.au drykirknessaudit/audit-assurance/

P: (08) 6326 2300 ABN: 61 112 942 373 RCA No: 289109

Liability limited by a scheme approved under the Professional Standards Legislation

3.3 FINANCIAL STATEMENTS STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2026

Note

2026 $

2025 $

RECURRENT Revenue

12,247,766

12,579,264

Finance income

857,536

938,958

(3,338,848)

(3,843,329)

(240,321)

(239,307)

(515,322)

(490,589)

(6,769,728)

(7,225,598)

(1,272,698)

(1,000,707)

(867,957)

(620,957)

(38,968)

(47,598)

61,460

50,137

61,460

50,137

61,460

50,137

Employee benefits expense Depreciation and amortisation expense

Administration expenses Business development expenses

Marketing expenses Other expenses Finance expenses

Recurrent operating profit Income tax expense

3.b

Profit for the year Other comprehensive income for the year, net of tax Total comprehensive income for the year

The accompanying notes form part of these financial statements.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

BU SI N E SS EV E N T S PE R TH ANNUAL REPORT 20 26

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2026 Note

2026 $

2025 $

ASSETS CURRENT ASSETS Cash and cash equivalents

7,286,683

6,831,171

Trade and other receivables

369,173

517,759

17,172,492

16,630,198

482,380

294,736

25,310,728

24,273,864

Other financial assets - term deposits Other assets

TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment

187,731

244,354

Right-of-use asset

456,342

617,394

644,073

861,748

25,954,801

25,135,612

TOTAL NON-CURRENT ASSETS TOTAL ASSETS LIABILITIES CURRENT LIABILITIES Trade and other payables

7,993,040

7,248,298

Contract liabilities

10,557,071

6,725,170

Lease liabilities

172,798

151,910

Employee benefits

400,207

346,980

19,123,116

14,472,358

TOTAL CURRENT LIABILITIES

The accompanying notes form part of these financial statements.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

Note

2026 $

2025 $

NON-CURRENT LIABILITIES Trade and other payables

5,248,988

8,968,518

Lease liabilities

377,861

550,534

Employee benefits

59,097

59,923

TOTAL NON-CURRENT LIABILITIES

5,685,946

9,578,975

TOTAL LIABILITIES

24,809,062

24,051,333

NET ASSETS

1,145,739

1,084,279

Retained earnings

1,145,739

1,084,279

TOTAL EQUITY

1,145,739

1,084,279

EQUITY

The accompanying notes form part of these financial statements.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2026 2026 Balance at 1 July 2025 Profit attributable to members of the entity Balance at 30 June 2026

2025 Balance at 1 July 2024 Profit attributable to members of the entity Balance at 30 June 2025

Retained Earnings $

Total $

1,084,279

61,460

1,145,739

Retained Earnings $

Total $

1,034,142

50,137

1,084,279

The accompanying notes form part of these financial statements.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

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

2026 $

2025 $

CASH FLOWS FROM OPERATING ACTIVITIES: Receipts from customers

1,713,175

2,173,019

Service fee and funding received

11,424,665

11,576,620

Payments to suppliers and employees

(12,474,864)

(13,748,407)

Interest received

142,919

227,128

Interest expense on lease liabilities

(38,968)

(47,598)

Short-term, low-value and variable lease payments

(153,326)

(152,638)

613,601

28,124

Placement of term deposits

(542,294)

(4,164,240)

Interest received from term deposits

558,636

707,151

Purchase of property, plant and equipment

(22,646)

(10,689)

Net cash used in investing activities

(6,304)

(3,467,778)

Repayment of lease liabilities

(151,785)

(132,622)

Net cash used in financing activities

(151,785)

(132,622)

Net increase in cash and cash equivalents held

455,512

(3,572,276)

Cash and cash equivalents at beginning of year

6,831,171

10,403,447

7,286,683

6,831,171

Net cash provided by operating activities

22.b

CASH FLOWS FROM INVESTING ACTIVITIES:

CASH FLOWS FROM FINANCING ACTIVITIES:

Cash and cash equivalents at end of financial year

22.a

The accompanying notes form part of these financial statements.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2026 1. INTRODUCTION The financial statements cover Business Events Perth (the 'Company') as an individual entity. Business Events Perth is a public company limited by guarantee, incorporated and domiciled in Australia. The principal activities of the Company for the year ended 30 June 2026 were to market the State of Western Australia and Perth as a preferred convention, exhibition and incentive travel destination; assist organisers in the winning and promotion of their business events in Western Australia; and implementation of marketing and sales projects and activities as approved by Tourism Western Australia. The financial statement amounts are presented in Australian dollars unless stated otherwise. The Company presents amounts rounded to the nearest whole dollar in accordance with ASIC Corporations (Rounding in Financials/Directors' Reports) Instrument 2026/183. The functional and presentation currency of the Company is Australian dollars. 2. BASIS OF PREPARATION The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards - Simplified Disclosures, Interpretations of the Australian Accounting Standards Board, and the Corporations Act 2001. The Company is a not-forprofit entity for financial reporting purposes under Australian Accounting Standards. The financial statements comply with Australian Accounting Standards - Simplified Disclosures. They comply with the recognition and measurement requirements of Australian Accounting Standards, their presentation requirements as modified by AASB 1060 General Purpose Financial Statements Simplified Disclosures for For-Profit and Not-For-Profit Tier 2 Entities, and the disclosure requirements of AASB 1060. The financial 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. Material accounting policy information relating to the preparation of these financial statements are presented below and are consistent with prior reporting periods unless otherwise stated. Accounting policy information which does not satisfy one of the following requirements has been removed from these financial statements: • • 38

Changes in accounting policy Documentation of choice in the accounting standards B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

• • •

An accounting policy developed in the absence of an explicit accounting standard requirement Significant judgement or estimation Complex transaction and accounting policy need to explain the treatment.

The amounts presented in the financial statements have been rounded to the nearest dollar. 3. MATERIAL ACCOUNTING POLICY INFORMATION a. Revenue and other income The Company applies AASB 15 Revenue from Contracts with Customers ("AASB 15") and AASB 1058 Income of Not-for-Profit Entities ("AASB 1058"). Revenue from contracts with customers The core principle of AASB 15 is that revenue is recognised on a basis that reflects the transfer of promised goods or services to customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. Revenue is recognised by applying a five-step model as follows: 1. 2. 3. 4. 5.

Identify the contract with the customer Identify the performance obligations Determine the transaction price Allocate the transaction price to the performance obligations Recognise revenue as and when control of the performance obligations is transferred.

Generally the timing of the payment for sale of goods and rendering of services corresponds closely to the timing of satisfaction of the performance obligations, however where there is a difference, it will result in the recognition of a receivable, contract asset or contract liability. None of the revenue streams of the Company have any significant financing terms as there is less than 12 months between receipt of funds and satisfaction of performance obligations. Rendering of services Revenue in relation to rendering of services is recognised at a point in time when the given performance obligation is met, that is, when clients receive and consume the benefits of the services as the Company provides them, the revenue recognition model is based on the time elapsed output method. A receivable in relation to these services is recognised when a bill has been issued, as this is the point in time that the consideration is unconditional because only the passage of time is required before the payment is due.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

Operating grants When the Company receives operating grant revenue from government, it assesses whether the contract is enforceable and has sufficiently specific performance obligations in accordance to AASB 15. When both these conditions are satisfied, the Company: 1. identifies each performance obligation relating to the grant; 2. recognises a contract liability for its obligations under the agreement; and 3. recognises revenue as it satisfies its performance obligations. Where the contract is not enforceable or does not have sufficiently specific performance obligations, the Company: • • •

recognises the asset received in accordance with the recognition requirements of other applicable accounting standards (for example AASB 9, AASB 16, AASB 116 and AASB 138); recognises related amounts (being contributions by owners, lease liability, financial instruments, provisions, revenue or contract liability arising from a contract with a customer); and recognises income immediately in profit or loss as the difference between the initial carrying amount of the asset and the related amount.

If a contract liability is recognised as a related amount above, the Company recognises income in profit or loss when or as it satisfies its obligations under the contract. Sponsorship revenue Direct sponsorship revenue represents cash acquired in exchange for value awarded to a sponsor (e.g. name recognition, naming rights etc). Management has assumed that value provided in exchange for cash is awarded over the term of the contract. Therefore, revenue recognition of cash sponsorship is spread evenly over the term of the contract to match the value provided as this is when the performance obligation is met. Subscriptions Revenue from the provision of membership subscriptions is recognised over the membership period this is when the performance obligation is met. Interest revenue Interest revenue is recognised using the effective interest method.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

b. Income tax The Company is exempt from income tax under Division 50-40 of the Income Tax Assessment Act 1997. Accordingly, no income tax expense is recognised in the financial statements. c. Property, plant and equipment Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation and impairment. Plant and equipment Plant and equipment are measured using the cost model. Property, plant and equipment, is depreciated on a straight line basis over the assets useful life to the Company, commencing when the asset is ready for use. Leased assets and leasehold improvements are amortised over the shorter of either the unexpired period of the lease or their estimated useful life. The depreciation rates used for each class of depreciable asset are shown below: Fixed asset class

Depreciation rate

Plant and Equipment

5 - 40%

Leasehold improvements

remainder of lease

At the end of each annual reporting period, the depreciation method, useful life and residual value of each asset is reviewed. Any revisions are accounted for prospectively as a change in estimate.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

d. Financial instruments Financial assets All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets. Classification On initial recognition, the Company classifies its financial assets into the following categories, those measured at: • • • •

amortised cost fair value through profit or loss - FVTPL fair value through other comprehensive income - equity instrument (FVOCI - equity) fair value through other comprehensive income - debt investments (FVOCI - debt)

Amortised cost The Company's financial assets measured at amortised cost comprise trade and other receivables and cash and cash equivalents in the statement of financial position. Financial liabilities The financial liabilities of the Company comprise trade payables, bank and other loans and finance lease liabilities. e. Leases i. Right-of-use asset Right-of-use assets are recognised at the commencement date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and any impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of‐ use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease terms and the estimated useful lives of the assets as follows: Building 42

6 years B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

If ownership of the leased asset transfers to the Company by the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. ii. Adoption of short term leases or low value asset exception The Company has elected to apply the recognition exemption for leases of low-value assets to lease of photocopier that is considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognised as an expense on a straight-line basis over the lease term. f. Provisions Provisions are recognised when the Company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and the outflow can be reliably measured. g. Economic dependence Business Events Perth is dependent on the Government of Western Australia through Tourism Western Australia for the majority of its revenue used to operate the business. At the date of this report the directors have no reason to believe that the Government of Western Australia through Tourism Western Australia will not continue to support Business Events Perth. h. Comparative figures When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year. i. Adoption of new, revised accounting standards The Company has adopted all standards which became effective for the first time at 30 June 2026, the adoption of these standards has not caused any material adjustments to the reported financial position, performance or cash flow of the Company. 4. CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS The directors make estimates and judgments during the preparation of these financial statements regarding assumptions about current and future events affecting transactions and balances. These estimates and judgements are based on the best information available at the time of preparing the financial statements, however as additional information is known then the actual results may differ from the estimates.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

The significant estimates and judgements made have been described below. Key estimates - In-kind support The Company received assistance from some of its members during the year in the form of airfares, accommodation, meals and functions. In these instances, the Company has to assess a best estimate for the value of this in-kind support using values given by the members who provided the in-kind support. Key judgments - Convention funding The Company has an obligation to promote Perth as a business event destination and identify new event opportunities and bring them to Western Australia under the contract with Tourism Western Australia. The valuation of convention funding for each conference or event requires judgement in assessing the value that the conference or event will bring to the State, based on the calculated direct delegate expenditure (DDE) of that conference or event, e.g. event type, number of days for the event, number of attendees (including State, national and international) and direct competition for the conference or event. Key judgments - performance obligations under AASB 15 To identify a performance obligation under AASB 15, the promise must be sufficiently specific to be able to determine when the obligation is satisfied. Management exercises judgement to determine whether the promise is sufficiently specific by taking into account any conditions specified in the arrangement, explicit or implicit, regarding the promised goods or services. In making this assessment, management includes the nature/ type, cost/ value, quantity and the period of transfer related to the goods or services promised. Key judgments - lease term and option to extend under AASB 16 The lease term is defined as the non-cancellable period of a lease together with both periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and also periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option. The options that are reasonably going to be exercised is a key management judgement that the Company will make. The Company determines the likeliness to exercise the options on a lease-by-lease basis looking at various factors such as which assets are strategic and which are key to the future strategy of the Company. Key judgments - employee benefits For the purpose of measurement, AASB119: Employee Benefits defines obligations for short-term employee benefits as obligations expected to be settled wholly before 12 months after the end of the annual reporting period in which the employees render the related services. As the Company expects that most employees will not use all of their annual leave entitlements in the same year in which they are earned or during the 12-month period that follows despite an informal company policy that requires annual leave to be used within 18 months, the Company believes that obligations for annual leave entitlements satisfy the definition of other long-term employee benefits and, therefore, are required to be measured at the present value of the expected future payments to be made to employees.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

5. Revenue 2026 $

2025 $

Recurrent revenue: 10,500,000

10,500,000

- Sponsorships

97,000

225,000

- EMDG

20,000

90,000

- Member subscriptions

527,545

501,973

1,091,664

1,243,098

11,557

19,193

12,247,766

12,579,264

2026

2025

- Service fees

- Industry contribution co-operative marketing - Other

6. Finance Income and Expenses

Finance income

Interest income - Assets measured at amortised cost

857,536

938,958

857,536

938,958

38,968

47,598

38,968

47,598

Finance expenses Interest expense on lease liability

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

7. Result for the Year The result for the year includes the following specific expenses: Note

2026 $

2025 $

Depreciation and amortisation Depreciation - plant and equipment

79,269

78,255

Depreciation - right-of-use assets

161,052

240,321

239,307

Bid development

2,223,765

2,514,622

Destination sponsorship

4,306,337

4,537,247

239,626

173,729

6,769,728

7,225,598

139,387

138,762

Note

2026

2025

Total depreciation and amortisation Business development expense

Site inspection Total business development expenses Low-value asset lease expenses and outgoings

8. Cash and Cash Equivalents $

Cash on hand

Cash at bank

7,286,683

6,831,166

7,286,683

6,831,171

The accompanying notes form part of these financial statements.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

9. Trade and Other Receivables Note

2026 $

2025 $

CURRENT Trade receivables

12,353

79,986

Bank guarantee

356,820

80,953

369,173

517,759

Current GST/BAS receivable

Included in bank guarantee is an amount of $120,000 (2025: $120,000) which was not available for use by the Company. This amount relates to a set off arrangement with the Commonwealth Bank of Australia for credit card facilities provided by the bank.

10. Other Assets 2026 $

2025 $

CURRENT Prepayments

72,773

41,110

Accrued income

409,607

253,626

482,380

294,736

The accompanying notes form part of these financial statements.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

11. Property, Plant and Equipment 2026 $

2025 $

PLANT AND EQUIPMENT Plant and equipment At cost

185,856

163,210

Accumulated depreciation

(158,084)

(132,133)

Total plant and equipment

27,772

31,077

At cost

319,915

Accumulated amortisation

(159,956)

(106,638)

Total leasehold improvements

159,959

213,277

Total property, plant and equipment

187,731

244,354

Leasehold Improvements

a. Movements in Carrying Amounts Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year: Equipment and Plant $

Leasehold Improvement $

Total $

Balance at the beginning of year

31,077

213,277

244,354

Additions

22,646

Depreciation expense

(25,951)

(53,318)

(79,269)

Balance at the end of the year

27,772

159,959

187,731

Year ended 30 June 2026

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

12. Right-of-use Assets and Lease Liabilities The Company has a lease contract for an office used in its operations. The lease has a term of 6 years. a. Right-of-use assets 2026 $

2025 $

NON-CURRENT Buildings At cost

966,341

Accumulated depreciation

(509,999)

(348,947)

Total right-of-use assets

456,342

617,394

Buildings $

Total $

Balance at beginning of year

617,394

Depreciation charge

(161,052)

Balance at end of year

456,342

b. Movement in carrying amount

Year Ended 30 June 2026

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

12. Right-of-use Assets and Lease Liabilities (continued) c. Lease liabilities The maturity analysis of lease liabilities based on contractual undiscounted cash flows is show in the table below: < 1 year $

1 - 5 years $

> 5 years $

Total undiscounted lease liabilities $

Lease Liabilities included in this Statement of Financial Position $

201,779

398,844

600,623

550,659

190,814

600,624

791,438

702,444

2026 $

2025 $

172,798

151,910

172,798

151,910

377,861

550,534

377,861

550,534

2026 Lease liabilities 2025 Lease liabilities

CURRENT Lease liabilities NON-CURRENT Lease liabilities

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

d. Statement of Profit or Loss and Other Comprehensive Income The amounts recognised in the statement of profit or loss and other comprehensive income relating to leases where the Company is a lessee are shown below:

2026 $

2025 $

Interest expense on lease liability

38,968

47,598

Variable lease payments not included in the measurement of lease liabilities

138,159

137,288

1,228

1,474

161,052

339,407

347,412

Expenses relating to short-term or low value leases Depreciation - right-of-use assets

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

13. Trade and Other Payables

2026

2025

Note

1,185,562

1,229,797

Current GST/BAS liabilities

151,361

Income in advance

41,608

189,909

6,614,509

5,828,592

7,993,040

7,248,298

5,248,988

8,968,518

5,248,988

8,968,518

2026

2025

CURRENT Trade payables

Convention funding allocation

NON-CURRENT Convention funding allocation

14. Contract Liabilities

CURRENT Tourism Western Australia service fees

252,519

341,554

Tourism Australia project fees

109,000

272,000

Strategic Business Events Fund

1,760,801

1,408,705

Convention Bid Funding allocation

8,434,751

4,702,911

10,557,071

6,725,170

Tourism Western Australia service fees and Tourism Australia project fees are enforceable and has sufficiently specific performance obligations in accordance with AASB 15. The amount received at that point in time, is recognised as a contract liability until the performance obligations have been satisfied.

The accompanying notes form part of these financial statements.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

15. Employee Benefits 2026

2025

CURRENT Annual leave provision

262,635

230,968

Long service leave provision

137,572

116,012

400,207

346,980

59,097

59,923

59,097

59,923

NON-CURRENT Long service leave provision

Provision for employee benefits represents amounts accrued for annual leave and long service leave. The current portion for this provision includes the total amount accrued for annual leave entitlements and the amounts accrued for long service leave entitlements that have vested due to employees having completed the required period of service. Based on past experience, the Company does not expect the full amount of annual leave or long service leave balances classified as current liabilities to be settled within the next 12 months. However, these amounts must be classified as current liabilities since the Company does not have an unconditional right to defer the settlement of these amounts in the event employees wish to use their leave entitlement. The non-current portion of this provision includes amounts accrued for long service leave entitlements that have not yet vested in relation to those employees who have not yet completed the required period of service. In calculating the present value of future cash flows in respect of long service leave, the probability of long service leave taken is based on historical data.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

16. Capital and Contractual Commitments Contractual commitments 2026

2025

Non-cancellable commitments contracted for but not capitalised in the financial statements Payable - minimum lease payments: - no later than one year

1,474

- between one year and five years

1,228

2,702

4,176

The non-cancellable contractual commitments relate to the lease of a photocopier with rent payable monthly for 60 months commencing on 4 May 2023.

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

17. Financial Risk Management The Company is exposed to a variety of financial risks through its use of financial instruments. Financial instruments used The principal categories of financial instruments used by the Company are trade receivables, cash at bank and trade and other payables:

Note

2026 $

2025 $

Financial Assets Cash and cash equivalents

7,286,683

6,831,171

Trade and other receivables

369,173

436,806

Other financial assets - term deposits

17,172,492

16,630,198

Total financial assets

24,828,348

23,898,175

Financial Liabilities Financial liabilities at amortised cost - Trade and other payables

13,049,059

16,026,907

- Lease liabilities

550,659

702,444

13,599,718

16,729,351

Total financial liabilities

The accompanying notes form part of these financial statements.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

18. Members' Guarantee 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 $20 each towards meeting any outstandings and obligations of the Company. At 30 June 2026 the number of members was 159 (2025:155). 19. Interests of Key Management Personnel Key management personnel comprise: Chairperson of the Board, Chairperson of the Finance, Audit, Risk and Membership (FARM) Committee of the Company; and Chief Executive Officer (CEO). Remuneration includes amounts such as salaries, honorariums, annual leave, allowances, long service leave and superannuation guarantees of 12% where applicable. Total remuneration paid to key management personnel of the Company is $458,692 (2025: $492,626). No other Directors received any remuneration for their services. 20. Auditors' Remuneration

2026 $

Remuneration of the auditor Dry Kirkness, for: auditing or reviewing the financial statements

2025 $

27,750

26,400

27,750

26,400

21. Related Party Transactions During the year, the Company purchased services from entities associated with some of the Directors. All transactions were made on normal terms and conditions, which would have been adopted if dealing at arm's length. 22. Cash Flow Information a. Reconciliation of cash 2026 $

2025 $

Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the statement of financial position as follows: Cash and cash equivalents

7,286,683

6,831,171

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

b. Reconciliation of result for the year to cash flows from operating activities Reconciliation of net profit to net cash provided by operating activities: 2026 $

2025 $

61,460

50,137

- Depreciation expense

240,321

239,307

- Interest received from term deposits

(714,617)

(711,830)

- (increase)/decrease in trade and other receivables

67,633

143,759

- (increase)/decrease in prepayments

(31,663)

198,182

- increase/(decrease) in income in advance

(400,336)

(260,900)

- increase/(decrease) in trade and other payables

1,338,402

381,445

- increase/(decrease) in employee benefits

52,401

(11,976)

Cash flow from operations

613,601

28,124

Profit for the year Non-cash flows in profit:

Changes in assets and liabilities:

c. Credit standby arrangement and loan facilities The Company has no credit standby or loan facilities.

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

23. Events after the end of the Reporting Period The financial report was authorised for issue on 14 September 2026 by the Board of Directors. No other matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Company, the results of those operations, or the state of affairs of the Company in future financial years. 24. Company Details The registered office and principal place of business of the Company is: Business Events Perth Level 2, 129 St George's Terrace Perth WA 6000 25. Assistance provided to Business Events Perth The Company received assistance from some of its members during the year in the form of airfares, accommodation, meals and functions. The amount has not been recognised as the value cannot be reliably measured. However, the amount is estimated to be approximately $430,016 (2025: $493,270). 26. Segment Reporting The Company promotes Western Australia and the Perth metropolitan area as a convention, exhibition and incentive travel destination. It is involved in this industry in the one geographic location of Western Australia.

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3.4 BUSINESS EVENTS PERTH DIRECTORS' DECLARATION The directors of the Company declare that, in their opinion: 1. there are reasonable grounds to believe that the Company is able to pay its debts as and when they become due and payable; and 2. the attached financial statements and notes thereto are in accordance with the Corporations Act 2001, including: • giving a true and fair view of the financial position and performance of the Company; and • complying with Australian Accounting Standards - Simplified Disclosures. Signed in accordance with a resolution of the directors made pursuant to s.295(5) of the Corporations Act 2001.

Director

Bradley WOODS AM

Dated this: 14th day of September 2026

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

3.5 INDEPENDENT AUDITOR’S REPORT

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 regard. Responsibilities of the Directors for the Financial Statements

INDEPENDENT AUDITOR'S REPORT To the members of Business Events Perth Opinion We have audited the financial statements of Business Events Perth (“the Company”), which comprises the statement of financial position as at 30 June 2026, the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including material accounting policy information, and the directors' declaration. In our opinion, the accompanying financial statements of Business Events Perth, have been prepared in accordance with the Corporations Act 2001, including: (a)

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

(b)

complying with Australian Accounting Standards – AASB 1060: General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities and the Corporations Regulations 2001.

Basis for 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 Statements 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 (including Independence Standards) (the Code) that are relevant to our audit of the financial statements in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Information Other than the Financial Statements and Auditor's Report Thereon The directors are responsible for the other information. The other information comprises the information included in the Director’s Report for the year ended 30 June 2026 but does not include the financial statements and our auditor's report thereon. Our opinion on the financial statements 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 statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

Dry Kirkness (Audit) Pty Ltd Ground Floor, 50 Colin St West Perth WA 6005

PO Box 216, West Perth, 6872 admin@drykirknessaudit.com.au drykirknessaudit/audit-assurance/

P: (08) 6326 2300 ABN: 61 112 942 373 RCA No: 289109

The directors of the Company are responsible for the preparation of the financial statements that gives a true and fair view in accordance with Australian Accounting Standards – AASB 1060: General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial statements that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial statements, 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 has no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are 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 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 these financial statements. As part of an audit in accordance with 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 statements, 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 statements 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.

Liability limited by a scheme approved under the Professional Standards Legislation

B U S IN E S S E VE N T S P E RT H A N N U A L RE P O RT 2 02 6

•

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, actions taken to eliminate threats or related safeguards.

DRY KIRKNESS (AUDIT) PTY LTD

Date: 14th September 2026 West Perth Western Australia

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

M A KIRKNESS Principal

4.0 ACKNOWLEDGEMENTS

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4.1 MAJOR STAKEHOLDERS AND MAJOR PARTNERS Business Events Perth acknowledges the Western Australian Government and Tourism Western Australia for their investment, strategic major stakeholder partnership and continued support of the State’s business events industry. We thank our Major Partners Crown Perth and Perth Convention and Exhibition Centre, and our Member Partners for their significant financial and in-kind contributions, product expertise and active participation in bids, site inspections, familiarisation programs, tradeshows, client events and industry initiatives. We acknowledge the City of Perth for their support of our famil programs in 2025 / 26, promoting the capital city and supporting the attraction of high-value events. We also acknowledge the material and funded support of Tourism Australia and

BUSINESS EV E N T S P ERTH ANNUAL REPORT 20 26

Business Events Australia, regional tourism organisations, the Western Australian Government’s trade network, airlines, universities, research institutions, local convenors, professional conference organisers and event owners for their collaboration throughout the year.

4.2 PLATINUM MEMBER PARTNERS Business Events Perth acknowledges and thanks our Platinum Member Partners for their valued support throughout 2025–26 and for the significant contribution they continue to make to Western Australia’s business events industry. Aloft by Marriott Perth Captain Cook Cruises Crown Perth DoubleTree by Hilton Perth Northbridge DoubleTree by Hilton Perth Waterfront Duxton Hotel Perth Encanta Encore Event Technologies Esplanade Hotel Fremantle - by Rydges Four Points by Sheraton Perth

ibis Perth Hotel InterContinental Perth City Centre Lux Events MCI Australia Mercure Perth Novotel Perth Langley Novotel Perth Murray Street Optus Stadium Pan Pacific Perth Parmelia Hilton Perth Perth Convention & Exhibition Centre Perth Expo Pinnacle Travel Group - WA QT Perth Rendezvous Hotel Perth Scarborough Residence on Langley Park Saltwater Busselton Singapore Airlines The Adnate Perth - Art Series The Association Specialists The Kingsman The Ritz-Carlton, Perth The Westin Perth

i nf o@be p e rt h.c om bus ine sseve nt sp erth . c o m © 2026, Busine ss E v en ts P erth , Al l ri g h ts rese r ve d. Fun d e d by t he Wes tern Au s tra l i a n G ov ern m e nt t h ro ugh To u r i s m West e rn Aust ra lia , i n d u s try a n d o u r m em b er pa r t ne r s a cro s s t h e S t a t e , B usine ss Eve nt s P erth h a s b een s ec u ri n g h i gh va l u e co nf e re n ce s a n d i nce nt ive group s fo r Wes tern Au s tra l i a fo r 5 5 ye a r s .

M AJOR STA KEH O L DER