Navigator Global Investments (NGI.AX)

Research evidence excerpt

Navigator Global Investments (NGI.AX)

g access to detailed financial statement histories, forecasts and ratios. It can be used for

in-depth analysis of a single company, or to make comparisons between companies in different sectors and markets.

Disclosures

The rating(s) for Navigator Global Investments is/are relative to the other companies in its/their coverage universe: ARB Corp., Amotiv Ltd.,

Bapcor Ltd., Catapult, Chrysos Corp., Codan, Collins Food Ltd., Cuscal, Data#3 Ltd., Dicker Data Ltd., Domino’s Pizza Enterprises, Duratec, Guzman y

Gomez, IDP Education Ltd., Imdex, Inghams Group, Life360 Inc., Navigator Global Investments, PWR Holdings, Pinnacle Investment Management, SRG

Global, Service Stream, Supply Network Ltd., Ventia

Company-specific regulatory disclosures

The following disclosures relate to relationships between The Goldman Sachs Group, Inc. (with its affiliates, “Goldman Sachs”) and companies covered

by Goldman Sachs Global Investment Research and referred to in this research.

Goldman Sachs had a non-investment banking securities-related services client relationship during the past 12 months with: Navigator Global

Investments (A$2.36)

Goldman Sachs had a non-securities services client relationship during the past 12 months with: Navigator Global Investments (A$2.36)

Distribution of ratings/investment banking relationships

Goldman Sachs Investment Research global Equity coverage universe

Rating Distribution Investment Banking Relationships

Buy Hold Sell Buy Hold Sell

Global 50% 34% 16% 65% 59% 43%

As of July 1, 2026, Goldman Sachs Global Investment Research had investment ratings on 3,104 equity securities. Goldman Sachs assigns stocks as Buys

and Sells on various regional Investment Lists; stocks not so assigned are deemed Neutral.