Annual Report 2025

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2025 has been a transformational year for Hamak Strategy Limited (the “Company” or “Group” as applicable). We started the year as Hamak Gold, focused on just the Nimba gold project in Liberia, and finished the year as Hamak Strategy, with a new Board, a new management team and a strengthened balance sheet to support the expansion of our gold exploration portfolio and our innovative treasury policy which includes investments in Bitcoin and, in early 2026,physical gold. We are delighted that our Advisory Board now includes Dr. Arthur Laffer, Brittany Kaizer, Tim Franks and Steven Poulton giving us access to expertise in finance, economics, blockchain, crypto and natural resources. I know that they will provide invaluable advice to the Board as we seek to execute our innovative growth strategy.