Media Library images are not shown if transformed to WebP

Problem/Motivation

Blob image derivatives do not appear within the div for the media entity if Drupal is configured to show WebP images in the Media Library. This is likely due to a bug related to file name transformation & Drupal being unable to identify the original image.

Steps to reproduce

When I visit a node & upload an image Blob, the derivative image does not appear within the div for the media entity if Drupal is configured to show WebP images in the Media Library.

Proposed resolution

Update the file name transformation code so the original image can be properly identified so the WebP image can be generated, if that indeed is the root issue.