AleAnna (ANNA) investor relations material

Executive summary

• Q3 revenue rose 83% YoY to $20.5M and 9M revenue rose 152% to $40.1M, driven primarily by Longanesi gas sales and higher realized prices.

• Q3 net income was $6.2M and 9M net income was $13.4M; Longanesi development continued and Gradizza entered active construction.

Financial highlights

• Q3 revenue was $20.5M vs. $10.2M in Q2 and $11.2M in Q3 2025; 9M revenue was $40.1M vs. $15.9M.

• Q3 net income was $6.2M vs. $5.3M in Q3 2025; 9M net income was $13.4M vs. $2.6M. Net income attributable to Class A stockholders was $3.8M in Q3 and $8.2M in 9M.

• Q3 operating income was $9.4M vs. $5.7M YoY; 9M operating income was $15.0M vs. $2.7M.

• Adjusted EBITDA was $12.2M in Q3 and $20.6M in 9M; Q3 was $12.2M vs. $4.1M in Q2 and $6.3M in Q3 2025.

• Operating expenses rose 102% YoY to $11.1M in Q3 and 90% to $25.0M in 9M; basic and diluted EPS was $0.09 in Q3 and $0.20 in 9M.

Outlook and guidance

• Existing cash and operating cash flows are expected to cover operating expenses and support growth for at least 12 months.

• Longanesi permanent processing facility completion is expected during the remainder of 2026 and into early 2027; the facilities are intended to support long-term development.

• Gradizza is progressing toward becoming the first wholly owned and operated producing asset; Trava production depends on future investment in production facilities.

• Longanesi capital needs are expected to be funded by cash on hand, operating cash flows and, if needed, financing arrangements.