Australis Oil & Gas (ATS) investor relations material

Executive summary

• Entered two major transactions in late 2025: a development partnership with a US-listed oil & gas company and a sale of 90% of producing wellbores for $16.9M, enabling full debt repayment and a strong cash reserve at year-end.

• Retained key rights and upside in undeveloped TMS acreage, positioning for future value creation and growth with minimal shareholder dilution.

• Achieved operational safety with only one OSHA reportable incident and improved environmental performance, including reduced emissions and effective spill management.

Financial highlights

• Net loss of $24.9M for 2025 (2024: $8.3M loss), mainly due to $20.7M in non-cash impairment charges on producing and undeveloped assets.

• Revenue from oil sales was $13.9M, down 30% year-over-year due to an 18% decline in sales volumes and a 14% lower realized oil price.

• Adjusted EBITDA was $0.6M (2024: $2.5M), reflecting lower field netback and sales.

• Operating cash flow remained positive at $2.5M, supported by cost reductions and a $1M partner fee.

• Cash at year-end was $14.2M (2024: $6.2M), with all debt repaid.

Outlook and guidance

• Positioned for growth through the development partnership, with a $46M carry program for new wells and a 20% working interest.

• Focus on prudent management, maintaining a strong balance sheet, and leveraging the Area of Mutual Interest for future lease acquisitions.