Reabold Resources (RBD) investor relations material

Executive summary

• Raised £4.3 million in H1 2026, including significant investment from US strategic investors and directors, to fund the West Newton project and other initiatives.

• Completed the first stage of LNEnergy disposal to Beacon Energy, securing shares and a €16 million earn-out, with full exit expected in Q4 2026.

• Progressed regulatory and operational steps for West Newton A-2 well recompletion, targeting Q4 2026 for key activities.

• Announced an all-share offer for Union Jack Oil plc, valuing it at £6.14 million, with the offer document published in July 2026.

Financial highlights

• Loss attributable to shareholders for H1 2026 was £1.0 million, improved from £1.4 million loss in H1 2025, mainly due to a £0.6 million gain on LNEnergy sale.

• Administrative expenses rose to £1.3 million (H1 2025: £1.2 million), driven by fundraising and corporate actions.

• Cash and cash equivalents increased to £4.0 million at 30 June 2026 (31 Dec 2025: £2.1 million).

• Equity attributable to shareholders rose to £34.5 million (31 Dec 2025: £31.6 million).

• Net cash used in operating activities was £1.5 million; investing outflow was £0.9 million; overall cash inflow for H1 2026 was £1.9 million.

Outlook and guidance

• Recompletion of West Newton A-2 well scheduled for Q4 2026, with extended well test and potential early production.

• Full disposal of LNEnergy and receipt of contingent consideration expected upon production concession in Q4 2026.

• Additional capital may be accessed via warrants issued in the H1 2026 fundraise, contingent on successful well recompletion.

• Ongoing feasibility study for co-locating power generation and data centre assets at West Newton.