Rex (5WH) investor relations material

Financial performance

• 1H FY2026 revenue was US$62.75 million, versus US$154.29 million in 1H FY2025; sales came from crude oil and gas.

• Adjusted EBITDA was US$20.75 million in 1H FY2026, compared with US$67.49 million in 1H FY2025.

• Profit after tax was US$84.04 million in 1H FY2026, versus a US$29.65 million loss in 1H FY2025; EPS was 6.83 US cents / 8.73 SG cents.

• At 30 June 2026, cash and cash equivalents plus quoted investments totalled US$19.14 million; cash and cash equivalents were US$14.05 million.

• Net asset value per share was 2.28 US cents / 2.91 SG cents; cash per share was 1.41 US cents / 1.80 SG cents.

Portfolio changes and restructuring

• Lime Petroleum Holding and its subsidiaries were deconsolidated from the financial statements effective 10 April 2026, following loss of control of the LPH and LPA boards.

• Technical challenges in the 2025 Benin drilling programme delayed production and resulted in an event of default under LPH bond terms.

• LPH bonds are secured by share pledges, account charges and asset charges; full enforcement of share pledges could result in loss of interests in LPH subsidiaries.

• Continuing indirect interests include 100% of Jasmine Energy and 87.5% of Masirah Oil, operator of the producing Yumna Field; a 49.7% interest is held in listed Xer Tech Holding AB.

Oman development

• Drilling on the first of three Yumna Field wells began in October 2026; production was expected to start in November, with two further wells planned.

• Masirah Oil operates Block 50 and holds a 100% interest; its indirect ownership through Jasmine Energy is 87.5%.

• Yumna 2P reserves were 7.2 MMstb gross at 31 December 2025 and 4.31 MMstb attributable at 87.5% as of 5 February 2026.

• Approximately 3.5 billion barrels were identified as potential resources to be further explored across Block 50.

• The 2026 focus includes the three-well campaign, further drilling and production optimisation, and evaluating Block 50 exploration prospects.