Capricorn Energy (CNE) AGM 2026 presentation summary

Key achievements and operational performance

• Consistent production maintained through effective reservoir management and drilling.

• Significant reduction in receivables and debt, improving liquidity and enabling self-funded capital expenditure.

• Strict cost control maintained since the 2023 restructure.

Strategic milestones and growth initiatives

• Merged concession agreement in the Western Desert consolidates eight concessions, simplifying operations and improving fiscal terms.

• Enhanced economic benefits include improved cost recovery, profit share, and gas pricing, boosting free cash flow and asset longevity.

• Access to adjacent development and exploration areas supports organic growth and reserves expansion.

• Rapid execution post-ratification aims to drive sustainable shareholder returns.

Financial resilience and shareholder returns

• Debt-free status and improved liquidity support disciplined capital allocation and consistent shareholder returns.

• Conservative balance sheet and self-funding business model underpin financial resilience.