Helium One Global (HE1) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of the board, advisors, and confirmation of quorum.

• Attendees were informed about the Q&A process and the meeting agenda.

• AGM held on 15th December 2025 in London, focusing on strategic resource development in an expanding helium market.

Financial performance review

• Reported a loss for the year of US $4.9m, including impairments of US $1.5m and exchange movements of (US $0.6m).

• Cash raises included US $8.2m in August 2024 and US $14.3m in July 2025 for Tanzania and US projects.

• Termination of an agreement in October 2025 resulted in a US $2.8m payment and a 12% termination fee.

• Share price reflected reactions to fundraising and project announcements.

• Next accounts expected to include revenue as production begins.

Board and executive committee updates

• Board comprises experienced professionals with backgrounds in oil, gas, finance, and operations, including a new CEO and CFO with significant African and global experience.

• Board members and advisors introduced; leadership changes not indicated.

• Acknowledgement of team efforts and leadership during challenging periods.