Kinetiko Energy (KKO) H2 2026 earnings summary

Executive summary

• FY2026 marked the shift from gas exploration toward staged field development, following two Brakfontein wells with sustained gas flows above the assessed commercial threshold.�

• The Rolling Cluster Development Strategy starts with a modular CNG facility and phases toward hybrid CNG/LNG and full-field LNG production.�

• The Phase 1 Field Development Plan was adopted after year-end; permitting applications began, with first commercial gas targeted for late 2027.�

Financial highlights

• FY2026 loss after tax was $4.616m, versus $5.542m in FY2025; total income was $124,152 versus $211,456.�

• Exploration and evaluation expenditure expensed was $2.479m, down from $3.362m YoY; total expenses were $4.739m versus $5.654m.�

• Net cash used in operating activities was $4.246m; cash and cash equivalents closed at $478,634, versus $1.885m at FY2025 year-end.�

Outlook and guidance

• FY2027 priorities: progress Bulk Sampling Permit and Production Right applications, build and commission Phase 1 CNG facilities, drill the Phase 2 Key Well, and advance reserve certification.�

• First commercial gas is targeted for late 2027; the ~6 Tcf gross 2C contingent resource is targeted for conversion into certified reserves and revenue.�

• July 2026 firm commitments for a ~$5.4m placement are intended to fund Phase 1 CNG development, drilling, permitting, leadership recruitment and working capital.�