Kinetiko Energy (KKO) Q3 2026 TU earnings summary

Executive summary

• Announced the Rolling Cluster Development Strategy (RCDS), a phased, capital-efficient plan to scale from initial CNG production to full-field LNG, targeting first gas revenues in Q2/Q3 2027.

• Continued progress on the Joint Development Agreement with FFS Refiners, supporting Phase 1a gas field development at Brakfontein.

• No accidents, injuries, or environmental incidents reported; over 1,417 person-hours worked safely.

Financial highlights

• Maintained a debt-free position with $1.375 million in available funds at 31 March 2026, including $1.08 million in cash.

• Net cash outflow from operating activities was $449k for the quarter; net cash outflow from investing activities was $451k.

• Received $146k from joint venture partner FFS Refiners during the quarter.

• Payments to related parties totaled $229k for the quarter.

Outlook and guidance

• Regulatory submissions to PASA and NERSA targeted for April-May 2026; equipment procurement and site works scheduled for May-December 2026.

• First commercial CNG delivery planned for Q2/Q3 2027.

• Company expects to continue operations and meet objectives, considering further funding options as needed.