NewMed Energy (NWMD) Status update summary

Production and reserves

• Leviathan natural gas reservoir holds 19.5 tcf 2P reserves and 43 mmbbl condensate, with 62.9 bcm gas and 5.0 mmbbl condensate produced to date.

• Current production capacity is 12 BCM/year, increasing to 14 BCM/year, with plans for 21+ BCM/year after expansion.

• Sales distribution includes Israel, Jordan, and Egypt, with annual sales rising from 7.3 BCM in 2020 to 11.4 BCM in 2024.

Financial performance and dividends

• EBITDA increased from $587M in 2020 to $1,144M in 2023, with $758.3M reported for Q1-Q3 2025.

• Dividends grew from $65M in 2020 to $250M in 2024, with $180M distributed in Q1-Q3 2025.

Expansion and development

• Final investment decision signed for Leviathan expansion, targeting capacity increase to 21+ BCM/year.

• Export infrastructure upgrades include new gathering lines and debottlenecking, raising total export capacity to 25.5 BCM/year, with Leviathan's share at 16.25 BCM/year.

• Aphrodite field, with 3.6 tcf 2C resources, is expected to produce 800 mmcf/d, targeting Egypt and regional export markets.