Quantum Helium (QHE) H2 2026 earnings summary

Executive summary

• Transitioned from Mosman Oil and Gas Limited to Quantum Helium Limited, focusing on helium and oil in Colorado, USA.

• Increased working interest in Sagebrush Project to 90%, completed 3D seismic, and began Extended Production Test (EPT) at Sagebrush-1.

• EPT confirmed helium-bearing gas (~2.5%) and commercial oil in the Leadville Formation, expanding revenue opportunities.

• Strengthened financial position with £2.17m raised in Oct 2025 and £5m institutional placing in Apr 2026.

• Strategic focus now on Colorado portfolio, with Sagebrush and Coyote Wash as core assets.

Financial highlights

• Revenue increased to $725K (2025: $504K), driven by oil production and favorable pricing.

• Net loss reduced to $3.42m (2025: $10.32m), reflecting lower impairment charges.

• Cash at year-end: $10.54m; cash balance as of 9 Sep 2026: $8.48m.

• Gross profit: $(1.06)m (2025: $281K); basic and diluted loss per share from continuing operations: 1.035 cents (2025: 3.9 cents).

• Significant capital raised: $13.29m net from share issues.

Outlook and guidance

• Plans to complete Sagebrush engineering and reservoir optimization in the next quarter.

• Continued permitting and planning for additional Colorado prospects and evaluation of further acreage.

• Focus on commercializing Sagebrush helium and expanding oil production.

• Long-term goal: develop into a multi-field Colorado helium and oil business, with disciplined growth and selective acquisitions.