KAROON ENERGY LTD — Earnings Release 2025

Feb 25, 2026

A P P E N D I X 4 E

A B N : 5 3 1 0 7 0 0 1 3 3 8

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Current reporting period: Year ended 31 December 2025 Previous corresponding period: Year ended 31 December 2024

RESULTS FOR ANNOUNCEMENT TO THE MARKET

		31 DECEMBER	31 DECEMBER
	CHANGE	2025	2024
	%	US$ MILLION	US$ MILLION
Revenue from ordinary activities	(19)	628.6	776.5
Net proft/(loss) from ordinary activities afer tax (NPAT)atributable to members	(2)	125.5	127.5
NPAT for the period atributable to members	(2)	125.5	127.5
Underlying net proft afer tax1	(50)	107.5	214.0

1. Underlying net profit after tax is a non-IFRS measures that is unaudited but derived from financial statements which have been subject to audit by the Company’s auditor. This measure has been presented to provide further insight into Karoon’s performance.

NET TANGIBLE ASSET BACKING

NET TANGIBLE ASSET BACKING
	31	DECEMBER	31	DECEMBER
		2025		2024
Net tangible asset backing per ordinary share		$1.38		$1.22

CONTROLLED ENTITIES ACQUIRED OR DISPOSED OF

No controlled entities were acquired or disposed of during the current or previous corresponding period.

DIVIDENDS

Directors resolved to pay a final dividend in relation to the year ended 31 December 2025.

		FRANKED
	AMOUNT PER	AMOUNT PER
	SECURITY	SECURITY
	AUD CENTS	30% TAX
2025 interim dividend (paid 29 September 2025)	2.4	–
2025 fnal dividend	3.1	3.1
Ex-dividend date for the fnal dividend		5 March 2026
Record date for determining elements to the fnal dividend		6 March 2026
Payment date for fnal dividend		31 March 2026