SANTOS LIMITED — Earnings Release 2023

Feb 20, 2024

Appendix 4E

Full year report

ASX listing rule 4.3A

Appendix 4E Financial year ended 31 December 2023

This information should be read in conjunction with Santos Limited’s 2023 Annual Report (which includes the 2023 Financial Report).

Name of Entity

SANTOS LIMITED

ABN or equivalent company reference

80 007 550 923

Results for Announcement to the Market[1]

Revenue/Profit				US$million
Revenue from ordinary activities2	Down	24%	to	5,889
Net profit from ordinary activities after tax attributable to
members2	Down	33%	to	1,416
Net profit for the period attributable to members2	Down	33%	to	1,416
Underlying profit for the period2,3	Down	42%	to	1,423

Dividends		Amount persecurity	Franked amountper security at30% tax
		US cents	US cents
Current financial year
2023 Interim Dividends Ordinary Securities2	Up 14%	8.7₵	-
2023 Final Dividends Ordinary securities2	Up 16%	17.5₵	-
Total		26.2₵	-
Previous corresponding financial year
2022 Interim Dividends Ordinary Securities		7.6₵	-
2022 Final Dividends Ordinary securities		15.1₵	-
Total		22.7₵	-

1 This report is based on audited accounts.

2 Comparisons are made to the financial year ended 31 December 2022.

3 Underlying profit is a non-IFRS measure that is presented to provide an understanding of the underlying performance of Santos’ operations. The measure excludes the impacts of asset acquisitions, disposals and impairments, as well as items that are subject to significant variability from one period to the next, including the effects of fair value adjustments. The nonIFRS financial information is unaudited, however the numbers have been extracted from the financial statements which have been subject to audit by the Company’s auditor. A reconciliation between net profit for the period and underlying profit is provided in the 2023 Annual Report.