Hemisphere Energy (HME) Corporate presentation summary

Strategic focus and operational highlights

• Emphasizes disciplined growth, reliable returns, and maximizing per-share value through Canadian oil assets with low production decline and enhanced oil recovery via polymer floods.

• Maintains a strong, debt-free balance sheet, building cash and generating free cash flow for shareholder returns.

• Q1 2026 production reached approximately 3,800 boe/d (99% heavy oil) from 54 producing wells, with a market capitalization of $256.5 million as of April 2026.

Financial performance and guidance

• 2025 revenue was $93.9 million, with EBITDAX of $50.1 million and adjusted funds flow (AFF) of $42.9 million.

• Free funds flow (FFF) for 2025 was $26.6 million, with working capital of $8.6 million at year-end.

• 2026 guidance targets 3,900 boe/d production, AFF between $28–$51 million, and FFF between $16–$39 million, depending on oil prices.

• Capital expenditures for 2026 are set at $12 million, with flexibility to adjust based on market conditions.

Asset base and reserves

• Holds long-life reserves with a 2025 year-end proved plus probable (2P) reserve of 15.2 MMboe and NPV10 before tax of $316 million.

• Reserve life index is 8.9 years for proved and 11.4 years for 2P reserves.

• Atlee Buffalo, Alberta, is the core asset, producing over 90% of output and developed with polymer flood technology.