Kinetiko Energy (KKO) H2 2025 earnings summary

Executive summary

• Achieved a technical milestone with record gas flows from production test wells, notably 1,600 Mscfd at Brakfontein, over three times previous bests, due to optimized drilling protocols and expert collaboration.

• Advanced partnerships, including a term sheet with FFS Refiners for a pilot LNG plant, and continued engagement with the Industrial Development Corporation of South Africa for large-scale LNG development.

• Renewed key exploration rights and expanded environmental and technical studies, positioning for pilot-scale gas production and further resource certification.

Financial highlights

• Reported a net loss of $5,542,251 for FY2025, compared to $5,232,581 in FY2024.

• Total income was $211,456, down from $358,224 year-over-year.

• Cash and cash equivalents at year-end were $1,885,237, a decrease from $7,211,726 at the prior year-end.

• Capitalised exploration and evaluation assets increased to $69,455,234 from $66,446,657.

• Shareholder equity stood at $71,898,792 at 30 June 2025.

Outlook and guidance

• Focus for FY2026 is on accelerating production test well programs, engaging multiple rigs, and progressing toward pilot-scale gas production.

• Anticipates converting large contingent resources into certified reserves and expanding exploration rights.