Kinetiko Energy (KKO) Q2 2026 TU earnings summary

Executive summary

• No accidents or environmental incidents reported; over 3,750 person-hours worked safely.

• Sustained strong gas flows from test wells KA03PT06 and KA03PT10, totaling nearly 8 million cubic feet.

• Joint Development Agreement signed with FFS Refiners to co-develop a pilot LNG plant at Brakfontein.

• Trading commenced on the North American OTCQB Market under ticker KKOBF, enhancing investor access.

• Successful $3.15M share placement to accelerate Project Alpha and exploration activities.

Financial highlights

• Cash position at 31 December 2025: $2.353m, including $1.96m in cash and $393k in joint venture-related funds.

• No debt reported at quarter end.

• Net cash used in operating activities for the quarter: $(806)k; investing activities: $(579)k; financing activities: $3,039k.

• Estimated 1.68 quarters of funding available based on current cash and outgoings.

Outlook and guidance

• Phase 1a of Project Alpha to include drilling five new wells, upgrades, gas testing, and reserve certification.

• Future funding for subsequent phases contingent on successful completion of Phase 1a; may include third-party investment.

• Company expects to continue operations and meet objectives, with ability to access equity or debt markets if needed.