Kistos (KIST) Corporate presentation summary

Operational performance and growth

• Achieved Balder Future first oil, driving Balder area production above 11,000 boepd in September 2025.

• FY25 production reached 9,000 boepd, at the top end of guidance, with a pro forma exit rate of 22,700 boepd including Oman interests.

• Entered Oman with binding agreements for interests in Block 9 and Blocks 3 & 4, expected to double production at low cost.

• Major organic growth through FID on Balder Phase VI and investment to increase UK gas storage capacity by 63%.

• Strong operational improvements in the Netherlands and UK, with cost efficiency and reliability initiatives.

Financial highlights

• Cash and near-cash position of $199 million at year-end 2025, including $28 million of near-cash.

• Adjusted debt of $81 million and outstanding bond debt of $280 million.

• Over $110 million of capex invested during the year, mainly in the Balder Area.

• 2P reserves including Oman at 51.7 mmboe and 2C resources at 100.5 mmboe.

Strategic initiatives and acquisitions

• Completed five transactions in five years, expanding into the Netherlands, UK, Norway, and Oman.

• Focused on acquiring undervalued assets with upside, deploying capital efficiently, and building empowered local teams.

• Over $400 million invested since inception, extending asset life and supporting UK energy security.

• Committed $25 million by 2027 to increase UK gas storage capacity.