Unaudited results for the period ended 30 June 2026

Genel Energy plc reported unaudited results for the period ended 30 June 2026, highlighting a significant strategic step with the proposed all-cash offer for Capricorn Energy, aimed at geographic diversification into Egypt. The company experienced a substantial decrease in working interest production to 6,600 bopd from 19,600 bopd in the prior year's first half, largely due to a precautionary suspension of operations amid regional hostilities, which also impacted revenue to $13.4 million from $35.8 million. Despite a negative EBITDAX of $4.2 million and a free cash outflow of $25.4 million, net cash remained at $108.1 million. The company is progressing plans for wells in Oman in 2027 and advancing preparations for an exploration well in Somaliland, while also working to resolve an $88 million overdue amount from the Kurdistan Regional Government.