Overview

• Underlying net profit fell to US$1.24 billion, while reported profit declined 32% to US$1.32 billion.
• Operating revenue rose 10% to US$6.59 billion as production increased 11% to 99.2 million barrels of oil equivalent, supported by Sangomar.
• Results included a US$445 million restoration expense and a US$143 million impairment linked to the H2OK project exit.
• The board declared an interim dividend of US$0.53 per share, representing an 80% payout of underlying NPAT.
• Project execution advanced with Scarborough 86% complete toward first LNG in H2 2026, alongside new long-term LNG sales deals with Uniper and China Resources Gas.