• Record quarterly and annual production
• Strong average realised gas price
• Record revenue

Amplitude Energy finished FY25 on a strong note, recording record production, spot gas sales and revenue in the June quarter. Group production of over 77 terajoules-equivalent per day in June was well above the target set 12 months ago. The Orbost Gas Processing Plant (OGPP) produced at nameplate capacity in June and continued its strong performance into July. Progress on the East Coast Supply Project continues, with preparations for the first well at Elanora and Isabella well underway. Detailed planning and engineering for the ECSP continued, with multiple contracts awarded during the quarter to progress with drilling for the three well programme. The Company's Athena Supply Project environment plan was also accepted, allowing the commencement of the Equinox's rig activities for the JV. Amplitude Energy commenced a marketing campaign with potential gas customers regarding foundation contracts for the ECSP on behalf of the Offshore Otway Basin joint venture partners. The Company also progressed engineering and economic assessments of the potential to commercialise the Patricia Baleen field in the Gippsland Basin. Total Q4 FY25 gas and liquids volumes sold averaged 76.9 TJe/day, 16% higher than the previous quarter. The Company achieved an average realised gas price of $10.11/GJ in Q4 FY25, 1% lower than the previous quarter but 10% higher than the corresponding quarter in FY24. Q4 FY25 incurred capital expenditure was $8.0 million, the majority of which was spent on progressing the ECSP. As at 30 June 2025, Amplitude Energy had cash reserves of $62.4 million, with drawn debt at $305.2 million.

Total FY25 production of 26.64 PJe, or 73 TJe/d, representing the upper end of FY25 production guidance and 17% higher than FY24.

Subject to exploration success, Amplitude Energy and O.G. Energy intend to proceed to a final investment decision to undertake the development phase of the ECSP in H1 CY2026. The ECSP is targeting to backfill the Athena Gas Plant with up to 90 TJ/day of gross gas supply in 2028, subject to receipt of regulatory approvals.