• Delivering on strategy with 5th consecutive year of distributions totaling AUD 15.5 cents per share
• Focused on maximizing free cashflow and shareholder returns
• Investing in production growth across portfolio of long-life, low-cost assets in New Zealand, Australia, and Thailand

Horizon Oil Ltd presented at the RIU Good Oil & Gas Energy Conference, providing an overview of its business and strategy. The company highlighted that it is delivering on its strategy, with 5 consecutive years of distributions totaling AUD 15.5 cents per share. Horizon's FY25 financial results include EBITDAX of US$54.8M, cash of US$39.8M, and net cash of US$13.7M at year-end. Production and sales exceeded 1.6 MMboe, with operating cash flow of US$35.9M. The company remains focused on maximizing free cashflow and shareholder returns, with regular dividends and distributions a core priority. Horizon is investing in production growth across its portfolio of long-life, low-cost assets in New Zealand, Australia, and Thailand. This includes a 5-well workover/infill program at Block 22/12 in China, a 2-well development program at Mereenie in Australia, and workover activities at the Maari project in New Zealand. The company also recently acquired gas assets in Thailand, which add approximately 2,100 boepd to Horizon's production. Looking ahead, the company has a near-term focus on growth initiatives such as a liquid handling upgrade at Block 22/12, infill drilling at Mereenie, and optimization projects in Thailand. Horizon's management team is lean and focused, with strong in-country partnerships, and the company remains disciplined in its capital allocation and oversight.

Horizon Oil provided the following forward-looking financial guidance: FY25 production and sales exceeded 1.6 MMboe, with operating cash flow of US$35.9M. The company also declared a final dividend of AUD 1.5 cents per share to be paid in October 2025.

Horizon Oil is focused on maximizing free cashflow and shareholder returns, with regular dividends and distributions remaining a core priority. The company is investing in production growth across its portfolio of long-life, low-cost assets in New Zealand, Australia, and Thailand, including near-term growth initiatives such as a liquid handling upgrade at Block 22/12, infill drilling at Mereenie, and optimization projects in Thailand.