• Payment of final FY25 Dividend > Cumulative distributions paid over the past 5 years now exceed A$250 million
• Production and sales volumes increased 18% and 17% respectively, reflecting first full quarter of Thailand production
• Signed binding LOI with Northern Territory's Power and Water Corporation to supply uncontracted Mereenie gas through to end 2034

Horizon Oil reported a strong quarter, highlighted by the first full quarter of production from its Thailand assets which helped drive production growth of almost 18%, building on the 37% increase in the previous quarter. Thailand contributed meaningfully to the quarter, with both Sinphuhorm and Nam Phong performing above nominations, while production across Horizon's legacy assets in China, New Zealand and the Northern Territory remained consistent with plan. These outcomes, combined with continued strong cashflow generation, enabled the company to maintain its disciplined focus on shareholder returns, including payment of the final FY25 dividend of AUD 1.5 cents per share whilst also repaying debt during the quarter. Horizon also signed a binding letter of intent (LOI) with Power and Water Corporation in the Northern Territory for the firm supply of uncontracted Mereenie gas until the end of 2034, which further demonstrates the critical role of Mereenie in supporting the NT's energy needs. The LOI also accelerates and helps to underwrite the drilling of two additional infill wells being planned for later in the year. Significant resources were also applied by the Block 22/12 joint venture towards maturing a possible further significant phase of development of the WZ12-8E field.