• Reported a 26% decrease in loss from ordinary activities after tax
• Raised additional capital through common stock issuances
• Continued progress on Beetaloo assets, including increased spending on unproved properties and assets under construction

Tamboran Resources Corporation released its quarterly and half-year financial report for the period ended December 31, 2025. The company reported a 26% decrease in loss from ordinary activities after tax, from $20.1 million in the prior year period to $14.8 million. This was driven by a reduction in various operating expenses, including exploration, LNG feasibility study, and the Checkerboard fee. Tamboran also raised additional capital through the issuance of common stock, with net proceeds of $13.1 million in the first half and $63.5 million in the second half of the reporting period. The company continued to invest in its Beetaloo assets, increasing spending on unproved properties from $342.3 million as of June 30, 2025 to $415.6 million as of December 31, 2025. Assets under construction for natural gas equipment also grew from $24.4 million to $47.8 million over the same period. Tamboran's financial position remained challenged, with recurring operational losses, negative cash flows, and a cumulative net deficit, raising substantial doubt about the company's ability to continue as a going concern.