FY26 Fourth Quarter Activities Report

• Quarterly production of 4.9 MMboe; FY26 full year production of 19.4 MMboe
• Record 18 months recordable-injury free, no Tier 1 or 2 process safety events in Q4
• VIC/L35 sale to Amplitude Energy and O.G. Otway for $70 million upfront and $3.75/GJ royalty
• Quarterly revenue of $400 million, FY26 sales revenue of $1.8 billion
• Available liquidity of $983 million, net gearing of 10.6%

Beach Energy Ltd's FY26 Q4 report highlights quarterly production of 4.9 MMboe, full-year production of 19.4 MMboe, and a record 18 months without recordable injuries. Safety performance was strong, with no Tier 1 or 2 process safety events in Q4. The company sold its 60% operated interest in VIC/L35, including the Artisan discovery, to Amplitude Energy and O.G. Otway for $70 million upfront and a $3.75/GJ royalty. Quarterly sales volumes were 4.8 MMboe, generating $400 million in revenue, and FY26 sales revenue was $1.8 billion. The sale of VIC/L35 is expected to close in Q1 FY27, pending regulatory approvals. Available liquidity was $983 million, and net gearing was 10.6%.

FY26 full year production of 19.4 MMboe, FY26 sales revenue of $1.8 billion

Beach Energy Ltd is focused on building its resource base and prioritizing higher-return opportunities, with upcoming campaigns in the Western Flank, Perth Basin, Otway nearshore, and Taroom Trough.