• Sangomar field achieved an average daily production rate of 99 Mbbl/d with 99.3% reliability
• FAR received a provisional 2025 Contingent Payment of US$23.7 million from Woodside
• A capital return of 35 cents per share was paid to shareholders
• Cash at quarter end was US$1.97 million (unaudited)

FAR Limited (ASX: FAR) reported its quarterly activities for the quarter ended 30 June 2026. Key highlights include the Sangomar field achieving an average daily production rate of 99 Mbbl/d with a reliability of 99.3%, as reported by Woodside Energy in its Second Quarter Report. FAR received a provisional 2025 Contingent Payment of US$23.7 million from Woodside. The company also paid a capital return of 35 cents per share, returning approximately A$32.3 million to shareholders on 11 June 2026. The Australian Taxation Office issued a Class Ruling confirming that the capital return will not be assessable as a dividend. FAR had US$1.97 million of cash at the end of the quarter, with total expenditure of US$0.05 million during the quarter.

FAR Ltd expects to receive a total Contingent Payment of up to US$55 million.

FAR Ltd expects Sangomar field performance to continue exceeding expectations and is in ongoing engagements for potential Phase 2 development.