• Otto Energy Ltd. reported a cash balance of US$23.2 million at the end of Q2 2026.
• Net operating cash inflow for Q2 2026 was US$2.2 million, up from US$1.6 million in Q1 2026.
• Average WTI oil price for Q2 2026 was US$95.31/bbl, a 42% increase from Q1 2026.

Otto Energy Ltd. reported its quarterly activity report for the three months ended 30 June 2026. The company's cash balance at quarter-end was US$23.2 million with zero debt. Net operating cash inflow for the June quarter was US$2.2 million, up from US$1.6 million in the March quarter. Sales receipts were US$1.5 million higher than the prior quarter, offset by the annual prepayment of US$1.0 million for 2026/27 operational insurance premiums. Oil production was nine percent higher than the previous quarter, and gas production declined by seven percent. The company also entered into a currency forward exchange rate contract to convert US$10 million to AUD at a forward rate of AUD/USD 0.7162 expiring on 31 August 2026.

Otto Energy Ltd. expects to add over US$8 million to its cash position over fiscal year 2026.

Otto Energy Ltd. expects the volatility in oil prices to continue as a political settlement to the conflict in the Strait of Hormuz appears tenuous. The company also expects natural gas to be structurally weaker in the medium term until the expected increase in demand for power materializes.