• Continued production from Podere Maiar-1 gas field generating €1.4 million in operating cash.
• Lodgement of Environmental Impact Assessment for four-well drilling program.
• Strong realized gas prices of €0.48/scm.
• €8.76 million liquidity including €2.76 million cash and €6.0 million in short-term bonds.
• Extension of CEO Kevin Bailey's engagement for another year.

Po Valley Energy Ltd presented its Quarterly Activities Report for the period ending June 2026, highlighting continued safe and reliable production from the Podere Maiar-1 (PM-1) gas field, generating €1.4 million in operating cash. The company lodged an Environmental Impact Assessment with Italy's Ministry of Environment and Energy Security for a proposed four-well drilling program within the Selva Malvezzi Production Concession. Data processing of a recently completed 3D seismic survey continued, supporting optimal well placement and future field development planning. The company also reported strong realized gas prices of €0.48/scm, benefiting from supportive European gas market fundamentals. Financial highlights include €8.76 million in liquidity, comprising €2.76 million in cash and €6.0 million invested in short-term Italian Government bonds.

Net cash generated from production was €1.4 million for the quarter.

The company expects to focus on maintaining production, progressing regulatory reviews, and advancing engineering and procurement planning for the four-well development program.