Kistos Holdings Plc · LSE:KIST
Kistos — Investor Presentation (January 2026)
12 slides from Kistos's investor presentation, January 2026
Slide 1: Corporate Presentation January 2026
Corporate Presentation January 2026 1
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation and its enclosures and appendices (the “presentation”) have been prepared by Kistos plc (the “Company”) exclusively for information purposes. This presentation has not been reviewed or registered with any public authority. This presentation is confidential and
Slide 3: Key highlights
FY25 highlights Key highlights Successfully delivering against our targets for another year of growth Operational Financial Balder Future First Oil FY25 production: 9,000 Cash incl. near cash of Successful start-up of Jotun FPSO and boepd $199 million1 Balder Future wells drove Balder area 2025 prod
Slide 4: Kistos overview
Who we are Kistos overview A high-growth, agile integrated energy company Led by an experienced management team, Kistos focuses on unlocking potential in assets, leveraging our expertise and technical capability to invest in and enhance their value. The company has built a reputation as a trusted pa
Slide 5: Strategy and track record
Our Strategy Strategy and track record Consistent delivery matching our stated strategy Kistos has a strong track record of deploying capital Five Transactions in five years to enhance and extend the life of strategic assets: MAY JUL APR >$400 million of capital investment since 2021 2022 2023 Nethe
Slide 6: Balder Area
Norway Balder Area Ghost Converting resources into reserves King/Prince Ringhorne Balder Phase VI East (to be sanctioned in 2025) King area development Prince Completed up-dip Balder future Ringhorne Jotun FPSO First Oil (2025): Major milestone achieved with all subsea production wells phases Platfo
Slide 7: Greater Laggan Area
United Kingdom Greater Laggan Area Strong operational performance in 2025 Victory – Extending life and reducing Unit OPEX Third-party Victory field (Shell, 100%) start-up achieved September 2025, tied back to Shetland Gas Plant and producing alongside our existing fields Higher throughput will resul
Slide 8: The Netherlands
The Netherlands The Netherlands Minimal impact, renewably powered platform Performance impacted by extended P15 turnaround (98 days vs 35 planned), driven by scope growth and contractor delays during critical maintenance Strong operational improvement post-July restart (97% H2 operating efficiency),
Slide 9: Hill Top and Hole House
United Kingdom Hill Top and Hole House Increasing working capacity at Hole House Gas movements elevated in the first part of the year, followed by a quieter summer with Strong and reliable execution capability low volatility and reduced volumes Overall performance remains in line with expectations,
Slide 10: Blocks 3 & 4 and Block 9
Oman Blocks 3 & 4 and Block 9 Block 9 Doubling FY25 production at a low cost UAE Muscat Transformational acquisition Kistos entered Oman through the acquisition of a 5% working interest in Block 9 and a 20% working interest in Blocks 3 & 4 for US$148 million. Highly attractive deal structure, with a
Slide 11: Growth and development
Our outlook Growth and development Production outlook1 Focussing on organic growth alongside 19 – 21 kboepd value-accretive M&A (2026 Guidance) 2026 2026 priorities Integrate Oman Advance Balder 2027 acquisition development Expected additional 9,000–10,000 Continued Delivery of Balder Phase 2028 boe
Slide 12: Kistos plc
Kistos plc 2nd Floor 3 St James’s Square London SW1Y 4JUA United Kingdom 12