Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — NewMed Energy — Q1 2026 Earnings Presentation
18 slides from Newmed Energy Limited Partnership's earnings presentation, May 19, 2026
Slide 1: 1Q 2026 Financial Results Presentation
1Q 2026 Financial Results Presentation May 2026
Slide 2: Disclaimer
2 Disclaimer This presentation was prepared by NewMed Energy Limited Partnership (the "Partnership") based on information included in the immediate and periodic reports filed by the Partnership with the Israel Securities Authority and the Tel Aviv Stock Exchange Ltd. under the Securities Law, 5728 -
Slide 3: Key Highlights
3 Key Highlights ❑ 1st. quarter gas sales – 741MMcf/d (130 Mboe/d),1.9BCM ; Production suspended for 33 days due to Operation Roaring Lion ❑ 1st. quarter earnings - $97mm EBITDA / $0.1mm Net profit $74mm net profit excluding Bulgaria write off ❑ Robust Pricing Environment – FY 2026 Revenue forecast
Slide 4: Production Summary
4 Production Summary Israel Egypt Jordan Total 1Q / 2025 (BCM) 0.4 1.7 0.8 2.9 Average Price ($/mmbtu) 5.85 1Q / 2026 (BCM) 0.2 1.1 0.6 1.9 Average Price ($/mmbtu) 5.19 * Production Summary for Leviathan 100%
Slide 5: Price Environment
5 Price Environment ❑ 2026 revenue forecast as included in the 2P DCF published was calculated, among other things, based on 2026 Brent average price of $63, and accordingly the revenue forecast for this year amounted to c. $ 2.55 B. ❑ According to the same calculation, based on Jan -April actual sa
Slide 6: Leviathan Operations
6 Leviathan Operations ❑ 3rd Gathering Line project finalized and operational . Maximum gas production capacity is 1.53bcf/d (c. 15.8bcm/y) ❑ Total budget updated to c. $480mm, reflecting a $90mm saving with respect to approved budget of c. $570mm ❑ Phase 1B Expansion Project : ❑ First Steel Cut ach
Slide 7: Regional Connectivity
7 Regional Connectivity 1 INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity of EMG – 850mmcf/d – 3Q 2026 ▪ Leviathan capacity : 650mmcf/d Leviathan Connecting pipeline to Jordan transmission system 2 FAJR + compression – Additional 400 mmcf/d – 2H 2026 Cyprus LPP ▪ Leviathan capaci
Slide 8: Aphrodite
8 Aphrodite ❑ MOU for the sale of the full quantities of Natural Gas that can be produced from the Aphrodite Reservoir, between Aphrodite holders and the Cyprus Hydrocarbons Company ("CHC") and the Egyptian National Gas Company (“EGAS) ❑ At the same time, a Host Government Agreement ("HGA")in connec
Slide 9: Bulgaria – Han-Asparuh
9 Bulgaria – Han -Asparuh ❑ Vinekh and Krum exploration campaign- robust sands and gas signs encountered but neither are commercial ❑ Partners looking into possible path forward activities in the license
Slide 10: Key 1st Quarter Financial Metrics
10 Key 1st Quarter Financial Metrics ($mm) Sales EBITDA Net Profit 288 263 201 179 164 121 116 97 0.1 1Q 24 1Q 25 1Q 26 1Q 24 1Q 25 1Q 26 1Q 24 1Q 25 1Q 26 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 11: P&L Summary ($mm)
11 P&L Summary ($mm) For the period 1-3/2026 1-3/2025 2025 Revenues From natural gas and condensate sales 163.9 287.6 1,012.7 Net of royalties 22.9 42.0 146.1 Revenues, net 141.0 245.6 866.6 Expenses and costs : Cost of production of natural gas and condensate 32.7 37.8 149.7 Depreciation, depletion
Slide 12: 1st Quarter Change in Net Profit
12 1st Quarter Change in Net Profit ($mm) 116.4 -26.8 5.1 17.3 40.3 -75.6 -2.2 -74.4 0.1 Price per mmbtu Condensate sales Tax expense Bulgaria Write Off Net profit 1Q/25 Change in Quantities Net Financeial Expense Operation Expense Net profit 1Q/26
Slide 13: Net Financial Debt ($ 'B)
13 Net Financial Debt ($ ’B) ❑ Net Debt of $ 1,212mm 1,527 ❑ Strong balance sheet with low leverage entering a new investment cycle ❑ Undrown Banks credit facilities in the 1,241 1,234 1,212 amount of $600 * mm available for corporates needs 23-Dec 24-Dec 25-Dec 26-Mar * Leviathan Bond Debt as of Ma
Slide 14: Balance Sheet Summary ($mm)
14 31.12.2025 31.03.2025 31.03.2026 Assets: Current assets: Cash and cash equivalents 107.7 99.7 147.2 Short-term deposits 49.8 337.7 66.2 Trade receivables 181.5 226.2 106.9 Trade and other receivables 125.3 124.6 115.2 Income tax receivables 3.9 - 17.7 468.2 788.2 453.2 Balance Sheet Non-current a
Slide 15: Dividends
15 Dividends ❑ $60mm profit distribution for the quarter ❑ Committed to delivering share -holders returns through dividend distributions. Dividend Distributions 100 70 65 65 60 60 60 60 60 60 60 60 50 50 50 50 50 50 50 50 50 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2021 2021 20
Slide 16: Thank You
Thank You NewMed Energy - IR Tel. +972 9 971 2421 IR@newmedenergy.com
Slide 17: Appendix
17 Appendix
Slide 18: Leviathan Bond Sponsor Financial Data Report
18 QUARTER ENDED 31.03.2026 QUANTITY/ACTUAL Leviathan Bond Sponsor AMOUNT (IN USD$ ,000 ) Total Offtake (BCM) 1.9 Financial Data Report Leviathan Revenues (100%) 361,422 Loss Proceeds, if any, paid to Revenue Account - Sponsor Deposits, if any, into Revenue Account - Gross Revenues (before Royalties