Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — FY2025 Earnings Presentation
23 slides from Newmed Energy Limited Partnership's earnings presentation, Mar 16, 2026
Slide 1: Q4 & FY 2025 Financial Results Presentation
4 Q & FY 2025 Financial Results Presentation March 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, 5728-1
Slide 3: Key Highlights
3 Key Highlights ❑ 4th quarter 2025 average sales - 1,093MMcf/d (192Mboe/d) ❑ FY 2025 average sales - 1,063MMcf/d (187Mboe/d) ❑ Leviathan Operation Update ▪ Roaring Lion (Iran war) precautionary production suspension - Currently immaterial effect on earrings for 2026 ▪ 3rd GL completed successfully
Slide 4: Production Summary
4 Production Summary Israel Egypt Jordan Total 4Q / 2024 (BCM) 0.4 1.6 0.7 2.7 Average Price ($/mmbtu) 5.82 4Q / 2025 (BCM) 0.6 1.4 0.8 2.8 Average Price ($/mmbtu) 5.41 Israel Egypt Jordan Total FY 2024 (BCM) 1.5 7.0 2.7 11.2 Average Price ($/mmbtu) 6.12 FY 2025 (BCM) 1.8 6.2 2.9 10.9 Average Price
Slide 5: Stable Realized Prices
0. 20. 40. 60. 80. 100. 120. 140. Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Stable Realized Prices Jul-22 Aug-22 Sep-22 Brent end of
Slide 6: Key 4th Quarter Financial Metrics
6 Key 4 th Quarter Financial Metrics ($mm) Sales EBITDA Net Profit 277 264 254 191 181 170 120 102 17 4Q 23 4Q 24 4Q 25 4Q 23 4Q 24 4Q 25 4Q 23 4Q 24 4Q 25 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 7: 4th Quarter Change in Net Profit
7 4 th Quarter Change in Net Profit ($mm) 119.5 9.2 6.7 0.8 -16.2 -88.5 16.9 -14.7 Price per mmbtu Condensate Sales Operating Expense Net profit Q4/2025 Net profit Q4/2024 Sales Quantities Net Financeial Expense Discontiued Operation
Slide 8: Key FY Financial Metrics
8 Key FY Financial Metrics ($mm) Sales EBITDA Net Profit 1,136 1,094 1,013 785 759 684 525 434 343 2023 2024 2025 2023 2024 2025 2023 2024 2025 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 9: FY Change in Net Profit
9 FY Change in Net Profit ($mm) 524.6 -85.5 3.3 -24.3 -10.0 35.1 343 -15.0 -85.2 Price per mmbtu Condensate Sales Operating Expense Discontiued Operation Net Profit 2024 Sales Quantities Net Financeial Expense Tax expense Net Profit 2025
Slide 10: 3rd GL Project
10 Zone I may be 3rd GL Project modified ❑ 3rd Gathering Line Project completed successfully, first gas achieved on Feb 25, 2026 ❑ Total spend was c. $480mm, reflecting a $90mm saving with respect to approved budget of c. $570mm ❑ Production capacity of 14bcm/y. ❑ Production system’s performance wil
Slide 11: Leviathan Expansion
11 Leviathan Expansion ❑ Three new wells ❑ Sub -sea infrastructure Capex budget c. $2.4 B (100% Leviathan) ❑ 2 new processing trains on the Platform Production capacity 1.4 bcf/d (14 bcm/y) 2.1 bcf/d (21 bcm/y) * Numbers for 100% Leviathan
Slide 12: Leviathan Expected Production
12 Leviathan Expected Production 1 Egypt 2 Jordan3 Israel 4 Poduction Capacity 22 20 18 16 14 12 10 8 6 4 2 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 1. 2020-2025 Actual Sales ; 2. Yellow: Egypt ACQ, light yellow: Egypt spot ;3. Jordan
Slide 13: Regional Connectivity
13 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 capac
Slide 14: Aphrodite Project Update
14 Zone I may be modified Aphrodite Project Update ❑ FEED commence d for the production systems and transmission infrastructure with a budget of c. $105.7million (100%; NewMed's share – c. $31.7 million). ❑ Negotiations with the Egyptian government toward the signing of LOI for : ▪ Host Government A
Slide 15: Upstream Exploration Activities
15 Upstream Exploration Activities ❑ The Vinekh-1 exploration well has reached its final depth and encountered insignificant shows of natural gas. ❑ The Krum-1 well targets different geological units: ▪ Expected to reach targets ’ depth in the coming weeks Krum* Pg (%) Tcf D 32 3.9 C/L 22 1.9 C/U 16
Slide 16: P&L Summary ($mm)
16 For the period ended on 4Q / 2024 2024 4Q / 2025 2025 Revenues From natural gas and condensate sales 264.2 1,136.3 254.4 1,012.7 Net of royalties 37.5 163.2 36.3 146.1 Revenues, net 226.7 973.1 218.1 866.6 P&L Summary ($mm) Expenses and costs : Cost of production of natural gas and condensate 40.
Slide 17: Balance Sheet Summary ($mm)
17 31.12.2024 31.12.2025 Assets: Current assets: Cash and cash equivalents 51.2 107.7 Short-term deposits 333.3 49.8 Trade receivables 209.6 181.5 Trade and other receivables 140.0 125.3 Income tax receivables - 3.9 Balance Sheet Non-current assets: 734.1 468.2 Investments in a company accounted for
Slide 18: Net Financial Debt ($mm)
18 Net Financial Debt ($mm) ❑ Net Debt of $ 1,234mm ❑ Strong balance sheet with low leverage 1,527 entering a new investment cycle 1,241 1,234 ❑ Undrown Banks credit facilities in the amount of $600 * mm available for corporates needs 23-Dec 24-Dec 25-Dec Net Debt calculated as financial liabilities
Slide 19: Dividends
19 Dividends ❑ The partnership has declared a $ 70mm profit distribution to unitholdersdeclared for the 4th quarter of 2025 ❑ Stable quarterly share-holders return through cash Dividends Dividend Distributions * ($’mm) 250 250 250 210 210 2021 2022 2023 2024 2025 * Including latest declared Dividend
Slide 20: Thank You Gabi !
20 Thank You Gabi !
Slide 21: Thank You
Thank You NewMed Energy - IR Tel. +972 9 971 2421 IR@newmedenergy.com
Slide 22: Appendix
22 Appendix
Slide 23: Leviathan Bond Sponsor Financial Data Report
23 PERIOD ENDED 31.12.2025 ITEM QUANTITY/ACTUAL AMOUNT (IN USD$ ,000 ) Leviathan Bond Sponsor Total Offtake (BCM) 10.9 Financial Data Report Leviathan Revenues (100%) Loss Proceeds, if any, paid to Revenue Account 2,233,627 - Sponsor Deposits, if any, into Revenue Account 174,500 Gross Revenues (bef
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