Slide 1: FY26 full year results
FY26 full year results 18 AUGUST 2026 Proudly part of the Australian Made Campaign
Slide 2: Disclaimer
Disclaimer This document contains summary information about Amplitude Energy and its activities as at the date of this document and should The estimates of petroleum reserves, prospective and contingent resources contained in this presentation are at 30 June 2026. not be considered to be comprehensi
Slide 3: Executive summary
Executive summary Amplitude Energy’s strategy to maximise asset utilisation is on track Record FY26 operational and financial metrics, with strong start to Gippsland Basin production in FY27 Increase in contracted sales, plus gas marketing & trading value add, provided resilient revenue base and hig
Slide 4: FY26 highlights
FY26 highlights Record production and financial metrics 27.6 PJe $285.8m $10.36/GJ GROUP PRODUCTION SALES REVENUE AVERAGE REALISED NEW RECORD +3% NEW RECORD +7% GAS PRICE +5% NEW RECORD 75.5 TJe/DAY $191.8m $191.0m ECSP progress UNDERLYING EBITDAX1 ADJUSTED CASH JULIET DRILLING IMMINENT NEW RECORD +
Slide 5: FY26 in review
#1 FY26 in review >
Slide 6: Health, safety, environment and community performance
Health, safety, environment and community performance Results ahead of industry benchmarks through disciplined operations Health & Safety FY25 FY26 Safety performance well ahead of industry benchmarks1 Hours worked 297,854 506,436 Over 2.5 years without a lost time injury Lost time injuries (LTI) 0
Slide 7: Orbost production continues to increase
Orbost production continues to increase New records set at Orbost Gas Processing Plant (OGPP), with sustained production above previous nameplate capacity OGPP average daily production rate, TJ/day Select OGPP operational KPIs Nameplate capacity now increased to >70 TJ/d +65% Number of absorber clea
Slide 8: Otway & Cooper Basins
Otway & Cooper Basins Otway Basin natural decline partially offset by return of Casino-4 well in H2 FY26 Otway & Cooper Basin net production, TJe/d1 Otway Basin \ Athena Gas Plant (AGP) Otway Basin Cooper Basin Excellent AGP reliability performance over FY26 2.3 Casino-4 well brought back into produ
Slide 9: Reserves & Resources at 30 June 2026
Reserves & Resources at 30 June 20261 Sole reservoir continues to perform strongly Change in 2P Reserves FY25-26, PJe Change in 2C Resources FY25-26, PJe Annual movement in 2P Reserves explained by FY26 production 15.6 310.7 No material reserves revisions2 295.2 Upward net revision to total 2C Con
Slide 10: Exposure to higher gas contract prices
Exposure to higher gas contract prices Amplitude Energy has a strong revenue base supported by fixed-price, CPI-indexed gas sales contracts with major energy retailers Gas contract stack, existing reserves only1 Contracted Price PJ/annum ($/GJ)2 30 20 Excludes any volumes from East Coast Supply Proj
Slide 11: Continuous improvement programme
Continuous improvement programme A further $13.4m of annualised cashflow improvement realised in FY26, with further cost improvement focus into FY27 FY26 success FY27 targets & example focus areas 70 initiatives completed or in delivery in FY26 Accelerate production, where economic to do so Co
Slide 12: Transformative growth through backfilling existing infrastructure
Transformative growth through backfilling existing infrastructure Pursuing brownfield growth projects with the potential to more than double earnings by FY291 Otway Basin \ Athena Gas Plant (AGP) Amplitude Energy Illustrative Group Earnings Potential Backfilling AGP Significant further upside throug
Slide 13: Drivers of future gas demand
Drivers of future gas demand Global gas demand growth is being driven by electrification, data centre (DC) roll-outs and coal-to-gas switching Forecast global DC power investment, US$bn1 Forecast Australian DC electricity demand, TWh3 OECD Electricity production by fuel, Twh4 40 As A.I. adoption gat
Slide 14: FY26 financial highlights
#2 FY26 financial highlights
Slide 15: Proven performance & cash generation, prior to transformational growth
Proven performance & cash generation, prior to transformational growth Increased production and operational leverage has generated substantial margin expansion Production, PJe Production expenses1, $ per GJ produced 27.6 $3.97 26.6 $2.80 $2.60 $2.33 22.7 $2.07 21.8 20.3 FY22 FY23 FY24 FY25 FY26 FY22
Slide 16: Record production & financial metrics
Record production & financial metrics Higher production and gas prices, combined with lower production expenses, are driving earnings, margin growth and cash generation $m unless indicated FY25 FY26 Change Record production driven by OGPP/Sole Production (PJe) 26.6 27.6 ▲ 3% Towards top end of inc
Slide 17: Record u-EBITDAX - bridge from FY25
Record u-EBITDAX - bridge from FY25 Record underlying earnings driven by greater gas sales volumes, higher realised prices and ongoing cost reductions $ million A$ million Increased sales volumes and average realised gas prices 8.6 8.7 11.7 11.7 (4.9) (6.2) (5.2) (5.2) Reduced crude oil production f
Slide 18: Group cash - bridge from FY25 to FY26
Group cash - bridge from FY25 to FY26 Strong operating cash flows, more than covering capex over FY26 $ million 2.3 (10.7) (9.9) (130.0) 143.7 (117.1) 198.6 (1.0) 242.5 (0.6) 137.5 62.2 Operating Other 180.3 (105.0) Cash and cash Operations Restoration PRRT Interest Cash after Capex Payments Proceed
Slide 19: Growth projects
#3 Growth projects >
Slide 20: Transformative near-term brownfield growth
Transformative near-term brownfield growth Backfilling existing infrastructure can deliver growth in equity production of around 60%+ by 20281 FY26, equity share Illustrative 2028 potential ˜75 TJ/day2 120+ TJ/day3 ~80 75 75 + Patricia Baleen restart 68 Available for + Sole debottlenecking peak prod
Slide 21: ECSP on track for first gas in 2028
ECSP on track for first gas in 20281 Annie + Artisan deliver strong project economics with exploration upside still to come Project economics underpinned by Annie + Artisan1 discovered resources Potential upside from the Juliet well, and optional Nestor well later in 20262, to further improve projec
Slide 22: Juliet exploration drilling imminent
Juliet exploration drilling imminent Geophysical elements support Juliet’s prospectivity (84% Pg1) Strong Conformable amplitude shut-off at top Waarre C reservoir A B Belfast Mudstone geophysical 2100m response Clear flat spot at 2,300m TVDSS, implying gas-water contact (GWC) TVDSS2 2200m Structure
Slide 23: ECSP spend profile
ECSP spend profile Carefully managed phasing of spend and associated risks Illustrative ECSP spend profile (net to AEL)1, $m Drilling & well completions comprise ~70% of ECSP capex over 300 FY27 Cost estimates remain consistent ECSP drilling phase will complete before end CY2026 with previous disclo
Slide 24: Progressing Patricia Baleen restart in Gippsland Basin
Progressing Patricia Baleen restart in Gippsland Basin The Patricia Baleen restart project is a unique, low-cost opportunity to unlock supply flexibility for the east coast market while adding value to Amplitude Energy’s existing portfolio Gippsland Basin infrastructure overview Wholly-owned existin
Slide 25: FY27 outlook
#4 FY27 outlook >
Slide 26: FY27 guidance
FY27 guidance Focus on higher gas production, cost efficiencies and cash generation while ECSP drilling is undertaken FY27 production: 26.6 – 28.5 PJe FY27 production expenses: $58 – 64m3 FY27 capex: $250 – 310m3 64 SIB and other 28.5 projects 27.6 58 26.6 26.6 ECSP 22.7 61.1 59.2 62.1 development 5
Slide 27: FY27 focus areas
FY27 focus areas Complete drilling safely, on time and budget Progress ECSP FID for the development phase of the project Maintain project timeline for first gas in CY2028 Optimise OGPP production, including at >70 TJ/day when market conditions are favourable Maximise asset utilisation Reliability lo
Slide 28: Additional materials
Appendix A Additional materials 28
Slide 29: Gas meets 25% of Australia's energy demand
Gas meets 25% of Australia’s energy demand1 “We cannot turn off Australia’s gas without significant adverse impacts on Australians and our region.” Future Gas Strategy, Department of Infrastructure, Science and Resources, May 2024 Gas demand in Southern States2, 2025 Power generation Industrial 16%
Slide 30: Increasing role of gas in the electricity market
Increasing role of gas in the electricity market1 Gas is already proving its critical role in firming the national electricity grid; its role will become more important as coal retires. NEM electricity supply2 by type (average ~45% renewables in CY2025), MW Coal Gas Battery (Discharging) Hydro Wind
Slide 31: New gas supply in southeastern states required to meet local demand
New gas supply in southeastern states required to meet local demand Domestic gas is the cheapest and lowest emissions option to meet local demand Australian Southern States contracted gas prices, A$/GJ Australian Southern States supply and demand balance4, PJ 5 Low High JKM equivalent in recent mont
Slide 32: Strong progress on sustainability metrics
Strong progress on sustainability metrics Scope 1: Reduce greenhouse gas emissions from Scope 2: Integrate renewable energy to support Other sustainability metrics flaring by 40% by FY30 from FY23 baseline AEL operations by FY30 from FY23 baseline1 FY26 Scope 1 and Scope 2 emissions offset2 36%
Slide 33: Otway Basin prospective resource targets
Otway Basin prospective resource targets Otway Basin, Top Waarre Formation Prospective Resource Summary1 Low (P90) Best (P50) Mean High (P10) AEL Prospect Permit Pg4 equity (%) Gross2 Net3 Gross2 Net3 Gross2 Net3 Gross2 Net3 Heera VIC/L24 50 35.2 17.6 75.1 37.6 86.1 43.1 153.1 76.6 63% Pecten East V
Slide 34: Additional financial information
Appendix B Additional financial information 34
Slide 35: Significant capacity within debt facilities
Significant capacity within debt facilities Reserve-based loan (RBL) provides financing flexibility and liquidity as the company enters its next leg of growth Bank facilities overview Liquidity overview as at 30 June 2026 Senior, secured RBL $ million Facility limit of $480mm September 2029 maturity
Slide 36: Reconciliations
Reconciliations Reconciliation To Underlying EBITDAX Reconciliation To Underlying Profit $mm FY25 FY26 $mm FY25 FY26 Underlying net profit after tax1 9.1 45.0 Statutory net profit/(loss) after income tax (41.3) (27.2) Adjusted for: Adjusted for: Net finance costs 25.7 16.2 Exploration and evaluation
Slide 37: Decommissioning provisions summary
Decommissioning provisions summary Limited decommissioning exposure in production today and where work is expected beyond 5 years Major items for next 5 years (~16% of the total restoration provision) Beyond next five years (~84% of the total decommissioning provision) Patricia Baleen wells Minerva
Slide 38: Abbreviations
Abbreviations $ Australian dollars Amplitude Energy or AEL or Company Amplitude Energy Limited ABN 93 096 170 295 AGP Athena Gas Plant ASX Australian Securities Exchange bbl Barrels Bcf Billion cubic feet of gas boe Barrel of oil equivalent CHN Casino, Henry and Netherby fields ECSP East Coast Suppl