Newmed Energy Limited Partnership · TASE:NWMD
Newmed Energy Limited Partnership — NewMed Energy — Q2 2026 Earnings Presentation
18 slides from Newmed Energy Limited Partnership's earnings presentation, Aug 13, 2026
Slide 1: 2Q 2026 Financial Results Presentation
2Q 2026 Financial Results Presentation August 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 ❑ 2nd. quarter gas sales – 1,051MMcf/d (185 Mboe/d),2.7 BCM ❑ 2nd. quarter earnings - $207.9mm EBITDA / $117. 8mm Net profit ❑ Pricing Environment – 16.3% increase in realized price for quarter YoY ❑ Leviathan – Robust sales ; Phase 1B expansion 23% completed ❑ Cyprus Aphrodite – pr
Slide 4: Production Summary
4 Production Summary Israel Egypt Jordan Total 2Q / 2025 (BCM) 0.2 1.3 0.5 2.0 Average Price ($/mmbtu) 5.63 2Q / 2026 (BCM) 0.3 1.7 0.7 2.7 Average Price ($/mmbtu) 6.55 * Production Summary for Leviathan 100%
Slide 5: Price Environment
0. 80. 60. 40. 20. 100. 140. 120. Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Price Environment Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec
Slide 6: Leviathan
6 Leviathan ❑ 3rd Gathering Line project finalized and operational . Maximum gas production capacity is 1.53bcf/d (c. 15.8bcm/y) ❑ Phase 1B Expansion Project : ❑ Drilling rig contracted for 3 additional production wells ❑ REM and Subsea equipment procurement and production progressing ❑ Project stat
Slide 7: Regional Connectivity
7 Regional Connectivity 1 INGL Ashdod-Ashkelon, EMG pipeline Debottleneck using Full capacity of EMG – 850mmcf/d – 3Q 2026 ▪ Leviathan capacity : 650mmcf/d – Completed Leviathan Connecting pipeline to Jordan transmission system 2 FAJR + compression – Additional 400 mmcf/d – 2H 2026 Cyprus LPP ▪ Levi
Slide 8: Aphrodite
8 Aphrodite ❑ MOU signed for the sale of the full quantities of Natural Gas that can be produced from the Aphrodite Reservoir, between Aphrodite partners and the Cyprus Hydrocarbons Company ("CHC") and the Egyptian National Gas Company (“EGAS) ❑ Legal Framework to allow Midstream connectivity to Egy
Slide 9: Key 2nd Quarter Financial Metrics
9 Key 2 nd Quarter Financial Metrics ($mm) Sales EBITDA Net Profit 295 293 204.9 207.9 192 137 125.9 117.8 81.2 2Q 24 2Q 25 2Q 26 2Q 24 2Q 25 2Q 26 2Q 24 2Q 25 2Q 26 EBITDA calculated as Operating profit + Deprecation and Amortization
Slide 10: P&L Summary ($mm)
10 P&L Summary ($mm) For the period 4-6/2026 4-6/2025 2025 Revenues From natural gas and condensate sales 293.2 191.7 1,012.7 Net of royalties 43.1 27.7 146.1 Revenues, net 250.1 164.0 866.6 Expenses and costs : Cost of production of natural gas and condensate 40.2 29.0 149.7 Depreciation, depletion
Slide 11: 2nd Quarter Change in Net Profit
11 2 nd Quarter Change in Net Profit ($mm) 58.8 2.1 -26.3 7.7 117.8 6.8 25.2 -27.2 -10.5 81.2 Price Condensate Sales Operating Expense Other Income Net profit 2Q/2026 Net profit 2Q/2025 Sales Quantities Net Financial Expense Tax Expense Discontinued Operation
Slide 12: Net Financial Debt ($mm)
12 Net Financial Debt ($ ’mm) ❑ Net Debt of $ 1,393mm 1,527 ❑ Strong balance sheet with low leverage entering a new investment cycle 1,393 ❑ Undrawn Banks credit facilities in the 1,241 1,234 amount of $550 mm available for corporate needs ❑ Consideration of a Potential Bond Issuance on TASE Dec 23
Slide 13: Balance Sheet Summary ($mm)
13 31.12.2025 30.06.2025 30.06.2026 Assets: Current assets: Cash and cash equivalents 107.7 380.7 52.5 Short-term deposits 49.8 7.7 111.3 Trade receivables 181.5 146.5 242.4 Trade and other receivables 125.3 103.0 98.0 Income tax receivables 3.9 - 6.9 468.2 637.9 511.1 Balance Sheet Non-current asse
Slide 14: Dividends
14 Dividends ❑ $60mm profit distribution for the quarter ❑ Committed to delivering share -holders returns through dividend distributions. Dividend Distributions 100 70 65 65 60 60 60 60 60 60 60 60 60 50 50 50 50 50 50 50 50 50 * Including latest declared Dividend and past tax balancing distribution
Slide 15: Exploration Activity
15 Exploration Activity Leviathan + Zone I - Seismic Surveys ❑ 3D seismic survey in Leviathan ❑ 2D+3D seismic survey of Zone I ▪ Designed to improve imaging of the gas ▪ Operated by SOCAR In partnership with BP and field and deeper targets, in support of NewMed Energy. future development and explora
Slide 16: Thank You
Thank You NewMed Energy - IR Tel. +972 9 971 2421 IR@newmedenergy.com
Slide 17: Appendix
17 Appendix
Slide 18: Leviathan Bond Sponsor Financial Data Report
18 QUARTER ENDED 30.06.2026 QUANTITY/ACTUAL AMOUNT (IN USD$ ,000 ) Leviathan Bond Sponsor Total Offtake (BCM) Leviathan Revenues (100%) 2.7 646,823 Financial Data Report Loss Proceeds, if any, paid to Revenue Account - Sponsor Deposits, if any, into Revenue Account 25,000 Gross Revenues (before Roya