Geo Energy Resources Limited - Annual Report 2025

Year ended 31 December 2025 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME See accompanying notes to the financial statements. Group Note 2025 US$ 2024 US$ Revenue 31 562,663,546 401,898,621 Cost of sales (476,969,486) (349,253,685) Gross profit 85,694,060 52,644,936 Other income 32 6,502,838 35,767,698 Gain on bargain purchase 41 - 5,880,647 Share of results of associates 12 652,661 1,966,077 General and administrative expenses (24,464,353) (22,202,004) Other expenses 33 (4,956,909) (13,518,468) Finance costs 34 (14,282,524) (17,388,864) Profit before income tax 49,145,773 43,150,022 Income tax expense 35 (21,624,641) (5,890,241) Profit for the year 36 27,521,132 37,259,781 Other comprehensive income: Item that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations 30 (167,362) (1,364,155) Item that will not be reclassified subsequently to profit or loss: Net remeasurement of defined benefit obligations 30 15,127 (33,066) Other comprehensive loss for the year, net of tax (152,235) (1,397,221) Total comprehensive income for the year 27,368,897 35,862,560 Profit attributable to: Owners of the Company 27,381,915 37,140,044 Non-controlling interests 139,217 119,737 27,521,132 37,259,781 Total comprehensive income attributable to: Owners of the Company 27,229,311 35,741,046 Non-controlling interests 139,586 121,514 27,368,897 35,862,560 Earnings per share: 38 Basic (cents) 1.93 2.65 Diluted (cents) 1.91 2.59 53 GEO ENERGY | ANNUAL REPORT 2025

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