Synergia Energy Limited (AIM: SYN) Audited Annual Report for Year Ended 30 June 2025

Synergia Energy Limited (“Synergia” or the “Company”), is pleased to announce that it has released its Audited Annual Report for the year ended 30 June 2025 (the “Annual Report”).

A full version of the Annual Report can be viewed at:

http://www.rns-pdf.londonstockexchange.com/rns/2355C_1-2025-10-6.pdf

The Annual Report is also available on the Company’s website at:

https://www.synergiaenergy.com/investors/financial-reports

Information regarding the Company’s forthcoming Annual General Meeting will be announced in due course.

Strategic and Operational Highlights

·      Farmed out 50% of Cambay PSC (“Cambay Farm-Out”) to Antelopus Selan Energy Limited, formerly Selan Exploration Technology Limited (Government of India approval received 19 July 2024).

·      Continued progress on Medway Hub Camelot CCS Project in the UK; project split into two phases to reduce risk and cost, with initial CO₂ injection targeted for 2030/2031.

·      Advanced the Cambay CCS Scheme in India, including submission of a Pilot Project proposal and funding request to the DGH and Ministry of Petroleum and Natural Gas.

·      No unsecured borrowings at year-end; all prior debt extinguished through repayments and equity conversions.

Capital and Corporate Developments

·      Raised A$2.77 million via equity placements in November 2024 and February 2025.

·      Issued capital increased to 15.57 billion shares; 4.02 billion unlisted options outstanding.

·      CFO transition: Colin Judd retired in November 2024; Andrew Darbyshire appointed CFO and Executive Director.

Financial Highlights

·      Net profit after tax of A$4.99 million (FY 2024: loss of A$2.80 million), driven by A$8.38 million gain on 50% Cambay Farm-Out in July 2024.

·      Revenue from gas and oil sales of A$292,179 (FY 2024: A$638,457); reflects reduced production share post Cambay Farm-Out.

·      Cash at bank of A$1.21 million (30 June 2024: A$1.07 million).

·      Net assets increased to A$18.95 million (30 June 2024: A$9.96 million).

·      Remaining Cambay PSC assets and liabilities reclassified as “held for sale” at 30 June 2025, following Heads of Terms signed on 4 July 2025 for proposed sale of remaining 50% interest.

·      Operating cash outflow of A$3.91 million; investing inflow of A$2.46 million (including Cambay Farm-Out proceeds); financing inflow of A$1.65 million.

·      Earnings per share of 0.04 cents per share (FY 2024: loss per share of 0.03 cents per share).

·      The auditor’s report includes a material uncertainty related to going concern, reflecting the Group’s reliance on the proposed Cambay PSC sale and short-term funding options, including deferred payables, to meet operational commitments.

FY 2026 Outlook

·      Heads of Terms signed 4 July 2025 for proposed sale of remaining 50% interest in Cambay PSC for US$14 million, with initial payment received in August 2025.

·      Completion of proposed sale remains a key priority, with remaining tranches subject to Sale and Purchase Agreement execution and Government of India approval.

·      Post-sale, Synergia intends to reset its strategy to focus on CCS development and explore new opportunities aligned with shareholder value creation.

·      The Board intends to return a portion of sale proceeds to shareholders, subject to regulatory and shareholder approvals.

Authorisation for Release

This announcement is authorised for release by the Board of Synergia Energy Ltd.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”) and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.

For and on behalf of Synergia Energy Limited

Roland Wessel

CEO

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