Results Centre

“We delivered a strong operational and financial performance in 2025 in line with guidance and another year of zero Lost Time Incidents. Free cash flow generation enabled the continued execution of our strategy as we balanced investments in production enhancing projects with $50 million of dividends. Kurdistan pipeline exports restarted in September 2025, representing a significant milestone for the Company and broader industry.

We started 2026 positively, with production increasing above 44,000 bopd towards the end of February and consistent export payments generating cash flow. We have also been making good progress towards a return to international prices, with lower discounts to Brent visible in 2025 export invoices.

Since the outbreak of the regional conflict, we have shut-in the Shaikan Field as a precaution and taken measures to protect staff. We have also suspended 2026 guidance until production restarts. We are hopeful that the security situation will stabilise soon and we are ready to quickly restart production and exports once it is safe to do so. We are in a strong position to navigate the disruptions, with a robust, debt-free balance sheet and significant flexibility to reduce expenditures.

Following careful consideration of these factors and the current outlook, the Board has approved the declaration of a $12.5 million interim dividend. I would like to thank all of GKP’s staff, shareholders and broader stakeholder base for their continued support at this challenging time.”

19 March 2026