Announcement PDF BURU ENERGY LIMITED TABLE OF CONTENTS Page | 1 Interim Financial Report For the six months ended 30 June 2026 Buru Energy Limited ABN 71 130 651 437 BURU ENERGY LIMITED TABLE OF CONTENTS Page | 2 DIRECTORS’ REPORT....................................................................................................................................................................... 3 AUDITOR’S INDEPENDENCE DECLARATION ................................................................................................................................16 CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION.....................................................................................17 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME OR LOSS ..........................................................18 CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY .....................................................................................19 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS..................................................................................................20 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS .............................................................................. 21 DIRECTORS’ DECLARATION...........................................................................................................................................................30 INDEPENDENT REVIEW REPORT.................................................................................................................................................. 31 CORPORATE DIRECTORY.............................................................................................................................................................. 33 BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 Page | 3 The Directors present their report together with the condensed consolidated interim financial statements of the Group comprising Buru Energy Limited (“Buru”, “Buru Energy” or “the Company”) and its subsidiaries for the six-month period ended 30 June 2026 and the auditor’s independent review report thereon. Directors The Directors of the Company in office at any time during or since the end of the period are as follows: - Mr David Maxwell – Executive Chair - Ms Joanne Williams – Executive Director - Mr Malcolm King – Non-Executive Director Principal Activities The principal activity of the Group during the period was oil and gas exploration and appraisal in the Canning Basin, in the northwest of Western Australia. Further information is included in the Review of Operations. Review of Operations Buru holds a significant portfolio of material oil and gas assets within the onshore Canning Basin. These assets include near term development, production restart, appraisal and exploration opportunities. Figure 1 – Buru Canning Basin Assets BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 4 Rafael Gas Project Development (EP 428 – Buru Energy 100% interest) Buru is working with Clean Energy Fuels Australia (CEFA) (part of the Octa Group) to develop the Rafael gas resource. During the reporting period, Buru continued with activities in relation to engineering, commercial and marketing studies to advance the Rafael Gas Project. The engineering design for the Rafael LNG Plant is based on delivering three high value product streams for supply to existing markets in the greater Kimberley region in northern Western Australia. Figure 2 - Rafael Gas Project Small Scale LNG Process Scheme LNG The Buru LNG marketing strategy is focussed on supplying the greater Kimberley market for power generation, minerals processing and mining operations. At present four of the five main Kimberley electricity demand centres (Broome, Derby, Camballin/Looma, Fitzroy Crossing and Halls Creek) are fuelled by LNG which is trucked from Karratha. Liquids (including diesel) and LPG During the reporting period the Company commenced Liquids and LPG market studies. The studies are key input to identifying and implementing the optimum marketing strategy for Rafael liquids, including diesel and LPG. The Kimberley market for diesel and LPG is significantly larger than the volumes planned to be produced by the Rafael Gas Project. Diesel is consumed in many sectors in the Kimberley region including for power generation in more than 100 remote communities. Pricing for diesel is typically linked to posted prices. The posted Broome Terminal Gate Price is a marker for imported diesel to which can be added the lower transport distance benefits and any other mark ups. LPG is typically imported from Kwinana and Darwin by road. LPG prices are generally unregulated and set by suppliers based on international benchmarks (e.g. the Saudi Aramco Contract Price) and marked up for freight and remote logistics. Traditional Owner Negotiations During the reporting period, the Company progressed the negotiations with the Traditional Owners for agreements on the Rafael Gas Project. Buru is aiming to finalise agreement with the Traditional Owners by December 2026. Environmental Approvals Buru has continued the studies and documentation drafting for the Rafael Gas Project Referral for submission to the Environmental Protection Authority Western Australia (EPA). This is the primary environmental approval document required to underpin a Final Investment Decision. The Company is on track to submit the final Referral document to the EPA in the next few months. Separate secondary approvals are required for commencement of construction and operations. BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 5 Rafael Subsurface Activities Planning work continued during the reporting period on the 2027 Rafael drilling program which is designed to drill, complete and flow test the wells ready for future production. The Rafael development plan is based on 2 production wells delivering up to 14 TJ/day of gas to produce up to 300 tonnes / day of LNG with associated condensate liquids. Figure 3 - Indicative Well Illustrations for Rafael 1 and Rafael 2H BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 6 Rafael Funding In order to fund the 2027 Rafael drilling program, the Company is seeking financial partners through a structured engagement with international debt providers, other companies and institutional investors, managed in coordination with our financial advisor Carlingford UK, a division GFI Securities, part of the BGC Group. The timeline is to have funding in place to support the planned 2027 Rafael drilling program. The Company is continuing engagement with several interested parties currently completing commercial and technical due diligence on the Rafael Gas Project opportunity. Rafael Project Timeline The Rafael Gas Project timeline is illustrated in figure 4 below. Figure 4 – Rafael Project Timeline BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 7 Flying Fox Exploration Prospect (Within EP 428 – Buru 100% and Operator) The Flying Fox prospect was identified following work on the interpretation of the Rafael 3D Seismic acquired in 2023. The Flying Fox prospect lies immediately beneath the main Rafael gas and condensate field at a depth of approximately 4,015m TVDSS1 . The Flying Fox prospect has been assessed to contain Prospective Resources2 between 60 Bscf and 614 Bscf of gas, with a best estimate (P50) volume of 247 Bscf, and between 1.2 MMstb and 12.6 MMstb of condensate with a best estimate (P50) of 5.0 MMstb. This is similar in size to the Contingent Resources3 assessed for the primary Rafael reservoir interval which forms the basis for the Rafael Gas Project. The Flying Fox prospect can be tested by drilling an incremental ~500 meters below the Rafael gas accumulation at the Rafael 2H target location. The Company is currently evaluating the potential to include an evaluation of the Flying Fox prospect via a cost-effective deepening of the Rafael 2 well being planned for 2027. Chance of Success Condensate (MMstb) Gas (Bscf) (COS) 1U 2U 3U 1U 2U 3U Gross Prospective Resources 45 1.2 5.0 12.6 60 247 614 Net Prospective Resources 45 1.1 4.6 11.3 57 226 551 Figure 5 – Flying Fox Prospective Resources3 Cautionary Statement: Prospective Resources are estimated quantities of petroleum that may be potentially recovered by the application of a future development project and relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially recoverable hydrocarbons. Figure 6 – Flying Fox Prospective location below main Rafael structure 1 True Vertical Depth Subsea 2 Refer to the ASX release of 14 August 2025 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed 3 Refer to the ASX release of 26 July 2024 for full definitions and disclosures. Buru is not aware of any new information or data that materially affects this assessment and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 8 Ungani Oilfield and Production Facility (L 20 & L 21 - Buru Energy 100%) The Ungani Oilfield and Production Facility remained in care and maintenance during the reporting period. Buru is currently reviewing options which may enable the restart of operations. The recent activities in the Middle East have exposed the fragility of the Australian domestic liquid fuel supply chains, in response to global fuel supply shocks and domestic pressures, the Western Australian State Government established a 20 million litre strategic diesel stockpile that is 100% state-owned. This backup supply is designed to be directed rapidly to vulnerable regions, remote communities, and critical industries (such as agriculture, mining, and transport) if acute shortages occur. The initiative began with an initial 4 million litres of diesel secured and stored in Wyndham to support the Kimberley region. Buru is currently undertaking feasibility studies which may involve the development and installation of a micro-refinery to process Ungani crude oil with a key sales product being diesel, which could then be readily supplied to the greater Kimberley region. Figure 7 – Ungani Production Facility Figure 8: Location of Ungani oilfield BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 9 Mars Exploration Prospect (L 20/L 21 – Buru 100%) Buru has been in negotiations with third parties on a farmout for the Mars oil prospect located approximately 9km north of the Ungani Production Facility (UPF) and in the same licence area. Mars is a high-potential, exploration target that, upon success, could be developed via a tie-in to the existing Ungani infrastructure with minimal additional capital expenditure. Figure 9 – Mars Exploration Prospect proximity to UPF Mars exploration success would provide a material growth and long-term backfill to the Ungani production profile and significantly improve the economics of an integrated operation. Utilising the existing processing and storage capacity at Ungani, a discovery at Mars represents a low-risk, high-reward pathway to generating near-term cash flow which is further enhanced if a micro-refinery is established. Mars is a large fault-bounded anticlinal closure up-dip from the interpreted oil pay in the Ungani North 1 well that is confidently defined on high-quality modern 3D seismic data. The prospect was initially identified on the Ungani 3D seismic, with the structure confirmed on the reprocessed Ungani 3D pre-stack depth migration volume in 2019. Ungani North 1 confirmed excellent reservoir quality within the Reeves Formation sandstones with 17% porosity measured from sidewall cores at 1,765m. Strong oil shows in several sidewall cores recovered from sands of the Reeves Formation at Ungani North 1 provides confidence of oil charge into the Mars structure. Buru’s internal assessment indicates a chance of success of 40% for a Mars 1 well4 . BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 10 Figure 10 – Section A-A’ from Ungani Far West 1 (UFW1) to Mars Prospect 4 Further details on the Mars prospect can be found in the ASX announcement released on 17 June 2024, and can be accessed here: https://buruenergy.com/announcements/6385907 BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 11 Yulleroo Gas Field Appraisal (Within EP 391 & EP 436 - Buru 100%) Yulleroo is a large unconventional discovered gas resource and remains a key part of Buru’s long-term strategy. It is a world-class accumulation of gas and high-value liquids within the Carboniferous-aged Laurel Formation. The outlook for onshore unconventional gas in the Canning Basin has reached a significant stage following the Western Australia Environmental Protection Authority’s (EPA) January 2026 recommendation for approval of the Valhalla Gas Exploration and Appraisal Program. The EPA’s conclusion - that the environmental risks associated with hydraulic fracture stimulation can be strictly managed through rigorous, science-based conditions - reinforces Buru’s long-held position that these resources can be developed safely. The Yulleroo accumulation is defined by four wells - all intersecting thick gas saturated sections with gas below closure mapped on 3D seismic and Yulleroo 4 deliberately drilled outside closure. There is also a potential conventional pay in Yulleroo 3. The Yulleroo 2 well was tested in 2010 (3 zones) and produced rates up to 1.8 mmcfd and high condensate content. Figure 11 – Drilling Yulleroo 3 BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 12 Yulleroo is relatively close to the Dampier to Bunbury pipeline and therefore capable of: • supplying main Western Australia demand centres; and/or • being backfill for major offshore LNG assets. The development of the Yulleroo gas resources would help secure Western Australian’s energy future by meeting near-term domestic gas requirements whilst also providing the firming fuel required to support renewable energy delivery. The size of, and potential value of Yulleroo is a significant material asset in the Buru portfolio. Figure 12 - Western Australia main pipeline infrastructure BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 13 Figure 13 - Depth Structure Map of the near top Lower Laurel Carbonates Contingent Resources5 1C 2C 3C Unlimited Recoverable Sales Gas (PJ) 321.4 714.0 1,627.0 Unlimited Recoverable Associated Liquids (MMbbls) 9.5 24.9 47.6 Prospective Resources5 Low Best High Sales Gas (PJ) 124.6 302.8 611.0 Associated Liquids (MMbbls) 4.3 11.9 24.8 Figure 14 – Yulleroo Contingent and Prospective Resources5 5 Contingent Resource and Prospective Resource assessment (completed by RISC Advisory Pty Ltd) has been prepared using the probabilistic method and an evaluation date of 1 December 2017. Contingent Resources are quantities of petroleum estimates as of a given date to be potentially recoverable from known accumulations by application of development project(s) but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingent Resources are a class of discovered recoverable resources. Prospective Resources are estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) that relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. The full resource statement is set out in accordance with ASX Listing Rules in Buru’s ASX release of 18 January 2018. Buru Energy is not aware of any new information or data that materially affects the information included in the 18 January 2018 release and all material assumptions and technical parameters underpinning the estimates in that release continue to apply and have not materially changed. BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 14 Remaining Acreage Position L 6, L 8, L 17, EP 129 and EP 431 (with Buru 100% and Operator) EP 457 (with Buru 60% and Operator, Rey Resources 40%) Following portfolio rationalisation in 2025, activities within these licenses have focused on maintaining the assets in good standing with minimal expenditure being incurred. Corporate On 1 April 2026, Thomas Nador advised the Board of Buru of his resignation as Chief Executive Officer (CEO) of the Company due to ongoing personal health reasons. Thomas’s last day with the Company was 8 May 2026. Since this date the CEO executive duties and responsibilities have been assumed by David Maxwell as full-time Executive Chair and Joanne Williams as part-time Executive Director. There has been no increase in directors’ fees or salary to remunerate these additional responsibilities and contribution. In recognition, the Board is considering some performance-based compensation for David Maxwell and Joanne Williams for the period they assume executive duties which will be reviewed with an external advisor. The plan is to appoint a new CEO at an appropriate time for the Company. On 17 April 2026, the Company announced a A$5.3 million placement (before costs) via two tranches and free attaching options, to fund pre-FID activities for the Rafael Gas Project (including facility design, approvals and resource progression). 152,236,494 Tranche 1 Placement shares were issued on 23 April 2026 within the Company’s placement capacity pursuant to ASX Listing Rules 7.1 and 7.1A. On 27 May 2026 Buru’s Annual General Meeting was held. All resolutions put to shareholders were decided by poll and passed. Tranche 2 placement shares as approved by shareholders at the Annual General Meeting, were issued as follows: • 197,430,173 on 3 June 2026 including director participation • 1,666,667 on 4 June 2026 • 3,333,333 on 10 June 2026 On 23 June 2026, the Company issued 177,333,300 free attaching options associated with the placement (announced on 17 April 2026) on the basis of one new option for every two shares subscribed for in the placement, with an exercise price of $0.022 and an expiry date that is three years from the date of issue. The Company also issued 30,000,000 options (on the same terms) to the Joint Lead Managers as partial consideration for their services as lead manager to the placement. After Balance Date Events On 19 August the Company announced a 200% increase in potential remaining recoverable oil to 660,000 bbls at its 100%-owned onshore Ungani oil field, located in the onshore Canning Basin, Western Australia; currently classified as 2C Contingent Resources under the Petroleum Resources Management System (PRMS). No other significant events have occurred subsequent to balance date, other than described above. Dividends The Directors do not propose to recommend the payment of a dividend. No dividends have been paid or declared by the Company during the current period. Auditor’s Independence Declaration The lead auditor’s independence declaration for the period is set out on page 16 and forms part of this Directors’ Report. BURU ENERGY LIMITED DIRECTORS’ REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 15 Rounding Off The Company is of a kind referred to in ASIC Corporations (Rounding in Financial/Directors’ Reports) Instrument 2016/191 dated 1 April 2016 and in accordance with that Corporations Instrument, amounts in the condensed consolidated interim financial report and Directors’ Report have been rounded off to the nearest thousand dollars, unless otherwise stated. This report is made in accordance with a resolution of Directors. __________________________ __________________________ Mr David Maxwell Mr Malcolm King Executive Chair Non-Executive Director Perth Perth 7 September 2026 7 September 2026 BURU ENERGY LIMITED AUDITOR’S INDEPENDENCE DECLARATION Page | 16 BURU ENERGY LIMITED CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2026 Page | 17 The notes on pages 21 to 29 are an integral part of these condensed consolidated financial statements. in thousands of AUD Note 30 Jun 2026 31 Dec 2025 Current Assets Cash and cash equivalents 4,482 4,149 Trade and other receivables 751 440 Inventories 147 147 Total Current Assets 5,380 4,736 Non-Current Assets Exploration and evaluation expenditure 4 26,342 23,905 Property, plant and equipment 1,846 2,091 Total Non-Current Assets 28,188 25,996 Total Assets 33,568 30,732 Current Liabilities Trade and other payables 1,022 760 Lease liabilities 447 433 Provisions 5 878 888 Total Current Liabilities 2,347 2,081 Non-Current Liabilities Lease liabilities 328 556 Provisions 5 11,824 12,115 Total Non-Current Liabilities 12,152 12,671 Total Liabilities 14,499 14,752 Net Assets 19,069 15,980 Equity Contributed equity 7 317,099 314,048 Reserves 3,161 1,089 Accumulated losses (301,191) (299,157) Total Equity 19,069 15,980 BURU ENERGY LIMITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME OR LOSS FOR THE SIX MONTHS ENDED 30 JUNE 2026 Page | 18 in thousands of AUD Note 30 Jun 2026 30 Jun 2025 Care and maintenance costs (349) (231) Other income 8 14 Exploration and evaluation expenditure (654) (970) Corporate and administrative expenditure 6 (1,281) (1,686) Changes in restoration provision 473 (9) Equity-based payment expenses 9 (101) (183) Results from operating activities (1,904) (3,065) Net finance income / (expense) (130) (102) Loss for the period before income tax (2,034) (3,167) Income tax expense - - Total comprehensive loss for the period (2,034) (3,167) Loss per share (cents) and diluted loss per share (cents) (0.19) (0.41) The notes on pages 21 to 29 are an integral part of these condensed consolidated financial statements. BURU ENERGY LIMITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2026 Page | 19 in thousands of AUD Share capital Share based payment reserve Accumulated losses Total equity $ $ $ $ Balance as at 1 January 2025 310,771 69 (294,348) 16,492 Comprehensive loss for the period Loss for the period - - (3,167) (3,167) Total comprehensive loss for the period - - (3,167) (3,167) Transactions with owners recorded directly in equity Issue of ordinary shares, net of transaction costs (12) - - (12) Equity based payment transactions - 183 - 183 Total transactions with owners recorded directly in equity (12) 183 - 171 Balance as at 30 June 2025 310,759 252 (297,515) 13,496 Share capital Share based payment reserve Accumulated losses Total equity $ $ $ $ Balance as at 1 January 2026 314,048 1,089 (299,157) 15,980 Comprehensive loss for the period Loss for the period - - (2,034) (2,034) Total comprehensive loss for the period - - (2,034) (2,034) Transactions with owners recorded directly in equity Issue of ordinary shares, net of transaction costs 3,051 - - 3,051 Equity-based payment transactions - 2,072 - 2,072 Total transactions with owners recorded directly in equity 3,051 2,072 - 5,123 Balance as at 30 June 2026 317,099 3,161 (301,191) 19,069 The notes on pages 21 to 29 are an integral part of these condensed consolidated financial statements. BURU ENERGY LIMITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2026 Page | 20 The notes on pages 21 to 29 are an integral part of these condensed consolidated financial statements. In thousands of AUD Note 30 Jun 2026 30 Jun 2025 Cash flows from operating activities Payments for care and maintenance (190) (506) Exploration and evaluation expenditure (1,391) (2,703) Other payments to suppliers and employees (707) (1,058) Research and development tax concession received - 323 Net cash inflow/(outflow) from operating activities (2,288) (3,944) Cash flows from investing activities Interest received 58 82 Payments for exploration and evaluation asset (2,228) (1,503) Net cash inflow/(outflow) from investing activities (2,170) (1,421) Cash flows from financing activities Proceeds from the issue of share capital 3,352 - Proceeds from the issue of options 1,972 - Cost of the issue of share capital (301) (12) Payments for lease liabilities (229) (223) Net cash inflow/(outflow) from financing activities 4,794 (235) Net increase/(decrease) in cash and cash equivalents 336 (5,600) Cash and cash equivalents at beginning of the period 4,149 7,944 Effect of exchange rate changes on cash and cash equivalents (3) (1) Cash and cash equivalents at the end of the period 4,482 2,343 BURU ENERGY LIMITED NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 Page | 21 1 Reporting Entity Buru Energy Limited (Buru, Buru Energy or the Company) is a for profit company domiciled in Australia. The address of the Company’s registered office is Level 2, 16 Ord Street, West Perth, Western Australia. The condensed consolidated interim financial statements of the Company as at, and for the six months ended, 30 June 2026 comprise the Company and its subsidiaries (together referred to as the Group) and the Group’s interest in jointly controlled entities. The Group is primarily involved in gas and oil exploration and production in Australia. 2 Basis of Accounting These interim financial statements are general purpose financial statements which have been prepared in accordance with AASB 134 Interim Financial Reporting and the Corporations Act 2001 and should be read in conjunction with the consolidated financial statements of the Group as at and for the year ended 31 December 2025 (last annual financial statements). They do not include all of the information required for full annual financial statements. The last annual financial statements are available at www.buruenergy.com. All accounting policies applied by the Group in these condensed consolidated interim financial statements are the same as those applied in the last annual financial statements. These condensed consolidated interim financial statements were approved by the Board of Directors on 7 September 2026. The preparation of financial statements in conformity with International Financial Reporting Standards requires management to make estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. In preparing these condensed consolidated interim financial statements, the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those that applied in the last annual financial statements. A number of new accounting standards are effective for annual periods beginning after 1 January 2026 and earlier application is permitted. However, the Group has not early adopted any new standards in preparing these condensed consolidated interim financial statements. Going concern The Group’s financial statements are prepared on the going concern basis which assumes continuity of normal business activities and the realisation of assets and settlement of liabilities and commitments in the normal course of business. During the period ended 30 June 2026 the Group recognised a loss of $2,034,000 (30 June 2025: $3,167,000), had net cash outflows from operating and investing activities of $4,458,000 (30 June 2025: $5,365,000). During the period, the Group raised $5.3 million (before costs) from share placements and free attaching options. The Group held cash and cash equivalents of $4,482,000 at 30 June 2026 (31 December 2025: $4,149,000). The Directors review of cash flow forecasts, confirm that the going concern basis of accounting remains appropriate but acknowledge that additional fund-raising activities, by way of a share placement, share issues, debt or from asset sales, are required to enable the Group to fund its operations including the 2027 Rafael drilling programme and meet its minimum expenditure, maintain tenements and meet ongoing costs for the twelve month period from the date of this financial report. These conditions give rise to a material uncertainty that may cast significant doubt about the ability of the Group to continue as a going concern and accordingly to realise its assets and extinguish its liabilities in the ordinary course of the operations. BURU ENERGY LIMITED NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 (CONT’D) Page | 22 3 Segment information The reportable operating segments at the end of the reporting period are based on the Group’s strategic business units: oil production and exploration. The following summary describes the operations in each of the Group’s reportable operating segments: • Oil Production: Development and production of the Ungani Oilfield. The Ungani Production Facility has been placed under care and maintenance after operations were suspended in August 2023. The Company