Interim report
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30 September 2026 REABOLD RESOURCES PLC ( " Reabold " or the " Company " ) Unaudited Interim Results for the Six Months Ended 30 June 2026 Reabold Resources plc ( AIM : RBD ) , the investing company focussed on developing strategic gas projects for European energy security , announces its unaudited interim results for the six months ended 30 June 2026. The results are included below and are also available at www.reabold.com . Highlights Corporate Reabold raised a total of £ 4.3 million in the first half of 2026. £ 1.9 million was raised from a group of US strategic investors , of which £ 1.5 million came from Rohan Oza , a high - profile strategic investor ; £ 1.5 million was raised via a Placing conducted by way of an accelerated bookbuild ; and £ 0.9 million was raised via direct subscriptions . As part of the direct subscriptions , Directors and persons closely associated with Directors contributed £ 0.4 million . The net proceeds of the fundraise will be used to progress the key West Newton project , including the funding of both Reabold and Rathlin's shares of the recompletion of the A - 2 well , expected to take place in Q4 2026. In addition , participants in the fundraise received 1.25 warrants for each new ordinary share , each with a right to convert to one new ordinary share at an exercise price of £ 1.10 per share . This mechanism is intended to provide the Company with access to additional capital , in the event of a successful A - 2 recompletion , and to move into early production as soon as possible . LNEnergy - Colle Santo gas field , Italy . • In March 2026 , Reabold completed the first stage of its disposal of LNEnergy Limited ( " LNEnergy " ) to Beacon Energy plc ( “ Beacon ” ) , disposing of 49 % of Reabold's 47.6 % interest in LNEnergy . As part of the first completion Reabold received 9,086,917 shares in Beacon . Reabold also invested £ 750,000 into Beacon by participating in a placing , taking Reabold's interest in listed shares in Beacon to 22.7 % as at 30 June 2026 . At completion of the second stage , expected in Q4 2026 , Reabold will have disposed of its entire shareholding in LNEnergy in exchange for a € 16 million earn out pursuant to which Reabold will receive 25 % of its pro rata share of the net cash flow from the Colle Santo project once on production . At second stage completion , Reabold will receive further shares in Beacon taking Reabold's holding in Beacon to approximately 28.1 % . As a result of the transaction with Beacon , Reabold recognised a £ 0.6 million gain on sale in the income statement and a £ 5.0 million contingent consideration receivable . The £ 5.0 million contingent consideration receivable is reported within Other Investments on the balance sheet . See Note 9 for further details . Rathlin Energy_ ( UK ) Limited ( “ Rathlin ” ) and West Newton - PEDL 183 In February 2026 , England's environmental regulator , the Environment Agency ( " EA " ) , issued Rathlin , a subsidiary of Reabold and operator of the Licence , the variation to the permit for the West Newton ' A ' Well Site allowing for the recompletion works to be carried out at the West Newton A - 2 well subject to certain pre - operational conditions . See Review of Operations on page 4 for further information . Sachin Oza and Stephen Williams , Co - CEOs of Reabold , commented : " We are pleased to report on a period of strong progress for Reabold , during which we raised significant funds to progress the West Newton project , and successfully realised value from the Colle Santo gas project . In Q4 2026 , we expect to commence recompletion works at the West Newton A - 2 well , a pivotal step towards unlocking the full value of our flagship UK project . The support shown by new and existing investors , including from