Icon Energy Limited Annual Report 2022

Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2022 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2022 NOTES 30 June 2022 30 June 2021 $ $ Interest received and other income 2a 1,948 113,744 Administration expenses 4 (612,516) (619,819) Depreciation and amortisation expense (374,766) (82,773) Employee benefits and expenses (211,585) (217,467) Profit on sale of current assets 2b 21,078 - Impairment expense 2c - (5,807,557) Write down of inventories 6 18,965 (153,765) Tenement expenditure (305,989) (143,842) Finance costs 8 (5,211) (7,823) Loss before income tax (1,468,076) (6,919,302) Income tax expense 3 - - Loss for the year from continuing operations (1,468,076) (6,919,302) Other comprehensive income Items that may be reclassified subsequently to profit or loss - - Total other comprehensive loss for the year, net of tax - - Total comprehensive loss for the year (1,468,076) (6,919,302) Earnings per share 12 (0.21) (1.16) The accompanying notes form part of these financial statements. CONS LIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Continuing operations Basic and diluted loss per share (cents per share) From continuing operations 41 Icon Energy Annual Report 2022 37

RkJQdWJsaXNoZXIy MjE2NDg3