Icon Energy Limited Annual Report 2022

Consolidated Statement of Changes in Equity for the year ended 30 June 2022 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2022 Ordinary Share Capital (Note 10) Accumulated Losses Total $ $ $ Balance 1 July 2020 101,985,050 (93,289,878) 8,695,172 - (6,919,302) (6,919,302) - - - Total comprehensive loss for the year - (6,919,302) (6,919,302) Shares issued - - - Total transactions with owners - - - 101,985,050 (100,209,180) 1,775,870 Balance 1 July 2021 101,985,050 (100,209,180) 1,775,870 Total comprehensive income: Loss for the year - (1,468,076) (1,468,076) Other comprehensive loss - - - Total comprehensive loss for the year - (1,468,076) (1,468,076) Shares issued 1,572,141 - 1,572,141 Share isuue costs (98,867) - (98,867) Total transactions with owners 1,473,274 - 1,473,274 103,458,324 (101,677,256) 1,781,068 The accompanying notes form part of these financial statements. Loss for the year Other comprehensive loss Balance at 30 June 2021 - attributable to owners of parent entity Balance at 30 June 2022 - attributable to owners of parent entity Total comprehensive income: Transactions with owners in their capacity as owners: Transactions with owners in their capacity as owners: CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Icon Energy Annual Report 2022 39

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