Icon Energy Limited Annual Report 2023

Icon Energy Annual Report 2023 45 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2023 Ordinary Share Capital (Note 11) Accumulated Losses Contributed Capital Total $ $ $ $ Balance 1 July 2021 101,985,050 (100,209,180) - 1,775,870 - - (1,468,076) - (1,468,076) - - - - Total comprehensive loss for the year - (1,468,076) - (1,468,076) Shares issued 1,572,141 - - 1,572,141 Share issue costs (98,867) - - (98,867) Total transactions with owners 1,473,274 - - 1,473,274 103,458,324 (101,677,256) - 1,781,068 Balance 1 July 2022 103,458,324 (101,677,256) - 1,781,068 Total comprehensive income: - Loss for the year - (5,537,787) - (5,537,787) Other comprehensive loss - - - - Total comprehensive loss for the year - (5,537,787) - (5,537,787) Shares issued 662,184 - - 662,184 Share isuue costs (3,639) - - (3,639) Contributed capital - - 141,103 141,103 Total transactions with owners 658,545 - 141,103 799,648 104,116,869 (107,215,043) 141,103 (2,957,071) The accompanying notes form part of these financial statements. Loss for the year Other comprehensive loss Balance at 30 June 2022 - attributable to owners of parent entity Balance at 30 June 2023 - 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 Consolidated Statement of Changes in Equity for the year ended 30 June 2023

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