Icon Energy Annual Report 2025 33 ICON ENERGY LIMITED AND ITS CONTROLLED ENTITIES FOR THE YEAR ENDED 30 JUNE 2025 NOTE 11 - SHARE BASED PAYMENTS 30 June 2025 30 June 2024 $ $ (a) (1,078,503) (1,156,056) (1,078,503) (1,156,056) (1,078,503) (1,156,056) (b) 821,986,270 768,013,667 - - 821,986,270 768,013,667 (0.13) (0.15) Reconciliation of net cash used in operating activities to loss after income tax: Loss after income tax (1,078,503) (1,156,056) Add/(less) non-cash items: Asset write off - 10,099 Depreciation and amortisation 1,793 2,272 Finance costs 66,403 262,326 Adjustment for changes in assets and liabilities: Prepayments 158,082 (160,069) Trade and other receivables 814 47,844 Trade and other payables (51,322) (13,471) Employee provisions 6,212 (42,864) Restoration provision (18,984) - Net cash used in operating activities (915,505) (1,049,919) NOTE 14 - JOINT ARRANGEMENTS AND MINING TENEMENTS HELD Basin Interest % Interest % 30 June 2025 30 June 2024 100.00% 100.00% ** Pending completion. Country of Date of Parent entity: Incorporation Incorporation 30 June 2025 30 June 2024 Icon Energy Limited Australia Subsidiaries of Icon Energy Limited: Icon Drilling Pty Ltd Australia 18 Nov 1994 100 100 NOTE 15 - CONTROLLED ENTITIES There were no share based payment during the year ended 30 June 2025 and 30 June 2024. Reconciliation of Earnings to Net Loss: CONSOLIDATED ENTITY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Earnings used in the calculation of diluted EPS Weighted average number of ordinary shares outstanding during the year used in the calculation of basic EPS. Earnings used in the calculation of basic EPS NOTE 13 - CASH FLOW INFORMATION Cooper Eromanga Basic and diluted loss per share (cents per share) The following is a list of active mining tenements held by Icon Energy Ltd and its subsidiaries. Adjustment for calculation of diluted earnings per share Net Loss for the year ATP 855P*/PL-1144** * Renewal application under consideration by the Department of Resources. % Owned Oil and Gas NOTE 12 - EARNINGS PER SHARE Weighted average number of ordinary shares outstanding during the year used in the calculation of diluted EPS.
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