Rex International Holding Limited 1 6 7 Group Note 2024 2023 US$’000 US$’000 Revenue: Sale of crude oil and gas 24, 38 298,135 222,387 Sale of goods and services 24 748 – Cost of sales: Cost of goods sold (571) – Cost of services (502) (575) Production and operating expenses (95,314) (73,051) Depletion of oil and gas properties 4 (97,931) (75,116) Exploration and evaluation expenditure (5,432) (9,169) Gross profit 99,133 64,476 Administrative expenses (41,761) (28,641) Other expenses 25 (50,238) (53,969) Other income 5,662 1,785 Results from operating activities 12,796 (16,349) Finance income 26, 38 10,750 8,637 Finance expense 26, 38 (29,790) (28,812) Foreign currency exchange loss (941) (4,222) Net finance expense (19,981) (24,397) Share of loss of equity-accounted investees, net of tax 9 (1,572) (577) Loss before tax 27 (8,757) (41,323) Tax expense 28, 38 (41,447) (28,039) Loss for the year, net of tax (50,204) (69,362) Other comprehensive income/ (loss) Items that are or may be reclassified subsequently to profit or loss: Foreign currency translation differences from foreign operations, representing total other comprehensive income/ (loss) for the year, net of tax 1,424 (2,485) Total comprehensive loss for the year, net of tax (48,780) (71,847) The accompanying notes form an integral part of these financial statements. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Year ended 31 December 2024
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