Rex International Holding Limited 169 Group Note 2025 2024 US$’000 US$’000 Revenue: Sale of crude oil and gas 23 318,795 298,135 Sale of goods and services 23 927 748 319,722 298,883 Cost of sales: Cost of goods sold (890) (571) Cost of services (562) (502) Production and operating expenses (175,420) (95,314) Depletion of oil and gas properties 4 (107,283) (97,931) Exploration and evaluation expenditure (3,581) (5,432) Gross profit 31,986 99,133 Administrative expenses (43,205) (41,761) Other expenses 24 (108,655) (50,238) Other income 933 5,662 Results from operating activities (118,941) 12,796 Finance income 25 9,854 10,750 Finance expense 25 (32,827) (29,790) Foreign currency exchange loss (5,013) (941) Net finance expense (27,986) (19,981) Share of loss of equity-accounted investees, net of tax – (1,572) Loss before tax 26 (146,927) (8,757) Tax expense 27 (5,773) (41,447) Loss for the year, net of tax (152,700) (50,204) Other comprehensive (loss)/ income Items that are or may be reclassified subsequently to profit or loss: Foreign currency translation differences from foreign operations, representing total other comprehensive (loss)/ income for the year, net of tax (5,696) 1,424 Total comprehensive loss for the year, net of tax (158,396) (48,780) The accompanying notes form an integral part of these financial statements. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Year ended 31 December 2025
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