Rex International Holding Limited 175 Group Note 2025 2024 US$’000 US$’000 Cash flows from investing activities Interest received 3,942 4,582 Exploration and evaluation expenditure 3 (15,907) (17,027) Additions to oil and gas properties 4 (263,196) (95,886) Acquisition of interests in oil and gas licences 4 (1,967) – Acquisition of oil and gas licences, net of cash acquired 4 402 17,726 Purchase of derivative financial instruments (1,685) (630) Proceeds from disposal of quoted investments 6,108 6,147 Additions to development costs 5 (844) – Purchase of patents 5 – (15) Purchase of property, plant and equipment 6 (148) (221) Proceeds from disposal of jointly controlled entity 30(ii) – 1,095 Disposal of a subsidiary, net of cash disposed 30(i) – (775) Net cash used in investing activities (273,295) (85,004) Cash flows from financing activities Interest paid 18 (15,357) (17,828) Payment for transaction costs related to loans and borrowings 18 (3,874) (3,753) Proceeds from issuance of bonds by subsidiaries 18 143,086 149,751 Repayment of bonds 18 (54,233) (97,411) Repayment of bank overdraft 18 – (4,000) Repayment of lease liabilities 18, 20 (5,876) (758) Loan from non-controlling interest in a subsidiary 18 375 – Contributions from non-controlling interests in a subsidiary – 616 Net cash from financing activities 64,121 26,617 Net (decrease)/ increase in cash and cash equivalents (78,804) 26,112 Cash and cash equivalents at beginning of the year 108,876 86,394 Effect of exchange rate fluctuations on cash held 10,046 (3,630) Cash and cash equivalents at end of the year 14 40,118 108,876 The accompanying notes form an integral part of these financial statements. CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 December 2025
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