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Santos Ltd | 2025 Half Year Results Presentation | Kevin Gallagher | Page 1 of 11 | September 11, 2026

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Media enquiries James Murphy +61 (0) 478 333 974 james.murphy@santos.com Investor enquiries Cameron Judd +61 (0) 456 116 000 cameron.judd@santos.com Santos Limited ABN 80 007 550 923 GPO Box 2455, Adelaide SA 5001 T +61 8 8116 5000 | F +61 8 8116 5131 santos.com Page 1 ASX / Media Release 25 August 2025 Santos reports strong first-half results with Barossa and Pikka on track for start-up • Strong free cash flow from operations of US$1.1 billion • Sales revenue of US$2.6 billion • EBITDAX of US$1.8 billion • Net profit after tax of US$439 million, underlying profit of US$508 million • Gearing at 23.7 per cent (20.5 per cent excluding leases) and liquidity of US$3.9 billion • Interim dividend declared of US13.4 cents per share, franked to 10 per cent, totalling US$435 million • Unit production cost of US$7.28 per boe excluding Bayu-Undan • Strong average realised LNG price of US$11.57 per mmbtu • Darwin LNG ready for startup (RFSU) milestone achieved • Barossa LNG FPSO rapidly approaching RFSU • Pikka phase 1 seawater treatment plant and all production modules on location, first oil guidance accelerated to the first quarter of 2026 Santos today announced strong half-year results for 2025, comparable with the prior year. Free cash flow from operations remained strong at US$1.1 billion. Sales revenue was US$2.6 billion, EBITDAX was US$1.8 billion and underlying profit was US$508 million. Production volumes were 44.1 mmboe, also comparable with the prior year, and sales volumes were 47.2 mmboe. Average realised LNG prices were strong for the period at US$11.57 per mmbtu. The Santos Board declared an interim dividend of US13.4 cents per share, franked to 10 per cent and up on the prior year. This represents 40 per cent of free cash flow from operations in line with the company’s dividend policy and is up on the prior year. A non-cash exploration and evaluation impairment charge of US$119 million was recognised in relation to the Hides footwall in PNG.