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

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Media enquiries Samantha Hutchinson +61 (0) 425 317 171 samantha.hutchinson@santos.com Investor enquiries Lucia Walsh +61 (0) 438 872 151 lucia.walsh@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 19 August 2026 Santos reports strong base business performance as new production comes online • Continued strong operating performance with best personal safety result on record, no lost-time injuries and no Tier 1 process safety incidents • First-half production of 45.6 mmboe, up 3 per cent on the prior corresponding period • Sales revenue of $2.6 billion • EBITDAX of $1.6 billion • Net profit after tax of $355 million, underlying profit of $397 million • Free cash flow from operations of $378 million from strong base business performance, offset by commissioning and cargo timing effects expected to unwind in the second half • Interim dividend declared of US 11.6 cents per share unfranked, totalling $377 million • Gearing at 23.2 per cent excluding operating leases (28.1 per cent when leases included) and strong liquidity with no debt maturities until September 2027 • Pikka first oil achieved safely in May, continuous production from June and first crude oil cargo lifted in August 2026 • Barossa delivered seven cargoes by end of June with another five cargoes delivered since 1 July. Currently producing at around 550 mmscf/d • Moomba CCS has stored around 2.3 million tonnes of CO2 equivalent since start-up Santos today announced its half-year results for 2026, reflecting a period of transition for the company as the Pikka project commenced production, Barossa continued to progress through commissioning and ramp-up, underpinned by the base business which performed strongly. First-half production was 45.6 mmboe, up 3 per cent on the prior corresponding period. Sales revenue was $2.6 billion, EBITDAX was $1.6 billion and free cash flow from operations was $378 million. The free cash flow result reflects the impact of commissioning activities at Barossa and Pikka, the timing of cargo movements around 30 June and a PNG under-lift position of around 1.3 million barrels of oil equivalent. These impacts are expected to unwind early in the second half as production increases and the PNG under-lift position is reversed. The Board has resolved to pay an interim dividend of US 11.6 cents per share, consistent with Santos’ capital allocation framework and reflecting its view of the expected full year performance outlook.