BW Energy: Annual report 2025

BW Energy today published its annual report for the financial year ended 31 December 2025. BW Energy also published the Board-approved report on payments to governments and the annual statement of reserves for 2025. Please find the reports attached.

The reports are also available at: www.bwenergy.no/investors/reports-and-presentations

For further information, please contact:
Martin Seland Simensen, VP Investor Relations
ir@bwenergy.no

About BW Energy

BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company's assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 7% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 ("PEL 73") in Namibia. Total net 2P+2C reserves and resources were 633 million barrels of oil equivalent at the start of 2026.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.