PRESS RELEASE
TotalEnergies EP Gabon




Quarterly financial information
2025 Third quarter and nine first months results
Port-Gentil – December 8, 2025




Main Financial Indicator


Q3 25 9M 25
Q3 25 Q2 25 vs. 9M 25 9M 24 vs.
Q2 25 9M 24
Average Brent Price $/b 69.1 67.9 +2% 70.9 82.8 -14%

Average TotalEnergies EP Gabon crude price (1) $/b 68.6 61.6 +11% 68.5 79.1 -13%

Crude oil production from fields operated by
kb/d (2) 16.2 14.1 +15% 15.7 17.2 -9%
TotalEnergies EP Gabon

Sales volumes (3) Mb (4) 1.1 1.6 -31% 4.1 4.8 -15%

Revenues (5) M$ 80 100 -20% 297 401 -26%

Cash flow from operations (6) M$ 73 46 +59% -109 217 ns

Capital Expenditures M$ 11 20 -45% 50 53 -6%

Net Income M$ 13 0 ns 35 78 -55%




(1) The crude price calculation excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these
barrels being handed over in kind to the host state.
(2) kb/d: Thousand barrels per day (excluding gas production).
(3) Sales volume excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these barrels being
handed over in kind to the host state.
(4) Mb: Million of barrels.
(5) Revenues from hydrocarbon sales including profit oil reverting to the Gabonese Republic as per production sharing contracts.
(6) Funds generated from operations are comprised of the operating cash flow, the gains or losses on disposals of assets and
the working capital changes.
2025 third quarter and first nine months results

Selling price
In the third quarter of 2025, the average Brent crude price stood at $69.1 per barrel ($/b), up
2% compared to the second quarter 2025 ($67.9/b). The average selling price of the crude oil
grade marketed by TotalEnergies EP Gabon reached $68.6/b, an increase of 11% compared
to second quarter 2025 ($61.6/b), due to the rise in Brent and more favorable market conditions
for Mandji crude.

During the first nine months of 2025, the average selling price of the crude oil grade marketed
by TotalEnergies EP Gabon ($68.5/b) showed a decrease of 13% compared to the first nine
months of 2024 ($79.1/b), owing to the decline in Brent.

Production
TotalEnergies EP Gabon crude oil production in third quarter 2025 amounted to 16.2 kb/d, an
increase of 15% compared to second quarter 2025 (14.1 kb/d), mainly due to planned
shutdowns on Anguille and Torpille sites realized during the second quarter.

During the first nine months of 2025, TotalEnergies EP Gabon crude oil production stood at
15.7 kb/d, a decrease of 9% compared to the first nine months of 2024 (17.2 kb/d). This
reduction in production is mainly explained by the planned shutdowns conducted in the second
quarter of 2025.

Revenues
Revenue for the third quarter of 2025 amounted to $80 million, representing a 20% decrease
compared to the second quarter of 2025 ($100 million), due to a 31% reduction in crude oil
volumes sold by the Company because of a lifting schedule. The impact was partially offset by
an increase in the average selling prices of crude oil marketed by TotalEnergies EP Gabon.

Over the first nine months of 2025, revenues totaled $297 million, down 26% compared to the
first nine months of 2024, owing to the combined effects of a 15% decline in volumes sold by
the Company and the deterioration in the average selling prices of crude oil marketed by
TotalEnergies EP Gabon.

Cash flow from operations
Cash flow from operations stood at $73 million in the third quarter 2025, compared to $46
million in the second quarter 2025, driven by higher production (+$20 million) and an increase
in the average selling price of crude oil marketed by TotalEnergies EP Gabon (+$5 million).

Over the first nine months of 2025, cash flow from operations amounted to -$109 million, down
from $217 million in the first nine months of 2024, mainly due to the payment in 2025 first
quarter of 2023 complementary dividend ($320 million). This decrease was further accentuated
by lower production and average crude price, reduced other financial and non-operational
income, and was partially offset by a working capital improvement during the first nine months
of 2025.

Capital expenditures
Petroleum investments amounted to $11 million in the third quarter 2025, decline (-$9 million)
compared to the second quarter 2025, mainly due to costs incurred for the planned shutdowns
on Anguille and Torpille sites during the second quarter 2025.

Over the first nine months of 2025, petroleum investments stood at $50 million, down 6%
compared to the first nine months of 2024 ($53 million). For the 2025 financial year, these
investments primarily covered the planned shutdowns on Anguille and Torpille sites, integrity
works on sites, and operations related to the reduction of emissions from our activities.

Net income
In the third quarter of 2025, net income reached $13 million. This improvement compared to
the second quarter ($0 million) is explained by higher production (+$20 million) and an increase
in the average selling price of the crude oil marketed by TotalEnergies EP Gabon (+$5 million).
These gains were partially offset by higher amortization (-$7 million) linked to production levels,
increased tax expenses (-$3 million), and other non-operational charges (-$2 million).

Over the first nine months of 2025, net income amounted to $35 million, compared with
$78 million in the first nine months of 2024. This 55% decrease is mainly due to the decline in
production and the average crude oil price.


Highlights since the beginning of third quarter 2025

The Board of Directors of TotalEnergies EP Gabon, met on August 27, 2025 in Paris, approved
the Company's financial statements for the first-half 2025. The half-year financial report was
filed with the “Autorité des marchés financiers (AMF)” on August 29, 2025 and made available
to the public on the Company's website.




***
About TotalEnergies EP Gabon
TotalEnergies EP Gabon is 58.28% owned by TotalEnergies SE, 25% by the Gabonese Republic and
16.72% by the public.

About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels,
natural gas and green gases, renewables and electricity. Its more than 100,000 employees are
committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many
people as possible. Active in more than 120 countries, TotalEnergies puts sustainable development in
all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Contacts TotalEnergies EP Gabon
actionnariat-epgabon@totalenergies.com

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com



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