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Ithaca Energy, a leading UK independent production and growth company, today announces its audited full year results for the year ended 31 December 2024.

Transformational year with continued strategic delivery

Robust 2024 operational and financial performance at the top end of management guidance

Strong Q4 production and EBITDAX, supporting delivery of total 2024 dividend of $500m

Ithaca Energy, a leading UK independent production and growth company, is pleased to announce it has signed a sale and purchase agreement to acquire the entire issued share capital of JAPEX UK E&P Limited (“JUK”).

The Transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energy’s Working Interest in Seagull from 35% to 50%, equalling bp’s interest as the field operator.