Stockholders’ Equity

3 Months Ended

Sep. 30, 2025

Equity [Abstract]

Stockholders’ Equity

Note 8 – Stockholders’ Equity

Movement in Common Stock

(in thousands, except share numbers and per share amount	Date	Tamboran common stock	Fair Market Value at time of Issuance	Details	Net proceeds
Balance at July 1, 2025		16,717,289			$450,437
Issuance of common stock pursuant to Subscription Agreement	July 2025	940,729	$17.74	$10,966
Issuance of common stock as prepayment of Facility Fee	July 2025	112,740	$19.41	$2,188
Issuance of common stock as termination payment	September 2025	50,000	$19.75	$988
Less: Transaction costs		—		$(1,014)	13,128
Balance at September 30, 2025		17,820,758			$463,565

July 2025 Issuance of common stock pursuant to Subscription Agreement

On July 23, 2025, the Company issued 940,729 shares of common stock pursuant to subscription agreements entered

into on May 12, 2025, for $17.74 per share. Total proceeds from this issuance was $16.7 million out of which $5.7 million

was received in May 2025. The Company incurred $1.4 million in transaction expenses related to this issuance, out of

which $0.4 million was incurred and recognized during the fiscal year ended June 30, 2025.

July 2025 Issuance of common stock as prepayment of facility fee

On July 23, 2025, the Company issued 112,740 shares of Common Stock at a price of $19.41 per share to Macquarie

Bank Limited as prepayment of facility fees that will become due over the term of the Facility under the Performance Bond

Facility Agreement between Tamboran (West) Pty Limited, as borrower, Tamboran Resources Pty Ltd, as guarantor, and

Macquarie Bank Limited, as lender, dated December 19, 2024 (Refer Note 12).

September July 2025 Issuance of common stock as termination payment

On July 28, 2025, the employment of Joel Riddle, the former Chief Executive Officer and board member of the

Company, was terminated and consequently Mr. Riddle resigned from the board. The Company issued 50,000 shares of

common stock at a price of $19.75 per share to Mr. Riddle as a part of his termination payment package.