Highlights

• Helios Energy has announced that Managing Director Philipp Kin's engagement with the company has concluded.

• Philipp Kin's resignation as a director became effective on 3 July 2026.

• The Board thanked Mr Kin for his contribution and wished him well in his future endeavours.

• An Appendix 3Z has been lodged with the ASX following his departure.

• The filing confirms Mr Kin held an indirect interest of 3.6 million ordinary shares through Motyl Investments Pty Ltd.

Helios Energy Ltd (ASX:HE8) has announced that the engagement of Managing Director Philipp Kin has come to an end, marking a change in the company's executive leadership. The company also confirmed that Mr Kin has resigned as a director, with the resignation taking effect on 3 July 2026. Alongside the announcement, Helios lodged an Appendix 3Z with the ASX detailing Mr Kin's final interests in the company's securities.

Helios Energy shares were trading at AUD 0.0020 during the afternoon session on 3 July 2026. The stock remains down 90.00% over the past year. The company's latest announcement relates solely to changes in its executive leadership and does not include any operational, exploration or financial updates.

Managing Director's Engagement Comes to an End

Helios Energy informed the market that Philipp Kin's engagement as Managing Director has concluded.

The company stated that his resignation as a director also became effective on 3 July 2026.

In its announcement, the Board acknowledged Mr Kin's contribution to Helios during his time with the company and expressed its appreciation for his service.

The Board also wished him well in his future business activities and endeavours.

No additional information was provided regarding the reasons for the leadership change or any immediate replacement arrangements.

Board Releases Appendix 3Z

Following Mr Kin's departure, Helios lodged an Appendix 3Z, which is required under the ASX Listing Rules when a director ceases to hold office.

The filing confirms that Mr Kin's previous director's interest notice had been lodged on 15 May 2025 and records 3 July 2026 as the date he ceased to be a director.

According to the Appendix 3Z, Mr Kin did not hold any securities in Helios Energy as a direct registered holder at the time of his resignation.

The filing also confirmed that there were no interests relating to contracts requiring disclosure.

Indirect Shareholding Remains Recorded

Although no direct shareholding was reported, the Appendix 3Z disclosed an indirect interest in Helios Energy shares.

The filing states that Motyl Investments Pty Ltd, an entity in which Mr Kin has an equitable interest, holds 3,600,000 fully paid ordinary shares in Helios Energy.

This indirect holding was disclosed in accordance with ASX reporting requirements for directors' notifiable interests.

The announcement did not indicate any changes to this shareholding following Mr Kin's resignation.

Announcement Focused on Leadership Transition

The update released by Helios Energy was limited to the conclusion of Mr Kin's engagement and the associated regulatory disclosure.

The company did not announce any changes to its operational activities, exploration programs or corporate strategy as part of the release.

Similarly, no financial guidance, project updates or capital management initiatives were included in the announcement.

The filing was primarily intended to inform the market of the change in executive leadership and to satisfy the relevant ASX disclosure obligations.

Current Board Composition

Following Mr Kin's resignation, Helios Energy's board continues to include Non-Executive Director Mark Lochtenberg, Non-Executive Director John Kenny, Non-Executive Director John Cathcart, and Non-Executive Director and Company Secretary Henko Vos.

The company did not announce any new executive appointments alongside the leadership update.

Any future appointments or changes to the executive management team would be subject to separate market announcements if required.

About Helios Energy

Helios Energy is an Australian oil and gas exploration company with operations focused primarily on the Presidio Oil and Gas Project in Presidio County, Texas, United States.

The company reports its activities across two operating segments: oil and gas exploration in the United States and helium interests in China.

Its flagship Presidio Oil & Gas Project comprises a large wet gas resource in which Helios holds a 70% working interest across approximately 66,776 acres, equivalent to around 46,743 net acres.

As part of its exploration activities, the company has drilled two vertical wildcat wells at the Presidio Project, Quinn Creek 141 and Quinn Mesa 113, located approximately two miles apart.

Helios conducts its operations through several subsidiaries, including Helios Energy USA Ltd, Helios Operating LLC, Helios Energy (China) Ltd and Helios Energy Holdings Ltd.

What Could Investors Watch Next?

Following the announcement, investors are likely to monitor any future updates regarding Helios Energy's executive leadership and whether the company appoints a new Managing Director.

Market participants may also watch for operational developments at the Presidio Oil & Gas Project in Texas, together with any future exploration, drilling or corporate updates released by the company.

Further announcements relating to strategy, management structure or project activities may provide additional insight into the company's next steps following the leadership transition.