Exhibit 99.1
Report on Payments to Governments for the Year 2025
Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended 31 December 2025 in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928). The Payments to Government data are reflective of select payments made to government entities by Kosmos Energy, Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulation 2014 (as amended in December 2015) (the Regulations).
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Payments to Governments1 |
| | UNIT OF MEASURE | EQUATORIAL GUINEA | GHANA | MAURITANIA | SÃO TOMÉ & PRÍNCIPE | SENEGAL | UNITED KINGDOM | UNITED STATES |
Income Taxes2 | USD$ | 2,125,000 | 109,891,000 | - | - | - | - | (2,010,000) |
Royalties3 | BOE | 348,000 | 575,000 | - | - | - | - | 1,090,000 |
Royalties4 | USD$ | 24,049,000 | 35,778,000 | - | - | - | - | 62,590,000 |
| Dividends | USD$ | - | - | - | - | - | - | - |
Bonuses5 | USD$ | - | - | - | - | - | - | 239,000 |
License Fees6 | USD$ | 99,000 | 424,000 | - | - | - | - | 596,000 |
| Infrastructure Improvement | USD$ | - | - | - | - | - | - | - |
| Total | USD$ | 26,273,000 | 146,093,000 | - | - | - | - | 61,415,000 |
1.Government includes any national, regional, or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, including a national oil company.
2.Income taxes - Inclusive of tax refunds received. This is based on taxes assessed on income. For 2025, the amount reported for the United States was negative due to tax refunds relating to previous years.
3.Royalties - Royalties are paid to the Government of Ghana and the Republic of Equatorial Guinea in-kind out of Kosmos Energy’s working interest share of production and as reported by the third-party operator. United States royalties are payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore federal leases.
4.Royalties - The value of oil royalties for Equatorial Guinea and Ghana are estimated based on the annual average of daily Brent prices of $69.10 during 2025. The value of gas royalties for Ghana are based on the actual sales price realized. United States royalties are actual payments to the United States ONRR.
5.Bonuses - Payments made to the federal government when acquiring offshore leases.
6.License Fees - Payments made primarily to the federal government for annual rentals and applications for permits.
In addition to the above Payments to Governments, Kosmos Energy Ltd. has prepared the following supplemental information for the year ended 31 December 2025.
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| Payments to Governments - Supplemental Information |
| | UNIT OF MEASURE | EQUATORIAL GUINEA5 | GHANA6 | MAURITANIA | SÃO TOMÉ & PRÍNCIPE | SENEGAL | UNITED KINGDOM | UNITED STATES |
Production Entitlements1 | bbls | 196,000 | - | - | - | - | - | - |
Estimated Production Entitlements1 | USD$ | 13,545,000 | - | - | - | - | - | - |
Envt, Capacity Building & Social Projects3 | USD$ | 200,000 | - | 10,000 | - | 106,000 | - | - |
Training3 | USD$ | 198,000 | - | - | - | - | - | - |
Taxes (Non-Income)2,4 | USD$ | 256,000 | 6,122,000 | 567,000 | 56,000 | 685,000 | 7,110,000 | 3,175,000 |
1.Production entitlements are paid to the Republic of Equatorial Guinea in barrels of oil based on their participating interest. The production entitlement amounts presented represent Kosmos Energy’s participating share received by the Republic of Equatorial Guinea. The value of the production entitlements disclosed above are based on the annual average of daily Brent prices of $69.10 during 2025.
2.Inclusive of any tax refunds received.
3.Represents payments made directly to government for satisfaction of obligations per the Petroleum Agreements and/or Petroleum Sharing Contracts (PSCs), as applicable. In addition to the numbers above, Kosmos made payments to national oil company employees in accordance with training obligations per the petroleum agreements totaling $23,000 in Equatorial Guinea.
4.Primarily withholding taxes on interest payments, employer paid payroll-related taxes, and property taxes paid on pipe and tangible goods inventory stored at various onshore locations in the United States. These values are exclusive of withholding or similar taxes remitted on behalf of service providers.
5.Figures presented exclude approximately $535,000 of insurance costs paid to GEPetrol Seguros as well as $5,000 paid to Luba Freeport for shorebase services.
6.Figures presented exclude approximately $11.460 million in decommissioning trust fund contributions to Bank of Ghana and $935,000 of insurance costs paid to Ghana Oil & Gas Insurance Pool.
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Payments to Governments - Receiving Entity-Level Disclosures1 |
| | PRODUCTION ENTITLEMENTS (BBLS)2 | ESTIMATED PRODUCTION ENTITLEMENTS (USD$)2 | INCOME TAXES (USD$)3 | ROYALTIES (BOE)2 | ROYALTIES (USD$)2 | DIVIDENDS (USD$) | BONUSES (USD$) | LICENSE FEES (USD$) | INFRASTRUCTURE IMPROVEMENT (USD$) | ENVIRONMENT, CAPACITY BUILDING & SOCIAL PROJECTS (USD$)4 | TRAINING (USD$)4 | TAXES (NON-INCOME) (USD$)5 | TOTAL (USD$) |
Ministry of Mines and Hydrocarbons | 196,000 | 13,545,000 | - | 348,000 | 24,049,000 | - | - | - | - | 200,000 | 198,000 | - | 37,992,000 |
Tresoreria General Del Estado | - | - | 2,125,000 | - | - | - | - | 99,000 | - | - | - | 161,000 | 2,385,000 |
Instituto Nacional de Seguridad Social de Guinea Ecuatorial | - | - | - | - | - | - | - | - | - | - | - | 95,000 | 95,000 |
Total Equatorial Guinea6 | 196,000 | $ | 13,545,000 | $ | 2,125,000 | 348,000 | $ | 24,049,000 | - | - | $ | 99,000 | - | $ | 200,000 | $ | 198,000 | $ | 256,000 | $ | 40,472,000 |
Government of Republic of Ghana | - | - | - | 575,000 | 35,778,000 | - | - | - | - | - | - | - | 35,778,000 |
Petroleum Commission of Ghana | - | - | - | - | - | - | - | 424,000 | | - | - | - | - | 424,000 |
Social Security & Nat'l Insura | - | - | - | - | - | - | - | - | - | - | - | 83,000 | 83,000 |
Ghana Revenue Authority | - | - | 109,891,000 | | - | - | - | - | - | - | - | - | 5,968,000 | 115,859,000 |
Electricity Company of Ghana | - | - | - | - | - | - | - | - | - | - | - | 71,000 | 71,000 |
Total Ghana7 | - | - | $ | 109,891,000 | 575,000 | $ | 35,778,000 | - | - | $ | 424,000 | - | - | - | $ | 6,122,000 | $ | 152,215,000 |
Tresorier General | - | - | - | - | - | - | - | - | - | - | - | 567,000 | 567,000 |
Various | - | - | - | - | - | - | - | - | - | 10,000 | - | - | 10,000 |
Total Mauritania | - | - | - | - | - | - | - | - | - | $ | 10,000 | - | $ | 567,000 | $ | 577,000 |
INSS - Instituto Nacional De Segurance Social | - | - | - | - | - | - | - | - | - | - | - | 13,000 | 13,000 |
Tesouro Publico | - | - | - | - | - | - | - | - | - | - | - | 43,000 | 43,000 |
Total Sao Tome & Principe | - | - | - | - | - | - | - | - | - | - | - | $ | 56,000 | $ | 56,000 |
Chef du Bureau de Recouvrement | - | - | - | - | - | - | - | - | - | - | - | 672,000 | 672,000 |
Senegal Social Security | - | - | - | - | - | - | - | - | - | - | - | 13,000 | 13,000 |
Institut National Du Petrole Et Du Gaz | - | - | - | - | - | - | - | - | - | 101,000 | - | - | 101,000 |
Various | - | - | - | - | - | - | - | - | - | 5,000 | - | - | 5,000 |
Total Senegal | - | - | - | - | - | - | - | - | - | $ | 106,000 | - | $ | 685,000 | $ | 791,000 |
ONRR | - | - | - | 1,090,000 | 62,590,000 | - | 239,000 | 596,000 | - | - | - | - | 63,425,000 |
Internal Revenue Service | - | - | (1,046,000) | - | - | - | - | - | - | - | - | - | (1,046,000) |
Various | - | - | (964,000) | - | - | - | - | - | - | - | - | 3,175,000 | 2,211,000 |
Total United States of America | - | - | $ | (2,010,000) | 1,090,000 | $ | 62,590,000 | - | $ | 239,000 | $ | 596,000 | - | - | - | $ | 3,175,000 | $ | 6,459,000 |
HMRC Cumbernauld | - | - | - | - | - | - | - | - | - | - | - | 6,922,000 | 6,922,000 |
| City of Westminster | - | - | - | - | - | - | - | - | - | - | - | 188,000 | 188,000 |
Total United Kingdom | - | - | $ | 93,000 | - | - | - | - | - | - | - | - | $ | 7,110,000 | $ | 7,110,000 |
Total | 196,000 | $ | 13,545,000 | $ | 110,006,000 | 2,013,000 | $ | 122,417,000 | - | $ | 239,000 | $ | 1,119,000 | - | $ | 316,000 | $ | 198,000 | $ | 17,971,000 | $ | 265,811,000 |
FOOTNOTES
Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended December 31, 2025 in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928). The Payments to Government data are reflective of select payments made to government entities by Kosmos Energy Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as amended in December 2015) (the Regulations). Kosmos Energy has also included supplementary disclosures of payments to governments in addition to those prescribed by the Regulations. Please see the footnotes below for further detail on the payments we made to our host country governments in 2025.
1.Our summary, project-level and receiving-entity level payments to government disclosures are also available on our website at www.kosmosenergy.com/responsibility/transparency.php.
2.Production entitlements are paid to the Republic of Equatorial Guinea in barrels of oil based on their participating interest. The production entitlement amounts presented represent Kosmos Energy's participating share received by the Republic of Equatorial Guinea. Royalties are paid to the Government of Ghana and the Republic of Equatorial Guinea in-kind out of Kosmos Energy's working interest share of production and as reported by the third-party operator. The value of the international oil royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $69.10 during 2025. The value of gas royalties for Ghana are based on the actual sales price realized. United States royalties are actual payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore federal leases.
3.Inclusive of tax refunds received. This is based on taxes assessed on income. For 2025, the amount reported for the United States was negative due to tax refunds relating to previous years.
4.Represents payments made directly to government for satisfaction of obligations per the Petroleum Agreements and/or Petroleum Sharing Contracts (PSCs), as applicable. In addition to the numbers above, Kosmos made payments to national oil company employees in accordance with training obligations per the petroleum agreements totaling $23,000 in Equatorial Guinea.
5.Primarily withholding taxes on interest payments, employer paid payroll-related taxes, and property taxes paid on pipe and tangible goods inventory stored at various onshore locations in the United States. These values are exclusive of withholding or similar taxes remitted on behalf of service providers.
6.Figures presented exclude approximately $535,000 of insurance costs paid to GEPetrol Seguros as well as $5,000 to Luba Freeport for shorebase services.
7.Figures presented exclude approximately $11.460 million in decommissioning trust fund contributions to Bank of Ghana and $935,000 of insurance costs paid to Ghana Oil & Gas Insurance Pool.
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Payments to Governments - Project-Level Disclosures1 |
| | PRODUCTION ENTITLEMENTS (BBLS)2 | ESTIMATED PRODUCTION ENTITLEMENTS (USD$)2 | INCOME TAXES (USD)3 | ROYALTIES (BOE)2 | ROYALTIES (USD$)2 | DIVIDENDS (USD4) | BONUSES (USD$) | LICENSE FEES (USD$) | INFRASTRUCUTRE IMPROVEMENT (USD$) | ENIRONMENT, CAPACITY BUILDING & SOCIAL PROJECTS (USD$)4 | TRAINING (USD$)4 | TAXES (NON-INCOME) (USD$)5 | TOTAL (USD$) |
Ceiba Field | 70,000 | 4,837,000 | - | 125,000 | 8,638,000 | - | - | - | - | - | - | - | 13,475,000 |
Okume Complex Field | 126,000 | 8,708,000 | - | 223,000 | 15,411,000 | - | - | - | - | - | - | - | 24,119,000 |
Equatorial Guinea Block S | - | - | - | - | - | - | - | - | - | 100,000 | 99,000 | - | 199,000 |
Equatorial Guinea Block 24 | - | - | - | - | - | - | - | 89,000 | - | 100,000 | 99,000 | - | 288,000 |
Company Level - Kosmos Equatorial Guinea, Inc. | - | - | 2,125,000 | - | - | - | - | 8,000 | - | - | - | 52,000 | 2,185,000 |
Company Level - Kosmos Energy Equatorial Guinea | - | - | - | - | - | - | - | 2,000 | - | - | - | 204,000 | 206,000 |
Total Equatorial Guinea6 | 196,000 | $ | 13,545,000 | $ | 2,125,000 | 348,000 | $ | 24,049,000 | - | - | $ | 99,000 | - | $ | 200,000 | $ | 198,000 | $ | 256,000 | $ | 40,472,000 |
Jubilee | - | - | - | 512,000 | 31,600,000 | - | - | - | - | - | - | - | 31,600,000 |
TEN | - | - | - | 63,000 | 4,178,000 | - | - | - | - | - | - | - | 4,178,000 |
West Cape Three Points | - | - | - | - | - | - | - | 212,000 | - | - | - | - | 212,000 |
Deepwater Tano | - | - | - | - | - | - | - | 212,000 | - | - | - | - | 212,000 |
Company Level - Kosmos Energy Ghana | - | - | 55,933,000 | - | - | - | - | - | - | - | - | 4,907,000 | 60,840,000 |
Company Level - Kosmos Energy Ghana Investments | - | - | 53,958,000 | - | - | - | - | - | - | - | - | 1,215,000 | 55,173,000 |
Total Ghana7 | - | - | $ | 109,891,000 | 575,000 | $ | 35,778,000 | - | - | $ | 424,000 | - | - | - | $ | 6,122,000 | $ | 152,215,000 |
Company Level | - | - | - | - | - | - | - | - | - | 10,000 | - | 567,000 | 577,000 |
Total Mauritania | - | - | - | - | - | - | - | - | - | $ | 10,000 | - | $ | 567,000 | $ | 577,000 |
Company Level | - | - | - | - | - | - | - | - | - | - | - | 56,000 | 56,000 |
Total Sao Tome and Principe | - | - | - | - | - | - | - | - | - | - | - | $ | 56,000 | $ | 56,000 |
Teranga Field | - | - | - | - | - | - | - | - | - | 53,000 | - | - | 53,000 |
St. Louis Block | - | - | - | - | - | - | - | - | - | 53,000 | - | - | 53,000 |
Company Level | - | - | - | - | - | - | - | - | - | - | - | 685,000 | 685,000 |
Total Senegal | - | - | - | - | - | - | - | - | - | $ | 106,000 | - | $ | 685,000 | $ | 791,000 |
Mississippi Canyon | - | - | - | 698,000 | 41,519,000 | - | - | 288,000 | - | - | - | - | 41,807,000 |
Garden Banks | - | - | - | 3,000 | 195,000 | - | - | - | - | - | - | - | 195,000 |
Green Canyon | - | - | - | 389,000 | 20,876,000 | - | - | 63,000 | - | - | - | - | 20,939,000 |
Keathley Canyon | - | - | - | - | - | - | 239,000 | 156,000 | - | - | - | - | 395,000 |
Walker Ridge | - | - | - | - | - | - | - | 63,000 | - | - | - | - | 63,000 |
Company Level | - | - | (2,010,000) | - | - | - | - | 26,000 | - | - | - | 3,175,000 | 1,191,000 |
Total United States of America | - | - | $ | (2,010,000) | 1,090,000 | $ | 62,590,000 | - | $ | 239,000 | $ | 596,000 | - | - | - | $ | 3,175,000 | $ | 64,590,000 |
Company Level | - | - | - | - | - | - | - | - | - | - | - | 7,110,000 | 7,110,000 |
Total United Kingdom | - | - | - | - | - | - | - | - | - | - | - | $ | 7,110,000 | $ | 7,110,000 |
Total | 196,000 | $ | 13,545,000 | $ | 110,006,000 | 2,013,000 | $ | 122,417,000 | - | $ | 239,000 | $ | 1,119,000 | - | $ | 316,000 | $ | 198,000 | $ | 17,971,000 | $ | 265,811,000 |
FOOTNOTES
Kosmos Energy Ltd. has prepared the following report of payments made to governments for the year ended December 31, 2025 in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) as amended by the Reports on Payments to Governments (Amendment) Regulations 2015 (2015/1928). The Payments to Government data are reflective of select payments made to government entities by Kosmos Energy Ltd.. These payments are categorized consistent with the Report on Payments to Governments Regulations 2014 (as amended in December 2015) (the Regulations). Kosmos Energy has also included supplementary disclosures of payments to governments in addition to those prescribed by the Regulations. Please see the footnotes below for further detail on the payments we made to our host country governments in 2025.
1.Our summary, project-level and receiving-entity level payments to government disclosures are also available on our website at www.kosmosenergy.com/transparency.php.
2.Production entitlements are paid to the Republic of Equatorial Guinea in barrels of oil based on their participating interest. The production entitlement amounts presented represent Kosmos Energy's participating share received by the Republic of Equatorial Guinea. Royalties are paid to the Government of Ghana and the Republic of Equatorial Guinea in-kind out of Kosmos Energy's working interest share of production and as reported by the third-party operator. The value of the international oil royalties and production entitlements disclosed above are based on the annual average of daily Brent prices of $69.10 during 2025. The value of gas royalties for Ghana are based on the actual sales price realized. United States royalties are actual payments to the United States Office of Natural Resources Revenue (ONRR) based on actual production from offshore federal leases.
3.Inclusive of tax refunds received. This is based on taxes assessed on income. For 2025, the amount reported for the United States was negative due to tax refunds relating to previous years.
4.Represents payments made directly to government for satisfaction of obligations per the Petroleum Agreements and/or Petroleum Sharing Contracts (PSCs), as applicable. In addition to the numbers above, Kosmos made payments to national oil company employees in accordance with training obligations per the petroleum agreements totaling $23,000 in Equatorial Guinea.
5.Primarily withholding taxes on interest payments, employer paid payroll-related taxes, and property taxes paid on pipe and tangible goods inventory stored at various onshore locations in the United States. These values are exclusive of withholding or similar taxes remitted on behalf of service providers.
6.Figures presented exclude approximately $535,000 of insurance costs paid to GEPetrol Seguros as well as $5,000 paid to Luba Freeport for shorebase services.
7.Figures presented exclude approximately $11.460 million in decommissioning trust fund contributions to Bank of Ghana and $935,000 of insurance costs paid to Ghana Oil & Gas Insurance Pool.