You loose weight, because you burn your excess fat. Without restricting your intake, there is no reason for your body to burn your fat reserves and that’s why you won’t loose weight just with low carb and same total calories.
(You may loose some water, but not fat).
On a ketogenic diet, your body is constantly using fat as fuel, which makes it easier to eat less calories and be less hungry. Also ditching carbs prevents insulin spikes, which impact a lot how you feel and act.
I lost +30kg with restricting my calory intake by ~25% (calculated on the energy value of the fat loss per month) and keto helped me to not feel hungry and also skip a meal or two without any impact on my energy level.