VAALCO Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	23.98	82.65	121	37.21	48.68	47.85
Cash & Short-Term Investments	23.98	82.65	121	37.21	48.68	47.85
Cash Growth	-73.08%	-31.70%	225.23%	-23.56%	1.72%	4.22%
Accounts Receivable	109.47	94.78	44.89	52.15	22.46	-
Other Receivables	9.39	35.94	47.76	87.12	10.32	7.92
Receivables	118.86	132.15	93.95	140.41	32.79	7.92
Inventory	8.96	9.44	1.95	3.34	1.59	3.91
Prepaid Expenses	21.64	6.82	5.03	9.29	5.16	4.22
Restricted Cash	0.2	0.14	0.11	0.22	0.08	0.09
Other Current Assets	0.09	6.73	6.1	9.63	-	-
Total Current Assets	173.74	237.93	228.14	200.1	88.29	63.98
Property, Plant & Equipment	710.13	635.21	552.13	588.75	104.55	59.61
Long-Term Deferred Tax Assets	44.3	55.58	29.24	35.43	39.98	-
Other Long-Term Assets	22.26	26.24	13.71	31.37	30.27	17.65
Total Assets	950.43	954.95	823.22	855.64	263.09	141.23
Accounts Payable	17.01	11.76	22.15	59.89	18.8	16.69
Accrued Expenses	45.41	53.87	24.97	36.52	14.7	8.47
Current Portion of Leases	16.65	16.9	12.48	10.13	9.64	12.89
Current Income Taxes Payable	23.77	42.04	19.26	-	3.13	0.86
Other Current Liabilities	63.4	57.17	48.62	55.56	37.99	13.67
Total Current Liabilities	166.24	181.73	127.48	162.09	84.26	52.58
Long-Term Debt	60	-	-	-	-	-
Long-Term Leases	71.1	81.28	78.33	78.93	0.59	9.67
Long-Term Deferred Tax Liabilities	62.97	93.9	73.58	81.22	-	-
Other Long-Term Liabilities	84.26	96.46	65.05	67.29	33.95	17.53
Total Liabilities	444.56	453.37	344.43	389.54	118.79	79.77
Common Stock	12.3	12.23	12.14	11.95	6.96	6.79
Additional Paid-In Capital	367.02	362.58	357.5	353.61	76.7	74.44
Retained Earnings	207.17	209.76	177.49	147.02	104.49	22.65
Treasury Stock	-78.73	-78.02	-71.22	-47.65	-43.85	-42.42
Comprehensive Income & Other	-1.89	-4.96	2.88	1.18	-	-
Shareholders' Equity	505.87	501.58	478.78	466.11	144.3	61.46
Total Liabilities & Equity	950.43	954.95	823.22	855.64	263.09	141.23
Total Debt	147.75	98.18	90.8	89.06	10.23	22.56
Net Cash (Debt)	-123.76	-15.53	30.2	-51.85	38.45	25.29
Net Cash Growth	-	-	-	-	52.01%	101.43%
Net Cash Per Share	-1.19	-0.15	0.28	-0.74	0.65	0.44
Filing Date Shares Outstanding	104.26	103.74	103.27	107.32	58.67	57.66
Total Common Shares Outstanding	104.26	103.74	104.35	107.85	58.62	57.53
Working Capital	7.5	56.2	100.67	38.01	4.03	11.4
Book Value Per Share	4.85	4.83	4.59	4.32	2.46	1.07
Tangible Book Value	505.87	501.58	478.78	466.11	144.3	61.46
Tangible Book Value Per Share	4.85	4.83	4.59	4.32	2.46	1.07
Machinery	92.85	75.58	47.79	38.8	23.48	9.28
Construction In Progress	143.6	44.52	4.18	-	13.52	0.17

Source: S&P Global Market Intelligence. Standard template. Financial Sources.