London · Delayed Price · Currency is GBP · Price in GBX Capricorn Energy Earnings Call Transcripts
Fiscal Year 2025
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2025 saw a pivotal shift to growth, with strong production, improved cash flow, and a near debt-free balance sheet. Reserve replacement exceeded 200%, and new concession terms are set to unlock further value, while shareholder returns remain a key focus.
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Consolidated Egyptian concessions and improved fiscal terms position the business for reserve and production growth, with a focus on disciplined capital allocation and shareholder returns. Receivables collection and debt reduction are progressing, while UK North Sea expansion remains a target.
Fiscal Year 2024
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Operational and financial transformation delivered $105 million in Egypt earnings, but receivables rose to $184 million and a 40% production decline is forecast for 2025. New concession terms in Egypt are expected to unlock reserves and stabilize output, with capital discipline and shareholder returns remaining priorities.
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Returned $600M+ to shareholders, improved Egyptian operations, and exited non-core assets. H1 saw $80M revenue, 26,200 BOE/d production, and $148M cash. Guidance maintained, with key contingent receipts expected in 2025 and ongoing PSC negotiations in Egypt.