London · Delayed Price · Currency is GBP · Price in GBX EnQuest Earnings Call Transcripts
Fiscal Year 2026
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Production grew 9% year-on-year, driven by Southeast Asia expansion and operational improvements. The Malaysia acquisition will more than double production and reserves, reduce costs, and diversify cash flows, while maintaining a disciplined balance sheet.
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Acquisition of four Malaysian fields more than doubles production, diversifies the portfolio, and reduces costs, positioning the group as a leading independent in Southeast Asia. The $833 million deal is expected to deliver strong cash flow, robust growth, and enhanced shareholder value.
Fiscal Year 2025
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Delivered strong 2025 results with 5% production growth, expanded in Southeast Asia, and maintained high efficiency despite third-party outages. Settled major liabilities, refinanced debt, increased dividends, and advanced decarbonization, positioning for further growth and resilience.
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Strong H1 2025 performance with high production efficiency, robust Southeast Asia growth, and continued deleveraging. Revenue reached $549 million, net debt fell to $377 million, and a maiden dividend was paid. Fiscal uncertainty in the UK remains a key risk.
Fiscal Year 2024
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Delivered strong operational and financial results in 2024, with 90% production efficiency, $1.2 billion in revenue, and a $94 million net profit. Announced a $15 million maiden dividend for 2025 and continued growth in Southeast Asia and the UK.
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Solid H1 2024 results with $30M net profit, $368M EBITDA, and net debt down to $321M. Production remains strong but is expected at the lower end of guidance due to maintenance, while fiscal uncertainty in the UK may shift future investment to Southeast Asia.