London · Delayed Price · Currency is GBP · Price in GBX EnQuest Earnings Call Transcripts
Fiscal Year 2025
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Delivered strong operational and financial results in 2025, with 18% reserve growth, 5.4% higher production, and a strengthened balance sheet following major refinancing and liability reduction. Southeast Asia expansion and increased gas exposure position the company for future growth.
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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.