London · Delayed Price · Currency is GBP · Price in GBX Pharos Energy Earnings Call Transcripts
Fiscal Year 2025
-
Strong 2025 results driven by robust production and cash flow in Vietnam and Egypt, with key license extensions and improved fiscal terms supporting growth. Receivables in Egypt materially reduced, dividend increased by 10%, and disciplined capital allocation maintained.
-
Revenue held steady at $65M in H1, with net cash rising to $22.6M and a 10% dividend increase announced. Major license and fiscal term improvements in Vietnam and Egypt support a fully funded, growth-focused drilling campaign and future reinvestment.
Fiscal Year 2024
-
Strong 2024 results with $136M revenue, debt-free status, and a 10% dividend increase. Vietnam remains the core growth driver, with license extensions enabling new drilling, while Egypt's growth depends on license consolidation and receivables recovery.
-
Strong H1 2024 results featured a transition to debt-free status, robust cash flow, and a 10% dividend increase. Operations in Vietnam and Egypt remain stable, with key growth catalysts in license extensions and consolidation projects. Receivables recovery and sustainability progress further strengthen the outlook.