London · Delayed Price · Currency is GBP · Price in GBX Pharos Energy Earnings Call Transcripts
Fiscal Year 2025
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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.
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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
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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.
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Strong operational and financial performance led to a debt-free position, increased dividends, and robust cash flow. License extensions and drilling in Vietnam, plus consolidation efforts in Egypt, position the company for near-term growth and enhanced shareholder returns.