London · Delayed Price · Currency is GBP · Price in GBX Seplat Energy Earnings Call Transcripts
Fiscal Year 2026
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The AGM highlighted record revenue and profit growth, approval of substantial dividends, and strong shareholder support for all resolutions. Strategic plans include major investments, increased production, and continued focus on gas and LPG markets.
Fiscal Year 2025
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2025 saw transformational growth with production up 148% and revenue up 144% year-over-year, driven by the Mobil Producing acquisition. Strong cash flow enabled higher dividends, reduced leverage, and robust investment in future growth, with 2026 guidance targeting further production and efficiency gains.
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Production is set to surpass 200,000 boe/d by 2030, with $2.5–$3 billion CapEx and a new dividend policy targeting $1 billion over five years. Gas output will double, supported by major infrastructure and decarbonization initiatives, while financial discipline and strong community relations underpin growth.
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Record H1 2025 results with production at 134.5 kboe/d and $1.4B revenue, driven by strong offshore/onshore performance and successful integration. Liquidity and leverage improved, CapEx and tax rates set to normalize as investments ramp up.
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The meeting highlighted strong financial results, successful Mobil acquisition, and robust dividend payouts. Shareholders approved all resolutions, praised governance and diversity, and management addressed integration, risk, and sustainability strategies.
Fiscal Year 2024
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Production and reserves surged after the MPNU acquisition, with 2024 output at 53,000 boe/d and adjusted EBITDA of $539 million. Dividend increased, leverage remains low, and 2025 guidance targets up to 140,000 boe/d, with investments focused on growth and operational resilience.
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A major acquisition of shallow water offshore assets has doubled reserves per share and tripled production, revenue, and cash flow, with a highly competitive deal structure and conservative balance sheet. Immediate focus is on restoring production, optimizing tax efficiency, and leveraging significant gas resources for growth.
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H1 2024 saw stable production and revenue, with adjusted EBITDA up 13% year-over-year and strong cost control. Major progress was made on the ANOH gas project and MPNU acquisition, while liquidity and balance sheet strength support ongoing investments and dividends.