Sweden · Delayed Price · Currency is SEK Keo Capital AB Earnings Call Transcripts
Fiscal Year 2025
-
Strong balance sheet with $108M cash and major divestments support a strategic pivot to high-yield B2B credit operations. Keo portfolio grew 18%, with $52M in approved lines and robust yields. Nasdaq relisting and capital raises are on track for next year.
Fiscal Year 2024
-
Operational delays in Brazil and Venezuela impacted timelines, but production rose 50% year-over-year and OPEX per barrel fell 23%. Management expects a return to full production by December, strong cash flow, and significant dividend capacity, with a debt-free balance sheet.
-
A major transformation has streamlined operations, reduced costs, and focused on high-potential assets, including a significant stake in 3R Petroleum and growth in the Illinois Basin. Progress continues in Venezuela, with confidence in securing licenses and a strategy for gradual, cash-positive development.