VAALCO Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	359.27	478.99	455.07	354.33	199.08
Revenue Growth (YoY)	-24.99%	5.26%	28.43%	77.99%	196.35%
Cost of Revenue	158.18	163.5	153.16	112.66	81.26
Gross Profit	201.1	315.49	301.91	241.67	117.82
Selling, General & Admin	33.09	29.68	23.84	10.08	14.77
Depreciation & Amortization Expenses	109.98	143.03	115.3	48.14	21.06
Exploration Expenses	8.91	0.05	1.97	0.26	1.58
Other Operating Expenses	69.72	6.23	2.15	11.91	1.32
Total Operating Expenses	221.7	178.99	143.25	70.39	38.72
Operating Income	-20.61	136.5	158.66	171.28	79.1
Interest Income	-	-	-	-	0.01
Interest Expense	-8.24	-3.73	-6.45	-2.03	-
Other Non-Operating Income (Expense)	2.28	7.03	-2.07	-45.93	-19.33
Total Non-Operating Income (Expense)	-5.96	3.3	-8.53	-47.97	-19.32
Pretax Income	-26.57	139.8	150.13	123.31	59.78
Provision for Income Taxes	14.82	81.31	89.78	71.42	-22.16
Net Income	-41.39	58.49	60.35	51.89	81.84
Earnings From Discontinued Operations	-	-	-	-	-0.1
Net Income to Common	-41.39	58.49	60.35	51.89	81.84
Net Income Growth	-	-3.09%	16.31%	-36.59%	-
Shares Outstanding (Basic)	104	104	106	70	58
Shares Outstanding (Diluted)	104	104	107	70	59
Shares Change (YoY)	0.30%	-2.63%	52.26%	19.11%	2.02%
EPS (Basic)	-0.40	0.56	0.56	0.74	1.38
EPS (Diluted)	-0.40	0.56	0.56	0.73	1.37
EPS Growth	-	-	-23.29%	-46.72%	-
Shares Outstanding	104.26	103.74	104.89	107.85	58.62
Free Cash Flow	-40.19	10.72	126.37	-31.05	33.56
Free Cash Flow Growth	-	-91.52%	-	-	350.94%
Free Cash Flow Per Share	-0.39	0.10	1.19	-0.44	0.57
Dividends Per Share	0.250	0.250	0.250	0.130	-
Dividend Growth	-	-	92.31%	-	-
Gross Margin	55.97%	65.87%	66.34%	68.20%	59.18%
Operating Margin	-5.74%	28.50%	34.86%	48.34%	39.73%
Profit Margin	-11.52%	12.21%	13.26%	14.64%	41.16%
FCF Margin	-11.19%	2.24%	27.77%	-8.76%	16.86%
EBITDA	89.37	279.53	273.96	219.42	100.16
EBITDA Margin	24.88%	58.36%	60.20%	61.93%	50.31%
EBIT	-20.61	136.5	158.66	171.28	79.1
EBIT Margin	-5.74%	28.50%	34.86%	48.34%	39.73%
Effective Tax Rate	-55.79%	58.16%	59.80%	57.92%	-37.06%

Updated Mar 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q