VAALCO Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	311.54	359.27	478.99	455.07	354.33	199.08
Revenue Growth (YoY)	-36.31%	-24.99%	5.26%	28.43%	77.99%	196.35%
Cost of Revenue	141.75	158.18	163.5	153.16	112.66	81.26
Gross Profit	169.79	201.1	315.49	301.91	241.67	117.82
Selling, General & Admin	32.31	33.09	29.68	23.84	10.08	14.77
Depreciation & Amortization Expenses	97.89	109.98	143.03	115.3	48.14	21.06
Exploration Expenses	31.31	8.91	0.05	1.97	0.26	1.58
Other Operating Expenses	4	69.72	6.23	2.15	11.91	1.32
Total Operating Expenses	165.5	221.7	178.99	143.25	70.39	38.72
Operating Income	4.29	-20.61	136.5	158.66	171.28	79.1
Interest Income	-	-	-	-	-	0.01
Interest Expense	-8.65	-8.24	-3.73	-6.45	-2.03	-
Other Non-Operating Income (Expense)	-68.25	2.28	7.03	-2.07	-45.93	-19.33
Total Non-Operating Income (Expense)	-76.89	-5.96	3.3	-8.53	-47.97	-19.32
Pretax Income	-139.83	-26.57	139.8	150.13	123.31	59.78
Provision for Income Taxes	3.05	14.82	81.31	89.78	71.42	-22.16
Net Income	-142.89	-41.39	58.49	60.35	51.89	81.84
Earnings From Discontinued Operations	-	-	-	-	-	-0.1
Net Income to Common	-142.89	-41.39	58.49	60.35	51.89	81.84
Net Income Growth	-	-	-3.09%	16.31%	-36.59%	-
Shares Outstanding (Basic)	104	104	104	106	70	58
Shares Outstanding (Diluted)	104	104	104	107	70	59
Shares Change (YoY)	0.40%	0.30%	-2.63%	52.26%	19.11%	2.02%
EPS (Basic)	-1.37	-0.40	0.56	0.56	0.74	1.38
EPS (Diluted)	-1.37	-0.40	0.56	0.56	0.73	1.37
EPS Growth	-	-	-	-23.29%	-46.72%	-
Shares Outstanding	104.26	104.26	103.74	104.89	107.85	58.62
Free Cash Flow	-131.67	-40.19	10.72	126.37	-31.05	33.56
Free Cash Flow Growth	-	-	-91.52%	-	-	350.94%
Free Cash Flow Per Share	-1.26	-0.39	0.10	1.19	-0.44	0.57
Dividends Per Share	0.250	0.250	0.250	0.250	0.130	-
Dividend Growth	-	-	-	92.31%	-	-
Gross Margin	54.50%	55.97%	65.87%	66.34%	68.20%	59.18%
Operating Margin	1.38%	-5.74%	28.50%	34.86%	48.34%	39.73%
Profit Margin	-45.86%	-11.52%	12.21%	13.26%	14.64%	41.16%
FCF Margin	-42.26%	-11.19%	2.24%	27.77%	-8.76%	16.86%
EBITDA	102.17	89.37	279.53	273.96	219.42	100.16
EBITDA Margin	32.80%	24.88%	58.36%	60.20%	61.93%	50.31%
EBIT	4.29	-20.61	136.5	158.66	171.28	79.1
EBIT Margin	1.38%	-5.74%	28.50%	34.86%	48.34%	39.73%
Effective Tax Rate	-2.18%	-55.79%	58.16%	59.80%	57.92%	-37.06%

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q