Energean Plc announce a Q2 2025 dividend of 30 US cents/share declared today, scheduled to be paid on 30 September 2025
Other financial highlights include:
H1 2025 financial performance, relative to H1 2024, impacted by: (1) the planned shutdown for essential works for the second oil train development in March in addition to the Ministry ordered suspension of production for security reasons in June and; (2) lower Brent prices.
o Revenues of $804 million (H1 2024: $867 million), adjusted EBITDAX of $505 million (H1 2024: $568 million)
o Profit after tax of $110 million (H1 2024: $89 million) reflecting zero impairments in H1 2025 (compared to a $79 million impairment of exploration and evaluation assets in the prior year). This benefit was partly offset by lower taxable profits and a $27 million foreign exchange loss (H1 2024: $11 million gain).
Net debt of $3,000 million, an increase versus 31 December 2024 ($2,949 million) primarily due to the temporary suspension of production in Israel.
Cash and cash equivalents of $487 million and total liquidity of $1,175 million, which includes multiple available liquidity lines.
