Dividend
- Pharos Energy has proposed a final dividend for the 2025 financial year of $5.2m, 0.9317 pence per share, subject to shareholders' approval at the Company's 2026 AGM, taking the 2025 full year dividend to 1.331 pence per share, an increase of 10% on the prior year.
- Returns to shareholders have been delivered through the completion in January 2025 of the third $3m share buyback programme and the payment of an interim dividend for 2024 of 0.363 pence per share, $1.8m equivalent, in January 2025. A final dividend for 2024 of 0.847 pence per share, $4.7m equivalent, following approval at the AGM in May 2025, was paid to shareholders in July 2025.
Other Financial Highlights
- Group revenue of $114.6m (2024: $136.1m).
- Cash generated from operations $85.5m (2024: $89.3m); Operating cash flow $55.6m (2024: $54.0m); Cash operating costs of $19.39/bbl (2024: $17.80/bbl); Net cash as at 31 December 2025 of $40.2m, the Group is debt free (2024: $16.5m net cash).
- Receivables balance in Egypt at 31 December 2025 of $7.4m following total payments received of $37.7m.
- Loss for the year of $6.6m (2024: profit $23.6m including net post-tax impairment reversals of $19.9m)
