Dividend
- EnQuest PLC declares final dividend of 0.8 pence per share, equivalent to c.$20 million, payable in June 2026 following shareholder approval at the Group's Annual General Meeting.
Other Financial Highlights
- Revenue and other income totalled $1,118.3 million (2024: $1,180.7 million), with adjusted EBITDA of $503.8 million (2024: $673.9 million). Both figures reflect lower oil revenues, with Brent falling 15% year-on-year. Cost discipline and active hedging held operating costs flat, despite a 10% weakening of the US Dollar.
- EnQuest net debt of $433.9 million (31 December 2024: $385.8 million) followed payment in H2 2025 of UK EPL tax of $104.1 million; $22.7 million on completion of the Vietnam acquisition and RBL refinancing fees totaling $17.8 million.
- Reported profit after tax of $1.6 million (2024: $93.8 million) includes the impact of the two-year extension of EPL. Stripping out this non-cash item, the profit after tax would have been $125.5 million.
- Net $238.9 million gain on settlement of the Magnus contingent consideration simplifies EnQuest's balance sheet.
