Singapore's Jadestone Energy 2025 revenue up 3%, production hits record

Jadestone Energy

03/02/2026 07:13

Overview

Singapore-based upstream firm's 2025 revenue rose 3% yr/yr to $408.1 mln

Average production reached a record 19,829 boe/d, a 6% increase yr/yr

Total production costs fell 14% to $243 mln, enhancing operating margins

Outlook

Company to announce 2026 guidance with reserves update at end of February 2026

Jadestone optimistic about Nam Du/U Minh project growth

Company hedged ~1.7 mln barrels at US$67.48/bbl for nine months ending Sept 2026

Result Drivers

RECORD PRODUCTION - Average production reached a record 19,829 boe/d, driven by strong performance at Akatara with 94.4% uptime

COST REDUCTION - Total production costs fell 14% to $243 mln, reflecting improved cost discipline and mitigation of Skua-11ST drilling costs

PROJECT ADVANCEMENTS - Progress in Vietnam and Malaysia projects, with approvals and upcoming drilling campaigns

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
$408.10 mln
FY Capex
$112.70 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy."

Wall Street's median 12-month price target for Jadestone Energy PLC is GBp59.00, about 132.3% above its February 2 closing price of GBp25.40

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nRSC4831Ra

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)