Pharos Energy 2025 revenue falls on lower oil prices

Pharos Energy

25/03/2026 07:12

Overview

UK energy producer's preliminary 2025 revenue declined yr/yr, reflecting lower oil prices

Company reported a preliminary net loss for 2025, compared to profit in prior yr

Final dividend of $5.2 mln proposed for 2025, subject to shareholder approval

Outlook

Pharos Energy raises 2026 working interest production guidance to 5,200-6,400 boepd net

Company expects Vietnam drilling programme to finish by mid-2026, with potential 20% output boost if appraisal wells succeed

Group cash capex for 2026 expected at $50 mln, with $39 mln for Vietnam and $11 mln for Egypt

Result Drivers

VIETNAM DRILLING PROGRAMME - Co said six-well campaign on TGT and CNV fields was designed to support current production and unlock incremental volumes

EGYPT CONCESSION CONSOLIDATION - Co said approval for consolidation of two concessions delivered immediate uplift in value with lease extensions and improved fiscal terms

RECEIVABLES PAYMENT - Co said $20 mln payment from EGPC reduced receivables to lowest level since Dec 2021 and doubled year end cash balance

Company press release: ID:nRSY9823Xa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Oil & Gas Sales
$114.60 mln
FY Gross Profit
$18.20 mln
FY Operating Profit
$8.70 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 Pharos Energy PLC is GBp49.50, about 86.1% above its March 24 closing price of GBp26.60

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)