UK's Serica Energy climbs after capital markets day update
02/06/2026 09:00
BUZZ-UK's Serica Energy climbs after capital markets day update ** Shares of Serica Energy SQZ.L rise 2.6% to 266.6p
** Co targets annual average production of over 50,000 boepd into next decade via short-cycle projects with potential to add 30,000 boepd
** Announces dividend policy targeting 15-30% of post-tax cash flow from operations from FY2026; expects post-tax cash flow from operations of $470-520 mln in 2026
** Q2 production averages 49,500 boepd; net debt falls to $72 mln from $200 mln at end-2025
** YTD, stock has gained ~52.1%
(Reporting by Judes Joseph in Bengaluru)
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