REG - Zenith Energy Ltd - Publication of 2025 FY annual audited report

Zenith EnergyAnnouncement

22/07/2025 07:10

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RNS Number : 0274S  Zenith Energy Ltd  22 July 2025

July 22, 2025

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Publication of 2025 FY annual audited report

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA; OTCQB: ZENAF), the international
energy production and development company, is pleased to publish its
independently audited financial results for the financial year ended March 31,
2025 (the "Annual Report").

The Annual Report can be viewed here:
http://www.rns-pdf.londonstockexchange.com/rns/0274S_1-2025-7-22.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0274S_1-2025-7-22.pdf)

A copy of the Annual Report will also be made available for review on the
Company's website: www.zenithenergy.ca (http://www.zenithenergy.ca) .

Key Highlights

During the financial year ended March 31, 2025:

·   The Group generated revenues from oil and natural gas of CAD$2,147k
(2024 - CAD$1,788k)

·   As of March 31, 2025, inventory consisted of CAD$2,412k (2024 -
CAD$2,031k) related to 11,871 barrels of crude oil that has been produced but
not yet sold in Tunisia.

·   The Company sold 185,080 Mcf of natural gas from its Italian assets, as
compared to 159,119 Mcf of natural gas in the same period for 2024.

·   The Company sold 11,321 MWh of electricity from its Italian assets, as
compared to 10,270 MWh of electricity in the same period for 2024.

 

Andrea Cattaneo, Chief Executive Officer, commented:

"The annual audited results for the 2025 FY evidence the continued strength of
our Italian electricity production activities.

As previously announced, we intend to significantly increase our electricity
generation activities in Italy by incrementally building and commissioning a
solar energy production portfolio, with the first milestone being the
achievement of a production output of 20 MWp by the close of 2025.

We regard the recent, deeply disappointing decision in the ICC-2 arbitration
as a temporary setback. The outcome of ICC-2 reflects a flawed proceeding,
marred by serious and repeated procedural irregularities, which stands in
stark contradiction to the successful precedent established in ICC-1. It does
not in any way diminish the strength of our well-founded claims for damages,
which we are confident will be fully recognised in the forthcoming ICSID
arbitration.

The Board and management team hold unwavering confidence in the Company's
ability to deliver significant value to shareholders. This will be driven not
only by the compensatory damages expected from a successful ICSID claim and
the annulment of the ICC-2 arbitration decision, but also by Zenith's growing
energy production portfolio in Italy, with a focus on renewables and other
critical natural resources."

 

 

Further Information:

 Zenith Energy Ltd

 Andrea Cattaneo, Chief Executive Officer   Tel: +1 (587) 315 1279

                                            E:       info@zenithenergy.ca (mailto:info@zenithenergy.ca)

 

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with
energy production, exploration and development assets in North Africa, the US
and Europe. The Company is listed on the London Stock Exchange Main Market
(LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and
the Pink Markets of the OTC (OTC PINK: ZENAF).

Zenith's strategic focus is on pursuing development opportunities through the
development of proven revenue generating energy production assets, as well as
low-risk exploration activities in assets with existing production.

 

For more information, please visit:  www.zenithenergy.ca
(http://www.zenithenergy.ca)

Twitter: @zenithenergyltd

LinkedIn:  https://bit.ly/3A5PRJb (https://bit.ly/3A5PRJb)

 

 

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