Vista Energy(US:VIST)2025-10-22 20:26Revenue and Profitability - Revenue from contracts with customers for the nine-month period ended September 30, 2025, reached $1,755,133 thousand, a 49% increase from $1,176,450 thousand in the same period of 2024[8] - Gross profit for the nine-month period ended September 30, 2025, was $834,340 thousand, up 39% from $601,103 thousand in the prior year[8] - Operating profit increased significantly to $1,038,071 thousand for the nine-month period ended September 30, 2025, compared to $495,976 thousand in the same period of 2024, representing a 109% growth[8] - Net profit for the period was $633,368 thousand, a 65% increase from $383,750 thousand in the nine-month period ended September 30, 2024[8] - The company reported a basic earnings per share of $6.215 for the nine-month period ended September 30, 2025, compared to $3.992 in the same period of 2024, indicating a 56% increase[8] - For the nine-month period ended September 30, 2025, the net profit was $633,368 thousand, a 65.2% increase compared to $383,750 thousand in the same period of 2024[22] - Revenues from crude oil sales significantly increased to $1,683,594, up 50% from $1,118,366 year-over-year[77] - The company reported a profit for the period of $633,368, which is a 65% increase from $383,750 in the previous year[95] - Basic earnings per share rose to $6.215, up from $3.992 in the same period last year, reflecting a 56% increase[95] Assets and Equity - Total assets as of September 30, 2025, amounted to $6,739,254 thousand, up from $4,232,372 thousand as of December 31, 2024, reflecting a 59% increase[11] - Total equity increased to $2,407,619 thousand as of September 30, 2025, compared to $1,621,213 thousand at the end of 2024, marking a 48% rise[11] - As of September 30, 2025, the company's noncurrent assets in Argentina were valued at $5,937,735, a significant increase from $3,128,742 as of December 31, 2024[72] - The company’s total noncurrent assets as of September 30, 2025, amounted to $5,992,013, up from $3,180,101 as of December 31, 2024[72] Cash Flow and Investments - Cash flows from operating activities for the nine-month period were $360,895 thousand, down from $589,541 thousand in the same period of 2024, reflecting a decrease of 38.8%[22] - Total cash flows used in investing activities amounted to $1,989,407 thousand for the nine-month period ended September 30, 2025, compared to $739,499 thousand in 2024, indicating a substantial increase of 168.9%[24] - The company received a net amount of $1,975 under the Argentine promotion plan to stimulate natural gas production for the nine-month period ended September 30, 2025, compared to $2,387 for the same period in 2024[59] Borrowings and Financial Liabilities - Borrowings increased to $2,369,659 thousand as of September 30, 2025, compared to $1,402,343 thousand at the end of 2024, reflecting a 69% increase[11] - Total borrowings increased to $2,927,948 thousand as of September 30, 2025, up from $1,448,567 thousand as of December 31, 2024, representing an increase of 102.5%[121] - Current borrowings surged to $558,289 thousand as of September 30, 2025, from $46,224 thousand as of December 31, 2024, marking an increase of 1,107.5%[121] - The company maintained compliance with all financial covenants associated with its borrowings as of September 30, 2025[126] - The total financial liabilities at amortized cost were $2,927,948 thousand as of September 30, 2025, reflecting the company's significant leverage position[148] Expenses and Depreciation - The company reported a significant increase in depreciation and depletion expenses, totaling $507,433 thousand for the nine-month period ended September 30, 2025, compared to $293,964 thousand in 2024, representing a 72.7% increase[22] - Interest expense for the nine-month period ended September 30, 2025, was $113,260 thousand, significantly higher than $37,138 thousand in the same period of 2024, marking an increase of 205.5%[22] - The total income tax expense for the nine-month period ended September 30, 2025, was $(232,244) thousand, compared to $(77,181) thousand for the same period in 2024, showing an increase of 201.5%[109] - The effective tax rate for the nine-month period ended September 30, 2025, was 27%, up from 18% in the same period of 2024[109] Shareholder Activities - The company has created a share repurchase reserve of $179,324 thousand as of September 30, 2025, up from $129,324 thousand at the end of 2024[14] - The company repurchased 1,213,371 Series A shares for a total amount of $50,000 during the nine-month period ended September 30, 2025[170] - The company's share repurchase reserve increased to $179,324 as of September 30, 2025, compared to $129,324 as of December 31, 2024, reflecting a growth of approximately 38.7%[175] Business Combinations and Acquisitions - The company completed the acquisition of Petronas E&P Argentina S.A. for a total consideration of $1,406,441 thousand, which included $899,687 thousand paid in cash[34] - The company recognized the acquisition of Vista Lach as a business combination during the nine-month period ended September 30, 2025[55] - Vista Lach contributed $433,746 in revenue from contracts with customers and $187,214 to the company's profit before income tax since the acquisition date[199] - The company recorded a gain from the business combination of $490,530, classified under "Other operating income" due to the difference between the consideration paid and the net identifiable assets[198] Other Financial Metrics - The company recognized an impairment of $38,252 for the nine-month period ended September 30, 2025, which includes $38,229 related to property, plant, and equipment, and $23 related to other intangible assets[45] - The company recorded a loss from investments in associates of $3,746 for the nine-month period ended September 30, 2025, compared to a loss of $2,767 for the same period in 2024[163] - The company's total inventories increased to $12,772 as of September 30, 2025, compared to $6,469 as of December 31, 2024, reflecting a growth of approximately 97.5%[164]