Core Insights - Kolibri Global Energy reported a 15% increase in production to an average of 4,013 BOEPD in 2025, achieving a compound annual growth rate of 35% over the last three years [2][11] - The company generated $56.9 million in net revenue and $42.1 million in Adjusted EBITDA for 2025, reflecting a decrease of 3% and 4% respectively compared to 2024 [3][10] - The total proved reserves increased by 1% to 40.8 million barrels of oil equivalent, with a net present value (NPV10) of $440.7 million [3][10] Financial Performance - Net income for 2025 was $15.5 million ($0.44 per basic share), down from $18.1 million ($0.51 per basic share) in 2024, attributed to lower average prices and increased operating expenses [3][6] - Average production costs per barrel decreased by 1% to $7.33 per BOE in 2025, while netback from operations fell by 18% to $31.49 per BOE due to lower average prices [3][12] - Capital expenditures doubled to $62.6 million in 2025, driven by increased drilling activity and costs associated with operational challenges [14] Production and Revenue Breakdown - Oil revenues before royalties decreased by 8% to $63.0 million, while natural gas revenues increased by 126% to $3.9 million due to higher production and prices [10] - The average price per barrel fell by 16% to $49.22, impacting overall revenue despite increased production [3][10] - The company reported a 15% increase in production volume, with the new wells contributing significantly to the output [11][18] Operational Highlights - The company faced operational delays due to a drill pipe failure, which affected the fourth quarter production [4] - New wells that began production at the end of 2025 are expected to enhance cash flow and production figures in 2026 [4][5] - The 2026 drilling program is being finalized, with expectations for lower capital expenditures compared to 2025 [5]
Kolibri Global Energy Announces Year End Results With a 15% Increase in Production to Over 4,013 BOEPD