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Pharos Energy posted a $2.2M loss in H1 2025, down from a $2.7M profit in 2024, due to re-measurement charges and lower profits, despite stable output and strong cash flow.
Pharos Energy reported a net loss of $2.2 million for the first half of 2025, down from a $2.7 million profit in 2024, due to re-measurement charges and lower pre-tax profit, despite stable production of 5,642 barrels of oil equivalent per day and strong cash generation of $31.9 million.
The company maintained a debt-free status, increased its net cash balance to $22.6 million, and raised its interim dividend by 10%.
Improved fiscal terms and a 25% rise in reserves in Egypt, along with preparations for a six-well drilling campaign in Vietnam, underscored ongoing development progress.
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Pharos Energy registró una pérdida de $2.2M en el primer semestre de 2025, por debajo de una ganancia de $2.7M en 2024, debido a cargos de revalorización y menores ganancias, a pesar de una producción estable y un fuerte flujo de efectivo.