Deutsche Rohstoff (DR0) investor relations material

Executive summary

• Revenue for H1 2026 reached €110m, up 8% year-over-year, with full-year revenue expected at €300–320m.

• EBITDA for H1 2026 was €205.2m, up 191% year-over-year, with full-year guidance of €380–400m.

• Net income after minorities for H1 2026 was €134.7m, a 769% increase year-over-year; EPS rose to €28.42.

• Production is set to rise from 13,501 BOEPD in H1 to 24,000–26,000 BOEPD in H2 2026, with 20 new wells online and expansion into new acreage.

• Share price increased 90% year-to-date, with market capitalization up 130% to €437m.

Financial highlights

• H1 2026 revenue: €110m (+8% YoY); EBITDA: €205.2m (+191% YoY); EBIT: €146.6m (+411% YoY); net income after minorities: €134.7m (+769% YoY).

• Earnings per share rose to €28.42 from €3.20 (+788% YoY).

• Free cash flow for H1 2026 was €42.5m, up 74% year-over-year.

• Cash and cash equivalents at half-year: €133.2m (+92% YoY); equity ratio improved to 44.7%.

• Dividend increased to €2.25 per share (+13% YoY).

Outlook and guidance

• Full-year 2026 revenue expected at €300–320m; EBITDA at €380–400m.

• 2027 revenue guidance: €320–340m (base), €370–390m (high); EBITDA: €240–260m (base), €280–300m (high).

• Annual production for 2026 forecast at 18,500–20,000 BOEPD, with H2 2026 at 24,000–26,000 BOEPD.

• Drilling program expanded to 32 gross wells, with most new wells contributing to 2027 results.

• CAPEX for 2026 increased to €320m, with 32 operated and 9 non-operated wells planned.