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Deutsche Rohstoff (DR0) investor relations material
Deutsche Rohstoff CMD 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic direction and growth initiatives
Focus on US oil and gas production with operations in Wyoming, Colorado, and new expansion into Ohio's Utica Shale, targeting both oil and gas with a balanced portfolio.
Acquisition of acreage in Ohio for $11 million, aiming to build a significant land position in the Utica-Point Pleasant formation, leveraging technical expertise and recent M&A activity in the region.
Continued partnerships and joint ventures, including a $40 million partnership in the Powder River Basin and ongoing co-investment with Oxy since 2022.
Diversification through a significant stake in Almonty, a leading tungsten producer, with the Sangdong mine in South Korea starting production in 2025.
Emphasis on operational efficiency, with declining CAPEX per well and improved well performance, driving higher returns and faster payback periods.
Financial performance and guidance
9M 2025 revenue at EUR 150m (down 12.5% YoY), EBITDA at EUR 102m (down 16.8%), and net profit at EUR 22m (down 39.3%), impacted by lower oil prices, FX losses, and upfront costs.
Free cash flow improved to EUR 26m due to stable operations and lower CAPEX, with operating cash flow at EUR 119m.
Net debt reduced to EUR 144m, leverage ratio at 1.0x, and equity ratio at 40.6% as of September 2025.
2025 guidance reaffirmed at the upper end: revenue EUR 170–190m, EBITDA EUR 115–135m, with strong start expected for 2026.
EUR 50m bond issued in 2025, significantly oversubscribed, used to strengthen liquidity and reduce US credit lines.
Operational highlights and portfolio development
Daily production averaged 13,680 BOEPD in 9M 2025, with strong Chinook wells offsetting fewer new wells drilled.
Oil share of production continues to rise, supporting a positive revenue mix despite lower realized prices.
Successful 2025 drilling program in the Powder River Basin, with Chinook and Tuffy pads exceeding type curves and demonstrating high returns.
Over 100 potential wells identified in the PRB, ensuring long-term development and growth.
Expansion in Ohio's Utica Shale positions the company in a high-return, Tier 1 area with significant reserve potential.
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