Logotype for Ithaca Energy plc

Ithaca Energy (ITH) investor relations material

Ithaca Energy H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Ithaca Energy plc
H1 2025 earnings summary20 Aug, 2025

Executive summary

  • Delivered record H1 2025 production of 123.6–133,600 barrels/day and adjusted EBITDAX over $1.1 billion, supporting an upward revision in full-year production guidance and strong operational and safety improvements, including a >50% reduction in incident frequency.

  • Upgraded FY 2025 production guidance to 119,000–125,000 barrels/day, reflecting robust H1 performance, operational outperformance, and successful acquisitions.

  • Declared $167 million interim dividend and accelerated $133 million second interim dividend, reaffirming a $500 million full-year dividend target.

  • Executed strategic acquisitions, including increased stakes in Seagull and Cygnus fields and the JAPEX UK acquisition, enhancing production and reserves.

  • Strengthened balance sheet with leverage ratio at 0.32x and available liquidity exceeding $1.2 billion.

Financial highlights

  • H1 2025 production averaged 123.6–133,600 barrels/day, with OpEx at $17.5/barrel and a 59% liquids, 41% gas split.

  • Adjusted EBITDAX reached $1,117 million; net cash from operations exceeded $1 billion.

  • Net loss of $217.5 million in H1 2025 due to a one-off, non-cash deferred tax charge of $327.6 million from EPL extension.

  • Adjusted net debt at $671 million; pro forma leverage at 0.32x EBITDAX.

  • Available liquidity at $1.2 billion, with total facilities up to $1.9 billion and a $700–735 million accordion facility.

Outlook and guidance

  • FY 2025 production guidance upgraded to 119,000–125,000 barrels/day, with an exit rate expected at 140,000 barrels/day post-acquisitions.

  • OpEx guidance lowered to $790–840 million, targeting $17–19/barrel for the year despite FX headwinds.

  • Net producing asset capex guidance increased to $630–670 million; Rosebank project capex to $230–270 million.

  • Cash tax payment guidance increased to $270–300 million due to higher production and profits.

  • Dividend target of $500 million reaffirmed, with accelerated payment schedule.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Ithaca Energy earnings date

Logotype for Ithaca Energy plc
H2 202525 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Ithaca Energy earnings date

Logotype for Ithaca Energy plc
H2 202525 Mar, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Ithaca Energy plc provides oil and gas exploration, development, and production services in the United Kingdom. It specializes in three core areas: the North Sea, with its principal asset being the Etive field; onshore UK with interests in the Southern North Sea and Central North Sea; and international oil & gas exploration. The company was incorporated in 2004 and is based in London, the United Kingdom.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage