Deutsche Rohstoff (DR0) AGM 2026 presentation summary

Strategic positioning and operational highlights

• Achieved record oil reserves of 79 million BOE and strong production growth, targeting over 20,000 BOEPD in H2 2026 with CAPEX of €215–235m for 26 new wells, including advanced 3-mile wells.

• Diversified multi-basin portfolio with operations in Wyoming, Colorado, and Ohio, and strategic land acquisition in the Utica Shale, targeting high-return wells and expanding production base.

• Metals portfolio strengthened by Almonty stake (market value ~€230m) and junior mining investments in gold, lithium, and copper, with realized and unrealized gains.

Financial performance and capital structure

• Revenue nearly tripled since 2021, reaching €195m in 2025, with EBITDA consistently above €130m since 2022 and low leverage (net debt/EBITDA ~0.5x in 2026).

• Cash and cash equivalents rose to ~€150m in Q1 2026, supporting strong liquidity and investment capacity.

• Asset value exceeds €1bn, combining proved reserves, cash, and Almonty stake, with financial liabilities well covered.

• Dividend per share increased to €2.25 for 2026, with total dividends and share buybacks since IPO exceeding €76m.

Capital markets and shareholder value

• Share price outperformed sector indices, with a 570% increase since 2019 and rising trading volumes and shareholder base.

• Multiple award-winning bond issuer, with €422m in total issuances and bonds consistently trading above par.

• Share buyback programs actively executed, with new authorization to repurchase up to 10% of shares until 2031.