Deutsche Rohstoff (DR0) Q3 2025 earnings summary

Executive summary

• Achieved strong operational performance in Q3 2025, with production from 220 wells and the drilling program on schedule; six new wells commissioned and strategic acquisitions in Salt Creek and Bright Rock completed.

• Share price reached a new all-time high, and a new €50 million corporate bond was successfully placed, strengthening the financial base.

• Revenue for the first nine months was €150 million, down 12.5% year-over-year due to lower production and oil prices, but offset by higher gas prices and oil share.

• Net profit declined to €22.0 million (€4.59 per share) from €36.2 million (€7.32 per share) due to lower volumes, oil prices, and €6 million in charges, mainly from FX losses and upfront costs.

Financial highlights

• Revenue: €150.1 million for 9M 2025, down from €171.6 million in 9M 2024 (-12.5%).

• EBITDA: €101.7 million, down from €122.2 million year-over-year.

• Operating cash flow stable at €118.8 million (prior year: €119.1 million).

• Net profit: €22.0 million, down from €36.2 million year-over-year.

• Earnings per share: €4.59 (prior year: €7.32).

• Net debt reduced by over 8% to €144 million.

• Equity ratio at 40.6%.

Outlook and guidance

• On track to achieve 2025 guidance, targeting revenue of €170–190 million and EBITDA of €115–135 million, likely at the upper end.

• Entering 2026 with strong volumes, solid financial foundation, and continued expansion in Ohio and non-operated partnerships.