Invictus Energy (IVZ) H2 2026 earnings summary

Executive summary

• Advanced Cabora Bassa Project with key milestones: secured Petroleum Production Sharing Agreement (PPSA), National Project Status, and three-year licence renewal for core assets.

• Raised A$10 million to fund Musuma-1 exploration well, targeting significant gas and condensate resources.

• Progressed commercialisation pathways for Mukuyu discovery, including environmental approval for pilot production.

• Deepened partnerships with Zimbabwean stakeholders and expanded corporate growth strategy across Africa.

Financial highlights

• Net loss after tax: $6,541,741 for FY2026, compared to $4,966,815 loss in FY2025.

• Basic loss per share: $0.38 (FY2025: $0.30).

• Cash and cash equivalents at year-end: $10,885,755 (FY2025: $8,677,024).

• Exploration and evaluation expenditure capitalised: $131,416,727 (FY2025: $127,942,928).

• No dividends declared or paid.

Outlook and guidance

• Musuma-1 well to spud in November 2026, representing a major near-term catalyst.

• Continued appraisal planning at Mukuyu Gas Field and pursuit of strategic/funding partners.

• Ongoing evaluation of new venture opportunities to diversify revenue base.

• Intention to develop Cabora Bassa Basin Gas Condensate project, potentially funded by debt, equity, or farm-in partners.