NG Energy International (GASX) Q2 2025 earnings summary

Executive summary

• Achieved average daily production of 15.67 MMcf/d YTD 2025, with Sinú-9 and Maria Conchita as key contributors.

• Sinú-9 production ramped up to 22.0 MMcf/d by end of Q2 2025, expected to reach 60.0 MMcf/d by Q1 2026.

• Maria Conchita production impacted by mechanical issues but anticipated to recover with new wells and recompletion.

• Focus for H2 2025 is on optimizing operations, ramping up production, and executing an extensive drilling campaign.

Financial highlights

• Quarterly sales revenue reached US $10.0 million in Q2 2025.

• Cash flow from operations was -US $1.6 million in Q2 2025, impacted by one-time expenses for Sinú-9 facility upgrades.

• Realized prices: US $6.23/Mcf at Sinú-9 and US $8.33/Mcf at Maria Conchita YTD 2025, with spot prices exceeding US $12/Mcf in August.

Outlook and guidance

• Sinú-9 production expected to increase to 30.0 MMcf/d by end of August, 45.0 MMcf/d in short term, and 60.0 MMcf/d by Q1 2026.

• Maria Conchita production projected to reach 25 MMcf/d by year-end after well interventions.

• Extensive drilling campaign at Sinú-9 and Maria Conchita planned for H2 2025.