Petrolia (PSE) H1 2026 earnings summary

Executive summary

• Operating revenue increased 15% year-over-year to USD 32.2 million in H1 2026, driven by higher activity in select regions.

• EBITDA declined to USD 6.5 million from USD 6.9 million due to a shift toward lower-margin revenue streams.

• Net profit after tax remained stable at USD 3.3 million, while total comprehensive income fell to USD 2.7 million from USD 5.6 million, mainly due to currency effects and increased depreciation.

• Shareholders' equity per share rose to USD 0.87, and free cash increased to USD 18.4 million.

Financial highlights

• Operating revenue: USD 32.2 million (H1 2026) vs. USD 27.9 million (H1 2025).

• EBITDA: USD 6.5 million vs. USD 6.9 million.

• Operating profit: USD 1.9 million vs. USD 3.4 million.

• Net profit after tax: USD 3.3 million (unchanged year-over-year).

• Total comprehensive income: USD 2.7 million vs. USD 5.6 million.

• Earnings per share: 5.37 cents vs. 5.64 cents.

Outlook and guidance

• The oil industry is expected to remain volatile due to fluctuating oil prices.

• The Energy Service Division anticipates continued market uncertainty, especially in Iraq.

• Decarbonisation and CCS initiatives in Europe are progressing, with regulatory support in Germany and ongoing project tenders.