Petrolia (PSE) H2 2025 earnings summary

Executive summary

• Operating revenue for H2 2025 rose 17% year-over-year to USD 32.5 million, driven by increased activity in Asia and Australia.

• EBITDA for H2 2025 was USD 5.2 million, down from USD 5.9 million in H2 2024 due to higher operating expenses.

• Net profit after tax for 2025 was USD 5.2 million, up from USD 3.3 million in 2024.

• Total comprehensive income for 2025 reached USD 7.5 million, a significant increase from USD 1.5 million in 2024.

Financial highlights

• H2 2025 operating revenue: USD 32.5 million (H2 2024: USD 27.7 million); full year 2025: USD 60.4 million (2024: USD 53.5 million).

• H2 2025 EBITDA: USD 5.2 million (H2 2024: USD 5.9 million); full year 2025: USD 12.2 million (2024: USD 13.8 million).

• H2 2025 operating profit: USD 1.1 million (H2 2024: USD 1.5 million); full year 2025: USD 4.5 million (2024: USD 5.9 million).

• H2 2025 net profit: USD 1.9 million (H2 2024: loss of USD 0.2 million); full year 2025: USD 5.2 million (2024: USD 3.3 million).

• Free cash at year-end 2025: USD 16.4 million (2024: USD 13.2 million).

Outlook and guidance

• Oil prices remained at profitable levels, but the oil industry is expected to remain volatile.

• The Energy Service Division anticipates continued uncertainty in the land rig market in Iraq.

• Decarbonisation efforts in Europe are advancing, supported by new German legislation enabling CCS.