Samos Energy Infrastructure (SAMOS) Q2 2025 earnings summary

Executive summary

• No lost time incidents (LTI) on floaters, maintaining high HSE standards.

• All three floaters achieved 100% uptime outside planned shutdowns.

• Owns and leases floating production platforms, with ongoing expansion through acquisitions.

• Merged subsidiaries into a single entity in 2024 for operational efficiency.

• No dividends declared for the period ended 30 June 2025.

Financial highlights

• Q2 2025 revenue: $8.7 million, down from $9.9 million in Q1 2025 due to a planned asset shutdown.

• Q2 2025 Adjusted EBITDA: $8.5 million.

• Q2 2025 net profit: $42,000, sharply lower than $10.1 million in Q1 2025.

• Cash and short-term deposits at Q2 2025: $19.5 million.

• Total assets at Q2 2025: $92.2 million; total liabilities: $76.7 million.

Outlook and guidance

• Management reiterates robust revenue and EBITDA outlooks through 2030.

• Actively pursuing further acquisitions of floating production platforms.

• Focus on maximizing fleet residual value and redeployment opportunities.

• Credit case assumes field cessation in 2028; management case in 2030.

• Revenue forecasts include scrapping value of floaters at contract end.