Samos Energy Infrastructure (SAMOS) Q4 2025 earnings summary

Executive summary

• No lost time incidents (LTIs) across all three vessels, maintaining high HSE standards.

• Operational uptime averaged 99.6% in Q4 2025, exceeding production forecasts by 13% due to additional workovers and new wells.

• Consolidated Adjusted Revenue for Q4 2025 was $10.6 million; Adjusted EBITDA was $9.1 million.

• Net cash generation surpassed forecasts, with $21.8 million cash on hand at year-end 2025.

• The group owns and leases floating production platforms, with principal operations in Jersey and subsidiaries in Malaysia and Singapore.

Financial highlights

• FY 2025 Consolidated Adjusted Revenue reached $42.7 million, with Adjusted EBITDA at $37.8 million.

• Group revenue declined to USD36.8 million in 2025 from USD45.6 million in 2024, mainly due to lower production tariffs.

• FY 2025 profit before tax was $10.3 million; net cash from operations for the year was $31.3 million.

• Net profit attributable to equity holders was USD244,000, down from USD8.5 million in 2024.

• Cash and short-term deposits at year-end 2025 totaled $15.1 million.

Outlook and guidance

• Management reiterates robust revenue and EBITDA outlooks, with 2025 EBITDA approximately $3 million above forecast.

• Management expects sufficient resources to meet obligations, relying on cash flows from subsidiaries.

• Forecasts assume continued strong performance and incremental revenue from asset life extensions.

• The group is assessing the impact of IFRS 18, effective from 2027, on future financial statements.

• Vessel scrap value supports debt, with net debt expected to fall below scrap value by Q2 2026.