TAG Oil (TAO) Q3 2025 earnings summary

Executive summary

• Reported interim financial results for Q3 2025, with updates on production and corporate leadership.

• Progress made on securing an industry partner and advancing agreements for further development in Egypt.

Financial highlights

• Cash and cash equivalents stood at C$3.95 million as of September 30, 2025, down from C$5.34 million on June 30, 2025.

• Working capital was C$3.53 million at quarter-end, compared to C$4.96 million at the end of the previous quarter.

• No debt reported as of September 30, 2025.

Outlook and guidance

• Ongoing efforts to secure an industry partner to accelerate drilling at the BED-1 field.

• Advancing towards execution of a definitive petroleum services agreement for the Southeast Ras Qattara concession.