TAG Oil (TAO) Q4 2025 earnings summary

Executive summary

• Production from two wells at the Badr Oil Field in Egypt averaged 80 bopd in Q4 2025 and 84 bopd for the full year, with cumulative production exceeding 83,000 barrels.

• Oil sales reached $1.39 million for 2025, up from $0.86 million in 2024, while net loss narrowed to $4.8 million from $6.3 million year-over-year.

• Operations in Egypt advanced, including an extension of the BED-1 evaluation period to October 2028 and regular crude deliveries to processing facilities.

Financial highlights

• Oil sales increased to $1.39 million in 2025 from $0.86 million in 2024.

• Net loss reduced to $4.8 million in 2025 from $6.3 million in 2024.

• Cash balance at year-end 2025 was $2.5 million, with working capital of $1.9 million.

Outlook and guidance

• Brokered financing of $11.5 million completed in February 2026 to fund appraisal and development at BED-1 and Southeast Ras Qattara.

• Plans to drill two additional wells and evaluate the Abu Roash "F" reservoir.

• Ongoing evaluation of joint ventures and strategic acquisitions in Egypt and the MENA region.