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Ithaca Energy Expects Full Year 2025 Production In Range Of 105-115 Kboe/D

ReutersMar 26, 2025 7:30 AM

- Ithaca Energy PLC ITH.L:

  • FY ADJUSTED EBITDAX USD 1,405 MILLION VERSUS. IBES ESTIMATE USD 1,357 MILLION

  • FY BASIC EPS USD 0.132

  • FY ADJUSTED FREE CASH FLOW USD 853.3 MILLION

  • WE EXPECT FULL YEAR 2025 PRODUCTION IN RANGE OF 105-115 KBOE/D

  • REAFFIRMING DIVIDEND POLICY FOR 2025 TARGETING DIVIDEND OF 30% POST-TAX CFFO, WITH A DIVIDEND TARGET OF $500 MILLION FOR FY 2025

  • FY 2025 NET ROSEBANK PROJECT CAPITAL COST GUIDANCE RANGE OF $190-230 MILLION

  • BEYOND 2025, GROUP EXPECTS TO SUSTAIN PRODUCTION ABOVE 100 KBOE/D IN MEDIUM-TERM

  • SIGNIFICANT GAS HEDGING ACTIVITY THROUGHOUT Q1

  • $9 BILLION OF TOTAL PRE-TAX CASH FLOW FROM OPERATIONS FROM 2P RESERVES OVER NEXT FIVE YEARS (2025 TO 2029) AT $80/BBL AND 85P/THERM

  • HAS INITIATED A RESTRUCTURING PROCESS AIMED AT CREATING AN OPTIMISED ORGANISATION TO SUPPORT ITS NEXT PHASE OF GROWTH

  • RESTRUCTURING EXERCISE IS EXPECTED TO IMPACT A SMALL PORTION OF OUR WORKFORCE, WITH INTENTION TO COMPLETE THIS PROCESS BY 1 JULY 2025

  • FY ADJUSTED NET INCOME USD 323.6 MILLION VERSUS. IBES ESTIMATE USD 199.5 MILLION

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