Business
2025 INTERIM RESULTS
Enwell Energy PLC announced its interim results for the six months ended June 30, 2025. The company reported revenue of $3.4 million, a significant decrease from $23.7 million in the first half of 2024. Gross profit also declined to $1.4 million from $15.5 million. Operating profit decreased to $1.0 million, compared to $16.9 million in the prior year. The company experienced a net loss of $1.4 million, a shift from a $12.6 million profit in the first half of 2024. Average daily production was 1,865 boepd. Despite these challenges, cash and cash equivalents stood at $100.7 million as of June 30, 2025, and $100.2 million as of September 22, 2025. Disclaimer*
About this update from Enwell Energy Plc
[{"type":"text","content":"\n\n30 September 2025\n \n \n \nENWELL ENERGY PLC\n \n2025 INTERIM RESULTS\n \nEnwell Energy plc (\"Enwell Energy\" or the \"Company\", and together with its subsidiaries, the \"Group\"), the AIM-quoted (AIM: ENW) oil and gas exploration and production group, is pleased to announce its unaudited results for the six month period ended 30 June 2025.\n \nHighlights\n \nOperational\n\n\n\n\n \n\n\n \n\n\n\n\n· \n\n\nAggregate average daily production of 1,865 boepd (1H 2024: 2,077 boepd) (in each case calculated on the days when the Group's fields were actually in production)\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nAggregate production volumes for the period of 48,962 boe (1H 2024: 377,968 boe)\n \n\n\n\n\nFinancial\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nRevenue of $3.4 million (1H 2024: $23.7 million), down 86% primarily as a result of the suspension of production early in the period\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nGross profit of $1.4 million (1H 2024: $15.5 million), down 91% \n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nOperating profit of $1.0 million (1H 2024: $16.9 million), down 94% predominantly as a result of the suspension of production early in the period\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nNet loss of $1.4 million (1H 2024: $12.6 million profit)\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nCash and cash equivalents of $100.7 million as at 30 June 2025 (30 June 2024: $93.7 million), and of $100.2 million as at 22 September 2025 \n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nAverage realised gas and condensate prices in Ukraine were $377/Mm3 (UAH15,836/Mm3) and $63/bbl respectively, with no LPG produced in the period (1H 2024: $306/Mm3 (UAH11,919/Mm3) gas, $74/bbl condensate and $149/boe LPG)\n\n\n\n\nOutlook\n\n\n\n\n\n\n\n\n\n\n\n\n· \n\n\nThe Russian invasion of Ukraine in February 2022 has had and continues to have a significant impact on all aspects of life in Ukraine, including the Group's business and operations. The scale and duration of disruption to the Group's business continues to be difficult to predict, and there remains significant uncertainty...