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Hemisphere Energy Announces 2025 Third Quarter Results, Declares Quarterly Dividend, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Hemisphere Energy Corporation...
About this update from Hemisphere Energy Corp
[{"type":"text","content":"Hemisphere Energy Announces 2025 Third Quarter Results, Declares Quarterly Dividend, and Provides Operations UpdateVancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (\"Hemisphere\" or the \"Company\") provides its financial and operating results for the three and nine months ended September 30, 2025, declares a quarterly dividend payment to shareholders, and provides an operations update.Q3 2025 HighlightsAttained quarterly production of 3,571 boe/d (99% heavy oil).Generated quarterly revenue of $23.1 million.Achieved total operating and transportation costs of $15.50/boe.Delivered operating netback1 of $13.6 million or $41.39/boe for the quarter.Realized quarterly adjusted funds flow from operations (\"AFF\")1 of $10.1 million or $30.59/boe.Initiated a 2025 fall drilling program with $5.2 million in capital expenditures1. Generated quarterly free funds flow1 of $4.9 million.Exited the third quarter with a positive working capital1 position of $11.0 million.Paid a special dividend of $2.9 million ($0.03/share) to shareholders on August 15, 2025.Paid a quarterly base dividend of $2.4 million ($0.025/share) to shareholders on September 12, 2025.Purchased and cancelled 1.0 million shares for $1.9 million under the Company's Normal Course Issuer Bid (\"NCIB\").Renewed the Company's NCIB.(1) Operating netback, adjusted funds flow from operations (AFF), free funds flow, capital expenditures, and working capital are non-IFRS measures, or when expressed on a per share or boe basis, non-IFRS ratio, that do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other entities. Non-IFRS financial measures and ratios are not standardized financial measures under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Refer to the section \"Non-IFRS and Other Specified Financial Measures\". Selected financial and operational highlights should be read in conjunction with Hemisphere's unaudited condensed interim consolidated financial statements and related notes, and the Management's Discussion and Analysis for the three and nine months ended September 30, 2025 which are available on SEDAR+ at www.sedarplus.ca and on Hemisphere's website at www.hemisphereenergy.ca...