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Hemisphere Energy Declares Special Dividend and Announces 2025 Fourth Quarter and Year-End Financial and Operating Results
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Hemisphere Energy Corporation&#x...
About this update from Hemisphere Energy Corp
[{"type":"text","content":"Hemisphere Energy Declares Special Dividend and Announces 2025 Fourth Quarter and Year-End Financial and Operating ResultsVancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (\"Hemisphere\" or the \"Company\") is pleased announce that its Board of Directors has approved the declaration of a special dividend to shareholders, as well as provide its financial and operating results for the fourth quarter and year ended December 31, 2025.Special DividendSupported by the current strength in oil pricing and consistent 2026 first-quarter production performance of approximately 3,800 boe/d (99% heavy oil), Hemisphere's Board of Directors has approved a special dividend of $0.03 per common share under its dividend policy. The special dividend will be paid on May 28, 2026 to shareholders of record on May 14, 2026, and is designated as an eligible dividend for Canadian income tax purposes. This is in addition to the Company's special dividend of $0.03 per common share to be paid on April 28, 2026 to shareholders of record on April 15, 2026 which was previously announced on March 11, 2026.2025 Highlights Increased annual production by 6% to a record 3,645 boe/d (99% heavy oil). Generated annual revenue of $93.9 million. Achieved $42.9 million in annual adjusted funds flow from operations (\"AFF\")(1).Invested $16.3 million in capital expenditures(1) focused on Hemisphere's long life, low decline assets.Generated $26.6 million of annual free funds flow (\"FFF\")(1), an 11% increase over annual 2024 FFF.Achieved total operating and transportation costs of $15.14/boe. Distributed $9.6 million in quarterly base dividends to shareholders during the year.Distributed $5.8 million in special dividends to shareholders during the year.Returned $6.5 million to shareholders during the year with the purchase and cancellation of 3.5 million shares under the Company's normal course issuer bid (\"NCIB\"), at an average price of $1.88/share. Exited 2025 with a positive working capital(1) position of $8.6 million compared to $6.4 million at year-end 2024.Note:(1) Non-IFRS financial measure that is not a standardized financial measure under International Financial Reporting Standards (\"IFRS\") and may not be comparable to similar financial measures disclosed by other issuers. Refe...