Business
2025 Half Year Results
2025 Half Year Results.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n\n2025 Half Year Results\n \nStrong first-half operational and financial performance\nFull-year 2025 guidance reiterated\n \n30 September 2025 – Singapore: Jadestone Energy plc (AIM:JSE) (\"Jadestone\" or the \"Company\"), an independent upstream production and development company and its subsidiaries (the \"Group\"), focused on the Asia-Pacific region, reports its unaudited condensed consolidated interim financial statements, as at and for the six-month period ended 30 June 2025 (the \"financial statements\"). \n \nManagement will host a webcast at 9:00 a.m. UK time today, details of which can be found in the announcement below.\n \nH1 2025 Operational Highlights\n \nl A total of over 11.7 million manhours worked across the Group without a lost-time injury.\nl Record production of 20,368 boe/d (H1 2024: 16,867 boe/d) from a diversified production base, representing 21% growth year-on-year, underpinned by a strong performance from Akatara.\nl T. Mitch Little appointed as Chief Executive Officer in June 2025, bringing significant operational and management experience from over three decades in the upstream industry with Marathon Oil Company.\nl Sale of Thailand assets for a total consideration of US$39.4 million, with a further US$3.5 million in cash payable contingent on future license extensions, representing active portfolio management and disciplined capital allocation.\nl In March 2025 the Group submitted a Field Development Plan (\"FDP\") for the Nam Du/U Minh discoveries offshore Vietnam.\nl The Skua-11ST development well at Montara was drilled safely, with initial production rates significantly ahead of expectations when brought onstream post period end. \n \nH1 2025 Financial Highlights\n \nl Profit after tax of US$32.8 million (H1 2024 loss after tax of US$31.1 million).\nl Revenues (post-hedging) of US$228.3 million (H1 2024: US$185.1 million), up 23% year-on-year.\nl Adjusted unit operating costs of US$24.70/boe (H1 2024: US$31.72/boe), down 22% year-on-year, driven by a focus on cost control across the Group.\nl Adjusted EBITDAX of US$100.6 million (H1 2024: US$60.2 million), up 67% year-on-year.\nl Op...