Business
Financial results for Q3 and 9M 2025
Nostrum Oil & Gas PLC reported financial results for the nine months ended September 30, 2025, with revenue of $85.5 million, down from $101.4 million in the prior year, impacted by lower Brent crude oil prices and natural field decline, though offset by increased processing volumes and improved efficiencies leading to a 28% reduction in operating expenses per barrel processed. The company maintained a strong liquidity position with $147.3 million in unrestricted cash and $21.6 million in net positive operating cash flow before one-off items, despite a net debt increase to $501.3 million primarily due to capitalized interest and fair value adjustments. Operational highlights include a 33% increase in average processed volumes to 23,596 boepd and an 18.5% rise in titled production to 16,300 boepd, alongside progress on the Stepnoy Leopard Fields development and an extended processing agreement with Ural O&G. Disclaimer*
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n \nFOR IMMEDIATE RELEASE\n \n \nLondon, 25 November 2025\n \n \n \nFinancial results for the third quarter and nine months ended 30 September 2025\n \nNostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\", or the \"Company\" and together with its subsidiaries, the \"Group\"), an independent mixed-asset energy company with world-class gas processing facilities and export hub in north-west Kazakhstan, is pleased to announce its financial results for the third quarter and nine months ended 30 September 2025 (the \"Results\").\n \nViktor Gladun, Chief Executive Officer of Nostrum Oil & Gas, commented:\n \n\"Nostrum remains firmly focused on strengthening its commitment to strong leadership, strategic growth and the highest standards of health and safety. I am pleased to welcome Robert Wynne to the Board of Directors as a Non-Executive Director, bringing extensive commercial experience and technical expertise in the oil and gas industry. \n\nDuring the first nine months of 2025, Nostrum demonstrated resilience and disciplined execution despite a challenging environment marked by weaker oil prices and the natural production decline of the mature Chinarevskoye field. We delivered an EBITDA of US$26.8 million, complemented by a 28% reduction in operating expenses per barrel processed, which reflects our improved processing efficiencies and growth in third-party volume processing. \n\nAdditionally, we maintained a strong liquidity position, with net positive operating cash flow over the nine months of US$21.6 million before one-off items and unrestricted cash of US$147.3 million as of the period end. These results highlight the stability of our operations and the reliability of our infrastructure.\n \nLooking ahead, we remain deeply committed to create sustainable value for all our stakeholders and contributing positively to Kazakhstan's energy sector.\"\n \n \n9M 2025 Highlights:\n \nFinancial\n· Revenue of US$85.5 million (9M 2024: US$101.4 million). The...