Genel Energy Plc · LSE:GENL
Genel Energy — H1 2025 Earnings Presentation
10 slides from Genel Energy's earnings presentation, Aug 6, 2025
Slide 1: 2025 Half Year Results
2025 Half Year Results 6 August 2025 A socially responsible contributor to the global energy mix
Slide 2: Building from a resilient base
Building from a resilient base Progressing towards establishing a regular dividend STRONG & RESILIENT PLATFORM IN PLACE MAINTAIN STRONG BALANCE SHEET MAXIMISE RESILIENT CASH GENERATION DIVERSIFY CASH GENERATION WITH NEW PRODUCTION STRONG BALANCE SHEET Disciplined capital allocation Net cash $134 mil
Slide 3: Tawke PSC robust production with focused activity
Tawke PSC robust production with focused activity World class asset, with many years of production to come Active and effective well management has eee ON maintained operational performance Q2 impacted for 10 days by Middle East conflict Production 1H 2025 ~80,000bopd 84,000 80,000 82,000 76,000 75,
Slide 4: Free cash flow: H1 2025
Free cash flow: H1 2025 Core business has generated $5 million free cash flow P2025 36 38 75 Production business netback: $6 million Revenue Tawke spend (22) (22) (41) Tag Taq, Sarta, Qara Dagh, Morocco exited: Hes (8) (14) (22) no new cost, Production business netback 6 2 12 minimal residual liabil
Slide 5: Strong balance sheet
Strong balance sheet Significant cash and net cash position maintains resilience and optionality Bal. heet Net cash $134 m “milion increased from $131 milli t YE2024 treat KRG net net receivables receivables Bond re ced, now matures April 2030 53 as Cash of $225 million, priority is acquisition of n
Slide 6: Strategic objective to geographically diversify production
Strategic objective to geographically diversify production Build business that supports the establishment of a regular dividend programme — =< Oman is first step to diversify income streams, working with key partn i Multiple assets Multiple jurisdictions Cash generative, resilient production or clos
Slide 7: Oman Block 54
Oman Block 54 Phase 1 (3 years) commenced in May, first work programme results expected in Q1 2026 Block 54 located adjacent to existing fields and infrastructure along the flank of the prolific South Oman Salt Basin Initial activity focussed on the re- entry of an existing well to flow test discove
Slide 8: Somaliland Block SL10B13
Somaliland Block SL10B13 An opportunity for material resource addition from the existing portfolio Block SL10B13 straddles 18,000 km2 of a modern seismically defined basin conjugate to the prolific multi-billion barrel Yemeni basins Toosan-1 prospect targets prospective resources of 650 mmbbis acros
Slide 9: Forward focus
Forward focus i BUILD A BUSINESS WITH RESILIENT, DIVERSIFIED CASH FLOWS THAT | | DELIVERS CONSISTENT VALUE TO SHAREHOLDERS Net cash $134m Optimisation of Resumption of Acquisition of new cash generation exports can more assets for value Resilient asset than double accretive CERN GANT) Delve yonkey,
Slide 10: 2025 Half Year Results
2025 Half Year Results THANK YOU A socially responsible contributor to the global energy mix