Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Q1 2026 Earnings Presentation
37 slides from Dana Gas Pjsc's earnings presentation, June 2026
Slide 1: Cleaner Energy for the Future
Corporate Presentation Cleaner Energy for the Future June 2026
Slide 2: Contents
Contents 1. Dana Gas At a Glance Page 4 2. Why Invest in Dana Gas Page 8 3. Performance Snapshot Page 10 4. Operational Performance Page 11 5. Sustainability Page 21 6. Financial Performance Page 24 7. In Closing Page 32 2
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections abo
Slide 4: 1. Dana Gas At a Glance
CLEANER ENERGY FOR THE FUTURE 1. Dana Gas At a Glance 4
Slide 5: Dana Gas At a Glance
Dana Gas At a Glance A growth-focused regional gas company listed on the Abu Dhabi Securities Exchange What We Do Where We Operate By the Numbers* Produce and deliver domestic Market Cap Net production ** gas, condensate and LPG to the KRI and Egypt, supplying critical TURKEY Kurdistan Region of Ira
Slide 6: Group Structure
Group Structure Strategic partnerships anchored in Pearl Petroleum Dana Gas PJSC Pearl Petroleum, formed in 2009 by Crescent Petroleum and Dana Gas, is a five-shareholder partnership, including four listed entities across Europe and the Middle East. 100% 100% Established in 2009 by Crescent Petroleu
Slide 7: Dana Gas's Competitive Positioning versus Global Peers
Dana Gas's Competitive Positioning versus Global Peers EBITDA margin (%) for FY 25A Dividend Yield (%) for FY 25A Dana Gas 74.4% Dana Gas ranks #1 Energean PLC 10.2% Energean PLC 61.4% Dana Gas 7.6% Dana Gas ranks #2 Saudi Arabian Oil Co 51.8% ADNOC Gas PLC 5.5% Occidental Petroleum 51.3% Saudi Arab
Slide 8: 2. Why Invest in Dana Gas
CLEANER ENERGY FOR THE FUTURE 2. Why Invest in Dana Gas 8
Slide 9: Why Invest in Dana Gas
Why Invest in Dana Gas Strong cash flow generation, dividend distribution and substantial organic growth potential 2P gas reserves of over 1 billion boe net to Dana Gas 50% processing capacity increase in KRI in 2026; touched 700MMscf/d from World-class gas reserves; with huge 1 growth potential 500
Slide 10: 3. Performance Snapshot
CLEANER ENERGY FOR THE FUTURE 3. Performance Snapshot 10
Slide 11: Latest Earnings Update – Q1 2026
Latest Earnings Update – Q1 2026 Financial Liquidity Net profit +72% to $74m, including following KM250 start up are expected Cash balance: $228m (incl. $95m at Strong balance sheet; net cash position $48m one-off metering adjustment. to be transitional with higher capacity Pearl JV) Partially offse
Slide 12: 4. Operational Performance
CLEANER ENERGY FOR THE FUTURE 4. Operational Performance 12
Slide 13: KRI: World Class Assets and Low-Cost Production
KRI: World Class Assets and Low-Cost Production Partnering to deliver reliable, long-term energy supply to the Kurdistan Region of Iraq Pearl Petroleum holds 100% WI in the PDA covering Khor Mor, Chemchemal, and exploration Blocks 19 & 20 Khor Mor is producing; Chemchemal development field next phas
Slide 14: Years of Reliable Production; Significant Growth to Come
18 Years of Reliable Production; Significant Growth to Come KM250 expansion increases capacity, with production expected to ramp up as operating conditions normalise KM250 to increase production capacity by c. 50% (2026 onwards) 1100 1000 Second bypass Reached First bypass project project brings gas
Slide 15: KRI: Resilient Operations Driving Steady Growth
KRI: Resilient Operations Driving Steady Growth Strong operational performance with increased capacity following KM250 completion Operations Development & Growth Commercial & Cashflow Q1 2026 production (DG Share): 40,100 KM250 expansion completed in October Strong collection performance with boepd
Slide 16: KM250: Completed Ahead of Schedule – Unlocking the Next Phase of Growth
KM250: Completed Ahead of Schedule – Unlocking the Next Phase of Growth Significant increase in processing capacity; ramp-up underway Delivering Step-Change in Capacity and Cash Flow Project completed and commissioned in October 2025, eight months ahead of the revised schedule Adds 250 MMscf/d of ne
Slide 17: KM250: Additional Site Images
KM250: Additional Site Images 17
Slide 18: Chemchemal: High-Impact Growth Beyond KM250
Chemchemal: High-Impact Growth Beyond KM250 Appraisal underway for Pearl’s second gas field in the KRI. Long-term potential comparable in scale to Khor Mor. Chemchemal Project Highlights Reserves Overall Field Layout Stage: Estimated total volume initially Field development plan approved by the KRG
Slide 19: Egypt: Trusted Deliverer
Egypt: Trusted Deliverer 19 years of reliable gas supply, increased production for the first time since 2017 and receivables fully normalized Egypt Offers Diversified Production and Cash Flow Dana Gas Egypt (DGE) has been operating in Egypt since 2007; currently the 7th largest gas producer in the c
Slide 20: Egypt: Unlocking Value Through Focused Reinvestment
Egypt: Unlocking Value Through Focused Reinvestment Self funded investment programme driving production stabilisation and growth $100 million, two-year programme launched following signing of Historical Production Profile kboepd Consolidated Concession Agreement (2024) • Programme aims to drill 11 w
Slide 21: UAE Gas Project – Material Monetization Opportunity
UAE Gas Project – Material Monetization Opportunity Arbitration process underway with confirmed first arbitration award of $607 million and significant additional claim in progress The UAE Gas Project involves the purchase of 600 MMscf/d imported gas sourced from the National Iranian Oil Company (NI
Slide 22: 5. Sustainability
CLEANER ENERGY FOR THE FUTURE 5. Sustainability 22
Slide 23: Delivering Measurable Sustainability Impact Across Our Operations
Delivering Measurable Sustainability Impact Across Our Operations Dana Gas reported a carbon As the main domestic gas We are committed to safe, We continue to focus on intensity of 13.03 kg supplier in the KRI and a responsible operations, emissions management CO2e/boe in 2025, reflecting long-stand
Slide 24: Delivering Measurable Sustainability Impact Across Our Operations (contd.)
Delivering Measurable Sustainability Impact Across Our Operations (contd.) 2025 sustainability performance highlights Performing Responsibly Safeguarding Our Workforce and Assets Contributing to In-Country Value Significant spills over Voluntarily offset CO2e Lost-Time Incident free at Safety observ
Slide 25: 6. Financial Performance
CLEANER ENERGY FOR THE FUTURE 6. Financial Performance 25
Slide 26: Production
Production Egypt production up 4% YoY; first production growth since 2021 KRI production slightly down 3% due to regional security environment Average Production Q1 2025 vs Q1 2026 (kboepd) Average Production Q4 2025 vs Q1 2026 (kboepd) 55.9 53.8 53.2 LPG 53.2 LPG 6.0 5.4 5.1 5.1 Condensate Condensa
Slide 27: Realized Prices
Realized Prices Egypt benefited from higher oil prices (condensate +7% and LPG +26%) KRI condensate prices constrained due to discounted pricing dynamics in Iraq; LPG stable under annual contracts; gas expected to increase in Q2 as higher oil prices feed through Average Realized Price – Condensate $
Slide 28: Revenue Highlights
Revenue Highlights Revenue increased to $145m (+59%), driven by a $48m one-off gas metering adjustment for the period November 2018 to March 2024 Underlying revenue +$6m YoY, supported by higher production in Egypt and gas sales volumes in KRI following KM250 completion; partially offset by lower re
Slide 29: Revenue Highlights (FY 2025)
Revenue Highlights ( FY 2025) Revenue for FY 2025 was lower than the FY 2024 figure which included an extraordinary $46m of additional revenue resulting from the higher gas price agreed as part of the Consolidation Agreement. Excluding this one-time item, the like-for-like decline reflects lower pro
Slide 30: Profit Highlights
Profit Highlights Net profit +72% YoY, driven by $48m metering adjustment related to one-off positive adjustment in gas metering reconciliation for period of Nov 2018 to Mar 2024 in KRI, partially offset by a $6 million one-off drilling cost write off in Egypt Underlying net profit lower, reflecting
Slide 31: Profit Highlights (FY 2025)
Profit Highlights ( FY 2025) Profitability declined 14% year on year, primarily due to lower production in Egypt, softer realised prices, and higher operating costs; partly offset by higher production in the KRI, lower impairments, and reduced finance and DD&A charges Net Profit $million EBITDA $mil
Slide 32: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights Cost base reflects KM250 start-up; continued discipline across operations OPEX and G&A remain efficient and within top quartile around $4.0/boe Higher operating, depreciation and finance costs following KM250 completion; Q1 reflects first full quarter of these costs, wh
Slide 33: Balance Sheet Evolution
Balance Sheet Evolution Strong liquidity position; improved collections and enhanced financial flexibility Strong balance sheet with low leverage and net cash position Dana Gas Borrowing ($million) Cash balance of $228m at end-March 2026 350 Dana Gas Corporate Debt • Incl. $95m held at Pearl Petrole
Slide 34: Receivables and Collections
Receivables and Collections Strong collections performance; Egypt receivables fully settled post-period Total collections of $68m in Q1 2026 2025 Full Year ($million) Q1 2026 ($million) KRI Egypt (168% Realisation) Egypt (50% Realisation) • $60m collected in Q1; continued strong payment 16 (8) 59 pe
Slide 35: 7. In Closing
CLEANER ENERGY FOR THE FUTURE 7. In Closing 35
Slide 36: Focused on Delivering Growth, Strengthening Cash Flow and Continuing to Create Shareholder Value
Focused on Delivering Growth, Strengthening Cash Flow and Continuing to Create Shareholder Value 2025-2026 Delivery Priorities Continue to Create Shareholder Value Realise full benefits from KM250 completion; supporting production Consistent delivery from world-class KRI asset base and revenue growt
Slide 37: Contact Us
Contact Us Dana Gas PJSC P. O. Box 2011, Sharjah, UAE E-mail mohammed.mubaideen@danagas.com Direct +971 6 519 4401 www.danagas.com