Genel Energy Plc · LSE:GENL
Genel Energy — FY2025 Earnings Presentation
12 slides from Genel Energy's earnings presentation, Mar 26, 2026
Slide 1: FY2025 results and outlook
FY2025 results and outlook March 2026 LSE: GENL A socially responsible contributor Paul Weir, Chief Executive Officer | Luke Clements, Chief Financial Officer to the global energy mix
Slide 2: Genel overview
Genel overview A resilient, cash-generative platform with significant unvalued potential 17,520 ~$4 14.4 Zero bopd /bbl kgCO₂e/bbl LTIs | 4.7m hrs WI Production Operating Costs Carbon Intensity Safety 64 MMbbls $224 million $134 million $43 million (vs $1m FY24) Net 2P Reserves Cash Balance Net Cash
Slide 3: Our strategy
Our strategy Building a business with resilient, diversified cash flows that delivers sustainable value to shareholders Maintain Strong Maximise Cash Investment in Balance Sheet Generation New Cash Flows • Significant cash balance and appropriate • Significant 2P reserves of 64 MMbbls (net) • Discip
Slide 4: Tawke PSC: world-class asset
Tawke PSC: world-class asset Asset and operator keep delivering Tawke PSC gross production Gross 2P Reserves 254 MMbbls (bopd) 84,000 Net 2P Reserves 64 MMbbls 90,000 42 82,000 80,000 79,000 77,000 76,000 75,000 80,000 74,000 71,000 70,000 40 FY2025 Gross Production 70,090 bopd (avg) 70,000 60,000 3
Slide 5: Financial review
Financial review Production business delivering double digit production business netback (all figures $m unless stated) FY 2025 FY 2024 FY 2023 Brent average ($/bbl) 69 81 82 Realised price per barrel ($/bbl) 32 35 47 EBITDAX: $43m WI production (bopd) 17,520 19,650 12,410 FY2024: $1m Revenue 72 75
Slide 6: Cash and balance sheet
Cash and balance sheet Significant funding flexibility for strategic objectives Balance sheet strength Cash movement FY2025 ($m) Cash: $224 million 36 25 Net cash: $134 million (9) Gross debt: $92 million (19) (5) Bond debt New 5-year bond issued April 2025 Maturity: April 2030 Replaces previous bon
Slide 7: Capital allocation options
Capital allocation options Disciplined deployment of cash to build long-term shareholder value 2 Maintain balance Invest in Tawke Diversify cash Establish sustainable sheet strength PSC optimisation generation dividend • Minimum cash threshold to • Fund drilling programme to • Acquire new production
Slide 8: Acquisition strategy
Acquisition strategy Build a portfolio that supports the establishment of a sustainable dividend programme Acquisition criteria M&A capability • Diversify resilient free cash flow generation to reduce reliance on one asset in one geography $224 million cash available Net cash of $134 million • Targe
Slide 9: Oman Block 54 (40% working interest, OQEP Operated)
Oman Block 54 (40% working interest, OQEP Operated) Initial work undertaken towards understanding the full potential of Block 54 Key milestones Objectives : Targeting reservoirs proven in adjacent Block 53 (Oxy, ✓ BW-1 re-entry and testing (completed) Mukhaizna) and Block 4 (CCED) and on legacy Bloc
Slide 10: Somaliland Block SL10B13 (51% WI, Operator)
Somaliland Block SL10B13 (51% WI, Operator) An opportunity for material discovered resource addition from the existing portfolio Readiness Block SL10B13 straddles 18,000 km² of a modern seismically defined basin ○ Civil engineering c.80% complete conjugate to the prolific multi-billion-barrel Yemeni
Slide 11: Somaliland Block SL10B13 (51% WI, Operator)
Somaliland Block SL10B13 (51% WI, Operator) Genel continues to actively support the local communities of the SL10B13 block and surrounding areas 2025 CSR Projects focused on Mother Child Healthcare, Educational Facilities and the Conservation of Biodiversity Emergency water distribution recently com
Slide 12: Build a business with resilient, diversified cash flows
Build a business with resilient, diversified cash flows that delivers consistent value to shareholders Maintain Strong Maximise Cash Diversify Production Platform Generation & Free Cash Flow • Significant funding flexibility • Production wells on Tawke to boost • Acquisition of assets for diversific