Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — H1 2025 Earnings Presentation
19 slides from Dana Gas Pjsc's earnings presentation, Aug 7, 2025
Slide 1: H1 2025 – Financial Results
Cleaner Energy for the Future H1 2025 – Financial Results August 2025
Slide 2: Contents
Contents 1. Performance Snapshot Page 4 2. Operational Highlights Page 6 3. Financial Highlights Page 11 4. Summary Page 18 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. Performance Snapshot
CLEANER ENERGY FOR THE FUTURE 1. Performance Snapshot 4
Slide 5: Latest Earnings Update – H1 2025
Latest Earnings Update – H1 2025 Operations Liquidity Group operations remained stable $160m Chemchemal investment Cash balance: $174mm, incl. Receivables (Dana Gas share): and uninterrupted in H1 2025 programme underway $147mm at Pearl JV • KRI: $71mm Khor Mor field surpassed 500 million Average gr
Slide 6: 2. Operational Highlights
CLEANER ENERGY FOR THE FUTURE 2. Operational Highlights 6
Slide 7: Kurdistan Region of Iraq (KRI)
Kurdistan Region of Iraq (KRI) Strong H1 production performance; KM250 advancing under hands-on approach Operations Development Projects H1 2025 production: 38,550 boepd (175 MMscf gas; 5,050 bbl/d condensate; 357 MTPD KM250 progressing well under a proactive, hands-on delivery model LPG) – up 3% Yo
Slide 8: Egypt
Egypt New investment programme advancing under improved fiscal terms Operations Investment Programme H1 2025 production: 12,450 $100 million, two-year programme launched following signing of Consolidated Concession Agreement (2024). boepd, down 29% YoY, primarily • Programme aims to drill 11 wells a
Slide 9: Production
Production KRI production up 1% YoY; Egypt volumes impacted by natural field declines ahead of new investment cycle which is expected to support recovery Average Production H1 2024 vs H1 2025 (kboe/d) Quarterly Breakdown of Production kboe/d 55.3 53.7 6.0 51.1 LPG 49.8 LPG 5.8 5.3 Condensate Condens
Slide 10: Realized Prices
Realized Prices Softer Brent-linked prices YoY; uplift from new Egypt gas pricing and stable LPG helped protect margins Average Realized Price – Condensate $/bbl Average Realized Price – LPG $/boe 84 85 84 85 79 77 72 72 68 68 65 61 52 45 45 45 43 45 41 38 34 35 34 32 33 33 33 32 29 28 29 28 Brent D
Slide 11: 3. Financial Highlights
CLEANER ENERGY FOR THE FUTURE 3. Financial Highlights 11
Slide 12: Revenue Highlights
Revenue Highlights Revenue impacted by lower Egypt volumes and softer prices; uplift from Egypt gas pricing and higher volumes in the KRI partially offset revenue decline Gas Condensate LPG Total 188 36 169 32 56 109 45 107 91 23 21 79 79 18 15 13 62 32 31 26 53 49 21 24 11 96 92 14 101 11 10 30 7 1
Slide 13: Profit Highlights
Profit Highlights 1% increase mainly driven by stronger pricing in Egypt (+$9mm), higher quantities in the KRI(+3mm), lower DDA charges(-$6mm) and reduced finance (-$4mm) vs lower quantities in Egypt (-$27mm), higher operating costs (+3mm) and lower realized prices in the KRI (-$4mm Net Profit $mm E
Slide 14: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights Capex increased with KM250 and Egypt drilling ramp-up; OPEX and G&A remain efficient and within top quartile at $3.75/boe Egypt operating costs rose by $1mm in H1 2025, primarily due to scheduled maintenance at the El Wastani plant in Q2, while the increase in KRI costs
Slide 15: Balance Sheet Evolution
Balance Sheet Evolution Low corporate leverage maintained over last decade; Pearl project debt supporting KM250 expansion – expected to enhance cash flow once online Continued improvement in balance sheet Dana Gas Borrowing Evolution $mm strength with minimal corporate debt 723 Dana Gas Corporate De
Slide 16: Receivables and Collections
Receivables and Collections Timely payments from partners remain key to sustaining investments and operational momentum Cash collections totalled $120mm in H1 2024 Full Year H1 2025 2025 KRI Egypt (68% Realization) Egypt (61% Realization) • 96% collection realisation in 95 28 (17) H1 2025 89 • Dana
Slide 17: 4. Summary
CLEANER ENERGY FOR THE FUTURE 4. Summary 17
Slide 18: Summary
Summary Resilient earnings, clear capital delivery, and sustained focus on shareholder returns Dana Gas delivered resilient earnings of $73 million in H1 2025, supported by strong operational performance in the KRI, improved gas pricing in Egypt, and Management Priorities disciplined cost management
Slide 19: 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