Navitas Petroleum Lp · TASE:NVPT
Navitas Petroleum Lp — Q3 2025 Earnings Presentation
11 slides from Navitas Petroleum Lp's earnings presentation, Nov 17, 2025
Slide 1: Investors Presentation Q3-2025
Investors Presentation Q3-2025 November 17, 2025
Slide 2: Navitas - Operating Results
Navitas - Operating Results The Shenandoah Project’s Q3-2025 results reflect approx. two months of partial and gradual production during the ramp-up period EBITDA1 Production, MBOE USD million (Thousand Barrels of Oil Equivalent) 100 92 72.1 90 5,500 5,500 5,395 80 7.9 5,000 5,000 23.9 4,500 4,500 7
Slide 3: Shenandoah Project - Operating Results
Shenandoah Project - Operating Results Q3-2025 The results reflect approx. two months of partial and gradual production during the ramp-up period First oil 120 MBO/D July 2025 Current FPS capacity 1,874 MBOE USD 61.4M Navitas’s share in total production EBITDA Q3-2025 Q4-2025 Immediately prior to th
Slide 4: Shenandoah Project - One of the Gulf of America's Leading Projects
Shenandoah Project - One of the Gulf of America’s Leading Projects Actual vs. expected production (100%) Leads daily production in the Gulf of America1, 3 35,000 Actual 30,000 NSAI2 Growth Bank Growth production 2P rate model2 rate 25,000 rate1 BOE/D 20,000 MBOE/D MBOE/D 15,000 10,000 Project’s aver
Slide 5: Next steps in the Shenandoah HUB
Next steps in the Shenandoah HUB 2026 2027 2028 Refinancing Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 The Partnership has begun to examine refinancing of the existing project loan in Drilling of a Increasing FPS daily Installing a Drilling of a Shenandoah by way of reserve-based fifth well capacity to a
Slide 6: Sea Lion Project – Nearing FID!
Sea Lion Project – Nearing FID! Regulation Project financing Commercial agreements The Partnership is working to obtain the final The project’s financing is being led by a Final agreements with major suppliers have FID approval from the Falkland Islands foreign bank (the outline is similar to be
Slide 7: Financial Data: Liabilities and Net Financial Debt
Financial Data Net financial debt - consolidated As of September 30, 2025 (USD thousand) Shenandoah Project - Oil price hedges Debentures (Series C) (100,924) Hedged volume - PUT (average of USD 65 bbl) Convertible Debentures (Series D) (37,087) Total barrels not yet hedged under the banking model D
Slide 8: Operating Results as of September 30, 2025 (USD thousand)
Operating Results as of September 30, 2025 (USD thousand) For the nine-month period For the three-month period For the year ended ended September 30 ended September 30 December 31 2025 2024 2025 2024 2024 Revenues from oil and gas sales, net of royalties 133,483 58,965 97,690 16,234 78,039 Operating
Slide 9: Thank you
( NAVITAS PETROLEUM Thank you
Slide 10: Waiver
Waiver This presentation was prepared by Navitas Petroleum Limited Partnership (hereinafter - “Navitas” or the “Partnership”). This presentation does not purport to be comprehensive or to include all information that may be relevant with respect to making an investment decision involving the Partner
Slide 11: Waiver (cont.)
Waiver (cont.) In addition, data regarding the number of oil barrels which can be produced by the Partnership’s assets and expected cash flows from these assets also constitute forward-looking information based on reports received by the Partnership from an independent reserve appraiser (NSAI), whic