Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — 9M 2025 Earnings Presentation
19 slides from Dana Gas Pjsc's earnings presentation, Nov 7, 2025
Slide 1: Cleaner Energy for the Future: 9M 2025 Financial Results
Cleaner Energy for the Future 9M 2025 – Financial Results 7 November 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 – 9M 2025
Latest Earnings Update – 9M 2025 Operations Liquidity Group operations remained stable 250 MMscf/d of processing capacity Cash balance: $183mm, incl. Receivables (Dana Gas share): and uninterrupted in 9M 2025 to Khor Mor field, increasing total gas $150mm at Pearl JV • KRI: $76mm capacity by 50% to
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 operational performance; KM250 delivered ahead of revised schedule Operations Development Projects 9M 2025 production: 38,600 boepd (175 MMscf gas; 5,100 bbl/d condensate; 360 MTPD KM250 successfully completed gas expansion project in early October, LPG) – up 1%
Slide 8: Egypt
Egypt New investment programme advancing under improved fiscal terms Operations Investment Programme 9M 2025 production: 12,300 $100 million, two-year drilling and project programme launched following signing of Consolidated Concession Agreement in boepd, down 28% YoY, primarily December 2024. due t
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 9M 2024 vs 9M 2025 (kboepd) Quarterly Breakdown of Production (kboepd) 55.3 55.3 50.9 LPG LPG 6.0 5.9 50.7 5.4 Condensate 5.4 C
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 83 83 80 80 75 71 72 71 69 69 65 63 56 52 50 48 44 44 39 36 35 33 36 34 33 34 34 30 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 oil prices; uplift from Egypt gas pricing and higher volumes in the KRI partially offset revenue decline. Once fully operational KM 250 is expected to add $150mm to the Company’s annual revenue. Gas Condensate LPG Total 300 283 25
Slide 13: Profit Highlights
Profit Highlights 8% drop in profitability mainly driven by lower quantities in Egypt (-$33mm), lower realized prices in the KRI (-$11mm) and higher operating costs (+7mm) and mainly offset by stronger pricing in Egypt (+$12mm), lower DDA charges(-$9mm) and reduced finance (-$6mm) Net Profit $mm EBI
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 $4.05/boe Egypt operating costs rose by $2mm in 2025, primarily due to scheduled maintenance at the El Wastani plant in Q2, while the increase in KRI costs wa
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 $183mm in 2024 Full Year 9M 2025 2025 KRI Egypt (105% Realization) Egypt (79% Realization) • 94% collection realisation in 95* 42 9M 2025 (33) • Dana Gas
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 $103 million in 9M 2025, supported by strong operational performance in the KRI, improved gas pricing in Egypt, and Management Priorities disciplined cost managemen
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