Capricorn Energy Plc · LSE:CNE
Capricorn Energy — FY2025 Earnings Presentation
16 slides from Capricorn Energy's earnings presentation, Mar 26, 2026
Slide 1: Full Year Results Presentation
Full Year Results Presentation 26 March 2026
Slide 2: Disclaimer
FY 2025 Results Disclaimer These materials contain forward-looking statements regarding Capricorn, its corporate plans, future financial condition, future results of operations, future business plans and strategies. All such forward-looking statements are based on its management's assumptions and be
Slide 3: Agenda
Agenda Introduction and strategy Randy Neely, Chief Executive 2025 Financial review and 2026 guidance Eddie Ok, Chief Financial Officer Operational review Geoff Probert, Chief Operating Officer Summary and outlook Randy Neely 2025 Full Year Results Presentation, March 2026
Slide 4: Introduction and strategy
Introduction and strategy Randy Neely
Slide 5: Delivered To Date
Introduction and strategy Focused and built for sustainable cash flows • Capricorn’s progress in 2025 provides a robust platform to deliver scalable growth and build a cash-generative long-term business 2023 ➢ Delivering strong operational performance Delivered ➢ Transformational consolidation of Eg
Slide 6: 2025 Financial review and 2026 Guidance
2025 Financial review and 2026 Guidance Eddie Ok
Slide 7: FY 2025 Financial performance
Financial review FY 2025 Financial performance Production: 20,024 boepd average working Production interest production, 40% liquids and 9,701 boepd on YE net Group cash a net entitlement sales basis $103m (2024: $23m) Revenues from Egypt production: $134m Revenue • Oil price: $68.4/bbl • Gas price:
Slide 8: FY 2025 Cashflows
Financial review FY 2025 Cashflows Increase Decrease Total 300 250 170.1 3.8 (25.0) 200 (12.7) 150 (76.7) (20.8) 102.7 100 (9.3) 50.0 50 23.3 0 * Opening cash at 1 January 2025 of $123m before Egypt debt drawn of $100m ** Closing cash at 31 December 2025 of $133m before Egypt debt drawn of $30m 2025
Slide 9: Preliminary 2026 guidance
2026 guidance Preliminary 2026 guidance 2026 Total Guidance* Production 18,000 – 22,000 boepd Operating costs $5 – $7/boe Total Capex $85 – $95m • In 2026 43% of production is forecast to be liquids • Guidance incorporates two periods of shutdown, impacting production at the BED facilities. In addit
Slide 10: Operational review
Operational review Geoff Probert
Slide 11: Egypt 2025 activity summary
Operational review Egypt 2025 activity summary Development wells drilled • Mid-year pivot to development NUMB-6 exploration drilling successfully contributing SEH-6X well successful with first gas to a more stable and encouraged entry into forecast in H1 2026 predictable production profile next Phas
Slide 12: Merged concession incentivises asset potential
Operational review Merged concession incentivises asset potential • Eight existing development concessions plus one exploration concession consolidated into a single integrated concession (50% WI), with an increased footprint covering field extension opportunities • Materially improved Company cost
Slide 13: Year end 2025 reserves and resources
Operational review Year end 2025 reserves and resources Egypt 2P Reserves 2P Reserves 53.2 mmboe (WI) / 31.6 mmboe (EI)*** Oil & Condensate Natural Gas Total Boe (mmbo) (bcf) (mmboe) • In 2025, working interest production totalled 7.3 mmboe WI Net EI WI Net EI WI Net EI • The merged concession provi
Slide 14: Summary and Outlook
Summary and Outlook Randy Neely
Slide 15: Our strategic approach
Summary and outlook Our strategic approach 2026 Outlook Strategic focus • Priorities focused on scaling activity under the merged concession and pursuing value- accretive growth opportunities Financial resilience and shareholder returns • Improved liquidity and disciplined capital allocation ensure
Slide 16: www.capricornenergy.com
C Capricorn Capricorn www.capricornenergy.com