Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — H1 2026 Earnings Presentation
19 slides from Dana Gas Pjsc's earnings presentation, August 2026
Slide 1: H1 2026 – Financial Results
Cleaner Energy for the Future H1 2026 – Financial Results August 2026
Slide 2: Contents
Contents 1. Performance Snapshot Page 4 2. Operational Highlights Page 6 3. Financial Highlights Page 11 4. Summary Page 17 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 2026
Latest Earnings Update – H1 2026 Financial Liquidity Net profit +47% to $107m, including Revenue: +51% to $258m including Cash balance: $230m (incl. $95m at position $48m one-off metering adjustment in $48m one-off metering adjustment; Pearl JV) Q1 $75m new bank facility, fully drawn Underlying Reve
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) KM250 capacity demonstrated, with further utilisation potential Operations Development Projects H1 2026 production (DG Share): 39,600 boepd (vs. 40,300 boepd in H1 2025; -2% YoY) KM250 expansion completed in October 2025. Production breakdown: • The project added 250 M
Slide 8: Egypt
Egypt Investment programme delivering results; second consecutive quarter of production growth Operations Investment Programme H1 2026 production: 13,300 boepd, up $100 million, two-year programme under the 7% YoY, supported by the investment Consolidated Concession Agreement programme and ongoing d
Slide 9: Production
Production Group production broadly stable as Egypt growth offset KRI disruption; Egypt production up 7% YoY; second consecutive quarter of production growth Average Production H1 2025 vs H1 2026 (kboe/d) Quarterly Breakdown of Production (kboe/d) 52.8 52.9 LPG 51.5 52.7 LPG 5.3 5.3 5.5 Condensate 5
Slide 10: Realized Prices
Realized Prices Egypt benefited from higher oil prices (condensate +29% and LPG +52%) KRI condensate prices constrained due to discounted pricing dynamics; LPG stable under annual contracts; gas price increased by 11% to $4.1 per mmBtu Average Realized Price – Condensate $/bbl Average Realized Price
Slide 11: 3. Financial Highlights
CLEANER ENERGY FOR THE FUTURE 3. Financial Highlights 11
Slide 12: Revenue Highlights
Revenue Highlights Revenue increased to $258m (+51%), driven by a $48m one-off gas metering adjustment for the period November 2018 to March 2024 Underlying revenue +$39m YoY, mainly due to higher realized hydrocarbon prices higher production in Egypt and higher sales gas volumes at Pearl Petroleum
Slide 13: Profit Highlights
Profit Highlights Net profit +47% YoY, driven by $48m gas metering adjustment Underlying net profit lower, reflecting higher operating and financing costs post-KM250 completion, alongside temporary disruptions in March and April. Effect on profitability expected to moderate as utilisation increases
Slide 14: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights Cost base reflects KM250 start-up and Egypt drilling activity OPEX and G&A remain efficient and within top quartile around $4.0/boe Higher operating, depreciation and finance costs following KM250 completion; H1 reflects first full quarter of these costs, while revenue
Slide 15: Balance Sheet Evolution
Balance Sheet Evolution Low corporate leverage maintained over last decade; Pearl project debt supporting future expansion Dana Gas Borrowing Evolution $mm Strong balance sheet with low leverage and net cash position Dana Gas Corporate Debt DG Share of Pearl Project Finance 350 Cash balance of $230m
Slide 16: Receivables and Collections
Receivables and Collections Egypt receivables fully settled; KRI collections remain key priority Collections of $168m vs $120m in H1 2025 Full Year H1 2026 2025 Egypt (168% Realization) Egypt (194% Realization) KRI 150 80 64 • 78% collection realisation in 99 60 100 H1 2026 59 40 33 • Received $61m
Slide 17: 4. Summary
CLEANER ENERGY FOR THE FUTURE 4. Summary 17
Slide 18: Summary
Summary Resilient performance; Egypt growth and liquidity support outlook while KM250 upside remains available Strong first-half financial performance. Revenue increased 51% and net Management Priorities profit rose 47%, while Group production remained broadly stable despite Progressively ramp up mo
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