Bw Energy Ltd (BWEFF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.115 -- 00:00:05.442 Welcome to BV Energy's third quarter 2025 presentation. 00:00:05.442 -- 00:00:10.348 For the first part of this call, all participants will be in a listen-only mode. 00:00:10.348 -- 00:00:13.372 Afterwards, there will be a question and answer session. 00:00:13.372 -- 00:00:17.958 To ask a question, please press five star on your telephone keypad. 00:00:17.958 -- 00:00:21.803 This call is being recorded. I now turn the call over to you, Carl. 00:00:21.803 -- 00:00:24.524 Please begin your presentation. 00:00:24.566 -- 00:00:29.762 Thank you, operator. And a warm welcome to this third quarter presentation 00:00:29.762 -- 00:00:35.308 by BW Energy. This presentation will be hosted by Thomas 00:00:35.308 -- 00:00:38.631 Young, our new CFO, 00:00:38.631 -- 00:00:42.014 and Brice Morlot, our COO, 00:00:42.014 -- 00:00:44.855 also in a new position. 00:00:45.157 -- 00:00:48.719 And of course, myself, Karl Arnott. 00:00:49.922 -- 00:00:52.585 The third quarter highlights, 00:00:52.585 -- 00:00:57.167 the broad picture is that everything is 00:00:57.659 -- 00:01:04.006 on schedule and we are on track to meet full year production guidance. 00:01:04.006 -- 00:01:09.273 Our project portfolio is going very well on both cost 00:01:09.273 -- 00:01:10.875 and schedule 00:01:10.875 -- 00:01:15.981 and the Maromba financing has been completed and you will have more 00:01:15.981 -- 00:01:21.267 details on this later. The Berdon is moving towards 00:01:21.267 -- 00:01:26.874 FID the recently made discovery and we are drilling 00:01:26.874 -- 00:01:31.961 our Kudu appraisal well. So the EBITDA of 00:01:31.961 -- 00:01:35.966 the third quarter was 96 million, 00:01:35.966 -- 00:01:42.254 net profit at 20 million, and our cash position at around 00:01:42...