Bw Energy Ltd (BWEFF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to BV Energy's third quarter 2025 presentation. For the first part of this call, all participants will be in a listen-only mode. Afterwards, there will be a question and answer session. To ask a question, please press five star on your telephone keypad. This call is being recorded. I now turn the call over to you, Carl. Please begin your presentation. Thank you, operator. And a warm welcome to this third quarter presentation by BW Energy. This presentation will be hosted by Thomas Young, our new CFO, and Brice Morlot, our COO, also in a new position. And of course, myself, Karl Arnott. The third quarter highlights, the broad picture is that everything is on schedule and we are on track to meet full year production guidance. Our project portfolio is going very well on both cost and schedule and the Maromba financing has been completed and you will have more details on this later. The Berdon is moving towards FID the recently made discovery and we are drilling our Kudu appraisal well. So the EBITDA of the third quarter was 96 million, net profit at 20 million, and our cash position at around 260 million. The operational performance in the quarter was affected by the DUSIFU annual maintenance campaign. And this reduced the availability of ducefu to about 80% if we account for the downtime. The golfino production was at 92% availability, which is good and improvement over last quarters. The golfino production will be affected, though, in the fourth quarter with their growth. annual maintenance and that will be a five weeks campaign so the overall is that the guidance for 2025 is maintained and stands at 11 to 12 million barrels which is an average of 30 to 32 000 barrels per day the year-to-date production is 8.5 million barrels and just to um to clarify that if ...