Ithaca Energy plc (ITH) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning all and thank you for joining us on today's Ithaca Energy Q3 2025 results. My name is Drew and I'll be the operator on the call today. After today's prepared remarks, we will have a Q&A session. If you would like to ask a question, please press Start followed by 1 on your telephone keypad and to withdraw your question, it's Start followed by 2. With that, it's my pleasure to hand over to Eunice Friedman, Executive Chairman. Please go ahead when you're ready. Thank you and good morning everyone from a snowy Aberdeen and a very cold London. And welcome to our Q3 2025 results. My name is Yanni Friedman and I'm the executive chairman of Ithaca Energy. Today with me on the call, my colleagues Luciana Vasquez, our chief executive officer, and Ian Lewis, our chief financial officer. If you'll move to slide three on today's agenda, we'll cover highlights of our year to date in Q3 The channel will speak to our strategic and operational highlights. Ian will give us a financial overview, and we'll finish with closing remarks and, of course, as always, open up for questions and answers. Two or three highlights, if you'd be kind to move to slide five. So we had another very good quarter with strong strategic Delivery, supporting our vision for scale, stability, and strength. Production with 150,000 barrels of oil equivalent a day, average production year to date. We've had a material, some would say unprecedented summer shutdown, and Luciana will talk about this later, and we're on track to deliver full year production guidance supported by an upgraded Q4 exit rate, of 145,000 barrels of oil equivalent per day from 140,000 a day. Adjusted EBITDAX of 1.5 billion for the nine months ending on September 30th. Enhanced financial performance, substantial cash generation t...