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Genel Energy PLC: Report on payments to gover...
Genel Energy plc has reported its payments to governments for the year 2025, totaling $190,000 in Somaliland and $133,000 in Morocco. These payments include licence rentals, training fees, and social development contributions, with individual payments below $86,000 excluded as per regulations. The company's disclosures adhere to the UK Financial Conduct Authority's Disclosure and Transparency Rules for companies operating in the extractives sector. Disclaimer*
About this update from Genel Energy Plc
Genel Energy PLC (GENL) Genel Energy PLC: Report on payments to governments for the year 2025 26-March-2026 / 10:00 GMT/BST 26 March 2026 Genel Energy plc Report on payments to governments for the year 2025 Introduction and basis for preparation This report sets out details of the payments made to governments by Genel Energy plc and its subsidiary undertakings (‘Genel’) for the year ended 31 December 2025 as required under the Disclosure and Transparency Rules of the UK Financial Conduct Authority (the ‘DTRs’) and in accordance with our interpretation of the Industry Guidance issued for the UK’s Report on Payments to Governments Regulations 2014, as amended in December 2015 (‘the Regulations’). The DTRs require companies in the UK and operating in the extractives sector to publicly disclose payments made to governments in the countries where they undertake exploration, prospection, development and extraction of oil and natural gas deposits or other materials. This report is available to download at www.genelenergy.com Licence fees These are fees and other sums paid as required by the licence agreements in relation to exploration rental, social development, training and technology transfer. Materiality threshold Total payments below £86,000 made to a government are excluded from this report as permitted under the Regulations. payments to governments – 2025 Country/Licence Somaliland SL10B/13 Total Morocco LAGZIRA Total Licence rental ($’000) 90 - Licence training ($’000) 50 133 Social development payments ($’000) 50 - Total ($’000) 190 133 -ends- Enquiries: Genel Energy Luke Clements, CFO +44 20 7659 5100 Vigo Communications Patrick d’Ancona +44 20 7390 0230 Notes to editors: Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). For further information, please refer to www.genelenergy.com Dissemination of a Regulatory Announcement, transmitted by EQS Group . The issuer is solely responsible for the content of this announcement. View original content: EQS News ISIN: JE00B55Q3P39, NO0010894330 Category Code: MSCL TIDM: GENL LEI Code: 549300IVCJDWC3LR8F94 Sequence No.: 422268 EQS News ID: 2298352 End of Announcement EQS News Service