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Update on FY 2025 Annual Report
Savannah Energy Plc will release its FY 2025 Annual Report in August 2026, leading to a temporary suspension of its shares from trading starting July 1, 2026. The company reported unaudited FY 2025 cash collections of US$278.0 million, an increase from US$248.5 million in FY 2024, though production decreased to 18.8 Kboepd from 23.1 Kboepd. Revenue for FY 2025 was US$234.8 million, up 3% year-on-year, but Adjusted EBITDA decreased to US$124.2 million from US$181.2 million, partly due to non-recurring items and increased cost of sales related to the SIPEC Acquisition. Cash balances rose to US$42.7 million, while net debt increased to US$658.8 million. Disclaimer*
About this update from Savannah Energy Plc
30 June 2026 Savannah Energy PLC ("Savannah" or "the Company") Update on FY 2025 Annual Report Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, advises that its FY 2025 Annual Report will be released during August 2026. The FY 2025 audit process is significantly advanced and the Company is working closely with its external auditors to finalise the report. Pursuant to the requirements of AIM Rule 19, trading in the Company's shares will therefore be subject to a temporary suspension from 7:30 a.m. on 1 July 2026 until publication of the FY 2025 Annual Report. FY 2025 Financial Highlights (unaudited) The Company confirms that FY 2025 financial performance remains in line with the Operational and Financial Update released on 4 February 2026. For FY 2025, financial performance was broadly stable across the Group. Unaudited key performance and financial metrics, and commentary are provided as follows: Key Performance Metrics FY 20251 FY 2024 Cash Collections (US$m) 278.0 248.5 Production (Kboepd) 18.8 23.1 Gas (%) 83 88 Oil (%) 17 12 Income Statement (US$m) FY 20251 FY 2024 Revenue 234.8 227.0 Cost of Sales (109.5) (75.0) Administrative and other Operating expenses (50.2) (40.9) Adjusted EBITDA2 124.2 181.2 Gain on Acquisition/Revaluation 155.3 - Balance Sheet (US$m) 31/12/20251 31/12/2024 Cash 42.7 32.6 Net Debt 658.8 636.9 Trade Receivables (gross) 508.5 538.9 Cash collections of US$278.0 million (2024: US$248.5 million) increased by approximately 12% year-on-year, the highest since the Group commenced its Nigerian operations. Improving the rate of cash collections remains a focus for the Company in 2026. Total production for the year was 18.8 Kboepd (2024: 23.1 Kboepd). During FY 2025 we announced a 29% increase in gross 2P Reserves at the Stubb Creek Field and a 21% increase in gross 2P Reserves at the Uquo Field.3 The positive impact of the completion of the SIPEC Acquisition4 in March 2025 is reflected in the financial performance for the year with over US$18.5 million of post debt-service cashflow generated between acquisition date and the year end. Given the Group's existing ownership interest in the Stubb Creek asset prior to the acquisition (through Universal Energy Resource...
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