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Genel Energy (GENL) investor relations material
Genel Energy Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Maintains a resilient business platform with a strong balance sheet, focusing on efficiency, disciplined capital allocation, and diversification through new projects and asset acquisitions.
Progressing towards a regular dividend, supported by significant funding flexibility and robust cash generation.
Geographical diversification and new project developments in Oman and Somaliland are strategic priorities.
Significant unvalued potential in the portfolio, with ongoing drilling campaigns and export arrangement progress in Kurdistan.
Preliminary operational work in Oman completed ahead of time and under budget; further exploration planned.
Financial highlights
Net cash at 2025 year-end was $134 million, with available/closing cash of $224 million.
Debt reduced from over $300 million in 2022 to under $100 million, lowering net interest costs.
Double-digit underlying free cash flow generated from domestic sales at just over $30 per barrel, with FY2025 free cash flow at $4 million.
Operating costs remain below $4/bbl, supporting strong margins and low carbon emissions.
Receivables from KRG reduced to $48 million after offsets, though no formal payment plan is in place.
Outlook and guidance
2026 expected to be impactful, with resumed drilling at Tawke and potential for increased production and reserves.
Domestic sales income/free cash flow projected to cover organizational costs, with up to $20 million planned for projects in Oman and Somaliland.
If international exports resume, revenue per barrel could more than double.
Further updates on work plans and asset specifics to be provided in March.
Ongoing spend optimization and disciplined pursuit of new production assets.
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