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Ithaca Energy (ITH) investor relations material
Ithaca Energy Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong operational results in 2025, delivering on an upgraded outlook and entering 2026 with increased production capacity and a robust hedge position.
Fully integrated several accretive acquisitions, increasing financial firepower and supporting future investments and distributions.
Reaffirmed 2025 dividend target of $500 million, with $200 million expected to be declared on FY results.
Financial highlights
2025 adjusted preliminary EBITDAX reached $2.0 billion, up from $1.4 billion in 2024, reflecting enhanced cash generation.
Net operating costs for 2025 estimated at $817 million, with a net unit opex cost of $19/boe, down from $22/boe in 2024.
Low leverage position of 0.56x and available liquidity of $1.5 billion, including a fully undrawn $1.3 billion Reserve Based Lending facility.
Group cash tax paid in 2025 was $263 million, below management guidance.
Total cash distributions declared in 2025 amounted to $500 million, including a $133 million accelerated second interim dividend.
Outlook and guidance
Entering 2026 with increased installed production capacity and a strong hedge book to protect cash flows in a potentially weaker commodity price environment.
Plans to release full year results and 2026 guidance in late March 2026, including a Competent Persons Report.
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- XEL
Ongoing EPS reached $3.80 in 2025; 2026 guidance is $4.04–$4.16 with a $60B capital plan. - EL
Strong Q2 results and raised FY26 outlook, with sales and margins up despite headwinds. - KCR
Record profitability and strong orders in 2025; stable outlook for 2026 amid uncertainties. - 532539
Record Q3 FY26 revenue and profit growth, major expansions, and strong industry outlook. - HAE
Gross margin and net income rose despite lower revenue; guidance for EPS and cash flow increased. - QIGD
Revenue up 18% but net profit down 15% as higher costs and dividends reduced margins and equity. - MYCR
Record annual sales, Q4 order drop, strong Global Technologies, and four acquisitions. - 532548
Revenue up 18.4% YoY, margin gains, and capacity expansions support a positive outlook. - THERMAX
Profit after tax rose 80% and order booking grew 34%, led by Infra and data center wins. - LPG
Net income more than doubled on strong TCE rates, higher revenues, and efficient fleet operations.
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