Atlantic Petroleum (ATLA DKK) Q4 2025 earnings summary

Executive summary

• Completed a major debt restructuring in April 2026, reducing total debt by at least DKK 90 million and enabling continued operations on a going concern basis.

• Activity levels and costs have been kept minimal, with G&A expenses at DKK 1.1 million in 2025, down from DKK 2.4 million in 2024.

• The Orlando field remains the primary cash flow source, but its production is expected to end in 2026, necessitating new revenue sources.

Financial highlights

• Net loss after tax of DKK 3.8 million in 2025, compared to a profit of DKK 1.4 million in 2024.

• Gross profit was DKK 0 million for both 2025 and 2024.

• Net cash from operating activities was DKK -1.3 million in 2025, down from DKK 0.4 million in 2024.

• Total assets at year-end 2025 were DKK 4.4 million, down from DKK 15.9 million in 2024.

• Shareholders’ equity at year-end 2025 was DKK -116.4 million, compared to DKK -112.8 million in 2024.

• Earnings per share (basic and diluted) were DKK -1.04 in 2025, compared to DKK 0.38 in 2024.

Outlook and guidance

• Cash flow is expected to remain tight in 2026, with activity levels kept minimal.

• Orlando field production is projected to remain stable through 2026, but the field is nearing end of life.

• The company will focus on identifying new investment opportunities and securing additional funding to replace Orlando cash flows.