Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — FY2025 Earnings Presentation
19 slides from Dana Gas Pjsc's earnings presentation, Feb 9, 2026
Slide 1: Cleaner Energy for the Future – FY 2025 Financial Results
Cleaner Energy for the Future FY 2025 – Financial Results 9 February 2026
Slide 2: Contents
Contents 1. Performance Snapshot Page 4 2. Operational Highlights Page 6 3. Financial Highlights Page 11 4. Summary Page 18 2
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections abo
Slide 4: 1. Performance Snapshot
CLEANER ENERGY FOR THE FUTURE 1. Performance Snapshot 4
Slide 5: Latest Earnings Update – FY 2025
Latest Earnings Update – FY 2025 Financial Liquidity Net profit: $130m (-14% YoY), FY 2025 reflected a transition year, Cash balance: $215m, including Company ended the year with a with financial impact of KM250 $107m held at the Pearl JV strong balance sheet with a net cash Revenue: $348m (-22% YoY
Slide 6: 2. Operational Highlights
CLEANER ENERGY FOR THE FUTURE 2. Operational Highlights 6
Slide 7: Kurdistan Region of Iraq (KRI)
Kurdistan Region of Iraq (KRI) Strong operational performance; KM250 delivered ahead of revised schedule Operations Development Projects FY 2025 production (DG Share): 40,900 boepd (177 MMscf gas; 5,260 bbl/d condensate; KM250 successfully completed gas expansion project in early October, 370 MTPD L
Slide 8: Egypt
Egypt Investment programme delivering early results; production recovery underway Operations Investment Programme FY 2025 production: 12,600 $100 million, two-year drilling and project programme launched boepd, down 23% YoY, primarily following signing of Consolidated Concession Agreement in due to
Slide 9: Production
Production KRI production up 2% YoY; Egypt production down 23% in FY 2025, with decline moderating in Q4 Average Production FY 2024 vs FY 2025 (kboepd) Quarterly Production Breakdown (kboepd) 56.5 55.3 55.9 53.5 LPG LPG 5.9 6.0 5.5 5.7 6.9 Condensate Condensate 6.4 40.9 6.6 6.9 42.5 40.1 40.7 Gas Ga
Slide 10: Realized Prices
Realized Prices Softer Brent environment weighed on condensate prices; KRI gas prices declined 4% to $3.5/MMBtu, while Egypt LPG prices benefited from local market strength Average Realized Price – Condensate $/bbl Average Realized Price – LPG $/boe 81 81 73 69 69 65 50 52 44 38 35 33 34 33 29 28 Br
Slide 11: 3. Financial Highlights
CLEANER ENERGY FOR THE FUTURE 3. Financial Highlights 11
Slide 12: Revenue Highlights
Revenue Highlights Revenue for FY 2025 was lower than the FY 2024 figure which included an extraordinary $46m of additional revenue resulting from the higher gas price agreed as part of the Consolidation Agreement. Excluding this one-time item, the like-for-like decline in 2025 reflects lower produc
Slide 13: Profit Highlights
Profit Highlights Profitability declined 14% year on year, primarily due to lower production in Egypt, softer realised prices, and higher operating costs, partly offset by higher production in the KRI, lower impairments, and reduced finance and DD&A charges Net Profit $million EBITDA $million 151 26
Slide 14: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights Capex increased with KM250 and Egypt drilling ramp-up; OPEX and G&A remain efficient and within top quartile below $4.0/boe Operating costs rose primarily due to scheduled maintenance at the El Wastani plant in Egypt, while the increase in KRI costs was due to one- off
Slide 15: Balance Sheet Evolution
Balance Sheet Evolution Stronger balance sheet and improve liquidity KM250 expansion – expected to enhance cash flow in 2026 Dana Gas Borrowing ($million) Continued improvement in balance sheet strength with minimal corporate debt 350 Dana Gas Corporate Debt Free cash flow from operations at corpora
Slide 16: Receivables and Collections
Receivables and Collections 2025 collections exceeded $300 million Timely payments from partners remain key to sustaining investments and operational momentum Cash collections totalled $303m in 2025 2024 Full Year ($million) FY 2025 ($million) KRI Egypt (105% Realization) Egypt (168% Realization) •
Slide 17: 4. Summary
CLEANER ENERGY FOR THE FUTURE 4. Summary 17
Slide 18: Summary
Summary Delivery year completed; production growth unlocked and clear path to cash flow realisation FY 2025 was a year of delivery and transition. Reported net profit of $130 million, Management Priorities reflecting lower Egypt production and softer oil prices, while advancing major projects that s
Slide 19: Contact Us
Contact Us Dana Gas PJSC P. O. Box 2011, Sharjah, UAE E-mail [email protected] Direct +971 6 519 4401 www.danagas.com