Dana Gas Pjsc · ADX:DANA
Dana Gas Pjsc — Q1 2026 Earnings Presentation
19 slides from Dana Gas Pjsc's earnings presentation, May 14, 2026
Slide 1: Q1 2026 – Financial Results
Cleaner Energy for the Future Q1 2026 – Financial Results 14 May 2026
Slide 2: Contents
Contents 1. Performance Snapshot Page 4 2. Operational Highlights Page 6 3. Financial Highlights Page 11 4. Summary Page 17 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 – Q1 2026
Latest Earnings Update – Q1 2026 Financial Liquidity Net profit +72% to $74m, including expected to be transitional with Cash balance: $228m (incl. $95m at $75m new bank facility, fully drawn $48m one-off metering adjustment. higher capacity utilization. Pearl JV) in April, at lower cost than previo
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) Resilient operations; increased capacity demonstrated following KM250 completion Operations Development Projects Q1 2026 production (DG Share): 40,100 boepd (vs. 41,400 boepd in Q1 2025) KM250 expansion completed in October 2025. Gas production exceeded 700 MMscf/d in
Slide 8: Egypt
Egypt Investment programme delivering early results; return to production growth Operations Investment Programme Q1 2026 production: 13,050 boepd, up $100 million, two-year programme under the 4% YoY, marking first return to growth Consolidated Concession Agreement since 2017; reflecting early resul
Slide 9: Production
Production Egypt production up 4% YoY; first production growth since 2017 KRI production slightly down 3% due to regional security environment Average Production Q1 2025 vs Q1 2026 (kboepd) Average Production Q4 2025 vs Q1 2026 (kboepd) 55.9 53.8 53.2 LPG 53.2 LPG 6.0 5.4 5.1 5.1 Condensate Condensa
Slide 10: Realized Prices
Realized Prices Egypt benefited from higher oil prices (condensate +7% and LPG +26%) KRI condensate prices constrained due to discounted pricing dynamics in Iraq; LPG stable under annual contracts; gas expected to increase in Q2 as higher oil prices feed through Average Realized Price – Condensate $
Slide 11: 3. Financial Highlights
CLEANER ENERGY FOR THE FUTURE 3. Financial Highlights 11
Slide 12: Revenue Highlights
Revenue Highlights Revenue increased to $145m (+59%), driven by a $48m one-off gas metering adjustment for the period November 2018 to March 2024 Underlying revenue +$6m YoY, supported by higher production in Egypt and gas sales volumes in KRI following KM250 completion; partially offset by lower re
Slide 13: Profit Highlights
Profit Highlights Net profit +72% YoY, driven by $48m metering adjustment related to one-off positive adjustment in gas metering reconciliation for period of Nov 2018 to Mar 2024 in KRI, partially offset by a $6 million one-off drilling cost write off in Egypt Underlying net profit lower, reflecting
Slide 14: CAPEX / OPEX / G&A Highlights
CAPEX / OPEX / G&A Highlights Cost base reflects KM250 start-up; continued discipline across operations OPEX and G&A remain efficient and within top quartile around $4.0/boe Higher operating, depreciation and finance costs following KM250 completion; Q1 reflects first full quarter of these costs, wh
Slide 15: Balance Sheet Evolution
Balance Sheet Evolution Strong liquidity position; improved collections and enhanced financial flexibility Strong balance sheet with low leverage and net cash position Dana Gas Borrowing ($million) Cash balance of $228m at end-March 2026 350 Dana Gas Corporate Debt Incl. $95m held at Pearl Petroleum
Slide 16: Receivables and Collections
Receivables and Collections Strong collections performance; Egypt receivables fully settled post-period Total collections of $68m in Q1 2026 2025 Full Year ($million) Q1 2026 ($million) KRI Egypt (168% Realization) Egypt (50% Realization) • $60m collected in Q1; continued strong payment (8) 59 16 pe
Slide 17: 4. Summary
CLEANER ENERGY FOR THE FUTURE 4. Summary 17
Slide 18: Summary
Summary Resilient performance; capacity demonstrated and clear path to higher utilization Operational performance remained resilient. Production broadly in line YoY reflecting both temporary suspension at KM in late February (resumed Management Priorities at reduced capacity in March), and lower dem
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