KGEI News & Events

Reports Q1 revenue $19.6M vs. $16,37M last year. Q1 average production was 4,685 BOEPD, up 15% vs. 1Q25 average production of 4,077 BOEPD. CEO Wolf Regener commented: "We are very happy with the Q1 performance of the company as we had the highest quarterly revenue and Adjusted EBITDA in the company's history even though our average oil price was only $70.31 per barrel in the quarter. Q1 2026 revenue was $19.6M with average production increasing by 15% and average prices increasing 2% from the prior year Q1. We generated Adjusted EBITDA of $14.8M in Q1 2026, a 16% increase from the prior year Q1. Our net debt at the end of Q1 was $45M which was down from $46M at the end of 2025. We made an additional debt paydown of $4M in April 2026 with another $4M paydown expected in May 2026 and, with our annual capital expenditures forecasted to be significantly less than last year, we plan to reduce our debt level down to our forecasted net debt of $25M-$30M by the end of 2026. We are currently drilling the three 1.5 mile lateral wells...After drilling is complete, the company plans to perform fracture stimulation operations on the wells with production currently expected in Q3 2026."

Reports Q4 revenue $14.7M vs. $17.4M last year. Average production for the fourth quarter of 2025 was 4,493 BOEPD, an increase of 1% compared to fourth quarter 2024 production of 4,440 BOEPD. The increase is due to production from the new wells drilled at the end of the year which came on production in December 2025. Kolibri's President and Chief Executive Officer, Wolf Regener commented: "We are pleased with the continued production growth of the Company in 2025 to 4,013 BOEPD, which was within our guidance. Over the last three years, we have achieved a fantastic 35% compound annual production growth rate. During 2025, we generated $56.9 million of net revenue and $42.1 of Adjusted EBITD) but they were below our guidance due to fourth quarter oil prices that were 10% below our forecast price as well as delays in new wells coming online due to the drill pipe failure on the Barnes well. The four wells that started production at the end of the year increased our December production to over 5,600 BOE per day. The production and cash flow impact of these wells will now be reflected primarily in our 2026 results. The significant increase in oil prices in March 2026 should further improve our 2026 results. "We look forward to continuing our success with our 2026 drilling program which we are currently finalizing with an expected start date in June. We are preparing multiple pad locations to be able to quickly increase our planned drilling if oil prices remain elevated through 2026, but we expect our capital expenditures to be significantly lower than 2025 levels."

Reports Q3 revenue $15.19M vs. 13.01M last year. KEI's President and CEO, Wolf Regener commented: "We are pleased that the Company continues to increase production, revenue and adjusted EBITDA as we execute our 2025 drilling program. Our production increased by 40% during the quarter and our adjusted EBITDA increased by 9% as compared to the Q3 of 2024. Our product mix was 66% oil during the third quarter and it increased to 71% in September due to the contribution of the higher percentage oil production from the Lovina wells. We are currently in completion operations on our last four wells for 2025 which we expect will start production in December. As we shifted the completion operations of our last four wells closer to the end of the year, we expect to exit the year with production at an all-time high. These latest wells will have the biggest impact in the Q1 of 2026 by increasing production and generating continued growth for the Company."

Kolibri Global Energy announced that the Toronto Stock Exchange has accepted a notice filed by the company of its intention to make a normal course issuer bid to purchase up to an aggregate of 1,768,841 common shares, being approximately 5% of the total number of 35,376,833 Shares issued and outstanding as at September 10, 2025, through the facilities of the TSX and the Nasdaq Capital Market or through alternative Canadian trading platforms. The actual number of Shares which may be purchased pursuant to the Bid will be determined by management of the company.