Vaalco Reports Q4 Net Revenue of $91.04M
Reports Q4 net revenue $91.04M vs. $61.00M last year. Sold 18,566 NRI BOEPD while production was 16,128 NRI BOEPD or 20,729 WI BOEPD. Vaalco's SEC proved reserves at December 31, 2025 decreased by 5% to 43.0 MMBOE. CEO George Maxwell commented, "In 2025, we successfully completed another year where we delivered consistent quarterly results that either met or exceeded our guidance. We repeatedly raised production and sales guidance in 2025 and continued to deliver on those increased guidance ranges...We also generated $173M in Adjusted EBITDAX, driven by strong sales and continued to have increased collections from our receivables, where all of our aged receivables are now largely current. We are particularly pleased with the progress our team have made in our Egyptian receivables in 2025...We have successfully grown Vaalco from a single asset delivering around 5,000 BOPD to a diversified, multi country operator well on our way to achieving our goal of 50,000 BOEPD. I believe that we are well positioned to continue to execute operationally and financially to achieve all of our growth targets and continue to generate and return value to our shareholders for the rest of the decade. Our track record of success in delivering results should provide our investors with assurance that we can execute on our expanded portfolio of opportunities."
