The Bermuda-registered oil manufacturer centered at the Kurdistan area of Iraq posted USD14.7 million in pretax benefit for 2025, emerging 86% from USD7.9 million in 2024.
Supporting profits used to be a 9% top-line acquire, as income complicated to USD164.8 million from USD151.2 million.
Gulf Keystone described its manufacturing efficiency as “resilient”, as gross reasonable manufacturing advanced 2.1% to 41,560 barrels of oil in step with day, from 40,689 barrels a yr previous.
The corporate reported a mean realised value in step with barrel of USD33.9, up 26% from USD26.8, and bolstering its top-line.
Stocks in Gulf Keystone have been buying and selling 5.6% upper at 226.00 pence on Thursday afternoon in London.
The oil manufacturer declared an intervening time dividend of USD12.5 million, value 5.75 US cents in step with percentage. That is less than the USD25 million intervening time dividend it declared in reference to its 2024 effects, value 11.52 cents in step with percentage.
Having a look forward, the Gulf Keystone stated it has positioned below evaluation its 2026 gross reasonable manufacturing steering of 37,000 barrels of oil in step with day to 40,000 barrels, owing to the “the deterioration of the regional security environment and the production shut-in”.
“We delivered a strong operational and financial performance in 2025 in line with guidance and another year of zero Lost Time Incidents. Free cash flow generation enabled the continued execution of our strategy as we balanced investments in production enhancing projects with USD50 million of dividends. Kurdistan pipeline exports restarted in September 2025, representing a significant milestone for the company and broader industry,” stated Leader Govt Jon Harris.
“We started 2026 positively, with production increasing above 44,000 bopd towards the end of February and consistent export payments generating cash flow. We have also been making good progress towards a return to international prices, with lower discounts to Brent visible in 2025 export invoices.”
Company Information Oil & Gasoline Gulf Keystone Petroleum
