Overview

* ShaMaran Q2 2025 revenue rises 56% yr/yr due to higher local oil sales

* Adjusted EBITDAX for Q2 2025 up 59% yr/yr, driven by increased production

* Company repaid $29.4 mln of corporate bond

* Over the last year co has reduced net debt by 50%

Outlook

* ShaMaran focused on cash flow and debt repayment

* Company working on Iraq-Türkiye pipeline reopening

*

Result Drivers

* HIGHER LOCAL SALES - Revenue increased 56% yr/yr due to higher local oil sales and increased working interest in Atrush Block

* INCREASED PRODUCTION - Gross margin on oil sales rose 73% yr/yr, driven by increased production and local sales

* DEBT REDUCTION - Net debt reduced by almost 50% over the last year, providing a solid base for potential future shareholder distributions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $35.38

Revenue mln

Q2 $23.85

EBITDAX mln

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)