BW Energy delivered strong operational performance in Q3 2025 with high production uptime and efficient execution of maintenance programs. Key projects like Maromba and Golfinho Boost are progressing well. Financially, EBITDA was USD 96.0 million, net profit was USD 20.1 million, and cash position was USD 259.3 million. Operating cost was USD 22.7 per barrel.

Production guidance for 2025 remains at 11-12 mmbbls, with operating cost expected to be USD 19-21 per barrel. CAPEX guidance reduced to USD 475-525 million. BW Energy closed significant debt financing for the Maromba project and secured a revolving credit facility of USD 250 million with DNB Bank.

In operations, net production in Gabon was stable at 20.0 kbopd, while in Brazil, net production from Golfinho field increased to 6.3 kbopd. Exploration and development activities are progressing well across different projects. Net cash inflow from operating activities was USD 89.5 million.

BW Energy remains focused on delivering long-term value through safe operations, disciplined cost management, and project development. The company is on track to meet production expectations and reduce costs and investments for the year. The financial structure has been strengthened, positioning BW Energy for growth and value creation.

Read more at GlobeNewswire: BW ENERGY: THIRD QUARTER RESULTS 2025