Orca Exploration Group Class B ( (ORXGF) ) has released its Q2 earnings. Here is a breakdown of the information Orca Exploration Group Class B presented to its investors.
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Orca Energy Group Inc. is an international public company focused on natural gas development and supply in Tanzania, operating primarily through its subsidiary, PanAfrican Energy Tanzania Limited (PAET). The company is listed on the TSX Venture Exchange under the symbols ORC.A and ORC.B.
In the latest earnings report for Q2 2025, Orca Energy Group reported a 9% increase in daily gas sales compared to the same period in the previous year, despite a slight decrease in revenue. The company highlighted robust demand from industrial customers and a strong financial position with significant cash reserves.
Key financial metrics showed a notable increase in net income attributable to shareholders, which rose by 1,786% for Q2 2025, driven by the reversal of loss allowances following the collection of long-term arrears from the Tanzanian Electric Supply Company Limited (TANESCO). Additionally, net cash flows from operating activities surged by 91% for the quarter. However, capital expenditures saw a significant reduction, reflecting the company’s strategic focus on safety and maintenance.
Orca Energy Group is currently navigating several legal and contractual disputes, including arbitration proceedings related to its operations in Tanzania. Despite these challenges, the company remains committed to maintaining high safety standards and reviewing its capital allocation strategy.
Looking ahead, Orca Energy Group plans to focus on essential maintenance and safety while carefully considering its capital expenditures. The company aims to continue engaging with the Tanzanian government to resolve ongoing disputes and secure the extension of its operating license.