Gran Tierra sees FY25 revenue $590M-$610M

Although Gran Tierra’s (GTE) results of operations as of and for the year ended December 31, 2025, are not yet final, based upon currently available information, Gran Tierra estimates that as of and for the year ended December 31, 2025: Total company average production was approximately 46,500 BOEPD for the fourth quarter of 2025, and approximately 45,800 BOEPD for the year ended December 31, 2025; Estimated unaudited net debt as at December 31, 2025, was approximately $657 million, comprised of senior notes outstanding of $741 million less cash and cash equivalents of $83 million; Capital expenditures are estimated to be in the range of approximately $250 million to $270 million; Revenue is estimated to be in the range of approximately $590 million to $610 million; Gross profit is estimated to be in the range of approximately $65 million to $75 million; Depletion and accretion expense is estimated to be in the range of approximately $250 million to $270 million; Total operating expenses and total transportation expenses are estimated to be in the range of approximately $250 million to $270 million; Operating netback is estimated to be in the range of approximately $320 million to $340 million; Gran Tierra is expected to record a non-cash impairment charge in the range of approximately $65 million to $85 million, relating to certain of its Canadian long-lived assets, and in the range of approximately $30 million to $50 million, relating to certain of its Colombian long-lives assets; and Adjusted EBITDA for the year ended December 31, 2025, is estimated to be between $270 million to $290 million. The fourth quarter of 2025 financial results were negatively impacted by a large inventory build of approximately 291,000 barrels of oil in Ecuador which were sold in early January for total revenue of approximately $15 million.