Kolibri Global Energy reports Q1 EPS 11c vs. 16c last year

Reports Q1 revenue $19.6M vs. $16,37M last year. Q1 average production was 4,685 BOEPD, up 15% vs. 1Q25 average production of 4,077 BOEPD. CEO Wolf Regener commented: “We are very happy with the Q1 performance of the company as we had the highest quarterly revenue and Adjusted EBITDA in the company’s history even though our average oil price was only $70.31 per barrel in the quarter. Q1 2026 revenue was $19.6M with average production increasing by 15% and average prices increasing 2% from the prior year Q1. We generated Adjusted EBITDA of $14.8M in Q1 2026, a 16% increase from the prior year Q1. Our net debt at the end of Q1 was $45M which was down from $46M at the end of 2025. We made an additional debt paydown of $4M in April 2026 with another $4M paydown expected in May 2026 and, with our annual capital expenditures forecasted to be significantly less than last year, we plan to reduce our debt level down to our forecasted net debt of $25M-$30M by the end of 2026. We are currently drilling the three 1.5 mile lateral wells…After drilling is complete, the company plans to perform fracture stimulation operations on the wells with production currently expected in Q3 2026.”