Kolibri Global Energy sees FY25 revenue $61M-$65M, up 4%-11% vs. FY24

Sees FY25 adjusted EBITDA $46M-$50M, up 4%-11% vs. FY24. Sees FY25 average production 4,000 to 4,400 boepd, up 15%-27% vs. FY24. “The average production, revenue and Adjusted EBITDA guidance show significant growth from 2024 even though this guidance has been revised lower from the company’s previous guidance due to several factors. The first factor is lower than expected oil prices, which have averaged less than the $70/bbl price used in our original guidance from early January 2025, when oil was at $78/bbl. Also, the four wells that were planned to come on production during the fourth quarter are delayed due to a drill pipe failure. After the Barnes 6-31-3H well was drilled to total depth, the drill pipe failure caused the drilling assembly to become stuck in the wellbore. Attempts to recover the drilling assembly were unsuccessful. As a result, the well is currently being redrilled. This has caused a delay in the fracture stimulations of all four wells since they are located in the same area. While this incident will not impact the ultimate productivity of the well, the delay in the start of production from the new wells has caused us to adjust our original forecast. The company expects annual capital expenditures paid during the year to be in the range of $55 million to $58 million, which is higher than originally forecasted due to the redrill, weather issues, and cost increases in 2025. Net debt is forecasted to be between $46 million and $48 million, which is higher than previously forecast, mainly due to the timing of the wells. We expect to generate cash flow from production, including the four new wells, to make debt paydowns of $8 million to $10 million in the first quarter of 2026.”