Breakdown | ||||
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
167.90M | 199.10M | 134.10M | 142.00M | 189.70M | Gross Profit |
56.70M | 82.30M | 19.50M | 18.20M | 61.10M | EBIT |
-19.70M | 67.10M | 4.50M | 5.00M | 38.00M | EBITDA |
35.00M | 143.10M | 94.60M | -171.10M | 115.50M | Net Income Common Stockholders |
-48.80M | 24.40M | -4.70M | -215.60M | -26.50M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
32.60M | 45.30M | 27.10M | 24.60M | 58.50M | Total Assets |
457.00M | 572.90M | 589.70M | 549.00M | 858.00M | Total Debt |
41.00M | 75.00M | 80.50M | 54.10M | 105.30M | Net Debt |
9.60M | 29.70M | 53.40M | 29.50M | 46.80M | Total Liabilities |
183.50M | 242.30M | 285.30M | 255.30M | 347.90M | Stockholders Equity |
273.50M | 330.60M | 304.40M | 293.70M | 510.10M |
Cash Flow | Free Cash Flow | |||
21.70M | 23.60M | -28.80M | 17.40M | 12.20M | Operating Cash Flow |
44.90M | 53.40M | 10.80M | 56.40M | 72.30M | Investing Cash Flow |
-6.60M | -14.00M | -39.80M | -41.30M | -217.20M | Financing Cash Flow |
-50.10M | -19.80M | 31.10M | -48.50M | -36.20M |
Pharos Energy has reported a strong start to 2025, with production on track and solid free cash flow generation. The company is advancing its operations in Vietnam with preparations for drilling appraisal wells in the TGT and CNV fields, and in Egypt, it is progressing with concession consolidation negotiations. Pharos remains committed to delivering growth and attractive returns to shareholders, with expectations of meaningful production growth in 2026 and beyond.
The most recent analyst rating on (GB:PHAR) stock is a Hold with a £22.00 price target. To see the full list of analyst forecasts on Pharos Energy stock, see the GB:PHAR Stock Forecast page.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall score reflects a cautiously optimistic outlook. The company’s strong valuation and positive corporate events are balanced by mixed financial performance and neutral technical indicators. While the stock’s valuation is attractive, the technical analysis suggests potential challenges.
To see Spark’s full report on GB:PHAR stock, click here.
Pharos Energy PLC has announced a change in the voting rights held by Aberforth Partners LLP, which has increased its stake to 12.59% from a previous 10.17%. This adjustment in holdings signifies a notable shift in shareholder dynamics, potentially impacting the company’s governance and strategic decisions.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall score reflects a cautiously optimistic outlook. The company’s strong valuation and positive corporate events are balanced by mixed financial performance and neutral technical indicators. While the stock’s valuation is attractive, the technical analysis suggests potential challenges.
To see Spark’s full report on GB:PHAR stock, click here.
Pharos Energy plc announced its total voting rights as of 30 April 2025, with an issued share capital consisting of 424,746,203 ordinary shares, of which 9,122,268 are held in Treasury. This results in a total of 415,623,935 voting rights, which shareholders can use to determine their notification requirements under the FCA’s rules. This announcement provides clarity on shareholder voting rights, potentially impacting investor decisions and the company’s governance structure.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall score reflects a cautiously optimistic outlook. The company’s strong valuation and positive corporate events are balanced by mixed financial performance and neutral technical indicators. While the stock’s valuation is attractive, the technical analysis suggests potential challenges.
To see Spark’s full report on GB:PHAR stock, click here.
Pharos Energy announced that its CEO, Katherine Roe, and CFO, Sue Rivett, have purchased additional shares in the company, reflecting their confidence in its future prospects. This move is likely to positively impact stakeholder perception and demonstrates strong leadership commitment to the company’s growth strategy.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall stock score reflects a cautiously optimistic outlook. The attractive valuation with a low P/E ratio and high dividend yield provides a solid investment basis. However, the mixed financial performance and bearish technical indicators suggest potential challenges. Investors should consider the company’s efforts to enhance shareholder value and its strategic focus on growth.
To see Spark’s full report on GB:PHAR stock, click here.
Pharos Energy plc has released its 2024 Annual Report and Accounts, alongside the 2025 Notice of Annual General Meeting, which are now accessible on the company’s website. The AGM is scheduled for 22 May 2025, and Pharos emphasizes the importance of shareholder participation, offering options for remote voting and question submission. This announcement underscores Pharos’s commitment to transparency and shareholder engagement, potentially impacting its operational credibility and investor relations.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall stock score reflects a cautiously optimistic outlook. The attractive valuation with a low P/E ratio and high dividend yield provides a solid investment basis. However, the mixed financial performance and bearish technical indicators suggest potential challenges. Investors should consider the company’s efforts to enhance shareholder value and its strategic focus on growth.
To see Spark’s full report on GB:PHAR stock, click here.
Pharos Energy plc announced the departure of Mohamed Sayed, the Chief Operating Officer, after over six years of service. This management change comes as the company continues to leverage its experienced team to maintain its cash-generative business model and explore both organic and inorganic growth opportunities.
Spark’s Take on GB:PHAR Stock
According to Spark, TipRanks’ AI Analyst, GB:PHAR is a Neutral.
Pharos Energy’s overall stock score reflects a cautiously optimistic outlook. The attractive valuation with a low P/E ratio and high dividend yield provides a solid investment basis. However, the mixed financial performance and bearish technical indicators suggest potential challenges. Investors should consider the company’s efforts to enhance shareholder value and its strategic focus on growth.
To see Spark’s full report on GB:PHAR stock, click here.
Pharos Energy announced that its Chief Financial Officer, Sue Rivett, increased her shareholding by exercising awards under the company’s Long-Term Incentive Plan. This move reflects confidence in the company’s future prospects, as the shares were acquired at no cost, with a portion sold to cover tax liabilities. The transaction underscores the company’s commitment to aligning executive interests with those of shareholders, potentially impacting its market perception positively.
Pharos Energy announced its total voting rights as of March 31, 2025, with an issued share capital of 424,678,355 ordinary shares and 9,122,268 shares held in Treasury, resulting in 415,556,087 total voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules. The announcement reflects Pharos’ compliance with regulatory requirements and provides transparency to its stakeholders, potentially impacting shareholder decisions and market perceptions.
Pharos Energy has announced the grant of nil-price share options to its Executive Directors under its Long-Term Incentive Plan. CEO Katherine Roe received 3,593,073 shares, and CFO Sue Rivett received 2,646,787 shares, with vesting over three years subject to performance conditions. This move aligns with Pharos’ strategy to incentivize leadership and potentially enhance its market positioning by aligning executive interests with shareholder value.
Pharos Energy announced that its CEO, Katherine Roe, and CFO, Sue Rivett, have purchased shares in the company, reflecting their confidence in its future prospects. This move may signal a positive outlook for the company’s operations and could potentially strengthen its market position, reassuring stakeholders of its leadership’s commitment to the company’s growth.
Pharos Energy plc reported strong progress in 2024, highlighted by the extension of its producing licenses in Vietnam and successful drilling results in both Vietnam and Egypt. The company maintained stable production, generating consistent cash flows, which allowed it to repay legacy debt and increase the final dividend by 10%. With a debt-free balance sheet and $16.5 million in cash, Pharos is well-positioned to pursue growth opportunities. The company plans to focus on projects with high returns, including further development in Vietnam and a merger of its Egyptian concessions. The operational and financial achievements underscore Pharos’ strategic focus on sustainable growth and shareholder returns.
Pharos Energy plc announced that CEO Katherine Roe and CFO Sue Rivett will present the company’s Preliminary Results 2024 via Investor Meet Company on 31 March 2025. This presentation is accessible to current and potential shareholders, allowing for pre-event and live questions, and aims to engage stakeholders by providing insights into the company’s financial and operational performance. The announcement underscores Pharos Energy’s commitment to transparency and stakeholder engagement, potentially impacting investor confidence and market positioning.
Pharos Energy announced that its CEO, Katherine Roe, and CFO, Sue Rivett, have purchased additional shares in the company, reflecting their confidence in its future prospects. This move is likely to be seen positively by stakeholders, as it demonstrates the leadership’s commitment to the company’s growth and stability in the energy sector.
Pharos Energy plc has announced a non-binding Memorandum of Understanding with the Egyptian General Petroleum Corporation (EGPC) for the merger of the El Fayum and North Beni Suef Concession Agreements. This merger aims to unlock significant value in the Western Desert by improving fiscal terms, extending concession terms, and committing to additional work programs to boost production. The MOU signifies a critical step in Pharos’s strategy to consolidate its Egyptian portfolio, which is expected to generate substantial value for shareholders. The agreement underscores the company’s commitment to organic growth and enhancing shareholder returns.