SERICA ENERGY PLC - 2025 full-year results

Serica Energy PLC’s (SQZ:AIM) 2025 full-year results investor update highlights a resilient business with improving operational momentum, a strengthened asset base and clear growth potential into 2026. Despite production disruption at Triton affecting revenue and reported earnings, management emphasized that the business remains highly cash generative, with materially stronger free cash flow expected as recent acquisitions complete, production normalizes and net debt reduces sharply. Serica reaffirmed its strategy of acquiring and optimizing mature oil and gas assets, with completed and pending transactions expected to increase reserves by 19%, add more than 20,000 boepd of production capacity and diversify revenue and cash flow across a broader portfolio. The company maintained shareholder returns with a 16 pence per share dividend for the year and a proposed 10% final dividend, while continuing to invest in organic growth projects across its existing portfolio and newly acquired assets. Management also pointed to a substantial pipeline of development opportunities, including infill drilling, tie-backs and West of Shetland growth options, supporting longer-term production visibility and value creation. Financial results showed 2025 revenue of $601 million, with profit before tax remaining positive despite operational headwinds, while significant tax losses and disciplined hedging continue to support margins, capital allocation and downside protection. Serica also expects a move to the Main Market of the London Stock Exchange in Q3 2026, reinforcing its position as a growth-focused UK energy producer delivering investor returns, portfolio expansion and domestic energy security.