**Jadestone Energy PLC FY 2025 Trading Statement Summary**
Jadestone Energy PLC reported a strong performance for the full year ended 31 December 2025, highlighting record annual production, improved financial discipline, and continued operational excellence. Key highlights include
**Record Production**Average Group production reached an all-time high of 19,829 boe/d, a 6% increase year-on-year, driven by strong performance at the Akatara field (~6,100 boe/d) and despite the disposal of the Sinphuhorm field.
**Cost Reduction**Total production costs decreased by 14% to US$243.0 million, reflecting improved cost discipline and operational efficiencies.
**Financial Performance**Revenues (post-hedging) rose 3% to US$408.1 million, despite a 13% decline in average realized oil prices to US$74.42/bbl. Net debt reduced by 15% to US$89.0 million, demonstrating financial resilience.
**Capital Expenditure**Increased to US$112.7 million, primarily due to the Skua-11ST drilling campaign, but remained within guidance.
**Safety and Sustainability**Achieved over 12 million manhours without a lost-time injury, underscoring strong HSE performance.
**Strategic Progress**Advanced the Nam Du/U Minh field development plan in Vietnam, with final government approval pending, and prepared for an infill drilling campaign in Malaysia.
**Hedging**Hedged ~1.7 million barrels of oil and condensate production for the nine months ending September 2026 at an average Brent price of US$67.48/bbl.
CEO T. Mitch Little emphasized the company’s commitment to operational excellence, financial discipline, and growth, despite challenges. Jadestone remains focused on its Asia-Pacific portfolio, with plans to announce 2026 guidance and reserves updates later in February 2026.
**Key Metrics Summary (2025 vs. 2024)**
Group production: 19829 boe/d (2024: 18696 boe/d)
Revenues (post-hedging)US$408.1 million (2024: US$395.0 million)
Total production costsUS$243.0 million (2024: US$282.8 million)
Capital expenditureUS$112.7 million (2024: US$74.5 million)
Net debtUS$89.0 million (2024: US$104.8 million)
Jadestone continues to pursue organic growth and acquisitions in stable jurisdictions, aligned with its Net Zero pledge for Scope 1 & 2 emissions by 2040.