Kistos reports narrower full-year statutory loss
By Josh White
Date: Friday 26 Jun 2026
(Sharecast News) - Kistos reported a narrower full-year statutory loss for 2025 on Friday, as production rose and adjusted earnings edged higher following the start-up of the Jotun FPSO and stronger-than-expected performance from the Greater Laggan Area.
The AIM-traded independent energy group said average production increased to 8,940 barrels of oil equivalent per day in the year ended 31 December, from 8,050 boepd in 2024, while adjusted EBITDA rose to $96.6m from $95.3m.
Revenue slipped to $212.9m from $216.3m as the average realised sales price fell to $65 per barrel of oil equivalent from $69, while the statutory loss after tax narrowed to $2m from $52m.
Kistos said 2026 proforma production guidance remained at 19,000 to 21,000 boepd, supported by its planned acquisition of onshore Oman interests and continued development in Norway, including Balder Phase V, Balder Phase VI and the recently sanctioned Balder Next project.
Executive chairman Andrew Austin said 2025 had been "transformational" for Kistos, adding that the company remained "actively focused on pursuing further value accretive M&A opportunities" to grow scale, optimise asset diversity and enhance shareholder value.
At 1133 BST, shares in Kistos Holdings were up 2.39% at 235.5p.
Reporting by Josh White for Sharecast.com.
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