Rex reported FY2025 revenue of USD 318.8 million, up 7% year on year, driven by crude oil sales from the Yumna Field in Oman (after the Oman government’s share of oil) and fields in Norway and Germany. Adjusted EBITDA was USD 91.1 million, down 43%, while loss after tax widened to USD 152.7 million, mainly due to higher production and operating expenses and non-cash items including depletion and impairment losses on oil and gas properties and exploration and evaluation assets. Loss per share was 10.23 US cents (13.37 SG cents). As of 31 December 2025, cash and cash equivalents and quoted investments totalled USD 56.3 million, with cash and cash equivalents of USD 49.1 million. Rex said overall production remained steady at over 10,000 boepd, with Lime Resources Germany contributing to monthly production since 2025. In Norway, two new discoveries in the Brage Field were developed and are contributing to production, and the Bestla tie-back to Brage was completed with wells safely suspended ahead of Christmas tree installation planned for Q3 2026. In Germany, the Main Operating Plan for the Steig Field (100% operated interest) was approved until 31 May 2027. In Oman, Rex raised USD 25 million for a three-well drilling programme in Q1 2026 to boost Yumna production. The group also said drilling complications at the Sèmè Field in Benin increased costs and delayed production, prompting Lime Petroleum Holding to conduct a strategic and financial review, while Rex spun off its commercial drone subsidiary onto Sweden’s Spotlight Stock Market and announced a placement of new and treasury shares with free detachable unlisted warrants to strengthen cash.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rex International Holding Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: BCUYQ0JMM1AU96YJ) on February 27, 2026, and is solely responsible for the information contained therein.
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