Panoro Energy Reports FY25 Operational and Financial Results

Panoro Energy has released its full-year 2025 operational and financial update, highlighting production growth and cost optimization across its portfolio. The company reported average daily production of 18,200 barrels of oil equivalent (boe) per day, a 14% increase year-on-year, driven by ramped output in its Moroccan and Egyptian assets. Revenue for FY25 reached $312 million, up 22% from $256 million in FY24, reflecting higher production volumes and favorable oil price realizations. Net profit totaled $98 million, compared to $67 million in the prior year. Capital expenditures were $145 million, within guidance, with a focus on infrastructure upgrades and well development. The company ended the year with $110 million in cash and no drawn debt facilities. Panoro Energy plans to drill six new wells in 2026, targeting further production gains in Egypt’s Western Desert and offshore Morocco. Management reaffirmed a 2026 production target of 19,000–20,000 boe/day.