VAALCO reports FY2025 net loss $41.4M; production above guidance; Canadian divestiture $25.5M

VAALCO ENERGY INC /DE/

FY2025 net loss $41.4M ($0.40/diluted share); adjusted net loss $4.0M ($0.04/share).
Q4 2025 net loss $58.6M ($0.56/sh); adjusted net loss $2.3M ($0.02/sh); Adjusted EBITDAX $42.9M.
FY2025 sold 17,452 BOEPD, above high end guidance; year-end proved reserves 43.0 MMBOE.
Divested Canadian properties for $25.5M (closed Feb 19, 2026); declared $0.0625 quarterly dividend payable March 27.
2026 capex budget $290-$360M; acquired 70% WI in CI-705 block offshore Côte d'Ivoire.

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