Gran Tierra reports record Q4 production 41,009 BOEPD; 2024 net income $3M

GRAN TIERRA ENERGY INC.

2024-FY EPS reported $0.10 revenue$621,849,000

Record Q4 production of 41,009 BOEPD; 2024 average 34,710 BOEPD (+6% YoY).
2024 net income $3.2M ($0.10/share) vs net loss $6.3M in 2023.
Adjusted EBITDA $366.8M in 2024, down 8% YoY due to lower Brent price.
1P reserves 167 MMBOE (record high); 702% reserve replacement; before-tax 1P NAV $35.23/share.
Expects 2025 production 47,000-53,000 BOEPD with 6-8 exploration wells in South America.

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