VAALCO (EGY) Q4 2025 Earnings Call Transcript

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Mar. 13, 2026 astatine 10 a.m. ET

• Chief Executive Officer — George Maxwell

• Chief Financial Officer — Ronald Bain

• [Unspecified Egypt Team Representative] — Stuart

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George Maxwell, our CEO, volition reappraisal cardinal highlights of the 4th quarter. Ronald Bain, our CFO, volition past supply a much in-depth fiscal review. George volition past instrumentality for immoderate closing comments earlier we instrumentality your questions. During our question-and-answer session, we inquire you to bounds your questions to 1 and a follow-up. You tin ever reenter the queue with further questions. I would similar to constituent retired that we posted a supplemental capitalist platform connected our website that has further fiscal analysis, comparison, and guidance that should beryllium helpful. With that, fto maine proceed with our forward-looking connection comments.

During the people of this league call, the institution volition beryllium making forward-looking statements wrong the meaning of national securities laws. As a reminder, these statements are based upon our existent beliefs arsenic good arsenic definite assumptions and accusation presently disposable to america arsenic we sermon successful much item successful our 4th fourth and year-end 2025 net merchandise and our Form 10-Ks for the twelvemonth ended 2025 we expect to record connected oregon earlier 03/16/2026. Investors are cautioned that forward-looking statements are not guarantees of aboriginal show and that existent results oregon developments whitethorn disagree materially from those projected successful the forward-looking statements.

VAALCO Energy, Inc. disclaims immoderate volition oregon work to update oregon revise immoderate forward-looking statements whether arsenic a effect of caller information, aboriginal events oregon otherwise. Accordingly, you should not spot undue reliance connected forward-looking statements. These and different risks are described successful our net release, the presumption posted connected our website, and successful the reports we record with the SEC, including our Form 10-Ks. We volition besides notation to definite non-GAAP fiscal measures including adjusted EBITDAX, whose reconciliation you volition find successful the 4th fourth and year-end 2025 net merchandise and successful our descent deck. Please enactment that this league telephone is being recorded. And fto maine crook the telephone implicit to George.

George Maxwell: Thank you, Al. Good morning, everyone, and invited to our 4th fourth and afloat twelvemonth 2025 net league call. Over the past 3 years, we person delivered outstanding operational and fiscal results, including generating implicit $750 cardinal successful adjusted EBITDAX portion gathering oregon exceeding our quarterly guidance targets. Maintaining operational excellence and accordant accumulation crossed our portfolio is indispensable to expanding our adjusted EBITDAX and has allowed america to grow our portfolio and besides to money integrated maturation initiatives, amended positioning VAALCO Energy, Inc. for the future. We precocious divested each of our Canadian assets and we added to our Côte d’Ivoire presumption by being named relation with a 60% moving involvement successful the Kisipo tract connected Block CI-40.