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Earnings

Kolibri Global Energy Announces a 40% Increase in Production and a 15% Increase in Net Revenues for the Third Quarter of 2025

By The Northwire Desk — AI Analysis Nov 12, 2025 · 06:45 KEI · 5.89 KOLIBRI GLOBAL ENERGY INC.
KEI · Price

Executive Summary

  • Kolibri Global Energy reported Q3 2025 unaudited results showing production up 40% YoY to 4,254 BOEPD and revenue of $15.0 M (up 15%).
  • Net income fell 29% YoY to $3.6 M ($0.10 EPS) due to higher depreciation, operating costs and a $0.5 M unrealized loss on commodity contracts.
  • Adjusted EBITDA increased 9% YoY to $11.1 M; capital expenditures rose 77% to $17.4 M.

Key Details

  • Production: Average Q3 2025 production 4,254 BOEPD (+40% YoY); first‑nine‑months average 3,851 BOEPD (+22%).
  • Revenue (net of royalties): Q3 2025 $15.0 M (+15% YoY); nine‑month total $42.1 M (+2% YoY).
  • Net Income: Q3 2025 $3.6 M vs $5.1 M FY24 (‑29%); Basic EPS $0.10 vs $0.14 FY24.
  • Adjusted EBITDA: $11.1 M Q3 2025 vs $10.1 M FY24 (+9%).
  • Operating Costs: Production & operating expense per BOE $7.37 (up 11% YoY); excluding tax adjustments, $6.57/BOE (‑1%).
  • Netback: Operations netback $30.84/BOE (‑23% YoY); including commodity contracts $30.89/BOE (‑23%).
  • Capital Expenditures: Q3 2025 $17.4 M vs $9.8 M FY24 (+77%).
  • Credit Facility: Redetermined in Oct 2025, borrowing base unchanged at $65 M; available capacity $18.5 M as of Sep 30 2025.

Operational Highlights

  • Oil share of production rose to 71% in September (up from 66% earlier).
  • Completion of final four 2025 wells expected to start producing Dec 2025, targeting all‑time high production in 2026.
  • Forguson 17‑20‑3H well (46% WI) producing ~192 BOEPD (≈94 BOPD) as of late Oct 2025.

Financial Position (Unaudited)

  • Total Assets: $282.1 M vs $248.8 M FY24.
  • Cash & Equivalents: $2.95 M (down from $4.31 M FY24).
  • Loans & Borrowings: $45.7 M (up from $33.2 M FY24).
  • Total Equity: $201.2 M vs $188.8 M FY24.

Notable Quotes

“We are pleased that the Company continues to increase production, revenue and adjusted EBITDA as we execute our 2025 drilling program… We expect to exit the year with production at an all‑time high.” – Wolf Regener, President & CEO.

Read the original news release →

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