ShaMaran Petroleum reports Q1 results

2025-05-08 09:25:40 ET

• ShaMaran Petroleum press release ( TSXV: SNM:CA ): Q1 Revenue of $35.86M (+58.7% Y/Y).
• ShaMaran generated $37.8 million of free cash flow before debt service² in Q1 2025 (116% higher than the $17.5 million in Q1 2024);
• Adjusted EBITDAX³ in Q1 2025 was $24.5 million (61% higher than the $15.2 million in Q1 2024);
• At March 31, 2025, the Company had cash of $79.3 million and gross debt of $188.7 million (including the $173.1 million corporate bond and $15.6 million related-party loan). Net debt ⁴ was $109.4 million; and
• At May 7, 2025, the Company has cash of $55.0 million and gross debt of $159.4 million (including the $143.8 million corporate bond and $15.6 million related-party loan). Net debt? is $104.4 million.

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