Arrow Exploration (LSE:AXL) said its 2026 work programme is fully funded at US$24m and will be financed from operating cash flow and cash on hand following the filing of its audited 2025 results.
For the year ended 31 December 2025, Arrow reported total oil and gas revenue of US$70.5m, adjusted EBITDA of US$35m (FY 2024: US$48.1m), funds flow from operations of US$32.4m (FY 2024: US$35.6m) and net income of US$1.4m after a US$7.6m impairment, while average production rose 13% to 4,012 boe/d.
"Arrow's continued drilling success in 2025 has solidified the production and cashflow base which enables the Company to maintain a constructive low risk drilling pace," said Marshall Abbott, CEO of Arrow.
The company finished 2025 with cash of US$11.2m and no outstanding debt, secured ANH approval to terminate the COR-39 contract releasing a US$12m commitment, drilled 14 development wells across the Tapir block in 2025 and has since brought the M-HZ12 horizontal well onstream while mobilising a rig for the Icaco-1 exploration well.
Arrow reported year-end working interest gross reserves of 5,415 Mboe (1P), 11,775 Mboe (2P) and 20,102 Mboe (3P) with 2P net present value before tax of US$245m at a 10% discount, and its audited financial statements, MD&A and reserves report have been filed on SEDAR.
