Investors

2025 Full-year Results

5 March 2026

Harbour Energy plc published Full-year Results for 2025 on Thursday, 5 March followed by an online presentation hosted by management at 9am GMT.

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Harbour Energy is one of the world’s largest and most geographically diverse independent oil and gas companies. With operations across Europe, Latin America, North Africa and Southeast Asia, we play a significant role in safely and responsibly meeting the world’s energy needs.

Harbour benefits from competitive operating costs and resilient margins, along with a broad set of growth options, including near-infrastructure opportunities in Norway, unconventional scalable opportunities in Argentina and conventional offshore projects in Mexico and Indonesia.

With low GHG emissions intensity and a leading CO₂ storage position in Europe, Harbour remains committed to producing oil and gas safely and responsibly to help meet the world’s energy needs while creating value for our stakeholders.

2025 was a year of significant progress for Harbour. We delivered excellent operational performance while maintaining capital discipline and integrating new assets. This drove record production and higher free cash flow against a backdrop of lower commodity prices. In addition, we improved our cost structure, built momentum at our growth projects in Mexico and Argentina, and announced three significant transactions. Together these actions position Harbour’s portfolio to deliver higher margin production over the coming years, leading to material growth in free cash flow.

Today, Harbour Energy offers a unique investment proposition:

A track record of strategic, operational and financial delivery supported by a world-class team

Broad set of attractive strategic investment options, with c.20 years of organic inventory and proven M&A capability

A large scale, diverse producing asset base with a competitive cost structure and exposure to Brent oil prices and European gas prices

Significant and sustainable free cash flow generation, investment grade credit ratings, and rigorous capital discipline

Returns-focused with competitive dividend policy and track record of returning excess free cash flow to shareholders

c.475-500 kboepd
global production, 2026 (guidance)

c.$14.5 /boe
operating costs, 2026 (guidance)

c.1.12 bnboe

2P (2025) (proven and probable reserves)

c.1.84 bnboe

2C (2025) (contingent resources)

Investment grade
credit ratings

Leading
CO₂ storage
position in Europe

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Annual Report 2025

Our purpose is to play a significant role in meeting the world’s energy needs through the safe, efficient and responsible production of hydrocarbons, while creating value for our stakeholders.

Annual Report 2025

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