ShaMaran Q2 FY26 adjusted EBITDAX falls 46% to $11.9 million; revenue drops 50% to $17.8 million

• ShaMaran Q2 2026 revenue fell 50% to $17.8 million, mainly due to the Atrush and Sarsang shut-in.
• Gross margin on oil sales rose 4% to $13.3 million; oil sales averaged $84.23/bbl, more than doubled from a year earlier.
• Net cash flow from operating activities dropped 92% to $2.2 million, reflecting shut-in timing and cash receipts for pipeline exports.
• Adjusted EBITDAX fell 46% to $11.9 million; cash was $29 million at June 30, with gross debt of $143.8 million.
• Production restarted in late June, then shut in again July 20 on security concerns; CEO Garrett Soden cited efforts to secure PSC top-up payments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ShaMaran Petroleum Ltd. published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.