PRIO 2QFY26 net income rises 169% to US$ 413 million; revenue more than doubles to US$ 1.4 billion

• PRIO posted 2Q26 net income of US$ 413 million, up 169% from 2Q25.
• Revenue rose to US$ 1.4 billion, up 184% from 2Q25, on 15 million barrels sold and a US$ 94.60/bbl Brent reference price.
• Adjusted EBITDA (ex-IFRS 16) climbed to US$ 879 million, up 218% from 2Q25, as lifting cost fell to US$ 8.9/bbl.
• Net leverage ended the quarter at 1.5x net debt/adjusted EBITDA; the company repurchased 9 million shares.
• Operations included Wahoo reaching 40 kbpd, record companywide output of 172 kbpd, and Peregrino’s first direct offload to a VLCC.

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