$GPRK
GeoPark Ltd
CIK:0001464591|SEC Filings
CONSOLIDATED STATEMENT OF INCOME - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| CONSOLIDATED STATEMENT OF INCOME | |||
| REVENUE | $ 492,518,000 | $ 660,838,000 | $ 756,625,000 |
| Production and operating costs | (141,059,000) | (164,034,000) | (232,325,000) |
| Geological and geophysical expenses | (10,538,000) | (12,595,000) | (11,192,000) |
| Administrative expenses | (40,544,000) | (49,534,000) | (43,969,000) |
| Selling expenses | (20,909,000) | (14,914,000) | (13,084,000) |
| Depreciation | (117,190,000) | (130,659,000) | (120,934,000) |
| Write-off of unsuccessful exploration efforts | (13,422,000) | (14,779,000) | (29,563,000) |
| Impairment loss for non-financial assets | (30,989,000) | 0 | (13,332,000) |
| Other (expenses) income, net | (7,324,000) | (777,000) | (21,319,000) |
| OPERATING PROFIT | 110,543,000 | 273,546,000 | 270,907,000 |
| Financial expenses | (76,324,000) | (51,551,000) | (45,815,000) |
| Financial income | 21,718,000 | 8,016,000 | 6,237,000 |
| Foreign exchange (loss) gain | (7,286,000) | 12,160,000 | (16,820,000) |
| PROFIT BEFORE INCOME TAX | 48,651,000 | 242,171,000 | 214,509,000 |
| Income tax benefit (expense) | 1,016,000 | (145,792,000) | (103,441,000) |
| PROFIT FOR THE YEAR | $ 49,667,000 | $ 96,379,000 | $ 111,068,000 |
| Earnings per share (in US$). Basic | $ 0.96 | $ 1.84 | $ 1.95 |
| Earnings per share (in US$). Diluted | $ 0.95 | $ 1.81 | $ 1.94 |
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|||
| Operating activities | |||||
| Profit for the year | $ 49,667,000 | $ 96,379,000 | $ 111,068,000 | ||
| Adjustments to reconcile profit to net cash flows for: | |||||
| Income tax (benefit) expense | (1,016,000) | 145,792,000 | 103,441,000 | ||
| Depreciation | 117,190,000 | 130,659,000 | 120,934,000 | ||
| Loss on disposal of property, plant and equipment | 29,000 | 38,000 | 426,000 | ||
| Impairment loss for non-financial assets | 30,989,000 | 0 | 13,332,000 | ||
| Write-off of unsuccessful exploration efforts | 13,422,000 | 14,779,000 | 29,563,000 | ||
| Interest and amortization of debt issue costs | 49,298,000 | 31,088,000 | 30,839,000 | ||
| Borrowings cancellation gain, net | (3,917,000) | 0 | 0 | ||
| Amortization of other long-term liabilities | (90,000) | (107,000) | (127,000) | ||
| Unwinding of long-term liabilities | 4,780,000 | 5,153,000 | 6,456,000 | ||
| Share-based payment expenses | 4,467,000 | 6,274,000 | 7,328,000 | ||
| Foreign exchange loss (gain) | 10,065,000 | (12,160,000) | 19,729,000 | ||
| Income tax paid | [1] | (96,870,000) | (66,805,000) | (115,626,000) | |
| Changes in working capital | (163,309,000) | 119,941,000 | (26,425,000) | ||
| Cash flows from operating activities - net | 14,705,000 | 471,031,000 | 300,938,000 | ||
| Investing activities | |||||
| Purchase of property, plant and equipment | (98,358,000) | (191,310,000) | (199,040,000) | ||
| Acquisitions of business | (115,518,000) | 0 | 0 | ||
| Unconsummated transaction in Argentina | 38,000,000 | (38,000,000) | 0 | ||
| Proceeds from divestment of long-term assets | 20,381,000 | 2,455,000 | 450,000 | ||
| Cash flows used in investing activities - net | (155,495,000) | (226,855,000) | (198,590,000) | ||
| Financing activities | |||||
| Proceeds from borrowings | 553,000,000 | 10,728,000 | 0 | ||
| Debt issuance costs paid | (5,034,000) | 0 | 0 | ||
| Principal paid | (512,629,000) | (731,000) | 0 | ||
| Interest paid | (41,523,000) | (27,736,000) | (27,500,000) | ||
| Lease payments | (5,733,000) | (7,775,000) | (10,267,000) | ||
| Repurchase of shares | 0 | (43,691,000) | (31,239,000) | ||
| Cash distribution | (24,203,000) | (30,035,000) | (29,715,000) | ||
| Cash flows used in financing activities - net | (36,122,000) | (99,240,000) | (98,721,000) | ||
| Net (decrease) increase in cash and cash equivalents | (176,912,000) | 144,936,000 | 3,627,000 | ||
| Cash and cash equivalents at January 1 | 276,750,000 | 133,036,000 | 128,843,000 | ||
| Currency translation differences | 480,000 | (1,222,000) | 566,000 | ||
| Cash and cash equivalents at the end of the year | 100,318,000 | 276,750,000 | 133,036,000 | ||
| Cash and cash equivalents are comprised by: | |||||
| Cash in bank and bank deposits | 100,317,000 | 276,739,000 | 133,023,000 | ||
| Cash in hand | 1,000 | 11,000 | 13,000 | ||
| Cash and cash equivalents | $ 100,318,000 | $ 276,750,000 | $ 133,036,000 | ||
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