Vaalco Energy (EGY) financial statements
Vaalco Energy reported revenue of $359M in fiscal 2025, up 22.0% a year over 9 years.
Net income was -$41M and the operating margin -5.7%, against -7.3% in 2016.
The diluted share count rose 78% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Vaalco Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60M | $77M | $105M | $85M | $67M | $199M | $354M | $455M | $479M | $359M |
| Selling, general and admin | $10M | $10M | $11M | $15M | $11M | $15M | $10M | $24M | $30M | $33M |
| Operating income | -$4M | $20M | $51M | $21M | -$27M | $79M | $171M | $159M | $136M | -$21M |
| Interest expense | $3M | $1M | $145,000 | — | — | — | — | — | — | — |
| Pre-tax income | -$9M | $21M | $55M | $21M | -$20M | $60M | $123M | $150M | $140M | -$27M |
| Income tax | $9M | $10M | -$43M | $24M | $28M | -$22M | $71M | $90M | $81M | $15M |
| Net income | -$27M | $10M | $98M | $3M | -$48M | $82M | $52M | $60M | $58M | -$41M |
| EPS (diluted) | -$0.45 | $0.16 | $1.62 | $0.04 | -$0.83 | $1.37 | $0.73 | $0.56 | $0.56 | -$0.40 |
| Diluted shares | 58M | 59M | 60M | 59M | 58M | 59M | 70M | 107M | 104M | 104M |
| Operating margin | -7.3% | 25.9% | 48.9% | 25.1% | -40.6% | 39.7% | 48.3% | 34.9% | 28.5% | -5.7% |
| Net margin | -44.4% | 12.5% | 93.6% | 3.0% | -71.7% | 41.1% | 14.6% | 13.3% | 12.2% | -11.5% |
Balance sheet
Fiscal years, from Vaalco Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $20M | $20M | $33M | $46M | $48M | $49M | $37M | $121M | $83M | $59M |
| Receivables | $7M | $4M | $12M | $14M | — | $22M | $52M | $45M | $95M | $40M |
| Total current assets | $38M | $36M | $59M | $70M | $64M | $88M | $200M | $228M | $238M | $133M |
| Property, plant and equipment | $28M | $23M | $53M | $68M | $37M | $94M | $495M | $460M | $538M | $586M |
| Total assets | $81M | $80M | $166M | $212M | $141M | $263M | $856M | $823M | $955M | $913M |
| Total current liabilities | $56M | $47M | $41M | $64M | $53M | $84M | $162M | $127M | $182M | $192M |
| Long-term debt | $7M | $2M | — | — | — | — | — | — | — | — |
| Total liabilities | $81M | $69M | $56M | $102M | $80M | $119M | $390M | $344M | $453M | $470M |
| Shareholders' equity | -$358,000 | $10M | $110M | $110M | $61M | $144M | $466M | $479M | $502M | $443M |
| Net debt | -$6M | -$11M | -$33M | -$46M | -$48M | -$49M | -$37M | -$121M | -$83M | -$59M |
Cash flow
Fiscal years, from Vaalco Energy's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$79,000 | $9M | $37M | $26M | $27M | $50M | $129M | $224M | $114M | $213M |
| Capital spending | $9M | $2M | $14M | $10M | — | — | — | — | — | — |
| Free cash flow | -$9M | $7M | $23M | $16M | — | — | — | — | — | — |
| Stock-based compensation | $192,000 | $1M | $2M | $4M | $114,000 | $2M | $2M | $3M | $4M | $6M |
| Dividends paid | — | — | — | — | $0 | $0 | $9M | $27M | $26M | $26M |
| Share buybacks (net) | -$51,000 | -$20,000 | -$58,000 | -$4M | -$992,000 | -$1M | -$4M | -$24M | -$7M | -$709,000 |
| Net borrowing | — | -$10M | -$9M | — | — | — | — | — | — | — |
| Free cash flow margin | -14.7% | 9.3% | 22.0% | 19.1% | — | — | — | — | — | — |
| Dividends per share | — | — | — | — | — | — | $0.13 | $0.25 | $0.25 | $0.25 |
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What was Vaalco Energy's revenue in 2025?
$359M in fiscal 2025, from its 10-K filing.
From Vaalco Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.