**Summary of Harbour Energy PLCs 2025 Half-Year Results**
Harbour Energy PLC reported strong half-year results for 2025, driven by excellent operational execution and the benefits of the Wintershall Dea acquisition. Key highlights include
1. **Strong Operational Performance**
Production increased significantly to **488 kboepd** (H1 2024: 159 kboepd), supported by new projects and improved reliability.
Unit operating costs decreased by **30%** to **$12.4/boe** (H1 2024: $18.5/boe).
Net equity GHG intensity more than halved to **12 kgCO2/boe** (H1 2024: 27 kgCO2/boe).
2. **Financial Highlights**
Revenue and other income rose to **$5.3 billion** (H1 2024: $1.9 billion).
EBITDAX increased to **$3.9 billion** (H1 2024: $1.2 billion).
Free cash flow surged to **$1.36 billion** (H1 2024: $0.38 billion).
Net debt reduced to **$3.8 billion** (YE 2024: $4.7 billion), with leverage at **0.5x** (YE 2024: 1.1x).
3. **Strategic Initiatives**
Announced a **$100 million share buyback program**, reflecting confidence in capital allocation priorities.
Completed divestment of the Vietnam business, exiting the country.
Took investment decisions on key projects, including the **Southern Energy SA LNG project** in Argentina and the **Kan field** in Mexico.
4. **Outlook and Shareholder Returns**
Production guidance narrowed upwards to **460-475 kboepd**.
Free cash flow outlook increased to **$1.0 billion**.
Interim dividend of **$227.5 million** declared, in line with the annual dividend policy.
Expected total payout of free cash flow to reach **c.55%** for the year, including the share buyback.
CEO Linda Z. Cook emphasized the companys strong operational delivery, financial discipline, and commitment to shareholder returns, positioning Harbour Energy for continued growth and resilience.