Mar. 12 at 10:20 PM
$EGY Cash Flow & Financial Health
Addressing the core fundamentals of the business, Maxwell highlighted the massive improvements in their cash position and their success in collecting owed money (a known headwind for operators in Egypt):
"We also generated
$173 million in Adjusted EBITDAX, driven by strong sales and continued to have increased collections from our receivables, where all of our aged receivables are now largely current. We are particularly pleased with the progress our team have made in our Egyptian receivables in 2025."
He noted that they ended the year with an additional
$35 million in cash compared to the prior quarter, bringing their net debt position down to roughly
$1 million.
