Vermilion Energy Cuts Net Debt by $700 M with $1.01 B FFO, Reserves Up 36%
Vermilion Energy reported a Q4 loss of $314.3 million (EPS -$2.05) on revenues of $329.1 million, while full-year net loss reached $467.8 million (-$3.04/share). In 2025 the company generated $1.01 billion of FFO and $375 million of FCF, reduced net debt by over $700 million to $1.34 billion and grew reserves 36% to 592 mmboe.
1. Fourth Quarter Results
Vermilion reported a Q4 net loss of $314.3 million, or $2.05 per basic share, on $329.1 million of revenue; adjusted earnings excluding impairments were $0.63 per share.
2. Full-Year Cash Flow and Balance Sheet
In 2025 the company generated $1.01 billion of fund flows from operations and $375 million of free cash flow, fully funding $635 million of exploration and development capital and reducing net debt by over $700 million to $1.34 billion; returned $116 million to shareholders via dividends and buybacks.
3. Production Growth and Reserve Expansion
Record production averaged 119,919 boe/d (65% natural gas), up 46% per share, and 2P reserves climbed 36% to 592 mmboe with a 14-year reserve life, while finding and development costs delivered recycle ratios of 1.8x (PDP) and 3.5x (2P).