Savannah Energy PLC, the British independent energy company focused on delivering Projects that Matter, has announced unaudited financial and operational results for the seven months ended 31 July 2025.
The company recorded Total Revenues of US$147.3 million, a 4% increase on the same period last year, alongside a 37% rise in cash collections to US$219.2 million and a 12% reduction in trade receivables. Cash balances rose to US$93.7 million, while net debt fell to US$591.9 million, or US$549.5 million excluding the SIPEC Acquisition. Only 6% of debt is recourse to the parent company.
Operationally, Savannah signed a turnkey drilling contract for up to two wells on the Uquo Field, with the Uquo NE development well scheduled to spud in January 2026 and first gas expected by the end of Q1. The well is forecast to deliver up to 80 MMscf/d of gas, supported by a recently completed compression project. Meanwhile, Stubb Creek production has risen to 3.2 Kbopd, up 20% on 2024, with further growth targeted.
The company is also advancing a 696 MW pipeline of renewable and hybrid power projects across Africa, including the 250 MW Parc Eolien de la Tarka wind farm in Niger—now a Government priority project—and the 95 MW Bini a Warak hydro-solar project in Cameroon, for which negotiations on a Joint Development Agreement are at an advanced stage.
Andrew Knott, CEO of Savannah Energy, said: “2025 continues to be an exciting year for Savannah as we deliver on our nine focus area projects, from debt refinancing and production growth to expanding our power division and progressing transformational acquisitions.”
