Highlights – H1 2026
Sharjah, UAE; 7 August 2026: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced its financial results for the half-year ended 30 June 2026.
The Company reported net profit of AED 393 million ($107 million) in H1 2026, compared with AED 270 million ($73 million) in H1 2025, an increase of 47%. Reported net profit included a one-off gas metering reconciliation of AED 176 million ($48 million) that was recognised in Q1. Further details are provided in the Kurdistan Region of Iraq section below. Excluding this item, net profit was AED 217 million ($59 million). Q2 2026 net profit was AED 123 million ($33 million), up 10% from AED 112 million ($30 million) in Q2 2025.
Revenue for the period increased 51% to AED 946 million ($258 million), compared with AED 627 million ($171 million) in H1 2025. Excluding the one-off item, revenue increased by AED 143 million ($39 million) year-on-year, mainly due to higher realised hydrocarbon prices, higher production in Egypt and increased sales gas volumes at Pearl Petroleum.
Profitability reflected a higher cost base following completion of the KM250 expansion, including incremental operating, depreciation and finance costs, together with the impact of short-term production disruption. These impacts are expected to diminish as the Company moves towards higher capacity utilisation.
Operationally, production growth in Egypt continued, supported by the investment programme and ongoing drilling activity. In the KRI, the additional processing capacity delivered by KM250 remained available, although regional security-related disruption constrained utilisation during parts of the period.
Richard Hall, CEO of Dana Gas, commented:
“Our results show the resilience of the business. We managed to increase production and recorded higher net profit despite the regional security situation affecting utilisation of our expanded processing capacity in the KRI.
We recognise and commend the resilience and dedication of our field employees in the KRI, who continued to operate under exceptionally challenging circumstances with safety as a key priority. The Khor Mor plant also demonstrated its reliability under demanding operating conditions. We were one of the only operators to maintain production throughout the disruption, in recognition of our responsibility to continue supplying gas for electricity generation. We also continue to engage constructively with the Kurdistan Regional Government on strengthening collections, which is essential to support future investment.
This week gas supplies commenced to Iraq’s Ministry of Electricity. marking an important step as we begin to realise the benefits of our ongoing expansion programme. By leveraging the additional capacity created through the KM250 expansion, it lays the foundation for more cooperation on energy within Iraq’s growing market, to strengthen energy security while supporting more reliable electricity services.”
In Egypt, production increased year-on-year for a second consecutive quarter, while all overdue receivables were settled and payments continued in full and on time. This gives us greater confidence to continue investing in the country.”
Kurdistan Region of Iraq
Khor Mor began the year at record production levels, with output exceeding 700 MMscf/d and Group production reaching 70 kboepd. During the period, regional security-related disruption led to intermittent suspensions and reduced operations at Khor Mor. This constrained average utilisation and limited the revenue contribution from KM250. While utilisation was temporarily constrained during the period, KM250 remains a key platform supporting the Company’s future growth and is beginning to support the expansion of gas supplies into new domestic markets.
Following renewed regional escalation in July, after the reporting period, Dana Gas implemented short-term precautionary measures at Khor Mor. Following updated security assessments and assurances from the Kurdistan Regional Government and the Government of Iraq, operations have now resumed, and production has normalised to support electricity demand in the area.
At Chemchemal, development activities continued under the $160 million appraisal and early development programme. Long-term gas sales agreements are in place to supply up to 142 MMscf/d to industrial customers in the KRI.
Following the reporting period, gas supplies commenced to Iraq’s Ministry of Electricity from the Khor Mor gas processing facility. Under the agreement, 100 MMscf/d of gas will be supplied to the Kirkuk Taza power station for an initial term of one year. The milestone represents an important step in the Company’s strategy to expand gas sales following completion of the KM250 expansion, enabling the partners to open new domestic markets while supporting electricity generation in Iraq.
During the period, the Company recognised additional invoicing of AED 176 million ($48 million) following a one-off positive gas metering reconciliation at Khor Mor, relating to gas supplied between November 2018 and March 2024 that had not previously been invoiced or paid.
Egypt
In Egypt, production growth continued during H1, building on the improvement achieved at the start of the year. This was supported by the ongoing investment programme and drilling activity across the portfolio.
The Company drilled three new wells and re-completed one well during the period. Two exploration wells were completed in H1, while a further well identified an estimated 10 Bcf of gas resources, compared with the original prognosis of 3 Bcf. The result may support a further 12 Bcf of future gas resources across the licence area once developed. Dana Gas plans to drill four additional wells before the end of 2026.
The operational progress was accompanied by a significant improvement in payment performance. All overdue receivables were settled and payments continued in full and on time, supporting continued investment in the country.
Operations & Production
Group production averaged 52,900 barrels of oil equivalent per day (boepd) in H1 2026, broadly in line with 52,750 boepd in H1 2025. Production growth in Egypt offset the impact of intermittent operations in the KRI during the regional security-related disruption.
In the KRI, production averaged 39,600 boepd, 2% lower than 40,300 boepd in the prior-year period.
In Egypt, production averaged 13,300 boepd, 7% higher than 12,450 boepd in H1 2025, continuing the improvement recorded at the start of the year.
Liquidity
As of 30 June 2026, Dana Gas had a consolidated cash balance increased to AED 843 million ($230 million) compared to AED 638 million ($174 million) on the 30th of June 2025. Cash Balance includes AED 348 million ($95 million) held at the Pearl Petroleum level.
Total collections reached AED 616 million ($168 million), comprising AED 381 million ($104 million) from the KRI and AED 235 million ($64 million) from Egypt.
During the period, Dana Gas fully drew the AED 275 million ($75 million) bank facility secured earlier in the year, increasing the Group’s available liquidity and financial flexibility. The Company also completed the payment of its FY 2025 dividend of 6.5 fils per share, representing a total cash distribution of AED 455 million ($124 million) to shareholders.
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About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and a daily gas processing capacity exceeding 800 MMSCF. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations and Corporate Communications
Sharjah, UAE 04 August 2026: Dana Gas, the Middle East’s first and largest regional private and publicly-listed natural gas company, and Crescent Petroleum, the region’s oldest private oil and gas producer, have commenced supplies of natural gas from the Khor Mor field in the Kurdistan Region to Iraq’s Ministry of Electricity in Kirkuk, to further support the electricity sector in Iraq.
Based on an agreement signed last December with the Iraqi Ministry of Electricity, Dana Gas and Crescent Petroleum, as joint operator of the Kurdistan Gas Project, will supply 100 MMscf/d of gas from the Khor Mor gas processing facility to Kirkuk Taza power station for an initial term of one year to help improve power generation and services in the country.
The milestone reflects a major step in the Companies’ strategy to expand gas sales following the completion of the KM250 expansion, which was commissioned in October 2025, raising production capacity from Khor Mor by 50% to 750 MMscf/d. The expansion has enabled the partners to open new markets and deliver much needed gas by pipeline from the Khor Mor gas processing facility in the KRI.
Majid Jafar, CEO of Crescent Petroleum and Managing Director of the Board of Dana Gas said, “This first delivery of gas to Iraq’s Ministry of Electricity is an important milestone for the companies in their development of gas sector in the Kurdistan Region, while also further supporting the growing electricity demand for Iraq as a whole, and contributing to improved services for the people of Iraq. We thank our partners in the Kurdistan Regional Government, the local authorities in Sulaymaniyah, and the Iraqi Ministry of Electricity for their support and partnership in making this achievement possible.”
Richard Hall, CEO of Dana Gas said, “This agreement marks a significant step as we begin to realise the benefits of our ongoing expansion programme. By leveraging the additional capacity created through the KM250 expansion, it lays the foundation for more cooperation on energy within Iraq’s growing market, to strengthen energy security while supporting more reliable electricity services.”
The Khor Mor gas project provides the fuel for more than 80% of the KRI’s electricity generation, enabling affordable power for more than 8 million Iraqis in the KRI and other governorates of Iraq. With total investment to date exceeding US$ 4.0 billion, the operations have created more than 47,000 direct and indirect jobs. That impact is projected to grow dramatically in coming years with the increased capacity and new projects.
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About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of approximately 52 Kboepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen – Head of Investor Relations
About Crescent Petroleum:
Crescent Petroleum is the first and largest private oil and gas company in the Middle East, with over 55 years of experience as an international operator in numerous countries including Egypt, Yemen, Canada, Tunisia, and Argentina, in addition to its continuing operations in the United Arab Emirates and Iraq. Crescent Petroleum is also the largest shareholder in Dana Gas, the Middle East’s first and largest regional private-sector natural gas company.
Headquartered in the UAE, Crescent Petroleum has international offices in the UK and three locations across Iraq, as well as affiliated offices in Egypt. The company has built its reputation as a pioneer in natural gas, working to unlock the full potential of the Middle East’s energy resources to advance social sustainability and create shared value.
About Pearl Petroleum:
Pearl Petroleum was founded in 2009 as a consortium with Dana Gas and Crescent Petroleum as joint operator with 35% equity share each, and with OMV, MOL, and RWE joining the consortium subsequently with a 10% share each. In the ensuing years, the project has delivered uninterrupted, affordable energy at scale to the KRI, making a considerable impact on the region’s economy, society, and environment.
Capital investment in the project’s infrastructure and day-to-day operations has today reached $4 billion, sustaining significant economic activity in the KRI and the rest of Iraq. The project’s most significant economic contribution, by far, is the gas provided to fuel the KRI’s electricity grid. Pearl’s production fuels circa 80% of the KRI’s electrical power generation. The uninterrupted gas supply has also enabled the region to supply electricity to and parts of Iraq.
Sharjah, UAE; 23 June 2026: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced encouraging results from its Egypt drilling programme, together with the receipt of additional payments totalling AED 79 million ($21.5 million), marking the full settlement of all overdue receivables in Egypt and the continuation of full and timely payments by the Egyptian Government.
The progress achieved in Egypt reflects the combination of an improved fiscal framework under the Consolidated Concession Agreement, constructive cooperation with the Egyptian Government, the closure of all overdue receivables, and Dana Gas’ continued investment in its asset base. The full settlement of overdue receivables and continued timely payments have strengthened the business’ confidence in further investment in Egypt, alongside the Government’s ongoing efforts to encourage upstream investment, increase domestic gas production and reduce reliance on imported LNG.
Dana Gas has been actively executing its $100 million investment programme, focused on stabilising production and restoring growth across its Nile Delta portfolio. The Company delivered a return to production growth in the first quarter of 2026, with average production increasing 4% year-on-year to 13,060 boepd, marking the first increase in output since 2017.
In 2025, the Company successfully drilled four wells and carried out workovers across three additional wells, adding approximately 30 MMscf/d of production and 36 Bcf of reserves.
More recent drilling activity has delivered results significantly above expectations. The latest well has identified an estimated 10 Bcf of gas reserves, significantly exceeding the original prognosis of 3 Bcf. The result opens up additional development and exploration opportunities across the licence area and has the potential to contribute approximately 12 Bcf of future gas resources once developed. The Company plans to drill four further wells before the end of 2026.
Richard Hall, Chief Executive Officer, said: “The Egyptian Government’s settlement of all outstanding receivables and the return to full, timely payments are important developments that give us greater confidence to continue investing in Egypt. Combined with the progress we have made operationally over recent months, this demonstrates the benefits of the investment programme that we continue to execute.
We are already seeing tangible operational results. Production returned to growth in the first quarter for the first time since 2017, and our latest well results have exceeded expectations.
The most recent well has identified significantly more gas resources than originally anticipated, highlighting both the quality of our acreage and the opportunities that remain across our portfolio. The result opens up additional development and exploration potential and further strengthens our confidence in the long-term outlook for the Egypt business.
We are also grateful for the continued support and positive actions of the Ministry of Petroleum and Mineral Resources, EGPC and EGAS, whose actions are helping encourage investors in the energy sector to increase domestic gas production and reduce country’s dependence on gas imports.”
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About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of approximately 52 Kboepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations
Highlights – Q1 2026
Sharjah, UAE; 14 May 2026: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced strong financial results for the three months ended 31 March 2026.
Net profit for Q1 2026 reached AED 270 million ($74 million), representing a 72% year-on-year increase. This performance was supported by a one-off positive adjustment of AED 176 million ($48 million) relating to gas metering reconciliation in the Kurdistan Region of Iraq (KRI), partially offset by AED 22 million ($6 million) one-off drilling cost in Egypt.
Excluding these items, underlying net profit was AED 95 million ($26 million), reflecting a higher cost base following the completion of the KM250 expansion and a temporary production disruption in March. These impacts are expected to be transitional as the Company moves toward higher capacity utilization.
Revenue increased to AED 531 million ($145 million), compared to AED 334 million ($91 million) in Q1 2025 benefiting from the one-off metering adjustment. On an underlying basis, revenue increased by AED 22 million ($6 million) year-on-year, supported by higher production in Egypt and increased gas sales volumes in the KRI.
Kurdistan Region of Iraq
Following the completion of the KM250 expansion, the Company successfully demonstrated enhanced system capacity, with gas production exceeding 700 MMscf/d in January. This contributed an additional 15,000 boepd to the Company’s net production in the KRI, bringing total Group production to 70,000 boepd, the highest level since 2018.
At the end of February, operations at the Khor Mor facility were temporarily suspended and subsequently resumed in March at reduced capacity in response to the evolving regional security landscape. Despite these challenges, the Company responded swiftly, maintaining production levels that remained resilient relative to peers in the KRI, while continuing to reliably supply customers.
Dana Gas and its partners continue to advance the Chemchemal development project, supported by a $160 million investment programme. To secure demand from the field and diversify the customer base, Gas Sales Agreements were signed in January 2026 to supply up to 142 MMscf/d to industrial customers.
Egypt
In Egypt, Dana Gas made significant progress under its investment programme following the Consolidated Concession Agreement, aimed at stabilising production and restoring sustainable growth across its Nile Delta portfolio.
Q1 2026 marked a clear inflection point, with a return to production growth for the first time since 2017 and reflecting early results from drilling and workover activity across the asset base. The Company will continue to progress planned drilling and workover activities during the year to sustain this momentum.
Richard Hall, CEO of Dana Gas, commented:
“Dana Gas has once again demonstrated its resilience and ability to perform in a complex operating environment, supported by our disciplined execution and a strengthened financial position.
During the quarter, we proactively adapted our operations to the challenging macro circumstances which started in March while continuing to supply our customers. This underscores the strength of our asset base and the flexibility of our operating model.
We have since also delivered clear progress in strengthening our financial position with a new loan facility of $75 million and the full settlement of overdue receivables in Egypt in April, bringing receivables fully up to date.
Looking ahead, we remain focused on operating with discipline and flexibility, progressing our key growth projects, including Chemchemal, and utilising our available capacity to capture further upside as conditions continue to normalise.”
Operations & Production
Group production averaged 53,150 barrels of oil equivalent per day (boepd) during the quarter, compared to 53,950 boepd in Q1 2025, reflecting broadly stable production year-on-year.
KRI production averaged 40,100 boepd, compared to 41,400 boepd in Q1 2025, reflecting reduced operational capacity at the Khor Mor facility during March due to the regional security situation.
In Egypt, production increased by 4% to 13,050 boepd, supported by ongoing investment activity under the Company’s development programme and marking a return to production growth.
Liquidity
As of 31 March 2026, Dana Gas’s consolidated cash balance remained strong at AED 836 million ($228 million), including AED 348 million ($95 million) held at the Pearl Petroleum level.
Total collections during the quarter reached AED 249 million ($68 million). Collection performance remained robust in the Kurdistan Region of Iraq, with receipts of AED 220 million ($60 million) and a 100% collection rate.
In Egypt, the collection rate was approximately 50% during the period. Subsequently, in April, the Company received AED 73 million ($20 million), completing the settlement of all overdue receivables and bringing the receivables position fully up to date and strengthening cash flow visibility.
In March 2026, the Company secured a AED 275 million ($75 million) bank facility, which was fully drawn in April. This has materially strengthened our liquidity position and enhanced financial flexibility at a lower cost than the Company’s previous corporate facility that was fully settled in March.
In April, the Company’s shareholders approved a dividend of 6.5 fils per share, amounting to AED 455 million ($124 million), which will be paid on 19 May 2026.
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About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production exceeding 50 kboed. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations and Corporate Communications
Abu Dhabi, UAE – 6 May 2026: Dana Gas PJSC (“Dana Gas”), the Middle East’s largest regional private sector natural gas company, and Levidian, a British advanced materials company, have signed a Memorandum of Understanding (MoU) at Make it in the Emirates (MIITE) to develop the Sharjah Graphene Park, a UAE-based advanced materials manufacturing and commercialisation initiative.
The signing took place at MIITE and was witnessed by senior representatives from the UAE Ministry of Industry and Advanced Technology (MoIAT), Mubadala Investment Company, Sharjah FDI Office (Invest in Sharjah), Sharjah Asset Management, alongside UK government representation.
The agreement builds on the existing partnership between the two companies, first announced in January 2025, under which Dana Gas has been advancing the deployment of a pilot unit using Levidian’s LOOP technology across its operations. The new MoU expands that relationship toward industrial-scale graphene production, market development and the future localisation of LOOP systems in the UAE.
Levidian’s patented LOOP technology uses microwave plasma to crack methane and produce hydrogen and solid carbon in the form of high-quality graphene. This creates valuable materials from existing gas streams and opens up new commercial opportunities from gas that might otherwise be underutilised, while supporting emissions reduction efforts.
The Sharjah Graphene Park will be developed in phases, starting with the deployment of initial LOOP systems in Sharjah to establish local production capability. This phase is expected to deliver indicative graphene production capacity of around 15 tonnes per annum.
Subject to market demand and the success of the initial phase, the project would then scale into a multi-unit production cluster, with a clear pathway toward local assembly, integration and ultimately manufacturing of LOOP systems in the UAE.
Indicative investment for the project is expected to range from $2 to 5 million in the initial phase, scaling to $5 to 50 million for early expansion, with the potential to exceed $50 million+ as the project develops in line with market demand.
The initiative is designed to support a reliable regional supply of high-quality graphene and its integration into key sectors including construction, polymers, coatings and energy, where demand is accelerating.
Richard Hall, CEO of Dana Gas, said: “This agreement reflects our commitment to investing in technologies that create long-term value from natural gas. The Sharjah Graphene Park represents a scalable industrial opportunity, supporting both advanced materials production and the development of local manufacturing capability in the UAE. We see strong potential to build a platform that contributes to industrial growth, economic diversification and long-term value creation.”
Alex Holden, CEO of Levidian, said: “This MoU sets out a clear pathway to scale our technology in partnership with Dana Gas. Alongside graphene production, the opportunity to localise assembly and manufacturing of LOOP systems is a key step in building long-term industrial capability in the region. By combining local infrastructure with growing market demand, we can establish a reliable supply of high-quality graphene and support its adoption across multiple industries.”
Andrew Clark, Deputy General Counsel, UK Department for Business and Trade, said: “We are pleased to see Levidian’s continued progress in the UAE and the expansion of its partnership with Dana Gas. Through the Department for Business and Trade and the Science and Technology Network, we have supported Levidian’s journey as it scales its advanced materials capability in the UAE. This agreement reflects the strength of UK innovation and its ability to translate into industrial partnerships that support manufacturing, sustainability and economic growth in key global markets.”
H.E. Mohamed Juma Al Musharrkh, CEO of Invest in Sharjah, said “Sharjah continues to position itself as a hub for advanced manufacturing and innovation-driven industries. We are committed to supporting strategic partnerships that enable the localisation of cutting-edge technologies and the growth of new industrial sectors. Initiatives like the Sharjah Graphene Park reflect the emirate’s long-term vision to attract high-value investment and accelerate industrial diversification.”
The companies will work together to develop a scalable production platform, build downstream demand and engage with industrial, government and research partners to support the development of a UAE-based graphene ecosystem.
The agreement supports the objectives of Make it in the Emirates, reinforcing the role of advanced materials and local manufacturing in driving industrial growth and economic diversification.
–Ends–
About Dana Gas
Dana Gas is the Middle East’s first and largest private sector natural gas company, established in December 2005 and listed on the Abu Dhabi Securities Exchange (ADX). The Company has exploration, production and midstream gas assets in Egypt, the Kurdistan Region of Iraq and the UAE, with 2P reserves exceeding one billion barrels of oil equivalent and average production of approximately 55,000 boepd. Dana Gas plays a key role in the development of the regional natural gas sector and continues to invest in opportunities that support long-term value creation and operational efficiency.
About Levidian
Levidian is a British advanced materials company focused on the production of high-quality graphene. Its patented LOOP technology uses microwave plasma to crack methane into graphene and hydrogen, enabling the creation of high-performance materials from existing gas streams. Levidian’s graphene is being evaluated and deployed across multiple sectors, including construction, polymers, coatings and energy, supporting the development of next-generation industrial products.
Sharjah, UAE; 1 May 2026: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced it has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled.
The settlement of Dana Gas Egypt’s overdue receivables reflects the Company’s proactive and constructive engagement with the Egyptian Government, alongside the Government’s continued commitment to settling arrears in the sector.
This progress has been underpinned by the stronger fiscal framework established under the Consolidated Concession Agreement signed in late 2024. Following the receipt of a $50 million payment in December 2025, Dana Gas has now received a further $20 million payment, bringing the receivables position to a current position.
During Q1 2026, Dana Gas delivered improved operational performance in Egypt, with average production increasing 4% year-on-year to 13,060 boepd, up from 12,550 boepd in Q1 2025. This marks the first period of production growth in Egypt following a period of natural decline, demonstrating the impact of the Company’s ongoing investment programme.
Dana Gas continues to execute its $100 million investment programme in Egypt, focused on stabilising and growing production across its Nile Delta assets. In 2025, the Company successfully drilled four wells and carried out workovers across three additional wells, adding approximately 30 MMscf/d of production and 36 Bcf of reserves.
Richard Hall, Chief Executive Officer, said: “We are very encouraged by our progress in Egypt, both operationally and in collections. Importantly, this payment completes the settlement of Dana Gas Egypt’s overdue receivables and brings our receivables position fully up to date. It is a further demonstration of the Egyptian Government’s constructive cooperation and continued commitment to supporting investment in the country’s energy sector.
Dana Gas greatly appreciates the ongoing support and cooperation of the Egyptian Government, which has been instrumental in strengthening confidence, supporting ongoing investment, and enabling the Company to continue delivering value from its Egypt operations.”
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About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of approximately 52 Kboepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations
Sharjah, UAE; 21 April 2026: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced that shareholders have approved a cash dividend of 6.5 fils per share for the full year 2025 at its Annual General Assembly Meeting. This represents an 18% increase compared to Company’s 2024 dividend.
The increased dividend reflects Dana Gas’ strengthened financial position, underpinned by resilient operations and a prudent approach in the current geopolitical environment.
Hamid Jafar, Chairman of the Board of Directors, said:
“The approval of this increased dividend reflects the resilience of our business, our continued financial discipline, supported by a higher oil price environment.
At the time of the Board’s March meeting, given the prevailing geopolitical environment, a cautious approach was taken. The approved dividend of 6.5 fils reflects improved conditions and stronger visibility since then and is supported by the Board.
We remain committed to a progressive dividend approach, aligned with sustainable cash generation, while maintaining the financial flexibility to support long-term growth.”
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About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of approximately 52 Kboepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations
Sharjah, UAE; 12 March 2026: The Board of Directors of Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced it has recommended a dividend payment of 5.5 fils per share for the full year 2025. The proposed dividend of AED 385m ($105m) reflects the Company’s healthy cash position and improved cash flow visibility following the successful completion and commissioning of the KM250 gas expansion project in the Kurdistan Region of Iraq (KRI).
Hamid Jafar, Chairman of the Board of Directors, said:
“The Board’s dividend recommendation reflects Dana Gas’ disciplined execution during a milestone year for the Company and its resilience under the current circumstances. The successful delivery of KM250 has marked a step change in our production capacity and underpins future revenue growth.
At the same time, disciplined capital allocation and improved collections have reinforced our balance sheet and we remain focused on continued resilience and sustainable shareholder returns.”
The Board’s recommendation will be subject to shareholder approval at the Company’s upcoming Annual General Assembly Meeting on 21 April 2026.
—Ends—
About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of approximately 52 Kboepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations
Highlights – FY 2025
Sharjah, UAE; 6 February 2025: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced its un-audited preliminary financial results for the full year ended 31 December 2025.
The Company reported Net Profit for the full year 2025 of AED 476 million ($130m) as compared to AED 553 million ($151m) in FY 2024.
Revenue for the full year 2025 was AED 1.28 billion ($348m) compared with FY 2024, which included a one-off $46 million uplift arising from the higher gas price agreed under the Concession Consolidation Agreement. Excluding this one-time adjustment, the like-for-like decline in full year 2025 reflects lower production in Egypt due to natural field declines and a softer realized price environment, with average Brent prices of $69 per barrel in 2025 compared to $81 per barrel in 2024.
2025 marked a major operational milestone for Dana Gas, with the long-anticipated completion of the KM250 gas expansion project at Khor Mor in October 2025, alongside continued execution of the Company’s investment programme in Egypt. These efforts drove a significant increase in group production, with output reaching 70,000 barrels of oil equivalent per day (boepd) in January 2026, post-period, the highest level since 2018.
Following the completion of KM250, gas production capacity at Khor Mor has increased to 750 MMscf/d, with current output having reached levels of over 700 MMscf/d during peak demand periods. Actual production volumes continue to reflect seasonal demand patterns until the commissioning of the Khor Mor common-user pipeline, expected in the second half of 2026, which will enable sustained operations at full capacity.
On a group basis, production is expected to increase up to 75,000 boepd once the pipeline is operational, reflecting higher utilisation across gas, condensate, and LPG output. When operating at full capacity, the KM250 expansion is expected to boost the Company’s annual revenue by over 35%, with financial impact beginning from the first quarter of 2026 and building throughout the year.
Richard Hall, CEO of Dana Gas, commented:
“2025 was a huge year for Dana Gas. We delivered on priorities that had been outstanding for some time, most notably bringing the long-awaited KM250 expansion project over the line and into operation. That achievement alone marks a positive pivotal momentum for the Company and reflects the hands-on, execution-focused approach we took throughout the year.
“At the same time, we made real progress in Egypt. We restarted investment under improved fiscal terms, drilled new wells, made discoveries, and began to stabilise production in assets that had been in natural decline. This was about putting Egypt back on a growth footing, and we are encouraged by the results to date.
“Looking ahead, we are enthusiastic about Chemchemal as our next medium-term growth driver and with gas sales agreements in place, the project is well positioned to progress toward execution.
“Taken together, 2025 was a year of delivery, and 2026 will be a year of realisation as new production comes fully on stream. This strengthening of production profile, combined with structural demand for gas in both our core markets, gives us clear visibility on growth and cash generation. This will allow the Company’s board of directors to consider a recommendation for a dividend at their next meeting in March.”
Kurdistan Region of Iraq
In the KRI, Dana Gas and its partners successfully completed and commissioned the KM250 gas expansion project at Khor Mor in October 2025, eight months ahead of the revised schedule. The project added 250 MMscf/d of new gas processing capacity, increasing total installed capacity at the facility by 50% to 750 MMscf/d.
In January 2026, gas production at Khor Mor was ramped up to over 700 MMscf/d, contributing an additional 15,000 boepd to the Company’s net production in the KRI. Production continues to increase through a phased ramp-up as infrastructure comes fully online.
Looking ahead, the Company’s next phase of growth in the KRI centers on the Chemchemal field. During 2025, Pearl Petroleum committed $160 million to appraisal and early development, and in January 2026 signed long-term gas sales agreements to supply up to 142 MMscf/d to six industrial customers in the KRI.
Egypt
In Egypt, Dana Gas continued to execute its $100 million investment programme under the Consolidated Concession Agreement signed in late 2024. During FY 2025, the Company drilled four wells and completed a workover programme across three additional wells, adding approximately 30 MMscf/d of new production and 36 Bcf of reserves.
Average production in Egypt declined during the year due to natural field declines, consistent with the characteristics of mature Nile Delta reservoirs. However, the successful drilling and recompletion activities carried out during the year, together with further planned wells in 2026, are expected to stabilise production and restore growth over time. Dana Gas plans to drill a further seven wells in Egypt during 2026 under the programme, with the first of these, the Daffodil exploration well, spudded in January 2026.
In December 2025, the Company received a AED 183 million ($50m) payment from the Egyptian Government, significantly reducing overdue receivables. The payment supports the ongoing drilling programme under the Consolidated Concession Agreement and reinforces the improved fiscal framework underpinning renewed upstream investment in Egypt.
Operations & Production
Group production for FY 2025 averaged 53,500 barrels of oil equivalent per day, compared to 56,500 boepd in FY 2024. KRI production averaged 40,900 boepd, an increase of 2%, supported by consistent demand from local power generation and driven by higher gas output from the Khor Mor field.
In Egypt, production declined by 23% to 12,600 boepd from 16,450 boepd in FY 2024, primarily due to natural field declines. The investment programme is expected to reverse the current decline and restore growth in 2026.
Liquidity
As of 31 December 2025, Dana Gas’s consolidated cash balance stood at AED 788 million ($215m), including AED 392 million ($107m) held at the Pearl Petroleum level.
Total collections during FY 2025 amounted to AED 1.1 billion ($303m), reflecting continued engagement with host governments and improved payment mechanisms. This comprised AED 748 million ($204m) from the KRI and AED 363 million ($99m) from Egypt. Receivables stood at AED 139 million ($38m) in Egypt and AED 293 million ($80m) in the KRI.
The Company maintained a disciplined approach to capital allocation and cost control during the year, preserving balance sheet strength while funding growth investments across its core assets.
—Ends—
About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of 52,000 boepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations
Dana Gas and Crescent Petroleum Sign Gas Sales Agreements to Supply 142 MMscf/d from Chemchemal Field
Sharjah, UAE; 26 January 2026 — Dana Gas PJSC, the Middle East’s leading publicly listed regional natural gas company, and Crescent Petroleum, the oldest private oil & gas company in the Middle East, together with their partners in the Pearl Petroleum Consortium have announced a series of long-term Gas Sales Agreements (GSAs) to supply substantial volumes of clean-burning natural gas from the Chemchemal field to major industrial consumers in the Kurdistan Region of Iraq (KRI).
Under the agreements, industrial customers in cement and steel will collectively purchase up to 142 million standard cubic feet per day (MMscf/d) of gas for a period of 10 years, beginning in the second half of 2027 when production from the Chemchemal field is scheduled to commence. The Chemchemal field, is currently under development and new pipelines are to be built by private-sector companies to supply gas to industrial users in Erbil and Bazian, including a dedicated 40-kilometer pipeline linking the Chemchemal field directly to industrial consumers in the Bazian area.
The GSAs were signed with Mass Cement, Bazian Cement, Delta Cement, Gasin Cement, and Sulaimani Cement, all located in the Bazian industrial area of Sulaymaniyah province, as well as with Van Steel Company in Erbil governorate in the KRI.
In early 2025, the Pearl Petroleum partners announced commencement of activities to appraise the Chemchemal Cretaceous reservoir and initiate production from the field. Building on the immense potential of the Chemchemal field the partners have committed US$160 million to drill three wells, install an extended well test (EWT) facility, and construct associated enabling infrastructure to support a subsequent full-field development phase to expand gas supply to additional users.
Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, said:
“These agreements mark a significant milestone in the development of the KRI’s energy infrastructure, delivering considerable supplies of clean burning natural gas to empower growth in the region’s industry and help displace the use of dirtier, more expensive heavy fuel oils. The milestone underscores the exciting new chapter for the Pearl Petroleum consortium, combining the recent completion of the KM-250 expansion project in October 2025, the appraisal and development of the Chemchemal Field, and other development plans that will considerably enhance the energy sector and economy of the Kurdistan Region and the rest of Iraq.”
Richard Hall, Chief Executive Officer, Dana Gas, said: “This agreement supports the growing energy needs of the Kurdistan Region of Iraq and strengthens the role of natural gas as a fuel source for its industrial base. By supplying competitive, lower-emission gas to the Bazian industrial corridor, we are helping replace polluting heavy fuel oil, reduce emissions and improve energy efficiency for key industries.”
“Beyond energy supply, this agreement supports industrial growth, local employment and long-term economic activity in the communities surrounding the Bazian corridor.”
In early October 2025, Dana Gas and Crescent Petroleum successfully completed the Khor Mor 250 (KM250) gas expansion project in the KRI, eight months ahead of the revised schedule. This added 250 MMscf/d of new gas processing capacity, alongside additional daily LPG and condensate output of 460 MTPD and 7,000 bbl, increasing total gas processing capacity to 750 MMscf/d, a 50% rise.
The Khor Mor gas plant provides the fuel for more than 80% of the KRI’s electricity generation, enabling affordable power for more than 6 million Iraqis in the KRI and other governorates of Iraq. With total investment to date exceeding US$3.5 billion, the operations have created more than 20,000 direct and indirect jobs in the region. That impact is projected to grow dramatically in coming years with the increased capacity and new projects.
–END–
About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of 52,000 boepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations and Corporate Communications
About Crescent Petroleum
Crescent Petroleum is the first and largest private exploration and production company in the Middle East, with over 50 years of experience as an international operator in numerous countries including Egypt, Yemen, Canada, Tunisia, and Argentina, in addition to its continuing operations in the United Arab Emirates and Iraq.
Headquartered in the UAE, Crescent Petroleum has international offices in the UK and three locations across Iraq. Crescent Petroleum is also the largest shareholder in Dana Gas, the Middle East’s first and largest regional private-sector natural gas company.
Contact:
Hassan M. Fattah
+971-06-507-0226
Sharjah, UAE; 19 January 2026: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced its group production reached 70,000 barrels of oil equivalent per day (boepd) and has been sustained at that level throughout January. This represents a significant increase compared to the Company’s FY 2025 average production of 53,500 boepd across its principal operations in the Kurdistan Region of Iraq (KRI) and Egypt and is the highest production for the Company since 2018. This increase will benefit the company’s revenues and profitability starting from the first quarter of this year.
Production Increase
In the KRI, Dana Gas and its partners successfully completed the Khor Mor 250 (KM250) gas expansion project in October, eight months ahead of the revised schedule. The project added 250 MMscf/d of new gas processing capacity, alongside additional daily LPG and condensate output of 460 MTPD and 7,000 bbl, increasing daily production capacity to 750 MMscf of gas, 22,000 bbl of condensate and 1500 tons of LPG. In December Khor Mor gas production was ramped up from 500 MMscf/d to 700 MMscf/d adding an additional 15,000 boepd to the Company’s net production in the KRI.
Production at Khor Mor is being increased through a phased ramp-up as the Company progresses toward completion of the new pipeline, scheduled for the start of the third quarter 2026. Once operational, the pipeline is expected to enable the addition of a further 5,000 boepd, taking total group production beyond the 75,000 boepd level.
In Egypt, the Company drilled four wells and completed a workover programme across three additional wells during 2025. These activities resulted in an incremental production increase of 27 MMscf/d by year-end, alongside a material uplift in reserves. The Company plans to drill seven further wells in 2026, under the programme, with the next well – Daffodil– expected to spud in January. Additional assessments are also underway to identify additional rework candidates for 2026.
Richard Hall, CEO, Dana Gas, said: “Reaching a sustained 70,000 boepd represents an important operational milestone for the Company. This reflects disciplined execution across our portfolio, particularly the early delivery of the KM250 expansion in the KRI. It will also have a positive impact on our profitability starting with the first quarter financial results.
As production continues to ramp up in line with infrastructure availability, we expect group output to exceed 75,000 boepd once the new pipeline is completed in the second half of the year.”
–END–
About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of 55,000 boepd in 2024. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations and Corporate Communications
Sharjah, UAE; 5 January 2026: Dana Gas PJSC (the “Company”), the Middle East’s largest regional private sector natural gas company, today announced that it has received a $50 million (AED 184 million) payment from the Egyptian Government, significantly reducing overdue receivables.
The payment supports the Company’s ongoing drilling programme under the Consolidation Agreement with the Egyptian Government, which was formally signed in December 2024. The agreement consolidated Dana Gas’s concessions in Egypt and provided improved fiscal terms to support new upstream investment, while also including additional acreage designated for exploration drilling.
Since the programme commenced, Dana Gas has drilled four wells, including the recent North El-Basant 1 discovery, which is estimated to hold 15 bcf of recoverable gas. These wells successfully added 18 mmscfd of production and a material increase in reserves. The Company plans to drill seven further wells under the programme in 2026, with the next – the Daffodil exploration well – expected to spud in January.
In parallel, Dana Gas has completed a workover programme across three wells, adding an additional 9 mmscfd of production. Further assessments are underway to identify additional workover candidates for 2026.
Richard Hall, CEO, Dana Gas, said: “We are grateful to the Ministry of Petroleum and Mineral Resources, the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding Company for their continued support. This latest payment, which will help fund our investment programme in Egypt, acknowledges the importance of timely payments to ensuring the successful delivery of our drilling programme.
Thanks to the robust support provided by the Egyptian government, our investment program is already yielding positive outcomes. We have successfully brought new gas production online, and additional wells are scheduled to follow. The programme not only enhances Dana Gas’s upstream position in Egypt, it also contributes directly to the national economy by supporting domestic gas supply and reducing the need for imports. With the right support in place, we’re well positioned to deliver the next phases of the programme and continue strengthening Egypt’s role as a regional gas hub.”
Dana Gas plans to deliver its 11-well investment programme in 2026, contributing over $1 billion in economic savings by displacing imported LNG and mazut with domestic production.
–END–
About Dana Gas
Dana Gas is the Middle East’s first and largest regional private sector natural gas Company established in December 2005 with a public listing on the Abu Dhabi Securities Exchange (ADX). It has exploration and production assets in Egypt, Kurdistan Region of Iraq (KRI) and UAE, with 2P reserves exceeding one billion boe and average production of 52,000 boepd in 2025. With sizeable assets in KRI and Egypt, and further plans for expansion, Dana Gas is playing an important role in the rapidly growing natural gas sector of the Middle East, North Africa and South Asia (MENASA) region. Visit: www.danagas.com
Communication & Investor Relations Contact
Mohammed Mubaideen
Head of Investor Relations and Corporate Communications