Savannah Energy Achieves 12% Increase In Cash Collection

Savannah Energy Plc, has reported a 12 per cent increase in cash collections from its Nigerian operations, reaching $278 million for the year ended December 31, 2025.

This growth is attributed to the company’s strategic efforts to enhance its financial performance and expand its operations in Africa.

For full year 2025, gross production in Nigeria averaged 18.8 Kboepd, with gas accounting for 83 per cent of this total, a slight dip from 88 per cent in full year 2024.

Following the successful completion of the SIPEC Acquisition in March 2025, Savannah initiated an 18-month expansion programme, leading to a notable increase in Stubb Creek’s average gross daily production to 3.0 Kbopd, which represents approximately a 13 per cent improvement over the previous year.

The report indicated that cash collections in Nigeria have surged by over 12 per cent, reaching $278.0 million compared to $248.5 million in the prior year.

This upward trend appears to be continuing into 2026, with cash collections in January 2026 amounting to over $64.4 million, a significant increase from $20.4 million in January 2024.

Savannah’s total revenues for 2025 stood at $235.0 million, down from $258.9 million in 2024. However, as of December 31, 2025, the company reported cash balances of $39.5 million, up from $32.6 million the previous year.

Net debt increased slightly to $655.9 million from $636.9 million in 2024, while gross debt totaled $698.4 million at year-end 2025, with only $39.0 million recourse to the company.

The trade receivables balance improved to $507.2 million, a six per cent enhancement from $538.9 million at the end of 2024.

Savannah has also made substantial progress in refinancing its debt facilities. Following the previously announced increase in the Accugas debt facility from N340 billion to approximately N772 billion, the remaining principal balance under the $ Facility is now approximately $2 million, which has been repaid in early 2026.

On the renewable energy front, Savannah has repositioned its power sector business model in 2025 to focus on operating asset opportunities in both thermal and renewable energy sectors.

The company aims to complete the acquisition of indirect interests in three East African hydropower projects by H1 2026, including the 255 MW Bujagali power plant, backed by a solid 13-year operating record, along with two advanced-stage development projects. This strategic move marks Savannah’s potential expansion into five new countries: Uganda, Burundi, the Democratic Republic of the Congo, Malawi, and Rwanda.

The CEO of Savannah Energy, Andrew Knott said, “2025 was a year of significant execution for Savannah, with commendable progress achieved across our nine focus areas.

“In Nigeria, our cash collections rose by 12 per cent year-on-year, a trend we aspire to maintain into 2026. Our Hydrocarbons Division benefited from the SIPEC acquisition in March, facilitating a substantial increase in production at Stubb Creek. At Uquo, we successfully delivered the new compression system under budget and advanced site construction ahead of schedule for the upcoming Uquo NE well.

“Additionally, we announced a 21 per cent upgrade in our 2P Reserves at the Uquo gas field, reflecting our ongoing commitment to growth and efficiency.”