Highlights

  • EnQuest reported H1 FY25 revenue declining 6.3% year-on-year to USD 549.12 million
  • Gross profit for H1 fell 31.5% YoY to USD 160.18 million, reflecting lower earnings versus the prior corresponding period
  • EnQuest recorded a loss of USD 173.50 million for H1FY25, compared with a profit of USD 30.34 million in H1FY24
  • In its December 2025 trading update, the company said it expects to meet all 2025 guidance and highlighted progress across operations.

Enquest Plc (LSE:ENQ) is an independent energy producer listed on the FTSE All-Share, operating in the UK North Sea and Malaysia. The company focuses on mature and underdeveloped fields in these regions.

For the first half of fiscal year 2025, ended 30 June 2025 (H1FY25), the company reported a decline in financial performance compared with the prior year period. Revenue fell to USD 549.12 million from USD 586.02 million, representing a year-on-year decrease of 6.3%, while gross profit declined 31.5% to USD 160.18 million. The company recorded a loss of USD 173.50 million for the period, compared with a profit of USD 30.34 million in H1 FY24, reflecting lower earnings over the period.

Recent Business Update

In a trading update released on 17 December 2025, EnQuest said it expects to meet all 2025 guidance and highlighted progress across its operations. The company reported the accelerated delivery of Seligi 1B gas, achieved nine months ahead of schedule. It also pointed to geographic diversification and the establishment of a new USD 800 million reserve-based lending facility as factors supporting its growth and operational platform.

Company Outlook

The company stated that it remains on track to deliver its full-year production guidance of 40,000–45,000 barrels of oil equivalent per day, with the inclusion of Vietnam assets supporting portfolio resilience amid unexpected operational challenges in the UK. The company highlighted continued capital discipline, with operating, capital and decommissioning expenditure unchanged from original guidance. It also noted that its forward-looking hedging programme has secured prices for a significant portion of 2025 and 2026 production, supporting cash flow predictability and reducing exposure to oil price volatility.

Top 10 Shareholders

The top 10 shareholders collectively hold about 57.16% of the company. Bseisu (Amjad) and Aberforth Partners LLP own the largest stakes at approximately 12.42% and 11.00%, respectively.

Stock Information

The stock price of ENQ has moved up by ~8.72% in the past week and up over the last three months by ~10.21%. The stock has a 52-week high and 52-week low of GBX 16.60 and GBX 9.72, respectively. It is currently trading below the average of the 52-week high-low level.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 14 January 2026. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.