Pharos Energy Plc. (SOCLF), a British energy company, on Thursday reported a decline in its annual revenue.
For the 12-month period to December 31, 2024, revenues declined to $134 million, from $168.1 million posted for the prior year.
Revenue from Vietnam stood at $115 million, while $19 million was from Egypt.
The Group's working interest production for 2024 was 5,801 barrels of oil equivalent per day or boepd.
Looking ahead to 2025, the Group expects working interest production of 5,000 boepd to 6,200 boepd.
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