Invictus Energy reports FY25 loss, secures $37.8m strategic investment

Invictus Energy Limited reported a consolidated loss after tax of $4,966,815 for the financial year ended June 30, 2025, with basic loss per share at $0.30. Total net cash outflows from operating and investing activities amounted to $12,101,547. Despite this, the company saw an increase in total equity to $137,189,728 from $123,447,145 in the prior year, primarily driven by a capital raise of $18,857,717 from issuing 185,564,536 ordinary shares.

Post-reporting period, Invictus Energy secured a significant strategic investment. On August 27, 2025, Al Mansour Holdings agreed to acquire a 19.9% equity stake for $37.8 million, providing crucial funding for the Cabora Bassa works program. This agreement also includes up to $500 million in conditional future funding and the establishment of a joint venture for upstream oil and gas assets in Africa.

Operational highlights for FY25 included the definition of eight high-potential prospects in Cabora Bassa, totalling 2.9 Tcf gas and 184 MMbbl condensate, with a narrowed focus on the Musuma prospect for exploration drilling. The exploration licence for SG 4571 was extended for three years, and approvals for pilot production activities at the Cabora Bassa Project were granted.