v3.26.1
Consolidated statements of profit or loss and other comprehensive income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement [Line Items]      
Revenue from contracts with customers $ 2,474,197 $ 1,647,768 $ 1,168,774
Cost of sales:      
Operating costs (186,945) (116,526) (94,685)
Crude oil stock fluctuation 1,046 1,720 (2,058)
Royalties and others (345,349) (243,950) (176,813)
Depreciation, depletion and amortization (738,903) (437,699) (276,430)
Other non-cash costs related to the transfer of conventional assets (29,016) (33,570) (27,539)
Gross profit 1,175,030 817,743 591,249
Selling expenses (218,072) (140,334) (68,792)
General and administrative expenses (147,709) (108,954) (70,483)
Exploration expenses (578) (138) (16)
Other operating income 512,793 54,127 203,812
Other operating expenses (32,382) (1,261) 302
Impairment of long- lived assets (38,252) 4,207 (24,585)
Operating profit 1,250,830 625,390 631,487
Income (loss) from investments in associates (5,214) 0 0
Interest income 10,594 4,535 1,235
Interest expense (163,356) (62,499) (21,879)
Other financial income (expense) (88,183) 23,401 (65,484)
Financial income (expense), net (240,945) (34,563) (86,128)
Profit before income tax 1,004,671 590,827 545,359
Current income tax (expense) (241,657) (426,288) (16,393)
Deferred income tax (expense) benefit (43,951) 312,982 (132,011)
Income tax (expense) (285,608) (113,306) (148,404)
Profit for the year, net 719,063 477,521 396,955
Other comprehensive income that shall not be reclassified to profit (loss) in subsequent years      
- Profit (loss) from actuarial remeasurement related to employee benefits 36 (10,200) 6,565
- Deferred income tax (expense) benefit (13) 3,570 (2,298)
Other comprehensive income for the year 23 (6,630) 4,267
Total comprehensive profit for the year $ 719,086 $ 470,891 $ 401,222
Earnings per share      
Basic (in US Dollars per share) $ 7.015 $ 4.979 $ 4.237
Diluted (in US Dollars per share) $ 6.707 $ 4.633 $ 4