Kolibri Global Energy Net Income Rises to $12.5 Million
The energy company reported net cash from operating activities of $27.96 million for the six months ended June 30, 2026.
Kolibri Global Energy Inc. (KGEI), a North American energy company focused on oil and gas projects, reported net income of $12.497 million for the six months ended June 30, 2026. This followed a net income of $8.618 million during the same period in 2025.
Revenue for the six-month period rose to $42.112 million, compared to $27.486 million in the prior-year period. The company's production and operating expenses increased to $6.311 million from $3.965 million. Depletion, depreciation, and amortization expenses also rose, totaling $10.141 million compared to $7.579 million in 2025.
Cash flows from operating activities reached $27.961 million, up from $22.494 million in the previous year. The company utilized $23.034 million for investing activities, primarily driven by $23.542 million in additions to property, plant, and equipment.
Financing activities resulted in a net cash use of $6.089 million. This included $13.500 million in repayments of loans and borrowings, offset by $8.500 million in proceeds from new loans and borrowings. As of June 30, 2026, the company held $1.635 million in cash and cash equivalents, down from $3.132 million at the end of the same period in 2025.
On its balance sheet, Kolibri Global Energy reported total assets of $308.115 million. Non-current liabilities included $43.749 million in loans and borrowings, a decrease from the $48.757 million reported on December 31, 2025. Total equity and liabilities stood at $308.115 million.
Regarding its hedging strategy, the company held several outstanding financial commodity contracts at June 30, 2026. These included Oil-WTI costless collars for volumes of 48,300 barrels with a price range of $50.25 to $66.75 for the period between July 1 and September 30, 2026.
Looking forward, the company noted risks regarding its ability to maintain compliance with covenants under its reserve-based loan facility and the potential for borrowing base reductions. It also identified uncertainties related to securing regulatory approvals and financing for the continued development of the Tishomingo Field.