Southern Energy Corp. Reports Year-End 2025 Financials

Southern Energy Corp. announced a 17% increase in quarterly petroleum and natural gas sales to $4.6 million, while annual sales grew 12% to $18 million in 2025. Despite growth, a voluntary production halt led to a 14% production decrease in Q4.

The company completed a significant financing involving $22 million, issuing new debentures and common shares. These funds helped fully repay the senior credit facility, reducing annual interest from 15% to 7%.

Net losses were $3.7 million for Q4 and $7.5 million for the year, contrasted by a net debt reduction of $4.1 million. Production decreases stemmed from a pipeline dispute affecting output.

Reserves showed a slight decline in developed assets but maintained a 9-year life index for proved-plus-probable reserves, suggesting stable long-term prospects.