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20 Aug 2025 07:01
20 August 2025
Ithaca Energy plc ("Ithaca Energy" or the "Group")
Announcement of 2025 Interim Dividend
Ithaca Energy is pleased to announce its first interim dividend for 2025 of $167 million, representing $0.1010 per ordinary share. The first interim dividend will be paid on 26 September 2025 to shareholders on the share register on 5 September 2025.
The dividend is payable in cash in Sterling to holders of the ordinary shares. Sterling dividends payable will be converted from US dollars at the average of the mid-point of the market exchange rate on 8 September, 9 September and 10 September 2025. Accordingly, the Group will confirm the foreign exchange rate and the amount of the Sterling dividend payable in pence per share on 11 September 2025.
Enquiries
Ithaca Energy | |
Kathryn Reid - Head of Investor Relations & External Affairs | kathryn.reid@ithacaenergy.com |
Camarco (PR Advisers to Ithaca Energy) | +44 (0)203 757 4980 |
Billy Clegg / Owen Roberts / Violet Wilson | ithacaenergy@apcoworldwide.com |
About Ithaca Energy plc
Ithaca Energy is a leading UK independent exploration and production company with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon three transformational acquisitions in recent years, including the recent Business Combination with Eni UK. Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the "UKCS"), ranking second largest independent by production with the largest resource base.
With stakes in six of the ten largest fields in the UKCS and two of UKCS's largest pre-development fields, and with energy security currently being a key focus of the UK Government, the Group believes it can utilise its significant reserves and operational capabilities to play a key role in delivering security of domestic energy supply from the UKCS.
Ithaca Energy serves today's needs for domestic energy through operating sustainably. The Group achieves this by harnessing Ithaca Energy's deep operational expertise and innovative minds to collectively challenge the norm, continually seeking better ways to meet evolving demands.
Ithaca Energy's commitment to delivering attractive and sustainable returns is supported by a well-defined emissions-reduction strategy with a target of achieving net zero ahead of targets set out in the North Sea Transition Deal.
Ithaca Energy plc was admitted to trading on the London Stock Exchange (LON: ITH) on 14 November 2022.
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