GeoPark Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data GeoPark Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	193	330	601	629	394	689	1,050	757	661	493
General and administrative	34.2	42.1	52.1	60.8	50.3	46.8	50	44	49.5	40.5
Operating income	-28.6	79	256	211	-111	186	429	271	274	111
Interest expense	36.2	53.5	39.3	41.1	64.6	64.1	57.1	45.8	51.6	76.3
Interest income	2.13	2.02	3.06	2.36	3.17	1.65	3.18	6.24	8.02	21.7
Pre-tax income	-48.8	25.3	209	170	-185	128	395	215	242	48.7
Income tax	11.8	43.1	106	112	47.9	67.3	170	103	146	-1.02
Net income to minority interests	-11.6	6.39	30.3
Net income	-49.1	-24.2	72.4	57.8	-233	61.1	224	111	96.4	49.7
EPS, basic	-0.82	-0.40	1.19	0.96	-3.84	1.00	3.78	1.95	1.84	0.96
EPS, diluted	-0.82	-0.40	1.11	0.92	-3.84	0.99	3.75	1.94	1.81	0.95

Balance sheet

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	73.6	135	128	111	202	101	129	133	277	100
Inventory	3.52	5.74	9.31	11.4	13.3	10.9	14.4	13.6	10.6	12.4
Total current assets	121	215	260	226	292	233	238	270	430	220
Property, plant and equipment	474	517	557	568	615	614	667	687	740	776
Lease right-of-use assets			0	13.5	21.4	21	37	28.5	24.5	20.5
Total assets	641	786	863	852	960	896	974	1,017	1,200	1,040
Accounts payable	52	96.4	131	131	100	128	142	138	280	111
Short-term debt	39.3	7.66	18	17.3	17.7	17.9	12.5	12.5	22.3	18.5
Total current liabilities	99.5	166	218	215	197	204	229	231	369	137
Lease liabilities			0	5.8	11.5	12.5	22.1	23.4	17.3	18.9
Total liabilities	499	659	720	719	1,069	958	858	841	997	795
Total debt	359	426	447	437	785	674	498	501	514	554
Paid-in capital	236	239	238	174	179	169	135	111	73.8	79.7
Retained earnings	-260	-284	-207	-153	-381	-315	-81.1	29.5	126	150
Shareholders' equity	106	84.9	143	133
Minority interests	35.8	41.9	0
Total equity	142	127	143	133	-109	-61.9	116	176	203	246
Total liabilities and equity	641	786	863	852	960	896	974	1,017	1,200	1,040

Cash flow statement

	FY2017	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-60.6	-17.8	103	57.8	-233	61.1	224	111	96.4	49.7
Cash from operations	82.9	142	256	235	169	217	467	301	471	14.7
Capital expenditures	-39.3	-106	-125	-126	-75.3	-129	-169	-199	-191	-98.4
Cash from investing	-39.3	-106	-165	-119	-348	-127	-154	-199	-227	-155
Debt issued	0.19	425	36	0	350	172	0	0	10.7	553
Debt repaid	-22.6	-355	-15.1	-9.79	-3.58	-275	-173	0	-0.73	-513
Share buybacks	-1.99	0	-1.8	-71.3	-4.01	-11.8	-36.3	-31.2	-43.7	0
Dividends paid		0	0	-2.44	-4.86	-7.22	-24.3	-29.7	-30	-24.2
Cash from financing	-51.1	24	-97.6	-132	271	-190	-287	-98.7	-99.2	-36.1
Exchange rate effect	-1.61	0.67	-1	-0.27	-1.48	-1.08	0.99	0.57	-1.22	0.48
Free cash flow	43.6	36.6	131	109	93.4	87.5	299	102	280	-83.7

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $11.20 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	22.4%	Operating income / revenue.
Pre-tax margin	9.9%	Pre-tax income / revenue.
Net margin	10.1%	Net income / revenue.
FCF margin	-17.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	3.0%	Cash from operations / revenue.
Effective tax rate	-2.1%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	4.4%	Net income / average total assets.
Capex / revenue	20.0%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-25.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-22.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	4.6%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-59.6%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-36.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	-48.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-39.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	-47.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-36.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-96.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-68.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-38.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-129.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y	-13.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	1.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.60x	Current assets / current liabilities.
Quick ratio	0.73x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.73x	(Cash + short-term investments) / current liabilities.
Debt / assets	53.2%	Total debt / total assets.
Liabilities / assets	76.4%	Total liabilities / total assets.
Net debt	$453.2M	Total debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage	1.45x	Operating income / interest expense.
Working capital	$82.5M	Current assets - current liabilities.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.44x	Revenue / average total assets.
Fixed asset turnover	0.65x	Revenue / average property, plant and equipment.
FCF conversion	-168.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	668.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.95	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.96	Net income per basic share, as reported (split-adjusted).
Payout ratio	48.7%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$726.8M	Share price x shares outstanding.
Enterprise value	$1.18B	Market cap + total debt - cash - short-term investments.
P/E	14.6x	Market cap / net income. Only when net income is positive.
P/S	1.48x	Market cap / revenue.
P/OCF	49.4x	Market cap / cash from operations, when positive.
EV/Sales	2.40x	Enterprise value / revenue.
EV/EBIT	10.7x	Enterprise value / operating income, when both are positive.
FCF yield	-11.5%	Free cash flow / market cap.
Earnings yield	6.8%	Net income / market cap (the inverse of P/E).
Dividend yield	3.3%	Dividends paid over the period / market cap.
Shareholder yield	3.3%	(Dividends paid + share buybacks) / market cap.

What was GeoPark Ltd's revenue in fiscal 2025?

GeoPark Ltd reported revenue of $492.5M for fiscal 2025, 25.5% lower than the year before.

Was GeoPark Ltd profitable in fiscal 2025?

Yes. Net income was $49.7M, a net margin of 10.1%.

How much free cash flow did GeoPark Ltd generate in fiscal 2025?

Cash from operations of $14.7M minus capital expenditures of $98.4M left free cash flow of -$83.7M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to GeoPark Ltd