Shares in Kistos Holdings plc (LON: KIST) rose almost 5% on Tuesday morning, touching 350p, after the London-listed energy company published interim results for the six months to 30 June 2026 that showed a sharp rise in production, revenue and cash generation.
The stock climbed from a previous close of 329p to as high as 350p in early trading, extending a rally that has seen shares gain more than 20% over the past two weeks, according to price data. Trading volumes have also picked up markedly in recent sessions as investors positioned ahead of the results.
The results showed pro-forma EBITDA of approximately $205 million for the period, including a $51 million contribution from its newly acquired Blocks 3&4 and Block 9 assets in Oman.
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Actual production more than doubled year-on-year to 11,800 barrels of oil equivalent per day, while revenue rose to $211.9 million from $87.9 million in the same period last year. Adjusted net debt fell to $23 million from $86 million a year earlier.
Executive Chairman Andrew Austin said the company remained on track to meet full-year pro forma production guidance of 19,000 to 21,000 boepd, pointing to the sanctioning of the Balder Next New Wells project and a 120% reserves replacement ratio as key milestones.
The positive share price reaction suggests investors welcomed the combination of debt reduction, strong cash balances and progress integrating the Oman assets, even as Kistos flagged continued appetite for further M&A across its core geographies.
