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Orca Energy reports 2025 net income of $8.8M, settles TANESCO debt, and plans to sell Tanzanian business.

Company Fundamentals
29 May 2026
GlobeNewsWire
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Neutral
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Orca Energy Group Inc. announced its 2025 audited financial results, reporting a net income of $8.8 million compared to a loss in 2024, driven by the full repayment of a significant TANESCO debt and reversal of loss allowances. Revenue declined due to changes in revenue sharing and lower gas prices, but gas deliveries increased slightly. The company faces ongoing legal disputes with the Tanzanian government and partners, including arbitration proceedings related to breaches of agreements. In April 2026, Orca agreed to sell its Tanzanian business subsidiary PAEM to Taifa Gas Tanzania and Amber Energy, subject to regulatory and shareholder approvals. The company remains focused on managing capital prudently amid a complex operating environment in Tanzania.

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