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News Réglementées
24/04/2026 13:00

ROK Resources Files 2025 Financial Results and Management Discussion & Analysis

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

REGINA, SK / ACCESS Newswire / April 24, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) announces the Company has filed its Annual Financial Results and Management Discussion & Analysis for the year ended December 31st, 2025.

2025 Financial and Operating Highlights

  • Working Capital Surplus: Adjusted Net Surplus of $4.5 million, as compared to $10.6 million of Adjusted Net Debt at previous year-end;

  • Realized Commodity Hedge Gains: Realized net hedge gains on commodity contracts of $7.2 million with the Company currently ~90% unhedged and exposed to spot pricing;

  • Strong Base Production: Daily average production of 3,591 boepd (66% liquids) despite limited operational activity;

  • Executed NCIB: Repurchased and cancelled a total of 2,005,500 common shares at an average price of $0.192 per share; and

  • Funds from Operations: Funds from Operations of $27.4 million in line with forecast.

Financial (expressed in $000s except where stated)

Q4 2025

Q4 2024

Year 2025

Year 2024

Net loss

(10,329

)

(5,146

)

(10,795

)

(636

)

Basic ($/share)

(0.05

)

(0.02

)

(0.05

)

(0.00

)

Diluted ($/share)

(0.05

)

(0.02

)

(0.05

)

(0.00

)

Funds flow

1,734

5,601

20,394

22,393

Basic ($/share)

0.01

0.03

0.09

0.10

Diluted ($/share)

0.01

0.03

0.09

0.10

Expenditures on property, plant and equipment

72

7,334

5,012

17,387

Operating (expressed in $000s except where stated)

Q4 2025

Q4 2024

Year 2025

Year 2024

Oil and Natural Gas Sales

14,417

21,168

68,175

85,190

Royalties

(2,267

)

(3,570

)

(11,275

)

(14,972

)

Operating Expenses

(8,937

)

(10,326

)

(38,458

)

(44,306

)

Operating Income

3,213

7,272

18,442

25,912

Processing and other income (1)

420

768

1,711

2,856

Realized gain on commodity contracts

197

862

7,230

2,676

Funds from Operations

3,830

8,902

27,383

31,444

Average daily production

Crude oil (bbl/d)

1,828

2,215

1,987

2,211

NGLs (boe/d)

333

430

366

411

Natural gas (mcf/d)

6,761

8,038

7,424

8,220

Total (boe/d)

3,288

3,985

3,591

3,992

Operating Netback per boe

Oil and Natural Gas Sales

47.67

57.74

52.02

58.30

Royalties

(7.50

)

(9.74

)

(8.60

)

(10.25

)

Operating Expenses

(29.55

)

(28.17

)

(29.34

)

(30.32

)

Operating Netbacks ($/boe)

10.62

19.83

14.08

17.73

Funds from Operations ($/boe)

12.66

24.28

20.89

21.52

Operating Income Profit Margin

22.3

%

34.3

%

27.1

%

30.4

%

Funds from Operations Profit Margin

26.6

%

42.1

%

40.2

%

36.9

%


Share information

Q4 2025

Q4 2024

Year 2025

Year 2024

Common shares outstanding, end of period

217,763,815

219,769,315

217,763,815

219,769,315

Weighted average basic shares outstanding

217,763,815

218,928,011

218,964,405

218,546,943

Weighted average diluted shares outstanding

217,934,725

218,928,011

219,023,929

218,726,318


  1. Refer to "Non-IFRS Measures" section below for details regarding adjustments to processing and other income for purposes of calculating "Funds from Operations".

The Company has also filed its annual oil and gas disclosure documents, including the statements and reports required under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities. All filings will be made available on SEDAR+ at www.sedarplus.ca and on the Company website www.rokresources.ca.

Normal Course Issuer Bid Renewal

The Company intends to renew its normal course issuer bid ("NCIB") which allows for the cancellation of up to 10% of its outstanding Public Float (as such term is defined in the policies of the TSX Venture Exchange) during a one-year period from the date of acceptance of the NCIB from the TSX Venture Exchange ("TSXV"). The existing NCIB expires June 9th, 2026.

About ROK

ROK is primarily engaged in petroleum and natural gas exploration and development activities in Alberta and Saskatchewan. It has offices located in both Regina, Saskatchewan, Canada and Calgary, Alberta, Canada. ROK's common shares are traded on the TSX Venture Exchange under the trading symbol "ROK".

For further information, please contact:

Bryden Wright, President and Chief Executive Officer
Jared Lukomski, Senior Vice President, Land & Business Development
Phone: (306) 522-0011
Email: investor@rokresources.ca
Website: www.rokresources.ca

Non-IFRS Measures

The non-IFRS measures referred to above do not have any standardized meaning prescribed by IFRS Accounting Standards ("IFRS") and, therefore, may not be comparable to similar measures used by other companies. Management uses this non-IFRS measurement to provide its shareholders and investors with a measurement of the Company's financial performance and are not intended to represent operating profits nor should they be viewed as an alternative to cash provided by operating activities, net income or other measures of financial performance calculated in accordance with IFRS. The reader is cautioned that these amounts may not be directly comparable to measures for other companies where similar terminology is used.

"Operating Income" is calculated by deducting royalties and operating expense from total sales revenue. Total sales revenue is comprised of oil and gas sales. The Company refers to Operating Income expressed per unit of production as an "Operating Netback". "Operating Income Profit Margin" is calculated by the Company as Operating Income as a percentage of oil and natural gas sales. "Funds from Operations" is calculated by adding other income and realized gains/losses on commodity contracts ("hedging") to Operating Income. "Funds from Operations Profit Margin" is calculated by the Company as Funds from Operations as a percentage of oil and natural gas sales.

The following table reconciles the aforementioned non-IFRS measures:

($000s)

Q4 2025

Q4 2024

Year 2025

Year 2024

Oil and natural gas sales

14,417

21,168

68,175

85,190

Royalties

(2,267

)

(3,570

)

(11,275

)

(14,972

)

Operating expenses

(8,937

)

(10,326

)

(38,458

)

(44,306

)

Operating Income

3,213

7,272

18,442

25,912

Processing and other income (1)(2)

420

768

1,711

2,856

Realized gain on commodity contracts

197

862

7,230

2,676

Funds from Operations

3,830

8,902

27,383

31,444


Sales volume (boe)

302,471

366,598

1,310,587

1,461,250


Per boe

Oil and natural gas sales

47.67

57.74

52.02

58.30

Royalties

(7.50

)

(9.74

)

(8.60

)

(10.25

)

Operating expenses

(29.55

)

(28.17

)

(29.34

)

(30.32

)

Operating Netback

10.62

19.83

14.08

17.73

Funds from Operations

12.66

<

Source : Webdisclosure.com

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