Bonterra Energy Corp. Announces Second Quarter 2025 Financial Results and Operations Update

Calgary, AB, Aug. 14, 2025 — Bonterra Energy Corp. (TSX: BNE), an oil and gas exploration company operating in the Western Canadian Sedimentary Basin, has released its financial and operational results for the second quarter of 2025. The company’s core operations span across Alberta, Saskatchewan, and British Columbia.

Financial Highlights

For the three months ended June 30, 2025, Bonterra reported realized oil and gas sales revenue of CAD 64.2 million, a decrease from CAD 72.5 million in the same period of 2024. The funds flow for the quarter stood at CAD 23.1 million, compared to CAD 31.4 million in the previous year. Basic earnings per share were reported at CAD 0.63, down from CAD 0.84 in the second quarter of 2024, while diluted earnings per share were CAD 0.62, also down from CAD 0.84.

Over the six months ended June 30, 2025, the company’s realized oil and gas sales revenue was CAD 134.9 million, slightly lower than CAD 141.1 million in the same period of 2024. Funds flow for the first half of 2025 was CAD 50.7 million, compared to CAD 58.5 million in 2024. Basic and diluted earnings per share were CAD 1.37 and CAD 1.35, respectively, compared to CAD 1.57 in both categories for the first half of 2024.

Operational Highlights

Bonterra achieved record production levels in the second quarter of 2025 and successfully reduced its net debt. The company also raised its production guidance, reflecting a positive outlook for future operations. Cash flow from operations for the quarter was CAD 29.9 million, slightly down from CAD 33.2 million in the same period of 2024. For the first half of 2025, cash flow from operations was CAD 59.6 million, compared to CAD 54.8 million in 2024.

Financial Position

As of June 30, 2025, Bonterra’s total assets were valued at CAD 949.2 million, a decrease from CAD 984.1 million as of June 30, 2024. The company reported net debt of CAD 138.1 million, with capital expenditures for the quarter amounting to CAD 6.4 million, down significantly from CAD 21.6 million in the same period of 2024. Over the first half of 2025, capital expenditures totaled CAD 38.8 million, compared to CAD 54.5 million in 2024.

Availability of Financial Statements

The unaudited condensed financial statements and notes for the second quarter, along with management’s discussion and analysis (“MD&A”), are available on SEDAR+ at www.sedarplus.ca and on Bonterra’s website at www.bonterraenergy.com .

Bonterra Energy Corp. continues to focus on optimizing its operations and financial performance in the competitive energy sector.