par ROK Resources Inc. (CVE:ROK)
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 | ||||||||||||
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 | < | ||||||||||||||