Meren Energy CFO on $25M dividend and debt reduction – ICYMI
Last updated: 13:00 16 Aug 2025 EDT, First published: 12:47 16 Aug 2025 EDT
Meren Energy Inc (TSX:MER, OTC:AOIFF) earlier this week reported its second-quarter results, highlighting continued execution of its shareholder return policy. The company paid a dividend of US$25 million and announced a third consecutive quarterly payment of the same amount.
CFO Aldo Perracini told Proactive that this reflects the company’s ability to deliver on commitments despite a volatile commodity pricing environment.
Proactive: You just came out with your second-quarter results. What were the key takeaways for the quarter?
Aldo Perracini: The key takeaways for the second quarter are the continuous delivery of our shareholder return policy, where we paid another US$25 million. We have also announced the third US$25 million payment and delivered on deleveraging our balance sheet.
So, as you mentioned, you've announced your third consecutive quarterly dividend of US$25 million. What should the market read into this?
I think the market should read that we are in a very strong position to deliver the promises we have made and the returns, even when navigating through a very volatile commodity pricing environment, as we are currently in.
And why is the company proactively paying down its debt?
First, because we can — we have the cash. Second, because it reduces our interest expenses. We are already in a strong balance sheet position.
Looking through the results, it looks like there’s plenty of excitement to come in the second half and into 2026 — further drilling, progress towards the Venus final investment decision in Namibia, possible high-impact drilling in South Africa, and a formal process in Equatorial Guinea.
There’s a lot to deliver in the second half. We are very confident that we are going to keep delivering on our promises. We are looking forward to this exciting period.
Quotes have been lightly edited for style and clarity
