KOS Kosmos Energy Ltd.

Overview and Growth

In fiscal 2025, Kosmos Energy Ltd. recorded $1.29B of revenue, net loss of $699.79M, and an operating cash inflow of $134.01M. Revenue of $1.29B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 23.1% from $1.68B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$1.47, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $0.40 in fiscal 2024, the current result was 467.5% lower. A diluted share base of 477.59M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 0.2% higher than fiscal 2024, when diluted shares averaged 476.69M, adding context to the EPS comparison. Total assets stood at $4.70B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.27x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The company ended the period with a net loss of $699.79M, extending the operating result through all remaining items. The net loss equaled 54.3% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $634.58M, before the effect of income taxes. The pretax loss equaled 49.3% of revenue, measuring the pre-tax deficit against sales. The reported income-tax provision was $65.20M, the amount recognized between pretax income and the final net-income result. Relative to period-end equity, the net loss represented 132.4%. Relative to total assets, the net loss represented 14.9%. The bottom line deteriorated from $189.85M of income in fiscal 2024 to a $699.79M loss.

Liquidity and Capital Structure

At period end, the $4.70B asset base was financed through $4.17B of liabilities and $528.59M of equity. The near-term balance sheet paired $427.87M of current assets with $572.31M of current liabilities at the reporting date. The current ratio was 0.75x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $91.52M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 16.0% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $3.05B of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 5.78x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 65.0% of total assets, placing borrowing in the context of the company’s full resource base. The equity-to-assets relationship was 11.3%, placing book capital against the total resource base. Liabilities represented 88.7% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 1.9%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 11.5% from $5.31B in fiscal 2024, leaving current total assets lower year over year. Against $1.20B of equity in fiscal 2024, the current book-equity balance moved 56.0% and ended lower. Compared with $84.97M in fiscal 2024, the current cash balance moved 7.7% and finished higher.

Cash Flow and Earnings Quality

Cash flow from operations was $134.01M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow of $134.01M finished below fiscal 2024 operating cash flow of $678.25M, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.