Sound Energy, the transition energy company, has announced its audited final results for the year ended 31 December 2025.
HIGHLIGHTS
Development of the Moroccan Tendrara Production Concession
- Phase 1 Micro LNG ('mLNG') project ('Phase 1'):
- Change of main contract for the mLNG project from vendor financing to a traditional Engineering, Procurement and Construction (EPC) contract
- The Operator, Mana Energy, on behalf of the consortium finalised approximately $25 million debt facility from a local bank to fund the above-mentioned change in contract. Sound's share of the facility is approximately $5 million
- Significant activities during 2025 included clean-up operations of wells TE-6 and TE-7, connecting the wells to the mLNG plant, delivery, installation and connection of mLNG plant processing packages (ongoing into 2026)
- Commencement of LNG sales expected Q3 2026
- Phase 2 Gas (pipeline) development ('Phase 2')
- The Operator commissioned an update of the Front-End Engineering & Design (FEED) study and selection of EPC contractor
Energy Transition Business Development
- Formation of HyMaroc Ltd. a Company established to explore for Natural Hydrogen and Helium in Morocco
- Post period, formation of a joint venture Company, Tayra Energy, to produce and sell renewable energy via access to the medium and high voltage grids in Morocco
Exploration
- Anoual licence extension was approved in December 2025. The Grand Tendrara and Sidi Moktar exploration licences are all in the process of extension and renewal
Commenting on 2025 performance, Majid Shafiq, Chief Executive Officer said:
'The progress made during 2025 positions the Company at an important inflection point. We are focussed on advancing and optimising our businesses in Morocco, with the objective of transitioning them into cash-generative operations on an expedited basis and strengthening our balance sheet. We will look to diversify our asset base with strategic acquisitions of accretive businesses outside Morocco. With a strengthened leadership team and a clear strategic focus, we believe Sound Energy is well placed to enter its next phase of development.'
Source: Sound Energy
