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Get filing alertsRisk Profile Improvements
- Material Weakness (improved) — Material weaknesses in IT controls, control environment, risk assessment, and process-level controls were fully remediated during 2025.
revenue $359.3M, net income -$41.4M. VAALCO exits Canada, posts loss on impairment; controls remediated
Filed March 16, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 17, 2025 · ~1 min read
Key Changes
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high
Company sold all Canadian assets for $25.5M in Feb 2026, completing full exit from Canada operations that contributed 12% of 2024 production. Portfolio now focused entirely on African assets.
Business: Canada Asset Divestment verify on EDGAR → -
high
Recorded $67.2M impairment on Canada assets held for sale due to sustained commodity price declines, driving swing from $58.5M net income in 2024 to $41.4M net loss in 2025.
MD&A: Impairment verify on EDGAR → -
high
Côte d'Ivoire FPSO offline entire 2025 for refurbishment; completed Feb 2026, vessel returning with Q2 2026 production restart expected. Segment revenue fell $76.7M during outage.
MD&A: FPSO Status verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 5, 2026 · How we verify