GeoPark Limited, a leading independent energy company with over 20 years of successful operations across Latin America, today presents its long-term strategic plan, operational priorities, and updated capital allocation framework ahead of its 2025 Investor Day, hosted today at the New York Stock Exchange and virtually. The event features presentations by GeoPark’s Chief Executive Officer, Felipe Bayon, and key members of the executive team, followed by a Q&A session. The corresponding presentation materials will be posted live on the “Invest with Us” section of the Company’s website, and a replay will be made available on the same website shortly after the event concludes.

Management will discuss the recently closed acquisition of the Loma Jarillosa Este and Puesto Silva Oeste blocks in the Vaca Muerta formation in Neuquén Province, Argentina, and outline GeoPark’s strategic path to renewed growth.

The Company’s strategic plan outlines a disciplined roadmap for value creation, leveraging GeoPark’s strong foundation in Colombia and its new long-term growth platform in Vaca Muerta. The Company expects to deliver sustainable earnings growth, maintain balance sheet strength, and generate transformational cash flow surplus once the investment phase peaks later in the decade.

Strategic Overview

• Balanced Portfolio: Colombia remains the core of GeoPark’s operations, generating stable cash flow from low-cost, high-margin barrels, while Argentina becomes a transformational growth driver following the completion of the Vaca Muerta acquisition and starting to operate the Loma Jarillosa Este and Puesto Silva Oeste blocks on October 16, 2025.
• Disciplined Execution: The long-term strategic plan prioritizes efficiency, operational excellence, and capital discipline while maintaining operational, commercial and financial flexibility to support future opportunities and shareholder returns.
• Strong Financial Position: The plan is fully funded with available liquidity, internally generated cash flow, and access to diverse sources in local and international credit markets.

Dividend and Capital Allocation Update

As disclosed in the 2Q2025 earnings release, the Company’s Board of Directors (the “Board”)has been reviewing capital allocation priorities over recent quarters, considering the Company’s evolving growth strategy, balance sheet commitments, and shareholder return policy relative to peers and overall market.

Following the completion of the Vaca Muerta acquisition, and considering its projected capital needs, the Board has approved a revised dividend program:

• Total expected distribution of approximately $6 million over the next four quarters, equivalent to $1.5 million per quarter, commencing with the 3Q2025 results payout and ending with the 2Q2026 results payout.
• Dividend suspension commencing with the 3Q2026 results, aligned with increased capital expenditures for Vaca Muerta.
• The Board will reassess dividends once positive free cash flow generation resumes after the peak investment phase, consistent with GeoPark’s disciplined, returns-based capital framework.

Lastly, between June and October of this year the Company completed a $100 million debt repurchase program of its Senior Notes due 2030 below par ($108 million face value), aimed at strengthening the Company’s balance sheet and capturing material cost reduction opportunities, consistent with the commitment to deliver a lean, resilient and competitive organic business. Gross financial debt was reduced by 17% (approximately $540 million as of the date hereof, and following these repurchases) resulting in annual and cumulative interest savings of $10 million and $40 million, respectively.

Felipe Bayon, Chief Executive Officer of GeoPark, said: 
“We are repositioning GeoPark for a new phase of disciplined growth. Building on a stable, cash-generating base, we’re unlocking new unconventional opportunities in Argentina to drive scale, resilience, and sustainable returns. We will be entering a period of heightened investment to support this strong growth opportunity. The decisions we are announcing today reflect the Board’s commitment to maximizing long-term shareholder value and capital efficiency. At the appropriate time, we will reassess dividend distributions considering oil prices, capital requirements, and broader strategic priorities. We have a proven track record of disciplined capital allocation and are investing now to deliver greater and more sustainable returns in the future.”

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