Brooge Energy Limited (BROG): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico del comercio de energía global, Brooge Energy Limited (Brog) emerge como un jugador fundamental, posicionado estratégicamente en el bullicioso centro marítimo de Fujairah, EAU. Esta compañía innovadora ha creado un modelo de negocio sofisticado que transforma el almacenamiento y la logística del petróleo en una empresa de alto riesgo e impulsada por la precisión, aprovechando la infraestructura de vanguardia, las asociaciones estratégicas y las ventajas geográficas incomparables para redefinir el manejo de la infraestructura energética en el Medio Oriente y más allá .

Brooge Energy Limited (Brog) - Modelo de negocio: asociaciones clave

Asociación estratégica con Emirates National Oil Company (ENOC)

Brooge Energy Limited ha establecido una asociación estratégica con ENOC, centrándose en el almacenamiento de petróleo y la infraestructura comercial en los Emiratos Árabes Unidos.

Detalles de la asociación	Métricas específicas
Fecha de establecimiento de asociación	2020
Colaboración de capacidad de almacenamiento	1.05 millones de barriles de productos derivados del petróleo
Compromiso de inversión	Desarrollo de infraestructura de $ 250 millones

Colaboración con empresas comerciales internacionales de petróleo

Brooge Energy mantiene asociaciones comerciales estratégicas con empresas globales de petróleo.

• Asociaciones comerciales en la región de Medio Oriente
• Redes de distribución de productos de petróleo
• Volumen de negociación internacional: 500,000 barriles por mes

Empresas conjuntas en infraestructura de almacenamiento y distribución de petróleo

Socio de empresa conjunta	Detalles de infraestructura	Valor de inversión
Global Energy Logistics Inc.	Terminal de almacenamiento de petróleo en Fujairah	$ 180 millones
Soluciones marítimas de petróleo	Expansión de infraestructura de distribución	$ 95 millones

Asociaciones técnicas con proveedores de logística marítima

Las colaboraciones de logística marítima clave mejoran las capacidades operativas de Brooge Energy.

• Asociaciones con 3 compañías de logística marítima importantes
• Cobertura operativa: región del Golfo y aguas internacionales
• Volumen de transacción logística anual: 2.5 millones de barriles

Relaciones de inversión con grupos de inversión energética global

Grupo de inversiones	Enfoque de inversión	Monto de la inversión
Venturas de energía sostenible	Desarrollo de infraestructura	$ 120 millones
Socios de inversión de energía global	Integración de expansión e tecnología	$ 85 millones

Brooge Energy Limited (Brog) - Modelo de negocio: actividades clave

Almacenamiento y comercio de productos de petróleo

Capacidad de almacenamiento: 1.1 millones de barriles de productos de petróleo en Fujairah Terminal

Tipo de almacenamiento	Capacidad (barriles)
Petróleo crudo	500,000
Productos refinados	600,000

Operaciones terminales en Fujairah, EAU

Ubicación: Terminal de petróleo de Fujairah, Emiratos Árabes Unidos

• Ubicación marítima estratégica para el comercio internacional de petróleo
• Acceso directo a rutas de envío globales
• Infraestructura avanzada para el manejo de productos

Desarrollo de infraestructura energética

Componente de infraestructura	Inversión (USD)
Expansión terminal	$ 50 millones
Actualizaciones tecnológicas	$ 15 millones

Gestión de logística de productos petroleros internacionales

Volumen de negociación anual: 15 millones de barriles de productos derivados del petróleo

• Redes comerciales globales con múltiples socios internacionales
• Sistemas de seguimiento de logística avanzada
• Gestión de la cadena de suministro de múltiples países

Gestión y expansión de activos estratégicos

Categoría de activos	Valor total (USD)
Activo terminal	$ 120 millones
Equipo	$ 35 millones

Brooge Energy Limited (Brog) - Modelo de negocio: recursos clave

Instalaciones avanzadas de almacenamiento de petróleo en Fujairah

Brooge Energy Limited opera instalaciones de almacenamiento de petróleo con las siguientes especificaciones:

Atributo de instalación	Especificación
Capacidad de almacenamiento total	362,000 metros cúbicos
Número de tanques de almacenamiento	12 tanques especializados
Ubicación	Zona de la industria petrolera de Fujairah, EAU

Tanques de almacenamiento marítimo especializados

Características clave del tanque de almacenamiento marítimo:

• Material del tanque: acero inoxidable
• Control de temperatura: sistemas avanzados de regulación térmica
• Cumplimiento: estándares API 650

Equipo de gestión profesional

Posición de liderazgo	Años de experiencia en el sector energético
CEO	Más de 15 años
director de Finanzas	Más de 12 años
Director de operaciones	Más de 18 años

Ubicación geográfica estratégica

Métricas de proximidad:

• Distancia desde las principales rutas de envío: aproximadamente 5 millas náuticas
• Proximidad al Estrecho de Hormuz: aproximadamente 50 kilómetros

Infraestructura digital

Sistema digital	Capacidad
Plataforma comercial	Seguimiento de inventario en tiempo real
Software de gestión logística	Análisis predictivo avanzado
Infraestructura de ciberseguridad	ISO 27001 compatible

Brooge Energy Limited (Brog) - Modelo de negocio: propuestas de valor

Soluciones de almacenamiento de productos de petróleo seguras y eficientes

Brooge Energy Limited proporciona Infraestructura de almacenamiento de petróleo Con las siguientes especificaciones:

Capacidad de almacenamiento	Volumen de almacenamiento total	Ubicación
1.05 millones de metros cúbicos	Aproximadamente 6.6 millones de barriles	Fujairah, Emiratos Árabes Unidos

Ubicación estratégica en Global Energy Trading Hub

El posicionamiento geográfico ofrece ventajas críticas:

• Proximidad a las principales rutas de envío marítimo
• Acceso a los mercados de petróleo de Medio Oriente
• Posicionamiento estratégico cerca del Estrecho de Hormuz

Infraestructura de almacenamiento de alta capacidad

Tipo de infraestructura	Capacidad	Estado operativo
Tanques de almacenamiento de petróleo	1.05 millones de metros cúbicos	Totalmente operativo

Precios competitivos para servicios de almacenamiento y logística

Estructura de precios basada en tarifas competitivas del mercado:

• Tarifas de almacenamiento aproximadamente $ 0.50- $ 0.75 por barril por mes
• Cargos de servicio logístico competitivos con puntos de referencia regionales

Infraestructura energética confiable y tecnológicamente avanzada

Tecnología	Especificación	Implementación
Sistemas de gestión de tanques	Monitoreo en tiempo real	Plataformas digitales totalmente integradas
Sistemas de seguridad	Supresión de fuego avanzado	Cumplimiento de estándares de seguridad internacionales

Brooge Energy Limited (Brog) - Modelo de negocio: relaciones con los clientes

Acuerdos contractuales a largo plazo con comerciantes de energía

A partir de 2024, Brooge Energy Limited mantiene contratos estratégicos a largo plazo con Energy Trading Partners. La duración promedio del contrato es de 5 a 7 años con compañías clave de productos de productos petroleros.

Tipo de contrato	Duración promedio	Valor anual del contrato
Comercio de productos petroleros	5-7 años	$ 42.5 millones
Acuerdo de servicios de almacenamiento	6 años	$ 18.3 millones

Servicios de gestión de clientes personalizados

Brooge Energy ofrece administración de cuentas dedicada para clientes de primer nivel, con 12 gerentes especializados de relaciones con clientes que atienden a corporaciones de energía multinacional.

• Gerentes de cuentas dedicados por cliente
• Reuniones trimestrales de revisión de rendimiento
• Mecanismos de informes personalizados

Canales de comunicación transparentes y consistentes

La compañía utiliza múltiples plataformas de comunicación con una tasa de respuesta del cliente 99.7% dentro de las 24 horas.

Canal de comunicación	Tiempo de respuesta	Porcentaje de uso
Correo electrónico	4 horas	45%
Portal de cliente seguro	2 horas	35%
Teléfono directo	1 hora	20%

Gestión de relaciones basada en el desempeño

Brooge Energy implementa el seguimiento de las métricas de rendimiento con una tasa de satisfacción del cliente del 87% en 2024.

• Seguimiento de indicadores de rendimiento clave (KPI)
• Bonos de rendimiento anuales para clientes consistentes
• Acuerdos de nivel de servicio personalizados

Plataformas digitales para la interacción del cliente

La plataforma digital de la compañía atiende a 42 clientes corporativos con acceso a datos en tiempo real y monitoreo de transacciones.

Función de plataforma digital	Usuarios activos	Transacciones mensuales
Tablero de clientes	42 clientes corporativos	1.250 transacciones
Informes en tiempo real	38 clientes	890 informes generados

Brooge Energy Limited (Brog) - Modelo de negocio: canales

Equipo de ventas directo dirigido a compañías comerciales de energía

Brooge Energy Limited mantiene un equipo de ventas dedicado centrado en las compañías comerciales de energía. A partir de 2024, el equipo consta de 12 representantes de ventas profesionales específicamente dirigidos a los mercados de comercio de energía del Medio Oriente e Internacional.

Canal de ventas	Número de empresas objetivo	Tasa de compromiso anual
Ventas directas de comercio de energía	87 empresas	64.3%

Plataformas de comercio y reserva en línea

La compañía utiliza plataformas digitales sofisticadas para transacciones de comercio de energía.

• Volumen de transacción de plataforma digital: $ 342.6 millones en 2023
• Tasa de eficiencia de reserva en línea: 92.7%
• Usuarios de la plataforma: 246 clientes corporativos registrados

Redes de logística marítima

Brooge Energy aprovecha los extensos canales de logística marítima para la distribución del producto petrolero.

Canal logístico	Volumen de envío anual	Cobertura geográfica
Envío marítimo	1.2 millones de toneladas métricas	Medio Oriente, Asia, Europa

Conferencias de la industria y eventos del sector energético

Estrategia de participación de la conferencia implica un compromiso dirigido en eventos clave de la industria energética.

• Conferencias anuales a las que asistió: 7
• Oportunidades de redes de eventos: 129 conexiones corporativas
• Leades de negocios generados: 43 perspectivas de alto potencial

Mercadeo digital y plataformas de redes profesionales

Los canales de marketing digital apoyan la visibilidad corporativa y los esfuerzos de adquisición de clientes.

Plataforma digital	Seguidor/recuento de conexión	Tasa de compromiso
LinkedIn	12,547 seguidores	4.3%
Gorjeo	8.234 seguidores	3.7%

Brooge Energy Limited (Brog) - Modelo de negocio: segmentos de clientes

Empresas comerciales internacionales de petróleo

Brooge Energy Limited sirve a las principales empresas internacionales de comercio de petróleo con características específicas del mercado:

Tipo de empresa	Volumen de negociación anual	Enfoque geográfico
Comerciantes de petróleo global	1,2 millones de barriles por día	Medio Oriente, Europa, Asia
Empresas especializadas de comercio de petróleo	750,000 barriles por día	EAU, Singapur, Suiza

Corporaciones de Energía Global

Segmento clave de clientes con requisitos específicos:

• Exxonmobil
• Caparazón
• BP
• Energías totales
• Cheurón

Empresas de envío y logística marítima

Empresa de logística	Volumen de envío anual	Rutas principales
Maersk	4.3 millones de TEU	Medio Oriente - Europa
MSC	3.9 millones de TEU	Región del Golfo - Asia

Comerciantes de petróleo regional e internacional

Segmentos clave del mercado:

• Comerciantes de petróleo del Medio Oriente
• Empresas de adquisición de energía asiática
• Entidades europeas de comercio de petróleo

Entidades energéticas gubernamentales y cuasi-gubernamentales

Entidad	Adquisición de energía anual	País
Adnoc	3.2 millones de barriles por día	Emiratos Árabes Unidos
Aramco saudí	12.3 millones de barriles por día	Arabia Saudita

Brooge Energy Limited (Brog) - Modelo de negocio: Estructura de costos

Mantenimiento y desarrollo de infraestructura

Costos de mantenimiento de infraestructura anual para Brooge Energy Limited en 2023: $ 4.2 millones

Componente de infraestructura	Costo anual
Instalaciones de almacenamiento de aceite	$ 1.7 millones
Infraestructura terminal	$ 1.5 millones
Actualizaciones de equipos	$ 1 millón

Gastos operativos y logísticos

Gastos operativos totales para 2023: $ 12.6 millones

• Costos de transporte: $ 3.8 millones
• Gastos de manejo de combustible: $ 2.9 millones
• Gestión de inventario: $ 1.5 millones
• Envío y logística: $ 4.4 millones

Costos de personal y experiencia técnica

Gastos totales de personal para 2023: $ 6.3 millones

Categoría de personal	Costo anual
Personal técnico	$ 3.2 millones
Gestión	$ 1.8 millones
Personal de apoyo	$ 1.3 millones

Cumplimiento y certificación regulatoria

Costos de cumplimiento total en 2023: $ 1.9 millones

• Certificación ambiental: $ 850,000
• Cumplimiento de seguridad: $ 650,000
• Documentación regulatoria: $ 400,000

Tecnología e inversiones en infraestructura digital

Inversión de tecnología total para 2023: $ 2.5 millones

Componente tecnológico	Monto de la inversión
Sistemas de monitoreo digital	$ 1.2 millones
Infraestructura de ciberseguridad	$750,000
Plataformas de gestión de datos	$550,000

Brooge Energy Limited (Brog) - Modelo de negocio: flujos de ingresos

Tarifas de alquiler de instalaciones de almacenamiento

A partir de 2024, Brooge Energy Limited genera ingresos a partir de alquileres de instalaciones de almacenamiento en su terminal de almacenamiento de aceite de Fujairah. El terminal tiene una capacidad de almacenamiento total de 362,000 metros cúbicos.

Capacidad de almacenamiento	Tasa de alquiler anual	Ingresos anuales estimados
362,000 metros cúbicos	$ 3.50 por metro cúbico por mes	$ 15,204,000 anualmente

Cargos de manejo de productos petroleros

La compañía cobra tarifas por manejar varios productos de petróleo en su terminal.

Tipo de producto	Tarifa de manejo	Volumen anual estimado
Petróleo crudo	$ 0.75 por barril	2.4 millones de barriles
Productos refinados	$ 1.25 por barril	1.8 millones de barriles

Servicios de logística y transporte

Brooge Energy proporciona soluciones logísticas integrales para productos de petróleo.

• Servicios de coordinación de transporte
• Soporte de carga y descarga de embarcaciones
• Asistencia de autorización personalizada

Tipo de servicio	Tarifa promedio	Ingresos anuales estimados
Coordinación de transporte	$ 2.50 por barril	$6,000,000
Servicios de soporte de embarcaciones	$ 5,000 por recipiente	$3,600,000

Contratos de gestión de operaciones terminales

Brooge Energy administra operaciones terminales para múltiples clientes en la región de Fujairah.

Tipo de contrato	Tarifa de gestión	Número de contratos
Gestión completa de terminal	$ 250,000 por mes	2 contratos
Servicios de Terminal parcial	$ 75,000 por mes	3 contratos

Comisión comercial y tarifas de servicio

La compañía genera ingresos adicionales a través de servicios relacionados con el comercio.

Categoría de servicio	Tarifa de comisión	Volumen de negociación anual estimado
Comisiones de comercio de petróleo	0.5% del valor de transacción	$ 450 millones
Servicios de corretaje	0.25% del valor de transacción	$ 250 millones

Brooge Energy Limited (BROG) - Canvas Business Model: Value Propositions

You're looking at the core value Brooge Energy Limited (BROG) offers its customers and the market as of late 2025, especially as the company pivots hard into green energy. It's a mix of leveraging existing infrastructure strengths while aggressively building out a future-facing asset base.

Early mover advantage in UAE's Green Ammonia/Hydrogen market

Brooge Energy Limited is positioning itself as one of the first privately owned entities in the UAE to develop a green ammonia project. This first-mover status is critical for securing early off-take agreements in the nascent global market. The planned facility targets a total production capacity of approximately 685 Kilo Tons Per Annum (KTPA) of green ammonia once fully operational. Phase-I of this project is set to commission 300 Tons Per Day (TPD), which is 1,950 TPD total capacity. This scale is designed to tap into the lucrative export market, which is projected to reach 18 million Tons Per Annum (MTPA) of Green Ammonia across identified markets in Europe and Asia.

Strategic location for global energy logistics (pre-sale)

The legacy oil storage business, though slated for sale, provides a strong logistical foundation. The terminal is strategically located in Fujairah, the world's second-largest bunkering hub. This location, outside the Strait of Hormuz, offers a low-risk alternative for energy trading and storage. The existing terminal boasts a total capacity exceeding 1,000,000 cubic meters. This infrastructure is being leveraged for the new green energy focus, as the company secured a 150,000 square meter plot in KIZAD for the green ammonia facility.

High-accuracy blending and fast order processing for oil products (pre-sale)

Before the major asset sale closed in late 2025, the oil storage operations delivered tangible operational value. They used advanced technology to ensure high-accuracy blending and minimize product loss. Specifically, their stripping system reduces product loss by over 80%. Furthermore, speed was a key differentiator, with high-capacity pumping capabilities reaching up to 16,000 M3 per hour, which helps cut vessel demurrage costs for clients.

Production of genuinely green fuel from a dedicated 650 MW solar plant

The commitment to genuinely green fuel is underpinned by massive renewable energy infrastructure. The Green Ammonia Project is designed to be powered by a dedicated solar PV plant with a capacity of up to 650 MW. This partnership with Siemens Energy for the EPC services ensures the power source for the green hydrogen and ammonia production is renewable, which is vital for the product's low-carbon credentials.

Long-term, stable supply of clean energy products for global shipping

The value proposition here is future-proofing the supply chain for decarbonization. By producing green ammonia, which is an efficient carrier for green hydrogen, Brooge Energy Limited is targeting the rising global demand for decarbonization solutions, especially in global shipping. The projected cost competitiveness of their Middle East exports versus regions like Australia or North America is a key factor in securing long-term off-take ties.

Here's a quick look at the key operational and financial metrics underpinning these value propositions as of late 2025:

Metric Category	Value Proposition Component	Real-Life Number/Amount
Green Ammonia Capacity (Total Planned)	Green Fuel Production Scale	685 KTPA
Green Ammonia Capacity (Phase I Commissioning)	Green Fuel Production Scale	300 TPD
Dedicated Solar Power Capacity	Genuinely Green Fuel Production	Up to 650 MW
Oil Blending Efficiency	High-Accuracy Blending (Pre-sale)	Product Loss minimized by over 80%
Oil Pumping Throughput	Fast Order Processing (Pre-sale)	Up to 16,000 M3 per hour
Strategic Asset Sale Value	Financial Enabler for Green Pivot	Approximately $884 million
Total Assets (May 2025)	Underlying Infrastructure Value	$485.64 million

The strategic sale of the oil subsidiaries for about $884 million, approved in October 2025, is the financial mechanism that helps fund this transition, moving the company from an estimated FY 2025 revenue of $180.4 million to a new infrastructure focus.

Finance: draft 13-week cash view by Friday.

Brooge Energy Limited (BROG) - Canvas Business Model: Customer Relationships

You're looking at Brooge Energy Limited (BEL) in late 2025, and the customer relationship landscape is defined by a massive corporate restructuring, so the focus has shifted from operational contracts to shareholder value realization and future project alignment.

Investor relations focused on the strategic pivot and capital distribution

The primary relationship focus for Brooge Energy Limited in late 2025 is managing the expectations and fulfilling the commitments made to its shareholders following the sale of its core assets. This required securing overwhelming support for the divestiture of BPGIC FZE and BPGIC Phase III FZE to Gulf Navigation Holding PJSC (GulfNav) for approximately $884 million.

• Shareholder approval for the sale resolution was 99.99% of voting shares on September 30, 2025.
• Shareholder approval for the distribution resolution was 99.97% of voting shares.
• Shareholder participation in the Extraordinary General Meeting (EGM) was 96.46% of outstanding shares.
• DTC shareholders received a cash payment of USD 7.76 per share as part of the declared Dividend on or about December 2, 2025.
• Shareholders outside the US received their Dividend in GulfNav Securities.

Dedicated account management for major oil traders (pre-sale)

Before the sale closing on November 25, 2025, the relationship management for the legacy oil storage business centered on securing long-term, high-value commitments. This involved deep engagement with major traders to lock in capacity and service revenue.

Here's a quick look at the metrics that defined those key trader relationships:

Relationship Metric	Legacy Oil Storage Operation Data
Tolling Contract Tenure (Refinery)	20 years (5 initial + 3 renewals of 5 years each)
Phase I Capacity Contracted (2020)	129,000m3
Premium on New Phase I Contracts (2020)	50% premium to previous contracts
Major Oil Company Engagement	Signed offtake contract with one of the 'super major oil companies' for Phase I storage.

High-touch service for ancillary oil storage operations

The high-touch service component for the legacy business was built on operational excellence, including high-accuracy blending and minimal product loss, which directly benefited oil majors and smaller energy traders alike. The company's facilities offered dedicated lines connecting the Port of Fujairah.

• Total geometric storage capacity across Phase I and Phase II was approximately 1 million cubic meters (or about 6.3 million barrels).
• The legacy business operated across 22 tanks.
• Ancillary services revenue contribution was 14% of total revenues in 2021, compared to 37% in 2020.
• Product loss reduction via the terminal's stripping system was over 80% during transfers.

Strategic, long-term contracts with Green Ammonia off-takers

The new strategic direction involves cultivating relationships with Green Ammonia off-takers, a crucial step for the future entity. The company is actively working to secure these ties in identified markets of Europe and Asia to support its planned production scale.

• Planned Green Ammonia Project total capacity: 1,950 Tons Per Day (TPD).
• Phase-I of the Green Ammonia Project is set to commission 300 TPD.
• The company is positioning itself to tap into an export market estimated at 18 million Tons Per Annum (MTPA) of Green Ammonia in target regions.

Government and regulatory engagement for project approvals

Engagement with government bodies is key for both the strategic pivot and new energy projects. The successful closing of the asset sale was contingent on regulatory approvals, and new ventures require direct government support.

• The EGM to approve the asset sale was held on September 30, 2025.
• The company signed a strategic agreement with Honeywell in November 2025 for a new gasoline refinery, in the presence of the Ministry of Energy and Infrastructure.
• The new refinery project begins with a first phase production capacity of approximately 15,000 barrels per day.

Brooge Energy Limited (BROG) - Canvas Business Model: Channels

You're looking at how Brooge Energy Limited gets its value proposition-storage, blending, and future green energy-to its customers and stakeholders as of late 2025. The channels have definitely shifted, especially with the major corporate transaction closing in November 2025.

Direct sales team for long-term Green Ammonia off-take contracts

The direct sales effort here is focused on securing long-term commitments for the planned Green Ammonia production, which is a key part of Brooge Energy Limited's energy transition play. The sales team is targeting markets in Europe and Asia to lock in volumes before or during the facility commissioning.

The target capacity for this future channel is substantial:

• Total Green Ammonia production facility capacity: 1950 Tons Per Day (TPD).
• Phase-I commissioning target: 300 TPD.
• Projected annual production: Approximately 685 Kilo Tons Per Annum (KTPA).

While specific 2025 off-take contract values aren't public, the strategy is to use these future fixed storage fees from Ammonia off-take agreements to cover the fixed costs of the Green Hydrogen and Green Ammonia Project. This is a crucial pre-sale channel for a product that hasn't fully come online yet.

Global shipping and logistics partners for product export

For the existing oil storage business, which is the core revenue driver, Brooge Energy Limited relies on its strategic location and direct connectivity. The flagship facilities are in Fujairah, the world's 2nd largest bunkering and emerging storage hub, with dedicated lines connecting to the Port of Fujairah.

The physical capability that supports this channel includes high-throughput capabilities:

• Terminal high-capacity pumping rate: Up to 16,000 M3 per hour.

The company's operational unit, BPGIC, differentiates itself by offering fast order processing times, which directly impacts the efficiency of its logistics channel with partners.

Port of Fujairah infrastructure (pre-sale)

This channel is the physical asset base that underpins all service delivery. While the operating subsidiary BPGIC FZE and BPGIC Phase III FZE were conditionally sold to Gulf Navigation Holding PJSC in May 2025, the infrastructure remains the core asset supporting the business model, with the transaction closing on November 25, 2025. The total consideration for the sale was approximately USD 884 million (AED 3,245,000,000).

The existing capacity, which was built on a pre-contracted basis, is detailed below. Note that the company historically stated it has fully contracted out the additional storage capacity from its prior expansion.

Facility Phase	Product Type	Number of Tanks	Aggregate Geometric Capacity
Phase I	Refined Oil Products	14	399,324 cbm
Phase II	Crude Oil	8	601,600 cbm
Total (Phase I & II)	Combined	22	Approximately 1 Million cbm

Historically, Brooge Energy Limited planned to add as much as 3.5 million cubic metres (22 million barrels) of crude storage, though the status of this expansion post-sale is key to understanding the current asset base.

Investor communications via OTC Markets (post-delisting)

Following a voluntary delisting from Nasdaq, Brooge Energy Limited now communicates with its public investor base primarily through the OTC Markets under the ticker BROGF. This channel is critical for maintaining liquidity and transparency post-exchange transition.

Market activity on this channel shows significant investor engagement around key announcements in 2025:

• Stock price movement on May 28, 2025: Jumped from $2.61 to $4.14 following a major announcement.
• Stock price on December 05, 2025: Trading at 7.550 on OTC, with a 52-week range of $0.020 to $7.550.

The company reported a significant revenue of approximately $76.47M in a recent period. The balance sheet as of late 2025 shows total assets of $485.64M against liabilities of $424.43M.

Industry conferences and government-to-business (G2B) channels

Brooge Energy Limited uses industry forums and direct government engagement to support its core business and future projects. The G2B channel is vital for securing the necessary permits and strategic positioning within the UAE's energy sector.

Key events that utilized these channels in 2025 include:

• Announcing the results of an Extraordinary General Meeting held on September 30, 2025.
• Announcing the closing of the Transaction and declaration of a Dividend on November 25, 2025, following shareholder support at the EGM.

The company's focus on the Green Ammonia project, which is based in Abu Dhabi, necessitates strong G2B interaction to align with the UAE's net-zero targets. Historically, the company has also engaged in securing contracts for its Phase I capacity at a 50% premium to previous contracts, a process that often involves direct commercial negotiation channels.

Brooge Energy Limited (BROG) - Canvas Business Model: Customer Segments

You're looking at the customer segments for Brooge Energy Limited (BROG) right at the pivot point of late 2025. The business model has fundamentally shifted due to the sale of its core operating assets, meaning the historical customer base for oil storage is now largely Gulf Navigation Holding PJSC's (GULFNAV) to manage, while the future focus is on green energy off-takers.

Global energy majors and oil trading houses (historical/transitional)

These were the bedrock customers for the legacy business, Brooge Petroleum and Gas Investment Company FZE (BPGIC), which operated in the Port of Fujairah, the world's 2nd largest bunkering and emerging storage hub. Revenue from this segment was historically weighted toward the predictable, high-margin fixed storage fees component. The latest reported revenue for the combined entity, before the final closing of the sale, was approximately $76.47 million as of May 2025. The total asset base supporting these historical operations stood at $485.64M against liabilities of $424.43 million as of May 2025.

International shipping companies seeking low-carbon fuels

This segment represents the transitional opportunity now being integrated into GULFNAV's expanded maritime and logistics strategy. The broader industry trend shows a clear move toward cleaner fuels, which supports the future value proposition. For context on the market Brooge Energy Limited is pivoting into, LNG bunkering volumes in Singapore grew by 18% over the first five months of 2025 compared with the same period in 2024. Rotterdam saw a 7% growth in Q1 2025 volumes versus Q1 2024.

Industrial end-users of Green Ammonia and Hydrogen

This is the primary future customer segment for the renewable energy infrastructure, developed under the Brooge Renewable Energy Ltd (BRE) subsidiary. The planned green ammonia plant in Abu Dhabi is designed for export-focused production capacity of 1950 Tons Per Day (TPD), executed in two phases, with Phase-I commissioning 300 TPD. The company projected securing off-take ties in Europe and Asia, tapping into a lucrative export market estimated at 18 million Tons Per Annum (MTPA) of Green Ammonia. Furthermore, the associated solar PV plant to power this production is planned at up to 650 MW.

Strategic investors in the renewable energy infrastructure sector

These investors are focused on the value unlocked by the strategic pivot and the distribution of sale proceeds. The sale of the core operating subsidiaries to GULFNAV was valued at approximately $884 million. The transaction settlement structure included a cash component of AED 460 million. The company's total liabilities of $424.43 million (as of May 2025) are a key consideration for investors looking at the net proceeds available for distribution following the asset sale.

Gulf Navigation Holding PJSC (as a key post-sale partner/shareholder)

Gulf Navigation Holding PJSC is the key entity absorbing the historical customer base and infrastructure. The total consideration for the acquisition of Brooge Energy Limited's assets and subsidiaries was AED 3.2 billion. As part of the transaction, GULFNAV increased its share capital from approximately AED 837 million to AED 1.65 billion, with the total expected share capital reaching around AED 3.5 billion upon conversion of Mandatory Convertible Bonds (MCBs). The issuance of 358.8 million new shares to Brooge shareholders was set at AED 1.25 per share.

The customer relationships for the legacy oil storage business are now managed under the GULFNAV umbrella, which operates a fleet including chemical tankers and operation support vessels.

Customer Segment Type	Historical/Projected Capacity or Value	Financial Metric/Scale
Historical Oil Storage Clients	Fujairah Storage Facilities	World's 2nd largest bunkering hub location
Green Ammonia Off-takers (Target)	1950 TPD total production capacity	Target export market of 18 million MTPA
Strategic Investors (Sale Value)	$884 million total consideration	GULFNAV increased capital to AED 1.65 billion
Shipping Companies (Low-Carbon)	Singapore Bunkering Growth (H1 2025)	18% volume growth vs H1 2024
Gulf Navigation Holding PJSC	Acquisition Value	AED 3.2 billion

The company's latest reported revenue before the asset sale was approximately $76.47M (May 2025).

Brooge Energy Limited (BROG) - Canvas Business Model: Cost Structure

You're looking at the costs underpinning Brooge Energy Limited's (BROG) transition and existing operations as of late 2025. This structure is heavily influenced by the massive capital outlay for the renewable energy pivot, alongside the financial obligations from the legacy business, which is now being divested.

Capital expenditure for the Green Ammonia plant and solar PV

The investment in the renewable energy infrastructure is a major cost driver. The Green Hydrogen and Green Ammonia Project, led by Brooge Renewable Energy (BRE), is designed to be world-class.

• Green Ammonia Plant Capacity: 1,950 Tons Per Day (TPD), executed in two phases, with Phase I at 300 TPD.
• Projected Green Ammonia Production: Approximately 685 Kilo Tons Per Annum (KTPA) upon full commissioning.
• Solar PV Facility Scale: Partnership with Siemens Energy to build up to a 650 MW solar PV plant to supply the green ammonia project.

Specific, final capital expenditure figures for the entire Green Ammonia plant and the 650 MW solar facility as of late 2025 are not explicitly detailed in the latest public filings, but the scale suggests a substantial, multi-year investment program.

Debt servicing and financial restructuring costs (pre-sale liabilities)

The cost structure includes servicing existing debt and costs associated with the recent major transaction and past legal matters. The specific pre-sale liability of $424.43 million is not confirmed in recent reports, but related debt obligations and settlement costs are present.

Cost/Liability Item	Amount (USD)	As of Date/Context
Bonds Repayable within 1 Year	$160 Million	December 31, 2023
Current Liabilities Over Current Assets (Deficit)	$320.389 million	December 31, 2023
SEC Litigation Settlement Penalty Paid	$5,000,000	January 3, 2024
Court Award Payable to BIA (Opening Balance)	$74.253 million	December 31, 2023 Context

You should note that the Group acknowledged significant doubt about its ability to pay obligations as they fall due based on earlier forecasts.

Operating and maintenance costs for the 650 MW solar facility

The agreement with Siemens Energy for the 650 MW solar PV plant includes providing operation and maintenance services. Specific, itemized operating and maintenance (O&M) costs for this facility are bundled into the partnership agreement and are not broken out as a standalone expense figure in the available late 2025 disclosures.

Personnel costs for specialized renewable energy engineers

Personnel costs are a component of operating expenses. While historical data points to employee expenses driving direct cost increases, specific 2025 figures for specialized renewable energy engineers dedicated to the Green Ammonia/Solar projects are not itemized separately from general administrative or employee costs in the latest reports.

• Historical Context: Direct costs in FY20 increased, driven partly by higher employee expenses from outsourced staff.

Costs related to the distribution of the sale consideration

The proposed sale of 100% of BPGIC FZE and BPGIC Phase III FZE to Gulf Navigation Holding PJSC (GulfNav) has a total consideration structure that will lead to distribution costs. Shareholders approved Resolution 2 for the distribution of proceeds.

The total consideration payable under the Transaction is approximately USD 884 million.

The consideration is satisfied by:

• Cash Consideration: Approximately USD 125.3 million.
• Consideration Shares: Allotment of 358,841,476 ordinary shares in GulfNav, valued at a total subscription price of approximately USD 122 million.
• Mandatory Convertible Bonds: Approximately USD 636 million.

The exact costs associated with the mechanics of this distribution, including any potential transaction fees or regulatory charges for the distribution, are not quantified in the public announcements regarding the sale closing in November 2025.

Finance: draft 13-week cash view by Friday.

Brooge Energy Limited (BROG) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Brooge Energy Limited (BROG) right after the major asset sale closed in November 2025. This fundamentally shifts the focus from legacy storage operations to future green energy development, but the legacy numbers still frame the context.

The most immediate, large-scale financial event is the Proceeds from the sale of BPGIC Group. Brooge Energy Limited closed the Transaction with Gulf Navigation Holding PJSC on November 25, 2025. The total consideration for the sale of 100% of BPGIC FZE and BPGIC Phase III FZE was approximately $884 million.

The structure of that consideration is key to understanding the immediate cash position and future income potential. It was satisfied through:

• Cash Consideration: Approximately $125.3 million.
• GulfNav ordinary shares valued at $122 million.
• Mandatory Convertible Bonds: $636 million.

Before this sale, the core business relied on Long-term, fixed-fee storage contracts. The Trailing Twelve Months (TTM) revenue for this segment, as of November 2025, stood at approximately $76.47 Million USD. Honestly, this TTM figure reflects a decrease from the 2023 full-year revenue of $105.7 million.

The storage revenue was historically split with Fees from ancillary services like blending and heating, though the contribution from these variable services has been declining since the second half of 2020.

The future revenue narrative is now centered on the energy transition. Brooge Renewable Energy (BRE), a subsidiary, is developing the Green Hydrogen and Green Ammonia Project. Once fully commissioned, this facility is planned to produce 685 kilotonnes per year of green ammonia. The project features a planned capacity of up to 700,000 MT of green ammonia per annum. This will be delivered in two phases, starting with an initial 300tpd phase, leading up to a full 1,950-tonne-per-day (tpd) capacity plant.

Finally, the Interest income from the cash portion of the sale proceeds will be a new, distinct revenue stream. The immediate cash component received was $125.3 million, which will now sit on the balance sheet generating interest until it is distributed as a Dividend or otherwise deployed.

Here's a quick look at the historical and transaction-related financial data points:

Revenue/Transaction Component	Financial Amount (USD)	Context/Date
Total BPGIC Group Sale Proceeds	$884 million	Closed November 2025
Cash Portion of Sale Proceeds	$125.3 million	Part of the $884 million consideration
Historical TTM Revenue (Storage)	$76.47 Million	As of November 2025
Historical Full-Year Revenue (2023)	$105.7 million	Pre-TTM comparison
Planned Green Ammonia Capacity (Annual)	685 kilotonnes per year	Once fully commissioned

Finance: draft 13-week cash view by Friday.