Ithaca Energy Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

editorial-team@simplywallst.com (Simply Wall St)

Mon, Mar 31, 2025, 7:07 AM 1 min read

Ithaca Energy (LON:ITH) Full Year 2024 Results

Key Financial Results

Revenue: US$1.98b (down 15% from FY 2023).
Net income: US$153.2m (down 29% from FY 2023).
Profit margin: 7.7% (down from 9.3% in FY 2023).
EPS: US$0.13 (down from US$0.21 in FY 2023).

revenue-and-expenses-breakdown — LSE:ITH Revenue and Expenses Breakdown March 31st 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ithaca Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) exceeded analyst estimates by 1.5%.

In the last 12 months, the only revenue segment was Oil and Gas Exploration, Development and Production and Related Activities contributing US$1.98b. Notably, cost of sales worth US$1.14b amounted to 58% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$384.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ITH's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.

Performance of the British Oil and Gas industry.

The company's shares are up 19% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Ithaca Energy (3 are potentially serious!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.