In This Article:
Pharos Energy (LON:PHAR) Full Year 2024 Results
Key Financial Results
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Revenue: US$126.8m (down 19% from FY 2023).
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Net income: US$23.6m (up from US$48.8m loss in FY 2023).
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Profit margin: 19% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
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EPS: US$0.057 (up from US$0.11 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pharos Energy EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.
The primary driver behind last 12 months revenue was the SE Asia segment contributing a total revenue of US$115.4m (91% of total revenue). Notably, cost of sales worth US$80.6m amounted to 64% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$39.3m 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 PHAR's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to decline by 12% 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 1.8% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Pharos Energy (including 1 which is a bit unpleasant).
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