Business
Energean Israel Half Year 2025 Accounts
Energean Israel Limited reported unaudited interim consolidated financial statements for the six months ended June 30, 2025. Revenue decreased to $482.63 million from $602.18 million in 2024. The cost of sales was $256.73 million, yielding a gross profit of $225.89 million. Operating profit was $222.94 million, while profit before tax amounted to $130.75 million. Net profit for the period was $100.49 million. Total assets reached $3,523.93 million, and total liabilities were $3,248.93 million. The company drew $75 million from a new $750 million term loan. Dividends of $95.85 million were declared and paid. The company recognized a derivative asset of $37.16 million due to cash flow hedging. A temporary suspension of production occurred in June 2025. Disclaimer*
About this update from Energean Plc
[{"type":"text","content":"\n\n\n \nENERGEAN ISRAEL LIMITED\n \nUNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS\n \n \n30 JUNE 2025\n \n \n \n\n \n \nENERGEAN ISRAEL LIMITED\nUNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS\nAS OF 30 JUNE 2025\n \n \n \nINDEX\n \n \n\n\n\n\n \n\n\n \n\n\n\nPage\n\n\n\n\n\n \n\n\n \n\n\n\n\n\n\n\nInterim Consolidated Statement of Comprehensive Income\n\n\n\n\n\n3\n\n\n\n\nInterim Consolidated Statement of Financial Position\n\n\n\n\n\n4\n\n\n\n\nInterim Consolidated Statement of Changes in Equity\n\n\n\n\n\n5\n\n\n\n\nInterim Consolidated Statement of Cash Flows\n\n\n\n\n\n6\n\n\n\n\nNotes to the Interim Consolidated Financial Statements\n\n\n\n\n\n7-20\n\n\n\n\n \n \n- - - - - - - - - - - - - - - - - - - -\n \n \n \n\n\n\nINTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME\n\nSIX MONTHS ENDED 30 JUNE 2025\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n30 June 2025\n(Unaudited)\n $'000 \n\n\n\n\n\n30 June 2024\n(Unaudited)\n $'000 \n\n\n\n\n\n\n\n\n\n\n\n\n\nNotes\n \n\n\n\n\n\n \n\n\n\n\n\n \n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n3\n\n\n\n\n\n482,627\n\n\n\n\n\n602,178\n\n\n\n\n\n\n\nCost of sales\n\n\n\n\n\n4\n\n\n\n\n\n(256,733)\n\n\n\n\n\n(278,978)\n\n\n\n\n\n\n\nGross profit\n\n\n\n\n\n\n\n\n\n\n\n225,894\n\n\n \n\n\n323,200\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdministrative expenses\n\n\n\n\n\n4\n\n\n\n\n\n(10,747)\n\n\n\n\n\n(9,046)\n\n\n\n\n\n\n\nExploration and evaluation expenses\n\n\n\n\n\n4\n\n\n\n\n\n(1,994)\n\n\n\n\n\n-\n\n\n\n\n\n\n\nOther expenses\n\n\n\n\n\n4\n\n\n\n\n\n(9)\n\n\n\n\n\n(448)\n\n\n\n\n\n\n\nOther income\n\n\n\n\n\n4\n\n\n\n\n\n9,794\n\n\n\n\n\n444\n\n\n\n\n\n\n\nOperating profit\n\n\n\n\n\n\n\n\n\n\n\n222,938\n\n\n\n\n\n314,150\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinance income\n\n\n\n\n\n5\n\n\n\n\n\n2,579\n\n\n\n\n\n4,485\n\n\n\n\n\n\n\nFinance costs\n\n\n\n\n\n5\n\n\n\n\n\n(82,951)\n\n\n\n\n\n(93,854)\n\n\n\n\n\n\n\nNet foreign exchange losses\n\n\n\n\n\n5\n\n\n\n\n\n(11,814)\n\n\n\n\n\n(291)\n\n\n\n\n\n\n\nProfit for the period before tax\n\n\n \n\n\n \n\n\n \n\n\n130,752\n\n\n \n\n\n224,490\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n...