Business
Full Year 2022 Results
Full Year 2022 Results.
About this update from Ithaca Energy Plc
[{"type":"text","content":"\n \n \n Press\n release\n \n \n \n \n \n \n 30 March 2023\n \n \n \n \n Ithaca Energy plc (\"Ithaca Energy\" or the \"Group\")\n \n \n \n \n Full Year 2022 Results\n \n \n Transformational year for Ithaca Energy, positioning the Group for long-term value creation\nIthaca Energy plc today announces its audited full year results for the year ended 31 December 2022. Key financial performance indicators (KPIs)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n 2021\n \n \n \n \n \n \n Group adjusted EBITDAX1($m)\n \n \n \n \n \n 1,916.2\n \n \n \n \n \n 1,035.4\n \n \n \n \n \n \n Net cash flow from operating activities ($m)\n \n \n \n \n \n 1,723.3\n \n \n \n \n \n 912.7\n \n \n \n \n \n \n Available liquidity1($m)\n \n \n \n \n \n 578.8\n \n \n \n \n \n 619.8\n \n \n \n \n \n \n Total production (boe/d)\n \n \n \n \n \n 71,403\n \n \n \n \n \n 56,486\n \n \n \n \n \n \n Unit operating expenditure1($/boe)\n \n \n \n \n \n 19.0\n \n \n \n \n \n 18.0\n \n \n \n \n \n \n Basic EPS (cents)\n \n \n \n \n \n 102.6\n \n \n \n \n \n 42.4\n \n \n \n \n \n \n Net debt1($m)\n \n \n \n \n \n 971.2\n \n \n \n \n \n 930.2\n \n \n \n \n \n \n Net debt/Group adjusted EBITDAX1\n \n \n \n \n \n 0.5x\n \n \n \n \n \n 0.9x\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 Other KPIs\n \n \n \n \n \n \n Tier 1 process safety events\n \n \n \n \n \n -\n \n \n \n \n \n -\n \n \n \n \n \n \n Serious injury and fatality frequency\n \n \n \n \n \n -\n \n \n \n \n \n -\n \n \n \n \n \n \n Scope 1 and 2 emissions (tCO\n 2\n e3)\n \n \n \n \n \n 483,325\n \n \n \n \n \n 497,929\n \n \n \n \n \n \n Green house gas intensity (kgCO\n 2\n e/boe)\n \n \n \n \n \n 23.8\n \n \n \n \n \n 24.6\n \n \n \n \n \n \n \n 1\n \n Non-GAAP measure (see pages 75 to 77)\n \n \n \n \n \n Corporate Highlights\n \n \n · \n Successfully listed on the premium segment of the main market of the London Stock Exchange on 14 November 2022, and subsequently joined the FTSE 250 index in March 2023\n \n \n · \n Transformational $1.1 billion acquisition of Siccar Point Energy (Holdings) Limited (\"Siccar Point Energy\") completed on 30 June 2022, doubling the Group's recoverable resources\n \n \n · \n Acquisitions of Summit Exploration and Production Limited (\"Summit...