Star Energy Group Full Year 2024 Earnings: UK£0.087 loss per share (vs UK£0.035 loss in FY 2023)

Star Energy Group (LON:STAR) Full Year 2024 Results

Key Financial Results

• Revenue: UK£43.7m (down 12% from FY 2023).
• Net loss: UK£11.3m (loss widened by 151% from FY 2023).
• UK£0.087 loss per share (further deteriorated from UK£0.035 loss in FY 2023).

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STAR Reserves

Oil reserves

• Proven reserves: 10.17 MMbbls.

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

Star Energy Group Earnings Insights

The primary driver behind last 12 months revenue was the Oil and Gas segment contributing a total revenue of UK£43.6m (100% of total revenue). Notably, cost of sales worth UK£26.6m amounted to 61% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling UK£7.35m 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 STAR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to decline by 6.2% 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 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Star Energy Group has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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