Bumi Armada Berhad Full Year 2024 Earnings: Misses Expectations

Bumi Armada Berhad (KLSE:ARMADA) Full Year 2024 Results

Key Financial Results

• Revenue: RM2.30b (up 7.8% from FY 2023).
• Net income: RM634.0m (up 91% from FY 2023).
• Profit margin: 28% (up from 16% in FY 2023).
• EPS: RM0.11 (up from RM0.056 in FY 2023).

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

Bumi Armada Berhad Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 32%.

The primary driver behind last 12 months revenue was the Operations segment contributing a total revenue of RM2.27b (99% of total revenue). The most substantial expense, totaling RM536.1m 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 ARMADA's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to fall by 8.3% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Energy Services industry in Malaysia.

Performance of the Malaysian Energy Services industry.

The company's share price is broadly unchanged from a week ago.

Valuation

It's possible that Bumi Armada Berhad could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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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.