Elridge Energy Holdings Berhad Full Year 2024 Earnings: Beats Expectations

Elridge Energy Holdings Berhad (KLSE:ELRIDGE) Full Year 2024 Results

Key Financial Results

• Revenue: RM389.1m (up 16% from FY 2023).
• Net income: RM41.2m (up 75% from FY 2023).
• Profit margin: 11% (up from 7.0% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: RM0.021.

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

Elridge Energy Holdings Berhad Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%.

In the last 12 months, the only revenue segment was Specialty Chemicals contributing RM389.1m. Notably, cost of sales worth RM307.4m amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to RM22.1m (54% of total expenses). Explore how ELRIDGE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 1.7% decline forecast for the Oil and Gas industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Elridge Energy Holdings Berhad that you need to be mindful of.

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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.