Energean Israel Limited has released its unaudited interim condensed consolidated financial statements for the first half of 2023. The company reported a revenue of $347,743, with a gross profit of $169,666. Administrative expenses amounted to $9,048, while exploration and evaluation expenses were $50. Other expenses were $1,074, and other income was $53. The operating profit for the period was $160,568. Financial income was $1,044, financial expenses were $67,569, and the net profit for the period before tax was $88,465. The company also reported a taxation expense of $20,215, resulting in a net profit for the period of $68,250.

In terms of the company's financial position, as of June 30, 2023, Energean Israel Limited had non-current assets totaling $3,041,228. This included property, plant and equipment amounting to $2,873,206, intangible assets of $156,689, and other receivables of $8,506. The company also had a deferred tax asset of $2,827. Current assets amounted to $183,877, including trade and other receivables of $97,381, inventories of $13,327, restricted cash of $8,481, and cash and cash equivalents of $64,688. The total assets of the company were $3,225,105.

In terms of equity and liabilities, the company had a total equity of $211,969. This included share capital of $1,708, share premium of $212,539, and retained losses of $2,278. Non-current liabilities amounted to $2,145,955, including senior secured notes of $1,852,685, decommissioning provisions of $87,400, and trade and other payables of $205,870. Current liabilities totaled $867,181, including the current portion of senior secured notes of $622,225 and trade and other payables of $244,956. The total liabilities of the company were $3,013,136.

The company's interim condensed consolidated statement of changes in equity showed a balance of $143,719 as of January 1, 2023. The profit for the period resulted in an increase in equity to $211,969 as of June 30, 2023.

In terms of cash flows, the company reported net cash inflows from operating activities of $172,218. This included adjustments to reconcile loss before taxation, depreciation, depletion and amortization, and finance income and expenses. The company also reported net cash outflows used in investing activities of $62,694, which included payments for exploration and evaluation, and other intangible assets, as well as the purchase and disposal of property, plant and equipment. Financing activities included interest paid on senior secured notes and other finance costs.

Overall, Energean Israel Limited reported positive financial results for the first half of 2023, with a net profit for the period and positive cash flows from operating activities. The company's financial position remained stable, with a strong balance sheet and a healthy level of equity.