Energean Israel has released its unaudited interim condensed consolidated financial statements for the nine months ended September 30, 2023. The company reported revenue of $646,585, with a gross profit of $333,211. Operating profit for the period was $319,811. The company also reported a net profit of $156,927 for the period.
In terms of assets, Energean Israel reported non-current assets of $3,030,401, including property, plant and equipment, intangible assets, and other receivables. Current assets amounted to $396,844, including trade and other receivables, inventories, restricted cash, and cash and cash equivalents.
The company's total equity as of September 30, 2023, was $300,646, with share capital of $1,708, share premium of $212,539, and retained earnings of $86,399. Non-current liabilities amounted to $2,863,516, including senior secured notes, decommissioning provisions, deferred tax liability, and trade and other payables. Current liabilities totaled $263,083, consisting of trade and other payables.
Energean Israel's cash flow from operating activities before working capital was $457,437. The company had cash inflows from operating activities of $375,977 and cash outflows used in investing activities of $143,440. In terms of financing activities, Energean Israel did not provide specific details in the news release.
Overall, Energean Israel reported positive financial results for the nine months ended September 30, 2023, with significant revenue and profit figures. The company's assets and equity remained stable, while its liabilities were primarily in the form of non-current liabilities. The company's cash flow from operating activities was positive, indicating a healthy financial position.