Pharos Energy PLC

LSE:PHAR

United Kingdom / Energy / Oil, Gas & Consumable Fuels

Overview

Dividends

5Y Historical Financials

Stock Price

0.22 GBP


Key Metrics	Latest
Total Revenue	126.8 M
Adjusted EBITDA	83.9 M
EBITDA Margin	66.2%
Net Profit Margin	18.7%
Total Assets	427.3 M
Total Debt	200 K

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	135.00	124.00	184.40	157.40	126.80	126.80	157.40	126.80
% Growth		(0.08)	0.49	(0.15)	(0.19)			(0.19)

Adjusted EBITDA	66.20	73.17	126.10	101.00	83.90	83.90	101.00	83.90
% Margin	0.49	0.59	0.68	0.64	0.66	0.66	0.64	0.66

Adjusted EBIT	(232.10)	57.90	98.90	(19.70)	62.90	62.90	(19.70)	62.90
% Margin	(1.72)	0.47	0.54	(0.13)	0.50	0.50	(0.13)	0.50

Adjusted Net Income	(211.51)	5.44	29.88	(48.80)	23.67	23.67	(48.80)	23.67
% Margin	(1.57)	0.04	0.16	(0.31)	0.19	0.19	(0.31)	0.19

Adjusted Basic EPS	(0.54)	0.01	0.07	(0.11)	0.06	0.06	(0.11)	0.06

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Press Release
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	135	124	184	157	127	127	157	127
% Growth	NA	-8.1%	48.7%	-14.6%	-19.4%			-19.4%

Cost of Revenue	(117)	(105)	(102)	(101)	(81)	(81)	(101)	(81)
Gross Profit	18	20	82	57	46	46	57	46
% Revenue	13.5%	15.7%	44.6%	36.0%	36.4%	36.4%	36.0%	36.4%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(15)	(13)	(10)	(9)	(7)	(7)	(9)	(7)
Other Inc / (Exp)	(240)	39	18	(69)	22	22	(69)	22
Total Operating Exp	(255)	25	8	(78)	15	15	(78)	15

Operating Income	(237)	45	91	(22)	61	61	(22)	61
% Revenue	-175.2%	36.1%	49.1%	-13.7%	48.4%	48.4%	-13.7%	48.4%

Interest Expense	(5)	(6)	(10)	(8)	(1)	(1)	(8)	(1)
Pre-tax Income	(241)	39	81	(29)	61	61	(29)	61
Earnings of Discontinued Ops.	(0)	0	0	0	0	0	0	0
Provision for Taxes	26	(43)	(56)	(20)	(37)	(37)	(20)	(37)
Net Income to Company	(216)	(5)	24	(49)	24	24	(49)	24
% Margin	-159.9%	-3.8%	13.2%	-31.0%	18.6%	18.6%	-31.0%	18.6%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	(216)	(5)	24	(49)	24	24	(49)	24

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	(216)	(5)	24	(49)	24	24	(49)	24
% Margin	-159.7%	-3.8%	13.2%	-31.0%	18.6%	18.6%	-31.0%	18.6%

As Reported
Basic EPS (Continuing Ops)	(0.55)	(0.01)	0.06	(0.11)	0.06	0.06	(0.11)	0.06
Diluted EPS (Continuing Ops)	(0.55)	(0.01)	0.05	(0.11)	0.05	0.05	(0.11)	0.05

WA Basic Shares Out.	395.10	437.80	439.25	427.17	417.02	417.02	427.17	417.02
WA Diluted Shares Out.	395.10	437.80	440.20	427.17	419.70	419.70	427.17	419.70

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	(241)	39	81	(29)	61	61	(29)	61
Addback: Net Interest Expense	5	6	10	8	1	1	8	1
Addback: Other Non Operating Expenses, Total	(1)	(1)	1	2	1	1	2	1
Addback: Depreciation & Amortization	298	15	27	121	21	21	121	21
Addback: Restructuring Charges	(0)	3	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	5	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	(0)	(0)	0	(0)
Addback: Gain (Loss) On Sale Of Assets	0	10	7	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	1	0	1	0	0	0	0	0
Adjusted EBITDA	66	73	126	101	84	84	101	84
% Margin	49.0%	59.0%	68.4%	64.2%	66.2%	66.2%	64.2%	66.2%

Adjusted EBIT	(232)	58	99	(20)	63	63	(20)	63
% Margin	-171.9%	46.7%	53.6%	-12.5%	49.6%	49.6%	-12.5%	49.6%

Adjusted Net Income Reconciliation
Net Income to Company	(216)	(5)	24	(49)	24	24	(49)	24
Addback: Unusual Items	6	14	7	0	0	0	0	0
Less: Tax Benefit of Unusual Items (26%)	(2)	(4)	(2)	0	(0)	(0)	0	(0)
Adjusted Net Income	(212)	5	30	(49)	24	24	(49)	24
% Margin	-156.7%	4.4%	16.2%	-31.0%	18.7%	18.7%	-31.0%	18.7%

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Pharos Energy PLC

LSE:PHAR

United Kingdom / Energy / Oil, Gas & Consumable Fuels

5Y Historical Financials