KAR.ASX: Appendix 4E

Appendix 4E

Stock	Karoon Energy Ltd (KAR.ASX)
Release Time	27 Feb 2025, 9:53 a.m.
Price Sensitive	Yes

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Karoon Energy Ltd Reports FY2024 Results

Key Points

Revenue up 88% to US$776.5 million
Net profit after tax up 4% to US$127.5 million
Underlying net profit after tax up 48% to US$214.0 million
Final dividend of 5.0 AUD cents per share declared

Full Summary

Karoon Energy Ltd has released its Appendix 4E for the 12 months ended 31 December 2024. The company reported a significant increase in revenue, up 88% to US$776.5 million compared to the previous corresponding period. Net profit after tax (NPAT) attributable to members increased by 4% to US$127.5 million, while underlying NPAT, a non-IFRS measure, grew by 48% to US$214.0 million. The company's net tangible asset backing per ordinary share increased from US$1.02 to US$1.22. No controlled entities were acquired or disposed of during the current or previous corresponding period. The directors have resolved to pay a final dividend of 5.0 AUD cents per share, with no dividends declared or paid in the previous corresponding period.