Appendix 4E

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.