Financial Highlights
GROUP
| US$ million | FY2023 | FY2022 |
|---|---|---|
| Revenue from sale of crude oil | 207,015 | 170,259 |
| Adjusted EBITDA# | 93,817 | 61,654 |
| (Loss)/profit for the year, net of taxx | (69,362) | 353 |
| Total comprehensive loss for the year, net of tax | (71,847) | (4,704) |
| Loss per share (US cents) | (4.91) | (0.08) |
Press Release:
Rex reports increased revenue and strong EBITDA in FY2023
Announcement:
Condensed Interim Financial Statements For The Six Months And Full Year Ended 31 December 2023
| US$'000 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|
| Non-current assets | 403,500 | 427,964 |
| Current assets | 209,723 | 240,594 |
| Total assets | 613,223 | 668,558 |
| Non-current liabilities | 365,245 | 336,169 |
| Current liabilities | 133,211 | 143,906 |
| Total liabilities | 498,456 | 480,075 |
| Net asset value ("NAV")* | 114,767 | 188,483 |
| Total equity | 114,767 | 188,483 |
| NAV per share (US cents) | 8.81 | 14.47 |
# Adjusted EBITDA = Earnings – depletion of oil & gas properties – depreciation – amortisation of intangibles – taxes – interest expense and income – impairment loss on exploration & evaluation assets – impairment loss on oil & gas properties – impairment of goodwill
* Net asset value as disclosed above includes non-controlling interests