Key Market Drivers
Key market drivers
|
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Brent Crude price ($/bbl) |
55 |
45 |
55 |
72 |
64 |
42 |
71 |
101 |
83 |
81 |
69 |
|
€/$ Exchange Rate |
1.15 |
1.10 |
1.13 |
1.18 |
1.12 |
1.14 |
1.18 |
1.05 |
1.08 |
1.08 |
1.13 |
|
Med FCC Benchmark Margin ($/bbl) |
3.72 |
1.58 |
3.33 |
3.43 |
2.13 |
0.13 |
5.65 |
13.60 |
8.44 |
3.75 |
6.50 |
|
Med Hydroskimming Benchmark Margin ($/bbl) |
1.13 |
-0.37 |
1.53 |
2.02 |
1.19 |
2.25 |
2.89 |
2.30 |
1.92 |
-0.66 |
1.40 |
Statement of Comprehensive Income
Comprehensive income
|
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Sales |
7,303 |
6,613 |
7,995 |
9,769 |
8,857 |
5,782 |
9,222 |
14,508 |
12,803 |
12,768 |
11,615 |
|
Adjusted EBITDA |
758 |
731 |
834 |
730 |
572 |
333 |
401 |
1,601 |
1,237 |
1,026 |
1,132 |
|
Operating profit |
245 |
632 |
662 |
514 |
341 |
(501) |
400 |
1,413 |
736 |
475 |
395 |
|
Net financing cost |
(201) |
(201) |
(165) |
(146) |
(116) |
(104) |
(96) |
(105) |
(122) |
(119) |
(110) |
|
Profit for the year (attributable to owners of the parent) |
47 |
330 |
381 |
212 |
161 |
(396) |
337 |
890 |
478 |
60 |
173 |
|
Adjusted Net Income |
268 |
265 |
372 |
296 |
185 |
5 |
140 |
1,006 |
606 |
401 |
503 |
|
DPS* |
– |
0.20 |
0.40 |
0.75 |
0.50 |
0.10 |
0.40 |
1.15 |
0.90 |
0.75 |
0.60 |
Statement of Cash Flows
Cash flows
|
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Net cash generated from operating activities |
460 |
(334) |
443 |
503 |
486 |
450 |
270 |
624 |
965 |
700 |
667 |
|
Net cash used in investing activities |
(136) |
(116) |
(185) |
138 |
(218) |
(277) |
(376) |
(227) |
(239) |
(405) |
(487) |
|
Net cash generated from financing activities |
(74) |
(589) |
(300) |
(389) |
(458) |
(47) |
(61) |
(552) |
(702) |
(596) |
72 |
|
Net increase/(decrease) in cash & cash equivalents |
250 |
(1,039) |
(42) |
397 |
(189) |
125 |
(167) |
(155) |
25 |
(302) |
252 |
Statement of Financial Position
Financial Position
|
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
|
Total Assets |
8,029 |
7,189 |
7,160 |
6,989 |
7,092 |
6,775 |
7,832 |
8,562 |
8,108 |
7,754 |
8,567 |
|
Non-current assets |
4,506 |
4,282 |
4,282 |
3,903 |
4,146 |
4,283 |
4,406 |
4,950 |
4,768 |
4,800 |
5,202 |
|
Cash and cash equivalents |
2,108 |
1,082 |
1,019 |
1,275 |
1,088 |
1,203 |
1,053 |
900 |
919 |
618 |
858 |
|
Non-current liabilities |
1,768 |
1,879 |
1,220 |
2,044 |
2,227 |
2,584 |
2,045 |
2,048 |
1,981 |
2,776 |
3,448 |
|
Long term borrowings |
1,598 |
1,456 |
920 |
1,627 |
1,610 |
2,131 |
1,517 |
1,433 |
1,388 |
2,169 |
2,777 |
|
Short term borrowings |
1,633 |
1,386 |
1,900 |
1,109 |
1,022 |
745 |
1,474 |
1,409 |
1,158 |
241 |
221 |
|
Net Debt |
1,122 |
1,759 |
1,800 |
1,460 |
1,543 |
1,672 |
1,938 |
1,942 |
1,627 |
1,792 |
2,139 |
|
Total Equity |
1,790 |
2,142 |
2,372 |
2,395 |
2,327 |
1,849 |
2,129 |
2,727 |
2,946 |
2,762 |
2,728 |
|
Capital Employeed |
2,913 |
3,903 |
4,173 |
3,855 |
3,869 |
3,521 |
4,067 |
4,669 |
4,573 |
4,554 |
4,867 |