Summary Financials

Annual overview
Quarterly overview

Annual overview

In millions of US$ (unless otherwise indicated)	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Titled Production (boepd)	46,178	44,400	40,391	40,351	39,199	31,254	28,540	22,337	17,032	13,200	10,091	14,935
Revenue	895.0	781.9	448.9	348.0	405.5	389.9	322.1	175.9	195.3	199.7	119.6	137.1
EBITDA⁽¹⁾	551.5	494.7	229.4	194.3	232	231.3	199.5	80.4	112.5	115.7	42.1	48.9
EBITDA margin	61.6%	63.3%	51.0%	56.0%	57.2%	59.3	61.9%	45.7%	57.6%	57.9%	35.2%	35.7%
Net cash from / (used in) operating activities ⁽²⁾	358.6	349.1	153.3	206.5	182.6	214.0	196.8	82.7	117.4	102.2	(2.2)	33.1
Net cash from / (used in) in investing activities ⁽²⁾	(239.0)	(304.5)	(245.3)	(204.8)	(192.2)	(172.0)	(120.4)	(40.1)	(19.8)	(15.8)	(28.1)	(26.5)
Cash and cash equivalents	244.1	400.4	165.6	101.1	127	121.8	93.9	78.6	165.2	233.6	161.7	150.4
Escrow account / DSRA ⁽³⁾	-	-	-	-	-	-	-	12.9	22.7	22.8	16.5	16.8
Total debt	628.4	945.1	951.5	959.0	1,087.9	1,129.6	1,136.1	1,186.3	1,290	1,397	472	571.4
Net debt ⁽⁴⁾	384.3	544.7	785.9	857.9	960.9	1,007.8	1,042.2	1,094.8	1,101.7	1,140.1	293.5	404.2
Non-current assets	1,426.0	1,698.6	1,854.1	1,919.1	2,043.40	1,992.4	673.1	371.8	352	309	303	403.2
Total assets	1,760.8	2,208.2	2,188.4	2,106.5	2,265.10	2,199.5	846.3	505.4	565	590	519	606.0
Equity	832.5	917.7	773.8	692.0	669.6	557.0	(432.1)	(759.8)	(823)	(940)	(66)	(92.5)
Debt/equity	0.8x	1.0x	1.2x	1.4x	1.6x	2.0x	(2.6)x	(1.6)x	(1.6)x	(1.5)x	(7.2)x	(6.2)x
Net debt/EBITDA	0.7x	1.1x	3.4x	4.4x	4.1x	4.4x	5.2x	13.8 x	10.0 x	10.1x	7.4x	8.3x
Consolidated financials

⁽¹⁾ EBITDA is defined as profit / (loss) before tax, depreciation, depletion and amortisation, share-based compensation, foreign exchange gains / losses, finance costs, interest income, other income, other expenses, and one-off items.
⁽²⁾ IFRS terminology based on the indirect method of cash flow reporting
⁽³⁾ Debt service retention account (DSRA) is applicable for 2023 onwards. Both the DSRA and the escrow accounts are included within restricted cash in the financials.
⁽⁴⁾ Net debt is defined as total debt (notes payable and accumulated interest) less cash and cash equivalents and the escrow account / DSRA.

Quarterly overview

In millions of US$ (unless otherwise indicated)	Q4 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Revenue	52.60	60.2	47.6	47.7	44.1	17.3	35.5	36.0	30.8	31.8	33.5	36.1	35.7
EBITDA ⁽¹⁾	28.40	40.5	28.4	26.0	20.8	4.6	10.9	17.5	9.1	10.6	11.7	12.4	14.2
EBITDA margin	54.0%	67.3%	60.0%	54.5%	47.2%	26.4%	30.8%	48.7%	29.5%	33.3%	35.1%	34.3%	39.7%
Net cash from / (used in) operating activities ⁽²⁾	32.0	22.8	36.0	11.2	32.2	(20.8)	1.8	13.7	3.1	2.2	2.1	19.1	9.8
Net cash from / (used in) investing activities ⁽²⁾	(5.5)	(4.0)	(2.8)	(3.8)	(5.1)	5.4	4.9	(33.5)	(4.8)	(6.3)	(8.9)	(5.8)	(5.4)
Cash and cash equivalents	165.2	180.8	208.7	210.2	233.6	191.8	192.0	171.7	161.7	157.6	142.5	155.2	150.4
Escrow account / DSRA ⁽³⁾	22.7	22.7	22.7	22.7	22.8	14.4	8.1	16.3	16.5	16.5	16.8	16.8	16.8
Total debt	1290	1,316	1,344	1,370.0	1,396.5	430.0	454.9	471.0	471.7	500.3	518.6	549.0	571.4
Net debt ⁽⁴⁾	1,102	1,113	1,112	1,137.1	1,140.1	223.9	254.8	283.0	293.5	326.2	359.3	377.0	404.2
Non-current assets	352	342	332	324	309	294	281	303	303	305.7	308.7	310.4	403.2
Total assets	565	587	596	603	590	537	522	531	519	525.9	520.4	524.3	606.0
Equity	(823)	(837)	(858)	(881)	(940)	(5.3)	(39.9)	(64.5)	(65.7)	(93.6)	(113.8)	(142.6)	(92.5)
Debt/equity	(1.6)x	(1.6)x	(1.6)x	(1.6)x	(1.5)x	(81.4)x	(11.4)x	(7.3)x	(7.2)x	(5.3)x	(4.6)x	(3.9)x	(6.2)x
PDF version

Financial Summary

A five-year summary of the main financial items is available in Nostrum’s Annual Report 2024 (see the “Strategic Report” section) available in PDF or print formats via the home page of the Nostrum website.