Savannah Energy Plc has announced its unaudited results for the year ended December 31, 2024. The FY 2024 unaudited results show a total income of $393.8 million, compared to $289.8 million in FY 2023. This comprises of total revenues of $258.9 million, compared to $260.9 million in FY 2023, and other operating income of $134.9 million, compared to $28.9 million in FY 2023.
The results also show that Savannah Energy achieved or exceeded its previously issued financial guidance for the year, with its total revenues as of December 31, 2024 standing at $258.9 million, 6 percent ahead of previously issued guidance of greater than $245 million.
Likewise, its operating and administrative expenses for the year came to $71.0 million, 5percent below previous guidance of up to $75.0 million, with its capital expenditure at $23.1 million, well below the previously issued guidance of up to $50 million due to the phasing of spend.
