1H 2023 Update & Highlights
1H 2023 FINANCIAL RESULTS
Supplementary financial information and bridge from IFRS to Proportionate results
USD in millions
Proportionate
1H 2022
1H 2023
252
1H 2023 Revenue (IFRS vs Proportionate) - USD in millions
39
(7)
284
Total revenue
231.9
283.8
Operating expenses
(65.8)
(87.4)
EBITDA
166.1
196.4
Depreciation & amortisation
(92.7)
(108.6)
Pro Forma
JP JVS & PH Associates
TH (30%)
Proportionate
EBIT
73.4
87.8
Net finance costs
(49.3)
(52.3)
1H 2023 EBITDA (IFRS vs Proportionate) - USD in millions
Other finance gain (charge)
(43.3)
(7.6)
36
196
Other expenses/impairment
1.1
0.6
167
(7)
Development expense
(1.3)
(1.8)
Tax
(5.5)
(4.6)
Net Income (Loss)
(24.9)
22.1
Pro Forma
JP JVS & PH Associates
TH (30%)
Proportionate
VENA
ENERGY
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