Enaex (ENAEX) Q4 2024 earnings summary

Executive summary

• Revenue increased to $1,916,021 thousand for the year ended December 31, 2024, up from $1,848,440 thousand year-over-year.

• Net income rose to $174,199 thousand in 2024, compared to $166,899 thousand in 2023.

• The group continued global expansion, including acquisitions in Australia, Africa, and Europe.

Financial highlights

• Gross profit reached $460,840 thousand in 2024, up from $451,948 thousand in 2023.

• Operating income was $266,777 thousand, compared to $257,369 thousand year-over-year.

• Cash and cash equivalents at year-end were $252,567 thousand, up from $244,571 thousand.

• Total assets stood at $1,882,271 thousand as of December 31, 2024.

• Total liabilities decreased to $981,441 thousand from $1,020,275 thousand year-over-year.

Outlook and guidance

• The company is positioned as a leading global supplier of ammonium nitrate and blasting services, with ongoing international expansion.