OPUS GLOBAL (OPUS) Q3 2024 earnings summary

Executive summary

• Consolidated balance sheet total at HUF 1,024.1 billion, equity at HUF 357.7 billion, and total comprehensive income of HUF 31.6 billion for Q3 2024.

• EBITDA rose 4.1% year-over-year to HUF 68.4 billion, with 67% from Industrial Production and Energy divisions.

• Profit after tax was HUF 30.4 billion, nearly unchanged from the previous year.

• Cost reductions outpaced revenue declines, supporting higher EBITDA margins across divisions.

• The group maintained financial stability with a healthier asset structure and reduced liabilities.

Financial highlights

• Total operating income for Q1-Q3 2024 was HUF 448.9 billion, down 12.1% year-over-year.

• Operating costs decreased by 12.9% to HUF 417.0 billion.

• EBIT was HUF 31.85 billion, up 0.1% year-over-year; EBITDA reached HUF 68.38 billion, up 4.1%.

• Net financial income dropped 15.2% to HUF 3.39 billion.

• Profit before tax was HUF 35.24 billion; profit after tax was HUF 30.45 billion.

• Cash and cash equivalents decreased by 24.9% to HUF 186.1 billion.

Outlook and guidance

• The group expects continued financial stability, with a focus on cost management and efficiency.

• Ongoing investments in core divisions and asset optimization are expected to support future growth.