OPUS GLOBAL (OPUS) Q4 2024 earnings summary

Executive summary

• 2024 marked a year of stabilization and moderate recovery for the Hungarian economy, with OPUS Group strengthening fundamentals and increasing profits despite inflation, war-related challenges, and EU funding uncertainties.

• The Group's diversified portfolio across Industrial Production, Energy, Agriculture and Food Industry, Tourism, and Asset Management provided resilience, allowing better-performing divisions to offset challenges in others.

• Strategic focus shifted from acquisitions to operational efficiency, cost reduction, and process optimization, resulting in new growth opportunities and improved shareholder value.

Financial highlights

• Total operating income for 2024 was HUF 631.43 billion, down 8% year-over-year; operating costs decreased by 8.1%.

• EBITDA reached HUF 88.47 billion, up 0.3% from 2023; operating profit (EBIT) was HUF 40.27 billion, down 5.8%.

• Profit after tax increased by 7.2% to HUF 48.10 billion; total comprehensive income was HUF 50.88 billion.

• Balance sheet total at year-end was HUF 1,064.68 billion, a slight decrease of 0.7% from 2023.

• Equity rose by 7.1% to HUF 380.97 billion; loans and borrowings decreased by 7.1% to HUF 121.24 billion.

• Dividend of HUF 6.7 billion paid (HUF 10.3/share), first in company history; share price increased by over 32% during the year.

Outlook and guidance

• Management remains committed to growth and sustainable profitability, with a focus on efficiency, sustainability, and compliance with new ESG and CSRD reporting standards.

• The Group expects continued resilience from its diversified portfolio and ongoing investments in energy efficiency, sustainability, and digitalization.