Puma Energy: Announces Q3 2024 Results

Puma Energy today announced its financial results for the three months ending 30 September 2024.
The Company delivered a net profit of USD 20 million in Q3 2024, excluding the impacts of IFRS 16.
During the quarter, we achieved an EBITDA of $88 million, compared to $92 million in the previous quarter. Our core regions and segments have demonstrated a stable performance, with steady gross profits generated in our Retail and Commercial segments. We have also seen improved performance in our Aviation and Bitumen business year over year and compared to the previous quarter.
The EBITDA performance was impacted by a one-off onerous contract provision of $28 million related to the exit of our United Kingdom (UK) business.
Our cash flow from operations decreased during Q3 2024, primarily driven by a working capital outflow resulting from the exit of the UK business and the timing of payables between quarters.
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Puma Energy
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