Energean Israel Limited (LSE:ENOG) reported revenue of $481.3 million for the six months ended 30 June 2026, broadly unchanged from the prior-year period, while gross profit increased to $231.5 million.
Net profit for the period was $101.0 million, compared with $100.5 million a year earlier. Total comprehensive income declined to $98.0 million, primarily reflecting a change to a loss on cash flow hedges.
Total assets increased to $3.85 billion at the end of the period, with the rise driven by higher property, plant and equipment. Cash and cash equivalents increased to $213.8 million, nearly double the prior comparative level.
Cash generated from operating activities was $314.3 million during the first half.
Total equity increased to $465.3 million as retained earnings rose during the period. Energean Israel also paid a dividend of $39.0 million.
Borrowings stood at $2.77 billion at 30 June 2026, reflecting the financing associated with the company’s operations and infrastructure.
More about Energean Israel
Energean Israel Limited is a subsidiary of Energean PLC focused on the exploration, production and commercialisation of natural gas and hydrocarbon liquids.
Its operations are concentrated in Israel’s offshore energy sector and are conducted through an Israeli branch. The company was incorporated in Cyprus in 2014 and has subsequently become tax resident in the UK.
Energean Israel’s asset base includes property, plant and equipment and infrastructure associated with its offshore natural gas operations.
Leave a Reply