AB Klaipėdos nafta unaudited financial information for the 3 months of 2023
2023年5月22日 - 2:57PM
AB Klaipėdos nafta unaudited financial information for the 3 months
of 2023
AB Klaipėdos nafta (hereinafter – KN, the Company) announces the
unaudited consolidated (hereinafter – the Group) and separate
financial results for the 3 months of 2023.
Key financial indicators:
EUR millions |
Group |
Company |
|
2023 Q1 |
2022 Q1 |
2023 Q1 |
2022 Q1 |
Revenue |
22.2 |
17.9 |
21.4 |
17.1 |
EBITDA |
9.8 |
8.4 |
9.5 |
8.0 |
Net profit (loss) |
6.6 |
(2.8) |
6.4 |
(3.1) |
Adjusted net profit (loss) |
2.6 |
1.4 |
2.4 |
1.1 |
Management comment:
Revenue from oil terminals for Q1 of 2023
amounts to EUR 7.8 million and is higher by 21.9% compared to the
same period in 2022 (EUR 6.4 million). Revenue was highly impacted
by 98.0% higher revenue from rent of storage tanks. While biofuels
transshipment volumes remained stable in comparison with Q1 2022,
the demand for biofuels storage services led to nearly 2 times
bigger revenue from biofuels segment, where ethanol was the main
driver. Moreover, during 2023 Q1 KN continued to participate in the
logistics chain of fuel oil supply to “Vilnius šilumos tinklai”
contributing to the lower municipality heating prices and energy
security during the cold season.
Regulated LNG activities revenue for Q1 of 2023
reached EUR 12.7 million and is higher by EUR 2.5 million or 24.5%
compared to the same period in 2022 (EUR 10.2 million). The main
reasons: (1) higher regasification revenue by EUR 11.2 million due
to increased demand and regasification tariff from 0.41 EUR/MWh to
1.41 EUR/MWh; (2) higher revenue by EUR 0.1 million due to the
higher amount of reloaded LNG; (3) lower revenue from the fixed
part of LNG regasification service fee by EUR 7.7 million due to
implemented LNG terminal capacity allocation and tariffication
model when KN part in security supplement from May 2022 was
decreased to 0 EUR/MWh/day/year; (4) received revenue related to
the natural gas consumer’s liability for previous periods after the
court decision in amount of EUR 1.1 million in 2022.
Revenue from commercial LNG activities for Q1 of
2023 amounts to EUR 1.6 million and is higher by 23.1% compared to
the same period in 2022 (EUR 1,3 million). Commercial LNG
activities consist of business development projects including LNG
terminal operator services provided at the Port of Açu terminal in
Brazil and LNG reloading station in Klaipėda.
During Q1 of 2023, the same as during 2022, the
Group‘s and the Company‘s net profit (loss) was significantly
affected by unrealized currency exchange result and by the
reduction of LNG security supplement from 1 January 2020 by EUR
26.8 million per annum. The unrealized impact of exchange rates
arose from the 1 January 2019 under the requirements of IFRS
16 “Lease”, according to which the Company recognizes finance lease
obligations and the major part of them is denominated in US
dollars. Whereas all US dollar denominated lease liabilities relate
to LNG terminal, the effect of unrealized exchange rate is
reflected in the regulated segment.
Enclosed:
- Condensed Consolidated and Separate Financial Statements of AB
Klaipėdos nafta for 3 months period ended 31 March 2023.
- Presentation of the unaudited financial results of the Group
for Q1 of 2023.
Mindaugas Kvekšas, Chief Financial Officer, +370 46 391772
- AB Klaipėdos nafta IFRS Q1 2023
- KN_activity results for_2023_Q1
Klaipedos Nafta Ab (LSE:0J1K)
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Klaipedos Nafta Ab (LSE:0J1K)
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から 5 2023 まで 5 2024