See more : Pratik Panels Limited (PRATIK.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Petrofac Limited (POFCY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Petrofac Limited, a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Petrofac Limited (POFCY)
About Petrofac Limited
Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES). The E&C segment provides onshore and offshore engineering, procurement, construction, installation, and commissioning services. The Asset Solutions segment offers concept, feasibility, and front-end engineering design services, as well as manages and maintains onshore and offshore operations. The IES segment provides an integrated services for clients under flexible commercial models that are aligned with their requirements. Petrofac Limited was founded in 1981 and is based in St Helier, Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.50B | 2.59B | 3.06B | 4.08B | 5.53B | 5.83B | 6.40B | 7.87B | 6.84B | 6.24B | 6.33B | 6.32B | 5.80B | 4.35B | 3.66B | 3.33B | 2.44B | 1.86B | 1.49B | 951.53M | 628.70M | 391.40M |
| Cost of Revenue | 2.68B | 2.67B | 2.88B | 3.80B | 4.91B | 5.11B | 5.63B | 7.14B | 6.43B | 5.25B | 5.17B | 5.25B | 4.84B | 3.60B | 3.04B | 2.78B | 2.03B | 1.59B | 1.32B | 829.08M | 554.20M | 335.91M |
| Gross Profit | -188.00M | -76.00M | 178.00M | 279.00M | 621.00M | 719.00M | 767.00M | 734.00M | 412.00M | 996.00M | 1.16B | 1.08B | 959.78M | 759.07M | 617.18M | 552.88M | 410.48M | 270.41M | 160.55M | 122.45M | 74.50M | 55.49M |
| Gross Profit Ratio | -7.53% | -2.93% | 5.82% | 6.84% | 11.23% | 12.33% | 11.99% | 9.32% | 6.02% | 15.96% | 18.25% | 17.01% | 16.55% | 17.43% | 16.88% | 16.61% | 16.82% | 14.51% | 10.81% | 12.87% | 11.85% | 14.18% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 77.00M | 64.00M | 65.00M | 51.00M | 70.00M | 65.00M | 67.00M | 68.00M | 102.00M | 121.00M | 111.00M | 102.00M | 78.00M | 0.00 | 0.00 | 0.00 | 0.00 | -33.12M | 3.13M | 58.83M | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 65.00M | 51.00M | 70.00M | 65.00M | 67.00M | 68.00M | 102.00M | 121.00M | 111.00M | 102.00M | 78.00M | 0.00 | 0.00 | 0.00 | 0.00 | 34.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 77.00M | 64.00M | 65.00M | 51.00M | 70.00M | 65.00M | 67.00M | 68.00M | 102.00M | 121.00M | 111.00M | 102.00M | 78.00M | 0.00 | 0.00 | 0.00 | 0.00 | 1.17M | 3.13M | 58.83M | 0.00 | 0.00 |
| Other Expenses | 155.00M | 0.00 | 1.00M | 12.00M | 16.00M | 12.00M | 3.00M | 3.00M | 9.00M | 5.00M | 1.00M | 5.00M | 2.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 232.00M | 142.00M | 149.00M | 171.00M | 210.00M | 221.00M | 244.00M | 236.00M | 331.00M | 393.00M | 378.00M | 343.00M | 275.91M | 218.48M | 179.97M | 186.35M | 164.93M | 116.45M | 71.30M | 54.17M | 49.23M | 20.21M |
| Cost & Expenses | 2.92B | 2.81B | 3.03B | 3.97B | 5.12B | 5.33B | 5.87B | 7.38B | 6.76B | 5.64B | 5.55B | 5.59B | 5.12B | 3.81B | 3.22B | 2.96B | 2.19B | 1.71B | 1.40B | 883.25M | 603.43M | 356.12M |
| Interest Income | 6.00M | 7.00M | 6.00M | 9.00M | 13.00M | 14.00M | 7.00M | 3.00M | 1.00M | 2.00M | 1.00M | 5.00M | 7.88M | 10.21M | 11.94M | 16.69M | 18.26M | 9.30M | 3.19M | 2.00M | 1.07M | 1.64M |
| Interest Expense | 119.00M | 98.00M | 44.00M | 37.00M | 54.00M | 77.00M | 80.00M | 99.00M | 101.00M | 79.00M | 28.00M | 5.00M | 4.30M | 3.49M | 3.48M | 4.13M | 7.01M | 6.76M | 7.89M | 7.54M | 1.05M | 724.46K |
| Depreciation & Amortization | 83.00M | 80.00M | 69.00M | 89.00M | 135.00M | 146.00M | 178.00M | 193.00M | 200.00M | 244.00M | 238.00M | 130.00M | 80.09M | 95.90M | 117.78M | 33.04M | 44.07M | 28.81M | 27.28M | 27.89M | 11.06M | 4.33M |
| EBITDA | -324.00M | -144.00M | -141.00M | -63.00M | 364.00M | 309.00M | 285.00M | 374.00M | -43.00M | 494.00M | 1.03B | 874.00M | 764.78M | 767.79M | 559.58M | 395.54M | 311.44M | 206.94M | 115.86M | 95.69M | 33.64M | 29.00M |
| EBITDA Ratio | -12.98% | -4.79% | 3.60% | 6.03% | 9.64% | 10.62% | 10.18% | 8.61% | 4.35% | 13.97% | 16.69% | 13.82% | 13.18% | 14.75% | 15.44% | 12.57% | 12.66% | 10.49% | 7.80% | 10.32% | 3.37% | 7.40% |
| Operating Income | -420.00M | -217.00M | -130.00M | -148.00M | 220.00M | 159.00M | 104.00M | 186.00M | -252.00M | 221.00M | 771.00M | 766.00M | 682.88M | 663.45M | 431.96M | 355.59M | 248.50M | 171.12M | 88.60M | 68.28M | 37.75M | 35.30M |
| Operating Income Ratio | -16.83% | -8.38% | -4.25% | -3.63% | 3.98% | 2.73% | 1.63% | 2.36% | -3.68% | 3.54% | 12.18% | 12.11% | 11.77% | 15.24% | 11.82% | 10.68% | 10.18% | 9.18% | 5.96% | 7.18% | 6.00% | 9.02% |
| Total Other Income/Expenses | -106.00M | -104.00M | -59.00M | -23.00M | -28.00M | -52.00M | -59.00M | -86.00M | -83.00M | -50.00M | 18.00M | 7.00M | -3.00M | 127.64M | 6.36M | 2.78M | 9.73M | 553.92K | -5.26M | -5.55M | -16.21M | -11.35M |
| Income Before Tax | -526.00M | -321.00M | -189.00M | -171.00M | 192.00M | 107.00M | 45.00M | 100.00M | -335.00M | 171.00M | 789.00M | 765.00M | 680.57M | 668.40M | 438.32M | 358.37M | 258.23M | 173.25M | 83.35M | 62.74M | 21.53M | 23.95M |
| Income Before Tax Ratio | -21.07% | -12.39% | -6.18% | -4.19% | 3.47% | 1.84% | 0.70% | 1.27% | -4.89% | 2.74% | 12.47% | 12.10% | 11.73% | 15.35% | 11.99% | 10.76% | 10.58% | 9.30% | 5.61% | 6.59% | 3.42% | 6.12% |
| Income Tax Expense | -3.00M | 16.00M | 3.00M | 18.00M | 126.00M | 46.00M | 72.00M | 86.00M | 9.00M | 31.00M | 142.00M | 135.00M | 140.98M | 110.54M | 84.52M | 93.38M | 69.52M | 51.34M | 7.95M | 16.70M | 2.58M | 2.19M |
| Net Income | -505.00M | -310.00M | -195.00M | -180.00M | 73.00M | 64.00M | -29.00M | 1.00M | -349.00M | 120.00M | 650.00M | 632.00M | 540.00M | 557.82M | 353.60M | 264.99M | 188.72M | 120.33M | 74.58M | 32.92M | 22.12M | 22.07M |
| Net Income Ratio | -20.23% | -11.96% | -6.38% | -4.41% | 1.32% | 1.10% | -0.45% | 0.01% | -5.10% | 1.92% | 10.27% | 9.99% | 9.31% | 12.81% | 9.67% | 7.96% | 7.73% | 6.46% | 5.02% | 3.46% | 3.52% | 5.64% |
| EPS | -0.49 | -0.30 | -0.27 | -0.26 | 0.10 | 0.09 | -0.04 | 0.00 | -0.49 | 0.17 | 0.92 | 0.89 | 0.76 | 0.79 | 0.50 | 0.37 | 0.26 | 0.17 | 0.12 | 0.05 | 0.03 | 0.03 |
| EPS Diluted | -0.49 | -0.30 | -0.27 | -0.26 | 0.10 | 0.09 | -0.04 | 0.00 | -0.49 | 0.17 | 0.91 | 0.88 | 0.76 | 0.78 | 0.50 | 0.37 | 0.26 | 0.17 | 0.11 | 0.04 | 0.03 | 0.03 |
| Weighted Avg Shares Out | 1.04B | 1.03B | 724.00M | 701.22M | 699.14M | 703.30M | 707.47M | 707.47M | 707.47M | 709.55M | 709.55M | 707.47M | 705.39M | 705.11M | 702.21M | 706.60M | 712.14M | 715.80M | 632.85M | 726.78M | 718.20M | 718.20M |
| Weighted Avg Shares Out (Dil) | 1.04B | 1.03B | 724.00M | 701.22M | 713.71M | 717.87M | 707.47M | 713.71M | 707.47M | 715.79M | 715.79M | 713.71M | 713.71M | 714.46M | 713.00M | 715.08M | 719.03M | 718.12M | 717.46M | 849.53M | 718.20M | 718.20M |
Petrofac Plans to Undergo Financial Restructuring to Boost Liquidity
POFCY's financial restructuring plan to convert a significant portion of its debt into equity is a significant step toward strengthening the company's balance sheet.
UK's Petrofac plummets as half-yearly losses surge
Shares of British oilfield services provider Petrofac dropped 33% on Monday after the company reported a bigger half-yearly losses, amid difficulties in closing legacy contracts in its biggest division.
Petrofac extends forbearance agreement with some of its debtholders
Petrofac (Petrofac Limited (LSE:PFC)) told investors it extended a forbearance agreement, with 47% of holder of a senior secured notes, which allows it more time to work on its ongoing financial restructuring. The consenting noteholders agree not to take any...
Petrofac shares rally despite 'fragile financial state' warning
Petrofac Limited's (LSE:PFC) rollercoaster year saw the shares rally as they returned from suspension after it published its accounts for 2023. Net debt at the end of December was confirmed at US$583 million after losses for the year of US$506 million...
Petrofac shares to be suspended as results delayed
Petrofac Limited (LSE:PFC) has announced shares will be suspended from trading from next month as the company delays publishing full-year results on the back of ongoing pressure. Results are now expected to be published on May 31, with shares being suspended...
Petrofac shares to be suspended as results delayed
Petrofac Limited (LSE:PFC) has announced shares will be suspended from trading from next month as the company delays publishing full-year results on the back of ongoing pressure. Results are now expected to be published on May 31, with shares being suspended...
BP Extends Petrofac's (POFCY) Contract for North Sea Operations
Petrofac (POFCY) has stated that it would be rendering maintenance and engineering services to BP???s (BP) oil and gas assets in the U.K. North Sea.
Petrofac shares plummet as financing uncertainties continue
Petrofac Limited (LSE:PFC) shares fell more than 20% in Friday's early deals after it updated investors on its ongoing strategic and financial restructuring efforts. The company is currently engaged in discussions with its lenders to convert a significant portion of...
Petrofac shares plummet as financing uncertainties continue
Petrofac Limited (LSE:PFC) shares fell more than 20% in Friday's early deals after it updated investors on its ongoing strategic and financial restructuring efforts. The company is currently engaged in discussions with its lenders to convert a significant portion of...
Petrofac shares rally as it lands new $200mln contract in Turkmenistan
Petrofac Limited (LSE:PFC) shares climbed 11% in Friday's early deals after the offshore engineer and oil services firm announced a new contract worth over $200 million. It is a three-year deal to provide personnel, technical support, procurement services, and implement...
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