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Ithaca Energy plc

Ithaca Energy plc

ITH.L
Ithaca Energy plcGB flagLondon Stock Exchange
219.00
GBp
+0.20
- -
3.61BMarket Cap
Ithaca Energy plc
ITH.L
(London Stock Exchange)

Recent

price

219.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.54
1.1
1.42
2.59
2.3
1.7
1.79
1.79
Revenue per Share
-0.02
-0.45
0.42
1.03
0.29
0.13
-0.05
-0.05
Basic EPS, GAAP
0.28
0.73
0.91
1.71
1.28
0.73
1.06
1.05
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.26
0.37
0.3
0.3
Dividend per Share
0.2
-0.25
0.17
1.95
1.97
1.47
0.69
0.69
Book Value per Share
0.05
-0.18
-0.05
1.66
1.73
1.64
0.75
0.75
Tangible Book Value per Share
1,005
1,005
1,005
1,005
1,007
1,164
1,649
1,648
Basic Weighted Avg Shares
538
1,108
1,428
2,598
2,320
1,982
2,946
2,946
Sales/Revenue/Turnover
13.9
22.46
34.68
43.83
38.12
35
36.01
37.21
Operating Margin (%)
235
373
456
663
740
600
841
841
Depreciation Expense
-24
-456
426
1,032
293
153
-84
-84
Net Income, GAAP
- -
- -
27.1
53.96
3.14
54.2
110.01
110.03
Effective Tax Rate (%)
-4.39
-41.15
29.83
39.7
12.61
7.73
-2.85
-2.86
Profit Margin (%)
-93
-123
-946
-262
-226
-456
-304
-304
Working Capital
2,253
1,842
955
1,231
719
1,033
1,461
1,461
LT Debt
981
542
677
2,457
2,521
3,040
2,572
2,572
Total Equity
- -
- -
16.15
17.75
23
7.98
-2.42
-2.51
Return on Invested Capital (%)
- -
- -
34.47
45.7
13.31
7.27
-3.56
-3.71
Return on Capital (%)
- -
- -
- -
96.75
14.85
8.28
-5.92
-5.93
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
32
90
73
LT Borrowings
1,087
1,610
1,408
LT Finance Leases
14
17
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,647
1,647
1,651
Market Capitalization
310,355
436,485
367,657

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,458
1,524
1,152
Cash, Cash Equivalents & STI
450
586
185
Accounts Receivable, Net
9
10
11
Inventories
371
285
253
Total Current Liabilities
1,625
1,401
1,456
Payables & Accruals
- -
- -
- -
ST Debt
32
90
73
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
59.15%
-15.41%
Free Cash Flow
- -
31.7%
104.54%
Net Income, GAAP
- -
-65.11%
-154.93%
Sales/Revenue/Turnover
- -
26.86%
48.68%
Total Cash Common Dividend
- -
- -
15.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
644
604
571
500
2,320
2024
480
362
385
755
1,982
2025
708
746
696
797
2,946

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
157
- -
0.08
- -
0.29
2024
0.04
0.06
0.03
- -
0.13
2025
-0.16
0.02
0.06
- -
-0.05

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
131.79
- -
0.13
- -
0.26
2024
- -
0.13
0.1
- -
0.37
2025
- -
0.12
0.1
- -
0.3
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Business
Ithaca Energy plc operates as an independent upstream oil and gas company focused on exploration, development and production activities in the UK Continental Shelf, primarily the North Sea region including Northern, Central and Southern North Sea, West of Shetland and Moray Firth areas. The company manages a portfolio of over 39 producing fields and 10 operated producing fields encompassing operated assets such as Alba, Alder, Cambo, Captain, Cook, Cygnus, Erskine and Greater Stella Area; and non-operated assets including Britannia and Satellites, Brodgar, Broom, Callanish, Dons, Elgin/Franklin, Enochdhu, J area, Mariner, Monarb, Pierce, Rosebank, Schiehallion and Seagull. Founded in 2004 and headquartered in Aberdeen, United Kingdom, Ithaca Energy serves domestic energy needs through sustainable operations targeting net zero emissions ahead of North Sea Transition Deal timelines while delivering energy security via its stakes in six of the ten largest UKCS fields and two major pre-development fields. Recent strategic developments include the completion of its transformational Business Combination with Eni UK, alongside value-accretive acquisitions such as an additional 46.25% interest in the Cygnus gas field from Spirit Energy for approximately £115 million, increasing its operated stake to 85%; a deal with Japex enhancing consolidation efforts; and a farm-in agreement with Shell UK for a 50% non-working interest in the Tobermory gas discovery licenses P2629 and P2630, building on their 50/50 joint venture in the adjacent Tornado field advancing toward financial investment decision. In 2025, the company reaffirms its production outlook with an expected year-end exit rate of approximately 145 thousand barrels of oil equivalent per day, supports ongoing organic growth through West of Shetland initiatives including Tobermory farm-in, Captain Flotel asset life extension, and Cygnus infill drilling campaigns; bolsters its balance sheet via a €450 million 2031 bond issuance and $300 million expansion of its reserves-based lending facility, achieving $1.7 billion in liquidity and 0.50x leverage; and commits to $500 million in cash dividends including a first interim payment of $167 million and accelerated $133 million dividend.

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