NATURELGAZ ANNOUNCES DIVIDEND DECISION AFTER CLOSING 2024 WITH A STRONG PERFORMANCE
Naturelgaz, which operates in the transported natural gas market, announced its financial results for 2024. The Company increased its sales volume by 29% year-on-year to 324.2 million Sm³ and raised its net profit by 162% to TRY 365.6 million. With high sales volume and strong profitability, the Company successfully completed 2024.
Evaluating the Company’s financial and operational performance in 2024, Naturelgaz General Manager Hasan Tahsin Turan said: “Thanks to our increased sales volume and effective cost management, we closed 2024 with EBITDA of TRY 1.138 billion, achieving 13% growth over the previous year. However, when the effect of inflation is taken into account, this EBITDA growth rate reached as high as 63% compared to the previous year. This success is the result of our strong cost management and strategic steps. We are targeting an even stronger performance in 2025.”
Supported by the increase in sales volume, Naturelgaz reported net profit of TRY 365.6 million for 2024, up 162% on the previous year. The Company’s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for 2024 rose 13% year-on-year to TRY 1.138 billion. While increasing its gross profit by 31% year-on-year to TRY 1.485 billion in 2024, the Company also raised its profit before tax by 233% to TRY 579.9 million, driven by efficient cost management and higher sales volume.
The Company continued its capacity-enhancing and cost-reducing investments in 2024, with total investment during the year reaching TRY 603 million.
‘We are moving confidently into the future with our strong and successful performance’
Evaluating the Company’s financial and operational performance for 2024, Naturelgaz General Manager Hasan Tahsin Turan said: “At a time when operating costs continue to rise due to inflation, we continue to see successful results through effective cost management and efficiency-enhancing investments. Our increased sales volume was the most important factor supporting our financials. As a result, we completed the year with a significant net profit. In line with our strategic targets, we will continue our efforts to deliver successful financial results in the coming periods.”
