Afentra Delivers Strong 2024 Results with $52M Profit and Strategic Growth

PUBLISHED: May 08 2025 @ 02:59 | Comments (0) | More info about Fiona Craig

Afentra plc (LSE:AET) has published its 2024 Annual Report and Financial Statements, showcasing a dramatic improvement in its financial performance. The company posted a net profit of $52.35 million for the year ending December 31, 2024—a major turnaround from the previous year’s loss. This performance underscores Afentra’s strategic positioning within the African oil and gas landscape, where it continues to focus on enabling a responsible energy transition through collaborations with international oil majors and local governments.

The company also announced that its 2025 Annual General Meeting will be held virtually, allowing shareholders to engage and vote online, in line with Afentra’s efforts to enhance accessibility and shareholder participation.

Company Overview: Afentra plc

Afentra is an upstream oil and gas business dedicated to responsible hydrocarbon development across Africa. The company targets non-operated interests in both offshore and onshore fields, with active projects in Angola and Somaliland. Its business model centers around acquiring assets from exiting international operators and supporting host nations in managing legacy resources more sustainably.

Average Daily Trading Volume: 711,269 shares
Technical Sentiment Indicator: Hold
Market Capitalization: £83.45 million

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Afentra Appoints Thierry Tanoh as New Chairman in Leadership Transition by Fiona Craig