Financial Information

Financial Performance

Meeras Refinery maintains a strong financial position with consistent growth and profitability. Our financial strategy focuses on sustainable value creation, operational excellence, and prudent capital management.

Revenue

$5.2B (2023)

EBITDA

$1.8B (2023)

Financial Performance

Key Financial Metrics

Our financial performance indicators

Revenue Growth

Consistent year-over-year growth in revenue through operational excellence and market expansion.

  • 2023: $5.2B
  • 2022: $4.8B
  • 2021: $4.3B

Profitability

Strong profit margins and efficient cost management.

  • EBITDA Margin: 34.6%
  • Net Profit Margin: 22.3%
  • ROE: 18.5%

Cash Flow

Strong operating cash flow generation and efficient capital allocation.

  • Operating Cash Flow: $1.5B
  • Free Cash Flow: $1.2B
  • Capital Expenditure: $300M

Financial Strategy

Our approach to value creation

Capital Allocation

Our capital allocation priorities:

  • Maintenance and growth investments
  • Debt reduction and optimization
  • Dividend payments
  • Strategic acquisitions

Risk Management

Our risk management framework includes:

  • Market risk hedging
  • Currency risk management
  • Interest rate management
  • Commodity price protection

Financial Calendar

Important dates for investors

Quarterly Results

Q1: March 15, 2024
Q2: June 15, 2024
Q3: September 15, 2024
Q4: December 15, 2024

Annual Meeting

Date: May 20, 2024
Location: Virtual & In-Person
Registration: April 15, 2024

Dividend Payments

Q1: March 31, 2024
Q2: June 30, 2024
Q3: September 30, 2024
Q4: December 31, 2024

Analyst Events

Strategy Day: February 15, 2024
Investor Day: September 20, 2024
Industry Conferences: Various Dates