Montauk Renewables' headline earnings decline 30% in 2024

Montauk Renewables (JSE:MKRE) reported audited consolidated results for the year ended December 31, 2024, showing a slight revenue increase to $175.736 million from $174.904 million in 2023. However, EBITDA decreased by 10% to $40.969 million. Headline earnings experienced a more significant drop, falling 30% to $11.002 million. Basic earnings per share decreased from $0.11 to $0.07, while headline earnings per common share also decreased from $0.11 to $0.08. The directors have opted against declaring a final dividend to focus on developing the company's operations. The company's net asset value per common share increased slightly to $1.79 from $1.74.