on OSMOSUN (EPA:ALWTR)
OSMOSUN: 2024 Annual Results
OSMOSUN, a specialist in solar-powered desalination solutions, presents 2024 results marked by financial challenges. Revenue fell to €1.9 million from €3.0 million in 2023, despite contracts in Africa and the Caribbean. Gross margin fell from €1.2 million to -€1.3 million, impacted by costs in Mauritania. Growth efforts increased personnel costs by 22%, increasing the workforce to 32 FTEs.
Net profit declined to €6.3 million compared to €3.1 million the previous year. Cash reached €1.6 million, and net debt was limited to €0.2 million. To extend its cash flow horizon, OSMOSUN is seeking industrial partnerships.
Julien Cauvy will join the group as Deputy CEO in March 2025. The strategic refocusing on smaller desalination projects has begun.
R. P.
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