Finance
Financial reports
Aera publishes audited annual reports in line with our commitment to open engagement with our stakeholders about our business, including our financial performance.
We have published our financial results every year since our creation in 2015, providing industry-leading transparency and disclosure.
PwC France is responsible for auditing the company’s financial statements, ensuring compliance and accuracy in financial reporting since 2020.
2022
Financial Results
Revenue: €22.8 million, representing a significant 52% increase from 2021.
Net Profit After Tax: €5 million.
EAT/Turnover Ratio: 22%, up from 18% in 2021.
Working Capital: €6.8 million, a substantial increase of 76% from €3.9 million in 2021.
Total Assets: €19,508,000.
Equity: €12,122,000.
Revenue: €33,670,000.
Net Income: €11,022,000.
Cash and Cash Equivalents: €13,116,000.
Total Liabilities: €7,386,000.
2022
Financial Highlights
Delivered 3.5 million carbon credits throughout the year, with a significant portion of the backlog from international registries being cleared in Q4 2022.
Closed 92 contracts, purchasing 26 million carbon credits and selling 7.8 million, demonstrating strong commercial activity across various sectors including oil & gas, energy, finance, and carbon aggregators.
Achieved a sales book order of €70 million over 12 months.
Increased turnover driven by sustained commercial efforts, including successful roadshows in London, and the ability to meet diverse client needs.
Earnings after tax increased by 89% compared to 2021, reflecting exponential growth and an efficient operational model.
2023
Financial Results
Revenue: €24.8 million, a 9% increase from 2022.
Net Profit After Tax: €3.2 million.
EAT/Turnover Ratio: 13%, down from 22% in 2022.
Working Capital: €7.6 million, up from €6.8 million in 2022.
Total Assets: €13,132,000.
Equity: €7,591,000.
Revenue: €24,791,000.
Net Income: €3,234,000.
Cash and Cash Equivalents: €7,507,000.
Total Liabilities: €5,538,000.
2023
Financial Highlights
Faced significant challenges in the voluntary carbon market, including scrutiny over carbon credit quality and a drop in prices.
Secured significant long-term sales contracts, with deliveries set to begin in 2024.
COP 28 in Dubai did not resolve key issues related to Article 6.2 of the Paris Agreement, leading to continued market uncertainty.
2024
Financial Results
Revenue: €33.7 million, a substantial 36% increase from 2023.
Net Profit After Tax: €11 million, almost tripling the previous year’s result.
EAT/Turnover Ratio: 33%, a significant improvement from 13% in 2023.
Working Capital: €12.3 million, up from €7.6 million in 2023.
Total Assets: €19,508,000.
Equity: €12,122,000.
Revenue: €33,670,000.
Net Income: €11,022,000.
Cash and Cash Equivalents: €13,116,000.
Total Liabilities: €7,386,000.
2024
Financial Highlights
Continued challenges in the voluntary carbon market, including low prices and methodological uncertainties.
Maintained strong growth due to a hedging and forward sales strategy, leading to significant deliveries.
Delivered nearly 5.6 million carbon credits, up from 4.7 million in 2023, demonstrating strong execution capabilities across a diversified portfolio in sub-Saharan Africa.
Positive signals from COP decisions and announcements related to Article 6 of the Paris Agreement indicated a potential recovery in demand.
Initiated several pilot projects to transition between the voluntary carbon market and future commercial opportunities.
Our financial results
Key financial ratios
The latest financial analysis reveals strong financial ratios, underscoring the robust fiscal health of the company.
Key indicators such as the current ratio, quick ratio, and debt ratio have all shown significant improvement, reflecting enhanced liquidity and operational efficiency. These financial ratios collectively contribute to improved solvability, indicating that the company is capable of sustaining its operations and meeting its financial commitments in both the short and long term.
