NATIONAL Enterprises Ltd (NEL) has demonstrated exceptional financial resilience by posting a $15.3 million profit after tax, marking a dramatic 104% recovery from previous unrealized fair value losses. The company’s strategic maneuvers have yielded impressive operational efficiencies, reducing expenses by 9% while simultaneously boosting dividend income by 14% to $129 million from $113 million.
The energy investment firm reported robust cash reserves of $172 million in cash and equivalents, underscoring its strengthened financial position. This turnaround was significantly propelled by the resurgent performance of NGC and TTLNG—formerly components of Atlantic LNG train one—now integrated into the restructured unified ALNG operation encompassing trains two through four.
Executive Director David Robinson emphasized the company’s steadfast commitment to shareholder value despite persistent global market volatility, geopolitical tensions, and irregular gas supply patterns. “Our sustained resilience against multifaceted challenges validates both the durability of our core assets and our capacity to capitalize on emerging value-creation opportunities,” Robinson stated. He further expressed confidence that this performance breakthrough establishes a foundation for delivering consistent shareholder returns across both immediate and extended timeframes.
Beyond financial metrics, NEL reinforced its community engagement through comprehensive corporate social responsibility initiatives targeting education, youth development, social welfare, and cultural programs. The company’s strategic investments included financial literacy campaigns, educational fundraising support, and entrepreneurship incubators, reflecting its dedication to empowering future generations and enriching community ecosystems.
The 2024 dividend distribution reached $156 million, equivalent to $0.26 per share, with a trailing dividend yield of 7.3%—ranking among the most competitive returns on the local exchange and outperforming comparable market benchmarks.