Manawa Energy (MNW) has announced earnings guidance for FY23 and FY24, expecting EBITDAF for the year to 31 March 2023 to be around the top end of the current EBITDAF guidance of $127.5m to $140.0m and EBITDAF for the year to 31 March 2024 to be in the range of $120m to $140m.
Capital expenditure guidance for FY23 remains unchanged at $45m to $55m and is expected to be in the range of $65m-$80m for FY24.
MNW also expects to receive $20m-$28m of cash proceeds in FY24 from the divestment of surplus land and carbon credits.
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