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Beach Energy Limited (ASX:BPT)

ALERT: Price-sensitive ASX Announcement for BPT
Current share price for BPT : $0.855 -0.285 (-25%)+
Announcement
Release
4 Aug 2025 8:47AM
Price at Release
$1.140
Full Release
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Summary
Beach Energy Limited's FY25 results presentation highlights a strong financial performance with increased production and sales revenue. The company achieved a 46% increase in operating cash flow, attaining record dividents of 9.0 cents per share, reflecting 31% of pre-growth free cash flow. The FY25 production was 19.7 MMboe, and sales revenue reached $1.997 billion. The Waitsia Gas Plant commenced operations, contributing significantly to LNG revenue. Beach Energy maintains focus on cost efficiency, achieving a 33% headcount reduction and reducing field operating costs by 18%. For FY26, Beach Energy aims to enhance production capacity, especially through the Waitsia Stage 2 project and Equinox rig campaign, anticipating potential challenges from ongoing flood recovery efforts in the Cooper Basin and Western Flank.
Key Points
  • FY25 production increased to 19.7 MMboe.
  • Sales revenue increased to $1.997 billion.
  • Record final dividend of 6.0 cents per share.
  • Operating cash flow increased by 46% to $1.133 billion.
  • Significant reduction in field operating costs by 18%.
  • Successful commissioning and ramp-up of the Moomba CCS project.
  • Waitsia Gas Plant began operations with five LNG cargoes contributing to revenue.
  • Focus on cost efficiency and market expansion in East and West Coast gas markets.
  • Planned capital expenditure for FY26 between $675 and $775 million.
  • Anticipated challenges from Cooper Basin flood recovery and Waitsia Stage 2 completion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.