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Strike Energy Limited (ASX:STX)

ALERT: Price-sensitive ASX Announcement for STX
Current share price for STX : $0.108 -0.003 (-2.27%)+
Announcement
Release
29 Sep 2025 9:08AM
Price at Release
$0.110
Full Release
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Summary
Strike Energy Limited announced their 2025 Full Year Results highlighting key developments and financial outcomes for the fiscal year ending June 30, 2025. Notable events include a leadership transition with Peter Stokes as the new Managing Director and CEO, and Tim Cooper appointed as CFO and Company Secretary. The company completed a strategic review focusing on vertically integrated gas and power projects, and commenced construction on the South Erregulla Peaking Gas Power Station, targeted for completion in October 2026. Exploration success was noted with a new gas discovery at Erregulla Deep-1, while stable production at Walyering provided substantial cash flows. Financially, Strike reported sales revenue of $72.7 million, a net cash inflow of $42.6 million, and an underlying EBITDA of $41.6 million. However, a net loss of $157.3 million was recorded, primarily due to a $103.3 million impairment on Walyering reserves. The company secured a $217 million financing package to enhance liquidity and received strategic investment from Carnarvon Energy.
Key Points
  • Leadership transition with Peter Stokes as Managing Director and CEO, and Tim Cooper as CFO.
  • Completion of strategic review focusing on vertically integrated gas and power strategy.
  • Construction commenced on South Erregulla Peaking Gas Power Station with completion in October 2026.
  • Erregulla Deep-1 gas discovery confirmed.
  • Stable production at Walyering delivering cash flows.
  • FY25 sales revenue was $72.7 million, net cash inflows of $42.6 million.
  • Underlying EBITDA was $41.6 million.
  • Net loss of $157.3 million due to $103.3 million impairment at Walyering.
  • Secured $217 million financing with Macquarie Bank.
  • Strategic investment from Carnarvon Energy.
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.