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Beach Energy Limited (ASX:BPT)

ALERT: Price-sensitive ASX Announcement for BPT
Current share price for BPT : $0.885 -0.37 (-29.48%)+
Announcement
Release
5 Feb 2026 8:27AM
Price at Release
$1.255
Full Release
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Summary
Beach Energy Limited's interim report for the half-year ended 31 December 2025 outlines a 32% decrease in net profit after tax compared to the previous year, registering $150.2 million, primarily due to lower gross profit and increased other expenses despite higher revenues from gas sales. Production was impacted by natural field declines and weather-related disruptions, particularly in the Cooper Basin. The report highlights an active campaign in drilling and development, notably in the Cooper and Western Flank regions, and strategic efforts to enhance production, including the continuation of the Equinox rig campaign. Capital expenditure was robust, with significant investments in petroleum assets, while cash flow indicated strong operational inflows but substantial financing and investing outflows. The company maintained a focus on development activities and strategic investments, reinforcing its long-term production capabilities.
Key Points
  • Net profit after tax decreased by 32% to $150.2 million.
  • Sales revenue slightly decreased by 1% to $981.7 million.
  • Cost of sales increased by 10% due to inventory and third-party purchase costs.
  • Total production was 9.5 MMboe, a 7% decrease from the prior period.
  • Active drilling and development campaigns in Cooper and Western Flank regions.
  • Capital expenditure reached $331.8 million, focusing on petroleum asset development.
  • Cash flow from operating activities was strong at $442.4 million.
  • Dividends declared were 6.0 cents per share fully franked.
  • Financial position strengthened with a cash balance of $235.2 million.
  • The Equinox rig campaign continued with significant investment planned.
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.