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Echelon Resources Limited (ASX:ECH)

ALERT: Price-sensitive ASX Announcement for ECH
Current share price for ECH : $0.360 0 (0%)+
Announcement
Release
29 Aug 2025 7:30AM
Price at Release
$0.360
Full Release
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Summary
Echelon Resources Limited's Preliminary Final Report for the year ending 30 June 2025 outlines the financial performance, position, and cash flows of the company. The company reported a revenue of AUD 115.3 million, with a net profit of AUD 6.39 million, which is a decrease from the previous year. Operating costs increased significantly, impacting the overall profit margin. Notable financial activities include increased exploration and evaluation expenditure, and significant net cash outflows from investing activities. The report also highlights the restatement of previous financial statements to reflect the change in presentation currency to Australian dollars. Echelon's financial position remains stable with total assets of AUD 300.67 million and total equity of AUD 156.5 million. Additionally, the company has maintained a focus on its oil and gas operations, including its interests in the Kupe oil and gas field and the Perth and Amadeus Basins in Australia.
Key Points
  • Echelon reported a revenue of AUD 115.3 million.
  • Net profit for the year was AUD 6.39 million.
  • Operating costs significantly increased, impacting profit margins.
  • Exploration and evaluation expenditure increased.
  • Net cash outflow from investing activities was notable.
  • Previous financial statements were restated for currency change.
  • Total assets amounted to AUD 300.67 million.
  • Total equity was AUD 156.5 million.
  • Focus on oil and gas operations in Kupe, Perth, and Amadeus Basins.
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.