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Echelon Resources Limited (ASX:ECH)

ALERT: Price-sensitive ASX Announcement for ECH
Current share price for ECH : $0.345 -0.015 (-4.17%)+
Announcement
Release
26 Feb 2026 7:30AM
Price at Release
$0.360
Full Release
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Summary
Echelon Resources Limited reported a significant increase in net profit after tax for the half year ended 31 December 2025, reaching AUD 6.0 million, up 61% compared to the corresponding period in 2024. This improvement was attributed to higher gas prices under a new Gas Sales Agreement and robust operational performance across its portfolio. The company's revenue for the period was AUD 57.2 million, a 7% increase from the previous year. Echelon declared an interim dividend of AUD 0.40 cents per share, with a payment date set for 31 March 2026. The report also highlighted a decrease in the company's cash position to AUD 32.9 million due to debt repayments and outlined ongoing and potential liabilities, including a legal dispute with Triangle Energy Limited.
Key Points
  • Net profit after tax increased by 61% to AUD 6.0 million.
  • Revenue for the half year was AUD 57.2 million, up 7%.
  • Declared interim dividend of AUD 0.40 cents per share.
  • Cash position decreased to AUD 32.9 million due to debt repayments.
  • Legal dispute ongoing with Triangle Energy Limited concerning a farmout agreement.
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.