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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 7:31AM
Price at Release
$0.360
Full Release
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Summary
Echelon Resources Limited, headquartered in Wellington, New Zealand, delivered strong financial results for the six months ending 31 December 2025. The company reported a 61% increase in net profit after tax attributable to shareholders, reaching A$6.0 million, while overall revenue rose by 7% to A$57.2 million. The increase was largely driven by strong gas sales from the Mereenie field in the Northern Territory. The company reduced its borrowings by A$12 million and declared an interim dividend of AUD 0.40 cents per share. Echelon plans further expansion with the drilling of four new wells in the Amadeus Basin, supported by new gas sales agreements. The company's portfolio includes oil and gas assets across Australia, New Zealand, and Indonesia, with a focus on ethical and values-based development and exploration activities.
Key Points
  • Revenue increased by 7% to A$57.2 million.
  • Net profit after tax attributable to shareholders rose by 61% to A$6.0 million.
  • Debt reduced by A$12 million during the period.
  • Interim dividend of AUD 0.40 cents per share declared.
  • Mereenie field revenue increased by 33%.
  • Four new wells planned for the Amadeus Basin.
  • Strong gas sales from the Amadeus Basin contributed to revenue growth.
  • Echelon Resources aims for ethical and values-based development.
  • The company has assets in Australia, New Zealand, and Indonesia.
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.