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Far Limited (ASX:FAR)

ALERT: Price-sensitive ASX Announcement for FAR
Current share price for FAR : $0.295 -0.005 (-1.67%)+
Announcement
Release
26 Aug 2026 9:00AM
Price at Release
$0.300
Full Release
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Summary
The half-year report for FAR Limited, as of 30 June 2026, highlights a profit of US$1,442,226 contrasting with the previous year's loss. The report details the financial transactions following the sale of the RSSD Project in Senegal to Woodside Energy, including a contingent payment agreement. This includes rights to a Consideration Receivable potentially totaling US$55 million, based on certain conditions like future oil prices. FAR Limited also undertook a significant capital return to its shareholders amounting to approximately A$32.3 million. The report confirms no dividends paid during the period. Furthermore, notable changes in the company's executive and financial positions were documented.
Key Points
  • Profit of US$1,442,226 for the half-year ended 30 June 2026.
  • Rights to a Consideration Receivable from Woodside Energy up to US$55 million.
  • Capital return of approximately A$32.3 million to shareholders.
  • No dividends paid, recommended, or declared during this period.
  • Significant executive changes including the appointment of a new CFO and Company Secretary.
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.