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Santos Limited (ASX:STO)

ALERT: Price-sensitive ASX Announcement for STO
Current share price for STO : $7.100 0.43 (6.45%)+
Announcement
Release
18 Feb 2026 9:37AM
Price at Release
$6.670
Full Release
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Summary
Santos Limited announced its full-year results for 2025, showcasing a strong performance supported by a disciplined low-cost operating model. The company reported annual production of 87.7 million barrels of oil equivalent (mmboe) and sales volumes of 93.5 mmboe. The underlying net profit after tax was $898 million, with a robust generation of free cash flow amounting to $1.8 billion. The Board declared a final dividend of US 10.3 cents per share, leading to a total dividend of US 23.7 cents per share for the year. This decision highlights Santos' solid balance sheet and the successful de-risking of the Barossa and Darwin LNG projects, with the first cargo expected in early 2026. The company also achieved its 2030 emissions reduction target five years ahead of schedule, primarily credited to the Moomba Carbon Capture and Storage (CCS) project. Santos remains committed to a low-cost operating model, aiming for further cost efficiencies and headcount reductions as major growth projects transition into base business.
Key Points
  • Annual production of 87.7 mmboe and sales volumes of 93.5 mmboe.
  • Underlying net profit after tax of $898 million.
  • Strong free cash flow generation of $1.8 billion.
  • Final dividend declared of US 10.3 cents per share.
  • Total dividends for the year amounted to US 23.7 cents per share.
  • Successful de-risking of Barossa and Darwin LNG with first cargo in early 2026.
  • Achieved 2030 emissions reduction target five years early with Moomba CCS project.
  • Continued commitment to disciplined low-cost operating model.
  • Targeting head count reduction of around 10 per cent.
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.