Beach Energy (BPT) investor relations material

Executive summary

• FY26 marked significant progress on strategic priorities, including Waitsia Gas Plant startup, Moomba CCS capturing 1.3 Mt CO₂e, and major offshore campaigns.

• Achieved total production of 19.4 MMboe, with Waitsia reaching nameplate capacity and supporting LNG exports.

• Maintained strong safety performance, with 18 months recordable injury-free and no Tier 1 process safety events.

• Liquidity strengthened to $983 million, supporting future growth and capital redeployment.

• Focused on high-margin projects, cost discipline, and expanding the resource base for sustainable growth.

Financial highlights

• Sales revenue totaled $1.8 billion, down 10% year-over-year, with LNG cargoes contributing $343 million.

• Underlying EBITDA was $1.04 billion, with a 58% margin; underlying NPAT was $355 million, statutory NPAT $281 million.

• Pre-growth free cash flow was $458 million; positive all-in free cash flow despite elevated capital activity.

• Final fully franked dividend of 2.0 cps; full-year dividend 3.0 cps.

• Net gearing at 10.6%, below the 15% target; available liquidity of $983 million, up 51% year-over-year.

Outlook and guidance

• FY27 production guidance: 19.5–23.0 MMboe, supported by Waitsia output.

• Capital expenditure guidance: $600–700 million, with up to 65% allocated to growth projects.

• Sustaining capital expected below $450 million; abandonment expenditure to decrease post-Equinox campaign.

• Focus on active drilling, project maturation, and resource expansion in core hubs.

• Continued prioritization of health, safety, and disciplined execution.