Australis Oil & Gas (ATS) H2 2025 earnings summary

Executive summary

• Achieved a key strategic goal by introducing a development partner with capacity to deploy up to US$46.25 million in the TMS, receiving a non-refundable US$1 million partner fee.

• Sold 90% of working interests in existing TMS producing wellbores for US$16.9 million to maximize funding flexibility and minimize shareholder dilution.

• Fully repaid the Macquarie Credit Facility at year end, strengthening the balance sheet.

Financial highlights

• Gross revenue from oil sales was US$13.9 million, with a gain from hedging of US$0.1 million.

• Revenue from ordinary activities decreased by 28% year-over-year to US$14.1 million.

• Net loss after tax increased by 202% year-over-year to US$24.9 million, mainly due to a US$20.7 million impairment expense.

• Adjusted EBITDA was US$0.6 million; year-end cash position was US$14.2 million.

• Net tangible asset per security declined to US$0.02 from US$0.04 year-over-year.

Outlook and guidance

• Development partner may deploy up to US$46.25 million for new wells, carrying a 20% working interest for the company.

• Funding flexibility enhanced to support participation in future appraisal and development drilling.