Beetaloo Energy Australia (BTL) H1 2025 earnings summary

Executive summary

• Achieved significant operational milestones, including the largest hydraulic stimulation in the Beetaloo Basin and progress toward first commercial gas production from the Carpentaria Project.

• Raised $35 million through a placement and Share Purchase Plan, strengthening the balance sheet for ongoing appraisal activities.

• Completed a company name change to reflect strategic focus on the Beetaloo Basin and regional energy supply ambitions.

• Secured Traditional Owner consent for the sale of appraisal gas, supporting regulatory and social license to operate.

Financial highlights

• Cash at bank increased to $39.2 million as of 30 June 2025 (from $25.4 million at December 2024).

• Loss after income tax from continuing operations was $9.08 million (vs. $8.44 million loss in prior year period).

• Profit from discontinued US operations was $6.12 million, reflecting the sale of US oil & gas assets.

• Net assets rose to $161.2 million (from $136.4 million at December 2024).

• Equity raised: $28 million via placement and $7 million via Share Purchase Plan.

Outlook and guidance

• Initial 30-day flow rate results from Carpentaria-5H well expected in October 2025.

• Planning for Carpentaria Gas Plant installation is in final stages, with funding secured subject to FID.

• Additional $30 million in funding available upon FID for the Carpentaria Pilot Project.