Beetaloo Energy Australia (BTL) H2 2025 earnings summary

Executive summary

• Advanced the Carpentaria Pilot Project in the Beetaloo Basin, achieving a Final Investment Decision (FID) in December 2025, supported by strong technical results from the Carpentaria-5H well.

• Secured all regulatory and Traditional Owner approvals for pilot gas sales, with first gas targeted for late 2026.

• Raised $35 million in equity and maintained strong liquidity, with additional funding arrangements in place for infrastructure.

• No dividends declared for FY2025.

Financial highlights

• Net loss after tax: $19.4 million (2024: $14.4 million loss).

• Revenue from continuing operations: $66,000 (2024: $24,000).

• Total assets: $192.9 million (2024: $167.0 million).

• Cash and cash equivalents: $17.8 million at year-end (2024: $25.4 million).

• Equity raised: $34.8 million net of costs.

• Exploration and evaluation assets: $144.8 million (75% of total assets).

Outlook and guidance

• Focused on safe, on-schedule delivery of the Carpentaria Pilot Project and commencement of pilot gas sales in late 2026.

• Anticipates positive cash flows from pilot project activities from Q3/Q4 2026.

• Ongoing appraisal in Western Beetaloo to support multi-decade development.