Beetaloo Energy Australia (BTL) Q2 2025 TU earnings summary

Executive summary

• Completed $35 million share placement and SPP with strong participation.

• Achieved successful hydraulic stimulation of Carpentaria-5H, the longest in Australia.

• Traditional Owner consent obtained for sale of appraisal gas from Carpentaria Pilot Project.

• Name changed to Beetaloo Energy Australia Limited.

Financial highlights

• Total liquidity at quarter end was $55.0 million, including $39.4 million in cash and $15.6 million undrawn funding.

• Cash balance as of June 30 was $39.4 million, with $38.8 million in AUD and $0.6 million in USD.

• Net cash position at quarter end was $19.97 million, up from negative $2.81 million in the previous quarter.

• Drew down $2.6 million under the new $30 million R&D Facility for the Carpentaria Pilot Project.

Outlook and guidance

• IP30 flow rate results from Carpentaria-5H expected by end of September.

• Production from Carpentaria Pilot Project expected to commence in 2026.

• Construction of Carpentaria Pilot Project, including gas plant installation, to begin in Q4 2025.

• Anticipates satisfying conditions for $30 million Midstream Infrastructure Facility drawdown in coming months.