Interra Resources (5GI) H2 2025 earnings summary

Executive summary

• Strategy centers on exiting Myanmar and diversifying beyond oil and gas, with renewable energy, silica and critical-mineral investments advanced during FY2025.

• FY2025 results were pressured by Myanmar operating disruption, lower production and oil prices, plus $24.04m of impairment losses and allowances; attributable net loss was $21.83m.

Financial highlights

• Revenue fell 30.2% YoY to $11.95m; cost of production declined to $9.28m, while gross profit fell to $2.67m from $6.97m.

• Net loss was $24.32m versus net profit of $4.12m in FY2024; loss attributable to equity holders was $21.83m versus profit of $4.20m.

• Cash and cash equivalents were $15.08m at year-end, down from $17.97m; total assets fell to $28.71m from $54.23m.

• Operating cash flow was $3.00m; investing and financing cash flows were outflows of $4.92m and $0.97m, respectively.

Outlook and guidance

• FY2026 gross production target is 717,610 barrels, averaging 2,090 barrels per day; two development wells are planned at Chauk.

• Myanmar production outlook remains uncertain amid conflict, security issues, logistics and supply-chain disruption; routine field work and infrastructure improvements are planned.

• Operating costs and capital expenditure will be managed prudently to contain costs and preserve liquidity amid volatile oil prices.

• Diversification proposals are being reviewed with SGX RegCo; shareholder approval and operationalising new investments are stated priorities.