Interra Resources (5GI) H1 2025 earnings summary

Executive summary

• 1H 2025 revenue was US$6.51m, down 29% YoY; net profit was US$0.34m versus US$2.36m, mainly reflecting lower oil sales, prices and other income.

• EBITDA was US$1.46m; operating cash inflow was US$1.28m and cash and cash equivalents were US$18.75m at 30 June 2025.

Financial highlights

• Revenue fell from US$9.15m to US$6.51m YoY as shareable oil sales declined 20% to 127,693 barrels and the weighted average transacted price fell to US$71.74/bbl from US$82.84/bbl.

• Gross profit was US$1.66m versus US$4.13m; production costs declined to US$4.85m from US$5.03m, while depreciation and amortisation increased to US$1.27m from US$1.03m.

• Other income declined to US$0.65m from US$0.97m, including lower interest income from non-related-party loans; income tax expense was US$0.11m versus US$0.88m.

• Tax expense included a US$0.51m reversal of prior-year tax overprovision after the limitation period expired, partly offset by a US$0.62m current-period provision.

Outlook and guidance

• No significant oil contribution is expected from the new Chauk well in FY 2025; additional perforation of upper zones is expected in Q3 2025.

• WKP-1 remains at preliminary planning; drilling preparations are postponed pending approval of an exploration-period extension, and no significant near-term field contribution is expected.

• PT Interra Energy Services may subscribe to further PT Berkat Bersatu convertible bonds for solar projects if assessed to contribute positively to financial results.