Australia · Delayed Price · Currency is AUD Amplitude Energy Earnings Call Transcripts
Fiscal Year 2026
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Record first half FY26 results driven by higher production, gas prices, and cost control, with upgraded production guidance and strong cash generation. ECSP drilling and foundational contracts are progressing, while regulatory and exploration risks remain.
Fiscal Year 2025
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Record financial results were achieved with strong production and cost control, while major growth projects like the East Coast Supply Project advanced. Board renewal and governance enhancements were highlighted, and shareholders approved all resolutions, including director elections and a share consolidation.
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Record FY 2025 results included 17% production growth, 22% higher revenue, and a 36% increase in EBITDA, driven by operational improvements and cost reductions. The company is focused on executing the ECSP, maximizing asset utilization, and maintaining strong cash generation in a tight domestic gas market.
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Record production and revenue were achieved, with FY25 sales up 22% and net debt reduced by over $35 million. Operational reliability and cost improvements drove margin gains, while the East Coast Supply Project advanced on schedule.
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Record production and revenue growth in H1 FY25, with strong cash flow and margin expansion driven by higher spot gas sales and improved plant reliability. Strategic focus remains on debt reduction, growth investment in the Otway, and advancing the East Coast Supply Project.
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Record production and revenue were achieved, with strong operational improvements at Orbost and higher spot sales margins. Net debt declined, and the East Coast Supply Project advanced, with upgraded production guidance and ongoing cost and margin initiatives.
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Record production and revenue were achieved, driven by operational improvements at Orbost and strong spot gas sales. The East Coast Supply Project advanced, with funding and partner discussions ongoing, while net debt peaked and is expected to decline.
Fiscal Year 2024
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Record production and revenue were achieved, with a focus on maximizing Orbost output and advancing the East Coast Supply Project. Board renewal, a new company name, and ongoing cost and emissions reductions were highlighted. All AGM resolutions, including director elections and rebranding, were put to a poll.
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Record production, EBITDAX, and cash flow were achieved, driven by operational improvements and cost reductions. FY 2025 guidance targets sustained high production, further cost savings, and progress on the East Coast Supply Project, amid a tightening gas market.
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Q4 FY 2024 delivered higher production and revenue, driven by operational improvements and strong spot pricing. The BMG decommissioning was completed, cost savings initiatives advanced, and the East Coast Supply Project progressed, with first gas targeted for 2028.
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A new strategy targets growth by leveraging infrastructure, operational improvements, and disciplined cost management, with the East Coast Supply Project as a key driver. Production and cash flow are set to rise, supporting deleveraging and future shareholder returns, while ESG and innovation remain central.