Strong Financial Performance
Total production increased by 9% to 19.7 million barrels of oil equivalent, sales volumes rose 16% to 24.7 million barrels of oil equivalent, and sales revenue increased by 13% to $2 billion. Underlying EBITDA increased by 20% to $1.1 billion, and underlying NPAT increased by 32% to $451 million.
Record Dividend
The Board declared a record final dividend of $0.06 per share, bringing the total dividends declared for the year to $0.09 per share, representing a 31% pre-growth free cash flow payout ratio.
East Coast Gas Market Leadership
Beach's operated assets and nonoperated interests now supply 19% of the entire East Coast domestic gas market, with East Coast gas production increasing by 23% in FY '25.
Operational Efficiency and Cost Reduction
The company achieved $130 million in cost reductions, a 20% reduction in sustaining capital, and an 18% unit operating cost reduction.
Moomba CCS Project Success
The Moomba CCS project is successfully storing CO2, abating more than 1 million tonnes, equivalent to removing roughly 400,000 cars from Australian roads.