• Group production run-rate of >70 TJe/d by end-FY25
• Progress 3 well ECSP drilling program, targeting backfill for AGP from 2028
• Increase realised gas prices, with average realised gas prices ~$10/GJ

Amplitude Energy reported its FY25 full year results, highlighting strong operational and financial performance. The company achieved a group production run-rate of over 77 TJe/d by the end of FY25, with total FY25 production of 73 TJe/d. This was driven by improved reliability and performance at the Orbost Gas Processing Plant, which set new production records. The company also made progress on its 3-well ECSP drilling program, which is on track to target backfill for the Athena Gas Plant from 2028. Amplitude Energy achieved a 12% increase in average realised gas prices to around $10/GJ, and continued to drive further cost reductions, with unit production expenses down 10.5% to $2.33/GJe. This strong operational performance translated into record underlying EBITDAX of $173.9 million, a 36% increase on the prior year. The company also reported record adjusted cash from operations of $160.5 million, up 40% year-on-year. Amplitude Energy remains focused on further improving production, increasing margins, and progressing its growth projects to drive shareholder value.

Amplitude Energy expects to maintain its FY25 production and reliability performance improvements at both the Orbost and Athena gas plants in FY26. The company also sees a cost reduction opportunity of $5 million or more in FY26, through initiatives such as optimising Sole pipeline costs, reducing waste disposal costs, and optimising maintenance spend.

Amplitude Energy is focused on accelerating production, maintaining cost discipline, and increasing margins in FY26. The company plans to complete outstanding actions from its FY25 continuous improvement program and pursue additional short- and long-term gas marketing opportunities to maximize flexibility and direct spot sales into the highest-price markets.