• Record full-year production, revenue, and underlying EBITDAX
• Sole field reserves increase, East Coast Supply Project progressed
• Continuous improvement programme delivered $20 million in cashflow improvements

Amplitude Energy Limited (ASX:AEL) today announced record production, revenue, and underlying EBITDAX for the twelve months ended 30 June 2025 (FY25). The results highlight sustained improvement in production at the Orbost Gas Processing Plant (OGPP) over FY25, combined with a greater proportion of sales into higher-priced spot gas markets, while maintaining a disciplined focus on costs. Group gas and oil production for FY25 was 26.6 PJ-equivalent, or 73.0 TJ-equivalent per day, 17.1% higher than the prior year. The company also reported record full-year revenue of $268.1 million, up 22% on FY24, and record underlying EBITDAX of $173.9 million, up 36% on FY24. Amplitude Energy's Sole field reserves increased, with a 100% 1P Reserves Replacement Ratio and upward revisions to 1P and 2P reserves. The company also made progress on its East Coast Supply Project in the Offshore Otway Basin, introducing O.G. Energy as a 50% joint venture partner. Amplitude Energy's continuous improvement programme delivered around $20 million in cashflow improvements in FY25 through initiatives focused on cost and emissions reductions, improved productivity, and margin maximisation.

Amplitude Energy expects total Group production of 69 - 74 TJ-equivalent per day in FY26, with production expenses of $54 - 60 million and other cash expenses & costs of sales of $24 - 28 million. Capital expenditure guidance is $125 - 150 million, primarily related to the East Coast Supply Project.