• Loss of US$1.82 million due to adjustments to consideration receivables from RSSD project sale
• Woodside Energy claims US$6.03 million under sale agreement
• Shareholder approval for A$7.4 million capital return

FAR Ltd reported a net loss of US$1.82 million for the half-year ended 30 June 2025, compared to a profit of US$40.83 million in the prior corresponding period. The loss was mainly due to adjustments to consideration receivables on the RSSD project sale as a result of a US$6.03 million claim by Woodside Energy under the sale and purchase agreement. In May 2025, FAR received a provisional payment of US$11.5 million from Woodside for its entitlement in the Sangomar Project in Senegal, with production of 13.3 MMbbl of crude oil in calendar year 2024 and 12.9 MMbbl of sales. However, Woodside subsequently advised that the Senegal Ministry of Energy, Petroleum and Mines had made a final decision that Woodside is unable to recover petroleum expenditure not directly linked to exploration activities, and demanded that FAR pay Woodside US$6,029,899.On 30 May 2025, the company obtained shareholder approval at the Annual General Meeting to return capital of 8 cents per share, returning approximately A$7.4 million to shareholders equivalent to US$4,800,628. The company's net assets decreased to US$40.25 million as of 30 June 2025, compared to US$46.87 million as of 31 December 2024, due to the losses, other operating expenses, and the capital return.There were no dividends paid, recommended or declared during the current or previous financial half-year.