FY2025 Annual Results

Open PDF
Stock Queensland Pacific Metals Ltd (QPM.ASX)
Release Time 23 Sep 2025, 10:01 a.m.
Price Sensitive Yes
 QPM Reports Strong FY2025 Results
Key Points
  • Full year group revenue up 12.6% to $120.1 million
  • Electricity revenue up 32.5% to $53 million
  • Maiden Profit after Income Tax of $8.2 million
Full Summary

QPM Energy Ltd (ASX:QPM) has announced its financial results for the twelve months ended 30th June 2025 (FY2025). The company reported a 12.6% increase in full year group revenue to $120.1 million and a 32.5% rise in electricity revenue to $53 million. QPM also achieved a maiden Profit after Income Tax of $8.2 million. The company's MGP Field Operations saw zero loss time injuries and zero reportable environmental incidents, with total gas supply of 9.4PJ and a 6.2% reduction in gas supply unit costs (excluding royalties) to $4.86/GJ. The company also completed capital programs including a seven well drilling campaign and gathering system optimisations, and saw an increase in independently certified 2P reserves from 331PJ to 435PJ. In the Electricity Generation segment, QPM reported total electricity dispatch of ~220,000MWh from the Townsville Power Station (TPS) and the Moranbah Power Station (MPS), with the acquisition of MPS increasing generation capacity and reducing operating costs. The company also completed the TPS overhaul and a Feasibility Study for the development of the 112MW Isaac Power Station (IPS), which delivered strong economics and the procurement of two GE Vernova LM6000 gas turbines.

Guidance

QPM expects to continue its strong financial performance in FY2026, with further growth in revenue and profitability driven by increased gas supply and electricity generation capacity.

Outlook

The company is well-positioned to grow its business through the development of the Isaac Energy Hub, starting with the Stage 1 112MW Isaac Power Station project. QPM's significant 435PJ 2P reserve base, infrastructure asset base and energy markets capability provide a unique platform for future growth.