• 8% increase in quarterly production to 5.0 MMboe
• 15% increase in sales volumes to 6.8 MMboe
• 18% increase in sales revenue to $537 million

Beach Energy has reported a strong start to FY26 with increased production, two Waitsia LNG cargoes lifted during the quarter, and the Waitsia Gas Plant nearing the Ready For Start Up milestone. Production increased 8% quarter-on-quarter to 5.0 MMboe, supported by higher demand for gas over the winter period and the initial reinstatement of some flood-affected wells in the Cooper Basin. Sales volumes were up 15% to 6.8 MMboe, and sales revenue increased 18% to $537 million, supported by the additional LNG cargo. Beach made solid progress with its major projects, with commissioning of critical systems and equipment within the Waitsia Gas Plant largely completed. The Ready For Start Up milestone, which includes introduction of gas from the Waitsia field, is imminent. In the Otway Basin, the Equinox rig campaign saw two offshore wells safely plugged and abandoned, and the Hercules gas exploration well drilled. Hercules was a moderate to high-risk target and failed to intersect hydrocarbons. The second phase of Beach's Equinox rig campaign is expected to commence in H2 FY26.

Beach's FY26 production guidance assumes average daily Waitsia Gas Plant production of 90% of nameplate capacity following a four-month ramp-up period.