• Production of 9.5 MMboe, down 7% on H1 FY25
• Sales revenue of $982 million with four Waitsia LNG cargoes contributing $233 million
• Underlying EBITDA of $558 million, Underlying NPAT of $219 million

Beach Energy Limited (ASX: BPT, Beach) today announced its FY26 first half results. Managing Director and CEO Brett Woods said 'In an active period of major project delivery, it was pleasing to see strong operations and outstanding safety and environmental performance across all assets. This has underpinned our solid earnings, positive cash flow generation and a further strengthening of our financial position as we continue to invest in growth across our core East and West Coast hubs.' In the West, first sales gas export was achieved from the Waitsia Gas Plant following transition from construction and commissioning activities to production operations. On the East Coast, Beach completed phase 1 of the offshore Equinox rig campaign and continued drilling in the Cooper Basin JV. Restoration of road access enabled Beach to commence a 12-well oil appraisal and development campaign in the Western Flank. Moomba CCS continued to perform well with over 556 kt CO2e safely injected in the period and over 1.5 Mt CO2e injected in just over a year of operations. Beach supplied more than 18% of East Coast gas demand in the first half, highlighting the critical role of domestic-only producers. Four Waitsia LNG swap cargoes paired with strong realised gas prices helped drive solid first half earnings, which supported free cash flow generation during a period of major project delivery.

FY26 production guidance: 19.7 - 22.0 MMboe; FY26 capital expenditure guidance: $675 - 775 million