• Achieved outstanding safety and environmental performance, with 12 months recordable injury free
• Waitsia Gas Plant ramp-up underway, targeting full nameplate capacity of 250 TJ/day
• Continued investment in East Coast gas supply, delivering 18% of total demand

Beach Energy's FY26 half-year results demonstrate the company's commitment to operational excellence, safety, and environmental stewardship. The company achieved 12 months recordable injury-free across all operations, with no Process Safety Tier 1 or 2 events. The Waitsia Gas Plant ramp-up is underway, with the plant achieving a peak production rate of 165 TJ/day in January 2026. The company is targeting full nameplate capacity of 250 TJ/day through the commissioning of additional compressors in Q3 FY26. Beach continues to invest in East Coast gas supply, with over $2 billion of capital invested over the past five years to discover and develop new gas resources. In H1 FY26, Beach delivered 18% of the total East Coast gas demand, supporting domestic energy security. The company's financial performance was solid, with $1 billion in total revenue and $558 million in underlying EBITDA. Beach maintains a strong balance sheet, with $925 million in available liquidity at the end of the half-year. The company's forward outlook includes ongoing drilling activities in the Cooper Basin, progress on the Equinox Phase 2 project, and the commencement of a 12-well oil development and appraisal campaign, followed by a 10-well exploration campaign in the Western Flank.

Production: 19.7 - 22.0 MMboe (no change) Capital expenditure: $675 - 775 million (no change)

Beach Energy remains focused on operational excellence, safety, and environmental stewardship, while continuing to invest in domestic gas supply to support Australia's energy security. The company's key priorities for the second half of FY26 include expanding commercial marketing with industrial and power generation customers, progressing the Cooper Basin drilling program, completing the Waitsia Gas Plant ramp-up, and executing the planned offshore and onshore oil campaigns.