H1 FY26 Financial Report
| Stock | AEL.ASX (AEL.ASX) |
|---|---|
| Release Time | 25 Feb 2026, 8:11 a.m. |
| Price Sensitive | Yes |
Amplitude Energy Limited Reports H1 FY26 Financial Results
- Record gas and oil production of 75.5 TJe/d, up 2.7% from H1 FY25
- Underlying EBITDAX increased 9% to $100.3 million
- Raised $150 million in equity to fund growth initiatives
Amplitude Energy Limited ('Amplitude Energy', or the 'Company') generated revenue from the production of gas and liquids from the Gippsland and Otway basins, and production of oil from the Cooper Basin. The Company achieved excellent health, safety and environmental performance, with no recordable injuries, Tier 1 or Tier 2 process safety events or reportable environmental incidents. H1 FY26 gas and oil production was a record 75.5 TJe/d, up 2.7% from H1 FY25. In the Gippsland Basin, Sole gas production increased 8% to 66.3 TJ/d, while in the Otway Basin, CHN gas and liquids production was 20% lower at 8.2 TJe/d due to natural field decline. Crude oil production from the Cooper Basin assets declined 40% to 170 bbl/d. The Company progressed the Patricia Baleen Restart Project and the East Coast Supply Project, including the planned expansion through the Nestor prospect. Amplitude Energy recorded underlying EBITDAX of $100.3 million, a 9% increase from H1 FY25, and underlying profit after tax of $25.7 million, a 229% increase. The Company also completed a $150 million equity raise to support growth initiatives.
Amplitude Energy has increased its FY26 production guidance to 73 - 77 TJe/day, up from the previous guidance of 69 - 74 TJe/day, primarily driven by improved performance at the Orbost Gas Processing Plant.
Amplitude Energy and O.G. Energy intend to proceed to a final investment decision in Q3 FY26 to undertake the execution phase of the East Coast Supply Project expansion, targeting first gas in CY2028. The Company is in active negotiations with potential gas customers regarding foundation contracts for the project.