• FY26 production guidance increased, strong H2 production expected across all three assets
• New contracts and CPI indexation driving ~20% increase in contracted gas prices from 1 January 2026
• ECSP drilling commenced, active negotiations with potential customers for ECSP foundation contracts, FID expected in coming weeks

Amplitude Energy Limited reported record operational and financial metrics in H1 FY26, including record group production of 13.9 PJe, record sales revenue of $141.5 million, and record underlying EBITDAX of $100.3 million with a 71% margin. The company's Orbost Gas Processing Plant (OGPP) set new production records, with further increases expected from debottlenecking, and the Sole reservoir performance remained strong. In the Otway and Cooper Basins, development work is expected to result in production recovering in H2 FY26. Amplitude Energy is also benefiting from new contracts and CPI indexation, driving a ~20% increase in contracted gas prices from 1 January 2026, while retaining exposure to tight spot markets. The company has commenced drilling for the East Coast Supply Project (ECSP) and is in active negotiations with potential customers for ECSP foundation contracts, with a final investment decision (FID) expected in the coming weeks. Amplitude Energy continues to maintain excellent safety, environmental, and community performance, ahead of industry benchmarks. The company has also launched a continuous improvement program targeting around $10 million in annualised cashflow improvements by the end of FY26.

Amplitude Energy has increased its FY26 production guidance and expects strong H2 production across all three of its assets. The company also expects a ~20% increase in contracted gas prices from 1 January 2026.

Amplitude Energy is well-positioned to grow production through its existing infrastructure and maximize returns. The company is making progress on its East Coast Supply Project, with drilling underway and active negotiations for foundation contracts, and expects a final investment decision in the coming weeks.