Key points
- Voluntary Administrators appointed for QPM and certain subsidiaries
- FTI Consulting and KordaMentha appointed as Receivers and Managers for specific subsidiaries
- QPM shares suspended from trading, updates to be provided as required
- Gas production activities resumed, power generation operations continue
- Cash and equivalents balance as of June 30, 2026, was $7.9 million
Full summary
QPM Energy Ltd has entered voluntary administration, with Mark Holland and Anthony Connelly appointed as Administrators. Separately, Chris Hill and Ben Campbell of FTI Consulting, and Ryan Rabbit and David Johnstone of KordaMentha were appointed as Receivers and Managers for certain subsidiaries. The Administrators are responsible for investigating QPM's affairs, reporting to creditors, and holding meetings of creditors to decide the future of QPM. The FTI Receivers have assumed control of QPM's gas-producing assets and are working with the Administrators to continue operations on a 'business as usual' basis. Gas production activities resumed during the quarter, and power generation operations continued. The company's cash and equivalents balance was $7.9 million as of June 30, 2026. The shares of QPM will remain suspended from trading during the administration process, with updates provided as required.