• Record FY26 operational and financial metrics achieved
• Strong start to Gippsland Basin production in FY27
• Increase in contracted sales and gas marketing & trading value add
• ECSP de-risked through Artisan acquisition
• Juliet exploration drilling imminent

AEL.ASX reported record FY26 operational and financial metrics, with a strong start to Gippsland Basin production in FY27. The company achieved record production and financial metrics, including underlying EBITDAX of $191.8 million, a 67% margin, and an average realized gas price of $10.36/GJ. The ECSP has been de-risked through the acquisition of Artisan, with a Final Investment Decision on project development expected in the near term. Juliet exploration drilling is imminent, followed by Annie development. The company's strategy to maximize asset utilization is on track, with a focus on further cost improvements and sustainable emissions reductions.

FY26 underlying EBITDAX $191.8m, margin 67%, average realized gas price $10.36/GJ

Juliet exploration drilling imminent, Annie development expected, and focus on cost improvements and sustainable emissions reductions.