Key points
- Net profit after tax increased to A$28.2 million, up 341% from the prior year
- Revenue from continuing operations increased by 5% to A$63.4 million
- No final dividend declared for FY26; interim dividend of A$0.40 cents per share paid
- Sale of Cue Energy Resources Limited contributed A$19.5 million to profit
- Net assets decreased to A$146.6 million due to deconsolidation of Cue
Full summary
Echelon Resources Ltd announced its financial results for the year ended 30 June 2026, reporting a net profit after tax of A$28.2 million, a substantial increase from A$6.4 million in the prior year. The improvement was primarily due to higher revenue from continuing operations, which increased by 5% to A$63.4 million, and a gain of A$19.5 million from the sale of Cue Energy Resources Limited. The company did not declare a final dividend for FY26 but paid an interim dividend of A$0.40 cents per share. The sale of Cue also led to a decrease in net assets to A$146.6 million, reflecting the deconsolidation of Cue's assets, liabilities, and non-controlling interests.
Guidance
Net profit after tax increased to A$28.2 million for FY26
Outlook
Echelon Resources Ltd anticipates improved financial performance in the coming years, driven by continued operational efficiency and potential new opportunities.