Echelon Resources Ltd FY2026 Financial Results
Key points
- Group Net Profit after Tax up 341% to A$28.2 million
- Revenue from continuing operations up 5% to A$63.4 million
- A$37.0 million of debt repaid during the year
Full summary
Echelon Resources Ltd (ASX: ECH) reported outstanding financial results for the year ended 30 June 2026, with Group Net Profit after Tax (NPAT) increasing 341% to A$28.2 million from A$6.4 million in the prior year. Profit attributable to Echelon shareholders increased to A$24.4 million from A$3.2 million. The result was driven by strong performance from its continuing operations, particularly the Amadeus Basin gas assets, and the successful sale of its interest in Cue Energy Resources Limited (Cue). Revenue from continuing operations increased 5% to A$63.4 million, supported by stronger realized gas prices across the Amadeus Basin. Operating cash flow remained strong at A$49.9 million, and along with proceeds from the sale of the Cue interest, enabled Echelon to repay A$37.0 million of borrowings during the year, reducing external bank loan borrowing to A$10.5 million at 30 June 2026.
Guidance
Group Net Profit after Tax up 341% to A$28.2 million, Revenue from continuing operations up 5% to A$63.4 million
Outlook
Echelon plans to continue investing in its producing portfolio and pursue opportunities that complement its existing business, focusing on growing production from its Amadeus Basin acreage.
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