Strike Energy
STX.ASXEnergy
Vertically integrated, low-carbon energy business.
Market Data
$0.118
-0.1%$449.9M
-100000.0x
$-0.053
0.00%
-0.1%
Latest Earnings
FY26 Half Year Results Summary
26 February 2026
Strike Energy reported stable revenue of $36 million for 1H FY26 but posted a $12.3 million loss, though this was an improvement from the $15.5 million loss in the prior period. The company strengthened its balance sheet with $86 million raised from Carnarvon Energy and is making strong progress on its South Erregulla power plant (77% complete) while maintaining low-cost gas production at Walyering. Key points: South Erregulla 85 MW power plant 77% complete, on track and on budget for October 2026 completion; Strong liquidity position with $69.5 million cash plus $58 million undrawn committed facilities; Low cost of production maintained at $0.75 per gigajoule with 3.8 PJe gas production
Recent Announcements
FY26 Half Year Results Summary
Strike Energy reported stable revenue of $36 million for 1H FY26 but posted a $12.3 million loss, though this was an improvement from the $15.5 million loss in the prior period. The company strengthened its balance sheet with $86 million raised from Carnarvon Energy and is making strong progress on its South Erregulla power plant (77% complete) while maintaining low-cost gas production at Walyering. Key points: South Erregulla 85 MW power plant 77% complete, on track and on budget for October 2026 completion; Strong liquidity position with $69.5 million cash plus $58 million undrawn committed facilities; Low cost of production maintained at $0.75 per gigajoule with 3.8 PJe gas production
FY26 Half Year Results Presentation
Strike Energy Limited (ASX:STX) reported its FY26 half-year results with underlying net profit after tax of -$12 million (down 18% from 1H FY25) and underlying EBITDA of $14 million (down 10% from 1H FY25), alongside total production of 3.8 PJe and revenue of $36 million. The company is progressing construction of its South Erregulla 85 MW peaking power plant (77% complete, targeted for October 2026 online) and advancing pre-FID development options for the West Erregulla gas project while maintaining its Walyering production asset.
1H FY26 Financial Results Webinar Details
Strike Energy Limited (ASX: STX) will release its 1H FY26 Financial Results on 26 February 2026, with Managing Director Peter Stokes and CFO Tim Cooper hosting a webinar at 9 am AWST/12 pm AEDT followed by a Q&A session; a recording will be available on the company's website.
2025 Full Year Results
Strike Energy delivered strong operational performance in FY25 with sales revenue increasing 59.4% to $72.7M and Underlying EBITDA nearly doubling to $41.6M, supported by stable Walyering production and $42.6M in operating cash inflows. However, a $157.3M net loss was recorded due to a $103.3M impairment of Walyering assets reflecting downward reserve revisions, though management remains confident in the strategic direction following completion of their Strategic Review and commencement of the 85MW South Erregulla power station construction. Key points: Revenue grew 59.4% to $72.7M with Underlying EBITDA nearly doubling to $41.6M, demonstrating strong operational performance; Operating cash flow of $42.6M and cash position of $41.1M provide financial flexibility, enhanced by $217M Macquarie financing facility execution; Major project milestones achieved: South Erregulla FID taken with construction commenced on 85MW integrated gas-to-power facility; Erregulla Deep-1 confirmed high-deliverability new gas discovery
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