Energy Club NT - STO: Santos reports strong first-half results with Barossa and Pikka on track for start-up

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STO: Santos reports strong first-half results with Barossa and Pikka on track for start-up

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STO: Santos reports strong first-half results with Barossa and Pikka on track for start-up

25 Aug 2025 11:30 AM | Anonymous

Highlights:

Strong free cash flow from operations of US$1.1 billion
Sales revenue of US$2.6 billion
EBITDAX of US$1.8 billion
Net profit after tax of US$439 million, underlying profit of US$508 million
Gearing at 23.7 per cent (20.5 per cent excluding leases) and liquidity of US$3.9 billion
Interim dividend declared of US13.4 cents per share, franked to 10 per cent, totalling US$435 million
Unit production cost of US$7.28 per boe excluding Bayu-Undan
Strong average realised LNG price of US$11.57 per mmbtu
Darwin LNG ready for startup (RFSU) milestone achieved
Barossa LNG FPSO rapidly approaching RFSU
Pikka phase 1 seawater treatment plant and all production modules on location, first oil guidance accelerated to the first quarter of 2026

Source: Santos

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