Australis Oil & Gas (ATS) H1 2025 earnings summary

Executive summary

• Principal activity is oil and gas exploration, development, and production, focused on the Tuscaloosa Marine Shale (TMS) in Louisiana and Mississippi, USA.

• Produced from 30 operated and 18 non-operated wells during the period, with total sales volumes of 110,000 bbls, down from 132,000 bbls in 1H 2024.

• Revenue for the half-year was US$7.7 million, including a hedge contract settlement gain.

• Loss after tax was US$1.9 million, an improvement from a US$4.0 million loss in 1H 2024.

• No dividends were paid or declared for the period.

Financial highlights

• Revenue decreased to US$7.7 million from US$10.4 million year-over-year.

• Field Netback was US$2.5 million, a 35% decrease from 1H 2024.

• Adjusted EBITDA was US$0.7 million, down 44% year-over-year.

• Earnings excluding non-cash items were US$0.5 million, a 58% decrease from 1H 2024.

• Net debt at 30 June 2025 was US$1.9 million, down from US$2.2 million at 31 Dec 2024.

Outlook and guidance

• Market conditions are seen as improving, with attention expected to increase for de-risked areas like the TMS Core.

• The company is actively seeking a partner to advance TMS asset development and monetisation.