Business
Bengal Energy : Fourth Quarter Results (Q4 F2025 Report)
Bengal Energy : Fourth Quarter Results (Q4 F2025
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n \n \n International exploration & production\n \n \n \n Management's Discussion & Analysis\n \n \n Three months and Year ended March 31, 2025 and 2024\n \n \n BENGAL ENERGY LTD.\n \n \n The following Management's Discussion and Analysis (\"MD&A\") of the consolidated financial results of Bengal Energy Ltd. (\"Bengal\" or the \"Company\") is at and for the three months and year ended March 31, 2025 and March 31, 2024. This MD&A dated June 30, 2025, should be read in conjunction with the Company's consolidated financial statements and related notes for the year ended March 31, 2025. The consolidated financial statements of the Company have been prepared in accordance with IFRS Accounting Standards (\"IFRS\") as issued by the International Accounting Standards Board (\"IASB\").\n \n \n The functional currency of the Company's operating subsidiary, Bengal Energy (Australia) Pty Ltd. (\"Bengal Australia\"), is the Australian dollar; the functional currency of the Company is the Canadian dollar (\"CAD\"). The Company's presentation currency is the CAD. In this MD&A, all dollar amounts are expressed in CAD unless otherwise noted.\n \n \n This MD&A contains non-IFRS measures, abbreviations and forward-looking information relating to future events and the Company's future performance. Please refer to \"Non-IFRS Measurements\", \"Abbreviations\" and \"Advisories\" sections at the end of this MD&A for further information. Additional information relating to Bengal, including Bengal's audited March 31, 2025, consolidated financial statements and other filings are available on SEDAR at https://www.sedarplus.ca. In the following discussion, the three months ended March 31, 2025, may be referred to as \"fourth quarter of fiscal 2025\", \"Q4 fiscal 2025\", \"current quarter\", and \"the quarter\". The comparative three months ended March 31, 2024, may be referred to as \"fourth quarter of fiscal 2024\", \"Q4 fiscal 2024\" and \"prior year's quarter\". The year ended March 31, 2025, may be referred to as \"fiscal 2025\", \"current year\", and \"the year\". The comparative year ended March 31, 2024, may be referred to as \"the previous year\", \"prior year\", and \"fiscal 2024\".\n \n \n \n FOURTH QUARTER FISCAL 2025 SUMMARY\n \n \n Financial summary:\n \n \n 0F 10\n Reserves - Bengal's independently evaluated Proved...