Business
Annual Report & Accounts for Year End 30 June 2025
Mosman Oil and Gas Limited reported increased revenue from continuing operations to AUD $504k, up from AUD $186k in the previous year, primarily due to acquired production at Sagebrush. However, on a consolidated basis, revenue decreased materially due to the absence of revenue from discontinued operations following the divestment of oil assets. The company experienced a net loss of AUD $10.3m, significantly higher than the previous year's AUD $1.5m loss, and cash at year-end was AUD $3.9m, which decreased to $2.6m by 25 September 2025. The company has strategically repositioned towards helium exploration and development, with Sagebrush in Colorado as the cornerstone asset, while progressing the exit from legacy oil interests. Disclaimer*
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[{"type":"text","content":"\n\n\n26 September 2025\n \nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \n \nAnnual Report and Accounts for the Year Ended 30 June 2025\nMosman Oil and Gas Limited (AIM: MSMN), the helium, hydrogen and hydrocarbon company, announces that its Annual Report and Accounts for the financial year ended 30 June 2025 have today been released and are available on the Company's website at: www.mosmanoilandgas.com/investors\nThe Annual Report will also be sent to shareholders who have elected to receive hard copies.\nKey Highlights\n· Revenue from continued operations increased to AUD $504k (FY24: $186k). Revenue from continuing operations increased during the year, primarily reflecting the acquired production at Sagebrush. On a consolidated basis, revenue decreased materially compared with the prior year due to the absence of revenue from discontinued operations following the divestment of oil assets.\n· Net loss of AUD $10.3m (FY24: $1.5m),\n· Cash at year-end of AUD $3.9m. Cash balance 25 September 2025 $2.6m.\n· Strategic repositioning to helium exploration and development, with Sagebrush in Colorado established as the cornerstone asset.\n· Progressing completion of exit from legacy oil interests, aligning operations fully with helium growth strategy.\n· Strengthened Board and management team with new appointments and governance enhancements.\nCarl Dumbrell, Executive Chairman of Mosman, commented: \"FY25 marked a transformational year for Mosman as we repositioned the business squarely towards helium - a critical and high-value global resource. With Sagebrush validated by independent resource auditing and on track for seismic acquisition and flow testing in FY26, we are entering a period of significant value-driving activity. The divestment of non-core oil interests has sharpened our focus and positioned us to move decisively in this new phase. I am confident that Mosman now has the assets, team and strategy in place to unlock substantial shareholder value. On behalf of the Board, I thank shareholders for their continued support as we deliver on the exciting opportunities ahead.\"\nAdditional Information\nCopies of the ...