Strike Energy Limited · ASX:STX
Strike Energy — FY2026 Earnings Presentation
18 slides from Strike Energy's earnings presentation, Sep 29, 2026
Slide 1: FY26 Full Year Results
personal use only FY26 FULL YEAR RESULTS Delivering a secure energy future 29 Sept 2026 ASX:STX ASX:STX
Slide 2: Disclaimer and Important Notices
DISCLAIMER AND IMPORTANT NOTICES Summary information decision, should be made based solely upon appropriate due diligence and other inquiries. Before making any investment decision, personal use only This presentation contains summary information and statements about Strike Energy Limited (ASX:STX)
Slide 3: Strike at a Glance
STRIKE AT A GLANCE A leading independent energy company delivering reliable domestic gas and flexible power generation to Western Australia Refreshed Leadership personal use only Market Cap ASX-listed energy company (ASX: STX) focused on Perth Basin Nev Power gas. $414m1 Chair Shares on issue Produc
Slide 4: Our Portfolio
OUR PORTFOLIO A leading Perth Basin pure play Total Reserves and Resources Lockyer & Operator in all North Erregulla permits At current market cap, Reserves and Resources valued at personal use only Waitsia Erregulla Deep $0.68 per GJ (2P + 2C)1,2 with material exploration L25 Walyering Cash flow fr
Slide 5: FY26 Highlights & Recent Milestones
FY26 HIGHLIGHTS & RECENT MILESTONES Building the platform for growth personal use only 85MW 251PJ 16.4PJ1 SOUTH ERREGULLA POWER PROJECT WEST ERREGULLA NET 2P RESERVES1 WALYERING 2P SALES GAS RESERVES2 Advanced through construction and commissioning Increased 2P Reserves by 20% post Natta 3D Increase
Slide 6: FY26 Financial Results
FY26 FINANCIAL RESULTS Investing in growth personal use only SALES REVENUE UNDERLYING EBITDA1 CASH AT 30 JUNE 2026 CAPEX FY26 $62.8m $17.6m $46.3m $151.3m 3rd party gas maintained firm Investment increased Lower Walyering production commitments materially Natural field decline and compression Strike
Slide 7: Walyering
WALYERING Restoring production & Rebuilding Reserves personal use only LOWER FIELD PRODUCTION FY25 Reservoir decline Compression requirement Status Production Rate1 Third-party gas used to maintain firm Online 20 TJ/day contract commitments Reserves Contingent Resources 2P: 16.4 PJ2 2C: 17 PJ2
Slide 8: South Erregulla
SOUTH ERREGULLA Approaching commercial operations personal use only GENERATING STRIKE OWNED & RESERVES & CAPACITY OPERATED RESOURCES 85MW 100% 45 PJ 2P1 37 PJ 2C1 A new high-margin earnings stream for Strike with exposure to both capacity and electricity markets CAPACITY REVENUE2 ELECTRICITY SALES R
Slide 9: Strategic Energy & Infrastructure Position
STRATEGIC ENERGY & INFRASTRUCTURE POSITION 3,500 ha freehold land positioned at the intersection of energy, transmission and digital infrastructure personal use only WEST ERREGULLA 251 PJ 2P + 48 PJ 2C1 Existing 132 KV GERALDTON transmission line ~90km Recently constructed SOUTH ERREGULLA transmissi
Slide 10: West Erregulla
WEST ERREGULLA A defined pathway to market personal use only INDICATIVE ANNUAL TARGET UPSTREAM FID TARGET FIRST GAS REVENUE AT $8/GJ $127M MID FY28 MID CY29 Status Target Production Rate Pre-FID 43.5 TJ/day1 Post year end agreements materially advanced one of Strike’s largest growth Development Path
Slide 11: Funding the Next Phase
FUNDING THE NEXT PHASE At 30 June 2026 ($m) personal use only Facility Limit ($m) Drawn 30 Jun 26 Pricing Repayment Macquarie debt – Tranche A1 60.0 60.0 BBSW + 6.0% From Dec 26; matures Mar 29 Macquarie debt – Tranche A2 13.0 13.0 BBSW + 6.0% From Dec 26; matures Mar 29 Macquarie debt – Tranche B1
Slide 12: A Pipeline of Growth
A PIPELINE OF GROWTH Multiple paths to grow production, revenue and cash flow PRODUCING NEAR-TERM DEVELOPMENT FUTURE personal use only NOW CASH FLOW PIPELINE UPSIDE OCEAN HILL + WALYERING SOUTH ERREGULLA WEST ERREGULLA KADATHINNI TWO REVENUE STREAMS 251 PJ3 STRIKE SHARE At a target production rate o
Slide 13: Scaling Strike Beyond 2030
SCALING STRIKE BEYOND 2030 personal use only ADDITIONAL UPSIDE OCEAN HILL L26 KADATHINNI Beyond the core asset plan NEAR-FIELD MATERIAL Exploration success provides 180 PJ 2C1 UPSIDE SCALE the potential to: Extend production Large prospects and leads 100%-owned Significant prospects surrounding West
Slide 14: FY27 Financial Priorities
FY27 FINANCIAL PRIORITIES personal use only 01 02 CONVERT SOUTH ERREGULLA INTO CASH FLOW SERVICE DEBT FROM OPERATING CASH FLOW Total forecast project cost about $186m; practical completion forecast 31 Asset finance amortises from October 2026; Macquarie debt from October 2026. December 2026. 03 04 F
Slide 15: Why Strike? Why Now?
WHY STRIKE? WHY NOW? personal use only WEST ERREGULLA REVENUE GROWTH DIVERSIFIED ENERGY FUNDING PATHWAY ORGANIC GROWTH UNDERVALUED UNLOCKED EXPOSURE Walyering, South Natural gas production Development funding ~3,000 km2 of Perth Basin World class asset base with A clear development Erregulla and Wes
Slide 16: Delivering a secure energy future
personal use only Delivering a secure energy future Click to edit Master subtitle style For further information: strike@strikeenergy.com.au strikeenergy.com.au ASX:STX ASX: STX
Slide 17: Appendix A: Underlying EBITDA Reconciliation
APPENDIX A: UNDERLYING EBITDA RECONCILIATION personal use only Underlying EBITDA Reconciliation 2026 2025 $’000 $’000 Revenue from gas and oil sales 62,777) 72,717) Cost of sales excluding depreciation and amortisation (29,954) (17,707) Other income 1,376) 4,301) Other operating excluding D&A (16,61
Slide 18: Forward Looking Statements and Other Information
FORWARD LOOKING STATEMENTS AND OTHER INFORMATION Reserves and Resources Estimates Any such forward looking statement inherently involves known and unknown risks, uncertainties and other factors that may cause personal use only Information in this presentation relating to: actual results, performance