Beach Energy Limited (BPT) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.556 I would now like to hand the conference over to Mr Brett Woods, Managing Director and 00:00:03.556 -- 00:00:07.980 Chief Executive Officer. Please go ahead. 00:00:08.183 -- 00:00:14.131 Good morning everyone and welcome to Beach Energy's FY25 full year results presentation. 00:00:14.131 -- 00:00:18.097 Joining me today is Anne-Marie Barbaro, our Chief Financial Officer. 00:00:18.097 -- 00:00:21.602 Together we will take you through our results for the year and our latest outlook for 00:00:21.602 -- 00:00:26.704 FY26 before we open up the lines for Q&A. We thought it was appropriate 00:00:26.704 -- 00:00:29.969 to bring forward our results, given there was a lot of news out in the quarterly last 00:00:29.969 -- 00:00:34.656 Thursday, including reserves revision and a non-cash impairment, which we will discuss 00:00:34.656 -- 00:00:40.625 today. This year, Beach made significant progress against our strategic review objectives 00:00:40.625 -- 00:00:45.853 and its company vision of becoming Australia's leading domestic energy company, 00:00:45.853 -- 00:00:51.943 while delivering outstanding safety, environmental performance and strong financial results. 00:00:51.943 -- 00:00:56.536 It was Beach's operated assets which drove our solid results Those operations within 00:00:56.536 -- 00:01:00.981 our control and over which we apply our strict operating principles have transformed 00:01:00.981 -- 00:01:02.804 Beaches Foundation. 00:01:02.804 -- 00:01:07.309 We ended the year with a strengthened balance sheet and the financial flexibility 00:01:07.309 -- 00:01:11.073 to pursue both organic and opportunistic growth. 00:01:11.073 -- 00:01:16.119 Beaches operated assets and non-operated interests now supply 19% of the entire 00:01:16.119 -- ...