Beach Energy Limited (BPT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to hand the conference over to Mr Brett Woods, Managing Director and Chief Executive Officer. Please go ahead. Good morning everyone and welcome to Beach Energy's FY25 full year results presentation. Joining me today is Anne-Marie Barbaro, our Chief Financial Officer. Together we will take you through our results for the year and our latest outlook for FY26 before we open up the lines for Q&A. We thought it was appropriate to bring forward our results, given there was a lot of news out in the quarterly last Thursday, including reserves revision and a non-cash impairment, which we will discuss today. This year, Beach made significant progress against our strategic review objectives and its company vision of becoming Australia's leading domestic energy company, while delivering outstanding safety, environmental performance and strong financial results. It was Beach's operated assets which drove our solid results Those operations within our control and over which we apply our strict operating principles have transformed Beaches Foundation. We ended the year with a strengthened balance sheet and the financial flexibility to pursue both organic and opportunistic growth. Beaches operated assets and non-operated interests now supply 19% of the entire East Coast domestic gas market. This positions Beaches as one of the most significant suppliers of gas to the East Coast. Slide two sets out the compliance statements, which I'll lead you to read at your leisure. We begin with slide three, which conveys a compelling value proposition for BEACH. The hard work we've put in over the last 12 months has clearly transformed the organisation and strengthened our foundation for growth. We've materially lowered operating costs, expanded margins and finished with a year ...