Central Petroleum Limited (CTP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Our presentation today covers Central Petroleum's annual results for 2025. I'm Leon Devaney, CEO and Managing Director of Central Petroleum, and I am joined by our CFO, Damian Galvin. Throughout today's presentation, you are welcome to submit questions online, which we will address at the end. Please ensure you read the legal disclaimer that applies to this presentation. Last week, we released our 2025 annual report. Consistent with our quarterly reports, the company has achieved several key milestones that highlight strong operational and financial progress. A major success was the conclusion of a competitive gas marketing effort that resulted in a significant multi-year gas sales agreement that de-risks and strengthens the company's future cash flows. Operationally, two new production wells were drilled and brought online at Rainey, These wells were completed ahead of schedule, under budget, and delivered production rates well above initial expectations, demonstrating effective project execution and strong asset performance. On the financial front, the company restructured its debt with a revised amortization schedule extending to 2030, eliminating refinancing risk and increasing our financial flexibility. As a result of these achievements, the company has the capacity to undertake a share buyback program, marking its first shareholder return event since listing nearly 20 years ago. I'll now hand over to Damian to go through our annual results in more detail. Thanks Leon. FY 2025 has certainly proven to be a pivotal year for the company and the results won't come as a surprise for those who've been following our quarterly results. Our bottom line statutory profit of $7.7 million is I think in many ways more satisfying than the $12.4 million profit we posted last ye...