Replay available

STAR ENERGY GROUP PLC (STAR) — Interim Results for the six months ended 30 June 2026

Interim Results for the six months ended 30 June 2026 hosted by STAR ENERGY GROUP PLC (LSE: STAR) on Investor Meet Company. Replay available.

Tue, September 22, 2026 at 5:00 AMendedReplay
STAR ENERGY GROUP PLC (STAR) — Interim Results for the six months ended 30 June 2026

Investor webinar replay

Meeting Overview The SAR Energy Group PLC held an interim results and investor presentation, discussing the company's financial performance, operational updates, and future strategies. Key highlights included a transition from net debt to a net cash position and ongoing efforts in project development and potential acquisitions. Key Discussion Points - Presentation of interim results up to June 30, 2026. - Transition from a net debt position to a net cash position of £4.6 million. - Strong operating cash flow generation of £6 million, a 25% increase from the previous year. - Updates on various projects, including the Singleton Gas to Wire project and Glenworth. - Focus on operational optimization and reserve extraction strategies. - Development of geothermal projects in the UK, reliant on government grants and third-party funding. - Challenges in M&A due to volatile commodity prices and policy uncertainties. - Production expectations for the year between 1900 and 1950. Decisions Made...

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Featured Presenters

Ross Glover

Chief Executive Officer at STAR ENERGY GROUP PLC

Frances Ward

Chief Financial Officer at STAR ENERGY GROUP PLC

Replay transcript excerpt

Speaker 1: Good morning, good welcome to the SAR Energy Group PLC interim results and investor presentation. Speaker 1: Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and they can be submitted at any time using the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. Before we begin, I would like to submit the following poll and I would now like to hand you over to CEO Ross Glover. Good morning to you. Speaker 2: Good morning, everybody. Thank you very much for joining us this morning. Speaker 2: We're very pleased to Speaker 2: present our interim results Speaker 2: up until the 30th of June 2026. Speaker 2: I'm joined by Francis Speaker 2: and we will take you through a relatively brief presentation and then go through your questions. Speaker 2: So I think just to sort of set the scene, we're really proud of where the business has come from over the last year. Speaker 2: A couple of Speaker 2: sort of key metrics to put out of the slide. Speaker 2: We've turned from a net debt position Speaker 2: to a net cash position. We obviously completed a fundraise Speaker 2: over the last 6 months, Speaker 2: but we've also continued to invest in our business, Speaker 2: paid our debt as well. So Speaker 2: the net cash position is really pleasing to see. Speaker 2: As well as that, there's obviously a Speaker 2: really decent cash position within the business. Speaker 2: In fact, that's probably slightly higher today, actually had a couple of months of oil revenues in. Speaker 2: But I think really, Speaker 2: over the past year, we've turned the business Speaker 2: from 1 where we are managing the decline Speaker 2: in existing assets. Speaker 2: We've been trying to ...

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