Echelon Resources Reports 34% Revenue Increase and 42% Rise in NPAT Excluding Impairments for FY25

Reuters
Sep 01, 2025
Echelon Resources Reports 34% Revenue Increase and 42% Rise in NPAT Excluding Impairments for FY25

Echelon Resources Limited has announced its financial results for the year ended 30 June 2025, reporting a 34% increase in revenue to A$115.3 million, up from A$85.9 million the previous year. This increase is attributed to the first full year impact of acquiring an additional 25% interest in the Mereenie field. Production volumes rose by 26%, facilitated by recently drilled in-fill wells and new gas sales agreements within the Northern Territory. Net Profit After Tax (NPAT) attributable to shareholders, excluding impairment and exploration expenditure, rose 42% to A$16.5 million, compared to A$11.6 million from the previous year. However, overall Group NPAT decreased by 12% to A$6.4 million from A$7.2 million. The company has also reported a significant increase in net operating cash flows, which rose 62% to A$54.1 million from A$33.4 million. The final dividend is set at AUD 0.75 cents per share, bringing the full year dividend to AUD 2.25 cents per share. The company continues to focus on disciplined exploration, despite recognizing exploration expenditures of A$8.5 million, due to unsuccessful drilling activities in the Perth Basin. Impairments include a A$3.2 million charge for Echelon's 4% share of the mature Kupe field in New Zealand, and a withdrawal from exploration assets in the Perth Basin, resulting in a A$2.0 million impairment.

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