Tamboran Resources Reports No Revenue for Fiscal Years 2025 and 2024; Net Loss Widens to $39.6 Million from $23.9 Million

Reuters
Sep 26, 2025
Tamboran Resources Reports No Revenue for Fiscal Years 2025 and 2024; Net Loss Widens to $39.6 Million from $23.9 Million

Tamboran Resources Corporation reported its financial results for the fiscal year ended June 30, 2025. The company did not record any revenue from natural gas production for the year, as operations remain in the exploration drilling stage to assess commercial viability. This is unchanged from the previous fiscal year, with no sales or revenue reported in either period. The company posted a net loss of $39.6 million for the fiscal year, compared to a net loss of $23.9 million in the prior year. Total comprehensive loss attributable to Tamboran Resources Corporation stockholders was $33.6 million, versus $22.1 million in the previous year. The increase in net loss was primarily associated with higher compensation and benefits, including stock-based compensation, which rose by $4.0 million due to restricted stock units granted in August 2024 and increased headcount. Tamboran Resources Corporation was incorporated in October 2023 and became the parent company of TR Ltd. following a corporate reorganization in December 2023. As a result, the financial statements of TR Ltd. are now consolidated within Tamboran's financial statements. The company's management highlighted that the future financial condition and results of operations will depend on the successful development and commercialization of its natural gas assets through ongoing drilling programs. Availability of critical supplies, such as fuel, steel, and chemicals, remains a focus, with efforts underway to diversify suppliers. No production or sales revenue is expected until commercial gas production commences.

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