Beach Energy reports strong FY25 results, board changes, substantial shareholder

Beach Energy Limited achieved material growth in FY25, with production up 9% to 19.7 MMboe, sales volumes increasing 16% to 24.7 MMboe, and sales revenue rising 13% to $2.0 bn. Underlying EBITDA grew 20% to $1.1 bn, and pre-growth free cash flow surged over 4x to $657 m. Shareholders received a record fully franked final dividend of 9 cps. Key operational milestones included a 33% headcount reduction, 18% cut in field operating expenditure, and 20% reduction in sustaining capital expenditure. The Moomba CCS project abated over 1.3 million tonnes of CO2 equivalent, and the Waitsia Gas Plant is set to deliver first sales gas imminently.

All resolutions at the 2025 annual general meeting were carried, including the adoption of the remuneration report, the re-election of Sally-Anne Layman and Ryan Stokes AO as directors, and the election of Shaun Gregory. Sally-Anne Layman will assume the role of lead independent non-executive director following Peter Moore’s retirement.

First Sentier Group Limited became a substantial holder on November 11, 2025, holding 115,224,018 fully paid ordinary shares, representing 5.05% of voting power. Sally-Anne Layman also increased her indirect interest in Beach Energy by acquiring 41,500 fully paid ordinary shares on November 14, 2025, bringing her total holdings to 86,500 shares.