Santos Ltd Reports Decline in Half-Year Profits

Santos Ltd (OTC) ( (SSLZY) ) has released its Q2 earnings. Here is a breakdown of the information Santos Ltd (OTC) presented to its investors.

Santos Ltd, a prominent player in the energy sector, specializes in the exploration, development, production, transportation, and marketing of hydrocarbons, with a focus on decarbonization technologies. In its recent half-year report for 2025, Santos Ltd reported a decrease in revenue and profit compared to the previous year, with revenue from ordinary activities down by 5% and net profit attributable to members falling by 31%. The company announced an interim dividend of 13.4 US cents per share, partially franked at 10%. Key financial metrics showed a decline, with underlying profit down by 22% and EBITDAX decreasing by 5%. Despite these challenges, Santos Ltd maintained strong production and cash flow, with significant progress in major development projects such as the Barossa Gas project and Pikka phase 1. Looking ahead, Santos Ltd remains focused on delivering sustainable shareholder returns, with production guidance updated to 90-95 mmboe for 2025.