East Coast Gas Market PositionControlling roughly 19% of the East Coast domestic gas market gives Beach durable scale and commercial leverage across buyers and pipelines. That market share supports stable baseload sales, long‑dated customer relationships and better utilisation of infrastructure, underpinning predictable revenue and lower per‑unit fixed costs over the medium term.
Improving Cash GenerationA 20% rise in underlying EBITDA and a 32% lift in underlying NPAT indicate stronger cash conversion from operations. Durable cash generation increases the company’s ability to fund capital programs, sustain dividends, service debt and pursue opportunistic growth without immediate reliance on equity or high‑cost external funding.
Lower Cost Base & Breakeven TargetsMaterial cost reductions and a stated goal to cut pre‑growth breakeven to below $30/boe, plus a unit cost target of ~$11/boe, point to a structurally lower cost profile. Sustained low unit costs improve margins across commodity cycles, increase resilience to price swings and expand economically viable development opportunities.