Strong Financial Performance
Sales revenue of $2.6 billion generated EBITDAX of $1.8 billion. Free cash flow from operations was $1.1 billion, with a profit after tax of $439 million.
Safety and Operational Efficiency
A 46% improvement in the total recordable injury rate compared to the first half of 2024, with process safety performance also improving.
Successful Project Execution
Barossa remains on schedule with production expected shortly. The Darwin LNG plant is ready for start-up, and the Alaska project has brought first oil guidance forward to the first quarter of 2026.
Strong LNG Portfolio Performance
92% of the LNG portfolio is contracted, and around 80% is oil linked between 2025 and 2029, with strong release prices supporting cash margins.
CCS Progress
Moomba CCS Phase 1 has safely and permanently stored more than 1 million tonnes of CO2 equivalent, improving Santos emissions intensity by 22%.