By Digifin Pty Ltd · About this coverage
Key Points
- FY26 sales revenue $62.8m; Underlying EBITDA $17.6m; cash $46.3m at 30 June
- Loss for the year $27.187m versus $157.328m in FY25
- West Erregulla net 2P Reserves up about 20% to 251 PJ (50% interest)
- South Erregulla 85 MW power project targets commercial ops in Q4 CY26
- Post year end: Belisama preferred; up to $30m pre-FID funding in-principle
About Strike Energy (ASX:STX)
Strike Energy Limited is an ASX-listed gas exploration, production and gas-to-power company headquartered in Perth. It holds exploration and production acreage across the onshore Perth Basin in Western Australia, where its interests include the Walyering and West Erregulla gas fields and the South Erregulla project. Its gas is directed at the Western Australian domestic market.
Strike Energy Limited (ASX:STX) has released its Annual Report for the year ended 30 June 2026, reporting FY26 sales revenue of $62.8 million and progress across South Erregulla, West Erregulla and Walyering.
FY26 sales revenue was $62.8 million (FY25: $72.7 million), with net cash inflows from operating activities of $6.4 million (FY25: $42.6 million) and Underlying EBITDA of $17.6 million (FY25: $41.6 million). Cash and cash equivalents at 30 June 2026 were $46.3 million (30 June 2025: $41.1 million). Loss for the year was $27.187 million (FY25: $157.328 million). Construction and commissioning of the 85 MW South Erregulla Peaking Power Project advanced substantially during FY26, with commercial operations targeted in Q4 CY26. Following an independently audited Reserves and Resources review, net 2P Reserves at West Erregulla increased by approximately 20% to 251 PJ. Strike interest is 50%; the estimates were Strike evaluated and independently audited by Miller & Lents, Ltd. Post year end, Strike selected Hancock Energy's Belisama Gas Processing Facility as its preferred processing solution for West Erregulla, targeting 43.5 TJ/d of processing capacity net to Strike, and agreed in-principle up to $30 million of pre-FID funding support via loan. Post year end, $30 million of committed Macquarie Bank Limited financing capacity became available. Shelley Robertson was appointed Managing Director & CEO from 1 June 2026 and Nev Power Chair from 1 July 2026.
The release does not provide FY27 financial guidance, or a binding FID date for West Erregulla.
Source: Strike Energy Limited (ASX:STX), 23 September 2026. Summary content supplied by Digifin Pty Ltd.
News summary only, not financial advice. It does not consider your objectives, financial situation or needs.