88 Energy Limited AIM:88E
- Incorporated
- Australia
- Chief executive
- Ashley Gilbert
- Reports in
- AUD
Read straight from the annual reports
1.1c at close on 5 Oct 2026 · 11 reported years, 2015–2025
| Line | FY201512/15 | FY201612/16 | FY201712/17 | FY201812/18 | FY201912/19 | FY202012/20 | FY202112/21 | FY202212/22 | FY202312/23 | FY202412/24 | FY202512/25 | FY2026unreported |
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| Exceptional items | — | — | — | — | — | — | — | — | — | |||
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| EBITDA | — | — | ||||||||||
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AUD millions, negatives in brackets. Per-share lines in cents, share counts in millions. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated. The share price above is drawn to the same columns: each close sits over the financial year it fell in.
9 years, at a glance
C000006-AR-2025-asx
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No product/sales revenue generated; income is limited to interest on cash and JV settlement interest
Revenue and other income of $345,352 (2025) and $821,553 (2024) comprised entirely of interest revenue including interest charged to Burgundy Xploration on outstanding cash calls
page 42G&A cost recoveries from Joint Venture partners
Administrative expenses shown net of recoveries of $580,839, mainly from Project Leonis/South Prudhoe and Project Phoenix, representing time spent by Group employees on JV exploration capitalised to the relevant area of interest
page 42Impairment of relinquished exploration & evaluation assets and associate investment
A$28.5m Peregrine and A$1.8m Umiat E&E impairments plus A$16.66m impairment of the Bighorn Energy associate investment drove the net loss to A$52.9m in 2025 (2024 loss A$32.8m)
page 4288 Energy enters 2026 with a portfolio centred on Alaska, complemented by exploration optionality in Namibia, maintaining capital discipline and increased emphasis on securing strategic partnerships ahead of future drilling and development decisions
page 7On 19 February 2026, 88 Energy announced an internal Prospective Resource assessment for South Prudhoe (100% WI, 16.7% royalty): combined internal Gross (2U) Best Estimate of 507 MMbbls of oil and NGLs (422 MMbbls net), covering maiden Ivishak and Kuparuk estimates across five reservoir intervals
page 57No dividends have been paid or declared by the Group since the end of the previous financial year, and none is recommended for the current financial year. The Company has no franking credits
page 26Directors and auditor (BDO Audit Pty Ltd, lead auditor Ashleigh Woodley) identify a material uncertainty related to going concern given the A$52.9m 2025 loss and A$4.1m net operating cash outflow; opinion is unmodified but draws attention to this uncertainty via an emphasis paragraph. Key audit matter: carrying value of exploration and evaluation expenditure (E&E impairment judgement following Peregrine/Umiat relinquishment). Audit fee $88,327 for 2025 (2024: $87,990); non-audit tax advisory fees of $80,493 paid to BDO USA
page 62- Exploration and production risk - hydrocarbon deposits classified as contingent/prospective resources may not be economically recoverable; delays or added capex could impact production timingp.26
- Environmental, health & safety and regulatory risk across Alaska, Texas and Namibia jurisdictions with potentially conflicting/evolving regulationsp.26
- Volatility in oil and gas prices and the general economic climate affecting project economicsp.26
- Operational risk including reliance on discovery/acquisition of reserves, capital access, government permitting, competent personnel and equipment/rig availabilityp.26
Read from C000006-AR-2025-asx.
10 annual reports read, FY2016 to FY2025
Open a year to see what its report said. Every line in it carries the page it was read from.
Sources: ASX (10)
FY2026Next report expected 25 Mar 2027