Amplitude Energy Swings to Fiscal H1 Profit as Revenue Rises; Shares Up 3%

MT Newswires Live
02-25

Amplitude Energy (ASX:AEL) reported Tuesday that its earnings per diluted share in the fiscal first half was AU$0.003, compared with a loss per diluted share of AU$0.034 a year earlier.

Analysts polled by Visible Alpha expected the company to break even.

Revenue for the six months ended Dec. 31, 2024, was AU$133.7 million, up from AU$105.9 in the same period a year earlier. Analysts surveyed by Visible Alpha expected AU$133.3 million.

The oil and gas firm provided fiscal 2025 production guidance of 65 to 72 terajoules of energy per day. Production expenses are expected to range from AU$55 million to AU$63 million, while capital expenditure is expected to be AU$50 million to AU$60 million.

The board did not declare a dividend for the reported period.

Shares rose nearly 3% in morning trade Tuesday.

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