Overview
- Santos said the workforce reduction equates to roughly 400 roles and the Australian portfolio review will deliver outcomes in early May.
- The company reported 2025 net profit of A$818 million, down about one-third year on year, with underlying profit of A$898 million on revenue of $4.9 billion.
- Guidance for 2026 remains unchanged, targeting sales of 101–111 mmboe and unit costs of $6.95–$7.45 per boe, with capital expenditure of $1.95–$2.15 billion.
- The board declared a final unfranked dividend of 10.3 US cents, taking full‑year dividends to 23.7 US cents per share, equal to 43% of free cash flow.
- First cargoes from Barossa and Darwin LNG were delivered in early 2026 within budget and schedule, and Moomba CCS enabled the 30% 2030 emissions‑reduction target to be met five years early.