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Highlights

  • STX’s H1FY25 revenue increased by 77%YoY to AUD 35.8 million.
  • The company reported a 93% YoY increase in EBITDA to AUD 15.6 million in H1FY25.
  • STX is advancing its strategic review to support its energy transition goals as a vertically integrated energy.

Strike Energy Limited (ASX:STX) is an Australian energy and fertilizer company focused on oil and gas exploration and development. The key projects include West Erregulla, Walyering, Project Haber, and Perth Basin geothermal.

In the first half of the financial year 2025 (H1FY25), the company’s revenue increased by 77% YoY to AUD 35.8 million. EBITDA increased by 93% YoY to AUD 15.6 million in H1FY25, up from AUD 1.1 million in the same period last year.

However, the bottom line turned negative due to non-cash items. The company reported an underlying net loss of AUD 15.5 million in H1FY25, compared to a profit of AUD 11 million in the same period of H1FY24.

During the third quarter of FY2025 (Q3FY25), the company’s revenue increased 68% YoY to AUD 54.4 million.

Company Outlook

Strike Energy is advancing its strategic review to reinforce its position as a vertically integrated energy company aligned with the energy transition. With high-quality assets located within Western Australia’s primary electricity grid, the company is focused on unlocking value through infrastructure development, improved market access, and growth opportunities.

Growth Prospects for Australian Energy Sector

Australia’s energy sector is poised to gain from evolving global dynamics across the oil, LNG, and coal markets. As geopolitical tensions in the Middle East intensify, global demand is increasingly shifting toward reliable and stable suppliers like Australia. This trend could offer the country a competitive edge in meeting international energy needs. Additionally, the decision by OPEC+ to increase output may result in a rise in global trade volumes, further boosting demand for Australian energy exports.

Energy security concerns in key markets such as Japan, South Korea, and Taiwan are prompting these nations to seek dependable supply chains, with Australia emerging as a preferred partner. These countries are actively reducing exposure to riskier sources by leaning on Australia, which benefits from a combination of geopolitical stability and a well-established energy infrastructure.

Share performance of STX

STX shares closed 6.25% higher at AUD 0.17 per share on 5 June 2025. Over the past   month, the stock has declined by 5.56%, while the year-to-date performance shows a drop of 19.05%. In the past 12 months, STX shares have fallen 12.82%, and over the past six months, they are down by 17.07%.

The company’s 52-week high of AUD 0.283 was recorded on 28 June 2024, and the 52-week low of AUD 0.133 occurred on 7 April 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 05 June 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.