Interra Res reported FY 2025 revenue of USD 12.0 million (30% YoY), driven by lower sales of shareable oil of 250,791 barrels (19% YoY) and a lower weighted average transacted oil price of USD 69.06 per barrel. The group posted a FY 2025 net loss of USD 24.3 million, including impairment and allowances of USD 24.0 million, mainly from a USD 10.5 million impairment on the Kuala Pambuang (KP) PSC after the exploration licence rights expired and the company had not received an extension approval letter, a USD 6.7 million expected credit loss on loans to third parties used to finance the KP PSC, and a USD 6.9 million impairment on producing oil and gas properties in Myanmar. FY 2025 EBITDA was USD 2.0 million, net cash outflow was USD 2.9 million, and cash and cash equivalents were USD 15.1 million at 31 December 2025. In operations, Interra Res said its shareable oil production in Myanmar fell 4% from 1H 2025 to 2H 2025, and it completed drilling one new well budgeted for FY 2025 in the Chauk field, producing 1,487 barrels in FY 2025. For the KP PSC, the third Additional Exploration Period expired on 14 March 2025 and the planned WKP-1 exploration well programme remains postponed pending approval for an extension, with no significant contribution expected in the near term. On renewables, the company said financial closure for its joint venture with VibroPower to develop a 2MW solar farm is expected to be delayed until March 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Interra Resources Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 0SPHIPQQOGYG3APV) on February 27, 2026, and is solely responsible for the information contained therein.
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