FAR Limited (FAR) Earnings Call Transcripts

FAR Limited's Latest Earnings Call - May 28, 2026

In the earnings call for the fiscal year ended December 31, 2025, FAR Limited (FAR:AU) reported a significant contingent payment of approximately $23.7 million from Woodside, reflecting strong production performance at the Sangomar Field. The company announced a proposed capital return of $0.35 per share, totaling around AUD 32.3 million, which is expected to enhance shareholder value. Management maintained a conservative capital management approach while signaling potential new business opportunities in the future.

Reported metrics

Guidance from management

Management expects the remaining maximum contingent payment of USD 19.8 million could be realized during calendar year 2026, with corresponding payments anticipated in the first half of 2027. They also indicated a potential further capital return based on remaining surplus capital.

What management said

On that basis, I will provide shareholders an additional 30 seconds for the poll voting to be completed. So we'll just give shareholders a brief moment to finish their voting. [Voting]

Thank you. As the additional time is now up, I now declare the poll closed. Once poll results have been tallied by Computershare, we will announce the results later today on the ASX market announcement platform. The company has not received notice of any other business, and as such, that concludes the formal business of today's meeting. I declare the meeting closed. I thank you for your attendance, and we look forwar...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of production rates at Sangomar, especially with Woodside indicating a decline in production expected over the balance of 2026. Additionally, there were questions about the implications of potential new business opportunities and how they might affect the company's strategic direction.

Main topics on the call

• Contingent Payment from Woodside — FAR received a provisional contingent payment of $23.7 million from Woodside based on 2025 sales volumes, with management stating, "the maximum future contingent payment potentially received by FAR is approximately $19.8...
• Capital Return Proposal — The company proposed a capital return of $0.35 per share, which is expected to return approximately AUD 32.3 million to shareholders. Management emphasized that this decision is part of their strategy to return surplus c...
• Production Performance at Sangomar — Management highlighted that Sangomar produced approximately 29.7 million barrels equivalent in 2025, with an average daily production rate of 99 million barrels per day. This performance supports the contingent payment r...
• Future Business Opportunities — Management indicated that they may begin considering new opportunities for the company, stating, "the Board may also begin considering new opportunities for the company." This suggests a potential shift in strategic dire...

Read the full FAR Limited transcript (May 28, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 FAR Limited earnings call transcripts on record, spanning March 2, 2020 to May 28, 2026. Based on this history, FAR Limited reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FAR

Exchange

ASX

Country

AU

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

35

First call

March 2, 2020

Most recent

May 28, 2026

Reporting cadence

quarterly