Santos’ 2025 net profit falls 34% to $578.6m

Santos has announced its financial results for the year ending 2025, reporting net profit of A$818m ($578.6m), a 33.9% decrease from the previous year's A$1.26bn. The Australian energy company's underlying profit, excluding significant items, was A$898m, down 25.2% from A$1.2bn in 2024. In a strategic move to optimise operations, Santos is targeting a headcount reduction of around 10% as major growth projects are integrated into its base business. Santos managing director and CEO Kevin Gallagher said: ...