Santos

STO · ASX · AUD

$8.54+1.79%+$0.15

Close · October 2, 2026

At a glance

Revenue growth: −8.21%; 2025 vs 2024
Net income growth: −33.17%; 2025 vs 2024
Net margin: 16.6%; 2024: 22.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	4,939	5,381	5,889	7,790	4,713	3,387	4,033	3,660	3,100	2,594
Cost of revenue	3,275	3,395	3,667	3,900	2,982	2,642	2,714	2,329	2,303	2,153
Gross profit	1,664	1,986	2,222	3,890	1,731	745	1,319	1,331	797	441
Selling, general and administrative	199	215	241	306	208	152	169	194	193	245
Research and development	10.0	6.0	—	—	—	—	—	—	—	—
Operating income	1,131	1,549	1,778	3,036	1,314	583	1,136	1,063	-333	-1,433
EBIT	1,131	1,549	1,778	3,036	1,314	583	1,136	1,063	-333	-1,433
EBITDA	2,908	3,226	3,494	4,733	2,427	1,607	2,197	1,783	1,337	-115
Interest expense	178	101	158	202	167	196	243	212	249	255
Pre-tax income	1,190	1,749	1,819	2,948	1,205	-306	1,018	1,106	-585	-1,485
Income tax	372	485	403	836	547	51.0	344	476	-225	-438
Net income	818	1,224	1,416	2,112	658	-357	674	630	-360	-1,047
Net income to common shareholders	818	1,224	1,416	2,112	658	-357	674	630	-360	-1,047
Basic EPS	0.25	0.38	0.43	0.63	0.31	-0.17	0.32	0.30	-0.17	-0.58
Diluted EPS	0.25	0.38	0.43	0.63	0.31	-0.17	0.32	0.30	-0.17	-0.58
Average shares (basic)	3,241	3,240	3,262	3,351	2,133	2,083	2,083	2,083	2,079	1,798
Average shares (diluted)	3,253	3,253	3,276	3,364	2,150	2,083	2,100	2,098	2,079	1,798
Dividend per share	0.24	0.23	0.26	0.23	0.14	0.07	0.11	0.10	—	—