Woodside Energy Group Ltd (ASX: WDS)
Woodside Energy Group Ltd (ASX: WDS) advanced its global growth strategy through several agreements and acquisitions in 2025. It secured a long-term gas supply deal with bp to support the Louisiana LNG project, marking the first step in diversifying feedgas sources. Also, a partnership with Stonepeak saw a 40% stake in Louisiana LNG sold with $5.7 billion committed toward near term capital needs, reducing Woodside’s upfront expenditure. The company also finalized LNG supply contracts totaling up to 2 Mtpa with Uniper supporting its position in both Atlantic and Pacific markets. These changes reveal a clear shift toward creating a dual basin LNG portfolio and optimizing capital efficiency.
WDS achieved record production of 193.9 MMboe in 2024, driven by strong performance at Sangomar and exceptional 98% reliability across LNG assets. While net profit rose to $3.6 billion due to operational excellence and underlying earnings saw a decline as commodity prices softened. Full year dividends reached $2.3 billion, representing an 80% payout ratio. Capital investment was disciplined with unit production costs kept low at $8.1/boe despite inflation.
Important progress was completed on key projects such as Scarborough, now 80% complete and Trion, over 20% developed. The acquisition of Beaumont New Ammonia, set for initial production in late 2025, aligns with goals for lower carbon product markets. WDS forecasts strong free cash flow from 2027, supported by growing LNG demand across Asia. Investments target long term energy supply security and emissions reduction, supporting both near term shareholder returns and future value creation in a transitioning global energy landscape.
Growthpoint Properties Australia (ASX: GOZ)
Growthpoint Properties Australia (ASX: GOZ) achieved stable operational momentum in FY25, reflected in the updated funds from operations guidance now set at no less than 23.0 cents per security, up from the previous 22.3–23.1 cps range. The increase mainly stems from effective capital management and lower interest costs. For the first half of FY25, FFO reached $88.8 million or 11.8 cps and distribution was 11.2 cps, which incorporated a 2.1 cps one off component. Net tangible assets per security were reported at $3.21 and pro forma gearing improved to 38.8% after recycling $335 million in capital.
The direct property portfolio remains strong showcasing a weighted average lease expiry of 5.8 year. This spans 5.7 years for office assets and 6.0 years across industrial holdings. Occupancy was maintained at 94 percentage and the office segment improving to 93% and industrial steady at 98%. Nine new leases were finalised in the office division during the March quarter, accounting for 4,009 sqm—five of these were new tenants. A major expansion project for the Perth Regional Distribution Centre, linked to a 10-year lease extension with Woolworths, is actively progressing.
Growthpoint executed a $300 million debt facility repayment during the quarter, leaving $242 million in undrawn debt available. FY25 distribution guidance remains unchanged at 20.3 cps, which includes the earlier flagged 2.1 cps one-off payment from 1H25.
(Source: Company Announcements)
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