Quantum Helium Limited (AIM: QHE) is pleased to announce that its Annual Report and Accounts for the financial year ended 30 June 2026 have today been released and are available on the Company’s website.
The Annual Report will also be sent to shareholders who have elected to receive hard copies.
Key Highlights
- Revenue from continuing operations increased to AUD $725k (2025: $504k), reflecting oil production at Sagebrush and the positive pricing environment.
- Net loss reduced to AUD $3.423m (2025: $10.318m).
- Cash at year-end was AUD $10.543m (2025: $3.939m). Cash balance at 9 September 2026 was AUD $8.48m.
- Sagebrush working interest increased from 82.5% to 90%, with Quantum receiving approval to assume operatorship in April 2026.
- The Sagebrush-1 Extended Production Test confirmed helium-bearing gas at approximately 2.5%, strong reservoir connectivity and pressure recovery, and identified commercial oil within the Leadville Formation, with more than 80 barrels recovered during testing by mid-June 2026.
- Independent assessments established combined 2U gross helium resources of 1.104 Bcf across Sagebrush and Coyote Wash, comprising 0.134 Bcf at Sagebrush and 0.97 Bcf at Coyote Wash.
- The Company strengthened its funding position through approximately £2.17m raised in October 2025 and a further £5m institutional placing completed in April 2026.
Carl Dumbrell, Executive Chairman of Quantum, commented:
“FY26 was a defining year for Quantum. We entered the period as Mosman Oil and Gas and ended it as Quantum Helium, with a more focused portfolio, a substantially stronger financial position and a clearer pathway towards development.
During the year we increased our interest in Sagebrush to 90%, assumed operatorship, confirmed helium at approximately 2.5%, identified commercial oil within the Leadville Formation and established combined 2U gross helium resources of 1.104 Bcf across Sagebrush and Coyote Wash. Our focus is now on execution: progressing the Sagebrush engineering and reservoir optimisation programme, followed by the recommended larger stimulation and testing programme, while continuing to advance Coyote Wash.”
Additional Information
Copies of the Annual Report will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Enquiries:
| Quantum Helium Limited
Carl Dumbrell Chairman
|
NOMAD and Joint Broker
SP Angel Corporate Finance LLP Stuart Gledhill / Richard Hail / Adam Cowl +44 (0) 20 3470 0470 |
| Brand Communications
Alan Green Tel: +44 (0) 7976 431608 |
Joint Broker
CMC Markets UK Plc Douglas Crippen +44 (0) 020 3003 8632 Joint Broker OAK Securities Jerry Keen / Robert Bell Tel: +44 (0) 203 973 3678 |
Updates on the Company’s activities are regularly posted on its website: www.quantum-helium.com
Notes to editors
Quantum (AIM: QHE) explores, develops and produces helium, hydrogen and hydrocarbons, with projects in the United States and Australia. The Company targets opportunities that can generate operating cash flow and offer development upside while continuing exploration. Its portfolio includes several US projects and Australian royalty interests.
Link here to view full accounts and financial statements
