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Echelon Resources Posts 341% Profit Surge and Cuts Debt After Cue Sale
7:30am on Friday 28th of August, 2026 AEST
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Energy
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Echelon Resources Posts 341% Profit Surge and Cuts Debt After Cue Sale
7:30am on Friday 28th of August, 2026 AEST
Key Points
341% net profit increase to A$28.2 million
5% revenue growth to A$63.4 million from Amadeus Basin
Completed sale of 49.7% stake in Cue Energy, gaining A$12.1 million
Voluntary debt repayments of A$37 million reduce borrowings to A$10.5 million
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Echelon Resources (ASX:ECH)
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